Exhibit 99.03
| SitusAMC Loan ID | Customer Loan ID | Seller Loan 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 |
| XXXXXX | 6000076930 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Loan Estimate Timing | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three ([REDACTED]) business days of application. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2022-01-20): Rec'd initial LE Seller Comment (2022-01-20): initial LE |
01/20/2022 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | No Defined Cure | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 6000076930 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule ([REDACTED]): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Reviewer Comment (2022-03-17): Accpeted as-is |
2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 6000076930 | XXXXXX | XXXXXX | Credit | Guideline | Guideline Issue | Guideline | More than 3 NSFs/Overdraft Transfers occurred in the most recent 12-month period. | Recieved borrower LOE and credit exception approval from seller. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [REDACTED] Borrower has been employed in the same industry for more than [REDACTED] years. Borrower has worked in the same position for more than [REDACTED] years. The qualifying DTI on the loan is at least [REDACTED] less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [REDACTED] months. Borrower has owned the subject property for at least [REDACTED] years. Borrower has verified disposable income of at least [REDACTED] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2022-01-19): Lender exception in file. |
01/19/2022 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 6000076930 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Reviewer Comment (2022-01-28): Rec'd evidence the appraisal was emailed to the borrower [REDACTED]. |
01/28/2022 | 1 | B | A | B | A | B | A | B | A | B | A | NY | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 6000076930 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED] or Final Disclosure APR of [REDACTED] is in excess of allowable threshold of APOR [REDACTED] + [REDACTED], or [REDACTED]. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2022-01-28): Rec'd evidence the appraisal was emailed to the borrower [REDACTED]. Seller Comment (2022-01-28): Assuming the file is subject to [REDACTED], which this is.. [REDACTED]is acceptable as long as it meets HPML guidelines on page [REDACTED] of our guidelines. im not sure whats being requested here. |
01/28/2022 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 6000076930 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Reviewer Comment (2022-01-28): Rec'd evidence the appraisal was emailed to the borrower [REDACTED]. Seller Comment (2022-01-28): app email to borrower Seller Comment (2022-01-28): email transcript to borrower uploaded Reviewer Comment (2022-01-27): Received additional copies of documentation already reviewed. Document provided is evidence the CDA was emailed to the borrower, however, the appraisal recipients all have "[REDACTED]" email addresses. Evidence the borrower was prrovided a copy of the appraisal has not been provided. Exception remains. Reviewer Comment (2022-01-26): Rec'd evidence the CDA was emailed to the borrower, however, the appraisal recipients all have "[REDACTED]" email addresses. Exception remains. Seller Comment (2022-01-25): appraisal email deliveries Reviewer Comment (2022-01-20): The email recipients have "[REDACTED]" addresses. There is no evidence the appraisal was sent to the borrower. Seller Comment (2022-01-20): app delivery |
01/28/2022 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 6000076930 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule ([REDACTED]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Rec'd email to borrower dated [REDACTED], which is prior to the appraisal date of [REDACTED]. | Reviewer Comment (2022-03-17): Accpeted as-is |
2 | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| XXXXXX | 6000076930 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED] or Final Disclosure APR of[REDACTED] is in excess of allowable threshold of APOR [REDACTED] + [REDACTED], or [REDACTED]. Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2022-03-17): Accpeted as-is |
1 | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||||||||
| XXXXXX | 4000011073 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard insurance coverage of $[REDACTED] is insufficient to cover the RCE value of $[REDACTED]. Provide an updated policy showing dwelling coverage of at least that amount. | Reviewer Comment (2023-04-25): Clearing after review with client. Seller Comment (2023-04-25): Comment from [REDACTED] ([REDACTED]): (Updated submission prior to filing exception) Please see attached email. RCE provided was not issued by the insurer. Current HOI policy state coverage at [REDACTED]% replacement cost. (attached RCE email, HOI with replacement, RCE not issued by insurance company) Reviewer Comment (2023-04-25): RCE from the insurer states the replacement cost at $[REDACTED] so the insurer only providing coverage to $[REDACTED]doesn't cover the replacement of the property. The listing replacement cost on the policy is overridden when the RCE clearing shows it doesn't cover the property correctly. Need exception from [REDACTED], a policy that covers RCE, or an updated RCE from the insurer showing [REDACTED] cover replacement. Seller Comment (2023-04-25): Comment from [REDACTED] ([REDACTED]): Guides attached. The amount of coverage must be at least equal to: • • Replacement Cost coverage or similar verbiage as stated in the declarations page, OR • • [REDACTED]% of the insurable value of the improvements as established by the insurer or coverage amounts as determined by [REDACTED] WS' calculation from a full appraisal. Reviewer Comment (2023-04-25): RCE received however, RCE in the file shows replacement is at $[REDACTED] and coverage amount is $[REDACTED], resulting in a replacement cost shortage. Exception remains. Seller Comment (2023-04-25): Comment from [REDACTED] ([REDACTED]): RCE attached Reviewer Comment (2023-04-21): RCE in the file shows replacement is at $[REDACTED]and coverage amount is $[REDACTED], resulting in a replacement cost shortage. Exception remains. Seller Comment (2023-04-21): Comment from [REDACTED] ([REDACTED]): See attached: HOI policy has [REDACTED]% replacement cost coverage. Associated guides attached. |
04/25/2023 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000048840 | XXXXXX | XXXXXX | 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. | Reviewer Comment (2024-12-12): PDI provided. Cleared. |
12/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000055825 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | The File was missing a copy of Fraud Report. | Reviewer Comment (2025-01-21): Received, Clearing. Seller Comment (2025-01-21): Comment from [REDACTED] ([REDACTED]): Drive Report uploaded in misc docs |
01/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000055825 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Background Check not provided | The File was missing a copy of Fraud Report/ Background Check. | Reviewer Comment (2025-01-21): Received, Clearing. Seller Comment (2025-01-21): Comment from [REDACTED] ([REDACTED]): Drive uploaded in misc docs |
01/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000055825 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | The File was missing a copy of Business Purpose Certificate. | Reviewer Comment (2025-01-09): Received, Clearing. Buyer Comment (2025-01-09): Comment from [REDACTED] ([REDACTED]): Can you please advise on what is wrong with Business Purpose uploaded Reviewer Comment (2025-01-07): Business purpose cert was received. Cleared. Seller Comment (2025-01-07): Comment from [REDACTED] ([REDACTED]): business purpose was in our file- not sure why you didnt receive |
01/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000055825 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | - | No evidence of fraud report / Background check in file. | Reviewer Comment (2025-01-21): Received, Clearing. Seller Comment (2025-01-21): Comment from [REDACTED] ([REDACTED]): Drive Report uploaded in misc docs |
01/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000055825 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Legal Description not provided | Reviewer Comment (2025-01-07): Received, Clearing. Buyer Comment (2025-01-07): Comment from [REDACTED] ([REDACTED]): I spoke with title and the Legal is typed on [REDACTED] of the DOT |
01/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000054091 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The File was missing a copy of Tax Certificate | Reviewer Comment (2025-01-10): Clearing. Buyer Comment (2025-01-10): Comment from [REDACTED]: ([REDACTED] ): [REDACTED] : Please note that the guidelines for new construction/construction to permanent allow the use of [REDACTED] % of the appraised value as we do not have a fully improved value of the property. Taxes are calculated as follows: $[REDACTED] x .[REDACTED] = $[REDACTED] . |
01/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000057175 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Proposed insured amount is less than final loan amount. Please provide final policy with coverage equal to the loan amount | Reviewer Comment (2025-01-27): Accepted as is. |
01/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | RI | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000063558 | XXXXXX | XXXXXX | 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 [REDACTED] is not provided | Reviewer Comment (2025-02-06): Received, Clearing. Seller Comment (2025-02-06): Comment from [REDACTED]: ([REDACTED] ):[REDACTED] : Please see attached property inspection report. |
02/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | A | A | C | A | N/A | No | |||||||||||||
| XXXXXX | 4000061936 | XXXXXX | XXXXXX | Credit | Investment Product | General | Investment Product | REO property does not have a lease in place and required by guidelines. | - | Cash out refinance requires a lease agreement. | Reviewer Comment (2025-02-17): Cleared with XXXXX doc. STR. Buyer Comment (2025-02-17): Comment from [REDACTED] (United Shore): [REDACTED] - Please clarify if additional documentation is needed or this this is cleared Buyer Comment (2025-02-07): Comment from [REDACTED] (United Shore): [REDACTED] - We used Short Term Rental Guidance rather than Long Term Lease. Documentation from XXXX to meet documentation requirements for Short Term Rental was included in the file. |
02/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000061936 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | The file was missing a copy of Articles of Organization/Formation. | Reviewer Comment (2025-05-19): Loan updated to individual as guarantor, per revised Security Instrument. Cleared. Seller Comment (2025-05-19): Comment from [REDACTED] ( [REDACTED]e): [REDACTED]: See attached corrected mortgage, not in [REDACTED] |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000061936 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The file was missing a copy of Certificate of Good Standing. | Reviewer Comment (2025-05-19): Loan updated to individual as guarantor, per revised Security Instrument. Cleared. Seller Comment (2025-05-19): Comment from [REDACTED]( [REDACTED]): [REDACTED] [REDACTED]: See attached corrected mortgage, not in [REDACTED] |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000061936 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | The file was missing a copy of Corporate Resolution/ Operating Agreement. | Reviewer Comment (2025-05-19): Loan updated to individual as guarantor, per revised Security Instrument. Cleared. Seller Comment (2025-05-19): Comment from [REDACTED] ( [REDACTED]): [REDACTED]: See attached corrected mortgage, not in [REDACTED] |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000061936 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | The file was missing a copy of Operating Agreement. | Reviewer Comment (2025-05-19): Loan updated to individual as guarantor, per revised Security Instrument. Cleared. Seller Comment (2025-05-19): Comment from [REDACTED]( [REDACTED]): [REDACTED]: See attached corrected mortgage, not in [REDACTED] |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000061936 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | The file was missing a copy of Employer Identification Number (EIN). | Reviewer Comment (2025-05-19): Loan updated to individual as guarantor, per revised Security Instrument. Cleared. Seller Comment (2025-05-19): Comment from [REDACTED] ( [REDACTED]): [REDACTED]: See attached corrected mortgage, not in [REDACTED] |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000061936 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has not been vested in title for [REDACTED]months is in the LLC name, borrower is [REDACTED]% owner and will not be closing in the LLC, exception approved . Compensating factors LTV [REDACTED]%, credit score [REDACTED]. DSCR over [REDACTED]%, | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-02-06): Client elects to waive/regrade with compensating factors. |
02/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000061936 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception in the loan file for vesting in individual name, however the security instrument is in the name of the business. | Reviewer Comment (2025-05-19): Cleared new security instrument Seller Comment (2025-05-19): Comment from [REDACTED][REDACTED]( [REDACTED]): [REDACTED]: See attached corrected mortgage, not in [REDACTED] |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000062978 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Tax and Insurance Verification missing in file. | Reviewer Comment (2025-02-07): Received, Clearing. Seller Comment (2025-02-07): Comment from [REDACTED] ([REDACTED]): REO DOCS |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000062978 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Statement is missing. | Reviewer Comment (2025-02-07): Received, Clearing. Seller Comment (2025-02-07): Comment from [REDACTED] ([REDACTED]): REO DOCS |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000062978 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Statement is missing. | Reviewer Comment (2025-02-07): Received, Clearing. Seller Comment (2025-02-07): Comment from [REDACTED][REDACTED]): REO DOCS |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000062978 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Statement is missing. | Reviewer Comment (2025-02-07): Received, Clearing. Seller Comment (2025-02-07): Comment from [REDACTED]: REO DOCS |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000062978 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Statement is missing. | Reviewer Comment (2025-02-07): Received, Clearing. Seller Comment (2025-02-07): Comment from [REDACTED] ([REDACTED]): REO DOCS |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000062978 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Statement is missing. | Reviewer Comment (2025-02-07): Received, Clearing. Seller Comment (2025-02-07): Comment from [REDACTED] ([REDACTED]: REO DOCS |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000064398 | XXXXXX | XXXXXX | 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: ___ Disaster Declaration Date: ___ |
The subject property is located in a FEMA disaster that does not have a declared end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED] | SitusAMC | Reviewer Comment (2025-02-12): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED] |
02/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| XXXXXX | 4000064398 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Maximum allowable deductible for property insurance perils is [REDACTED]%. Master insurance on file is [REDACTED]% for water, all other deductibles meet investor guidelines | Borrower has verified disposable income of at least $[REDACTED]. Borrower has worked in the same position for more than [REDACTED]years. Borrowers made a down payment from their own funds on this purchase transaction of at least [REDACTED]% and $[REDACTED]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The representative FICO score exceeds the guideline minimum by at least [REDACTED] points. Property inspected post disaster but pre-FEMA declaration of disaster end date. |
Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED] | SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-02-12): Client elects to waive with compensating factors |
02/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| XXXXXX | 4000062577 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | Lease for subject property expired on [REDACTED]. Appraisal with report date of [REDACTED] states property is tenant occupied. Provide lease addendum or new lease showing current rental amount. | Reviewer Comment (2025-02-17): Cleared - auto renewal on lease agreement, year to year Seller Comment (2025-02-17): Comment from [REDACTED]: ([REDACTED] ): Per lease agreement - page [REDACTED] section [REDACTED] - auto-renewal. |
02/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000061295 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [REDACTED]Percent Fee Tolerance exceeded for Credit Report Re-Issue Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | No cure was provided to the borrower . | Reviewer Comment (2025-03-27): [REDACTED]received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Seller Comment (2025-03-26): Comment from[REDACTED] ([REDACTED]: [REDACTED] - please see attached |
03/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | PA | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000065226 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | The file is missing evidence that taxes and insurance are included in the mortgage payment as indicated on the Final 1003. | Reviewer Comment (2025-02-26): Received, Clearing. Seller Comment (2025-02-26): Comment from[REDACTED] ([REDACTED]): Mortgage statement showing account is escrowed |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Purchase | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000065226 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file was missing copy of Tax Verification | Reviewer Comment (2025-02-19): Received Tax Verification document for[REDACTED] Exception cleared. Seller Comment (2025-02-19): Comment from [REDACTED] ([REDACTED]): Property profile was in file at closing - also providing tax cert AIN on prop profile matches tax cert |
02/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Purchase | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000065226 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of[REDACTED] exceeds tolerance of [REDACTED] Insufficient or no cure was provided to the borrower. | No cure was provided | Reviewer Comment (2025-04-25): [REDACTED]received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Seller Comment (2025-04-24): Comment from[REDACTED] ([REDACTED]): Check reissued - tracking shows set to deliver [REDACTED] Reviewer Comment (2025-03-13): [REDACTED]received [REDACTED], LOE and copy of refund check. XXXX tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure. Seller Comment (2025-03-12): Comment from[REDACTED][REDACTED]): RESPA Cure check, ltr to bwr, tracking # and PCCD Reviewer Comment (2025-03-04): [REDACTED]received Post CD and LOX. However, we would also require Copy of refund check and proof of mailing. Seller Comment (2025-03-04): Comment from [REDACTED] ([REDACTED]): Respa Cure Check has been requested. here is the PCCD and letter to bwr Reviewer Comment (2025-02-27): [REDACTED]received rebuttal, however received invoice is not valid reason for increase. Please provide additional sufficient information or cure would be required. Cure documents consist of [REDACTED], [REDACTED], proof of mailing & copy of refund check. Seller Comment (2025-02-26): Comment from [REDACTED]([REDACTED]): The [REDACTED]cost was not $[REDACTED]it was $[REDACTED]per the attached invoice. No Cure should be required Reviewer Comment (2025-02-20): [REDACTED]LOE stating Appraisal re-inspection fee increased to $[REDACTED]from $[REDACTED]as per invoice is not valid reason. In order to determine if the changed circumstance is valid more information is necessary on reason fee increase/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 (2025-02-19): Comment from[REDACTED] ([REDACTED]: Appraisal was subject to and file was redisclosed |
04/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | 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 | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| XXXXXX | 4000065226 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TILA | Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application | Truth in Lending Act (NMLSR Dodd- Frank 2014): Individual Loan Originator not NMLS licensed or registered at time of application. | Per disclosure tracking, application received [REDACTED], Originator license issue date is [REDACTED] | Reviewer Comment (2025-02-19): Cleared based on NMLS screen provided. Loan transferred to new LO Seller Comment (2025-02-19): Comment from [REDACTED]([REDACTED]: File was transferred to [REDACTED]after [REDACTED]became active |
02/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Purchase | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000062600 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | Misc. State Level | Massachusetts Mortgage Lender and Broker Regulation (Ability to Repay not Verified) | Massachusetts Mortgage Lender and Broker Regulation: File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment using PITI payment based on fully indexed rate and fully amortizing payment, if applicable | Reviewer Comment (2025-02-19): Accepted as is. |
02/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000062600 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | No cure was provided. | Reviewer Comment (2025-02-26): [REDACTED]Received Corrected PCCD, LOE, Refund Check and Proof of Mailing. Seller Comment (2025-02-25): Comment from[REDACTED] [REDACTED]): Please see attached, PCCD, LOE, Check and shipping label |
02/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MA | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000062600 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. 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 (2025-02-19): Accepted as is. |
02/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000062975 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Itemization of Points and Fees Not Provided) | Texas Constitution Section 50(a)(6): Final Itemized disclosure of fees, points, costs and charges not provided to borrower at least one (1) business day prior to closing. | Itemized disclosure of fees, points, costs and charges not provided to borrower at least one (1) business day prior to closing. | Reviewer Comment (2025-02-20): Initial CD provided in file Seller Comment (2025-02-20): Comment from [REDACTED][REDACTED]([REDACTED]): Several Discl attached |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000062975 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Previous loan refinanced within twelve (12) month period of consummation) | Texas Constitution Section [REDACTED] ([REDACTED] )([REDACTED] ): Previous loan refinanced within twelve (12) month period of consummation | Reviewer Comment (2025-02-20): No previous mortgage on title Seller Comment (2025-02-20): Comment from [REDACTED] ([REDACTED]): TX Discl |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000062975 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Home Equity loan on homestead that exceeds the Acreage limits) | Texas Constitution Section 50(a)(6): Texas Cash-out Loan. Home Equity loan on homestead that exceeds the Acreage limits. | Texas Cash out loan, home equity loan on homestead that exceeds the acreage limits. Subject is[REDACTED] | Reviewer Comment (2025-02-24): Upon further review, the subject property does not meet the definition of an urban property as defined under § [REDACTED]of the Texas Property Code. Therefore, the maximum acreage is [REDACTED]acres for a single adult person and [REDACTED]acres for a family as per Texas Constitution Section 51 - Size of Homestead. The subject property's acreage does not exceed this allowance, therefore the exception regarding acreage limits has been cleared. Seller Comment (2025-02-24): Comment from[REDACTED] (L[REDACTED]: Article XVI, Section [REDACTED] Reviewer Comment (2025-02-20): [REDACTED]of property is greater than [REDACTED]acres. Exception remains. Seller Comment (2025-02-20): Comment from[REDACTED] [REDACTED]): HE Discl |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Send the owner a written acknowledgement that the lien is valid only in the amount that the extension of credit does not exceed the CLTV of 80%, and notice that the lien is valid only in the amount that the extension of credit secured by the homestead and not to the extent it is secured by additional real or personal property other than the homestead. | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000062975 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The appraisal indicates neighborhood characteristics as suburban, however indicates in description it is located in the rural. | Reviewer Comment (2025-02-21): Received, Clearing. Seller Comment (2025-02-21): Comment from[REDACTED] ([REDACTED]): Appraisal Revised and SSR's [REDACTED]and [REDACTED] |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000062893 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[REDACTED] exceeds tolerance of $[REDACTED] plus 10% or $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-19): Sufficient Cure Provided At Closing |
02/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000062893 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | File did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED]% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED]. | Reviewer Comment (2025-02-24): Received, Clearing. Seller Comment (2025-02-24): Comment from [REDACTED] ([REDACTED]): Dwelling coverage covers and exceeds the loan amount and HOI shows "Dwell Repl Cost - Similar Construction" |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000062998 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Mortgage Statement is missing | Reviewer Comment (2025-02-26): Received, Clearing. Seller Comment (2025-02-26): Comment from [REDACTED]([REDACTED]): Please find the requested docs attached - [REDACTED]XXXX REO is located in [REDACTED], I've also included the USD conversion calc as well |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000062998 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | RSU income is declining, lender exception approved. Comp factors LTV [REDACTED]%Reserves 68 months residual income [REDACTED]per month. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $[REDACTED]. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $[REDACTED]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [REDACTED]%. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-02-21): Client elects to waive/regrade with compensating factors. |
02/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000065497 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) New York Subprime Loan (Ability to Repay not Verified) | [REDACTED] Subprime Loan: File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment using PITI payment based on fully-indexed rate with fully-amortizing payment and taking into account payments on any simultaneously-closed loans. | Reviewer Comment (2025-02-24): Accepted as is. |
02/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000065497 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) | [REDACTED]Subprime Loan: Counseling Disclosure not provided to borrower. | Reviewer Comment (2025-02-24): Accepted as is. |
02/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000065497 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant | New York Subprime Loan: APR on subject loan of [REDACTED]% is in excess of allowable threshold of Prime Mortgage Market Rate [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant SubPrime Loan. | Reviewer Comment (2025-02-24): Accepted as is. |
02/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | 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. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000066533 | XXXXXX | XXXXXX | 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 three (3) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Reviewer Comment (2025-03-20): [REDACTED]received initial CD. Seller Comment (2025-03-19): Comment from[REDACTED]([REDACTED]: PLEASE SEE SCREENSHOT |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000066533 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | [REDACTED] Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[REDACTED]exceeds tolerance of [REDACTED]. Insufficient or no cure was provided to the borrower. | There was no change of circumstance or cure provided for the zero tolerance discount fee of $[REDACTED]. | Reviewer Comment (2025-03-20): [REDACTED]received a valid COC. Seller Comment (2025-03-19): Comment from[REDACTED] ([REDACTED]: MISSING LE AND CD |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000066533 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrow Costs Year 1 Overdisclosed - October 2018 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year 1 of [REDACTED]on Final Closing Disclosure provided on [REDACTED] are overdisclosed. | Non Escrowed Property Costs over Year 1 of [REDACTED]on Final Closing Disclosure provided on [REDACTED]are overdisclosed. | Reviewer Comment (2025-03-25): [REDACTED]received Letter of explanation and Corrected Closing disclosure. Seller Comment (2025-03-21): Comment from[REDACTED] [REDACTED]): CORRECTED CD Reviewer Comment (2025-03-20): [REDACTED]received LEs and CDs. However, the Final CD is mentioned with $[REDACTED]. The appraisal report in the file is reflecting HOA amount as $[REDACTED]. Kindly provide corrected post CD along with LOX to reflect non-escrowed property cost over year [REDACTED][REDACTED]0. Seller Comment (2025-03-19): Comment from[REDACTED]([REDACTED]): MISSING LE AND CD |
03/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000063752 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Mortgage Statement is missing in file for the Property [REDACTED]. Provide Closing disclosure. | Reviewer Comment (2025-04-11): Received final closing disclosure Seller Comment (2025-04-10): Comment from [REDACTED] [REDACTED]): Please see attached |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000064504 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-02-27): Accepted as is. |
02/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000064504 | XXXXXX | XXXXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Calculated Available for Reserves of $[REDACTED] is less than Guideline Available for Reserves of $[REDACTED] | Reviewer Comment (2025-03-26): Sufficient funds verified in original package Reviewer Comment (2025-03-26): Received Verification of Deposit amount is already included in assets however there is a shortfall for reserve requirement in the amount $[REDACTED].Please provide additional assets.Exception remains. Seller Comment (2025-03-25): Comment from [REDACTED][REDACTED].): please see attached, thank you for your help Reviewer Comment (2025-03-25): Required reserves is $[REDACTED]based on [REDACTED]months PITIA and [REDACTED]months PITIA on other financed properties. Seller Comment (2025-03-25): Comment from [REDACTED] ([REDACTED]): Please see attached, thank you very much for your help |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000065912 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Document is missing for [REDACTED] | Reviewer Comment (2025-03-24): Received Articles of Organization/Formation. Exception cleared. Seller Comment (2025-03-24): Comment from [REDACTED] ([REDACTED]): [REDACTED]: Please see attached document Reviewer Comment (2025-03-20): Received Business entity listing. please provide [REDACTED]. Exception remains. Seller Comment (2025-03-19): Comment from [REDACTED] ([REDACTED]): [REDACTED]: Please see attached doc Reviewer Comment (2025-03-04): Received Articles of Organization for[REDACTED]. Articles of Organization is missing for [REDACTED] Seller Comment (2025-03-04): Comment from [REDACTED] [REDACTED]: [REDACTED]: Please see attached document |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000065912 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Document is missing for [REDACTED] [REDACTED]. | Reviewer Comment (2025-03-12): Received, Clearing. Seller Comment (2025-03-12): Comment from[REDACTED] [REDACTED]:[REDACTED]: Please see attached document Reviewer Comment (2025-03-04): Received operating agreement for[REDACTED]. OA is missing for [REDACTED] Seller Comment (2025-03-04): Comment from[REDACTED] ([REDACTED]):[REDACTED]: Please see attached document |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000065912 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower [REDCATED]'s Permanent Resident Alien card has expired as of [REDACTED] | Reviewer Comment (2025-03-10): Received, Clearing. Seller Comment (2025-03-10): Comment from [REDACTED] ([REDACTED]): [REDACTED]: Please see attached documentation |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000065912 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Document is missing for [REDACTED] | Reviewer Comment (2025-03-12): Received, Clearing. Seller Comment (2025-03-12): Comment from [REDACTED] ([REDACTED]): [REDACTED]: Please see attached document Reviewer Comment (2025-03-04): Received certificate of good standing for [REDACTED]. COGS is missing for[REDACTED] Seller Comment (2025-03-04): Comment from[REDACTED] ([REDACTED]: [REDACTED]: Please see attached document |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000065344 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED] | SitusAMC | Reviewer Comment (2025-03-03): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [REDACTED] |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000065344 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-03-03): Accepted as is per client. |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000065344 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Guidelines state properties with two or more detached SFH on a single lot are generally ineligible for financing. | Borrowers made a down payment from their own funds on this purchase transaction of at least [REDACTED]% and [REDACTED]. | SitusAMC | Reviewer Comment (2025-03-03): Client elects to waive with compensating factors |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000066268 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant [REDACTED] business days prior to consummation. | Creditor did not provide a copy of each valuation to the borrower within [REDACTED] business days of closing. | Reviewer Comment (2025-03-03): Accepted as is per client. |
03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000067020 | XXXXXX | XXXXXX | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | Reviewer Comment (2025-03-05): Accepted as is. |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | A | B | B | B | A | A | N/A | N/A | No | ||||||||||||
| XXXXXX | 4000067020 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | Lender used [REDACTED] to [REDACTED] to calculate the income but the file contains [REDACTED]. Including that bank statement, the income for the most recent 12 months is [REDACTED] compared to what the seller used of [REDACTED], and is the difference in DTI | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $[REDACTED]. Borrower has worked in the same position for more than 3 years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [REDACTED] The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-08): Client exception received. Seller Comment (2025-05-07): Comment from [REDACTED] ( [REDACTED] [REDACTED]: Please see attached OB Exception to take updated income Reviewer Comment (2025-04-25): We cannot use a bank statement ending [REDACTED]as the note date is[REDACTED]The [REDACTED]statement wouldn't have been available at the time of closing. Seller Comment (2025-04-24): Comment from[REDACTED] [REDACTED]): [REDACTED]: Please see updated [REDACTED] statement and income worksheet. With the updated statement/ income worksheet the DTI is below [REDACTED]%. Reviewer Comment (2025-04-15): Received[REDACTED]dated Bank Statement, which is after note date([REDACTED]). Exception remains. Seller Comment (2025-04-14): Comment from [REDACTED] ([REDACTED]):[REDACTED]: Please see attached Feb [REDACTED]statement to updated income calculation Reviewer Comment (2025-03-28): Nothing new came through. Buyer Comment (2025-03-28): Comment from [REDACTED] ([REDACTED]):[REDACTED]: Please see attached Feb [REDACTED]o updated income calculation Reviewer Comment (2025-03-17): Per HO-6 policy annual premium is $[REDACTED]or $[REDACTED]Per month. Exception remains. Buyer Comment (2025-03-17): Comment from [REDACTED] (United Shore):[REDACTED]: I was able to see that the insurance amount that is being used from the investor is $[REDACTED], but the policy shows that the monthly amount of $[REDACTED] |
05/08/2025 | 2 | B | B | B | B | B | NY | Investment | Purchase | B | B | A | B | B | B | A | A | N/A | N/A | No | |||||||||||||
| XXXXXX | 4000065971 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Preliminary Title Report did not disclose an ALTA Loan Policy amount and Final Title Policy was not provided to verify that sufficient title coverage was obtained. | Reviewer Comment (2025-03-05): Accepted as is. |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000064887 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [REDACTED] [REDACTED] business days prior to consummation. | Reviewer Comment (2025-03-06): Accepted as is. |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000063794 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | The file was missing a copy of Operating Agreement | Reviewer Comment (2025-03-10): Received Operating Agreement. Exception cleared. Seller Comment (2025-03-10): Comment from [REDACTED][REDACTED]: operating agreement |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000063794 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | The file was missing a copy of Operating Agreement/Corporate resolution. | Reviewer Comment (2025-03-10): Received Operating Agreement. Exception cleared. Seller Comment (2025-03-10): Comment from[REDACTED]([REDACTED]): OPERATING |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000063794 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: Occupancy Certificate not provided | The file was missing a copy of Occupancy Certificate. | Reviewer Comment (2025-03-10): Received Occupancy Certificate. Exception cleared. Seller Comment (2025-03-10): Comment from[REDACTED] ([REDACTED]): OCCUPANCY STATEMENT |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000063794 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | The file was missing a copy of Business Purpose certificate. | Reviewer Comment (2025-03-10): Received Business Purpose Certificate. Exception cleared. Seller Comment (2025-03-10): Comment from[REDACTED]([REDACTED]: BUSINESS PURP |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000063794 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | The file was missing a copy of Employer Identification Number (EIN) | Reviewer Comment (2025-03-18): Received, Clearing. Seller Comment (2025-03-18): Comment from [REDACTED] ([REDACTED]): [REDACTED] |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000063794 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The file was missing a copy of Certificate of Good Standing. | Reviewer Comment (2025-03-18): Received Certificate of Good Standing. Exception cleared. Seller Comment (2025-03-17): Comment from [REDACTED]([REDACTED]): GOOD STANDING |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000063794 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | The file was missing a copy of Business purpose certificate | Reviewer Comment (2025-03-10): Received Business Purpose Certificate. Exception cleared. Seller Comment (2025-03-10): Comment from [REDACTED] ([REDACTED]): BUSINESS PURPOSE CERT |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000063794 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | The file was missing a copy of [REDACTED] | Reviewer Comment (2025-03-10): Received Articles of Organization/Formation. Exception cleared. Seller Comment (2025-03-10): Comment from [REDACTED] ([REDACTED]): articles |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000063794 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | File did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED]% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED] | Reviewer Comment (2025-03-14): Received, Clearing. Seller Comment (2025-03-14): Comment from [REDACTED] [REDACTED]): The original policy didn't verify that the policy was [REDACTED]% replacement cost but the attached email confirms. Reviewer Comment (2025-03-10): Insufficient documentation provided. Please provide RCE for subject property. Exception remains. Seller Comment (2025-03-10): Comment from [REDACTED] ([REDACTED]: hoi |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000065564 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has a 30-day mortgage late in the past 12 months | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least[REDACTED] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [REDACTED]%. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-10): Client exception received. Seller Comment (2025-04-10): Comment from [REDACTED] ([REDACTED]: [REDACTED]: See attached exception form Reviewer Comment (2025-03-26): Exception request must go to the buyers portal. Seller Comment (2025-03-26): Comment from [REDACTED]([REDACTED]):[REDACTED] - Uploading to show borrower was only late by $[REDACTED]for exception request. Reviewer Comment (2025-03-13): Exception from the buyer of the loan is needed. Seller Comment (2025-03-12): Comment from [REDACTED]([REDACTED]):[REDACTED]- This reported as a mortgage on credit in error. Note was provided showing that there was no real estate listed as collateral making this not a mortgage. Additionally, see attached Open Lien Report showing the only lien on the property is the first mortgage from [REDACTED]. |
04/10/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000067093 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Final Title Policy is missing. No evidence of title in file. | Reviewer Comment (2025-03-12): v |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000067093 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-03-12): Accepted as is. |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000067093 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Missing Bank Statements for months ending [REDACTED]; [REDACTED] and [REDACTED]. Acct [REDACTED] | Reviewer Comment (2025-03-13): Received Bank Statements for months ending [REDACTED][REDACTED]and[REDACTED]. Exception cleared. Seller Comment (2025-03-13): Comment from [REDACTED] ([REDACTED]): business bnk stmt 0[REDACTED] Reviewer Comment (2025-03-12): Received Acct #[REDACTED]Business Bank Statements for months ending [REDACTED] and [REDACTED]. Please provide [REDACTED] month bank statements for Acct #[REDACTED]. Exception Remains. Seller Comment (2025-03-12): Comment from [REDACTED] ([REDACTED]): Bank Statements |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000065999 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within [REDACTED]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-03-11): Accepted as is. |
03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000065999 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-10): Sufficient Cure Provided At Closing |
03/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000069052 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant Higher Priced Mortgage Loan. | Federal Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-03-12): Received Appraisal delivery confirmation. Exception cleared. |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| XXXXXX | 4000069052 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014):[REDACTED] requirements not satisfied. | Reviewer Comment (2025-03-12): Accepted as is. |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| XXXXXX | 4000069052 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL HPML Appraisal Not Obtained Prior to Closing Test | Unable to determine compliance with timely delivery of valuation to borrower due to missing information. | Unable to determine compliance with timely delivery of valuation to borrower due to missing information. | Reviewer Comment (2025-03-12): Received Appraisal delivery confirmation. Exception cleared. |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| XXXXXX | 4000069052 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Appraisal - Did Not Physically Visit) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Appraisal not performed by a certified or licensed appraiser who conducted a physical visit to the property. | TILA HPML Appraisal Rule (Dodd-Frank 2014): Appraisal not performed by a certified or licensed appraiser who conducted a physical visit to the property. | Reviewer Comment (2025-03-12): Received Appraisal delivery confirmation. Exception cleared. |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| XXXXXX | 4000069052 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Points and Fees Exceeds 2% of Original Principal Balance) | Texas Constitution Section 50(a)(6): Points and fees on subject loan of [REDACTED]% is in excess of the allowable maximum of [REDACTED]% of the Original Principal Loan Amount. Points and Fees total $[REDACTED] on an Original Principal Loan Amount of $[REDACTED] vs. an allowable total of $[REDACTED] (an overage of $[REDACTED] or [REDACTED]%.) | Points and fees on subject loan of [REDACTED]% is in excess of the allowable maximum of [REDACTED]% of the Original Principal Loan Amount. Points and Fees total $[REDACTED] on an Original Principal Loan Amount of $[REDACTED] vs. an allowable total of $[REDACTED] (an overage of $[REDACTED] or [REDACTED]%.) | Reviewer Comment (2025-03-27): Received, Clearing. Reviewer Comment (2025-03-27): . Reviewer Comment (2025-03-25): Accepted as is. Seller Comment (2025-03-25): Comment from [REDACTED] ([REDACTED]: Mavent report reflects undiscounted rate [REDACTED]% under Bona Fide Discount Point Eligibility. Reviewer Comment (2025-03-12): Please provided undiscounted rate and undiscounted price so bona fide discount point fees can be looked at. Seller Comment (2025-03-12): Comment from[REDACTED] ([REDACTED]): Please see attcached [REDACTED] that reflects under [REDACTED]fees |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund the borrower, or credit their account, an amount equal to any overcharge paid by the borrower. (Provide Proof of Delivery, LOE, and Copy of Check. [A servicing screen print can be provided in place of a check when a credit is applied to the borrowers account.]) | D | B | D | A | C | B | D | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| XXXXXX | 4000069052 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-11): Sufficient Cure Provided At Closing |
03/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | D | B | D | A | C | B | D | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||
| XXXXXX | 4000069052 | XXXXXX | XXXXXX | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Reviewer Comment (2025-03-12): Received Appraisal. Exception cleared. Seller Comment (2025-03-12): Comment from [REDACTED] [REDACTED]: PLease see attached Appraisal |
03/12/2025 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||
| XXXXXX | 4000069052 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | Need a post-disaster inspection verifying no damage to the subject property. | Reviewer Comment (2025-03-12): Received Appraisal. Exception cleared. |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| XXXXXX | 4000069052 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | Reviewer Comment (2025-03-12): Received Appraisal. Exception cleared. |
03/12/2025 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||||
| XXXXXX | 4000069052 | XXXXXX | XXXXXX | 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 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-03-12): Received Appraisal delivery confirmation. Exception cleared. Seller Comment (2025-03-12): Comment from [REDACTED] ([REDACTED]): PLease see attached appraisal delivery |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| XXXXXX | 4000069052 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Reviewer Comment (2025-03-12): Accepted as is. |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| XXXXXX | 4000069052 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (TX Home Equity Disclosure/Notice Concerning Extensions of Credit Not Provided) | Texas Constitution Section 50(a)(6): Missing Revised Notice Concerning Extensions of Credit disclosure, however file includes a signed acknowledgment stating that the owner(s) received the Notice at least 12 days prior to closing. | Reviewer Comment (2025-03-12): Accepted as is. |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | D | B | D | A | C | B | D | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||
| XXXXXX | 4000069045 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Tax Certificate is Missing | Reviewer Comment (2025-03-12): Received, Clearing. Seller Comment (2025-03-12): Comment from[REDACTED] ([REDACTED]): Please see attached |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | C | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| XXXXXX | 4000069045 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. Hazard shortage of $[REDACTED] | Reviewer Comment (2025-03-12): RCE provided. Clearing. Seller Comment (2025-03-12): Comment from[REDACTED] ([REDACTED]: PLease see [REDACTED] |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | C | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| XXXXXX | 4000069045 | XXXXXX | XXXXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Title Evidence is Missing. | Reviewer Comment (2025-03-18): Received, Clearing. Seller Comment (2025-03-18): Comment from[REDACTED] ([REDACTED]): Please see attached Reviewer Comment (2025-03-13): Received Closing Protection Letter. Please provide Final Title or Title-Commitment. Exception Remains. Seller Comment (2025-03-12): Comment from [REDACTED] ([REDACTED][REDACTED]is provided in lieu of Final Title Policy |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | C | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| XXXXXX | 4000069045 | XXXXXX | XXXXXX | 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 [REDACTED] is not in images. | Reviewer Comment (2025-05-01): Received Final Inspection / [REDACTED]. Exception cleared. Seller Comment (2025-05-01): Comment from [REDACTED] ( [REDACTED]): Please see attached |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | C | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| XXXXXX | 4000069045 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule [REDACTED]: Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-03-12): Accepted as is. |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Debt Consolidation | C | B | C | A | C | B | C | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| XXXXXX | 4000069045 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Provided) | Texas Constitution Section 50(a)(6): Borrower did not receive written "Acknowledgment of the Fair Market Value" of homestead property securing loan. | Borrower did not receive written "Acknowledgment of the Fair Market Value" of homestead property securing loan | Reviewer Comment (2025-03-13): Received, Clearing. Seller Comment (2025-03-13): Comment from[REDACTED] ([REDACTED]: Please see attached |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | C | B | C | A | C | B | C | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| XXXXXX | 4000069045 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Points and Fees Exceeds 2% of Original Principal Balance) | Texas Constitution Section 50(a)(6): Points and fees on subject loan of[REDACTED] is in excess of the allowable maximum of [REDACTED] of the Original Principal Loan Amount. Points and Fees total [REDACTED] on an Original Principal Loan Amount of [REDACTED]0 vs. an allowable total of [REDACTED] (an overage of [REDACTED] or [REDACTED].) | Points and fees on subject loan of [REDACTED] is in excess of the allowable maximum of [REDACTED] of the Original Principal Loan Amount. Points and Fees total [REDACTED] on an Original Principal Loan Amount of [REDACTED] vs. an allowable total of [REDACTED] (an overage of[REDACTED] or [REDACTED].) | Reviewer Comment (2025-05-08): Received, Clearing. Reviewer Comment (2025-05-08): Closed in error. Reviewer Comment (2025-03-25): Accepted as is. Seller Comment (2025-03-25): Comment from[REDACTED] ([REDACTED]k): [REDACTED] report reflects undiscounted [REDACTED]% under Bona Fide Discount Point Eligibility. Reviewer Comment (2025-03-12): Please provide undiscounted rate and undiscounted price for determination of discount points being bona fide. Seller Comment (2025-03-12): Comment from[REDACTED]([REDACTED]): Please see attached [REDACTED] that shows Fees do not exceed [REDACTED]% |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | Refund the borrower, or credit their account, an amount equal to any overcharge paid by the borrower. (Provide Proof of Delivery, LOE, and Copy of Check. [A servicing screen print can be provided in place of a check when a credit is applied to the borrowers account.]) | C | B | C | A | C | B | C | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| XXXXXX | 4000069045 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Provided Timely) | Texas Constitution Section 50(a)(6): Acknowledgment of the Fair Market Value not signed by lender at or before closing. | Reviewer Comment (2025-04-02): Received, Clearing. Seller Comment (2025-04-02): Comment from [REDACTED] ( [REDACTED]: please see attached Reviewer Comment (2025-03-24): Document is required to be executed at or before closing by Lender. Exception remains. Buyer Comment (2025-03-24): Comment from[REDACTED] ([REDACTED]): Disclosure is signed by lender after closing package is received. |
04/02/2025 | 1 | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Debt Consolidation | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | C | B | C | A | C | B | C | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||||||||
| XXXXXX | 4000064363 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | FICO 1 point shy of [REDACTED]FICO for LTV of [REDACTED]%. Comp factors, [REDACTED] months additional reserves total of [REDACTED]months. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [REDACTED] months. | SitusAMC | Reviewer Comment (2025-03-12): Client elects to waive/regrade with compensating factors. |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | LA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000064363 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Ineligible housing history, borrower is [REDCATED] on primary residence HELOC. | Reviewer Comment (2025-03-25): Housing late was outside the last [REDACTED]months Seller Comment (2025-03-25): Comment from [REDACTED] ([REDACTED]): Late was in [REDACTED]- not within [REDACTED]months of closing. See attached. |
03/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000061985 | XXXXXX | XXXXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | The file is missing copy of title document. | Reviewer Comment (2025-03-13): Received commitment Seller Comment (2025-03-13): Comment from [REDACTED] ([REDACTED]): Please see attached title |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000061985 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Reviewer Comment (2025-03-13): Documentation in the file confirms ex-spouse responsible Buyer Comment (2025-03-13): Comment from [REDACTED] ([REDACTED]): Please see Pg [REDACTED]of the loan file confirming the ex spouse is responsible for the first lien as well as taxes and insurance for this property. |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000061985 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Reviewer Comment (2025-03-13): Documentation in the file confirms ex-spouse responsible Buyer Comment (2025-03-13): Comment from [REDACTED] ([REDACTED]: Pg [REDACTED]confirms the ex spose is responsible for the property at [REDACTED]. The C1 REO is the same but was included to represent the second lien on this home which the borrower is responsible for. However the first lien and taxes and insurance the ex spouse is responsible for per the divorce decree. |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000061985 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Reviewer Comment (2025-03-13): Client elects to waive |
03/13/2025 | 2 | B | B | B | B | B | MA | Primary | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| XXXXXX | 4000067058 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Policy in CA with no Policy amount. | Reviewer Comment (2025-03-12): Accepted as is. |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000067058 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | PITIA months reserves of [REDACTED] is less than Guideline PITIA months reserves of [REDACTED]. | Reviewer Comment (2025-03-20): Cleared- lender exception provided. Seller Comment (2025-03-20): Comment from [REDACTED][REDACTED]):vPlease see that the investor approved an exception for the reserves. |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000067058 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for short reserves. Reserves of [REDACTED] as opposed to 6 months. Comp factors: FICO [REDCATED], DSCR above 1.00 | 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. |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-20): Client elects to waive/regrade with compensating factors. |
03/20/2025 | 2 | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||||||
| XXXXXX | 4000068018 | XXXXXX | XXXXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | The Hazard Insurance Policy Effective Date is after the later of the note or transaction date | Reviewer Comment (2025-03-13): Received, Clearing. Seller Comment (2025-03-13): Comment from [REDACTED]([REDACTED]): [REDACTED] TT: please see attached |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000067611 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. 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 (2025-03-13): Waived per client request |
03/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000067611 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | The file was missing a copy of Fraud Report for both Guarantors. | Reviewer Comment (2025-03-17): Received, Clearing. Seller Comment (2025-03-17): Comment from [REDACTED] ([REDACTED]): Fraud Report |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000066825 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Insurance Verification is missing from file for this REO Property. | Reviewer Comment (2025-03-14): Received, Clearing. Seller Comment (2025-03-14): Comment from [REDACTED]([REDACTED]): Please review property profile, both of these properties, [REDACTED]XXXX and [REDACTED]XXXX are both residential lots with no improvements. There is not a residence on these properties and HOI is not required. |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Second Home | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000066825 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Insurance Verification is missing from file for this REO Property. | Reviewer Comment (2025-03-14): Received, Clearing. Seller Comment (2025-03-14): Comment from[REDACTED] ([REDACTED]): Please review property profile, both of these properties, [REDACTED]XXXX and [REDACTED]XXXX are both residential lots with no improvements. There is not a residence on these properties and HOI is not required. |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Second Home | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000066825 | XXXXXX | XXXXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Title Document is missing from file. | Reviewer Comment (2025-03-14): Received, Clearing. Seller Comment (2025-03-14): Comment from[REDACTED] ([REDACTED]): Title Commitment |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Second Home | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000066825 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule ([REDACTED]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-03-13): Accepted as is. |
03/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Second Home | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000066825 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal Report provided is for a Purchase Transaction. Loan is a cashout refinance. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $[REDACTED]. Borrower has worked in the same position for more than [REDACTED] Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The qualifying DTI on the loan is at least [REDACTED]% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-13): Client elected to waive/regrade with compensating factors. Lender exception provided. |
03/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Second Home | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000066416 | XXXXXX | XXXXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-03-27): Received, Clearing. |
03/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | HI | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000066416 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-03-26): Received Final Title Policy with coverage amount of $[REDACTED]. Exception cleared. Seller Comment (2025-03-25): Comment from[REDACTED] ([REDACTED]): Please see attached doc[REDACTED] |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000064447 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Reviewer Comment (2025-03-14): Accepted as is. |
03/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000064447 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Reviewer Comment (2025-03-17): Received, Clearing. Seller Comment (2025-03-17): Comment from [REDACTED] ([REDACTED]: [REDACTED]Underwriter [REDACTED]Corporation [REDACTED] & complete copy of [REDACTED] |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000067492 | XXXXXX | XXXXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-03-14): Accepted as is. |
03/14/2025 | 2 | A | A | A | A | A | A | A | A | B | B | OR | Primary | Refinance - Rate/Term | C | B | A | A | C | B | B | B | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000067492 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [REDACTED] [REDACTED] business days prior to consummation. | Reviewer Comment (2025-03-14): Accepted as is. |
03/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Primary | Refinance - Rate/Term | C | B | A | A | C | B | B | B | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000067492 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[REDACTED]exceeds tolerance of $[REDACTED]plus [REDACTED]% or $[REDACTED]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-03-13): Sufficient Cure Provided within [REDACTED]Days of Closing |
03/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | OR | 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 | B | B | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000067492 | XXXXXX | XXXXXX | 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 (2025-04-29): Received, Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form. Seller Comment (2025-04-29): Comment from [REDACTED] ( [REDACTED]): [REDACTED]Please see the attached LOX, Right to Cancel, Closing Disclosure, and Proof of Delivery. Reviewer Comment (2025-04-14): CD dated [REDACTED] shows electronically signed [REDACTED] so that would be the signing date used for RTC. Buyer Comment (2025-04-14): Comment from [REDACTED] ([REDACTED]): [REDACTED]- disagree, file was signed by borrowers on[REDACTED], meaning midnight of[REDACTED] would be end of rescission period. Reviewer Comment (2025-04-07): RTC shows expired on [REDACTED]when should have been[REDACTED] Seller Comment (2025-04-07): Comment from[REDACTED]([REDACTED]): [REDACTED] Please see the attached FSS, reflecting a disbursement date of [REDACTED] |
04/29/2025 | 2 | C | B | C | B | C | B | C | B | C | B | OR | Primary | Refinance - Rate/Term | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000067492 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA - Incorrect Right To Cancel Form Used - H-8 Used on Same Lender Refinance (Circuit 2, 5, 7, 8, 9, 10 or DC) | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinancing by the same creditor. The H-8 form was used, the H-9 form should have been used. | Reviewer Comment (2025-03-14): Accepted as is. |
03/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Primary | Refinance - Rate/Term | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | A | C | B | B | B | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000067837 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-03-14): Accepted as is. |
03/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000066075 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Missing a copy of the final signed HUD/CD. | Reviewer Comment (2025-03-17): Received, Clearing. Seller Comment (2025-03-17): Comment from[REDACTED] ([REDACTED]):[REDACTED] Settlement Statement |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000066075 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Missing a copy of the hazard insurance policy. | Reviewer Comment (2025-03-17): Received Hazard Insurance Policy. Exception cleared. Seller Comment (2025-03-17): Comment from [REDACTED] ([REDACTED]): Insurance Attached |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000066075 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Closing / Title | Collateral | Security Instrument is not signed by borrower(s). | Missing the executed notary page for the Security Instrument. | Reviewer Comment (2025-03-17): Received Security Instrument with signature page. Exception cleared. Seller Comment (2025-03-17): Comment from [REDACTED] [REDACTED]: Mortgage |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000068385 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule [REDACTED]: Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Reviewer Comment (2025-03-20): Accepted as is. |
03/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | ID | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000068237 | XXXXXX | XXXXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | CLTV of [REDACTED]% exceeds CLTV of [REDACTED]%, due to [REDACTED]% reduction for declining market on the CDA. | Borrower has been employed in the same industry for more than [REDACTED]years. Borrower has verified disposable income of at least $[REDACTED]. Borrower has worked in the same position for more than [REDACTED] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [REDACTED]% and $[REDACTED]. The representative FICO score exceeds the guideline minimum by at least [REDACTED] points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-28): Client elects to waive with compensating factors Reviewer Comment (2025-03-31): Exception from Buyer of the loan would be required to clear. Exception remains. Buyer Comment (2025-03-31): Comment from [REDACTED] ( [REDACTED] We disagree with this. Don't see where in the guidelines it states that we must apply a market reduction based on the [REDACTED]. The CDA supports the value given on the appraisal and the guideline speaks to "review value" and %% of tolerances, it doesn't state we have to consider market declines if the CDA reviewer feels the market is different than what the appraiser states. Please provide the guideline on this if this is the case. |
04/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| XXXXXX | 4000068237 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | LTV of [REDACTED]% exceeds CLTV of [REDACTED]%, due to [REDACTED]% reduction for declining market on the CDA. | Borrower has been employed in the same industry for more than [REDACTED]years. Borrower has verified disposable income of at least $[REDACTED]. Borrower has worked in the same position for more than [REDACTED] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [REDACTED]% and $[REDACTED]. The representative FICO score exceeds the guideline minimum by at least [REDACTED] points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-28): Client elects to waive with compensating factors |
04/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| XXXXXX | 4000068237 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Provide CPA letter indicating the use of business funds will not have a negative effect on the business. | Reviewer Comment (2025-03-31): Cash Flow Analysis provided. Cleared. Seller Comment (2025-03-31): Comment from [REDACTED] ([REDACTED]): Cash flow analysis was completed and that goes with the UWs [REDACTED]notes so that they have the commentary with the cash flow analysis. See attached liquidity Calc Reviewer Comment (2025-03-27): Guidelines state: A signed letter from a CPA or Underwriter Cash Flow Analysis must also be obtained verifying that the withdrawal of funds for the transaction will not have a negative impact on the business; not required on DSCR loans. UW notes are not an acceptable verification. We need the CPA letter or the Cash Flow Analysis that show the withdrawal of funds for the transaction will not have a negative impact on the business. Buyer Comment (2025-03-27): Comment from Post Closing ([REDACTED]): Please advise why [REDACTED]notes are being rejected and this is being required. Reviewer Comment (2025-03-27): Please provide the cash flow analysis. Seller Comment (2025-03-27): Comment from[REDACTED]REDACTED]): Please review [REDACTED]Notes regarding this which should be sufficient |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000069842 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Provide title evidence with policy amount of $[REDACTED] | Reviewer Comment (2025-03-19): Accepted as is. |
03/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000069842 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | 03/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | C | B | C | B | A | A | A | A | Non QM | Non QM | Yes | |||||||||||
| XXXXXX | 4000069842 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The lease agreement in the loan file expired on [REDACTED]. Provide updated lease agreement. | Reviewer Comment (2025-03-20): Clearing. Buyer Comment (2025-03-20): Comment from [REDACTED] [REDACTED]: [REDACTED] - No rental income was used to qualify |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000069842 | XXXXXX | XXXXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Calculated available for reserves is less than calculated reserves of [REDACTED] | Reviewer Comment (2025-04-03): Additional asset provided. Cleared. Seller Comment (2025-04-03): Comment from [REDACTED] ([REDACTED]): [REDACTED]: See attached additional assets Reviewer Comment (2025-03-27): [REDACTED] Account funds $ [REDACTED]are already included in assets. However, Assets Available for Reserves of $[REDACTED]is less than Guideline Available for Reserves of $[REDACTED]. Please provide source of funds document for gift amount $[REDACTED]or additional assets. Exception remains. Buyer Comment (2025-03-27): Comment from[REDACTED][REDACTED][REDACTED]Borrower had $[REDACTED]in their [REDACTED] account which is sufficient to cover the reserves. Gifts were used for funds to close. Reviewer Comment (2025-03-25): Per [REDACTED]Guides Gift funds may not be used to meet the reserve requirements (pg. 30). Please provide an exception from Buyer of the loan. Exception remains. Buyer Comment (2025-03-25): Comment from[REDACTED] ([REDACTED]): [REDACTED]hen something is not mentioned in our guidelines with [REDACTED], we have agreed to default to FNMA guidance. Just because there is no guidance saying one way or the other doesn't mean its not allowed. FNMA guidance allows for gifts to be used as reserves. Reviewer Comment (2025-03-20): Per [REDACTED]s: Gift funds can be used for down payment or to pay closing costs. Guidelines doesn't mention being allowed for reserves. Buyer Comment (2025-03-20): Comment from[REDACTED] ([REDACTED]: [REDACTED] - Gifts should not be excluded from reserves. Per [REDACTED][REDACTED], " Eligible gift funds (but not gifts of equity) may be used to satisfy reserve requirements." |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000064782 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | First time homebuyer and first time investor- lender exception approved comp factors: FICO [REDACTED], [REDACTED]months in reserves. | 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 [REDACTED] and [REDACTED] The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [REDACTED]%. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-20): Client elects to waive/regrade with compensating factors. |
03/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000068668 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Legal Description not provided | Reviewer Comment (2025-03-20): Received Legal Description. Exception cleared. Seller Comment (2025-03-20): Comment from [REDACTED[REDACTED]: [REDACTED]RF please see attached please clear thank you |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000067800 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay [REDACTED]: Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2025-03-28): After further review, exception has been cleared. |
03/28/2025 | 1 | B | A | C | A | B | A | C | A | B | A | WA | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000067800 | XXXXXX | XXXXXX | 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 2014): The DTI calculated in accordance with the Lenders Guidelines and [REDACTED] (c)(5) of [REDACTED]% moderately exceeds the guideline maximum of [REDACTED]%. (DTI Exception is eligible to be regraded with compensating factors.) | The DTI calculated in accordance with the Lenders Guidelines and [REDACTED] ([REDACTED] )([REDACTED] ) of [REDACTED] % moderately exceeds the guideline maximum of [REDACTED] %. | Reviewer Comment (2025-03-28): After further review, exception has been cleared. Seller Comment (2025-03-28): Comment from [REDACTED] ([REDACTED]): This loan is using Asset Qualifier and DTI is not a requirement. Please waive. |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000067800 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-21): Sufficient Cure Provided At Closing |
03/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000067800 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Fee. Fee Amount of [REDACTED] exceeds tolerance of [REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Verification Fee. Fee Amount of [REDACTED] exceeds tolerance of [REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-21): Sufficient Cure Provided At Closing |
03/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000067800 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of [REDACTED]% exceeds Guideline total debt ratio of [REDACTED]%. | Reviewer Comment (2025-03-28): After further review, exception has been cleared. |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000067800 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Based on the loan failing one or more guideline components, the loan is at ATR risk. | Reviewer Comment (2025-03-28): After further review, exception has been cleared. |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070257 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[REDACTED]exceeds tolerance of $[REDACTED]plus [REDACTED]% or $[REDACTED]. Insufficient or no cure was provided to the borrower. | No Cure Provided in File | Reviewer Comment (2025-04-14): [REDACTED]Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Seller Comment (2025-04-11): Comment from [REDACTED]([REDACTED]): label Reviewer Comment (2025-04-11): [REDACTED]Received Corrected PCCD, LOE, Refund Check; however, Proof of Mailing not received. Provide Proof of Mailing. Seller Comment (2025-04-10): Comment from[REDACTED] ([REDACTED]): cure Reviewer Comment (2025-04-02): [REDACTED]received COC dated [REDACTED] however recording fee increased on CD dated [REDACTED]. A valid COC with sufficient information on why the recording fee increased or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Seller Comment (2025-03-31): Comment from [REDACTED] ([REDACTED]): coc Reviewer Comment (2025-03-28): [REDACTED]received COCs which are already in file. However, the recording fee was increased from $[REDACTED]to $[REDACTED]for which no COC was available in file. Please provide information as to what changed circumstance occurred (as defined under 1[REDACTED]that resulted in an increase in closing costs. Seller Comment (2025-03-26): Comment from[REDACTED] ([REDACTED] dba [REDACTED]): le and initial cd |
04/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000070257 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | No Cure Provided in File | Reviewer Comment (2025-05-01): Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD received Reviewer Comment (2025-05-01): [REDACTED]received Post CD,LOX,Copy of refund check and proof of mailing for $[REDACTED]however the total cure required for appraisal report is $[REDACTED]. Therefore, we would require additional cure of $[REDACTED]in order to cure the exception. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Seller Comment (2025-04-29): Comment from [REDACTED]: refund Reviewer Comment (2025-04-23): [REDACTED]received rebuttal stating cure. However, we would require cure for Appraisal fee increased $[REDACTED].Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Seller Comment (2025-04-22): Comment from [REDACTED][REDACTED]: cure attached Reviewer Comment (2025-04-18): [REDACTED] received COC dated [REDACTED]however the fee increased on LE dated [REDACTED] for $[REDACTED]. Kindly provide a valid COC for the fee increased or provide cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Seller Comment (2025-04-17): Comment from[REDACTED] ([REDACTED]): coc for the increase Reviewer Comment (2025-04-14): [REDACTED]Apprasial fee increased on LE dated[REDACTED] without valid COC. 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 (2025-04-11): Comment from [REDACTED] ([REDACTED]): label Reviewer Comment (2025-04-11): [REDACTED]Appraisal fee increased on LE dated 0[REDACTED]ithout valid COC. 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 (2025-04-10): Comment from[REDACTED](MLD[REDACTED]): cure |
05/01/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000070257 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | No Cure Provided in File | Reviewer Comment (2025-04-14): 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 (2025-04-11): Comment from[REDACTED] ([REDACTED]): coc Seller Comment (2025-04-11): Comment from [REDACTED] ([REDACTED].[REDACTED]): label Reviewer Comment (2025-04-11): [REDACTED]Cure of $[REDACTED]provided on Final CD; however, exception will be cleared once valid COC or Cure Docs received for Appraisal fee tolerance. Seller Comment (2025-04-10): Comment from [REDACTED]([REDACTED]): cure |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000047188 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Reviewer Comment (2025-03-31): Received, Clearing. Seller Comment (2025-03-31): Comment from [REDACTED]: ([REDACTED]): Hello, please see attached Reviewer Comment (2025-03-26): Exception request must go to the buyers portal. Seller Comment (2025-03-26): Comment from [REDACTED]: ([REDACTED]): Hello, This loan was reviewed under the old [REDACTED] Guidelines-DSCR loan, since the initial application was submitted in October [REDACTED]and rent insurance was not required. Would you please approve for an exception? |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000064851 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Legal Description not provided | Reviewer Comment (2025-05-09): Legal Description provided. Cleared. Seller Comment (2025-05-09): Comment from [REDACTED] ([REDACTED])[REDACTED]see attached Reviewer Comment (2025-04-02): Reopened as need the Legal Description that is not part of the title commitment. Reviewer Comment (2025-04-02): . Reviewer Comment (2025-03-26): Received Legal Description. Exception cleared. Seller Comment (2025-03-26): Comment from [REDACTED] ([REDACTED]): [REDACTED] Please see attached Legal Description |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ND | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000066974 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | No cure was provided to the borrower. | Reviewer Comment (2025-03-27): [REDACTED]received initial CD along with a valid COC. Seller Comment (2025-03-26): Comment from[REDACTED] [REDACTED]: COC for points - $[REDACTED] |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | C | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000066974 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | No cure was provided to the borrower . | Reviewer Comment (2025-03-27): 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 (2025-03-26): Comment from[REDACTED] ([REDACTED]): Escrow state - [REDACTED]/LOE/Email. |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | C | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000066974 | XXXXXX | XXXXXX | Property | Credit | General | Credit | The property type differs between the valuation documents in file. Unable to verify the property type. Ineligible per guidelines. | Zoning differs between appraisals. Urban vs Suburban. | Reviewer Comment (2025-03-27): Received, Clearing. Seller Comment (2025-03-27): Comment from [REDACTED] ([REDACTED]: Updated Appraisal for Suburban |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | C | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000066974 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Verification(s) of employment is not within [REDACTED]business days of the Note. | Reviewer Comment (2025-04-08): Received Third Party Verification of Employment dated[REDACTED]is within [REDACTED]days of Note date. Exception cleared. Seller Comment (2025-04-08): Comment from [REDACTED] ([REDACTED]: VVOE within [REDACTED]days Reviewer Comment (2025-03-31): Received Third Party Verification of Employment dated [REDACTED]is not within [REDACTED]days of Note date. As per guidelines, [REDACTED]must be completed within [REDACTED]([REDACTED]) calendar days of the closing date. Exception remains. Seller Comment (2025-03-31): Comment from[REDACTED] ([REDACTED]): VOE done during loan application but not within [REDACTED]days of close. Provided current/post-close VOE to confirm. Reviewer Comment (2025-03-28): VVOE provided is dated post close. Exception remains. Seller Comment (2025-03-28): Comment from[REDACTED] ([REDACTED]): Current VVOE - [REDACTED]party Reviewer Comment (2025-03-27): Received document is Employee Generated report. Please provide Third Party Verification of Employment or VVOE dated within [REDACTED]business days of the Note. Exception remains. Seller Comment (2025-03-27): Comment from[REDACTED]([REDACTED]): Current VVOE |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | C | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000066974 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [REDACTED] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-27): Sufficient Cure Provided At Closing |
03/27/2025 | 1 | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | C | A | Non QM | Non QM | Yes | |||||||||||||||
| XXXXXX | 4000064737 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule [REDACTED]: Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Receipt of Appraisal is missing. | Reviewer Comment (2025-03-25): Accepted as is. |
03/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | DE | Second Home | Purchase | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000064737 | XXXXXX | XXXXXX | 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 three (3) business days prior to closing. | Closing Disclosure provided [REDACTED] was not signed and dated by Borrower. | Reviewer Comment (2025-04-25): [REDACTED]received disclosure tracking for the [REDACTED] CD. Seller Comment (2025-04-24): Comment from [REDACTED]([REDACTED]: CD timing |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Second Home | Purchase | No Defined Cure | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| XXXXXX | 4000064737 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[REDACTED] exceeds tolerance of[REDACTED]. Insufficient or no cure was provided to the borrower. | Appraisal Re-Inspection fee increased from[REDACTED]to [REDACTED], without a valid changed circumstance document in file. No cure provided. | Reviewer Comment (2025-04-29): [REDACTED]received COC dated [REDACTED] Seller Comment (2025-04-28): Comment from [REDACTED] ([REDACTED]): [REDACTED]Appraisal Update Fee: Appraisal Document has been received on [REDACTED]and hence fee has been added on redisclosure1 that was disclosed to Borrower on [REDACTED]. Hence, cure not required. |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Second Home | 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 | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| XXXXXX | 4000064737 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | Transfer Tax increased from $[REDACTED] to $[REDACTED], without a valid changed circumstance document in file. No cure provided. | Reviewer Comment (2025-05-02): [REDACTED] Received Valid COC along with supporting comments on the exception and evidence showing receipt of the purchase contract. Seller Comment (2025-04-30): Comment from [REDACTED] ([REDACTED]: Please see attached Reviewer Comment (2025-04-29): [REDACTED]received rebuttal, however we require proof when the purchase contract was received by lender. Please provide evidence to re-evaluate the exception. Seller Comment (2025-04-28): Comment from[REDACTED][REDACTED]): Transfer Taxes: Transfer Taxes has been updated as per purchase contract dated [REDACTED]and on same day, redisclosure 2dated [REDACTED]has been disclosed to Borrower with Transfer Taxes $[REDACTED]which are within three days, hence cure not required. Please find attached redisclosure and purchase contract snip. |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Second Home | 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 | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| XXXXXX | 4000067733 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Appraisal Delivery Status in file reflect Appraisal was delivered [REDACTED]. | Reviewer Comment (2025-03-25): Accepted as is. |
03/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000068663 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV 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 on the title preliminary document. | Reviewer Comment (2025-03-26): Accepted as is. |
03/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000063047 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule [REDACTED]: Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Appraisal report date is [REDACTED] and Appraisal delivery date is [REDACTED] | Reviewer Comment (2025-03-26): Accepted as is. |
03/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000068803 | XXXXXX | XXXXXX | Credit | Asset | Asset Documentation | Asset | Missing Document: Gift Letter not provided | Reviewer Comment (2025-04-30): Received, Clearing. Buyer Comment (2025-04-30): Comment from [REDACTED] ([REDACTED]): This is immaterial below clear or waive. The borrower only needed the $[REDACTED]. Reviewer Comment (2025-04-28): Gift on the loan adds up to $[REDACTED] however documentation is only available for $[REDACTED]. Exception remains. Seller Comment (2025-04-28): Comment from [REDACTED] ( [REDACTED]): Updated Gift letter |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000071251 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost Provision) Georgia High-Cost Loan (Counseling Requirement) | Georgia High-Cost Loan: No evidence that borrower received counseling on the advisability of the loan transaction. | Georgia HCL Counseling Disclosure is missing.. | Reviewer Comment (2025-04-14): Cure documentation received. Loan is no longer high cost. Reviewer Comment (2025-04-02): [REDACTED]. Code Ann. § 7-6A-5 (7) Buyer Comment (2025-04-02): Comment from [REDACTED] ( [REDACTED]): Please provide a statutory reference for this requirement. Reviewer Comment (2025-04-01): Under [REDACTED][REDACTED]a counseling certification must be received, must just providing a list. Seller Comment (2025-04-01): Comment from [REDACTED] [REDACTED]: attached |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | See any available cure under the Georgia High Cost Loan threshold exception. | C | B | A | A | C | B | C | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000071251 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost Disclosure) Georgia High-Cost Loan (Fair Lending Notice Not on Note and/or Security Instrument) | [REDACTED] High-Cost Loan: Required GFLA Notice is not displayed on all documents that create a debt or pledge property as collateral. | [REDACTED] Notice is missing. | Reviewer Comment (2025-04-14): Cure documentation received. Loan is no longer high cost. Reviewer Comment (2025-04-02): [REDACTED]. Code Ann. § 7-6A-5 (15) Buyer Comment (2025-04-02): Comment from [REDACTED] [REDACTED]: Please provide a statutory reference for this requirement. Reviewer Comment (2025-04-01): Under [REDACTED] a counseling certification must be received, must just providing a list. Seller Comment (2025-04-01): Comment from [REDACTED][REDACTED]o [REDACTED]): attached |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | See any available cure under the Georgia High Cost Loan threshold exception. | C | B | A | A | C | B | C | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000071251 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost) Georgia High-Cost Loan (Points and Fees) | [REDACTED]: Points and Fees on subject loan of [REDACTED]% is in excess of the allowable maximum of [REDACTED]% of the Total Loan Amount. Points and Fees total $[REDACTED]on a Total Loan Amount of $[REDACTED]vs. an allowable total of $[REDACTED](an overage of $[REDACTED]or .[REDACTED]%). Non-Compliant High-Cost Loans. | Points and Fees on subject loan of [REDACTED]% is in excess of the allowable maximum of [REDACTED]% of the Total Loan Amount. Points and Fees total $[REDACTED]on a Total Loan Amount of $[REDACTED]vs. an allowable total of $[REDACTED], an overage of $[REDACTED]or .[REDACTED]%. Non-Compliant High-Cost Loans. No discount points bona fide or excludable as undiscounted rate is the same as Note rate (no rate reduction). Lender did not include YSP. GA points and fees exceed threshold. May need clarification on fees paid to attorney for potential exclusion. |
Reviewer Comment (2025-04-14): Cure documentation received including LOE, refund check and proof of mailing. Seller Comment (2025-04-10): Comment from[REDACTED] [REDACTED]): CURE |
04/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Refinance - Cash-out - Other | Within 90 days of loan closing and prior to receiving notice from the borrower: (a) offer restitution and make appropriate adjustments; or (b) to correct failure related to financing of insurance, make appropriate restitution by returning premiums paid plus interest charged on the premiums upon receipt of the notice of compliance failure. (Limited Use Bona Fide Errors - Compliance and Client Approval Required) Within 90 days of discovery, 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 high-cost 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 | C | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000071251 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [REDACTED] exceeds tolerance of [REDACTED] plus [REDACTED] or [REDACTED] Insufficient or no cure was provided to the borrower. | Total amount of[REDACTED] exceeds tolerance of [REDACTED] plus [REDACTED] or [REDACTED]. No cure provided. | Reviewer Comment (2025-04-14): [REDACTED]received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Reviewer Comment (2025-04-13): [REDACTED]received cure docs for $[REDACTED]. However, the [REDACTED]present in the file only states "cure was provided for GA high Cost". The cure require for [REDACTED]% tolerance is $[REDACTED]. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2025-04-10): Comment from[REDACTED] [REDACTED]): [REDACTED] were uploaded to another file Reviewer Comment (2025-04-08): EXCEPTION HISTORY - Exception Detail was updated on[REDACTED]PRIOR Exception Detail: TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[REDACTED]exceeds tolerance of $[REDACTED]plus [REDACTED]% or $[REDACTED]. Insufficient or no cure was provided to the borrower. (0) Reviewer Comment (2025-04-01): [REDACTED]received rebuttal, [REDACTED][REDACTED]tolerance is due to Title - exam/attorney opinion fee of $[REDACTED]added on sec B of CD and was not disclosed on LE. Please provide valid COC or cure is required. Cure documents consist of PCCD, LOE, proof of mailing & copy of refund check. Buyer Comment (2025-03-31): Comment from[REDACTED]([REDACTED]): Can you please advise which fee is over the [REDACTED]% tolerance? Thank you. |
04/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | 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 | C | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000071251 | XXXXXX | XXXXXX | 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 required inspection and 442 images are missing. | Reviewer Comment (2025-04-23): Received [REDACTED]-Certificate of completion. Exception cleared. Seller Comment (2025-04-22): Comment from [REDACTED]([REDACTED]): [REDACTED] Reviewer Comment (2025-04-03): Need [REDACTED]-Certificate of completion. Exception remains. Seller Comment (2025-04-03): Comment from [REDACTED] ( [REDACTED]): Please escalate condition. Appraiser states on page 15 subject was observed to have water damage. subject to to ensure no active leaks, no additional associated damages. and inspection letter must be provided. We have the inspection that confirmed both items the appraiser stated. |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | C | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000071251 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[REDACTED]is over disclosed by $[REDACTED]compared to the calculated Amount Financed of $[REDACTED]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 [REDACTED]). | [REDACTED] Fee in the amount of $[REDACTED]was not included in the amount financed and finance charge calculation at closing | Reviewer Comment (2025-05-13): [REDACTED]received PCCD, LOE, Copy of Refund Check and Proof of Mailing. Seller Comment (2025-05-12): Comment from [REDACTED] ([REDACTED]): NRTC Reviewer Comment (2025-04-14): [REDACTED]received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Seller Comment (2025-04-10): Comment from [REDACTED] [REDACTED]: cure |
05/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000071251 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED] disclosed an inaccurate Finance Charge on page [REDACTED] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[REDACTED] is under disclosed by $[REDACTED] compared to the calculated Finance Charge of $[REDACTED] which exceeds the $[REDACTED]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [REDACTED]). | Exam/Attorney Opinion Fee in the amount of $[REDACTED]was not included in the amount financed and finance charge calculation at closing | Reviewer Comment (2025-05-13): [REDACTED]received PCCD, LOE, Copy of Refund Check and Proof of Mailing. Buyer Comment (2025-05-12): Comment from[REDACTED]([REDACTED]): NRTC uploaded in another condition field Reviewer Comment (2025-04-14): [REDACTED]received Corrected CD, LOE to borrower, copy of cure refund for total underdisclosure and proof of mailing. As this is a Material Disclosure violation on a rescindable transaction, the reopening of rescission is also required. Please provide proof rescission reopened to all consumers. Buyer Comment (2025-04-10): Comment from [REDACTED][REDACTED]: CURE/[REDACTED]CD uploaded to another file |
05/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | Primary | Refinance - Cash-out - Other | 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 | A | A | C | B | C | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000067401 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-03-31): Accepted as is. |
03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000067401 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [REDACTED] with [REDACTED] - allow use of [REDACTED] income to qualify on DSCR, see appraisal and attached lease agreements for each unit. Approved with [REDACTED] FICO, [REDACTED] % LTV comp factors. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [REDACTED] months. The representative FICO score exceeds the guideline minimum by at least [REDACTED]points. |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-31): Client elects to waive/regrade with compensating factors. |
03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000042431 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Rent loss insurance for the subject property is required and must equal at least six (6) months of local average monthly rents. | Reviewer Comment (2025-03-31): Rent Loss coverage confirmation provided. Cleared. Seller Comment (2025-03-31): Comment from [REDACTED] ([REDACTED]): Please see the attached email confirmation. |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000071727 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-04-01): Accepted as is. |
04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| XXXXXX | 4000071727 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule ([REDACTED]): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Reviewer Comment (2025-04-01): Accepted as is. |
04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| XXXXXX | 4000071727 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Donor Check not provided | Missing evidence receipt of gift funds in the amount of [REDACTED]. | Reviewer Comment (2025-05-14): Wire transfer confirmation received, exception cleared. Seller Comment (2025-05-14): Comment from [REDACTED]([REDACTED]): Please see attached |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| XXXXXX | 4000067281 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance Verification document is missing | Reviewer Comment (2025-05-13): Received HOA document confirming that insurance is included in HOA. Also, as per updated [REDACTED], PITIA of property [REDACTED] is matching with the taxes and HOA documents. Exception cleared. Seller Comment (2025-05-13): Comment from[REDACTED][REDACTED] Hello - Please see updated documentation for accurate PITIA on the primary at [REDACTED]. This is a condo and the HOI is covered by a master policy which is paid via the HOA dues. Better inadvertently added an estimated HOI figure into the DTI before validating this was a condo. Thank you. Reviewer Comment (2025-04-28): As per Final [REDACTED], property [REDACTED][REDACTED]Ct, [REDACTED], [REDACTED]reflects Monthly Insurance, Taxes, Association Dues etc of $[REDACTED]. As per documents, monthly taxes is $[REDACTED]and HOA $[REDACTED]. Please provide supporting document for the remaining amount of $[REDACTED]. Exception remains. Seller Comment (2025-04-25): Comment from[REDACTED][REDACTED]): Borrower confirmation there is no HOI on this property |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000067281 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary[REDACTED] | Reviewer Comment (2025-03-31): Accepted as is. |
03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000071268 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Attorney Review Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-31): Sufficient Cure Provided At Closing |
03/31/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||
| XXXXXX | 4000071268 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [REDACTED]Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-31): Sufficient Cure Provided At Closing |
03/31/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||
| XXXXXX | 4000066184 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is Missing | Reviewer Comment (2025-04-28): Business Purpose Certificate associated. Exception cleared. Buyer Comment (2025-04-28): Comment from [REDACTED] ([REDACTED]): Please test as consumer purpose |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| XXXXXX | 4000066184 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay ([REDACTED]): General Ability-to-Repay requirements not satisfied. | General Ability-to-Repay requirements not satisfied. | Reviewer Comment (2025-04-29): Received, Clearing. |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000066184 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-04-01): Accepted as is. |
04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000066184 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Partnership | Ability to Repay (Dodd-Frank 2014): Unable to verify Partnership income using reasonably reliable third-party records. | Please provide executed [REDACTED] for [REDACTED] and [REDACTED]. | Reviewer Comment (2025-04-29): Received, Clearing. Seller Comment (2025-04-29): Comment from [REDACTED]([REDACTED]): These were e-filed |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000066184 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Partnership | Ability to Repay ([REDACTED]): Unable to verify Partnership income using reasonably reliable third-party records. | Please provide executed 1065s for 2022 and 2023. | Reviewer Comment (2025-04-29): Received, Clearing. Seller Comment (2025-04-29): Comment from [REDACTED] ([REDACTED]): Please see attached |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000066184 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - S-Corp | Ability to Repay (Dodd-Frank 2014): Unable to verify S-Corp income using reasonably reliable third-party records. | Please provide executed 1120s for 2022 and 2023. | Reviewer Comment (2025-04-29): Received, Clearing. Seller Comment (2025-04-28): Comment from [REDACTED] ([REDACTED]): these were efiled and extended for filing |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000066184 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-[REDACTED] exceeds tolerance of $-[REDACTED]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-[REDACTED] exceeds tolerance of $-[REDACTED] . Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-08): [REDACTED]received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Seller Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): Please see attached Reviewer Comment (2025-05-02): [REDACTED]received LOE to borrower and Corrected CD. Missing Copy of Refund Check. Seller Comment (2025-04-30): Comment from [REDACTED]([REDACTED]): check is pending approval |
05/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | 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 | C | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| XXXXXX | 4000070124 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[REDACTED].00 exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | No evidence provided for change in Re-inspection fee. | Reviewer Comment (2025-04-14): [REDACTED]received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Seller Comment (2025-04-11): Comment from [REDACTED] [REDACTED]: [REDACTED], [REDACTED], XXXX, check uploaded |
04/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000070124 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Donor Check not provided | Missing evidence of receipt of gift funds in the amount of $[REDACTED]. | Reviewer Comment (2025-04-03): Received Wire Confirmation. Exception cleared. Seller Comment (2025-04-03): Comment from [REDACTED] [REDACTED]: gift fund wire |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000060877 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation. | Reviewer Comment (2025-05-11): Received CDA. Exception cleared. Seller Comment (2025-05-09): Comment from[REDACTED]([REDACTED]): Please see attached |
05/11/2025 | 1 | D | A | D | A | D | A | D | A | D | A | HI | Second Home | Purchase | D | B | A | A | C | B | D | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000060877 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The appraisal was not provided to the borrower within 3 business days of the note date. | Reviewer Comment (2025-04-03): Accepted as is. |
04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | HI | Second Home | Purchase | D | B | A | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000060877 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [REDACTED] exceeds tolerance of [REDACTED] plus [REDACTED] or [REDACTED]. Insufficient or no cure was provided to the borrower. | No Cure Provided. | Reviewer Comment (2025-05-11): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2025-05-09): Comment from [REDACTED] ([REDACTED]: A cure os $[REDACTED]is already provided at Final CD for recording fee increase. |
05/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | A | A | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000060877 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | No Cure Provided. | Reviewer Comment (2025-05-11): [REDACTED]Received [REDACTED]along with supporting documents showing receipt of Purchase contract. Seller Comment (2025-05-09): Comment from [REDACTED] ([REDACTED]): The transfer taxes were added on LE dated [REDACTED]after receipt of Purchase contract on [REDACTED] with clause for transfer taxes to be paid by Borrower. As the fee was added within [REDACTED]days of receipt of Purchase contract a cure is not required. |
05/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | A | A | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000060877 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [REDACTED]Percent Fee Tolerance exceeded. Total amount of $[REDACTED]exceeds tolerance of $[REDACTED]plus [REDACTED]% or $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-11): Sufficient Cure Provided At Closing |
05/11/2025 | 1 | A | A | A | A | A | HI | Second Home | Purchase | Final CD evidences Cure | D | B | A | A | C | B | D | A | Non QM | Non QM | Yes | |||||||||||||||
| XXXXXX | 4000068208 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation. | Reviewer Comment (2025-05-13): Received CDA. Exception cleared. Seller Comment (2025-05-13): Comment from [REDACTED][REDACTED]: My apologies, here it the correct doc Reviewer Comment (2025-05-09): The document uploaded was a [REDACTED]for a different borrower and address, provide secondary valuation for subject property. Seller Comment (2025-05-09): Comment from[REDACTED]([REDACTED]: Please see attached |
05/13/2025 | 1 | D | A | D | A | D | A | D | A | D | A | AZ | Investment | Purchase | D | A | A | A | A | A | D | A | N/A | No | ||||||||||||
| XXXXXX | 4000070744 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Personal not provided | The file was missing a copy of Account Statements - Personal Ac/no:- [REDCATED]. | Reviewer Comment (2025-04-04): Received, Clearing. Seller Comment (2025-04-04): Comment from[REDACTED][REDACTED]): [REDACTED]See attached statement ending[REDACTED] |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000070744 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2025-04-04): Received, Clearing. Buyer Comment (2025-04-04): Comme[REDACTED]([REDACTED][REDACTED]): [REDACTED]: See attached statement ending[REDACTED] |
04/04/2025 | 1 | B | A | C | A | B | A | C | A | B | A | AL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000070744 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability to Repay – Bank Statement Guidelines Require Less than 12 Months | Ability to Repay ([REDACTED]): Guidelines require less than 12 consecutive months bank statements. | The file was missing one month bank statement. | Reviewer Comment (2025-04-03): Accepted as is. |
04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070744 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | No cure was provided. | Reviewer Comment (2025-04-11): 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 (2025-04-10): Comment from [REDACTED] ([REDACTED]): [REDACTED]Please see the attached Final Closing Disclosure and Tolerance Cure breakdown which shows the borrower was provided a credit at closing for the increase in the Appraisal Fee. |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | 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 | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000070744 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | No cure was provided. | Reviewer Comment (2025-05-09): [REDACTED]Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Seller Comment (2025-05-08): Comment from [REDACTED] ( [REDACTED]): [REDACTED]Please see attached Letter of Explanation, Refund Check, Post-Closed Closing Disclosure, Proof of Delivery. |
05/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | AL | 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 | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000070744 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The file was missing a copy of Account Statements - Personal end date with [REDACTED] | Reviewer Comment (2025-04-04): Received, Clearing. Seller Comment (2025-04-04): Comment from[REDACTED](XXXX): [REDACTED] See attached statement ending[REDACTED] |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070744 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003/Declarations: E. Will this property be subject to a lien that could take priority over the first mortgage lien, such as a clean energy lien paid through property taxes (e.g., the Property Assessed Clean Energy Program)? reflects Yes. Missing documented and/or does not meet guideline requirements. | - | Borrower ticked "yes" for Will this property be subject to a lien that could take priority over the first mortgage lien, such as a clean energy lien paid through your property taxes (e.g., the Property Assessed Clean Energy Program)?. Provide supporting documents or revised 1003 with correct information. | Reviewer Comment (2025-05-06): Received, Clearing. Seller Comment (2025-05-06): Comment from [REDACTED] ([REDACTED]): [REDACTED]: Please see attached signed form. Reviewer Comment (2025-04-29): Without the change being initialed and signed the signed one that is incorrect is the only valid one in force. An exception from the buyer of the loan to proceed without corrected initialed and signed the signed [REDACTED]or an initialed and signed the signed corrected 1003 is needed. Seller Comment (2025-04-29): Comment from [REDACTED]([REDACTED]): [REDACTED]: Please see that the borrower directly confirmed that this was marked in error. Reviewer Comment (2025-04-16): Without the change being initialed and signed the signed one that is incorrect is the only valid one in force. Exception remains. Buyer Comment (2025-04-16): Comment from[REDACTED] [REDACTED]):[REDACTED]: The [REDACTED]would only need to be signed by the borrower if the terms of the loan changed. An updated [REDACTED]that was provided to correct information that was originally selected in error is not required to be re-signed by the borrower. Reviewer Comment (2025-04-14): The revised [REDACTED]needs to be initialed and signed by the borrower. Seller Comment (2025-04-14): Comment from [REDACTED] ([REDACTED][REDACTED]: Please see the updated [REDACTED]. Reviewer Comment (2025-04-10): Please provide revised Final [REDACTED]. Exception remains. Seller Comment (2025-04-10): Comment from[REDACTED]([REDACTED]):[REDACTED]: Please see the attached confirmation that this was marked in error. Please also see that the title commitment confirms no additional liens. |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000069096 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Income document is missing for the employer [REDCATED] for co-borrower [REDACTED]. | Reviewer Comment (2025-04-04): Paystubs received. Cleared Seller Comment (2025-04-04): Comment from [REDACTED] ([REDACTED]): attached |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000069096 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | waterfall findings due to the missing co-borrower's paystub to verify the XXXXXX income, resulting in loan designation discrepancy. | Reviewer Comment (2025-04-04): Paystubs received Seller Comment (2025-04-04): Comment from [REDACTED] ([REDACTED]): attached |
04/04/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000069096 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Exception already added for income document missing. | Reviewer Comment (2025-04-04): Paystubs received |
04/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000069096 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Insurance Binder Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure was provided to the borrower. | Reviewer Comment (2025-04-04): Sufficient Cure Provided At Closing |
04/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000069096 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Wages | Ability to Repay (Dodd-Frank 2014): Unable to verify income due to, missing the most recent W2. | Most recent Paystub is missing. Exception already added for the same. w-2 is missing, but w-2 transcript has been provided. | Reviewer Comment (2025-04-04): Paystubs received Seller Comment (2025-04-04): Comment from [REDACTED] ([REDACTED]): attached |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000069096 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Income documentation requirements not met due to the missing co-borrower's paystub to verify the [REDCATED] income | Reviewer Comment (2025-04-04): Cleared Paystubs received Seller Comment (2025-04-04): Comment from [REDACTED] ([REDACTED]): attached |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000069096 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): 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 findings due to the missing co-borrower's paystub to verify the [REDCATED] income, | Reviewer Comment (2025-04-04): The work number was received. Cleared Seller Comment (2025-04-04): Comment from [REDACTED] ([REDACTED]): attached |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000069096 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | waterfall findings due to the missing co-borrower's paystub to verify the [REDCATED] income, | Reviewer Comment (2025-04-04): Clear, paystubs received Seller Comment (2025-04-04): Comment from [REDACTED] ([REDACTED]): attached |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000069096 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2025-04-07): Received, Clearing. Seller Comment (2025-04-07): Comment from [REDACTED] ([REDACTED]): attached. please clear with all the other conditions for the same exact thing. |
04/07/2025 | 1 | A | A | A | A | A | CA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||||
| XXXXXX | 4000063312 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Reviewer Comment (2025-04-04): Accepted as is. |
04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000070721 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. 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 (2025-04-04): Accepted as is. |
04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000068531 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The appraisal was not provided to the borrower within 3 business days of the note date. | Reviewer Comment (2025-04-07): Accepted as is. |
04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Second Home | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000068531 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | Misc. State Level | Colorado Consumer Credit Code (First Lien Refinance Notice Not Provided) | Colorado Consumer Credit Code: Borrower not provided First Lien Refinance Notice. | Reviewer Comment (2025-04-07): Accepted as is. |
04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Second Home | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| XXXXXX | 4000068531 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2025-04-07): Accepted as is. |
04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Second Home | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000069954 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Reviewer Comment (2025-04-07): Accepted as is. |
04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000070201 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide operating agreement, corporate resolution reflecting percentage of ownership. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [REDACTED] months. | SitusAMC | Reviewer Comment (2025-04-30): Client exception received. Seller Comment (2025-04-30): Comment from [REDACTED] ([REDACTED]): [REDACTED]: Please see that the investor has approved an exception on this loan. Reviewer Comment (2025-04-15): Ownership percentage is not listed. Exception remains. Buyer Comment (2025-04-15): Comment from [REDACTED] ([REDACTED]): [REDACTED]: Please note that the guidelines state that all borrowers on the loan must be members of the business entity, which was documented within the Operating Agreement. The guidelines also state that the borrower signing on behalf of the business entity must have the authority to sign on behalf of the business entity, which was also documented in the Operating Agreement provided. The Operating Agreement satisfies the requirements of the investor guidelines. Reviewer Comment (2025-04-11): Breakdown of ownership percentages required per guidelines. Exception remains. Buyer Comment (2025-04-11): Comment from [REDACTED] ([REDACTED]): [REDACTED]: Please note that both signatures on the Operating Agreement belong to the borrower's on the loan. [REDACTED] is listed as theXXXX and XXXXr, and [REDACTED] is listed as a member. Since all parties on the Agreement are borrowers and all borrowers have signed the agreement, their combined ownership percentage is [REDACTED]. An Operating Agreement would be acceptable in this case. Reviewer Comment (2025-04-09): Operating Agreement is not for sole member. Only lists guarantor as XXXX. Another member's signature provided. Need confirmation of percentage of ownership. Exception remains. Seller Comment (2025-04-09): Comment from [REDACTED] ([REDACTED]):[REDACTED]: Please see the attached operating agreement for [REDACTED]. The borrowers' ownership totals [REDACTED] of the business. |
04/30/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000067632 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file was missing a copy of HOA Verification. | Reviewer Comment (2025-05-06): Received HOA Verification. Exception cleared. Seller Comment (2025-05-06): Comment from [REDACTED] ([REDACTED]): See attached |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000067632 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within [REDACTED] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-04-09): Accepted as is. Seller Comment (2025-04-09): Comment from [REDACTED] ([REDACTED]): See attached |
04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000067632 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Reviewer Comment (2025-04-11): PDI provided. Cleared. |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000067632 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-04-09): Accepted as is. Seller Comment (2025-04-09): Comment from[REDACTED] ([REDACTED]): See attached |
04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000067632 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Insurance verification is missing. | Reviewer Comment (2025-04-09): Received, cleared Seller Comment (2025-04-09): Comment from [REDACTED] ([REDACTED]): See attached |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000067632 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Post FEMA Disaster Income/Employment Reverification | VOE for wage earner(s) or CPA letter if borrower(s) are self employed due to post FEMA disaster income/employment reverification guideline requirement needed to verify employer and income was not effected by the FEMA disaster. | Reviewer Comment (2025-04-09): CPA letter received Buyer Comment (2025-04-09): Comment from [REDACTED] ([REDACTED]): Why is it rejected? Reviewer Comment (2025-04-09): Received VVOE and CPA letter Seller Comment (2025-04-09): Comment from [REDACTED] ([REDACTED]): Final VOE and CPA Letter |
04/09/2025 | 1 | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| XXXXXX | 4000067632 | XXXXXX | XXXXXX | Property | Valuation | General | Valuation | Valuation Product pending | [REDACTED] / Post Disaster Inspection + [REDACTED] - 5 Days | Reviewer Comment (2025-04-11): PDI provided. Cleared. Reviewer Comment (2025-04-11): Valuation Received - [REDACTED] |
04/11/2025 | 1 | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| XXXXXX | 4000070738 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within [REDACTED] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-04-09): Accepted as is. |
04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000067728 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | The borrowers have their departing residence listed for sale, however, the required letter of intent to sell within [REDACTED]days of closing the subject loan was not provided. | Reviewer Comment (2025-04-16): Received, Clearing. Seller Comment (2025-04-16): Comment from Purchasing Team ([REDACTED]): DEPARTURE LOE Reviewer Comment (2025-04-10): The [REDACTED] shows the departures residence days on market as [REDACTED]. Still require a current listing or signed letter of intent from the Borrower indicating they intend to list the departure residence for sale within ninety ([REDACTED]) days of closing on the subject transaction. Exception remains. Seller Comment (2025-04-10): Comment from Purchasing Team ([REDACTED].): EQUITY APPRAISAL FOR INTENT Reviewer Comment (2025-04-09): Looking per guidelines for: Currently listed or signed letter of intent from Borrower indicating they intend to list the departure residence for sale within ninety ([REDACTED]) days of closing on subject transaction. Seller Comment (2025-04-09): Comment from Purchasing Team ([REDACTED].): BORROWERS [REDACTED] |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | D | A | WA | Primary | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000068427 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Schedule K-1 Year 2023 for Business [REDACTED] for Borrower 3([REDACTED]) is missing in File | Reviewer Comment (2025-04-23): Received K-1 year [REDACTED] document for Borrower 3([REDACTED]) for Business [REDACTED] hence exception cleared. Seller Comment (2025-04-23): Comment from Purchasing Team ([REDACTED]): K1 Reviewer Comment (2025-04-10): Please provide for K-1 for [REDACTED], the K=1 provided was for other borrower Seller Comment (2025-04-10): Comment from Purchasing Team ([REDACTED]): K1 |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000068427 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The loan was locked as [REDACTED] and it should have evidence of agency ineligibility. Documented on the Loan Submission Form (required for every file delivery) or may be satisfied through a DU or LP underwriting findings report in file verifying the loan does not qualify for delivery, or as evidenced on the 1008. | Reviewer Comment (2025-04-17): Received, Clearing. Seller Comment (2025-04-17): Comment from Purchasing Team ([REDACTED]): LOE |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000070662 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | File did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED]% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED]. | Reviewer Comment (2025-05-12): Updated RCE provided. Cleared. Seller Comment (2025-05-12): Comment from [REDACTED] ([REDACTED]): see attached RCE Reviewer Comment (2025-04-09): The policy that shows that was paid on the HUD was for $[REDACTED] which doesn't match the policy that had the increase in coverage. The policy that had the increased coverage had a premium of $[REDACTED]. Buyer Comment (2025-04-09): Comment from [REDACTED] ([REDACTED]): that is incorrect please look at the updated binder on the pages following the RCE with sufficient coverage. All needed docs were provided to you upon delivery Reviewer Comment (2025-04-09): The insurance binder shows coverage of [REDACTED], which is short based on the RCE of [REDACTED]. Buyer Comment (2025-04-09): Comment from [REDACTED] ([REDACTED]): RCE was provided with the package and is located starting on page [REDACTED]. please review what was provided. |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000070827 | XXXXXX | XXXXXX | 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 three (3) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. (Initial/[REDACTED]) | Reviewer Comment (2025-04-11): [REDACTED] received initial CD. Seller Comment (2025-04-10): Comment from [REDACTED] ([REDACTED]): ICD |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | No Defined Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000070827 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud report is missing. | Reviewer Comment (2025-04-10): Received Fraud Report. Exception cleared. Seller Comment (2025-04-10): Comment from [REDACTED] ([REDACTED]): Fraud Report |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070827 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is missing in file. | Reviewer Comment (2025-04-10): Received Fraud Report. Exception cleared. Seller Comment (2025-04-10): Comment from [REDACTED] ([REDACTED]): Fraud Report |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000070827 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Reviewer Comment (2025-04-10): Accepted as is. |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000070879 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [REDACTED] Percent Fee Tolerance exceeded. Total amount of $[REDACTED]exceeds tolerance of $[REDACTED] plus [REDACTED] % or $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Cure provided at closing. | Reviewer Comment (2025-04-10): Sufficient Cure Provided At Closing |
04/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000070879 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Cure provided at closing. | Reviewer Comment (2025-04-10): Sufficient Cure Provided At Closing |
04/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | PA | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000071017 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Evidence of appraisal acknowledgement not provided in file prior 3 days of closing. | Reviewer Comment (2025-04-10): Accepted as is. |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000071017 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | ATR failure due to lease agreement is missing from file for one of REO property. | Reviewer Comment (2025-04-28): Received, Clearing. Seller Comment (2025-04-28): Comment from [REDACTED] ([REDACTED]): [REDACTED] |
04/28/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000071017 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO 25% Method | Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income ([REDACTED] Method) using reasonably reliable third-party records. | ATR failure due to lease agreement is missing from file for one of REO property. | Reviewer Comment (2025-04-28): Received, Clearing. |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000071017 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | ATR failure due to lease agreement is missing from file for one of REO property. | Reviewer Comment (2025-04-28): Received, Clearing. |
04/28/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000071017 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Lease Agreement is missing from file for this REO property required as per final 1003 to calculate rental income. | Reviewer Comment (2025-05-01): Received. Clearing. Seller Comment (2025-05-01): Comment from [REDACTED] ([REDACTED]): Cover letter , [REDACTED] and [REDACTED]. |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000071017 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | The 1003 reflects [REDACTED] has a new mortgage with [REDACTED] financial closed on [REDACTED] Documentation in the loan file reflects a commitment letter for a commercial loan through [REDACTED], however it is still reporting with an open balance on the credit report. Provide statement for [REDACTED] reflecting this property and provide new statement for [REDACTED]. | Reviewer Comment (2025-05-05): Lease agreement provided, Cleared. Seller Comment (2025-05-05): Comment from [REDACTED]([REDACTED]): [REDACTED] Reviewer Comment (2025-05-01): EXCEPTION HISTORY - Exception Explanation was updated on [REDACTED] PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of [REDACTED]% exceeds Guideline total debt ratio of [REDACTED]%. Reviewer Comment (2025-04-28): EXCEPTION HISTORY - Exception Explanation was updated on [REDACTED] PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of [REDACTED]% exceeds Guideline total debt ratio of [REDACTED]%. |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071017 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay ([REDACTED]): The DTI calculated in accordance with the Lenders Guidelines and 1[REDACTED](c)(5) of [REDACTED]% moderately exceeds the guideline maximum of[REDACTED]%. (DTI Exception is eligible to be regraded with compensating factors.) | Reviewer Comment (2025-04-28): Received, Clearing. |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071017 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The 1003 reflects [REDACTED] has a new mortgage with [REDCATED] closed on [REDACTED]. Documentation in the loan file reflects a commitment letter for a commercial loan through [REDCATED], however it is still reporting with an open balance on the credit report. Provide statement for [REDACTED] reflecting this property and provide new statement for [REDACTED]. | Reviewer Comment (2025-05-05): Please provide new statement providing new PITIA. Exception remains Seller Comment (2025-05-05): Comment from [REDACTED] ([REDACTED]): [REDACTED] |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000071017 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2025-05-05): Updated documentation provided. Cleared |
05/05/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| XXXXXX | 4000071017 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay ([REDACTED]): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [REDACTED] significantly exceeds the guideline maximum of [REDACTED]. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | Reviewer Comment (2025-05-05): Please provide new statement providing new PITIA. Exception remains Seller Comment (2025-05-05): Comment from[REDACTED] ([REDACTED]): document for DTI |
05/05/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| XXXXXX | 4000070599 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Reviewer Comment (2025-04-10): Received Fraud Report. Exception cleared. Seller Comment (2025-04-10): Comment from [REDACTED]([REDACTED]): attached |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000070599 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Reviewer Comment (2025-04-16): Received, Clearing. Seller Comment (2025-04-16): Comment from [REDACTED] ([REDACTED]): attached |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000070599 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | - | Reviewer Comment (2025-04-16): Received, Clearing. Seller Comment (2025-04-16): Comment from [REDACTED] ([REDACTED]): attached |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000067109 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-10): Sufficient Cure Provided At Closing |
04/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000067109 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA/Condo Questionnaire. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-10): Sufficient Cure Provided At Closing |
04/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000071308 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-04-28): Received, Clearing. Seller Comment (2025-04-28): Comment from [REDACTED] ([REDACTED]): CDA Reviewer Comment (2025-04-17): Yes, a CDA post closing will be fine. Buyer Comment (2025-04-17): Comment from [REDACTED] ([REDACTED]): Is it permissible to order a CDA post-closing? Reviewer Comment (2025-04-14): Looking for secondary valuation as CU/LCA scores are not passing scores. Seller Comment (2025-04-14): Comment from [REDACTED] ([REDACTED]): Appraisal |
04/28/2025 | 1 | D | A | D | A | D | A | D | A | D | A | OH | Primary | Purchase | D | A | A | A | A | A | D | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000071308 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Lender Credit Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-11): Sufficient Cure Provided At Closing |
04/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Purchase | D | A | A | A | A | A | D | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000071308 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-11): Sufficient Cure Provided At Closing |
04/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Purchase | Final CD evidences Cure | D | A | A | A | A | A | D | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000069279 | XXXXXX | XXXXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2025-04-14): Received E-Sign Consent Agreement. Exception cleared. Seller Comment (2025-04-11): Comment from [REDACTED]: Please see attached e consent |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000069279 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant [REDACTED] business days prior to consummation. | Reviewer Comment (2025-04-11): Client elects to waive |
04/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071485 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | Misc. State Level | Maryland Counseling Agencies Disclosure Not in File | Maryland HB1399 - No evidence of required counseling disclosure language per Maryland HB 1399. | Reviewer Comment (2025-04-14): Accepted as is. |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071485 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) | Maryland Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. | Reviewer Comment (2025-04-14): Accepted as is. |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071485 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | Maryland HPML Threshold Test Non-Compliant | [REDACTED] Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED] % or Final Disclosure APR of [REDACTED] % is equal to or greater than the threshold of APOR [REDACTED] % + [REDACTED] %, or [REDACTED]%. Non-Compliant Higher Priced Loan. | Reviewer Comment (2025-04-14): Accepted as is. |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071485 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Gift letter states gift was wired directly to Closing Agent. Need the wire confirmation receipt. | Reviewer Comment (2025-04-15): Received, Clearing. Seller Comment (2025-04-15): Comment from [REDACTED] ([REDACTED]): Please see attached |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000066641 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Legal Description not provided | The file was missing a copy of Legal Description | Reviewer Comment (2025-04-15): Legal description included in the SI Buyer Comment (2025-04-15): Comment from [REDACTED] ([REDACTED]): The legal description is showing on the Deed of Trust, please review again. |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000066298 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Legal Description not provided | Legal description is missing. | Reviewer Comment (2025-04-15): Legal description included in the SI Buyer Comment (2025-04-15): Comment from [REDACTED] ([REDACTED]): The legal description is showing on the Deed of Trust, please review again. |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000068872 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | Misc. State Level | (TX50(a)(6)) Texas Cash-out Loan (T-42 Endorsement Not Obtained) | Texas Constitution Section 50(a)(6): Acceptable FNMA title insurance endorsements not obtained for home equity loan. Although the loan file contains the T-42 Endorsement, there is no evidence the Title Policy includes the Texas T-42.1 endorsement. (The loan is a Texas Section 50 (a)(6) home equity loan.) | Acceptable FNMA title insurance endorsements not obtained for home equity loan. Although the loan file contains the T-42 Endorsement, there is no evidence the Title Policy includes the Texas T-42.1 endorsement. | Reviewer Comment (2025-04-14): Client elects to waive |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000068872 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[REDACTED] exceeds tolerance of $[REDACTED] plus [REDACTED] % or $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Closing services fee in the amount of $[REDACTED] was added after the initial LE without a valid change of circumstance | Reviewer Comment (2025-04-14): Sufficient Cure Provided At Closing |
04/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 6000095002 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | All the units XXXX has expired but had month-to-month verbiage as required and were used for qualifying. No LTV reduction required Unit XXXX Increased from [REDACTED] Rent Amount $[REDACTED] Unit XXXX Increased from [REDACTED] Rent Amount $[REDACTED] Unit XXXX Increased from [REDACTED] Rent Amount $[REDACTED] Unit XXXX Increased from [REDACTED] Rent Amount $[REDACTED] DSCR calculation. DSCR : [REDACTED]= [REDACTED]vs Lender DSCR [REDACTED] [REDACTED]months deposit receipt are missing for all units. |
Reviewer Comment (2025-04-03): Received 2 Month Bank statement confirming Deposit from XXXX Real estate Which property management company. Deposit are more than Lease amount of all [REDACTED]. Additionally File have Property management which confirm rental pay history. Exception Cleared Buyer Comment (2025-04-03): bank statements Reviewer Comment (2025-03-28): As per Guideline Rental Income must be deposited in to Borrower's Bank statement as provided document is Property Ledger statement. Require 2 Months Rental Deposit in to borrower's Bank account. Exception Remains Buyer Comment (2025-03-28): per lender: Can you please advise if you are asking for the [REDACTED] rental payment proof? I already provided [REDACTED], [REDACTED], and [REDACTED] payments history. Please advise. Reviewer Comment (2025-03-27): Noted. Received Payment history for [REDACTED],[REDACTED] and [REDACTED] from Property management however as per guide, a current lease must be supported with two most recent bank statements showing consecutive rental payments. Therefore rental deposit reflecting on the recent 2 months bank statement is required. Exception Remains. Buyer Comment (2025-03-27): per lender: Please review the rental income deposits bank statements. The total rental income is $[REDACTED] $[REDACTED] $[REDACTED] $[REDACTED] = $[REDACTED]. |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| XXXXXX | 6000095002 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | DSCR Calculation Worksheet is missing. | Reviewer Comment (2025-03-28): DSCR Calculation received Buyer Comment (2025-03-28): updated [REDACTED] with calculation |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000069267 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-04-14): Client elects to waive |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Second Home | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000069267 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TILA | Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application | Truth in Lending Act (NMLSR [REDACTED]): Individual Loan Originator not NMLS licensed or registered at time of application. | Individual Loan Originator not NMLS licensed or registered at time of application. | Reviewer Comment (2025-04-18): Received, Clearing. Seller Comment (2025-04-18): Comment from [REDACTED] ([REDACTED]): Loan Originator has been authorized to do business since [REDACTED] |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Second Home | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000069267 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Missing Signature on Affiliated Business Arrangement Disclosure | RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. | Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. | Reviewer Comment (2025-04-14): Client elects to waive |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Second Home | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000069267 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Issue and Received Date > Closing Disclosure Issue and Received Date | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.) | Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. | Reviewer Comment (2025-04-25): [REDACTED] received lender attestation and disclosure tracking confirming initial cd issue date is[REDACTED] and typo was on issue date. Seller Comment (2025-04-24): Comment from [REDACTED] ([REDACTED]): Explanation Reviewer Comment (2025-04-21): [REDACTED] received disclosure tracking for [REDACTED] & [REDACTED] LE's. However, the issue relates to the Initial CD issued prior to both the LE's. See Doc ID #[REDACTED], which CD was issued [REDACTED]. Seller Comment (2025-04-18): Comment from [REDACTED] ([REDACTED]): Revised LE was issued to borrower on [REDACTED] ICD was issued [REDACTED] |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Second Home | Purchase | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000069267 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Issue and Received Date > Closing Disclosure Issue and Received Date | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.) | Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. | Reviewer Comment (2025-04-25): [REDACTED] received lender attestation and disclosure tracking confirming initial cd issue date is [REDACTED] and typo was on issue date. Seller Comment (2025-04-24): Comment from [REDACTED] ([REDACTED]): Explanation Reviewer Comment (2025-04-21): [REDACTED] received disclosure tracking for [REDACTED] & [REDACTED] LE's. However, the issue relates to the Initial CD issued prior to both the LE's. See Doc ID #[REDACTED], which CD was issued [REDACTED]. Seller Comment (2025-04-18): Comment from [REDACTED] ([REDACTED]): Revised LE was issued [REDACTED] ICD was issued [REDACTED] |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Second Home | Purchase | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000070054 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | Massachusetts Home Loan - Borrower's Interest Tangible Net Benefit Worksheet Not in File | Massachusetts Home Loan: No evidence in loan file of document or worksheet indicating how the lender determined that the home loan is in the borrower's interest. | No evidence in loan file of document or worksheet indicating how the lender determined that the home loan is in the borrower's interest. | Reviewer Comment (2025-05-07): Received, Clearing. Seller Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): [REDACTED] Please see attached Reviewer Comment (2025-04-18): No date that it was provided is on the form. Seller Comment (2025-04-18): Comment from [REDACTED] ([REDACTED]): [REDACTED] Please see attached Net Tangible Benefit Decision |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070083 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-04-15): Accepted as is. |
04/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000070083 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [REDACTED], Most Recent Tax Return End Date [REDACTED], Tax Return Due Date [REDACTED]. | Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [REDACTED], Most Recent Tax Return End Date [REDACTED], Tax Return Due Date [REDACTED]. | Reviewer Comment (2025-04-15): Accepted as is. |
04/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000070083 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Self-Employed Tax Return Recency - QM | General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [REDACTED], Most Recent Tax Return End Date [REDACTED], Tax Return Due Date [REDACTED]. | The business or personal tax returns provided are not the most recent. Application Date [REDACTED], Most Recent Tax Return End Date [REDACTED], Tax Return Due Date [REDACTED]. | Reviewer Comment (2025-04-15): Accepted as is. |
04/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000070083 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [REDACTED] exceeds tolerance of [REDACTED]. Insufficient or no cure was provided to the borrower. | No cure was provided. | Reviewer Comment (2025-04-28): [REDACTED] received LOE with reason supporting COC dated [REDACTED]. Seller Comment (2025-04-25): Comment from[REDACTED] ([REDACTED]): COC provided - No cure should be required Reviewer Comment (2025-04-21): [REDACTED] Received Commentary on the exception stating "Actual settlement statement from Title company received [REDACTED]" is not valid reason. 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 (2025-04-18): Comment from [REDACTED] ([REDACTED]): Actual settlement statement from Title company received [REDACTED]. An updated LE with the transfer tax was sent to the borrower on [REDACTED] Our automated LEs are sent with a standard format of COC which mentions "Borrower requested change in loan terms", or "New information unknown at time of original LE" The COC format we send is CFPB approved and does not raise any compliance issue. To clear investor conditions, we do provide a detailed explanation of the change of circumstance due to which any fees were classified as added or increased. Thus, we would request XXXXX XXX to accept our explanation as a valid COC for increased fee on LE. |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | 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 | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| XXXXXX | 4000070072 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-04-15): Accepted as is. |
04/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000071870 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [REDACTED] Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | The was no change of circumstance or cure provided for the $[REDACTED]desk review fee. | Reviewer Comment (2025-04-29): [REDACTED] received a valid COC. Buyer Comment (2025-04-28): Comment from [REDACTED] ([REDACTED]): The Appraisal was received [REDACTED] and per the risk score and product guidelines a CDA was required Reviewer Comment (2025-04-24): [REDACTED] Received COC dated [REDACTED] along with LOE; however, provided LOE does not provide sufficient information what impacts and why the UW requested additional inspection. 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 (2025-04-22): Comment from [REDACTED] ([REDACTED]): cic le |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Second Home | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000071870 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | [REDACTED], [REDACTED] , HOA document and mortgage statement are not provided. | Reviewer Comment (2025-04-23): Received Statement and HOA verification. Exception cleared. Seller Comment (2025-04-22): Comment from [REDACTED] ([REDACTED]): reo |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000071870 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | The file did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED]% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost, the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED]. | Reviewer Comment (2025-05-01): Received Replacement Cost Estimator. Exception cleared Seller Comment (2025-05-01): Comment from [REDACTED] ([REDACTED]): rce Reviewer Comment (2025-04-25): When there is no appraisal cost new listed or an RCE then the appraisal amount is used which is $[REDACTED] times [REDACTED] which is $[REDACTED]. $[REDACTED] - $[REDACTED] in coverage = $[REDACTED] in shortage. Buyer Comment (2025-04-25): Comment from [REDACTED] ([REDACTED]): please see below from UW Manager: Can you ask them to provide you with their calculation? I can't figure out how they came up with it being insufficient by $[REDACTED]. |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071870 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Approval is missing. | Reviewer Comment (2025-04-25): Received, Clearing. Seller Comment (2025-04-25): Comment from [REDACTED] ([REDACTED]): [REDACTED] |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000069334 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ( [REDACTED]): Creditor did not provide a copy of each valuation to applicant three ( [REDACTED]) business days prior to consummation. | Appraisal Receipt Confirmation document not provided. | Reviewer Comment (2025-04-16): Accepted as is. |
04/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072709 | XXXXXX | XXXXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 | Note Date: ___; Lien Position: ___ | Form 1004 provided in file along with the CDA that supports the Appraised Value of $[REDACTED] | Reviewer Comment (2025-04-16): Accepted as is. |
04/16/2025 | 2 | A | A | A | A | A | A | A | A | B | B | FL | Investment | Purchase | C | B | C | A | B | B | B | B | N/A | No | |||||||||||
| XXXXXX | 4000072709 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: AUS not provided | Loan was locked as agency conforming loan however the AUS was not provided in the initial loan package | Reviewer Comment (2025-04-18): Received, Clearing. Seller Comment (2025-04-18): Comment from [REDACTED] ([REDACTED]): AUS |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | A | B | B | B | B | N/A | No | ||||||||||||
| XXXXXX | 4000072709 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-04-16): Accepted as is. |
04/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | C | A | B | B | B | B | N/A | No | ||||||||||||
| XXXXXX | 4000072709 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Income / Employment | The verification of employment is required and was not found in file. | - | The verification of employment is required for employer XXXXXX XXXXX but was not provided in file. | Reviewer Comment (2025-05-08): Received, Clearing. Seller Comment (2025-05-08): Comment from [REDACTED] ([REDACTED]): Please see attached screenshot from DU results. Selling Guide allows for use of bank statements dated within [REDACTED] of the Note showing payment. Please also see attached highlight of bank statement dated within 15 days of closing showing payroll deposit in line with previously provide paystubs. Please cancel this condition. Reviewer Comment (2025-05-07): Per FNMA: The verbal VOE must be obtained within [REDACTED] business days prior to the note date for employment income. Buyer Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): Please provide guideline stating 3rd party verification is required. Unable to locate overlay and DU Case File ID [REDACTED] Submission #3 Item 15 outlines paystub and w2 requirement for initial verification of employment and Item [REDACTED] outlines using bank statement dated within [REDACTED] prior to Note. Reviewer Comment (2025-05-06): Third Party Verification of Employment required per guidelines. Exception remains. Buyer Comment (2025-05-06): Comment from [REDACTED] ([REDACTED]): Please see pgs [REDACTED] for paystubs dated within [REDACTED] prior to application, and [REDACTED] for W2s to verify employment with [REDACTED], as well as transaction history on pg [REDACTED] showing deposit from [REDACTED] dated [REDACTED] which is within the [REDACTED] prior to Note date. |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | A | B | B | B | B | N/A | No | |||||||||||
| XXXXXX | 4000072709 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing third party verification of schedule C business | Reviewer Comment (2025-05-02): Provided. Cleared. Buyer Comment (2025-05-02): Comment from [REDACTED] ([REDACTED]): Please see pg [REDACTED] of full loan package for 3rd party verif of schedule c business. |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | A | B | B | B | B | N/A | No | |||||||||||
| XXXXXX | 4000072709 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File must contain a DU "Approve/Eligible" or LP "Accept/Eligible" result for the Agency Investor/2nd Home Program | Reviewer Comment (2025-04-25): Received, Clearing. Seller Comment (2025-04-25): Comment from [REDACTED] ([REDACTED]): DU |
04/25/2025 | 1 | A | A | A | A | A | FL | Investment | Purchase | C | B | C | A | B | B | B | B | N/A | No | |||||||||||||||||
| XXXXXX | 4000060362 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Reviewer Comment (2025-04-16): Accepted as is. |
04/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000069848 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy amount is blank. A Final policy was not provided. | Reviewer Comment (2025-04-16): Accepted as is. |
04/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000069848 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender to provide documentation to support the other payment in the housing history for $[REDACTED]. | Reviewer Comment (2025-04-17): Received, Clearing. Seller Comment (2025-04-17): Comment from [REDACTED] ([REDACTED]): [REDACTED]: Please see supplemental insurance policy that is in the amount of $[REDACTED] annually which is [REDACTED] |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072390 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-04-16): Accepted as is. |
04/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000068328 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-04-16): Accepted as is. |
04/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | KY | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000070293 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-16): Sufficient Cure Provided At Closing |
04/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000070293 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing currently listed or signed letter of intent from Borrower indicating they intend to list the departure residence for sale within ninety (90) days of closing on subject transaction, as required per guidelines. | Reviewer Comment (2025-04-17): Received signed letter of intent from Borrower indicating they intend to list the departure residence for sale within [REDACTED] of closing. Exception cleared. Seller Comment (2025-04-17): Comment from [REDACTED] ([REDACTED]): attached |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070293 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing Vesting Schedule for RSU income, as required per guidelines. The Vesting Schedule must indicate the income will continue for a minimum of three (3) years at a similar level to the prior two (2) years. | Reviewer Comment (2025-04-18): Received Vesting Schedule. Exception cleared. Seller Comment (2025-04-17): Comment from [REDACTED] ([REDACTED]): Vesting Schedule and lox for location attached |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070470 | XXXXXX | XXXXXX | Credit | Asset | Asset Documentation | Asset | The Earnest Money Deposit is unsourced. Please provide source documentation for the Earnest Money Deposit. | - | The Earnest Money Deposit source document is missing. | Reviewer Comment (2025-04-21): Sufficient funds/reserves verified without EMD Seller Comment (2025-04-18): Comment from [REDACTED] ([REDACTED]): LOE for EMD source not required |
04/21/2025 | 1 | D | A | D | A | D | A | D | A | D | A | GA | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000070343 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. 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 (2025-04-17): Accepted as is. |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070830 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/[REDACTED]) | Reviewer Comment (2025-04-16): Accepted as is. |
04/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000070830 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Secondary/[REDACTED]) | Reviewer Comment (2025-04-16): Accepted as is. |
04/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000070830 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [REDACTED] exceeds tolerance of [REDACTED] plus [REDACTED] or[REDACTED] Insufficient or no cure was provided to the borrower. | Ten Percent Fee Tolerance exceeded. Total amount of [REDACTED] exceeds tolerance of [REDACTED] plus [REDACTED] or [REDACTED]. Insufficient or no cure was provided to the borrower. (0) | Reviewer Comment (2025-05-28): [REDACTED] received LOE for AOL fee and title insurance fee. Seller Comment (2025-05-27): Comment from [REDACTED]([REDACTED]): Please see attached Reviewer Comment (2025-05-22): [REDACTED] received COC rebuttal that fees are under 0% tolerance and company is partner title company but there is no information in affiliate business disclosures. Since the title company is selected from SSPL fees are falling under [REDACTED] tolerance. Since the title - lenders title insurance fee is not disclosed on ILE and later charged on final CD the 10% fees exceeds the tolerance limit by $[REDACTED]. Please provide information as to what changed circumstance occurred (as defined under [REDACTED] that resulted in an increase in closing costs. Buyer Comment (2025-05-21): Comment from [REDACTED] ([REDACTED]): The cure is not applicable since the file comes under zero percent tolerance as the title company is our partnered title company. In ILE title company as[REDACTED] which was changed to[REDACTED] on redisclosure-package-0 dated [REDACTED]. The cure should be calculated as per redisclosure-package-0 which is zero. |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | 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 | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| XXXXXX | 4000068047 | XXXXXX | XXXXXX | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | The Borrower's previous housing payment history is required. The file must contain verification of the Borrower's 12-month payment history on the subject property and the borrowers primary only. The file is missing a complete 12 month payment history on the primary residence. Only 9 months on the credit report |
Reviewer Comment (2025-04-18): Received, cleared Seller Comment (2025-04-18): Comment from [REDACTED] ([REDACTED]): [REDACTED]: Please see that the previous mortgage on the borrower's primary residence was a private mortgage. Attached is the note for the property, along with the [REDACTED] through[REDACTED] payments made. The loan was paid off with the UWM refinance in [REDACTED], as seen on the final CD. |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000068949 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Reviewer Comment (2025-04-21): Flood cert received Seller Comment (2025-04-21): Comment from [REDACTED] ([REDACTED]): Flood Cert |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000072009 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-04-17): Accepted as is. |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072009 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | All mortgage payments in the prior 12 months must be verified paid as agreed | Reviewer Comment (2025-05-07): Previous mortgage history on investment property provided on credit report Seller Comment (2025-04-30): Comment from [REDACTED] ([REDACTED]): Borrower closed an Equity line of credit attached. What do we need to get for you. There is no history at the time of closing. |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000070358 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | Misc. State Level | Maryland Counseling Agencies Disclosure Not in File | [REDACTED] HB1399 - No evidence of required counseling disclosure language per [REDACTED] HB 1399. | No evidence of required counseling disclosure language per Maryland HB 1399. | Reviewer Comment (2025-04-17): Accepted as is. |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070358 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost Disclosure) Maryland Covered Loan (Counseling Disclosure Not Provided) | [REDACTED]Covered Loan: Home Counseling Disclosure to provide home buyer education was not provided to borrower. | Home Counseling Disclosure to provide home buyer education was not provided to borrower. | Reviewer Comment (2025-05-08): Received signed counseling disclosure Seller Comment (2025-05-08): Comment from [REDACTED] ([REDACTED]): [REDACTED] - important notice regarding housing counseling Reviewer Comment (2025-04-29): Not sure how LOE relates to this exception. Seller Comment (2025-04-29): Comment from [REDACTED] ([REDACTED]): loe Reviewer Comment (2025-04-22): Please explain what you are trying to explain with the documents provided. We have already received all the CDs and COC that was provided and the Fees still exceed Maryland Points and Fees. Seller Comment (2025-04-22): Comment from [REDACTED] ([REDACTED]): home counselling disclosure and list |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070358 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) | Maryland Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. | Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. | Reviewer Comment (2025-04-17): Accepted as is. |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070358 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | Maryland HPML Threshold Test Non-Compliant | [REDACTED]Higher-Priced Mortgage Loan: APR on subject loan of[REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR[REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant Higher Priced Loan. | Reviewer Comment (2025-04-17): Accepted as is. |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000070358 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (State High Cost) Maryland Covered Loan (Points and Fees) | Maryland Predatory Lending Law: Points and Fees on subject loan of [REDACTED]% is in excess of the allowable maximum of [REDACTED]% of the Total Loan Amount. Points and Fees total $[REDACTED] on a Total Loan Amount of $[REDACTED] vs. an allowable total of $[REDACTED] (an overage of $[REDACTED] or .[REDACTED]%). Non-Compliant High Cost Loan. | Reviewer Comment (2025-05-14): Received undiscounted interest rate and price Seller Comment (2025-05-14): Comment from [REDACTED] ([REDACTED]): Please see attached corrected [REDACTED]. Someone inadvertently changed the discount point tool. If you look at the Starting Adjusted Rate and Undiscounted Rate on the initial [REDACTED] provided they don't make any sense. The attached has the corrected Starting Adjusted Rate and Undiscounted Rate and shows [REDACTED]% of the discount should be excluded putting us under the tolerance. Reviewer Comment (2025-04-22): Please explain what you are trying to explain with the documents provided. We have already received all the CDs and COC that was provided and the Fees still exceed Maryland Points and Fees. Seller Comment (2025-04-22): Comment from [REDACTED] ([REDACTED]): CD AND COC - POINT FEES |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | No obvious cure | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070358 | XXXXXX | XXXXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | The file was missing a copy of E-sign Consent Agreement | Reviewer Comment (2025-04-22): Received, Clearing. Seller Comment (2025-04-22): Comment from [REDACTED] ([REDACTED].): e - consent |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072427 | XXXXXX | XXXXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | AUS Findings: Investor qualifying total debt ratio discrepancy. | It appears the primary housing payment was not included in the AUS run. The 1008 reflects [REDACTED] %, provide matching AUS approval | Reviewer Comment (2025-04-23): Revised AUS provided. Cleared. Seller Comment (2025-04-23): Comment from[REDACTED] ([REDACTED]): 1008 & AUS |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000071215 | XXXXXX | XXXXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Missing evidence POC fees paid outside of closing. Provide paid invoice for appraisal and credit reports. | Reviewer Comment (2025-04-21): Received Invoice for [REDACTED] amount included in assets. Available for Closing is sufficient to cover Cash From Borrower. Exception cleared. Seller Comment (2025-04-18): Comment from [REDACTED]: ([REDACTED]): Hello, please see attached |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071215 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule ( [REDACTED]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-04-18): Accepted as is. |
04/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071956 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $0.00 exceeds tolerance of $-[REDACTED]. Insufficient or no cure was provided to the borrower. | No cure provided. | Reviewer Comment (2025-05-02): [REDACTED] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Seller Comment (2025-05-01): Comment from [REDACTED] ([REDACTED]): Please see attached Reviewer Comment (2025-04-23): [REDACTED]: The COC dated [REDACTED] that was provided in the trailing images was also provided in the original loan package. However, the Lender credit decrease of [REDACTED]from [REDACTED] on CD dated [REDACTED] prior to the COC dated [REDACTED], for which we don't have a valid COC to re-baseline this exception. If there was an additional reason the fee was decreased, we will need the additional information otherwise a corrected CD, LOE, refund check, and proof of mailing is needed to cure. Seller Comment (2025-04-22): Comment from[REDACTED] ([REDACTED]): COC |
05/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | 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 | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000071956 | XXXXXX | XXXXXX | 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 [REDACTED]incorrectly disclosed whether the loan will have an escrow account. | The final closing disclosure did not indicate the reason for not having an escrow account. | Reviewer Comment (2025-05-02): [REDACTED] received Letter of Explanation & Corrected Closing Disclosure. Seller Comment (2025-05-01): Comment from [REDACTED] ([REDACTED]): Please see attached |
05/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000071956 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[REDACTED] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of [REDACTED] is over disclosed by [REDACTED] compared to the calculated Amount Financed of[REDACTED] 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[REDACTED]). | The disclosed Amount Financed in the amount of [REDACTED] is over disclosed by [REDACTED] compared to the calculated Amount Financed of [REDACTED] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate. | Reviewer Comment (2025-05-02): [REDACTED] received PCCD, LOE, Copy of Refund Check and Proof of Mailing. Seller Comment (2025-05-01): Comment from [REDACTED] ([REDACTED]): Please see attached |
05/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | 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 | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000071956 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED]disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[REDACTED] is under disclosed by $[REDACTED] compared to the calculated Finance Charge of $[REDACTED] which exceeds the $[REDACTED] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [REDACTED]). | The disclosed Finance Charge in the amount of $[REDACTED] is under disclosed by $[REDACTED] compared to the calculated Finance Charge of $[REDACTED] which exceeds the $[REDACTED] threshold | Reviewer Comment (2025-05-02): [REDACTED] received PCCD, LOE, Copy of Refund Check and Proof of Mailing. Seller Comment (2025-05-01): Comment from [REDACTED] ([REDACTED]): Please see attached |
05/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | 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 | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000071956 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-04-18): Accepted as is. |
04/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000071956 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [REDACTED] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED] Insufficient or no cure was provided to the borrower. | [REDACTED] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED] Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-02): COC on file for increase in discount points |
05/02/2025 | 1 | A | A | A | A | A | CA | 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 | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| XXXXXX | 4000071956 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TILA | TILA Extended Rescission: Inaccurate material disclosures provided to borrower at consummation on a rescindable transaction resulting in extended rescission rights (3 years from consummation). Re-disclosure of accurate material disclosures, LOE, re-opening of rescission and proof of delivery required. | This is a material exception on a rescindable transaction and requires reopening of rescission and proof of delivery of RTC to complete cure. Further, the RTC must allow the borrower three days to cancel the transaction from date of delivery. | Reviewer Comment (2025-05-06): Received, Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct notice of rescission model form. Seller Comment (2025-05-06): Comment from [REDACTED]([REDACTED]): Please see attached. |
05/06/2025 | 2 | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct notice of rescission model form | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| XXXXXX | 4000070453 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within CA and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-04-18): Accepted as is. |
04/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000070453 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [REDACTED] exceeds tolerance of [REDACTED] plus [REDACTED] or [REDACTED]. Insufficient or no cure was provided to the borrower. | No cure was provided. | Reviewer Comment (2025-04-22): [REDACTED] received documentation of charges, PCCD and Final Settlement Statement. Seller Comment (2025-04-22): Comment from [REDACTED] ([REDACTED]): Please see attached FSS and PCCD showing recording fees total only $[REDACTED] Please help clear the condition. Thank you. |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000072716 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-04-23): Received CDA hence exception cleared. Seller Comment (2025-04-23): Comment from [REDACTED] ([REDACTED]): CDA attached |
04/23/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | N/A | No | |||||||||||||
| XXXXXX | 4000073864 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[REDACTED] exceeds tolerance of $[REDACTED] plus [REDACTED]% or $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | No cure was provided to the borrower . | Reviewer Comment (2025-04-18): Sufficient Cure Provided At Closing |
04/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Purchase | Final CD evidences Cure | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| XXXXXX | 4000073864 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided within Three Days of Application) | [REDACTED] Subprime Loan: Counseling Disclosure not provided to borrower within three days of application. | Counseling Disclosure not provided to borrower within three days of application. | Reviewer Comment (2025-04-18): Accepted as is. |
04/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | No obvious cure | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| XXXXXX | 4000073864 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) New York Subprime Loan (Provision Increasing Rate After Default) | [REDACTED] Subprime Loan: Mortgage loan contains a provision that increases interest rate after default. | Mortgage loan contains a provision that increases interest rate after default. | Reviewer Comment (2025-04-18): Accepted as is. |
04/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, modification of loan terms to remove the provision to increase the interest rate after default and proof of mailing. | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| XXXXXX | 4000073864 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) New York Subprime Loan (Escrow Not Established) | [REDACTED] Subprime Loan: Mandatory escrow account not established for the collection of property taxes and insurance. (Note: Does not apply to a subordinate lien when the taxes and insurance are escrowed through another home loan. It also does not apply if the borrower can demonstrate a record of [REDACTED]months of timely payments of taxes and insurance on a previous home loan.) | Mandatory escrow account not established for the collection of property taxes and insurance. (Note: Does not apply to a subordinate lien when the taxes and insurance are escrowed through another home loan. | Reviewer Comment (2025-04-18): Accepted as is. |
04/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| XXXXXX | 4000073864 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Fixed Non-Compliant | New York Subprime Loan: APR on subject loan of [REDACTED]% or Final Disclosure APR of[REDACTED]% is in excess of allowable threshold of Prime Mortgage Market Rate [REDACTED] + [REDACTED]%, or [REDACTED]%. Non-Compliant SubPrime Loan. | APR on subject loan of[REDACTED]% or Final Disclosure APR of [REDACTED]% is in excess of allowable threshold of Prime Mortgage Market Rate [REDACTED] + [REDACTED]%, or [REDACTED]%. Non-Compliant SubPrime Loan. | Reviewer Comment (2025-04-18): Accepted as is. |
04/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | 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 | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| XXXXXX | 4000073864 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Verification(s) of employment is not within [REDACTED] business days of the Note. | Reviewer Comment (2025-04-21): Received Verification(s) of employment is within [REDACTED] of the Note. Exception cleared. Seller Comment (2025-04-21): Comment from [REDACTED] ([REDACTED]): PLease see attached |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| XXXXXX | 4000069952 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-04-18): Accepted as is. |
04/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071345 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within CA and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-04-18): Client elects to waive |
04/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071345 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-04-18): Sufficient Cure Provided within [REDACTED] of Closing |
04/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | 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) | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000071345 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-04-18): Sufficient Cure Provided within [REDACTED] of Closing |
04/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | 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) | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000070297 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Incomplete Document: Note - Subject Lien is incomplete | Incomplete Note document provided. Note document sign page is missing. | Reviewer Comment (2025-04-23): Received, Clearing. Buyer Comment (2025-04-21): Comment from [REDACTED] ([REDACTED]): NOTE was uploaded Friday [REDACTED] and is showing cleared - Duplicate condition |
04/23/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000070297 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule ([REDACTED]): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | The appraisal was not provided to the borrower within 3 business days of the note date. | Reviewer Comment (2025-04-21): Waived per client request |
04/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000070297 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | The file did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED] % of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost, the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED] | Reviewer Comment (2025-04-22): Received Replacement Cost Estimator. Exception cleared. Seller Comment (2025-04-21): Comment from [REDACTED] ([REDACTED]): HOI RCE |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000070297 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Flood Certificate is missing | Reviewer Comment (2025-04-22): Received Flood Certificate. Exception cleared. Seller Comment (2025-04-21): Comment from [REDACTED] ([REDACTED]): Flood Cert |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000070297 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | Security instrument is missing in file. | Reviewer Comment (2025-04-23): Received Security Instrument - Subject Lien hence exception cleared. Buyer Comment (2025-04-23): Comment from [REDACTED]: DOT - Security Instrument was uploaded [REDACTED] and cleared on another condition which was for this lien - are you looking for something different Reviewer Comment (2025-04-22): Please provide Security instrument for subject property. Exception remains. Buyer Comment (2025-04-21): Comment from [REDACTED] ([REDACTED]): Duplicate condition on loan - Deed of Trust on other condition |
04/23/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000070297 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | 1007 Rent Comparison Schedule is missing in file. | Reviewer Comment (2025-04-28): Clearing. Buyer Comment (2025-04-28): Comment from [REDACTED] ([REDACTED]): Per UW - we are not using any rental income to qualify |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000070297 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Certificate of Good Standing missing. | Reviewer Comment (2025-04-28): Received, Clearing. Seller Comment (2025-04-28): Comment from [REDACTED]: Good Standings |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000070297 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Operating agreement is missing. | Reviewer Comment (2025-04-28): Received, Clearing. Seller Comment (2025-04-28): Comment from [REDACTED] ([REDACTED]): operating agreement Reviewer Comment (2025-04-28): Operating Agreement is a required document per guidelines so exception rom the buyer of the loan would be needed. Seller Comment (2025-04-28): Comment from [REDACTED] ([REDACTED]): Per UW = they don't have operating agreement but they have Articles of Inc |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000070297 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | EIN is missing. | Reviewer Comment (2025-04-28): Received, Clearing. Seller Comment (2025-04-28): Comment from [REDACTED] ([REDACTED]): EIN |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000069775 | XXXXXX | XXXXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower does not have the minimum active tradelines per guidelines. | The file contains a conditioned exception approval for loan not meeting tradeline requirements. A detailed letter of explanation regarding the occupancy change from primary to rental of previous primary residence is missing. | Reviewer Comment (2025-04-23): Detailed explanation letter received regarding the occupancy change from primary to rental of previous primary residence. Exception cleared. Seller Comment (2025-04-23): Comment from [REDACTED]: ([REDACTED].): LOE REGARDING OCCUPANCY CHANGE Reviewer Comment (2025-04-22): Were looking for a detailed letter of explanation regarding the occupancy change from primary to rental of previous primary residence that is required as part of exception approval. Seller Comment (2025-04-21): Comment from Purchasing Team [REDACTED].): EXCEPTION FORM PROVIDED |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071507 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | The file is missing a copy of the Business Purpose Certificate. | Reviewer Comment (2025-04-23): Business Purpose Certificate document is received hence Exception Cleared. Seller Comment (2025-04-23): Comment from Purchasing Team ([REDACTED]): BUSINESS PURPOSE CERT |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Investment | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000071507 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability to Repay – Bank Statement Guidelines Require 12 or more Months | Ability to Repay (Dodd-Frank 2014): Guidelines require [REDACTED] or more consecutive months bank statements. | Reviewer Comment (2025-05-05): Received, Clearing. |
05/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | OR | Investment | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000071507 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | No cure was provided | Reviewer Comment (2025-05-05): [REDACTED] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Seller Comment (2025-05-01): Comment from Purchasing Team ([REDACTED]): COPY OF REFUND CHECK / LOE / XXXXSLIP / PCCD |
05/05/2025 | 2 | C | B | C | B | C | B | C | B | C | B | OR | Investment | 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 | C | B | C | B | A | A | N/A | N/A | Yes | |||||||||
| XXXXXX | 4000071507 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Missing 12 mos. Mortgage History for [REDCATED] REO | Reviewer Comment (2025-04-24): Received, Clearing. Seller Comment (2025-04-24): Comment from Purchasing Team ([REDACTED]): MORTGAGE HISTORY FOR PRIMARY RESIDENCE Reviewer Comment (2025-04-22): Please provide mortgage history for primary residence with [REDACTED], as per [REDACTED]. Exception remains. Buyer Comment (2025-04-22): Comment from Purchasing Team ([REDACTED]): Hello. Can you please specify what specifically is needed. The subject property was free and clear and borrower did a cash-out refi to put the money down on a new purchase loan with [REDACTED] that closed simultaneously with the subject , so there is no mortgage history. |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Investment | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000071507 | XXXXXX | XXXXXX | Credit | Credit | Credit Calculation / Analysis | Credit | Guideline Issue: Insufficient tradelines per credit guidelines | 0 trade lines < 2 minimum requirement per guidelines. | Borrower has been employed in the same industry for more than [REDACTED] years. Borrower has owned the subject property for at least 5 years. Borrower has verified disposable income of at least $[REDACTED]. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED]. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [REDACTED]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [REDACTED] points. |
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Reviewer Comment (2025-04-21): Client elected to waive/regrade with compensating factors. Lender exception provided. |
04/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Investment | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | N/A | N/A | No | |||||||||
| XXXXXX | 4000067844 | XXXXXX | XXXXXX | Credit | Credit | Credit Eligibility | Guideline | Public Record Issue: | - | Charge off accounts on credit over $[REDACTED] must be paid in entirety. | Reviewer Comment (2025-04-21): Waived per client request |
04/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000067844 | XXXXXX | XXXXXX | Credit | Credit | Public Records | Credit | Public Records/Collections/Charge Off does not meet guidelines. | Charge off accounts on credit over $[REDACTED]must be paid in full per guidelines | Reviewer Comment (2025-05-14): Charge off has been paid per updated credit report Buyer Comment (2025-05-14): Comment from [REDACTED]: [REDACTED]: The new credit report does not show the name of [REDACTED] but it is now called [REDACTED]. these are the same accounts due to them having same acct # & open date. Reviewer Comment (2025-05-12): Documentation provided does not show proof of Charge Off with the [REDACTED] as paid. Exception remains. Seller Comment (2025-05-12): Comment from [REDACTED]: [REDACTED]: Please see updated credit report that shows the charge off account has been been paid in full. Reviewer Comment (2025-05-07): Nothing came through with exception. Buyer Comment (2025-05-07): Comment from [REDACTED]: [REDACTED]: Please see updated credit report that shows the charge off account has been been paid in full. |
05/14/2025 | 1 | A | A | A | A | A | VA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||||||
| XXXXXX | 4000072408 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | The guidelines require rent loss insurance of at least [REDACTED] months of local average monthly rents. The rent loss coverage on the policy is unspecified. | Reviewer Comment (2025-04-22): Received, Clearing. Seller Comment (2025-04-22): Comment from [REDACTED]Team ([REDACTED].): RENT LOSS INSURANCE LOE |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NM | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000068944 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized, and was originated with an Appraisal Waiver. The supporting secondary valuation is missing. Sec ID: 36 | Reviewer Comment (2025-05-28): Received AVM. Exception cleared. Seller Comment (2025-05-27): Comment from [REDACTED] ([REDACTED]): Secondary attached |
05/28/2025 | 1 | D | A | B | A | D | A | C | A | D | A | GA | Second Home | Purchase | D | B | A | A | A | B | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| XXXXXX | 4000068944 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[REDACTED]exceeds tolerance of $[REDACTED]plus [REDACTED]% or $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-21): Sufficient Cure Provided At Closing |
04/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Second Home | Purchase | Final CD evidences Cure | D | B | A | A | A | B | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||
| XXXXXX | 4000068944 | XXXXXX | XXXXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized, and was originated with an Appraisal Waiver. Secondary Valuation supports value. Sec ID: 89 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-05-28): Accepted as is. |
05/28/2025 | 2 | B | B | B | B | B | GA | Second Home | Purchase | D | B | A | A | A | B | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| XXXXXX | 4000068944 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-28): Accepted as is. |
05/28/2025 | 2 | B | B | B | B | B | GA | Second Home | Purchase | D | B | A | A | A | B | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| XXXXXX | 4000072574 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-04-22): Accepted as is. Seller Comment (2025-04-22): Comment from [REDACTED] ([REDACTED]): see attached |
04/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072574 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | The file was missing a copy of HOA Verification for [REDACTED]. | Reviewer Comment (2025-04-22): Received, Clearing. Seller Comment (2025-04-22): Comment from [REDACTED]: See printout shows [REDACTED] a month |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072574 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of [REDACTED] exceeds tolerance of[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-23): Sufficient Cure Provided At Closing |
04/23/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| XXXXXX | 4000072574 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-23): Sufficient Cure Provided At Closing |
04/23/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||||||||
| XXXXXX | 4000072637 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[REDACTED]. Provide updated policy reflecting minimum coverage of $[REDACTED] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-30): Received, Clearing. Seller Comment (2025-04-30): Comment from [REDACTED] ([REDACTED]): Please see the attached confirmation from the HOI agent confirming property is written to full replacement cost. Please be aware, the state of [REDACTED]does not allow RCEs to be provided, therefore the email confirmation is sufficient. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072637 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. 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 (2025-04-22): Accepted as is. |
04/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000071394 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within CA and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-04-23): Accepted as is. |
04/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071394 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [REDACTED]not received by borrower at least four (4) business days prior to closing. | The date issued on the revised Loan Estimate is[REDACTED] and the document was not signed. | Reviewer Comment (2025-04-28): [REDACTED] received proof of receipt. Seller Comment (2025-04-25): Comment from [REDACTED]: Please see attached confirmation that the Le was viewed. Reviewer Comment (2025-04-24): [REDACTED] received screenprint on LE. However, unable to determine if this is borrower' receipt date or the date the LE was issued. As only 1 date/time it appears this is the issue date only. Provide additional documentation to support date received. Seller Comment (2025-04-23): Comment from [REDACTED]: Please see the attached screenshot from the LOS confirming acknowledgment of the [REDACTED] LE. |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | No Defined Cure | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000073224 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-04-23): Accepted as is. Seller Comment (2025-04-23): Comment from [REDACTED]: See attached |
04/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Investment | Purchase | D | B | D | B | B | B | A | A | Non QM | N/A | No | ||||||||||
| XXXXXX | 4000073224 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [REDACTED], Most Recent Tax Return End Date [REDACTED], Tax Return Due Date [REDACTED] | [REDACTED]Business tax return is missing in file. | Reviewer Comment (2025-04-23): Accepted as is. Seller Comment (2025-04-23): Comment from [REDACTED]: See attached |
04/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Investment | Purchase | D | B | D | B | B | B | A | A | Non QM | N/A | No | ||||||||||
| XXXXXX | 4000073224 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [REDACTED], Most Recent Tax Return End Date [REDACTED], Tax Return Due Date [REDACTED]. | [REDACTED]Business tax return is missing in file. | Reviewer Comment (2025-04-23): Accepted as is. Seller Comment (2025-04-23): Comment from [REDACTED]: See our UW ability to pay regarding the income used. |
04/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Investment | Purchase | D | B | D | B | B | B | A | A | Non QM | N/A | No | ||||||||||
| XXXXXX | 4000073224 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Missing Certificate of Good Standing for [REDCATED] | Reviewer Comment (2025-04-23): Received, Clearing. Seller Comment (2025-04-23): Comment from [REDACTED]: See attached |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | D | A | OR | Investment | Purchase | D | B | D | B | B | B | A | A | Non QM | N/A | No | |||||||||||
| XXXXXX | 4000073224 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing Operating Agreement for [REDCATED] | Borrower has verified disposable income of at least $[REDACTED] Borrower has worked in the same position for more than [REDACTED] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [REDACTED] months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least v |
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Reviewer Comment (2025-05-14): Client exception received. Seller Comment (2025-05-13): Comment from [REDACTED]: See attached Reviewer Comment (2025-05-05): Based on the requirement in guidelines, An exception from the buyer of the loan is needed. Seller Comment (2025-05-02): Comment from [REDACTED]: See attached email from borrower Reviewer Comment (2025-04-23): Without an exception from the buyer of the loan is needed. Buyer Comment (2025-04-23): Comment from [REDACTED]: The [REDACTED] is for income properties and is a husband & wife entity Reviewer Comment (2025-04-23): None of the provided was a operating agreement. Per the guidelines: The following entity documents are required: § Operating Agreement Exception remains. Reviewer Comment (2025-04-23): The operating agreement not received in the images provided. Exception remains. Seller Comment (2025-04-23): Comment from [REDACTED]: See attached |
05/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | OR | Investment | Purchase | D | B | D | B | B | B | A | A | Non QM | N/A | No | |||||||||
| XXXXXX | 4000069448 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Reviewer Comment (2025-04-25): Received, Clearing. Seller Comment (2025-04-25): Comment from [REDACTED]: Guaranty Agreement Reviewer Comment (2025-04-23): The provided document is not a Guarantor Agreement. An example of this document is in the guidelines. Seller Comment (2025-04-23): Comment from [REDACTED]: Resolution |
04/25/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000072462 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | The appraisal was not provided to the borrower within 3 business days of the note date. | Reviewer Comment (2025-04-23): Accepted as is. |
04/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000072462 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The file is missing the LLC documents for the business entity borrower. (Articles or Organization, Certificate of good standing, Operating agreement and Tax Identification Number) | Reviewer Comment (2025-05-22): Docs provided. Clearing |
05/22/2025 | 1 | A | A | A | A | A | CA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||||||||
| XXXXXX | 4000068375 | XXXXXX | XXXXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Qualifying Assets for Closing of $[REDACTED] is less than Cash From Borrower $[REDACTED]. | Reviewer Comment (2025-04-29): Received, Clearing. Seller Comment (2025-04-28): Comment from [REDACTED] : [REDACTED] balance [REDACTED] borr has over [REDACTED] of what is req which is within FNMA guidelines statement were in file when shipped. Reviewer Comment (2025-04-24): Where did the funds that were transferred to closing come from as the statements we had for the account it came from didn't have that amount in it. Seller Comment (2025-04-23): Comment from [REDACTED]: Wire funds |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000068375 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [REDACTED] Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | No cure was provided | Reviewer Comment (2025-05-15): [REDACTED] received updated CD and valid Changed circumstance. Seller Comment (2025-05-14): Comment from [REDACTED]: Attached is the correct COC needed on this condition and file Reviewer Comment (2025-05-05): [REDACTED] Received Commentary on the exception stating on [REDACTED] received information regarding lock extension; however, file does not contain any COC and CD within [REDACTED] of the change. Provide any missing CD/COC within [REDACTED] of receiving new information. Seller Comment (2025-05-02): Comment from [REDACTED] ([REDACTED]): On [REDACTED] we received information regarding the following changed circumstance: A COC occurred affecting settlement charges. Rate lock expiration has been extended to [REDACTED] As a result of the aboe change the following fees were updated: Loan discount points changed from $[REDACTED] to $[REDACTED]. This fee is a component of block A: Origination Charges. Reviewer Comment (2025-05-02): [REDACTED] Received COC dated [REDACTED]; however, discount point fee increased on CD dated [REDACTED]. 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 (2025-05-01): Comment from [REDACTED] ([REDACTED]): COC Reviewer Comment (2025-04-24): [REDACTED]: The COC dated [REDACTED] that was provided in the trailing images was also provided in the original loan package. But the fee was further increase of $[REDACTED] from $[REDACTED] on Final CD dated [REDACTED] without valid COC. A Valid COC or Cure is required to re-baseline this exception. Seller Comment (2025-04-23): Comment from [REDACTED]: Change of Circumstance |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000072683 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Preliminary Title Report does not list coverage amount. | Reviewer Comment (2025-04-23): Accepted as is. |
04/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072683 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided | Permanent Resident documentation is missing. | Reviewer Comment (2025-05-08): Received Permanent Resident Alien. Exception cleared. Seller Comment (2025-05-08): Comment from [REDACTED] ([REDACTED]): Perm Res Card Attached |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072324 | XXXXXX | XXXXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | As the Property is in declining market value, 5% reduction in LTV applies | Reviewer Comment (2025-05-02): Updated appraisal received reflecting stable market Seller Comment (2025-05-02): Comment from [REDACTED]: revised |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000074376 | XXXXXX | XXXXXX | Credit | Guideline | Guideline Issue | Guideline | Short Term Rental property consistently used as a seasonal or vacation rental (i.e., XXXXX) and evidence of at least 12 months of Operating History is not present in the loan file. | Missing 12 month history of short term rental receipt | Reviewer Comment (2025-04-24): Received, Clearing. Seller Comment (2025-04-24): Comment from [REDACTED]: Please see attached trailing [REDACTED] history |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000071090 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[REDACTED] exceeds tolerance of $[REDACTED] plus [REDACTED]% or $[REDACTED]. Insufficient or no cure was provided to the borrower. | Insufficient or no cure was provided. | Reviewer Comment (2025-05-02): [REDACTED] received Post CD and LOX along with Final SS. Seller Comment (2025-04-30): Comment from [REDACTED]: LOE and PCCD Reviewer Comment (2025-04-30): [REDACTED] received PCCD and closing statement, however we also require LOE which accompanied the PCCD to finalize. Seller Comment (2025-04-29): Comment from [REDACTED]: pccd and master Fss recording fee [REDACTED] |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Second Home | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000069586 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business purpose certificate is missing. If cash out is for personal use, loan must be tested for full compliance | Reviewer Comment (2025-04-25): Received, Clearing. Seller Comment (2025-04-25): Comment from [REDACTED]: BUSINESS PURPOSE CERTIFICATE |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | A | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000069586 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal provided in initial package is signed post closing. Provide the appraisal completed prior to consummation. | Reviewer Comment (2025-05-07): Earlier dated appraisal received Seller Comment (2025-05-07): Comment from [REDACTED]: APPRAISAL REPORT Reviewer Comment (2025-05-01): Appraisal report provided has a report date of [REDACTED] which is prost consummation. Exception remains. Buyer Comment (2025-05-01): Comment from [REDACTED]: on page [REDACTED] of closing package we provided, Appraisal Report shows date [REDACTED] prior to NOTE date [REDACTED]. Would this not suffice to clear condition Reviewer Comment (2025-04-25): Please provided the completed prior to note signing. Seller Comment (2025-04-25): Comment from [REDACTED]: Appraisal |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | A | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000069586 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-07): Client elects to waive |
05/07/2025 | 2 | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | A | B | A | A | N/A | No | |||||||||||||||||
| XXXXXX | 4000071744 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud Report is missing. | Reviewer Comment (2025-05-21): Received Fraud Report . Exception Cleared. Seller Comment (2025-05-21): Comment from [REDACTED]: Please see attached |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000069419 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | Reviewer Comment (2025-05-20): 1007 Rent Comparison Schedule is not required. Exception cleared. Buyer Comment (2025-05-20): Comment from [REDACTED]: Please refer to HELOC guides for escalate. 1007s are not required for rental income |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000069419 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Document is missing to verify monthly tax amount for the REO property "[REDACTED]". | Reviewer Comment (2025-05-20): Received Tax Verification for [REDACTED]. Exception cleared. Seller Comment (2025-05-20): Comment from [REDACTED]: Please see attached |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000069419 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The tax verification was not provided for [REDACTED]. | Reviewer Comment (2025-05-22): Received Tax Verification for [REDACTED] Exception cleared. Seller Comment (2025-05-22): Comment from [REDACTED]: Please see attached Reviewer Comment (2025-05-20): Received Property History report does not have property tax information. please provide tax verification for [REDACTED]. Exception remains. Seller Comment (2025-05-20): Comment from [REDACTED]: Please see attached |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000070581 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Properties less than [REDACTED] are ineligible. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least [REDACTED]points. |
SitusAMC SitusAMC |
Reviewer Comment (2025-04-24): Client elects to waive with compensating factors |
04/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000073563 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing. | Reviewer Comment (2025-04-25): Received Articles of Organization/Formation. Exception cleared. Seller Comment (2025-04-25): Comment from[REDACTED]: Articles of Organization |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073563 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing. | Reviewer Comment (2025-04-25): Received Certificate of Good Standing. Exception cleared. Seller Comment (2025-04-25): Comment from [REDACTED]: Cert of Good Standing |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073563 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) is missing. | Reviewer Comment (2025-04-25): Received Employer Identification Number (EIN). Exception cleared. Seller Comment (2025-04-25): Comment from [REDACTED]: EIN # |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073563 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing. | Reviewer Comment (2025-04-25): Received Corporate Resolution Document. Exception cleared. Seller Comment (2025-04-25): Comment from [REDACTED]: Corporate Resolution |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073563 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing. | Reviewer Comment (2025-04-25): Received Corporate Resolution. Exception cleared. Seller Comment (2025-04-25): Comment from [REDACTED]: Operating Agreement |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073563 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Credit | Guideline Requirement: Reverified Loan to value discrepancy. | Calculated Reverified loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | DSCR LTV [REDACTED]%, short term rental. Lender exception approved. Comp factors FIO [REDACTED], DSCR must remain over 1.0. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least[REDACTED] months. Borrowers made a down payment from their own funds on this purchase transaction of at least[REDACTED]% and $[REDACTED] The representative FICO score exceeds the guideline minimum by at least [REDACTED] points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-25): Client elects to waive/regrade with compensating factors. |
04/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000073563 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The appraisal does not indicate the subject is located in a PUD, PUD rider present in file. | Reviewer Comment (2025-05-01): Received, Clearing. Seller Comment (2025-05-01): Comment from [REDACTED]: correction affidavit to DOT;property not in PUD |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000071257 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Missing CPA letter indicating the use of the business funds will not have a negative impact on the business. | Reviewer Comment (2025-05-01): Received Evidence of Access to Funds. Exception cleared. Seller Comment (2025-05-01): Comment from Purchasing Team ([REDACTED]): CPA LOE |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000071958 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. 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 (2025-04-25): Accepted as is. |
04/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072510 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Reviewer Comment (2025-04-25): Accepted as is. |
04/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000073665 | XXXXXX | XXXXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Calculated Available for Reserves of ___ is less than Guideline Available for Reserves of ___. | Calculated Available for Reserves of $[REDACTED]is less than Guideline Available for Reserves of $[REDACTED]. | Borrower has been employed in the same industry for more than [REDACTED] years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least [REDACTED]% and $[REDACTED]. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-02): Client elects to waive with compensating factors Seller Comment (2025-05-02): Comment from [REDACTED]: see attached Reviewer Comment (2025-05-02): Pending Lender Exception. Exception remains. Buyer Comment (2025-05-02): Comment from [REDACTED]: sent in an exception request. Thank you Reviewer Comment (2025-04-30): Per guidelines, 6 mos. for subject PITIA [REDACTED] + [REDACTED] PITIA reserves for financed REOs ([REDACTED]). Exception remains. Buyer Comment (2025-04-30): Comment from [REDACTED]: Can you please provide the guideline that requires more than 6 months reserves? Reviewer Comment (2025-04-30): [REDACTED] for closing is the EMD of [REDACTED] plus CD of [REDACTED] plus [REDACTED]. We then also include in assets the [REDACTED] EMD and [REDACTED] invoice for appraisal. Buyer Comment (2025-04-30): Comment from [REDACTED]: Where are you getting the amount needed for closing? [REDACTED] is the cash to close and [REDACTED] is the EMD that totals [REDACTED]. Your including the [REDACTED] again which is not giving them the credit for paying it already with the invoice. Reviewer Comment (2025-04-29): Total assets is [REDACTED] which includes EMD. Needed for closing is [REDACTED] which also includes EMD. [REDACTED]is needed for reserves but what is available after closing is [REDACTED]. Buyer Comment (2025-04-29): Comment from [REDACTED]: Please provide the calculation as your amount doesn't reflect it. Total assets are [REDACTED]- closing costs of [REDACTED]= $[REDACTED] + [REDACTED] for appraisal invoice is [REDACTED] which is more than [REDACTED] required. Reviewer Comment (2025-04-28): Yes, the [REDACTED] POC invoices have been included in the calculations. Buyer Comment (2025-04-28): Comment from [REDACTED]: please confirm you reviewed the invoices provided for the items paid outside of closing. thank you |
05/02/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CT | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||
| XXXXXX | 4000073665 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-04-25): Accepted as is. |
04/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000071877 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - Missing Signature on Affiliated Business Arrangement Disclosure | RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. | Creditor did not obtain signature on Affiliated Business Arrangement Disclosure. | Reviewer Comment (2025-04-25): Accepted as is. |
04/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Second Home | Purchase | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000072692 | XXXXXX | XXXXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Calculated Available for Reserves of [REDACTED] is less than Guideline Available for Reserves of [REDACTED] | Reviewer Comment (2025-05-19): Cleared reserves with additional bank statement Seller Comment (2025-05-19): Comment from [REDACTED]: FINAL 1008, 1003.[REDACTED] Stetement, updated bank statement Reviewer Comment (2025-05-01): [REDACTED] has to be excluded from the [REDACTED] to cover the [REDACTED]. Buyer Comment (2025-05-01): Comment from[REDACTED]: The total reserves required are $[REDACTED] = $[REDACTED] (9mos PITIA subject prop) + $[REDACTED] (2mos PITIA additional financed prop). Total borrower's available assets are $[REDACTED] per [REDACTED] Business acct#[REDACTED] statement ending [REDACTED]. Total Gift funds for closing $[REDACTED] Total final funds $[REDACTED] = $[REDACTED] gift + $[REDACTED] borrower funds Total borrower's assets are $[REDACTED] - $[REDACTED] = $[REDACTED] left over to meet $[REDACTED] reserves requirement. |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072692 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-04-28): Accepted as is. |
04/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072362 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | The question "will you occupy the property as your Primary residence?" is marked as "Yes" on both Final and Initial 1003, however, this is a Second Home Purchase transaction. | Reviewer Comment (2025-04-29): Received, Clearing. Seller Comment (2025-04-29): Comment from [REDACTED]: PLEASE SEE SIGNED/INITIALED 1003 Reviewer Comment (2025-04-29): The corrected [REDACTED] needs to be initialed and signed. Seller Comment (2025-04-28): Comment from [REDACTED]: PLEASE SEE UPDATED 1003 |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Purchase | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000072362 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | The question "will you occupy the property as your Primary residence?" is marked as "Yes" on both Final and Initial [REDACTED], however, this is a Second Home Purchase transaction. | Reviewer Comment (2025-04-29): Received, Clearing. Seller Comment (2025-04-29): Comment from [REDACTED]: PLEASE SEE SIGNED/INITIALED 1003 Reviewer Comment (2025-04-29): The corrected 1003 needs to be initialed and signed. Seller Comment (2025-04-28): Comment from [REDACTED]: PLEASE SEE UPDATED 1003 |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Purchase | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000072362 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-04-28): Accepted as is. |
04/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Purchase | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| XXXXXX | 4000072362 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [REDACTED] [REDACTED] business days prior to consummation. | Reviewer Comment (2025-04-28): Accepted as is. |
04/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Purchase | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| XXXXXX | 4000072362 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - Not Tested As Primary | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Second Home). Determination has not been made as to whether the loan would be High Cost and/or HPML if ran as a Primary Residence. | Reviewer Comment (2025-04-29): Received, Clearing. Seller Comment (2025-04-29): Comment from[REDACTED]: PLEASE SEE SIGNED/INITIALED 1003 Reviewer Comment (2025-04-29): The corrected 1003 needs to be initialed and signed. Buyer Comment (2025-04-28): Comment from [REDACTED]: PLEASE ADVISE WHAT YOU NEED TO CLEAR THIS CONDITION, I ALREADY UPLOADED THE UPDATED 1003 AND PER OUR UW, THIS WAS MERELY AN ERROR ON THE BORROWERS PART WHEN APPLYING ONLINE AND IT IS INDEED A 2ND HOME. |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Purchase | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| XXXXXX | 4000072362 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [REDACTED] came in at [REDACTED] % lower than the appraisal value. Lender exception approved. Comp Factors: FICO [REDACTED] , LTV [REDACTED] % DTI,[REDACTED] %. | Borrower has been employed in the same industry for more than [REDACTED] Borrower has verified disposable income of at least $[REDACTED]. Borrower has worked in the same position for more than [REDACTED]years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of[REDACTED]months PITIA or more. Borrowers made a down payment from their own funds on this purchase transaction of at least [REDACTED]% and $[REDACTED] The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The Loan to Value (LTV) on the loan is less than or equal to [REDACTED]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [REDACTED]% less than the guideline maximum. The qualifying DTI on the loan is less than or equal to [REDACTED]%. The representative FICO score exceeds the guideline minimum by at least 40 points. The representative FICO score is above [REDACTED] |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-28): Client elects to waive/regrade with compensating factors. |
04/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Purchase | C | B | C | B | C | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| XXXXXX | 4000071717 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail. | QM max points and fees is [REDACTED], however subject points and fees is [REDACTED] (Discount points [REDACTED], Origination Fee [REDACTED]) | Reviewer Comment (2025-05-22): Undiscounted interest rate and price provided Seller Comment (2025-05-22): Comment from [REDACTED]: Please see rate stack |
05/22/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Investment | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| XXXXXX | 4000071717 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | QM Points and Fees 2021 | Qualified Mortgage (Dodd Frank 2014): Points and Fees on subject loan of [REDACTED]% is in excess of the allowable maximum of [REDACTED]% of the Federal Total Loan Amount. Points and Fees total $[REDACTED] on a Federal Total Loan Amount of $[REDACTED] vs. an allowable total of $[REDACTED] (an overage of $[REDACTED] or .[REDACTED]%). | QM max points and fees is $[REDACTED], however subject points and fees is $[REDACTED](Discount points $[REDACTED], Origination Fee $[REDACTED]) | Reviewer Comment (2025-05-22): Undiscounted interest rate and price provided Seller Comment (2025-05-22): Comment from [REDACTED]: Please see rate stack |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000071995 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three ([REDACTED]) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-04-28): Accepted as is. |
04/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000070303 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2025-05-12): Sufficient reserves verified with funds back to borrower Reviewer Comment (2025-05-08): Added the XXXX account with balance of [REDACTED]. Still short reserves. Seller Comment (2025-05-08): Comment from [REDACTED]: UW response Reviewer Comment (2025-05-02): The gift funds and EMD were verified and used as part of closing. But the reserves, available assets after closing, are short. Six months of PITIA reserves are required and equal a total of $[REDACTED]. Per calculation we can only verify $[REDACTED]. The difference between the two is the shortage. Seller Comment (2025-05-02): Comment from [REDACTED]: UW response |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000070303 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay ([REDACTED]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2025-05-12): Sufficient reserves verified |
05/12/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000070303 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Based on the loan failing one or more guideline components, the loan is at ATR risk. | Reviewer Comment (2025-05-12): Sufficient reserves verified |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000065634 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Statement, Tax Verification & Insurance Verification is missing. | Reviewer Comment (2025-04-29): Cleared Final CD, note was provided. Seller Comment (2025-04-29): Comment from [REDACTED]: [REDACTED] - [REDACTED]: Please see the attached Closing disclosure and Final Note for the recent refinance of [REDACTED] |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073370 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. 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 (2025-04-28): Accepted as is. |
04/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000070525 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. (Type:Primary/[REDACTED]) | Reviewer Comment (2025-04-29): Accepted as is. Seller Comment (2025-04-29): Comment from [REDACTED]: See attached |
04/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070525 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-28): Sufficient Cure Provided At Closing |
04/28/2025 | 1 | A | A | A | A | A | A | A | A | A | A | AZ | Second Home | Purchase | Final CD evidences Cure | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000070525 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance Document is missing for REO Property "[REDACTED]". | Reviewer Comment (2025-05-06): Received Insurance Verification. Exception cleared. Seller Comment (2025-05-06): Comment from [REDACTED]: See attached |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070525 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Missing evidence of access to funds, CPA letter indicating the use of business funds will not have a negative impact on the business or cash flow analysis. | Reviewer Comment (2025-04-29): Received, Clearing. Seller Comment (2025-04-29): Comment from [REDACTED]: See attached |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071774 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized, and was originated with an Appraisal Waiver. The supporting secondary valuation is missing. Sec ID: 36 | Reviewer Comment (2025-05-23): AVM provided. Cleared. Seller Comment (2025-05-23): Comment from [REDACTED]: Please see attached |
05/23/2025 | 1 | D | A | B | A | D | A | C | A | D | A | MI | Second Home | Refinance - Rate/Term | D | B | A | A | A | B | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| XXXXXX | 4000071774 | XXXXXX | XXXXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized, and was originated with an Appraisal Waiver. Secondary Valuation supports value. Sec ID: 89 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-05-23): Accepted as is per client. |
05/23/2025 | 2 | B | B | B | B | B | MI | Second Home | Refinance - Rate/Term | D | B | A | A | A | B | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| XXXXXX | 4000071774 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | File did not contain an estimated cost to replace from insurer. Calculations are based on 80% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED]. | Reviewer Comment (2025-05-28): As per the confirmation received from insurance agent, policy is Guaranteed Replacement Cost Coverage. Hence, replacement cost estimator is not required. Exception cleared. Seller Comment (2025-05-28): Comment from [REDACTED]: Please see agent confirmation on page 1 "As for the replacement cost estimator, PURE does not provide these as our policy is "guaranteed replacement cost" coverage." |
05/28/2025 | 1 | A | A | A | A | A | MI | Second Home | Refinance - Rate/Term | D | B | A | A | A | B | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| XXXXXX | 4000071774 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-29): Accepted as is. |
05/29/2025 | 2 | B | B | B | B | B | MI | Second Home | Refinance - Rate/Term | D | B | A | A | A | B | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| XXXXXX | 4000071149 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Legal Description not provided | Legal Description is missing in file. | Reviewer Comment (2025-04-30): Received, Clearing. Seller Comment (2025-04-30): Comment from [REDACTED]: please see attached |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000070987 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | CPA Letter is missing in the file. Due to this, the ownership percentage could not be verified. | Reviewer Comment (2025-05-02): Received CPA Letter. Exception cleared. Seller Comment (2025-05-01): Comment from [REDACTED]: Please see attached CPA Letter |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072923 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance Verification and Mortgage Statement not provided for the Property [REDACTED] | Reviewer Comment (2025-05-01): Received Statement and Insurance verification. Exception cleared. Seller Comment (2025-05-01): Comment from [REDACTED]: Please see attached REO Docs |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072923 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The subject has out buildings and horse amenities, which is ineligble. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $[REDACTED]. Borrower has worked in the same position for more than [REDACTED] years. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-12): Client elected to waive/regrade with compensating factors. Lender exception provided. Seller Comment (2025-05-12): Comment from [REDACTED] [REDACTED] ( [REDACTED] [REDACTED] [REDACTED] .): Please see attached exception form, Exception has been approved. Reviewer Comment (2025-05-02): Exception from the buyer is required to waive Seller Comment (2025-05-01): Comment from [REDACTED]: No Value is being given. Please advise where in the guide does it state it is not allowed? Per Fannie guide, we just needed to determine its residential in nature and appraisal is indicating neighborhood characteristics as suburban in residential suburban zoning. Please help waive this condition. |
05/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Second Home | Refinance - Rate/Term | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000073646 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-04-30): Accepted as is. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073646 | XXXXXX | XXXXXX | 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 2014): Creditor did not provide a copy of revised valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-04-30): Accepted as is. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073646 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) | [REDACTED]Subprime Loan: Counseling Disclosure not provided to borrower. | Reviewer Comment (2025-04-30): Accepted as is. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | No obvious cure | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073646 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) New York Subprime Loan (Escrow Not Established) | New York Subprime Loan: Mandatory escrow account not established for the collection of property taxes and insurance. (Note: Does not apply to a subordinate lien when the taxes and insurance are escrowed through another home loan. It also does not apply if the borrower can demonstrate a record of [REDACTED] months of timely payments of taxes and insurance on a previous home loan.) | Reviewer Comment (2025-04-30): Accepted as is. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073646 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant | New York Subprime Loan: APR on subject loan of [REDACTED]% is in excess of allowable threshold of Prime Mortgage Market Rate [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant SubPrime Loan. | Reviewer Comment (2025-04-30): Accepted as is. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | 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 | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000073646 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) | New York Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. | Reviewer Comment (2025-04-30): Accepted as is. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | No obvious cure | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073646 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2025-04-30): Received, Clearing. Seller Comment (2025-04-30): Comment from [REDACTED] [REDACTED] ( [REDACTED] [REDACTED] [REDACTED] [REDACTED] ): The subject property is a cooperative apartment with no tax or insurance escrow. The monthly payment includes only principal and interest (P&I) of $ [REDACTED] . [REDACTED] months of reserves total $ [REDACTED] . See attached XXXX reserves balance with evidence of [REDACTED] months reserves held in the borrower's [REDACTED] account. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000073646 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay ([REDACTED]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2025-04-30): Received, Clearing. |
04/30/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000073646 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Based on the loan failing one or more guideline components, the loan is at ATR risk. | Reviewer Comment (2025-04-30): Received, Clearing. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073920 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | The appraisal was not provided to the borrower within 3 days of consummation. | Reviewer Comment (2025-04-29): Accepted as is. |
04/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073920 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | The appraisal was not provided to the borrower within 3 days of consummation. | Reviewer Comment (2025-04-29): Accepted as is. |
04/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073028 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Operating Agreement for borrower entity missing | Reviewer Comment (2025-05-01): Correction. Per other documentation there was a name change involving the borrowing entity. Exception cleared Reviewer Comment (2025-05-01): The operating agreement received is not for the borrowing entity. Exception remains. Seller Comment (2025-05-01): Comment from [REDACTED] [REDACTED] ( [REDACTED] Mortgage): Hello, please see attached Reviewer Comment (2025-04-29): EIN received but no Operating Agreement was in the provided images. Seller Comment (2025-04-29): Comment from [REDACTED] [REDACTED] ( [REDACTED] [REDACTED] ): Hello, please see attached |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | D | A | TX | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000070685 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Insurance coverage is insufficient by[REDACTED], there was no evidence of extended coverage or insurer's estimate of replacement cost provided. | Reviewer Comment (2025-05-02): Checklist of coverage received Seller Comment (2025-05-02): Comment from [REDACTED] [REDACTED] ( [REDACTED] ): Please see attached checklist to coverage |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071180 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Loan is to be securitized. One valuation was provided, with no [REDACTED] or [REDACTED] . | Reviewer Comment (2025-05-02): [REDACTED] scores received Seller Comment (2025-05-02): Comment from [REDACTED] [REDACTED] ( [REDACTED] [REDACTED] [REDACTED] ): score 1 |
05/02/2025 | 1 | D | A | D | A | D | A | D | A | D | A | MA | Primary | Refinance - Cash-out - Other | D | B | A | A | B | B | D | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071180 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | Massachusetts HPML Threshold Test Compliant | [REDACTED]Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR [REDACTED]% + [REDACTED]%, or [REDACTED]% Compliant Higher Priced Loan. | Reviewer Comment (2025-05-02): Waived per client request |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Refinance - Cash-out - Other | No obvious cure | D | B | A | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000071180 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [REDACTED]Percent Fee Tolerance exceeded. Total amount of $[REDACTED] exceeds tolerance of $[REDACTED] plus [REDACTED] % or $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-02): Sufficient Cure Provided At Closing |
05/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | D | B | A | A | B | B | D | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000071180 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-02): Sufficient Cure Provided At Closing |
05/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | D | B | A | A | B | B | D | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000071180 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Reviewer Comment (2025-05-02): Waived per client request Seller Comment (2025-05-02): Comment from [REDACTED] [REDACTED] ( [REDACTED] [REDACTED] [REDACTED] ): Not sure what you need to clear this one; are you missing the proof appraisal sent? |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Refinance - Cash-out - Other | D | B | A | A | B | B | D | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072519 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule ([REDACTED]): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-04-29): Accepted as is. |
04/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000070300 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[REDACTED] is over disclosed by $[REDACTED] compared to the calculated Amount Financed of $[REDACTED] 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 [REDACTED]). | Final Closing Disclosure provided on [REDACTED] disclosed an Amount Financed disclosed an inaccurate Amount Financed. | Reviewer Comment (2025-05-22): [REDACTED] received PCCD, LOE, Copy of Refund Check, Re-opening of Rescission and Proof of Receipt. Seller Comment (2025-05-21): Comment from [REDACTED] [REDACTED] ( [REDACTED] [REDACTED] [REDACTED] ): [REDACTED] [REDACTED] , CHECK. Reviewer Comment (2025-05-12): [REDACTED] received rebuttal on figures on pages. However, the Finance charge was underdisclosed by $ [REDACTED] . In reviewing the lender's compliance report, it appears lender did not include the Section B Attorney Review Doc Fee of $ [REDACTED] in calculations. As there were some other fees lender did include that would not be considered finance charges (i.e. endorsements to title & the notary fee) the underdisclosure was less than the $ [REDACTED] . Cure with Corrected CD, LOE to borrower, copy of cure refund of $ [REDACTED] , proof of mailing and proof of reopening of rescission to all consumers. Buyer Comment (2025-05-09): Comment from [REDACTED] [REDACTED] ( [REDACTED] [REDACTED] [REDACTED] ): Per checking, figures on page #5 of ICD to Docs CD/post CD lowered and did not hit more that .125. |
05/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000070300 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED] disclosed an inaccurate Finance Charge on page [REDACTED]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[REDACTED]is under disclosed by $[REDACTED]compared to the calculated Finance Charge of $[REDACTED]which exceeds the $[REDACTED]threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [REDACTED]). | Final Closing Disclosure provided on [REDACTED]disclosed an inaccurate Finance Charge on page [REDACTED]that does not match the actual Finance Charge for the loan. | Reviewer Comment (2025-05-22): [REDACTED] received PCCD, LOE, Copy of Refund Check, Re-opening of Rescission and Proof of Receipt. Seller Comment (2025-05-21): Comment from [REDACTED] [REDACTED] ( [REDACTED] [REDACTED] [REDACTED] ): [REDACTED] [REDACTED] , CHECK. Reviewer Comment (2025-05-12): [REDACTED] received rebuttal on figures on pages. However, the Finance charge was underdisclosed by $ [REDACTED] . In reviewing the lender's compliance report, it appears lender did not include the Section B Attorney Review Doc Fee of $ [REDACTED] in calculations. As there were some other fees lender did include that would not be considered finance charges (i.e. endorsements to title & the notary fee) the underdisclosure was less than the $ [REDACTED] . Cure with Corrected CD, LOE to borrower, copy of cure refund of $ [REDACTED] , proof of mailing and proof of reopening of rescission to all consumers. Buyer Comment (2025-05-09): Comment from [REDACTED] [REDACTED] ( [REDACTED] [REDACTED] [REDACTED] ): Per checking, figures on page # [REDACTED] of ICD to Docs CD/post CD lowered and did not hit more that .125. |
05/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Cash-out - Other | 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 | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000070300 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (TX Home Equity Disclosure/Notice Concerning Extensions of Credit Not Provided) | Texas Constitution Section 50(a)(6): Revised Notice Concerning Extensions of Credit Disclosure dated less than [REDACTED] days prior to closing, however file includes a signed acknowledgment stating that the owner(s) received the Notice at least [REDACTED]days prior to closing. | Reviewer Comment (2025-04-30): Accepted as is. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000074145 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[REDACTED]exceeds tolerance of $[REDACTED]plus 10% or $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-29): Sufficient Cure Provided At Closing |
04/29/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000074145 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Bank statement income from 2 different business accounts. Lender exception approved. Comp factors DTI [REDACTED] %, [REDACTED] months of reserves. | Borrower has verified disposable income of at least $[REDACTED] Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of[REDACTED] months PITIA or more. The qualifying DTI on the loan is at least [REDACTED]% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-29): Client elects to waive/regrade with compensating factors. |
04/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000072261 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Basement stairs has no handrails. Health and safety issue. | Reviewer Comment (2025-04-30): Clearing based on appraiser stating not a Health and safety issue. Seller Comment (2025-04-30): Comment from [REDACTED] [REDACTED] ( [REDACTED] [REDACTED] ): [REDACTED] / [REDACTED] MM: The appraiser did comment on the basement stairs not having handrails on both sides but has noted that this is not health and safety issue. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000072261 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The appraisal reflects a black substance on the basement wall behind the gas water heater, the appraiser did not comment if this is possible mold. | Reviewer Comment (2025-04-30): Clearing. Seller Comment (2025-04-30): Comment from [REDACTED] [REDACTED] (XXXX): [REDACTED] / [REDACTED] MM: The black substance does not look like mold. The wall looks like it was scuffed from something. No health and safety concern. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000072196 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title policy is within CA and does not reflect a coverage amount (no final title policy in file). | Reviewer Comment (2025-04-29): Accepted as is. |
04/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074047 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-04-30): Accepted as is. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000074047 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Late Charge | Virginia Late Charge Grace Period Testing | Virginia Late Charge: Note grace period of [REDACTED]days is less than the state minimum of [REDACTED]days. | Reviewer Comment (2025-04-30): Accepted as is. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000074047 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Late Charge | Virginia Late Charge Percent Testing | Virginia Late Charge: Note late charge percent of [REDACTED] exceeds the state maximum of [REDACTED]. | Reviewer Comment (2025-04-30): Accepted as is. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000074047 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The tax verification was not provided for [REDACTED] | Reviewer Comment (2025-05-05): Received Tax Verification. Exception cleared. Seller Comment (2025-05-02): Comment from [REDACTED] [REDACTED] ( [REDACTED] [REDACTED] ): Hello, please see attached, thank you. Reviewer Comment (2025-05-01): Please provide the tax cert used to calculate the taxes for this property. The CD and hazard were already received. Seller Comment (2025-05-01): Comment from [REDACTED] [REDACTED] ( [REDACTED] [REDACTED] ): Hello, please see attached the Consummation CD for [REDACTED] [REDACTED] [REDACTED] showing the Estimated Taxes and Insurance amount as $ [REDACTED] . We have enclosed the EOI policy as well. The property tax will be the remaining amount after subtracting the EOI amount. Thank you! |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000072053 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule ([REDACTED]): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-04-30): Accepted as is. Seller Comment (2025-04-30): Comment from Purchasing Team ( [REDACTED] [REDACTED] [REDACTED] , [REDACTED] .): WAIVER OF APPRAISAL |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071565 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-04-29): Accepted as is. |
04/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000072754 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved for number of tradelines. Compensating factors - [REDACTED] FICO, 29 months reserves. | 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 $[REDACTED]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED] The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-08): Client elects to waive with compensating factors Reviewer Comment (2025-05-08): re-opened Reviewer Comment (2025-04-29): Lender exception approved for number of tradelines. Compensating factors - [REDACTED] FICO, [REDACTED] months reserves. |
05/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000072503 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The appraisal was not sent to the borrower within 3 business days prior to closing. | Reviewer Comment (2025-04-29): Accepted as is. |
04/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000072130 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | ECOA Appraisal Provided Before Completion | Reviewer Comment (2025-04-30): Accepted as is. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000070762 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report not provided in file | Reviewer Comment (2025-04-30): Received, Clearing. Seller Comment (2025-04-30): Comment from [REDACTED][REDACTED]([REDACTED][REDACTED][REDACTED][REDACTED][REDACTED].): Fraud Report included |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000070762 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule ([REDACTED]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-04-30): Accepted as is. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000070762 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Missing operating agreement. | Reviewer Comment (2025-04-30): Received, Clearing. Reviewer Comment (2025-04-30): Guidelines require operating agreement and do not give alternative for corporations. Seller Comment (2025-04-30): Comment from [REDACTED][REDACTED]([REDACTED][REDACTED] [REDACTED] [REDACTED][REDACTED].): Because it is a corporation, they do corporate bylaws instead of an operating agreement. That document was provided on the closing package. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | D | A | FL | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000070762 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Guidelines require[REDACTED]. Credit report and supplement reporting borrower was [REDACTED]days late on [REDACTED]. | Reviewer Comment (2025-04-30): Received, Clearing. Seller Comment (2025-04-30): Comment from [REDACTED][REDACTED]([REDACTED][REDACTED][REDACTED][REDACTED] [REDACTED].): The late payment was an error, and we have verified it. |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000071271 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Homeowners Insurance Included In Escrow Test | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [REDACTED] incorrectly disclosed whether Homeowners Insurance is included in escrow. | All of the Homeowner's separate condo unit Insurance is included in escrow; however, the insurance portion that the Condo HOA pays is not. | Reviewer Comment (2025-05-05): Accepted as is. Reviewer Comment (2025-05-05): Regraded to EV2-B as the HOI is being disclosed to the consumer, just in the incorrect line item as it should be part of Homeowners insurance, but instead was disclosed under other. Buyer Comment (2025-05-02): Comment from [REDACTED][REDACTED]([REDACTED][REDACTED]): The condo HOA collects HOA dues and pays the insurer directly. That payment does not come from the borrower. The HOA dues are paid by the borrower to the HOA, they are NOT escrowed and therefore included in the Non escrowed section. |
05/05/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000071271 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | CPA letter does not state that the use of business funds will not have a negative impact on the business. | Reviewer Comment (2025-05-07): Per guidelines, CPA letter is N/A when assets not being used for income qualification Buyer Comment (2025-05-07): Comment from [REDACTED][REDACTED]([REDACTED][REDACTED]): The guideline states if business assets are also being used to income qualify, the CPA letter is required. The funds used to cover funds due at closing are not seasoned business assets. The funds used for closing were a gift from the borrowers family member that were deposited into the account ending [REDACTED]in [REDACTED][REDACTED]while the loan was qualified with bank statements covering [REDACTED][REDACTED]-Feb [REDACTED]. The CPA letter stating the business will not be impacted by the withdrawal of business assets is not required as business assets were not used to cover the funds due at closing. |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071085 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The appraisal was not provided to the borrower within 3 days of consummation. | Reviewer Comment (2025-04-30): Accepted as is. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Second Home | Purchase | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| XXXXXX | 4000074125 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-04-30): Accepted as is. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074125 | XXXXXX | XXXXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Assets for Closing of $[REDACTED]is less than Cash From Borrower $[REDACTED]. The file was missing a proof of POCB Appraisal Fee $[REDACTED]and Credit Report Fee $[REDACTED]. |
Reviewer Comment (2025-05-05): Received Invoice for POCB of Appraisal Fee $[REDACTED]and Credit Report Fee $[REDACTED]is included in assets. Available for Closing is sufficient to cover Cash From Borrower. Exception cleared. Seller Comment (2025-05-05): Comment from [REDACTED][REDACTED]([REDACTED][REDACTED]): Hello, please see attached, thank you. |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074369 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [REDACTED]Percent Fee Tolerance exceeded for Escrow Service Fee. Fee Amount of $[REDACTED] exceeds tolerance of [REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-30): Sufficient Cure Provided At Closing |
04/30/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000074369 | XXXXXX | XXXXXX | 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 three (3) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Reviewer Comment (2025-05-01): [REDACTED]received initial CD. Seller Comment (2025-04-30): Comment from [REDACTED][REDACTED]([REDACTED] [REDACTED][REDACTED][REDACTED]): INT CD |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000074369 | XXXXXX | XXXXXX | 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 [REDACTED] [REDACTED] business days prior to closing. | [REDACTED] received [REDACTED] CD without receipt. Please provide documentation of receipt if available. The mailbox rule is applied therefore receipt date is [REDACTED]. Consummation date is [REDACTED]. [REDACTED] is day [REDACTED], [REDACTED] is day 2. Please provide documentation if the CD was received [REDACTED] [REDACTED] or earlier for review. | Reviewer Comment (2025-05-02): [REDACTED]received CD dated [REDACTED] Seller Comment (2025-05-01): Comment from [REDACTED][REDACTED]([REDACTED][REDACTED][REDACTED][REDACTED]): INTIAL CLOSING DISCLOUSRE |
05/02/2025 | 1 | A | A | A | A | A | NY | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||||||
| XXXXXX | 4000069657 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is missing. | Reviewer Comment (2025-05-02): Received Fraud Report. Exception cleared. Seller Comment (2025-05-02): Comment from [REDACTED][REDACTED]([REDACTED]): Fraud report |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073685 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Missing a [REDACTED] and current listing or signed letter of intent to sell the departure residence within 90 days of closing. | Reviewer Comment (2025-05-05): Received, Clearing. Seller Comment (2025-05-05): Comment from [REDACTED] [REDACTED]([REDACTED]): See settlement stmt. |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000069661 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Reviewer Comment (2025-05-05): Proceeds from the refinancing of two other properties used to meet the reserve requirement. Exception cleared. Seller Comment (2025-05-05): Comment from [REDACTED][REDACTED]([REDACTED]): [REDACTED]response |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000069659 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is missing from file. | Reviewer Comment (2025-05-02): Received Fraud Report. Exception cleared. Seller Comment (2025-05-02): Comment from [REDACTED][REDACTED]([REDACTED]): Fraud Report |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073522 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Missing CPA letter or cash flow analysis evidencing the use the of business funds will not have a negative impact on the business. | Reviewer Comment (2025-05-05): Business Funds excluded from Assets. Cleared. Buyer Comment (2025-05-05): Comment from [REDACTED][REDACTED]([REDACTED][REDACTED][REDACTED][REDACTED]): The assets from the business total $[REDACTED]. These funds were not needed for funds to close or reserves. Without these funds there remains sufficient funds to cover reserves and funds to close with an excess of $[REDACTED]. I have attached the asset worksheet for reference. Reviewer Comment (2025-05-05): The attached is not a cash flow analysis of the business account showing funds will not have a negative impact on the business. Seller Comment (2025-05-02): Comment from [REDACTED][REDACTED]([REDACTED][REDACTED][REDACTED][REDACTED]): See attached |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073522 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Ownership percentage must be documented via CPA letter, Operating Agreement, or equivalent. | Reviewer Comment (2025-04-30): Received, Clearing. Seller Comment (2025-04-30): Comment from [REDACTED][REDACTED]([REDACTED][REDACTED] [REDACTED][REDACTED]): Please see borrower is sole owner |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073522 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Donor Check not provided | Missing evidence of receipt of gift funds in the amount of $[REDACTED]. | Reviewer Comment (2025-05-01): Received, Clearing. Seller Comment (2025-04-30): Comment from [REDACTED][REDACTED]([REDACTED][REDACTED][REDACTED][REDACTED]): See attached |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073522 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Donor Check not provided | Missing evidence of receipt of gift funds in the amount of [REDACTED] | Reviewer Comment (2025-05-01): Received, Clearing. Seller Comment (2025-04-30): Comment from [REDACTED][REDACTED]([REDACTED][REDACTED] [REDACTED]v): See attached |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073522 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Donor Check not provided | Missing evidence of receipt of gift funds in the amount of $[REDACTED]. | Reviewer Comment (2025-05-01): Received, Clearing. Seller Comment (2025-04-30): Comment from [REDACTED][REDACTED]([REDACTED][REDACTED][REDACTED][REDACTED]): See attached |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072547 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | The file was missing a copy Business Bank statement for the month of [REDACTED] with account #[REDACTED] . | Reviewer Comment (2025-05-05): February bank statement received for this account, exception cleared. Seller Comment (2025-05-05): Comment from [REDACTED] ([REDACTED]): See attached |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072547 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[REDACTED] is over disclosed by $[REDACTED] compared to the calculated Amount Financed of $[REDACTED] 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 [REDACTED]). | Final Closing Disclosure provided on [REDACTED] disclosed an Amount Financed disclosed an inaccurate Amount Financed. | Reviewer Comment (2025-05-13): [REDACTED]received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Seller Comment (2025-05-12): Comment from [REDACTED] ([REDACTED]): Please see attached CD, Letter, proof sent to borrower and [REDACTED] Reviewer Comment (2025-05-07): [REDACTED]received conversation logs relating to appraisal order. However, no information supports the borrower's request to rush the appraisal, only lender requested. As previously stated, this is a service fee relating to lender request to rush appraisal process and ot a fee related to the determination of value. None of the conversation logs specifically confirm borrower's request to rush appraisal and fee would be a finance charge and cure would be due to borrower as the $[REDACTED]fee was not included in lender's finance charge calculations. Corrected CD, LOE to borrower, copy of cure refund to borrower for $[REDACTED]total underdisclosure & proof oof mailing. Seller Comment (2025-05-06): Comment from [REDACTED] ([REDACTED]): Please see Attached ordering appraisal conversation log Reviewer Comment (2025-05-06): The upload is vague and imprecise. Please provide documentation indicating aprdifically that borrower requested a rush on the appraisal. Conversation logs or other documentation is acceptable if it indicates borrower specifically requested the appraisal rush. Seller Comment (2025-05-05): Comment from[REDACTED] ([REDACTED]): Please see email from LO Reviewer Comment (2025-05-05): [REDACTED]received rebuttal that rush fee is extra charge for completing appraisal faster. However, the RUSH fee is a service fee and not a fee for assessing the value to exclude under 4(c)(7) regulations. The exclusion under 4(c)(7) covers Property appraisal fees or fees for inspections to assess the value or condition of the property. The fee to rush the appraisal is not a 4(c)(7) fee. If the seller can provide evidence or documentation the rush appraisal was requested by the borrower and was not imposed directly or indirectly by the creditor as an incident to or a condition of the extension of credit, we can consider exclusion from finance charge. Seller Comment (2025-05-02): Comment from [REDACTED] (A[REDACTED]): Please see attached These are extra charges for completing the appraisal faster than the standard turnaround time. They are not part of the principal amount of the loan or the interest rate, but rather an added expense for expedited service. Reviewer Comment (2025-05-02): Appraisal Rush fee is tested as a finance charge. Being a finance charge is based on fee purpose. Borrower request does not exclude the fee from testing. Buyer Comment (2025-05-01): Comment from [REDACTED][REDACTED]([REDACTED][REDACTED][REDACTED][REDACTED]): The [REDACTED]is a POC charge and the borrower requested this Fee please refer to previous COC uploaded |
05/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CO | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000072547 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED] disclosed an inaccurate Finance Charge on page [REDACTED] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[REDACTED] is under disclosed by $[REDACTED] compared to the calculated Finance Charge of $[REDACTED] which exceeds the $[REDACTED] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [REDACTED] | Final Closing Disclosure provided on [REDACTED] disclosed an inaccurate Finance Charge on [REDACTED] that does not match the actual Finance Charge for the loan. | Reviewer Comment (2025-05-13): [REDACTED]received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Seller Comment (2025-05-12): Comment from [REDACTED] ([REDACTED]): Please see attached CD, Letter, proof sent to borrower and [REDACTED] Reviewer Comment (2025-05-07): [REDACTED]received conversation logs relating to appraisal order. However, no information supports the borrower's request to rush the appraisal, only lender requested. As previously stated, this is a service fee relating to lender request to rush appraisal process and ot a fee related to the determination of value. None of the conversation logs specifically confirm borrower's request to rush appraisal and fee would be a finance charge and cure would be due to borrower as the $[REDACTED]fee was not included in lender's finance charge calculations. Corrected CD, LOE to borrower, copy of cure refund to borrower for $[REDACTED]total underdisclosure & proof oof mailing. Seller Comment (2025-05-06): Comment from [REDACTED]([REDACTED]): Please see Attached ordering appraisal conversation log Reviewer Comment (2025-05-06): The upload is vague and imprecise. Please provide documentation indicating aprdifically that borrower requested a rush on the appraisal. Conversation logs or other documentation is acceptable if it indicates borrower specifically requested the appraisal rush. Seller Comment (2025-05-05): Comment from [REDACTED] ([REDACTED]): See attached Reviewer Comment (2025-05-05): [REDACTED]received rebuttal that rush fee is extra charge for completing appraisal faster. However, the RUSH fee is a service fee and not a fee for assessing the value to exclude under 4(c)(7) regulations. The exclusion under 4(c)(7) covers Property appraisal fees or fees for inspections to assess the value or condition of the property. The fee to rush the appraisal is not a 4(c)(7) fee. If the seller can provide evidence or documentation the rush appraisal was requested by the borrower and was not imposed directly or indirectly by the creditor as an incident to or a condition of the extension of credit, we can consider exclusion from finance charge. Buyer Comment (2025-05-02): Comment from [REDACTED] ([REDACTED]): These are extra charges for completing the appraisal faster than the standard turnaround time. They are not part of the principal amount of the loan or the interest rate, but rather an added expense for expedited service. Reviewer Comment (2025-05-02): Appraisal Rush fee is tested as a finance charge. Being a finance charge is based on fee purpose. Borrower request does not exclude the fee from testing. Buyer Comment (2025-05-01): Comment from [REDACTED][REDACTED][REDACTED]([REDACTED][REDACTED][REDACTED][REDACTED]): The [REDACTED]is a POC charge and the borrower requested this Fee please refer to previous COC uploaded |
05/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CO | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000072547 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | The file was missing a copy Business Bank statement for the month of [REDACTED] with account #[REDACTED]. | Reviewer Comment (2025-05-06): [REDACTED]bank statement received for this account, exception cleared. Buyer Comment (2025-05-06): Comment from [REDACTED]([REDACTED]): This is a duplicate condition. Please see previous uploaded |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073530 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard coverage is short by $[REDACTED]. | Reviewer Comment (2025-05-01): Received Replacement Cost Estimator. Exception cleared Seller Comment (2025-05-01): Comment from [REDACTED]([REDACTED]): Please see RCE attached confirming sufficient coverage |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072828 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Receipt of Appraisal is missing. | Reviewer Comment (2025-05-01): Accepted as is. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072560 | XXXXXX | XXXXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | No evidence of title in file. | Reviewer Comment (2025-05-02): Received Prelim Title report. Exception cleared. Seller Comment (2025-05-02): Comment from [REDACTED] ([REDACTED]): Please see attached title commitment |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072560 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | HUD-1 total cash-out of ___ is greater than Guideline total cash-out of ___. | Borrower has been employed in the same industry for more than [REDACTED]years. Borrower has owned the subject property for at least[REDACTED] years. Borrower has verified disposable income of at least $[REDACTED] Borrower has worked in the same position for more than [REDACTED] years. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [REDACTED] months PITIA or more. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-22): Client exception received. Seller Comment (2025-05-21): Comment from [REDACTED]([REDACTED]): Please see attached. [REDACTED] has approved the exception. Reviewer Comment (2025-05-06): [REDACTED] - Bank Statement [REDACTED]guidelines are used as per Deal Notes and as per these guidelines Maximum Cash Out allowed is $[REDACTED]. Exception remains. Seller Comment (2025-05-06): Comment from [REDACTED]([REDACTED]): Please see attached guideline from [REDACTED] confirming the max cash out is $[REDACTED]so this meets guidelines. Please review to clear this condition. Reviewer Comment (2025-05-05): Second Lien with [REDACTED]is not a purchase money second, and therefore, included in Cash Out proceeds. Exception remains. Buyer Comment (2025-05-05): Comment from [REDACTED] ([REDACTED]): [REDACTED]is including the balance of the lien paid off on the property as cash out. Guidelines do not include paying off a subordinate lien in the cash out total. Please review to clear this condition. |
05/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000071867 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-04-30): Accepted as is. |
04/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000067383 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | Reviewer Comment (2025-05-08): Received LP, LP stated appraisal waiver is eligible. Exception Cleared. Seller Comment (2025-05-08): Comment from [REDACTED] ([REDACTED]): Loan is eligible for an appraisal waiver. |
05/08/2025 | 1 | D | A | D | A | D | A | D | A | D | A | UT | Second Home | Purchase | D | B | D | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||
| XXXXXX | 4000067383 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | Property is located in a FEMA Disaster area and has not been inspected. | Reviewer Comment (2025-05-08): Received LP, LP stated appraisal waiver is eligible. Exception Cleared. Buyer Comment (2025-05-08): Comment from[REDACTED]([REDACTED]): This is not a recent disaster. It happened in [REDACTED]. Property was built in [REDACTED] |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Second Home | Purchase | D | B | D | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| XXXXXX | 4000067383 | XXXXXX | XXXXXX | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | The file is missing a copy of the Appraisal. | Reviewer Comment (2025-05-08): Received LP, LP stated appraisal waiver is eligible. Exception Cleared. Seller Comment (2025-05-08): Comment from [REDACTED]([REDACTED]): Loan is eligible for an appraisal waiver. |
05/08/2025 | 1 | D | A | D | A | D | A | D | A | D | A | UT | Second Home | Purchase | D | B | D | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| XXXXXX | 4000067383 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized, and was originated with an Appraisal Waiver. The supporting secondary valuation is missing. Sec ID: 36 | Reviewer Comment (2025-07-01): Received, Clearing. |
07/01/2025 | 1 | A | A | A | A | A | UT | Second Home | Purchase | D | B | D | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||||||||
| XXXXXX | 4000067383 | XXXXXX | XXXXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized, and was originated with an Appraisal Waiver. Secondary Valuation supports value. Sec ID: 89 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-07-01): Accepted as is. |
07/01/2025 | 2 | B | B | B | B | B | UT | Second Home | Purchase | D | B | D | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| XXXXXX | 4000070838 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-01): Accepted as is. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000066696 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2025-05-01): Received, Clearing. Seller Comment (2025-05-01): Comment from [REDACTED] ([REDACTED]): N/A - see attached [REDACTED] - the entity was formed [REDACTED] and the loan closed [REDACTED] Not only is this less than 30 days after the entity was formed, but [REDACTED] DSCR guidelines state in Addendum 1 under Entity Documents that a COGS is only applicable if the entity has been filed for at least one taxable year |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000071921 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient, however Replacement cost estimator missing from file. | Reviewer Comment (2025-05-02): Full replacement cost is acknowledged on documentation. Exception cleared. Seller Comment (2025-05-02): Comment from [REDACTED] ([REDACTED]): Please see the attached checklist from the agent confirming the HOI policy is written to full replacement cost. |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074019 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Of Employment Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-01): Sufficient Cure Provided At Closing |
05/01/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000074019 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-01): Sufficient Cure Provided At Closing |
05/01/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000074856 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | The file was missing a copy of Credit Report. | Reviewer Comment (2025-05-05): Received Credit Report. Exception cleared. Seller Comment (2025-05-05): Comment from[REDACTED] ([REDACTED]: Please see attached. |
05/05/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NC | Primary | Purchase | D | A | D | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| XXXXXX | 4000075106 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-05-01): Accepted as is. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| XXXXXX | 4000075106 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure[REDACTED] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page [REDACTED] | Seller Closing Disclosure was not provided | Reviewer Comment (2025-05-06): [REDACTED] received Seller CD. Seller Comment (2025-05-05): Comment from [REDACTED] ([REDACTED]: Please see attached Seller Settlement Statement |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| XXXXXX | 4000074850 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) | New York Subprime Loan: Counseling Disclosure not provided to borrower. | Reviewer Comment (2025-05-01): Accepted as is. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | No obvious cure | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| XXXXXX | 4000074850 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) New York Subprime Loan (Escrow Not Established) | [REDACTED] Subprime Loan: Mandatory escrow account not established for the collection of property taxes and insurance. (Note: Does not apply to a subordinate lien when the taxes and insurance are escrowed through another home loan. It also does not apply if the borrower can demonstrate a record of 12 months of timely payments of taxes and insurance on a previous home loan.) | Reviewer Comment (2025-05-01): Accepted as is. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| XXXXXX | 4000074850 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Fixed Non-Compliant | [REDACTED] Subprime Loan: APR on subject loan of [REDACTED] % or Final Disclosure APR of [REDACTED] % is in excess of allowable threshold of Prime Mortgage Market Rate [REDACTED] + [REDACTED] %, or [REDACTED] %. Non-Compliant SubPrime Loan. | Reviewer Comment (2025-05-01): Accepted as is. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | 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. | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||
| XXXXXX | 4000074850 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) New York Subprime Loan (Provision Increasing Rate After Default) | [REDACTED]Subprime Loan: Mortgage loan contains a provision that increases interest rate after default. | Reviewer Comment (2025-05-01): Accepted as is. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | Provide the following: Letter of Explanation, modification of loan terms to remove the provision to increase the interest rate after default and proof of mailing. | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||
| XXXXXX | 4000074850 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Property Inspection Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-01): Sufficient Cure Provided At Closing |
05/01/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||
| XXXXXX | 4000072252 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Reviewer Comment (2025-05-01): Accepted as is. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073179 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | The file was missing a copy of Note Addendum - Prepayment. | Reviewer Comment (2025-05-27): PCCD, LOE and first payment letter provided. Loan does not have a prepayment penalty. Seller Comment (2025-05-27): Comment from [REDACTED]([REDACTED]): PCCD , COC, and 1st Payment letter sent to borrower Reviewer Comment (2025-05-07): The final signed CD reflects a Prepayment penalty as high as $[REDACTED]during the first [REDACTED]years Seller Comment (2025-05-07): Comment from[REDACTED]([REDACTED]): LOX and copy of Note. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | D | A | D | A | A | A | N/A | Yes | ||||||||||||||
| XXXXXX | 4000073179 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Reviewer Comment (2025-05-07): Received Guarantor Agreement. Exception cleared. Seller Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): Guaranty Agreement |
05/07/2025 | 1 | D | A | D | A | D | A | D | A | D | A | OH | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000073015 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-01): Accepted as is. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000073015 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Security Agreement notary page shows a signed date of [REDACTED]. This needs to be corrected to show [REDACTED]. | Reviewer Comment (2025-05-08): Received, Clearing. Seller Comment (2025-05-07): Comment from [REDACTED]([REDACTED]): Hello, please see attached |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000072982 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The appraisal was not provided to the borrower within 3 business days of the note date. | Reviewer Comment (2025-05-01): Accepted as is. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072982 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [REDACTED] Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan). Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-01): Sufficient Cure Provided At Closing |
05/01/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000073509 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2025-05-05): Received, Clearing. Seller Comment (2025-05-05): Comment from [REDACTED] ([REDACTED]): Please see Bank statement Reviewer Comment (2025-05-01): The documentation received shows the same balance for [REDACTED] that is input in [REDACTED]. Reserve requirement not met. Exception remains. Seller Comment (2025-05-01): Comment from[REDACTED] ([REDACTED]): Please see attached- [REDACTED] Balance |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000073805 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Appraisal acknowledgment not provided in file prior 3 days of closing. | Reviewer Comment (2025-05-02): Waived per client request |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073805 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title policy amount not provided in title Preliminary document. | Reviewer Comment (2025-05-02): Waived per client request |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072881 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing. | Reviewer Comment (2025-05-04): Received Articles of Organization/Formation. Exception cleared. Seller Comment (2025-05-02): Comment from [REDACTED] ([REDACTED]): See attached |
05/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000072881 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing. | Reviewer Comment (2025-05-09): Received, cleared Seller Comment (2025-05-09): Comment from [REDACTED] ([REDACTED]): See attached |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000072881 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) is missing. | Reviewer Comment (2025-05-09): Received Employer Identification Number for [REDACTED] [REDACTED]Exception cleared. Seller Comment (2025-05-09): Comment from [REDACTED]([REDACTED]): see attached |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000072881 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing. | Reviewer Comment (2025-05-04): Received Operating Agreement for 2[REDACTED]. Exception cleared. Seller Comment (2025-05-02): Comment from [REDACTED] ([REDACTED]): See attached |
05/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073922 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title policy amount not provided in Title preliminary document. | Reviewer Comment (2025-05-01): Accepted as is. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000072921 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | The statement, insurance and hoa verifications were not provided for [REDACTED]. | Reviewer Comment (2025-05-02): Required documents have been received, REO updated Seller Comment (2025-05-02): Comment from [REDACTED]([REDACTED].): Please see attached REO Docs |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000072921 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-01): Accepted as is. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||||
| XXXXXX | 4000071735 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) 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 three ([REDACTED]) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-01): Accepted as is. |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000071735 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance Verification is Missing | Reviewer Comment (2025-05-05): Received Letter of Explanation confirming that the property has no insurance. Exception cleared. Seller Comment (2025-05-03): Comment from [REDACTED] ([REDACTED].): Address: [REDACTED], [REDACTED]- Insurance Verification - Insurance Verification is Missing |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072319 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[REDACTED] exceeds tolerance of [REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-01): Sufficient Cure Provided At Closing |
05/01/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Purchase | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000072319 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Date valuation provided to applicant is prior to the date when valuation was performed. | Reviewer Comment (2025-05-02): Waived per client request |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072319 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower's business in existence for less than 2 years. Lender exception approved. Comp factors FICO [REDACTED] , [REDACTED] months reserves. | Borrower has verified disposable income of at least $[REDACTED]. 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 $[REDACTED]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED] The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least [REDACTED]% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-02): Client elects to waive/regrade with compensating factors. |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000072968 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Final Closing Disclosure is not provided. Please provide a Final Closing Disclosure. | Reviewer Comment (2025-05-06): Received, Clearing. Seller Comment (2025-05-06): Comment from [REDACTED] [REDACTED]): FINAL CD |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000072826 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [REDACTED] Percent Fee Tolerance exceeded. Total amount of $[REDACTED] exceeds tolerance of $[REDACTED] plus [REDACTED]% or $[REDACTED]. Insufficient or no cure was provided to the borrower. | No Cure provided in file | Reviewer Comment (2025-05-12): [REDACTED]Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Seller Comment (2025-05-09): Comment from [REDACTED] ([REDACTED]): tracking Reviewer Comment (2025-05-08): [REDACTED]Received Corrected PCCD, LOE, Refund Check and Proof of Mailing; however, XXXX tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure. Buyer Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]: see uploaded |
05/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Second Home | 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 | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| XXXXXX | 4000072826 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | No Cure provided in file | Reviewer Comment (2025-05-12): [REDACTED]Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2025-05-09): Comment from [REDACTED] ([REDACTED]: see uploaded Reviewer Comment (2025-05-08): [REDACTED]Received Corrected PCCD, LOE, Refund Check and Proof of Mailing; however, XXXX tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure. Seller Comment (2025-05-07): Comment from [REDACTED] ([REDACTED].): pccd, lox, check and label |
05/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Second Home | 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 | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| XXXXXX | 4000071935 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within [REDACTED] or [REDACTED] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-02): Waived per client request |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000066960 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | The file was missing a copy of Articles of Organization/Formation. | Reviewer Comment (2025-05-21): Cleared Articles of organization received Seller Comment (2025-05-21): Comment from Post Closing ([REDACTED]): See page 9 of attachment, Certificate of Formation Reviewer Comment (2025-05-21): Received Form W-9, Please provide Articles of Organization/Formation for [REDACTED]. Exception remains Seller Comment (2025-05-21): Comment from Post Closing ([REDACTED]): [REDACTED] |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000066960 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | The file was missing copy of Employer Identification Number (EIN). | Reviewer Comment (2025-05-20): Received Form W-9 confirming the Employer Identification Number (EIN). Exception cleared. Seller Comment (2025-05-20): Comment from Post Closing ([REDACTED]): EIN |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000066960 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | The file was missing copy of Operating Agreement. | Borrower has owned the subject property for at least[REDACTED] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least[REDACTED] months. Seasoned Borrower/Investor whose experience exceeds [REDACTED] completed projects. The representative FICO score exceeds the guideline minimum by at least [REDACTED] points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-13): Client elects to waive with compensating factors |
05/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000066960 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | The file was missing copy of Corporate Resolution. | Borrower has owned the subject property for at least[REDACTED] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least[REDACTED] months. Seasoned Borrower/Investor whose experience exceeds [REDACTED] completed projects. The representative FICO score exceeds the guideline minimum by at least [REDACTED] points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-22): Waived by buyer based on state not requiring. Seller Comment (2025-05-21): Comment from Post Closing [REDACTED]): Please see attached email, per [REDACTED]: issues pertaining to the missing OA's have been resolved. Reviewer Comment (2025-05-21): Received Articles of organization- please provide corporate resolution or operating agreement Seller Comment (2025-05-21): Comment from Post Closing [REDACTED]):[REDACTED] Reviewer Comment (2025-05-21): Received Form W-9, Please provide Corporate Resolution or Operating Agreement for [REDACTED]. Exception remains Seller Comment (2025-05-21): Comment from Post Closing ([REDACTED]):[REDACTED] Reviewer Comment (2025-05-12): Corporate Resolution is not received. Please provide Operating Agreement or Corporate Resolution for the borrowing entity [REDACTED]. Exception remains. Seller Comment (2025-05-12): Comment from Post Closing ([REDACTED]): Uploaded Corporate Resolution document. |
05/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000066960 | XXXXXX | XXXXXX | Credit | Investment Product | General | Investment Product | REO property does not have a lease in place and required by guidelines. | - | Lease agreement missing in file. | Reviewer Comment (2025-05-22): Received updated [REDACTED]confirming that the property is recently remodeled, hence property was vacant and lease agreement not required. Exception cleared Seller Comment (2025-05-21): Comment from Post Closing ([REDACTED]): Rebuttal, appraisal and LOE Reviewer Comment (2025-05-14): Lease agreement was not received. This is a refinance of a vacant property with no recent renovations listed on the appraisals. Exception remains. Seller Comment (2025-05-14): Comment from Post Closing ([REDACTED]): Please find the attached document |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000066960 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. Coverage is short $[REDACTED]. | Reviewer Comment (2025-05-20): Received Replacement Cost Estimator and the shortfall is covered. Exception cleared. Seller Comment (2025-05-20): Comment from Post Closing ([REDACTED]): [REDACTED] |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075037 | XXXXXX | XXXXXX | 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 three (3) business days of application. | Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | Reviewer Comment (2025-05-06): [REDACTED] received initial LE dated [REDACTED] Seller Comment (2025-05-05): Comment from [REDACTED] ([REDACTED]): le |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075037 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-01): Sufficient Cure Provided At Closing |
05/01/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000075037 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Approval is Missing | Reviewer Comment (2025-05-05): Received, Clearing. Seller Comment (2025-05-05): Comment from [REDACTED] ([REDACTED]e): approval |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075037 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided | Provided 1008 is not legible | Reviewer Comment (2025-05-05): Received, Clearing. Seller Comment (2025-05-05): Comment from [REDACTED] ([REDACTED]: 1008 |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075037 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title policy is within [REDACTED] and does not reflect a coverage amount (no final title policy in file). | Reviewer Comment (2025-05-02): Waived per client request |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000069318 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower is living rent free and does not have a landlord history. | 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 [REDACTED]% and $[REDACTED]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-01): Client elects to waive with compensating factors |
05/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000074186 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | Section 5a of the final 1003 is incomplete | Reviewer Comment (2025-05-05): Corrected 1003 provided. Cleared. Seller Comment (2025-05-05): Comment from [REDACTED] ([REDACTED]): [REDACTED]: attached |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074214 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure to the borrower provided at closing. | Reviewer Comment (2025-05-02): Sufficient Cure Provided At Closing |
05/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000074434 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard coverage of $[REDACTED]is sufficient to cover the mortgage amount of XXXXX XXX, however is insufficient to cover the estimated cost new of $[REDACTED]. Please provide a letter from the Insurer stating the maximum insurable amount and/or a replacement costs estimator from the insurer. | Reviewer Comment (2025-05-08): Cleared RCE was received. Seller Comment (2025-05-08): Comment from [REDACTED] ([REDACTED]): uploaded attached RCE Reviewer Comment (2025-05-06): File did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED]% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED]. Exception remains. Seller Comment (2025-05-06): Comment from [REDACTED]([REDACTED]): on the binder there shows coverage D that is fair rental value, actual loss sustained, please confirm if that is sufficient or if something more is needed |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074177 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by[REDACTED]Provide updated policy reflecting minimum coverage of [REDACTED] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-05-06): Insurance coverage is greater than the loan amount and greater than [REDACTED]% of the estimated cost new Seller Comment (2025-05-06): Comment from[REDACTED] ([REDACTED]: Cost Approach for insurance and insurance estimator Reviewer Comment (2025-05-02): File did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED]% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED]. Exception remains. Buyer Comment (2025-05-02): Comment from [REDACTED] ([REDACTED]): The insurance is more than our loan amount and we have replacement cost. The loan amount if [REDACTED] - insurance is for [REDACTED]. Plus has replacement cost coverage - we should not have to insure for more than loan amount |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Purchase | C | B | C | A | B | B | C | A | N/A | No | ||||||||||||
| XXXXXX | 4000074177 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | - | The file was missing copy of 1004D/442. | Reviewer Comment (2025-05-02): Received appraisal completed as-is Seller Comment (2025-05-02): Comment from [REDACTED] ([REDACTED]): Appraisal |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Purchase | C | B | C | A | B | B | C | A | N/A | No | |||||||||||
| XXXXXX | 4000074177 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-02): Accepted as is per client |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Investment | Purchase | C | B | C | A | B | B | C | A | N/A | No | |||||||||||
| XXXXXX | 4000072918 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Title Policy Coverage is $[REDACTED] and the Loan amount is $[REDACTED]. | Reviewer Comment (2025-05-02): Waived per client request |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072918 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [REDACTED]is less than Guideline PITIA months reserves of [REDACTED]. | Reviewer Comment (2025-05-14): Sufficient reserves verified using actual PITI payment Reviewer Comment (2025-05-13): As per Deal Notes, "[REDACTED] is used. As per these guidelines, [REDACTED]Months reserves required for loan amount [REDACTED] Please provide additional assets. Exception remains. Seller Comment (2025-05-13): Comment from [REDACTED] ([REDACTED].): This is [REDACTED]'s guideline stating reserves are based off actual PITIA. not the qual rate. Reviewer Comment (2025-05-11): As per [REDACTED]Guidelines NonQM [REDACTED]guidelines qualifying rate is Higher of Fully Indexed or Note Rate, hence system calculated as per qualifying method PITIA is $[REDACTED]and as per guidelines reserves required is [REDACTED]months ([REDACTED]$[REDACTED]), however available reserves are $[REDACTED]and short fall of $[REDACTED]. Please provide additional assets. Exception remains. Buyer Comment (2025-05-09): Comment from [REDACTED] [REDACTED].): The reserves are based on Note rate not the qualifying rate. So, the required 9mo. PITIA reserves will be $[REDACTED]not the $[REDACTED]. Investor guideline does not state that reserves must be based on qual rate. Reviewer Comment (2025-05-07): Received #[REDACTED]bank statement $[REDACTED]funds already included in assets. However, Assets Available for Reserves of $[REDACTED]is less than Guideline Available for Reserves of $[REDACTED](=[REDACTED]* PITIA $[REDACTED]) and short fall of $[REDACTED]. Please provide additional assets. Exception remains. Seller Comment (2025-05-07): Comment from [REDACTED] ([REDACTED].): Total Required for reserves: $ [REDACTED] Per Closing Disclosures, no closing costs required. Borrower has over $ [REDACTED]in XXXX Account. |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072918 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Do not have sufficient reserves | Reviewer Comment (2025-05-14): Sufficient reserves met using actual PITI payment Seller Comment (2025-05-13): Comment from [REDACTED] ([REDACTED].): This is [REDACTED]'s guideline stating reserves are based off actual PITIA. not the qual rate. Reviewer Comment (2025-05-12): As per[REDACTED] Guidelines NonQM [REDACTED]guidelines qualifying rate is Higher of Fully Indexed or Note Rate, hence system calculated as per qualifying method PITIA is $[REDACTED]and as per guidelines reserves required is [REDACTED]months ([REDACTED]), however available reserves are $[REDACTED]and short fall of $[REDACTED]. Please provide additional assets. Exception remains. Buyer Comment (2025-05-09): Comment from [REDACTED] ([REDACTED]): The reserves are based on Note rate not the qualifying rate. So, the required 9mo. PITIA reserves will be $[REDACTED] not the $[REDACTED]. Investor guideline does not state that reserves must be based on qual rate. Reviewer Comment (2025-05-08): Received #[REDACTED]bank statement $[REDACTED] funds already included in assets. However, Assets Available for Reserves of $[REDACTED]is less than Guideline Available for Reserves of $[REDACTED](=[REDACTED]* PITIA $[REDACTED]) and short fall of $[REDACTED]. Please provide additional assets. Exception remains. Seller Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]: Total Required for reserves: $ [REDACTED]Per Closing Disclosures, no closing costs required. Borrower has over $ [REDACTED]in [REDACTED] |
05/14/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000072918 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay [REDACTED]): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Do not have sufficient reserves | Reviewer Comment (2025-05-14): Sufficient reserves met using actual PITI payment Seller Comment (2025-05-13): Comment from[REDACTED] ([REDACTED].): This is [REDACTED]'s guideline stating reserves are based off actual PITIA. not the qual rate. Reviewer Comment (2025-05-12): As per [REDACTED] Guidelines NonQM [REDACTED]guidelines qualifying rate is Higher of Fully Indexed or Note Rate, hence system calculated as per qualifying method PITIA is $[REDACTED]and as per guidelines reserves required is [REDACTED]months ([REDACTED]), however available reserves are $[REDACTED]and short fall of $[REDACTED]. Please provide additional assets. Exception remains. Buyer Comment (2025-05-09): Comment from [REDACTED] ([REDACTED].): The reserves are based on Note rate not the qualifying rate. So, the required 9mo. PITIA reserves will be $[REDACTED]not the $[REDACTED]. Investor guideline does not state that reserves must be based on qual rate. Reviewer Comment (2025-05-08): Received #[REDACTED]bank statement $[REDACTED]funds already included in assets. However, Assets Available for Reserves of $[REDACTED]is less than Guideline Available for Reserves of $[REDACTED](=[REDACTED]* PITIA $[REDACTED]) and short fall of $[REDACTED]. Please provide additional assets. Exception remains. Seller Comment (2025-05-07): Comment from[REDACTED] ([REDACTED]): Total Required for reserves: $ [REDACTED]Per Closing Disclosures, no closing costs required. Borrower has over $ [REDACTED]in [REDACTED] Account. |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074546 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-02): Accepted as is per client |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000074412 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-02): Accepted as is per client |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074412 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-08): Received, Clearing. Seller Comment (2025-05-07): Comment from [REDACTED]([REDACTED]): Hello, please see attached, thank you. |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074412 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-08): Received, Clearing. Reviewer Comment (2025-05-07): Acknowledgement of receipt of appraisal report not signed within [REDACTED]days prior to closing. Exception remains. Seller Comment (2025-05-07): Comment from [REDACTED]([REDACTED]): Hello, please see attached, thank you. |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074412 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Coverage is short by $[REDACTED]. | Reviewer Comment (2025-05-08): Received Replacement Cost Estimator. Exception cleared Seller Comment (2025-05-08): Comment from [REDACTED] ([REDACTED]): Hello, please see attached, thank you. |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074412 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. 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 (2025-05-02): Accepted as is per client |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074412 | XXXXXX | XXXXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Assets for Closing of $[REDACTED] is less than Cash From Borrower $[REDACTED]. | Reviewer Comment (2025-05-08): Received, Clearing. Seller Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): Hello, please see attached, thank you. |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074408 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) | [REDACTED] Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. | [REDACTED] Higher Priced Disclosure is missing. Compliance Report in file reflects an Alert Status for Higher Priced Mortgagr. | Reviewer Comment (2025-05-02): Accepted as is per client |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074408 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | Maryland HPML Threshold Test Non-Compliant | [REDACTED] Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant Higher Priced Loan. | APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant Higher Priced Loan. | Reviewer Comment (2025-05-02): Accepted as is per client |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074408 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Qualification Method not Matching ATR | Ability to Repay (Dodd-Frank 2014): The Qualification Method used by the lender does not match the ATR payment calculation methods under 1026.43(c)(5). | Qualification Method is Average Monthly income. | Reviewer Comment (2025-05-02): Accepted as is per client |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070630 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The appraisal was not provided to the borrower within 3 business days of the note date. | Reviewer Comment (2025-05-02): Waived per client request |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000074835 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | [REDACTED]/[REDACTED] is missing. | Reviewer Comment (2025-05-05): 1008 received, exception cleared. Seller Comment (2025-05-05): Comment from [REDACTED] ([REDACTED]): 1008 |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000074835 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is missing. | Reviewer Comment (2025-05-05): Fraud report received, exception cleared. Seller Comment (2025-05-05): Comment from [REDACTED] ([REDACTED]): Fraud Report |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000074835 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The appraisal was not provided to the borrower within 3 business days of the note date. | Reviewer Comment (2025-05-02): Accepted as is per client. |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000074835 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-05): Title commitment received with a policy amount greater than the loan, exception cleared. Seller Comment (2025-05-05): Comment from [REDACTED] ([REDACTED]): title report |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||
| XXXXXX | 4000073691 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | No documentation in the loan file to evidence borrower was provided with a copy of the appraisal at least 3 business days prior to closing. | Reviewer Comment (2025-05-02): Waived per client request |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073691 | XXXXXX | XXXXXX | 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). | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | Reviewer Comment (2025-05-09): Received, Clearing. Seller Comment (2025-05-08): Comment from [REDACTED] ([REDACTED]): Hello, please see attached, thank you. Reviewer Comment (2025-05-08): The RTC in the file isn't valid as expiration wasn't till [REDACTED] while RTC reflects [REDACTED]. Seller Comment (2025-05-07): Comment from[REDACTED]([REDACTED]): Hello, please see attached, thank you. |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000071452 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The tax and HOA docs were not provided for[REDACTED] | Reviewer Comment (2025-05-21): Required documentation received for this property, exception cleared. Seller Comment (2025-05-21): Comment from [REDACTED] ([REDACTED]): Please see attached |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000071452 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The statement and tax verification were not provided for [REDACTED]. | Reviewer Comment (2025-05-21): Required documentation received for this property, exception cleared. Seller Comment (2025-05-21): Comment from [REDACTED] ([REDACTED]): Please see attached |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000071452 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The mortgage statement or closing disclosure was not provided for [REDACTED] | Reviewer Comment (2025-05-21): Required documentation received for this property, exception cleared. Seller Comment (2025-05-21): Comment from [REDACTED] ([REDACTED]): Please see attached |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000074609 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-02): Waived per client request |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074609 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-02): Waived per client request |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072854 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | [REDACTED] in file. | Reviewer Comment (2025-05-08): Loan Originated with Appraisal Waiver and AVM is provided. Exception cleared. Seller Comment (2025-05-08): Comment from [REDACTED]([REDACTED]): PCI |
05/08/2025 | 1 | D | A | D | A | D | A | D | A | D | A | AZ | Second Home | Purchase | D | B | A | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| XXXXXX | 4000072854 | XXXXXX | XXXXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized, and was originated with an Appraisal Waiver. Secondary Valuation supports value. Sec ID: 89 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-05-09): Accepted as is. |
05/09/2025 | 2 | B | B | B | B | B | AZ | Second Home | Purchase | D | B | A | A | A | A | D | B | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||||||||
| XXXXXX | 4000074663 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Source for $[REDACTED] EMD was not provided. | Reviewer Comment (2025-05-05): Wire for EMD was provided. Cleared Seller Comment (2025-05-05): Comment from [REDACTED] ([REDACTED]): assets |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000070356 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-02): Accepted as is per client |
05/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000071395 | XXXXXX | XXXXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2025-05-05): Document received, exception cleared Seller Comment (2025-05-05): Comment from[REDACTED] ([REDACTED]): Econsent |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000072836 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-07): After further review, exception cleared. Buyer Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): Please see Page [REDACTED]out of [REDACTED]from the package uploaded showing Title Coverage of $[REDACTED]. |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000074506 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is $[REDACTED] plus $[REDACTED]Extended Coverage for total coverage amount of $[REDACTED] leaving a coverage shortfall of $[REDACTED] based on loan amount of $[REDACTED]. Insurance policy dec page reflects dwelling replacement coverage however, percentage or dollar amount is not provided | Reviewer Comment (2025-05-06): RCE provided. Cleared. Seller Comment (2025-05-06): Comment from [REDACTED] ([REDACTED]): there is replacement cost estimator provided |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Second Home | Purchase | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| XXXXXX | 4000067123 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Insurance Verification, Statement & Tax Verification is missing. | Reviewer Comment (2025-05-06): Received, Clearing. Seller Comment (2025-05-06): Comment from [REDACTED] ([REDACTED]): [REDACTED]tm: Final CD attached verifying PITIA |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000072791 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within CA and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-05): Accepted as is. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | Non QM | No | |||||||||||
| XXXXXX | 4000073011 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Preliminary Title Report does not list coverage amount. | Reviewer Comment (2025-05-05): Accepted as is. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000073011 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Receipt of Appraisal is missing. | Reviewer Comment (2025-05-05): Accepted as is. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000072554 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000072554 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000074648 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within [REDACTED] or [REDACTED] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-05): Accepted as is. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074648 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-05): Accepted as is. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072638 | XXXXXX | XXXXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-05-06): Final title received |
05/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000072638 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-06): Final title received Seller Comment (2025-05-06): Comment from Purchase Clearing ([REDACTED]): Final Title Policy. Reviewer Comment (2025-05-05): The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. Exception remains. Seller Comment (2025-05-05): Comment from Purchase Clearing ([REDACTED]): Title Commitment. |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000071856 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Subject hazard insurance premium is missing from evidence of insurance. | The file is missing a copy of the Hazard Insurance. | Reviewer Comment (2025-05-06): Received, Clearing. Seller Comment (2025-05-06): Comment from [REDACTED] ([REDACTED]): The file is missing a copy of the Hazard Insurance. |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071856 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Missing condo master insurance policy. | Reviewer Comment (2025-05-06): Received, Clearing. Seller Comment (2025-05-06): Comment from [REDACTED]([REDACTED]): Missing condo master insurance policy |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071856 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-05): Accepted as is. |
05/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071856 | XXXXXX | XXXXXX | 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 (2025-05-08): Received, Clearing. Seller Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): Please see attached |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071856 | XXXXXX | XXXXXX | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) | [REDACTED] ([REDACTED]): Mortgage loan contains a late charge that exceeds the greater of[REDACTED] of the amount past due or grace period of less than [REDACTED] | Reviewer Comment (2025-05-08): Received, Clearing. Seller Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): Please see attached |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071856 | XXXXXX | XXXXXX | 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 [REDACTED]% is in excess of the allowable maximum of [REDACTED]% of the Federal Total Loan Amount. Points and Fees of $[REDACTED] on a Federal Total Loan Amount of $[REDACTED]vs. an allowable total of $[REDACTED] (an overage of $[REDACTED] or .[REDACTED]%). Non-Compliant High Cost Loan. | Reviewer Comment (2025-05-08): Received, Clearing. Seller Comment (2025-05-08): Comment from [REDACTED] ([REDACTED].): Please see attached |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | 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 | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000071856 | XXXXXX | XXXXXX | 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 (2025-05-08): Received, Clearing. Seller Comment (2025-05-07): Comment from[REDACTED]: Please see attached |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071856 | XXXXXX | XXXXXX | 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 three (3) business days of application. Initial Loan Estimate dated [REDACTED] 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 (2025-05-08): SItusAMC received earliest e-consent dated[REDACTED] Seller Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): Please see attached |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072522 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[REDACTED] exceeds tolerance of $[REDACTED] plus [REDACTED]% or $[REDACTED]. Insufficient or no cure was provided to the borrower. | No cure was provided. | Reviewer Comment (2025-05-07): [REDACTED]received [REDACTED]for fee bifurcation of recording and transfer tax. Seller Comment (2025-05-06): Comment from [REDACTED] (Community Savings): See attached LOX |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | 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 | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| XXXXXX | 4000072522 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [REDACTED] exceeds tolerance of [REDACTED] Insufficient or no cure was provided to the borrower. | No cure was provided. | Reviewer Comment (2025-05-07): [REDACTED]received [REDACTED]for fee bifurcation of recording and transfer tax. Seller Comment (2025-05-06): Comment from [REDACTED] ([REDACTED]: See attached LOX |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | 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 | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| XXXXXX | 4000072522 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary/Commitment 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 on the title preliminary document. | Reviewer Comment (2025-05-05): Received, Clearing. Seller Comment (2025-05-05): Comment from [REDACTED]([REDACTED]): Please see attached title policy that clearly shows the policy amount of $[REDACTED] |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| XXXXXX | 4000073863 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [REDACTED] months ownership. 12 months ownership required for Cash-Out Refinance. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [REDACTED] | SitusAMC | Reviewer Comment (2025-05-06): Client elected to waive/regrade with compensating factors. Lender exception provided. Seller Comment (2025-05-06): Comment from [REDACTED] ([REDACTED]): see attached approved exception |
05/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | DC | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000074209 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM | CDFI Bank Originated Loan submitted as Non Exempt | Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt. QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule. TILA loan designation remains ATR Exempt. | Reviewer Comment (2025-05-07): Accepted as is. Buyer Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): We are a non-qm wholesale lender. Please advise what action needs to be taken |
05/07/2025 | 2 | A | A | A | A | A | A | A | A | A | A | FL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | |||||||||||
| XXXXXX | 4000074209 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | The file was missing a copy of Insurance Verification | Reviewer Comment (2025-05-07): Per fraud report, property is vacant land Buyer Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]: [REDACTED] is a piece of land and does not have HOI only taxes |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | Exempt from ATR | No | ||||||||||
| XXXXXX | 4000073622 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | The file did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED]% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost, the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED] | Reviewer Comment (2025-05-09): Received, Clearing. Seller Comment (2025-05-09): Comment from[REDACTED] ([REDACTED]): Please see attached, RCE confirming the replacement cost is the coverage amount |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073622 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [REDACTED] exceeds tolerance of [REDACTED] plus [REDACTED] or [REDACTED]. Insufficient or no cure was provided to the borrower. | No cure provided. | Reviewer Comment (2025-05-14): [REDACTED]received [REDACTED], LOE, proof of mailing & copy of refund check. Seller Comment (2025-05-13): Comment from [REDACTED] ([REDACTED]): Please see attached, [REDACTED], LOE, and cure check. |
05/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000073622 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The mortgage statement was not provided for [REDACTED]. | Reviewer Comment (2025-05-08): After further review, exception has been cleared. Buyer Comment (2025-05-08): Comment from [REDACTED]([REDACTED]): Mortgage statement is not required. We took the more conservative route and used the monthly payment amount on the credit report as P&I. Taxes and insurance were confirmed separately and added to the payment already reported on the credit report. Please clear this exception. Reviewer Comment (2025-05-07): Mortgage Statement required. Credit report does specify if T&I are included in payment. Exception remains. Buyer Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): Mortgage statement not required. full loan information an payment amount is on the credit report. |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073622 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | CPA letter indicating the use of business funds will not have a negative impact on the business or cash flow analysis. | Reviewer Comment (2025-05-07): Business funds removed from assets. Cleared. Buyer Comment (2025-05-07): Comment from [REDACTED]([REDACTED]): We do not require a [REDACTED]letter for these funds. However, the amount in the brokerage account is enough to cover the FTC and reserves, so the business account could be disregarded and the assets would still qualify. |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073622 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | CPA letter indicating the use of business funds will not have a negative impact on the business or cash flow analysis. | Reviewer Comment (2025-05-07): Business funds removed from assets. Cleared. Buyer Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): We do not require a [REDACTED]letter for these funds. However, the amount in the brokerage account is enough to cover the FTC and reserves, so the business account could be disregarded and the assets would still qualify. |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072609 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MT | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072609 | XXXXXX | XXXXXX | 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 three (3) business days of application. | Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within three (3) business days of application. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MT | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072609 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $three exceeds tolerance of $[REDACTED] plus [REDACTED]% or $three. Sufficient or excess cure was provided to the borrower at Closing. | Ten Percent Fee Tolerance exceeded. Total amount of $[REDACTED] exceeds tolerance of $[REDACTED] plus [REDACTED]% or $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-05): Sufficient Cure Provided At Closing |
05/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MT | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000072609 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | File did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED] of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods. Coverage is insufficient by [REDACTED] | Reviewer Comment (2025-05-06): Received Replacement Cost Estimator. Exception cleared. Seller Comment (2025-05-06): Comment from[REDACTED] ([REDACTED]): Hello, please see attached RCE |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MT | Primary | Refinance - Rate/Term | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072609 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[REDACTED]exceeds tolerance of $[REDACTED]plus [REDACTED]% or $[REDACTED]. Insufficient or no cure was provided to the borrower. | Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-07): 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 (2025-05-06): Comment from [REDACTED] ([REDACTED]): Hello, please see attached |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MT | 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 | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000071572 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within [REDACTED] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071572 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | The file did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED] % of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost, the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED]. | Reviewer Comment (2025-05-07): Received HOA master policy, Exception Cleared. Seller Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): HOA has master policy for the project, attached. Walls in insurance does not carry minimum coverage requirement. Please clear |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074494 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Unacceptable mortgage history, Guidelines required[REDACTED]. [REDACTED] on primary within [REDACTED]months [REDACTED]. | Reviewer Comment (2025-05-13): Received, Clearing. Seller Comment (2025-05-12): Comment from [REDACTED] ([REDACTED]): Please see attached payment history. [REDACTED] payment will not be counted within [REDACTED]months from the note date. |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074226 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Legal Description not provided | Legal Description is missing. | Reviewer Comment (2025-05-09): Legal Description provided. Cleared. Seller Comment (2025-05-09): Comment from [REDACTED] ([REDACTED]): recorded deed attached |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000072019 | XXXXXX | XXXXXX | Compliance | TRID | Document Error | TRID | Closing Disclosure: Dates are not in chronological order. | - Issue Date: ___; Received Date: ___; Signed Date: ___ | Closing Disclosure: Dates are not in chronological order. Issue Date:[REDACTED]; Received Date: [REDACTED]; Signed Date: [REDACTED] | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000070797 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Lease Agreement is missing. | Reviewer Comment (2025-05-08): [REDACTED]Stmts provided. Clearing Seller Comment (2025-05-08): Comment from [REDACTED] ([REDACTED].): XXXXX |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070797 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Lease Agreement is missing. | Reviewer Comment (2025-05-08): [REDACTED]Stmts provided. Clearing Seller Comment (2025-05-08): Comment from [REDACTED] ([REDACTED]): XXXXX |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070797 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Lease Agreement is missing. | Reviewer Comment (2025-05-08): [REDACTED]Stmts provided. Clearing Seller Comment (2025-05-08): Comment from [REDACTED] ([REDACTED]): XXXXX |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070797 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Lease Agreement missing. | Reviewer Comment (2025-05-08): [REDACTED]Stmts provided. Clearing |
05/08/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000070797 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO 25% Method | Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income ([REDACTED] % Method) using reasonably reliable third-party records. | Lease Agreement missing. | Reviewer Comment (2025-05-08): [REDACTED]Stmts provided. Clearing |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070797 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO 25% Method | Ability to Repay ([REDACTED]): Unable to verify Real Estate Owned income ([REDACTED]% Method) using reasonably reliable third-party records. | Lease Agreement missing. | Reviewer Comment (2025-05-08): [REDACTED]Stmts provided. Clearing |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070797 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO 25% Method | Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income ([REDACTED]% Method) using reasonably reliable third-party records. | Lease Agreement missing. | Reviewer Comment (2025-05-08): [REDACTED]Stmts provided. Clearing |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070797 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay ([REDACTED]): General Ability-to-Repay requirements not satisfied. | Lease Agreement missing. | Reviewer Comment (2025-05-08): [REDACTED]Stmts provided. Clearing |
05/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070857 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000072818 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072818 | XXXXXX | XXXXXX | 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 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of[REDACTED]% moderately exceeds the guideline maximum of [REDACTED]%. (DTI Exception is eligible to be regraded with compensating factors.) | [REDACTED]% moderately exceeds the guideline maximum of[REDACTED]%. | Borrower has verified disposable income of at least $[REDACTED] Borrowers made a down payment from their own funds on this purchase transaction of at least [REDACTED]% and $[REDACTED]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-06): Client elected to waive/regrade with compensating factors. Lender exception provided. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| XXXXXX | 4000072818 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | debt ratio of [REDACTED]% exceeds Guideline total debt ratio of [REDACTED]%. | Borrower has verified disposable income of at least $[REDACTED] Borrowers made a down payment from their own funds on this purchase transaction of at least [REDACTED]% and $[REDACTED]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-06): Client elected to waive/regrade with compensating factors. Lender exception provided. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| XXXXXX | 4000074874 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating agreement is missing in the file. | Reviewer Comment (2025-05-06): Borrower sent in a letter stating that they do not have an operating agreement. Per internet search [REDACTED]are not required to have operating agreements in the state of Florida. Exception cleared. Seller Comment (2025-05-06): Comment from[REDACTED] ([REDACTED]): See attached |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073837 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | The file was missing a copy Insurance Verification, Tax Verification. | Reviewer Comment (2025-05-16): Received, Clearing. Seller Comment (2025-05-16): Comment from [REDACTED] ([REDACTED]):[REDACTED]: the property profile report confirms the property is vacant, no HOI is needed. verification of taxes are attached |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073837 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee. Fee Amount of [REDACTED] exceeds tolerance of [REDACTED]. Insufficient or no cure was provided to the borrower. | No cure was provided. | Reviewer Comment (2025-05-08): [REDACTED]received valid COC dared [REDACTED] Seller Comment (2025-05-06): Comment from [REDACTED]([REDACTED]): CT[REDACTED]: Please see the attached COC and corresponding disclosure. XXXX was utilized, this loan required less work to originate, compensation plan needed to be changed in order to decrease this origination cost to the borrower |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000072915 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within [REDACTED] or [REDACTED]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000072915 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | The file did not contain an estimated cost to replace from insurer. Calculations are based on 80% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost, the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED] | Reviewer Comment (2025-05-09): Policy reflects [REDACTED]% replacement cost, sufficient per [REDACTED] Reviewer Comment (2025-05-09): Document provided insufficient. Please provide RCE amount. Exception remains. Seller Comment (2025-05-09): Comment from [REDACTED] ([REDACTED]): Replacement Cost Estimator |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000072915 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The mortgage statement was not provided for [REDACTED]. | Reviewer Comment (2025-05-09): Statement provided. Cleared Seller Comment (2025-05-09): Comment from [REDACTED]([REDACTED]): [REDACTED] |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000072915 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The mortgage statement was not provided for [REDACTED]. | Reviewer Comment (2025-05-09): Statement provided. Cleared Seller Comment (2025-05-09): Comment from [REDACTED] ([REDACTED]): [REDACTED] |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000072915 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The mortgage statement was not provided for [REDACTED]. | Reviewer Comment (2025-05-09): Mortgage reports on the credit report |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000073005 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: AUS not provided | File is missing required AUS. | Reviewer Comment (2025-05-09): AUS provided. Cleared. Seller Comment (2025-05-09): Comment from [REDACTED] ([REDACTED].): Final [REDACTED] |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Second Home | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074723 | XXXXXX | XXXXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign document was missing in the file. | Reviewer Comment (2025-05-08): Cleared e-sign was received. Seller Comment (2025-05-08): Comment from [REDACTED] ([REDACTED].): Econsent docs |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074723 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074723 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | There was no cure was provided to the borrower and the file did not contain a valid COC for the addition of the fee. | Reviewer Comment (2025-05-16): [REDACTED]Received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Seller Comment (2025-05-15): Comment from [REDACTED] ([REDACTED]): PCCD with cure |
05/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000074723 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Need a [REDACTED] month housing history for the borrowers. | Reviewer Comment (2025-05-21): Received, Clearing. Seller Comment (2025-05-20): Comment from [REDACTED] ([REDACTED].): Rating on on credit report as mortgage was transferred and the mortgage statement showing no lates Reviewer Comment (2025-05-08): [REDACTED] housing history is required, per guidelines. Exception remains. Seller Comment (2025-05-08): Comment from [REDACTED] ([REDACTED].): Housing history is on the [REDACTED] |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074723 | XXXXXX | XXXXXX | 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 three (3) business days of application. Initial Loan Estimate dated [REDACTED] 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. | LE delivered on [REDACTED] prior to date the E-sign consent was signed. | Reviewer Comment (2025-05-14): [REDACTED]received rebuttal comment and compliance report indicates that electronic Consent date accepted on [REDACTED] Seller Comment (2025-05-13): Comment from [REDACTED] ([REDACTED]): See page [REDACTED]econsent dated [REDACTED] |
05/14/2025 | 1 | A | A | A | A | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXXXX | 4000074549 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | The file was missing a copy of Approval or 1008. | Reviewer Comment (2025-05-08): Received, Clearing. Seller Comment (2025-05-08): Comment from Purchasing Team ([REDACTED]: [REDACTED] |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071275 | XXXXXX | XXXXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation does not support the value used to qualify. Sec ID: 7 | Highest level secondary valuation does not support the value used to qualify. | Reviewer Comment (2025-05-15): Clearing for updated. Reviewer Comment (2025-05-15): . Reviewer Comment (2025-05-15): Field review received and value is supported Seller Comment (2025-05-15): Comment from [REDACTED] ([REDACTED]): Field Review Report Reviewer Comment (2025-05-08): The appraisal on file reflects a value of $[REDACTED], the desk review reflects a value of $[REDACTED] which is a variance of [REDACTED]. An acceptable variance is [REDACTED] or less. Buyer Comment (2025-05-08): Comment from [REDACTED] ([REDACTED].): Please confirm acceptable variance and if [REDACTED] is not acceptable, are you wanting an additional field review? Please advise. thank you |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | A | A | C | B | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071275 | XXXXXX | XXXXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation supports the value. There is a lower level tertiary product that does not support the qualifying value. Sec ID: 22 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | A | A | A | A | B | GA | Primary | Refinance - Cash-out - Other | C | B | A | A | A | A | C | B | Non QM | Non QM | No | ||||||||||||||||
| XXXXXX | 4000074129 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file was missing a copy of Statement. | Reviewer Comment (2025-05-07): Received Closing Disclosure confirms the PITIA amount. Exception cleared. Seller Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): See attached. |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000074129 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000074129 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000074080 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074080 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | File did not contain an estimated cost to replace from insurer. Calculations are based on 80% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED]. | Reviewer Comment (2025-05-08): RCE received, insurance shortfall cured. Exception cleared. Seller Comment (2025-05-08): Comment from [REDACTED]([REDACTED]): Hello, please see attached, thank you. |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071713 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Hazard Insurance Policy is missing. | Reviewer Comment (2025-05-06): Received Hazard Insurance Policy. Exception cleared. Seller Comment (2025-05-06): Comment from [REDACTED]([REDACTED]): See attached |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074315 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | Misc. State Level | Virginia Mortgage Lender and Broker Act (Dual Agency Compensation Without Notice) | Virginia Mortgage Lender and Broker Act: Mortgage broker also acting as agent has received compensation from the borrower without providing a written agreement to the borrower. | Mortgage broker also acting as agent has received compensation from the borrower without providing a written agreement to the borrower. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074315 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard insurance is insufficient with a shortage of $[REDACTED] . Provide Replacement cost estimator. | Reviewer Comment (2025-05-07): Received Replacement Cost Estimator. Exception cleared Seller Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): RCE attached. |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074383 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | [REDACTED] ([REDACTED]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | [REDACTED] ([REDACTED]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. (Type:[REDACTED]) | Reviewer Comment (2025-05-07): Accepted as is. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074085 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Preliminary Title does not list coverage amount. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074128 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [REDACTED] [REDACTED] 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 [REDACTED] [REDACTED] business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000074128 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage Statement is Missing in the file for this property [REDACTED]. | Reviewer Comment (2025-05-07): Received Closing Disclosure confirms the PITIA amount. Exception cleared. Seller Comment (2025-05-07): Comment from [REDACTED]([REDACTED]): Please see attached |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000074128 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000075398 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000075398 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV 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 on the title preliminary document. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000075398 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | File is missing a copy of the borrower's [REDACTED]. | Reviewer Comment (2025-05-13): Received, Clearing. Seller Comment (2025-05-12): Comment from [REDACTED] ([REDACTED]):[REDACTED] |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000066678 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) 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 three (3) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-07): Accepted as is. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000066678 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Allow to use credit report dated [REDACTED]. Lender exception approved. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $[REDACTED]. Borrower has worked in the same position for more than [REDACTED] The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-07): Client elects to waive/regrade with compensating factors. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||
| XXXXXX | 4000066678 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The [REDACTED] lender exception form must be completely filled out. | Reviewer Comment (2025-05-28): [REDACTED] completed Lender Exception provided. Cleared. Seller Comment (2025-05-28): Comment from [REDACTED] ([REDACTED]): [REDACTED] Approved Exception attached |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000066678 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Allow to use current appraised value for LTV determination due to transferring ownership from LLC. Lender exception approved. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $[REDACTED]. Borrower has worked in the same position for more than [REDACTED] The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-07): Client elects to waive/regrade with compensating factors. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||
| XXXXXX | 4000074157 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Policy amount not provided in Title preliminary document. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073962 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three ([REDACTED]) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-07): Accepted as is. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074676 | XXXXXX | XXXXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | DSCR of [REDACTED] does not meet guidelines DSCR of [REDACTED] | Reviewer Comment (2025-05-08): Clearing. |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074313 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized, and was originated with an Appraisal Waiver. The supporting secondary valuation is missing. Sec ID: 36 | Reviewer Comment (2025-05-13): Received AVM. Exception cleared. Seller Comment (2025-05-13): Comment from [REDACTED]([REDACTED]): AVM |
05/13/2025 | 1 | D | A | B | A | D | A | C | A | D | A | NV | Investment | Refinance - Limited Cash-out GSE | D | B | A | A | A | B | D | B | N/A | No | |||||||||||||
| XXXXXX | 4000074313 | XXXXXX | XXXXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized, and was originated with an Appraisal Waiver. Secondary Valuation supports value. Sec ID: 89 | Note Date: ___; Lien Position: ___ | Reviewer Comment (2025-05-14): Accepted as is. |
05/14/2025 | 2 | B | B | B | B | B | NV | Investment | Refinance - Limited Cash-out GSE | D | B | A | A | A | B | D | B | N/A | No | |||||||||||||||||
| XXXXXX | 4000074313 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Reviewer Comment (2025-05-14): Accepted as is. |
05/14/2025 | 2 | B | B | B | B | B | NV | Investment | Refinance - Limited Cash-out GSE | D | B | A | A | A | B | D | B | N/A | No | |||||||||||||||||
| XXXXXX | 4000075201 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. (Type:Primary/[REDACTED]) | Reviewer Comment (2025-05-07): Accepted as is. Buyer Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): We have the ECOA in the file and this is [REDACTED], Please waive. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075201 | XXXXXX | XXXXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | esign consent is missing one in file has another name | Reviewer Comment (2025-05-07): Received E-Sign Consent Agreement. Exception cleared. Seller Comment (2025-05-07): Comment from [REDACTED] ([REDACTED]): Econsent |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072049 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule ([REDACTED]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | ECOA Receipt of Appraisal after Waiver | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072049 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $[REDACTED]is less than the note amount of $[REDACTED]based on the Commitment in file. | Reviewer Comment (2025-05-06): Accepted as is. |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072049 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Provide fully executed Final CD from sale of real estate as used for closing. | Reviewer Comment (2025-05-13): Received, cleared Seller Comment (2025-05-13): Comment from [REDACTED]: signed Reviewer Comment (2025-05-12): Please provide fully executed closing statement, the statement provided is not signed. Seller Comment (2025-05-12): Comment from [REDACTED]: heloc Reviewer Comment (2025-05-09): Provide closing statement from the secured loan which is listed on the Final 1003 in the amount of $[REDACTED]funds used for closing. Seller Comment (2025-05-09): Comment from [REDACTED]: docs from sale |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000070754 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-06): Client elects to waive |
05/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000073216 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrower has [REDACTED] seasoning on cash out refinance. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [REDACTED]months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [REDACTED]%. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-07): Client elected to waive/regrade with compensating factors. Lender exception provided. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MN | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000073216 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Incomplete Document: 1007 Rent Comparison Schedule is incomplete | Market rent estimate amount is blank. | Reviewer Comment (2025-05-07): Provided. Clearing. Seller Comment (2025-05-07): Comment from [REDACTED]: see attached |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MN | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000072239 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Citizenship Source Documentation was not provided | - | Permanent Resident Alien Card is missing for the borrower. | Reviewer Comment (2025-05-07): Accepted as is. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000073802 | XXXXXX | XXXXXX | Credit | Guideline | Guideline Issue | Guideline | Short Term Rental property consistently used as a seasonal or vacation rental (i.e., XXXXX) and evidence of at least 12 months of Operating History is not present in the loan file. | [REDACTED] history of operating a short term rental is required. | Reviewer Comment (2025-05-23):XXXX Statement provided. Cleared. Buyer Comment (2025-05-22): Comment from [REDACTED]: • Neither [REDACTED] guidelines require the borrower's to have a 1 year history of managing short term rentals ú [REDACTED]allow for < 1 year history of managing a short term rental when the LTV is [REDACTED] % or below ú The LTV on this transaction is |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073687 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | [REDACTED] (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-07): Accepted as is. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073687 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Donor Check not provided | Copy of gift fund receipt is not in file. | Reviewer Comment (2025-05-08): Received, Clearing. Seller Comment (2025-05-08): Comment from [REDACTED]: Please see attached |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073699 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided | Reviewer Comment (2025-05-07): Accepted as is. |
05/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073699 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-08): Received, Clearing. Seller Comment (2025-05-07): Comment from [REDACTED]: Hello, please see attached |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073699 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-08): Received, Clearing. Seller Comment (2025-05-07): Comment from [REDACTED]: Hello, please see attached |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074899 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Cash to close is $[REDACTED]+ EMD $[REDACTED]+ POC fees listed on the HUD $[REDACTED]= $[REDACTED]. Verified funds available for closing $[REDACTED]($[REDACTED]acct ending [REDACTED], EMD $[REDACTED], POC fees verified with invoices ($[REDACTED], $[REDACTED], $[REDACTED]). $[REDACTED]- $[REDACTED]= [REDACTED]remaining for reserves or [REDACTED]months. | Reviewer Comment (2025-05-12): Based on the updated HUD provided, the reserves verified are sufficient Reviewer Comment (2025-05-12): Calculation is correct. Exception stands until more assets can be provided in addition to what has already been received. Seller Comment (2025-05-12): Comment from [REDACTED]: Please see updated settlement statement/ HUD attached - with correct amount of insurance premium. Reviewer Comment (2025-05-07): The calculation we provided is correct- The POCB for the hazard premium on the Final HUD-1 is listed as $[REDACTED]-however paid receipt provided in the loan file is for $[REDACTED]. Seller Comment (2025-05-07): Comment from[REDACTED]: I am not agreeing with the calculation of this loan. Cash to close $[REDACTED] plus [REDACTED]months of reserves of $[REDACTED]= $[REDACTED]. [REDACTED]Balance is $[REDACTED]which shows sufficient funds. $[REDACTED]is POC why this amount is added to fund to close, $[REDACTED]already paid. Can you please double check the amount you have fund to close of $[REDACTED]this is incorrect amount. Funds needed to closing is $[REDACTED]. Account balance is $[REDACTED]included reserves. Thank you for your help! |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073668 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard coverage of $[REDACTED] sufficient to cover the mortgage amount of $[REDACTED] however is insufficient to cover the estimated cost new of $[REDACTED]. Please provide a letter from the Insurer stating the maximum insurable amount and/or a replacement costs estimator from the insurer. Coverage shortfall is $[REDACTED] | Reviewer Comment (2025-05-12): RCE provided. Cleared. Seller Comment (2025-05-12): Comment from [REDACTED]: See Attached |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074637 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Reviewer Comment (2025-05-21): Received Operating Agreement. Exception cleared. Seller Comment (2025-05-21): Comment from [REDACTED] Operating agreement for the LLC |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000071827 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of[REDACTED] exceeds tolerance of [REDACTED] plus [REDACTED] or [REDACTED]. Insufficient or no cure was provided to the borrower. | No cure provided in file. | Reviewer Comment (2025-05-15): [REDACTED] received corrected PCCD and LOE. Seller Comment (2025-05-14): Comment from [REDACTED]: Please see the attached PCCD, LOE, and proof of mailing showing the TItle-CPL fee was moved from B to C, as it was placed in B in error previously. Please cure. Reviewer Comment (2025-05-12): [REDACTED] received rebuttal comment. Moving the tax certificate fee from section C to B is correct but the fee is not title fee and will not consider under [REDACTED]% tolerance. However, the CPL fee was disclosed under section B later on initial CD is falling under 10% tolerance including recording fee. The 10% fees increased over tolerance limit by $[REDACTED]due to increase in CPL fee from $[REDACTED] to $[REDACTED]. As per [REDACTED]the title company is [REDACTED] while CPL fee is paid to XXXXX XXX. Appears borrower shopped for title fees. Corrected CD moving the title fees to Section C and LOE to borrower required to cure. Buyer Comment (2025-05-08): Comment from [REDACTED]: Tax certification fee is not included in the 10% tolerance test. Fee was initially disclosed in Section C, as it is a fee that can be shopped. The borrower opted not to shop for the fee, therefore the fee was moved to B, as allowed, upon us becoming aware they would not shop for this, as allowed per regulation. Moving it does not change the overall cost to the borrower, and is allowed. Please re-calculate and confirm the remaining fees counted toward the ten percent tolerance total are the recording fees and TItle-CPL fee. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000074102 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | Misc. State Level | Maryland Counseling Agencies Disclosure Not in File | [REDACTED] [REDACTED] - No evidence of required counseling disclosure language per [REDACTED] [REDACTED]. | [REDACTED] [REDACTED] Counseling Agencies list document not provided in file. | Reviewer Comment (2025-05-08): Accepted as is. Buyer Comment (2025-05-08): Comment from [REDACTED]: Please waive this condition. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074102 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage Statement, Tax Verification documents are missing from file for this REO property. | Reviewer Comment (2025-05-08): Cleared, tax information in escrow verified from escrow statement Seller Comment (2025-05-08): Comment from [REDACTED]: Please see the attached [REDACTED]for this property confirming property taxes are escrowed in the monthly payment of $[REDACTED] as listed on the credit report. The HOI documentation is in your loan file on page [REDACTED] ([REDACTED]). |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073702 | XXXXXX | XXXXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | The Hazard Insurance Policy Effective Date is after the later of the disbursement, note or transaction date. | Reviewer Comment (2025-05-08): Received Closing Disclosure, Exception Cleated. Seller Comment (2025-05-08): Comment from [REDACTED]: Hello, please see attached |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073702 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000073403 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Reviewer Comment (2025-05-16): Received, Clearing. Seller Comment (2025-05-16): Comment from[REDACTED]: CR |
05/16/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Refinance - Rate/Term | D | B | D | A | B | B | D | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000073403 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Reviewer Comment (2025-05-16): Received, Clearing. Seller Comment (2025-05-16): Comment from [REDACTED]: HOI |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | D | B | D | A | B | B | D | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000073403 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-05-20): CDA received, exception cleared. Seller Comment (2025-05-20): Comment from [REDACTED]: cda Reviewer Comment (2025-05-16): Looking for secondary valuation Seller Comment (2025-05-16): Comment from [REDACTED]: APPRAISAL |
05/20/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Refinance - Rate/Term | D | B | D | A | B | B | D | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000073403 | XXXXXX | XXXXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2025-05-16): Received, Clearing. Seller Comment (2025-05-16): Comment from [REDACTED]: ECONSENT |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | D | B | D | A | B | B | D | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073403 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | D | B | D | A | B | B | D | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072650 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [REDACTED] disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. | Final Closing Disclosure provided on [REDACTED] disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. (Final/[REDACTED]) | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | Good Faith Redisclosure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000074311 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [REDACTED] exceeds tolerance of [REDACTED] Insufficient or no cure was provided to the borrower. | No cure provided in file for the tolerance of appraisal fee | Reviewer Comment (2025-05-21): [REDACTED] received Corrected PCCD, Letter of Explanation, Proof of Delivery and Copy of Refund Check resulting in a cured the exception. Seller Comment (2025-05-19): Comment from [REDACTED]: PCCD with cure |
05/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Second Home | 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 | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| XXXXXX | 4000074950 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Evidence of appraisal acknowledgement not provided in file prior [REDACTED]days of closing. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074950 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Evidence of appraisal acknowledgement not provided in file prior [REDACTED] days of closing. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000069841 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Missing Business Bank Statement #[REDACTED] for the month ending [REDACTED]. | Reviewer Comment (2025-05-11): Received Business Bank Statement #[REDACTED] for the month ending [REDACTED]. Exception cleared. Seller Comment (2025-05-09): Comment from [REDACTED]: [REDACTED]: See attached statement |
05/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073795 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The appraisal was not provided to the borrower within 3 days of consummation. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073941 | XXXXXX | XXXXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | The File was missing a copy of E-Sign Consent Agreement. | Reviewer Comment (2025-05-08): Received E-Sign Consent Agreement. Exception cleared. Seller Comment (2025-05-08): Comment from [REDACTED]: econsent |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072413 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000072413 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [REDACTED] (3) business days prior to closing, and appraisal was not provided at or before closing. | Waiver signed [REDACTED] | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000074366 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000074366 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071578 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Borrower provided appraisal waiver less than three ([REDACTED]) business days prior to consummation. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071578 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-16): Received evidence of earlier appraisal receipt Reviewer Comment (2025-05-13): Non-Compliant due to appraisal issues in other exceptions. Buyer Comment (2025-05-12): Comment from[REDACTED] File is impounded and with appraisal |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071578 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Reviewer Comment (2025-05-16): Received evidence of earlier appraisal receipt Seller Comment (2025-05-16): Comment from[REDACTED]: APPRAISAL _[REDACTED] Reviewer Comment (2025-05-15): The loan is considered non-compliant HPML due to missing the borrower appraisal receipt 3 days prior to consummation. The appraisal reports we have on file are signed by the appraiser on [REDACTED], which is the note date. There is evidence an appraisal was sent to the borrower on [REDACTED], however that report is missing from our file. Please provide the earlier dated appraisal. Exception remains. Seller Comment (2025-05-15): Comment from[REDACTED]: Proof of delivery Appraisal |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071578 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071578 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL HPML Appraisal Not Obtained Prior to Closing Test | TILA HPML Appraisal Rule ([REDACTED]): Appraisal not obtained prior to consummation. | Reviewer Comment (2025-05-16): Received evidence of earlier appraisal receipt |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075004 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure [REDACTED]on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. | Seller paid fees are not listed on Consumer's Final Closing Disclosure. | Reviewer Comment (2025-05-19): [REDACTED] received Seller CD Seller Comment (2025-05-16): Comment from [REDACTED]: Seller CD Reviewer Comment (2025-05-15): Missing Seller CD. Seller Comment (2025-05-14): Comment from[REDACTED]): PCCD |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000068569 | XXXXXX | XXXXXX | 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 three ([REDACTED]) business days prior to closing. | The file only contained the final closing disclosure. Please provide the initial and any subsequent CD's (if applicable) issued to the borrower for review. | Reviewer Comment (2025-05-09): [REDACTED] received CD dated [REDACTED]. Seller Comment (2025-05-08): Comment from [REDACTED]: INITIAL CD |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000068569 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[REDACTED] is over disclosed by $[REDACTED]compared to the calculated Amount Financed of $[REDACTED] 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 [REDACTED]). | The amount Financed in the amount of $[REDACTED] is over disclosed by $[REDACTED] | Reviewer Comment (2025-05-15): [REDACTED] received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Seller Comment (2025-05-14): Comment from [REDACTED]: copy of check Reviewer Comment (2025-05-09): [REDACTED] received PCCD, LOE and proof of mailing. Copy of refund check still required to complete cure. Seller Comment (2025-05-08): Comment from [REDACTED]: pccd |
05/15/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | 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 | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000068569 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED] disclosed an inaccurate Finance Charge on page [REDACTED] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[REDACTED] is under disclosed by $[REDACTED] compared to the calculated Finance Charge of $[REDACTED] which exceeds the $[REDACTED] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [REDACTED]). | The disclosed Finance Charge in the amount of $[REDACTED] is under disclosed by $[REDACTED] | Reviewer Comment (2025-05-15): [REDACTED]received Letter of Explanation, Proof of Delivery, Refund check & Corrected CD Reviewer Comment (2025-05-09): [REDACTED] received PCCD, LOE and proof of mailing. Copy of refund check still required to complete cure. Buyer Comment (2025-05-08): Comment from[REDACTED]: pccd issued |
05/15/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | 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 | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000074498 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Provide CPA letter indicating the use of the business funds will not have a negative impact on the business or cash flow analysis. | Reviewer Comment (2025-05-09): Received Evidence of Access to Funds document, Exception Cleared. Seller Comment (2025-05-09): Comment from [REDACTED]: see attached |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073227 | XXXXXX | XXXXXX | Credit | Guideline | Guideline Issue | Guideline | Borrower has been on current job less than 2 years, and prior employment history was not documented as required. | Borrower's business entity <2 years. LLC created [REDACTED] and was previously a sole proprietor. The business started in [REDACTED]. Lender exception approved. Comp Factors FICO [REDACTED] in residual income | Borrower has verified disposable income of at least $[REDACTED]. Borrower has worked in the same position for more than [REDACTED] 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 [REDACTED]% and $[REDACTED]. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-08): Client elects to waive/regrade with compensating factors. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000072310 | XXXXXX | XXXXXX | Credit | Guideline | Guideline Issue | Guideline | Aged document: Primary Valuation is older than guidelines permit | - | Appraisal effective date is [REDACTED] and Note date is [REDACTED], which is more than [REDACTED] days. Provide recert of value. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [REDACTED] The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .[REDACTED]. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [REDACTED]%. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-14): Client elected to waive/regrade with compensating factors. Lender exception provided. Seller Comment (2025-05-14): Comment from [REDACTED]: EXCEPTION APPROVAL ATTACHED |
05/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000072310 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender guidelines require at least [REDACTED] months of rent loss insurance. Provide evidence of sufficient rent loss coverage. | Reviewer Comment (2025-05-09): Received, Clearing. Seller Comment (2025-05-09): Comment from [REDACTED]: rent loss included in HO6 |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075170 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception in file, Minimum tradelines not met | Borrower has been employed in the same industry for more than[REDACTED] years. Borrower has verified disposable income of at least $[REDACTED]. Borrower has worked in the same position for more than [REDACTED] 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 [REDACTED]% and $[REDACTED]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least[REDACTED]less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-08): Client elects to waive/regrade with compensating factors. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000074249 | XXXXXX | XXXXXX | Compliance | Loan Package Documentation | Closing / Title | Loan Package Documentation | Note Error: Note grace period days less than minimum per state | Note grace period days less than minimum per state | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000072528 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Receipt of Appraisal is missing. | Reviewer Comment (2025-05-09): Accepted as is. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072528 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Receipt of Appraisal is missing. | Reviewer Comment (2025-05-09): Accepted as is. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072528 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Attorney Review Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower. | Attorney Review Fee increased from $[REDACTED] to $[REDACTED], an increase of $[REDACTED]. A cure of $[REDACTED] was provided. | Reviewer Comment (2025-05-09): Sufficient Cure Provided within 60 Days of Closing |
05/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | 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 | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000072528 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure[REDACTED] on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. | Closing Disclosure dated[REDACTED] does not list Seller paid fees. | Reviewer Comment (2025-05-12): [REDACTED] received Seller CD. Seller Comment (2025-05-09): Comment from [REDACTED]: See attached |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000072528 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Qualification Method not Matching ATR | Ability to Repay (Dodd-Frank 2014): The Qualification Method used by the lender does not match the ATR payment calculation methods under 1026.43(c)(5). | Guidelines reflect the Qualifying Method for [REDACTED] IO is the Note Rate. | Reviewer Comment (2025-05-09): Accepted as is. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072523 | XXXXXX | XXXXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2025-05-09): Received E-Sign Consent Agreement. Exception cleared. Seller Comment (2025-05-09): Comment from [REDACTED]: econsent |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073650 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title policy amount not provided in Title Preliminary document. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073650 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Evidence of appraisal acknowledgement not provided in prior [REDACTED]days closing. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073796 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay ([REDACTED]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | ATR failure due to recent tax returns missing from file. W-2 for 2024 not provided. | Reviewer Comment (2025-05-09): Received, Clearing. Seller Comment (2025-05-08): Comment from [REDACTED]: 2024 w2 |
05/09/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NY | Primary | Purchase | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000073796 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Schedule B | Ability to Repay (Dodd-Frank 2014): Unable to verify Interest / Dividend income using reasonably reliable third-party records. | ATR failure due to recent tax returns missing from file. | Reviewer Comment (2025-05-09): Received, Clearing. |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073796 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | ATR failure due to recent tax returns missing from file. | Reviewer Comment (2025-05-09): Received, Clearing. |
05/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073796 | XXXXXX | XXXXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing from file. | Reviewer Comment (2025-05-08): Received, Clearing. Seller Comment (2025-05-08): Comment from[REDACTED]: econsent |
05/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073796 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | VOR is missing from file. | Reviewer Comment (2025-05-16): Received Verification of Rent (VOR) / Verification of Mortgage (VOM). Exception Cleared. Seller Comment (2025-05-16): Comment from [REDACTED]: exception Reviewer Comment (2025-05-09): Private Party VORs / VOMs will be considered on a case-by-case basis and will require an investor exception approval, subject to an LLPA. Please submit online via [REDACTED]'s online seller portal for a formal review. Seller Comment (2025-05-09): Comment from [REDACTED]: Please see the attached VOR. Reviewer Comment (2025-05-08): Received Verification of Rent is for the property[REDACTED], not the borrower's current residence. Please provide Verification of Rent for borrower's current residence at [REDACTED], . Exception remains. Seller Comment (2025-05-08): Comment from [REDACTED]: VOR |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000068434 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Title coverage is less than the loan amount. Provide a current copy of the preliminary, commitment, or final title. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000068434 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Please provide a copy of Articles of Organization/Formation for the borrower business entity " [REDACTED]" | Reviewer Comment (2025-05-20): Provided. Cleared. Seller Comment (2025-05-20): Comment from [REDACTED]: Articles Reviewer Comment (2025-05-12): Received Articles of Organization/Formation without Guarantor Signature and Incomplete Infromation. Exception Remains. Seller Comment (2025-05-12): Comment from [REDACTED]: LLC docs |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000068434 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Please provide a copy Certificate of Good Standing for the borrower business entity "[REDACTED]" | Reviewer Comment (2025-05-12): Received Certificate of Good Standing. Exception cleared. Seller Comment (2025-05-12): Comment from [REDACTED]: LLC docs |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000068434 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Please provide a copy of Operating Agreement for the borrower business entity "[REDACTED]" | Reviewer Comment (2025-05-12): Received Operating Agreement. Exception cleared. Seller Comment (2025-05-12): Comment from [REDACTED]: LLC docs |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000068434 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Guarantor has less than [REDACTED] months seasoning on a refinance. The lender exception provided in the file is blank. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [REDACTED]months. | SitusAMC | Reviewer Comment (2025-05-16): Client exception received. Seller Comment (2025-05-15): Comment from [REDACTED]: Exception |
05/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000068434 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Calculations are based on [REDACTED] of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost, the purchase price) using agency calculation methods. Coverage is insufficient by [REDACTED] | Reviewer Comment (2025-05-23): Updated policy provided. Cleared. Seller Comment (2025-05-23): Comment from[REDACTED]: corrected HOI Reviewer Comment (2025-05-12): The hazard coverage is short $[REDACTED]- RCE has been entered - coverage is still short Seller Comment (2025-05-12): Comment from[REDACTED]: Replacement cost estimator , Hazard is fine as is |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075451 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/[REDACTED] ) | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075172 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-09): Accepted as is. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075172 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-12): Received document confirming the delivery of appraisal at least 3 days prior to closing. Exception cleared. Seller Comment (2025-05-10): Comment from [REDACTED]: See attached. |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075172 | XXXXXX | XXXXXX | 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 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-12): Received document confirming the delivery of appraisal at least 3 days prior to closing. Exception cleared. Seller Comment (2025-05-10): Comment from [REDACTED]: See attached. |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074570 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bylaws not provided | The file was missing a copy of Bylaws. | Reviewer Comment (2025-05-27): Received [REDACTED]. Exception cleared. Seller Comment (2025-05-23): Comment from [REDACTED]: [REDACTED] Please see attached signed [REDACTED]agreement Reviewer Comment (2025-05-23): Document received does not suffice for Bylaws of the Corporation. Please provide entire Bylaws document. Exception remains. Seller Comment (2025-05-23): Comment from [REDACTED] Please see attached Operating Agreement. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MN | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074996 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The appraisal was not provided to the borrower within 3 business days of the note date. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074996 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075395 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | File is missing approval/1008 | Reviewer Comment (2025-05-09): Cleared - approval was received. Seller Comment (2025-05-09): Comment from[REDACTED]: Please see attached UW File & ASR - look on page 2 for the [REDACTED](approval) |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074816 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/[REDACTED]) Remove/Clear Exceptions |
Reviewer Comment (2025-05-09): Accepted as is. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000073383 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074992 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of [REDACTED] exceeds tolerance of [REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Cure was provided at closing. | Reviewer Comment (2025-05-09): Sufficient Cure Provided At Closing |
05/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000076065 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | New Jersey Prepayment Penalty | [REDACTED] Prepayment Penalty: No prepayment penalties are permissible in the state of [REDACTED]. Prepay language states prepay will not exceed maximum permitted by applicable law. | Prepayment penalties are not permissible for the NJ State. | Reviewer Comment (2025-05-09): Accepted as is. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000076065 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-05-09): Accepted as is. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000074959 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) | [REDACTED] Subprime Loan: Counseling Disclosure not provided to borrower. | Reviewer Comment (2025-05-09): Accepted as is. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074959 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant | New York Subprime Loan: APR on subject loan of [REDACTED]% is in excess of allowable threshold of Prime Mortgage Market Rate [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant SubPrime Loan. | Reviewer Comment (2025-05-09): Accepted as is. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | 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. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000075083 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Issue: Refinance seasoning requirements not met | The property was been owned less than 6 months prior to the subject note date. The property is not eligible for a cash-out refinance. | Reviewer Comment (2025-05-15): Subject is delayed financing. Received Final Settlement Statement for initial purchase confirming no mortgage at closing and also there are no existing liens on property. Source of Funds for initial purchase is also documented. Hence, property is eligible for cash-out refinance. Exception cleared. Seller Comment (2025-05-15): Comment from[REDACTED]: [REDACTED]: The transaction is delayed financing. The source of funds was already provided but the original settlement statement was not included in the loan package. Please see attached. The [REDACTED]month waiting period can be waived. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075083 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-08): Accepted as is. |
05/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000071818 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing. | Reviewer Comment (2025-05-09): Sufficient Cure Provided At Closing |
05/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000074216 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000076088 | XXXXXX | XXXXXX | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | The file was missing a copy of Title Evidence | Reviewer Comment (2025-05-13): Prelim title received |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076088 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing | Title: Evidence of title is missing in this file. | Reviewer Comment (2025-05-13): Received prelim title Seller Comment (2025-05-13): Comment from [REDACTED]: PLEASE FIND ATTACHED DOC TO CLEAR FILE |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076088 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Rural investment properties are not allowed. | Reviewer Comment (2025-05-13): Appraisal received reflecting suburban property |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076088 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Vacation Rental Income Statement (XXXXX, XXXXX, etc.) not provided | Reviewer Comment (2025-05-13): 75% of 1007 used to calculate short term rental on purchase transactions Seller Comment (2025-05-13): Comment from [REDACTED]: PLEASE FIND ATTACHED TO CLEAR FILE |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000076088 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Vacation Rental Website Listing not provided | Reviewer Comment (2025-05-13): 1007 used per guidelines with 75% vacancy factor |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000076088 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide completed lender exception form. | Reviewer Comment (2025-05-13): Received, cleared Seller Comment (2025-05-13): Comment from [REDACTED]: exception form |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076088 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception request to use [REDACTED]% LTV for purchase of short term rental. Conditionally approved, form is not completed, no reason for conditionally approved. | Borrowers made a down payment from their own funds on this purchase transaction of at least[REDACTED]% and $[REDACTED]. | SitusAMC | Reviewer Comment (2025-05-13): Client elects to waive with compensating factors |
05/13/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CO | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000072617 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to the borrower within 3 business days of consummation. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073012 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three business days prior to consummation. | Reviewer Comment (2025-05-09): Accepted as is. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073012 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of[REDACTED] or Final Disclosure APR of [REDACTED] is equal to or greater than the threshold of APOR [REDACTED] + [REDACTED], or [REDACTED]Non-Compliant Higher Priced Mortgage Loan. | Non Compliant higher priced mortgage loan. | Reviewer Comment (2025-05-12): Appraisal receipt doc provided. Cleared. Seller Comment (2025-05-12): Comment from [REDACTED]: Hello, please see attached Reviewer Comment (2025-05-12): Received 1004 is already available in file. Please provide document confirming the delivery of appraisal at least 3 days prior to closing. Exception remains. Seller Comment (2025-05-09): Comment from[REDACTED]: Hello, please see attached |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073012 | XXXXXX | XXXXXX | 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 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to the borrower within 3 business days of consummation. | Reviewer Comment (2025-05-12): Appraisal receipt doc provided. Cleared. Seller Comment (2025-05-12): Comment from [REDACTED]: Hello, please see attached Reviewer Comment (2025-05-11): Received 1004 is already available in file. Please provide document confirming the delivery of appraisal at least 3 days prior to closing. Exception remains. Seller Comment (2025-05-09): Comment from [REDACTED]: Hello, please see attached |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072326 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | The file is missing a copy of the Fraud Report. | Reviewer Comment (2025-05-12): Received Fraud Report. Exception cleared. Seller Comment (2025-05-12): Comment from [REDACTED]: [REDACTED]: Please see attached copy of fraud report |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000072326 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | The file is missing a copy of the OFAC. | Reviewer Comment (2025-05-12): Received Fraud Report. Exception cleared. Seller Comment (2025-05-12): Comment from [REDACTED]MM: Please see attached copy of fraud report |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075354 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The file was missing a copy of Certificate of Good Standing | Reviewer Comment (2025-05-13): Certificate of good standing received Seller Comment (2025-05-13): Comment from [REDACTED]: Please see the attached Certificate of Good Standing |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075630 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud report is missing in file. | Reviewer Comment (2025-05-12): Received Fraud Report. Exception cleared. Seller Comment (2025-05-12): Comment from [REDACTED]: Please see XXXX report /Fraud report attached |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000075630 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is missing. | Reviewer Comment (2025-05-12): Received Fraud Report. Exception cleared. Seller Comment (2025-05-12): Comment from [REDACTED]: Please see attached XXXX Report Fraud report |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000072768 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Final 1003 document is missing from file. | Reviewer Comment (2025-05-13): Final 1003 available in file. Exception cleared. Seller Comment (2025-05-12): Comment from [REDACTED]: See attached |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072768 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $[REDACTED] is less than the note amount of $[REDACTED] based on the Preliminary in file. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073725 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [REDACTED] [REDACTED] business days prior to closing, and appraisal was not provided at or before closing. | The appraisal was not provided to the borrower within [REDACTED] business days of the note date. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | LA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073725 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Insurance Verification is missing. | Reviewer Comment (2025-05-13): Clearing as not required. Buyer Comment (2025-05-12): Comment from[REDACTED]: This property is free and clear of any mortgages, HOI is not required or available. |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073725 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ ___ |
Insurance Verification is missing. | Reviewer Comment (2025-05-13): Clearing as not required. Buyer Comment (2025-05-12): Comment from[REDACTED]: This property is free and clear of any mortgages, HOI is not required or available. |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073725 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Insurance Verification is missing. | Reviewer Comment (2025-05-13): Clearing as not required. Buyer Comment (2025-05-12): Comment from [REDACTED]: This property is free and clear of any mortgages, HOI is not required or available. |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073725 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Insurance Verification is missing. | Reviewer Comment (2025-05-13): Clearing as not required. Buyer Comment (2025-05-12): Comment from[REDACTED]: This property is free and clear of any mortgages, HOI is not required or available. |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | LA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075881 | XXXXXX | XXXXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Qualifying Assets for Closing of $[REDACTED] is less than Cash From Borrower $[REDACTED]. | Reviewer Comment (2025-05-13): Received Additional bank statements included in assets. Available for Closing is sufficient to cover Cash From Borrower. Exception cleared. Seller Comment (2025-05-13): Comment from [REDACTED]: Please see the attached Memo. |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075881 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [REDACTED] is less than Guideline PITIA months reserves of [REDACTED]. | Reviewer Comment (2025-05-13): Received additional bank statements included in assets. Available for reserves is sufficient to meet guideline reserves requirement. Exception cleared. Seller Comment (2025-05-13): Comment from [REDACTED]: Please see the attached Memo. |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075881 | XXXXXX | XXXXXX | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | 12 months of primary rental history was not provided. | Reviewer Comment (2025-05-12): Received Verification of Rent. Exception cleared. Seller Comment (2025-05-12): Comment from [REDACTED]: VOR |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073390 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements | Reviewer Comment (2025-05-09): Accepted as is. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073390 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Extension Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | No cure provided in file for the tolerance of Extension Fee. | Reviewer Comment (2025-05-09): Sufficient Cure Provided At Closing |
05/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000073390 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-09): Accepted as is. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000073390 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Collateral has an unpermitted ADU which is not allowable per guidelines. | Borrower has verified disposable income of at least $[REDACTED] Borrower has worked in the same position for more than [REDACTED] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [REDACTED] months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-09): Client elected to waive/regrade with compensating factors. Lender exception provided. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000073390 | XXXXXX | XXXXXX | 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 2014): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of [REDACTED]% moderately exceeds the guideline maximum of [REDACTED]%. (DTI Exception is eligible to be regraded with compensating factors.) | Borrower has verified disposable income of at least $[REDACTED] Borrower has worked in the same position for more than [REDACTED] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [REDACTED] months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-09): Client elected to waive/regrade with compensating factors. Lender exception provided. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000073390 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___. | total debt ratio of [REDACTED]% exceeds Guideline total debt ratio of [REDACTED]%. | Borrower has verified disposable income of at least $[REDACTED] Borrower has worked in the same position for more than [REDACTED] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [REDACTED] months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-09): Client elected to waive/regrade with compensating factors. Lender exception provided. |
05/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| XXXXXX | 4000073804 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | File did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED] of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods. Coverage is insufficient by [REDACTED] | Reviewer Comment (2025-05-15): RCE provided. Cleared. Seller Comment (2025-05-15): Comment from [REDACTED]: RCE Reviewer Comment (2025-05-14): As per [REDACTED] - [REDACTED] guidelines, Hazard Insurance Coverage must be 100% of the replacement cost value of the improvements as of the current property insurance policy effective date, or the unpaid principal balance of the loan, provided it equals no less than 80% of the replacement cost value of the improvements as of the current property insurance policy effective date. Estimated Cost New as per Appraisal is $[REDACTED] of Estimated Cost New = $[REDACTED] and coverage Amount is $[REDACTED]. Hence, there is shortfall of $[REDACTED]. Please provide Replacement Cost Estimator. Exception remains. Buyer Comment (2025-05-13): Comment from [REDACTED]: Our dwelling is $[REDACTED]and the loan amount is $[REDACTED] |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075430 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance Verification is Missing | Reviewer Comment (2025-05-12): Received Mortgage Statement Verified Tax and Insurance are Escrowed. Exception Cleared. Seller Comment (2025-05-12): Comment from[REDACTED]): Hazard Insurance is included in Escrow for property [REDACTED] |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000075383 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000075383 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Exception to use rental income for ADU with limited like comparables. | 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 [REDACTED] % and $[REDACTED]. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-12): Client elects to waive with compensating factors |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000071964 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | Massachusetts HPML Threshold Test Compliant | Massachusetts Higher-Priced Mortgage Loan: APR on subject loan of[REDACTED] or Final Disclosure APR of [REDACTED] is equal to or greater than the threshold of APOR [REDACTED] + [REDACTED], or[REDACTED] Compliant Higher Priced Loan. | APR on subject loan of [REDACTED] or Final Disclosure APR of [REDACTED] is equal to or greater than the threshold of APOR [REDACTED] + [REDACTED] or [REDACTED]Compliant Higher Priced Loan. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Purchase | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000071964 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank 2014): Safe Harbor requirements not satisfied. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071964 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of[REDACTED] exceeds tolerance of [REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-09): Sufficient Cure Provided At Closing |
05/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000074940 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000075614 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075614 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. 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 (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073744 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2025-05-13): Received, Clearing. |
05/13/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000073744 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. ([REDACTED]) | Reviewer Comment (2025-05-12): Sufficient Cure Provided At Closing |
05/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000073744 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. [REDACTED] | Reviewer Comment (2025-05-12): Sufficient Cure Provided At Closing |
05/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000073744 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [REDACTED] exceeds tolerance of[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of [REDACTED] exceeds tolerance of [REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. ([REDACTED]) | Reviewer Comment (2025-05-12): Sufficient Cure Provided At Closing |
05/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000073744 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Notice of Right to Cancel Missing | Truth in Lending Act: Notice of Right to Cancel was not provided. | Truth in Lending Act: Notice of Right to Cancel was not provided. | Reviewer Comment (2025-05-13): [REDACTED] refinance of construction only loan exempt from rescission under Comment 1026.2(a)(24)-4-ii. Buyer Comment (2025-05-12): Comment from [REDACTED]: This is construction to perm no NRTC is required |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000073744 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | DTI exceeds guidelines due to unable to verify Student loan of [REDACTED] is a duplicate. | Reviewer Comment (2025-05-13): Received, Clearing. Seller Comment (2025-05-12): Comment from [REDACTED]: Credit sup removed duplicate |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073744 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Reviewer Comment (2025-05-13): Received, Clearing. |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073744 | XXXXXX | XXXXXX | 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 2014): The DTI calculated in accordance with the Lenders Guidelines and [REDACTED](c)(5) of [REDACTED]% moderately exceeds the guideline maximum of [REDACTED]%. (DTI Exception is eligible to be regraded with compensating factors.) | Reviewer Comment (2025-05-13): Received, Clearing. Buyer Comment (2025-05-12): Comment from [REDACTED]: See credit sup previously uploaded |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073744 | XXXXXX | XXXXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Max LTV [REDACTED]% for rural property. | Borrower has been employed in the same industry for more than[REDACTED] Borrower has verified disposable income of at least $[REDACTED]. Borrower has worked in the same position for more than [REDACTED]years. The qualifying DTI on the loan is at least [REDACTED]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [REDACTED]points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-15): Client elected to waive/regrade with compensating factors. Lender exception provided. Seller Comment (2025-05-15): Comment from [REDACTED]: See attached |
05/15/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| XXXXXX | 4000073744 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Max LTV [REDACTED]% for rural property. | Borrower has been employed in the same industry for more than[REDACTED] Borrower has verified disposable income of at least $[REDACTED]. Borrower has worked in the same position for more than [REDACTED]years. The qualifying DTI on the loan is at least [REDACTED]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [REDACTED]points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-15): Client elected to waive/regrade with compensating factors. Lender exception provided. Buyer Comment (2025-05-15): Comment from [REDACTED]: See previously upload exception regarding LTV |
05/15/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| XXXXXX | 4000074488 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | RESPA | Missing Final HUD-1 RESPA Investment Occupancy No Business Purpose Cert (Not subject to APL) | RESPA: Missing Final HUD-1 Title Co. Closing Statement used to source fees. Investment occupancy witrh no business purpose cert in file. Loan is not subject to APL tests in scope requiring points and fees. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000074488 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | New Jersey Prepayment Penalty | New Jersey Prepayment Penalty: No prepayment penalties are permissible in the state of New Jersey. Prepay language states prepay will not exceed maximum permitted by applicable law. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000074488 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule ([REDACTED]): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Borrower signed document [REDACTED] | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000074488 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [REDACTED] Post application vs now allowed per [REDACTED]. -[REDACTED] -now to be [REDACTED] owned [REDACTED]% by borrower Lender exception approved. Comp Factors FICO [REDACTED], 25 months reserves. |
Borrower has been employed in the same industry for more than [REDACTED] years. Borrower has verified disposable income of at least $[REDACTED]. 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 [REDACTED]% and $[REDACTED]. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-12): Client elects to waive regrade with compensating factors. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | N/A | No | |||||||||
| XXXXXX | 4000074727 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074727 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000074374 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | The appraisal was not provided to the borrower within [REDACTED]business days of the note date. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074374 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000072725 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [REDACTED] is less than Guideline PITIA months reserves of [REDACTED]. Verified assets- Business fund $[REDACTED] , XXXX $[REDACTED] , POCB $[REDACTED]. | Reviewer Comment (2025-05-13): After further review, exception has been cleared. Buyer Comment (2025-05-13): Comment from [REDACTED]: Please see page [REDACTED]of the loan file. The last statement for the business account is dated [REDACTED] and has a balance of $[REDACTED] The balance you are currently using is from the [REDACTED]/statement located on page [REDACTED]. |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072725 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk, due to short reserves. | Reviewer Comment (2025-05-13): Updated bank statement balance per most recent statement provided. Cleared |
05/13/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000072725 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Based on the loan failing one or more guideline components, the loan is at ATR risk. | Reviewer Comment (2025-05-13): Updated bank statement balance per most recent statement provided. Cleared |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073453 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay ([REDACTED]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Need receipt of funds from sale of previous property to support Closing Statement of funds received. | Reviewer Comment (2025-05-14): Cleared- HUD 1 with proceeds of $[REDACTED] Buyer Comment (2025-05-14): Comment from [REDACTED]: This is not required per guidelines. Final ALTA Settlement Statement is sufficient to confirm assets when property is sold within 7 days of subject. Property was sold [REDACTED] and our loan funded [REDACTED]. Final ALTA is sufficient to meet requirement. Please cancel. |
05/14/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM status | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000073453 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Assets | Ability to Repay (Dodd-Frank 2014): Unable to verify assets using reasonably reliable third-party records. | Need receipt of funds from sale of previous property to support Closing Statement of funds received. | Reviewer Comment (2025-05-14): Cleared- HUD 1 with proceeds of $[REDACTED] Buyer Comment (2025-05-14): Comment from [REDACTED]: This is not required per guidelines. Final ALTA Settlement Statement is sufficient to confirm assets when property is sold within 7 days of subject. Property was sold [REDACTED] and our loan funded [REDACTED]. Final ALTA is sufficient to meet requirement. Please cancel. |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073453 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay ([REDACTED]): General Ability-to-Repay requirements not satisfied. | Need receipt of funds from sale of previous property to support Closing Statement of funds received. | Reviewer Comment (2025-05-21): Funds from sale of departing received |
05/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076531 | XXXXXX | XXXXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-05-12): Received E-sign Consent Agreement. Exception cleared. Seller Comment (2025-05-12): Comment from [REDACTED]: econsent |
05/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076531 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Need documentation of the most recent twelve months housing history for the borrower. | Reviewer Comment (2025-05-20): 12 months bank statements on file Buyer Comment (2025-05-20): Comment from [REDACTED]: The borrower has only 1 mortgage and you can clearly show the payment matches the mortgage statement in the file and the account number #[REDACTED]matches the bank statement. Please clear. Reviewer Comment (2025-05-19): Provide VOM, bank statements do not indicate the due date of the payment. Bank statements indicate payment to XXXX, while the 1003 indicate Mortgage is with [REDACTED] Buyer Comment (2025-05-19): Comment from [REDACTED]: We have 12 months bank statements in the file show the payments made. rating is the bank statement. Please review again. |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000071318 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [REDACTED] not received by borrower at least four (4) business days prior to closing. | The document was not signed or dated | Reviewer Comment (2025-05-14): [REDACTED] received proof of receipt. Seller Comment (2025-05-13): Comment from [REDACTED]: Please see attached confirmation borrower viewed both loan estimates in the required timeframe prior to closing. |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000071318 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on[REDACTED] not received by borrower at least four (4) business days prior to closing. | The document was not signed or dated | Reviewer Comment (2025-05-14): [REDACTED] received proof of receipt. Buyer Comment (2025-05-13): Comment from [REDACTED]: Please see attached confirmation borrower viewed both loan estimates in the required timeframe prior to closing. |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000072228 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000071638 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay ([REDACTED]): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [REDACTED], Most Recent Tax Return End Date [REDACTED], Tax Return Due Date [REDACTED]. | Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [REDACTED], Most Recent Tax Return End Date [REDACTED], Tax Return Due Date [REDACTED]. ([REDACTED],[REDACTED]) | Reviewer Comment (2025-05-13): Accepted as is. Seller Comment (2025-05-13): Comment from [REDACTED]: Please see attached, we do not require evidence of extension of taxes if the loan closes before 6/20. The application date of [REDACTED] is prior to the personal tax filing date for [REDACTED]. We would not require business tax returns for [REDACTED] if the borrower's [REDACTED] personal tax returns were not also filed. |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000071638 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Loan files containing tax documents are ineligible. Borrower was qualified using 2 years tax returns. | Reviewer Comment (2025-05-23): Loan reviewed to [REDACTED] guidelines. Reviewer Comment (2025-05-14): We do not have [REDACTED]approved guidelines, other than for Bank Statement loans. Exception remains. Buyer Comment (2025-05-14): Comment from [REDACTED]: Please reference our product guide. Under the section 'other credit guidelines' it states we will be following the [REDACTED]for additional credit guidelines. As tax returns dates are not specifically called out by the product guide, the fannie guide will be used. The screenshot uploaded was our fannie policy, as stated at the top. It is not the guideline only for bank statement loan. Please review. Reviewer Comment (2025-05-13): [REDACTED]guidelines provided are for Bank Statement loans. Exception remains. Buyer Comment (2025-05-13): Comment from [REDACTED]: Please see attached, we do not require evidence of extension of taxes if the loan closes before [REDACTED]. The application date of [REDACTED] is prior to the personal tax filing date for [REDACTED]. We would not require business tax returns for [REDACTED] if the borrower's [REDACTED] personal tax returns were not also filed. |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000069198 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | The file was missing a copy of Articles of Organization/Formation. | Reviewer Comment (2025-05-16): Received, cleared Seller Comment (2025-05-16): Comment from [REDACTED]: SEE UPLOADED LLC DOCS |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000069198 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | The file was missing a copy of Business Purpose Certificate. | Reviewer Comment (2025-05-19): Received, cleared Seller Comment (2025-05-19): Comment from [REDACTED]: uploaded signed business purp cert |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000069198 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The file was missing a copy of Certificate of Good Standing. | Reviewer Comment (2025-05-19): Received, cleared Seller Comment (2025-05-19): Comment from[REDACTED]: uploaded cogs Reviewer Comment (2025-05-16): Cert of good standing not provided in trailing documents. Exception remains. Buyer Comment (2025-05-16): Comment from [REDACTED] SEE UPLOADED LLC DOCS IN FIRST CONDITION |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000069198 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | The file was missing a copy of Operating Agreement | Reviewer Comment (2025-05-19): Received, cleared Seller Comment (2025-05-19): Comment from [REDACTED]: UPLOADED OPERATING AGREEMENT Reviewer Comment (2025-05-16): Operating agreement not provided in trailing documents. Exception remains. Buyer Comment (2025-05-16): Comment from [REDACTED]: SEE UPLOADED LLC DOCS IN FIRST CONDITION |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000069198 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | The file was missing a copy of [REDACTED] | Reviewer Comment (2025-05-19): Received, cleared Seller Comment (2025-05-19): Comment from [REDACTED]: UPLOADED EIN Reviewer Comment (2025-05-16): Tax Identification number not provided in trailing documents. Exception remains. Buyer Comment (2025-05-16): Comment from [REDACTED]: SEE UPLOADED LLC DOCS IN FIRST CONDITION |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000069198 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to use current appraisal updated value due to rehab. Borrower does not have a documented 12 month landlord history and currently rents. No lease in place requires loe and active rental listing for subject. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | SitusAMC | Reviewer Comment (2025-05-12): Client elects to waive/regrade with compensating factors. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000074365 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per guidelines, at least 1 borrower must be self-employed to qualify for product. Only wages from borrower is being used to qualify, there is no self-employment income. | Reviewer Comment (2025-05-23): Loan reviewed to [REDACTED] guidelines. Reviewer Comment (2025-05-14): We do not have any [REDACTED]approved guidelines, other than for Bank Statement loans. Exception remains. Seller Comment (2025-05-14): Comment from [REDACTED]: Please see the attached for the Jumbo Payment [REDACTED]. Loans under this product should be reviewed to these guidelines. Reviewer Comment (2025-05-13): [REDACTED] provided are for Bank Statement Income only. Exception remains. Buyer Comment (2025-05-13): Comment from[REDACTED]: This is not a Bank statement loan, this is a Jumbo payment smart product and guidelines do not require clients to be self employed. |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000070226 | XXXXXX | XXXXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Reviewer Comment (2025-05-13): After further review, exception has been cleared. Buyer Comment (2025-05-13): Comment from [REDACTED]: Please see page [REDACTED]which confirms the insurance effective date is [REDACTED]. This date is the same as the disbursement date, which meets our insurance active policy date guidelines. |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000070226 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Loan is locked to[REDACTED], however, Income provided is full doc. Guides only support Bank Statement loans. | Reviewer Comment (2025-05-23): Loan reviewed to [REDACTED] guidelines. Reviewer Comment (2025-05-14): Please send guidelines to [REDACTED]for approval so [REDACTED]can provide them to us for use. Exception remains. Seller Comment (2025-05-14): Comment from [REDACTED]: Please see attached i/o product guideline Reviewer Comment (2025-05-13): We do not have any XXXX approved guidelines, other than for Bank Statement loans. Exception remains. Seller Comment (2025-05-13): Comment from [REDACTED]: Please see attached, the loan was originally locked with the bank statement program but was updated to [REDACTED] fixed IO on the same day. The loan should be tested to the IO guidelines, not the bank statement guidelines. |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072142 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The [REDACTED]does not address the cause and cure of the cracks , peeling paint and marks on the ceilings of the interior of the house, exterior wood fence. | Reviewer Comment (2025-05-14): Inspection reports on file Buyer Comment (2025-05-14): Comment from [REDACTED]: The final inspection was completed for the smoke detectors as it was only "subject to" install of carbon monoxide detectors and smoke detectors. Page 8 and 11 contain the verbiage that it is subject to inspection (not repairs) for the cracks, peeling paint and marks on walls and ceilings of the interior of the house and the exterior wood fence. All inspection were completed and included with the images sent with paid invoice. They can be located under the following: Pg 8 and 11 of the appraisals contain commentary.... that the appraisal Pg [REDACTED] contains the invoices for the inspections. [REDACTED] contains the pest inspection. [REDACTED] contains the fungal report. [REDACTED] contains the final report. |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000072142 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide gift letter listing Donor name and address. | Reviewer Comment (2025-05-15): Received, Clearing. Seller Comment (2025-05-15): Comment from[REDACTED]: Please see attached Reviewer Comment (2025-05-14): The gift letter must: specify the actual or the maximum dollar amount of the gift; include the donor's statement that no repayment is expected; and. indicate the donor's name, address, telephone number, and relationship to the borrower. Exception remains. Buyer Comment (2025-05-14): Comment from [REDACTED] contains the gift letter signed by [REDACTED]. [REDACTED]contains a [REDACTED] statement for donor [REDACTED] to source the gift funds, her name and address is present on the statement. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000070730 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least [REDACTED] [REDACTED] business days prior to closing, and appraisal was not provided at or before closing. | Appraisal Report Date is [REDACTED] and waiver provided [REDACTED]. | Reviewer Comment (2025-05-13): Client elects to waive |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070730 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay ([REDACTED]): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [REDACTED], Most Recent Tax Return End Date[REDACTED], Tax Return Due Date [REDACTED]. | Sufficient Income document not provided. | Reviewer Comment (2025-05-13): Accepted as is. |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070730 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank 2014): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [REDACTED], Most Recent Tax Return End Date [REDACTED], Tax Return Due Date [REDACTED]. | Sufficient Income document not provided. | Reviewer Comment (2025-05-13): Accepted as is. |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000070730 | XXXXXX | XXXXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Provided Hazard Insurance Policy Effective Date [REDACTED]; Disbursement Date: [REDACTED]; Note Date: [REDACTED]; Transaction Date: [REDACTED] | Reviewer Comment (2025-05-27): Received updated Hazard Insurance Policy for the period [REDACTED] to [REDACTED]. Exception cleared. Seller Comment (2025-05-27): Comment from [REDACTED]: Please see the attachment. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074223 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The file was missing a copy of Certificate of Good Standing. | Reviewer Comment (2025-05-21): Received Certificate of Good Standing. Exception cleared. Seller Comment (2025-05-21): Comment from [REDACTED] Certificate of Good Standing |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NM | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074223 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Reviewer Comment (2025-05-19): Received[REDACTED]. Exception Cleared. Seller Comment (2025-05-19): Comment from [REDACTED]: Guarantor Agreement |
05/19/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NM | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000075405 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075405 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Hazard Insurance Policy expires within 90 days of the Note Date. | Hazard Insurance Policy Expiration Date ___, Note Date ___ | Reviewer Comment (2025-05-12): Accepted as is. |
05/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074836 | XXXXXX | XXXXXX | 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 (2025-05-13): Received, Clearing. Seller Comment (2025-05-13): Comment from[REDACTED]: Original appraisal was completed [REDACTED]but the appraiser put in the wrong lender name. When we requested a correction, the appraiser updated the effective date of the appraisal to [REDACTED]. Reports are identical and the original appraisal is attached. |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | N/A | No | |||||||||||||||
| XXXXXX | 4000074836 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Reviewer Comment (2025-05-13): Received, Clearing. Seller Comment (2025-05-13): Comment from[REDACTED]: Conditional Loan Approval attached |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | N/A | No | |||||||||||||||
| XXXXXX | 4000075176 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR [REDACTED]% + [REDACTED]%, or [REDACTED]%. Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-15): Cleared |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | AL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075176 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [REDACTED]Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | No cure was provided | Reviewer Comment (2025-05-14): [REDACTED] received valid changed circumstance. Seller Comment (2025-05-13): Comment from [REDACTED]: extension fees. |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | 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 | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075176 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | The file was missing a copy of Fraud Report. | Reviewer Comment (2025-05-13): Received Fraud Report. Exception cleared. Seller Comment (2025-05-13): Comment from[REDACTED]: attached |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075176 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Ownership percentage must be documented via CPA letter, Operating Agreement, or equivalent. | Reviewer Comment (2025-05-19): Received[REDACTED]Operating agreement confirms that the ownership percentage of the business. Exception cleared. Seller Comment (2025-05-16): Comment from [REDACTED]: attached requested. Reviewer Comment (2025-05-16): It has to be something from a third-party source that verifies the ownership percentage of the business. Buyer Comment (2025-05-16): Comment from [REDACTED][REDACTED]): Borrower said he does not have an operating agreement or a cpa - is there anything else we can ask for? Reviewer Comment (2025-05-15): Please provide operating agreement to verify ownership Buyer Comment (2025-05-15): Comment from [REDACTED] ([REDACTED]): What will you accept? Borrower is Sch C, only owner of the LCC, no CPA, self prepares taxes. Reviewer Comment (2025-05-15): The proof of ownership needs to be from a third party source, Operating Agreement or equivalent. Exception remains. Seller Comment (2025-05-15): Comment from [REDACTED]: [REDACTED]% ownership Reviewer Comment (2025-05-13): Documentation provided does not confirm borrowers' percentage of ownership. Exception remains. Seller Comment (2025-05-13): Comment from [REDACTED]: attached |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075176 | XXXXXX | XXXXXX | Credit | Guideline | Guideline Issue | Guideline | Rural property is not permitted on Second Home, Investment, or Cash-Out Refinance per Guidelines | Subject loan is a cashout refinance and not permitted per guidelines. | Reviewer Comment (2025-05-15): Cleared with updated appraisal Seller Comment (2025-05-15): Comment from [REDACTED]: Property has been updated correctly. Thank you, Reviewer Comment (2025-05-13): Per guidelines:[REDACTED] Seller Comment (2025-05-13): Comment from [REDACTED]: Property is primary residence. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075176 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule ([REDACTED]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Appraisal was not provided to the borrower withing 3 days of consummation. | Reviewer Comment (2025-05-15): Accepted as is. Seller Comment (2025-05-15): Comment from [REDACTED]: Orginal appraisal was recieved by borrowers on [REDACTED]. Which is more than 3 days prior to closing. |
05/15/2025 | 2 | B | B | B | B | B | AL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXXXX | 4000075176 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant Higher Priced Mortgage Loan. | Non compliant higher priced mortgage loan. | Reviewer Comment (2025-05-15): Received, Clearing. Seller Comment (2025-05-15): Comment from [REDACTED]: Please take a look at compliance report. Loan is NOT higher-priced. APOR is [REDACTED]% |
05/15/2025 | 1 | A | A | A | A | A | AL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXXXX | 4000075176 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL HPML Appraisal Not Obtained Prior to Closing Test | TILA HPML Appraisal Rule (Dodd-Frank 2014): Appraisal not obtained prior to consummation. | Appraisal not obtained prior to consummation | Reviewer Comment (2025-05-15): Received, Clearing. Reviewer Comment (2025-05-15): The document indicates it was sent electronically but there is not evidence it was received by the borrower-provide evidence of receipt 3 business days prior to closing Seller Comment (2025-05-15): Comment from [REDACTED]: It was recieved by borrowers on [REDACTED] which is more than 3 days prior to closing. |
05/15/2025 | 1 | A | A | A | A | A | AL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXXXX | 4000075176 | XXXXXX | XXXXXX | 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 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Credit did not provide each valuation to applicant 3 business days prior to consummation. | Reviewer Comment (2025-05-15): Received, Clearing. Reviewer Comment (2025-05-15): The document indicates it was sent electronically but there is not evidence it was received by the borrower-provide evidence of receipt 3 business days prior to closing Seller Comment (2025-05-15): Comment from [REDACTED]: It was recieved prior to closing. it was recieved by borrowers on [REDACTED] |
05/15/2025 | 1 | A | A | A | A | A | AL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| XXXXXX | 4000071629 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Please provide a Corporate Resolution for the borrower business entity [REDACTED] | Reviewer Comment (2025-05-15): Received Corporate Resolution. Exception cleared. Seller Comment (2025-05-15): Comment from [REDACTED] ([REDACTED].): attached |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073483 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-13): Client elects to waive |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Purchase | C | B | B | B | C | B | A | A | Safe Harbor QM (APOR) | Higher Priced QM (APOR) | No | ||||||||||||
| XXXXXX | 4000073483 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage ([REDACTED]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of Higher Priced QM (APOR). | Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of Higher Priced QM (APOR). | Reviewer Comment (2025-05-16): Designation restated Buyer Comment (2025-05-16): Comment from [REDACTED]: Please restate loan to match due diligence. |
05/16/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Second Home | Purchase | Lender to provide updated ATR/QM status | C | B | B | B | C | B | A | A | Safe Harbor QM (APOR) | Higher Priced QM (APOR) | Yes | |||||||||
| XXXXXX | 4000073483 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Restated Loan Designation Match - QM / ATR | Ability to Repay / Qualified Mortgage (Dodd-Frank 2014): The initial Loan Designation provided did not match, however, the updated Loan Designation of Higher Priced QM (APOR) matches the Due Diligence Loan Designation of Higher Priced QM (APOR). | Designation restated | Reviewer Comment (2025-05-16): Client elects to waive |
05/16/2025 | 2 | A | B | B | B | A | CA | Second Home | Purchase | C | B | B | B | C | B | A | A | Safe Harbor QM (APOR) | Higher Priced QM (APOR) | No | |||||||||||||||
| XXXXXX | 4000075221 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated PITIA months reserves of [REDACTED]is less than Guideline PITIA months reserves of [REDACTED]. Verified assets EMD $[REDACTED] Checking $[REDACTED] POCB $[REDACTED]. | The representative FICO score exceeds the guideline minimum by at least [REDACTED] points. | SitusAMC | Reviewer Comment (2025-05-28): Client elected to waive/regrade with compensating factors. Lender exception provided. Seller Comment (2025-05-28): Comment from [REDACTED]: [REDACTED]: Please see attached [REDACTED]exception approval Reviewer Comment (2025-05-21): Unable to use balance from Bank Statement dated post-closing. Exception remains. Seller Comment (2025-05-21): Comment from [REDACTED]: [REDACTED]: Please see updated transaction history |
05/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | UT | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000075221 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception is in file for minimum tradeline not reached, less than [REDACTED]tradelines reporting for [REDACTED]months or more. Comp Factors FICO [REDACTED], borrower has a history of owning multiple REOs. | The representative FICO score exceeds the guideline minimum by at least [REDACTED] points. | SitusAMC | Reviewer Comment (2025-05-13): Client elects to waive/regrade with compensating factors. |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000072849 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Preliminary Title Report does not list coverage amount. | Reviewer Comment (2025-05-13): Client elects to waive |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074844 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Legal Description not provided | Legal Description is missing. | Reviewer Comment (2025-05-22): Received Legal Description. Exception Cleared. Seller Comment (2025-05-22): Comment from [REDACTED]([REDACTED]): [REDACTED] Please see attached |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076460 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) | [REDACTED]: Counseling Disclosure not provided to borrower. | Counseling Disclosure not provided to borrower. | Reviewer Comment (2025-05-13): Client elects to waive |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000076460 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant | [REDACTED] Subprime Loan: APR on subject loan of [REDACTED] is in excess of allowable threshold of Prime Mortgage Market Rate[REDACTED] + [REDACTED], or [REDACTED] Non-Compliant SubPrime Loan. | APR on subject loan of [REDACTED] is in excess of allowable threshold of Prime Mortgage Market Rate [REDACTED] + [REDACTED], or [REDACTED]. Non-Compliant SubPrime Loan. | Reviewer Comment (2025-05-13): Client elects to waive |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | 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. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075380 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | The file did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED]% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost, the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED] | Reviewer Comment (2025-05-13): RCE provided. Cleared. Seller Comment (2025-05-13): Comment from [REDACTED]: RCE confirmation from the agent attached. |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075380 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | The articles of formation were not provided for OG [REDACTED] | Reviewer Comment (2025-05-13): Provided. Cleared. Seller Comment (2025-05-13): Comment from [REDACTED]: State formation for [REDACTED] LLC attached |
05/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073459 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: Occupancy Certificate not provided | Occupancy certificate is missing from file. | Reviewer Comment (2025-05-14): Provided in file. Cleared. Buyer Comment (2025-05-14): Comment from [REDACTED][REDACTED]): N/A - Reviewer is to review against [REDACTED] guidelines. An occupancy certificate is a not a guideline requirement |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075917 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. 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 (2025-05-13): Client elects to waive |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075917 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-13): Client elects to waive |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074978 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-13): Accepted as is. |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000076457 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) | [REDACTED] Subprime Loan: Counseling Disclosure not provided to borrower. | [REDACTED]Subprime Counseling Disclosure is missing. | Reviewer Comment (2025-05-13): Accepted as is. |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000076457 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant | [REDACTED] Subprime Loan: APR on subject loan of[REDACTED]% is in excess of allowable threshold of Prime Mortgage Market Rate [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant SubPrime Loan. | APR on subject loan of [REDACTED]% is in excess of allowable threshold of Prime Mortgage Market Rate [REDACTED]% + [REDACTED]%, or[REDACTED]%. Non-Compliant SubPrime Loan. | Reviewer Comment (2025-05-13): Accepted as is. |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | 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. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000073461 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | File is missing Note Addendum - Prepayment | Reviewer Comment (2025-05-14): Clearing. Seller Comment (2025-05-14): Comment from [REDACTED]: We originate only business-purpose loans and our loan document provider does not issue a prepayment addendum. The prepayment penalty information can be found in section J5 of the promissory note - see attached |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | Yes | ||||||||||||||
| XXXXXX | 4000075262 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV 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 on the title preliminary document. | Reviewer Comment (2025-05-13): Client elects to waive |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075262 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-13): Client elects to waive |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073917 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three ([REDACTED]) 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 three ([REDACTED]) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-13): Client elects to waive |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073985 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/[REDACTED]) | Reviewer Comment (2025-05-14): Accepted as is. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073475 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The title Commitment policy amount is $[REDACTED], this is less then the loan amount of $[REDACTED], please provided a title supplement, updated title commitment or final title with the policy amount updated. | Reviewer Comment (2025-05-13): Client elects to waive |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000074103 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification of appraisal was delivered to borrower was not provided | Reviewer Comment (2025-05-14): Accepted as is. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074889 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV 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 on the title preliminary document. | Reviewer Comment (2025-05-13): Client elects to waive |
05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074974 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | E-mail p. [REDACTED] Appraisal attachment sent to Borrowers on [REDACTED]. The Note Date is [REDACTED]. | Reviewer Comment (2025-05-14): Accepted as is. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000074998 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | (Missing Doc) Missing Note Addendum: Note P&I does not match calculated P&I | The note provides a payment of $[REDACTED]which is interest only, however the interest only terms were not provided on the note. Corrected note reflecting the I/O terms is required. | Reviewer Comment (2025-05-22): Corrected note reflecting I/O terms received Reviewer Comment (2025-05-22): Please email to [REDACTED].com. Buyer Comment (2025-05-21): Comment from[REDACTED]: Correct Original Note is being overnighted to [REDACTED]. I want to provide you with copy of the correct original note, but its not giving me an option to attached. |
05/22/2025 | 1 | A | A | A | A | A | FL | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| XXXXXX | 4000075613 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | Miscellaneous | Disaster greater than [REDACTED] year from review date. | SitusAMC | Reviewer Comment (2025-05-30): Received, Clearing. Reviewer Comment (2025-05-29): reopened Reviewer Comment (2025-05-14): Disaster greater than 1 year from review date. |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | B | B | N/A | No | ||||||||||
| XXXXXX | 4000075613 | XXXXXX | XXXXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized, and was originated with an Appraisal Waiver. Secondary Valuation supports value. Sec ID: 89 | Note Date: ___; Lien Position: ___ | Loan is to be securitized. One valuation was provided, with no CU or LCA. | Reviewer Comment (2025-05-14): Accepted as is. Buyer Comment (2025-05-14): Comment from[REDACTED] ([REDACTED]): AVM |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | B | B | N/A | No | |||||||||||
| XXXXXX | 4000075613 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [REDACTED] [REDACTED] business days prior to consummation. | Reviewer Comment (2025-05-14): Accepted as is. Seller Comment (2025-05-14): Comment from[REDACTED] ([REDACTED]): ECOA |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | B | B | N/A | No | ||||||||||||
| XXXXXX | 4000075613 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | AUS Findings: Qualifying asset balance discrepancy. | Calculated qualifying asset balance of [REDACTED] is less than AUS qualifying asset balance of [REDACTED] | Reviewer Comment (2025-05-22): Updated AUS and additional Account Statement provided. Cleared. Seller Comment (2025-05-22): Comment from [REDACTED]([REDACTED]): AUS and etrade statement |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | B | B | N/A | No | ||||||||||||
| XXXXXX | 4000075613 | XXXXXX | XXXXXX | Property | Valuation | General | Valuation | Valuation Product pending | [REDACTED] / Post Disaster Inspection + [REDACTED] - 2 Days | Reviewer Comment (2025-05-30): Received, Clearing. Reviewer Comment (2025-05-30): Valuation Received - [REDACTED] |
05/30/2025 | 1 | A | A | A | A | A | CA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | B | B | N/A | No | |||||||||||||||||
| XXXXXX | 4000073085 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | The file did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED]% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost, the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED]. | Reviewer Comment (2025-05-18): Received Replacement cost estimator. Exception cleared. Seller Comment (2025-05-18): Comment from[REDACTED] ([REDACTED]): RCV |
05/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000072258 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [REDACTED]% Gift on P&L Only program not eligible per guides. | Borrower has verified disposable income of at least [REDACTED]. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least [REDACTED]% and $[REDACTED]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least[REDACTED] less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-14): Client elects to waive/regrade with compensating factors. Lender exception provided. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000070841 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-14): Accepted as is. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075534 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) | New York Subprime Loan: Counseling Disclosure not provided to borrower. | Counseling Disclosure not provided to borrower. | Reviewer Comment (2025-05-14): Accepted as is. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000075534 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant | [REDACTED] Subprime Loan: APR on subject loan of [REDACTED]% is in excess of allowable threshold of Prime Mortgage Market Rate [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant SubPrime Loan. | [REDACTED] Subprime Loan: APR on subject loan of [REDACTED]% is in excess of allowable threshold of Prime Mortgage Market Rate [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant SubPrime Loan. | Reviewer Comment (2025-05-14): Accepted as is. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | 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. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075534 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Notice of Taxes and Insurance Not Provided) | [REDACTED] Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. | [REDACTED] Subprime Loan: Borrower not provided with Notice of Taxes and Insurance on 1st lien, subprime loan. | Reviewer Comment (2025-05-14): Accepted as is. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000074371 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [REDACTED] [REDACTED] business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [REDACTED] [REDACTED] business days prior to consummation. | Reviewer Comment (2025-05-14): Accepted as is. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075454 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-05-14): After further review, exception has been cleared. UCDP =[REDACTED] Seller Comment (2025-05-14): Comment from [REDACTED]: Hello, We were wondering if there was something specific about this loan that requires a secondary valuation although we submitted a UCDP showing a score of [REDACTED]or less? Normally we did not see this condition on other loans. Thank you. |
05/14/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Rate/Term | D | B | A | A | B | B | D | A | N/A | N/A | No | ||||||||||||
| XXXXXX | 4000075454 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-14): Accepted as is. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | D | B | A | A | B | B | D | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000075700 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | The file is missing a copy of the Insurance Verification for[REDACTED]. | Reviewer Comment (2025-05-19): Hazard insurance received for this property, exception cleared. Seller Comment (2025-05-19): Comment from Purchase Clearing ([REDACTED]): Hazard Insurance[REDACTED] |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000075700 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | The file is missing a copy of the Insurance Verification for[REDACTED] | Reviewer Comment (2025-05-19): Hazard insurance received for this property, exception cleared. Seller Comment (2025-05-19): Comment from Purchase Clearing ([REDACTED]): Hazard Insurance [REDACTED][REDACTED] |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000075700 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV 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 on the title preliminary document. | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000075700 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | The file is missing a copy of the Hazard Insurance Policy. | Reviewer Comment (2025-05-18): Received Hazard Insurance Policy. Exception cleared. Seller Comment (2025-05-16): Comment from Purchase Clearing ([REDACTED]): Evidence Of Insurance. |
05/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000074821 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [REDACTED] [REDACTED] business days prior to consummation. | Reviewer Comment (2025-05-14): Accepted as is. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074821 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED] or Final Disclosure APR of [REDACTED] is equal to or greater than the threshold of APOR [REDACTED] + [REDACTED], or [REDACTED]. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-15): Received, Clearing. Seller Comment (2025-05-15): Comment from[REDACTED]: Hello, please see attached, thank you. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074821 | XXXXXX | XXXXXX | 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 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-15): Received, Clearing. Seller Comment (2025-05-15): Comment from[REDACTED]: Hello, please see attached, thank you. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075385 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Flood Insurance Policy not provided | Flood Insurance Policy is missing. | Reviewer Comment (2025-05-16): Flood insurance policy received, exception cleared. Seller Comment (2025-05-16): Comment from[REDACTED]: Please see attached flood policy. Reviewer Comment (2025-05-14): Provide flood policy application was received. Seller Comment (2025-05-14): Comment from [REDACTED]: Please see attached Flood Insurance Policy |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075385 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Hazard Insurance Policy is missing. | Reviewer Comment (2025-05-14): Received Master Policy and HO-6 policy. Exception cleared. Seller Comment (2025-05-14): Comment from[REDACTED]: See attached Master Policy Reviewer Comment (2025-05-14): Received the H06, however still need the master policy Seller Comment (2025-05-14): Comment from [REDACTED]: Please see attached Hazard Insurance Policy |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075385 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | We did not receive source documentation for the Earnest Money Deposit. A cancelled check, wire transfer confirmation or bank statement showing the deposit's origin and movement are required. | Reviewer Comment (2025-05-14): Cleared with evidence of EMD Seller Comment (2025-05-14): Comment from[REDACTED]: Please see attached Earnest Money Deposit |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075625 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [REDACTED] [REDACTED] [REDACTED] business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-14): Accepted as is. Seller Comment (2025-05-14): Comment from[REDACTED]: appraisal delivery |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | A | A | B | B | A | A | Non QM | N/A | No | ||||||||||
| XXXXXX | 4000074721 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-14): Accepted as is. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072922 | XXXXXX | XXXXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Account Statement for WF ending in [REDACTED] , listed on 1003, was not provided. | Reviewer Comment (2025-05-19): Cleared with additional bank statement Seller Comment (2025-05-19): Comment from J[REDACTED]: Please see attached statement for # [REDACTED] |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000072922 | XXXXXX | XXXXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Account Statement for WF ending in [REDACTED], listed on [REDACTED], was not provided. | Reviewer Comment (2025-05-19): Cleared with additional bank statement received Seller Comment (2025-05-19): Comment from [REDACTED]: Please see attached statement for # [REDACTED]- [REDACTED] |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000075049 | XXXXXX | XXXXXX | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Rent schedule is missing on lease property | - | Appraisal is missing. | Reviewer Comment (2025-05-16): Received Appraisal Form 1025 and Operating Income Statement. Exception cleared. Seller Comment (2025-05-15): Comment from Purchase Clearing ([REDACTED]): Appraisal Report. |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NH | Investment | Purchase | D | A | C | A | D | A | N/A | No | |||||||||||||
| XXXXXX | 4000075049 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | Collateral Desk Review in file only. Appraisal is missing. | Reviewer Comment (2025-05-15): Received Appraisal. Exception cleared. Seller Comment (2025-05-15): Comment from Purchase Clearing ([REDACTED]): Appraisal Report. |
05/15/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NH | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075963 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Non Arms Length Transaction. Letter of Explanation [REDACTED], Seller is Mother, and Borrower is son. Borrower has [REDACTED] months housing history [REDACTED], which is less than [REDACTED] months housing history required and LTV is above [REDACTED]%. | 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 [REDACTED]% and $[REDACTED]. The representative FICO score exceeds the guideline minimum by at least [REDACTED]points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-14): Client elected to waive/regrade with compensating factors. Lender exception provided. |
05/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000075209 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Refinance - Cash-out - Home Improvement | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075882 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | File did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED]% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED]. | Reviewer Comment (2025-05-15): Cleared with agent RCE letter Seller Comment (2025-05-15): Comment from [REDACTED]: [REDACTED] - [REDACTED]: Please see the attached email from the HOI agent confirming the policy is written at full repair cost of $[REDACTED]. This verbiage is also present on the declarations page. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075906 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. (Type:Primary[REDACTED]) | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074442 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title policy amount not provided in Title Preliminary document. | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074442 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Evidence of appraisal acknowledgement not provided in file prior 3 days of closing. | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076869 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Full 1004 Appraisal in file. A secondary valuation is not required. | Reviewer Comment (2025-05-27): CDA received and supports value Seller Comment (2025-05-27): Comment from [REDACTED] ([REDACTED]): CDA value $[REDACTED]. Appraisal value $[REDACTED] |
05/27/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Purchase | D | A | A | A | D | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076211 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within [REDACTED]or [REDACTED]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076211 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | The file did not contain an estimated cost to replace from insurer. Calculations are based on 80% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost, the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED] | Reviewer Comment (2025-05-16): Received Replacement Cost Estimator. Exception Cleared. Seller Comment (2025-05-16): Comment from [REDACTED] [REDACTED]: See attached |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075258 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Please provide a Secondary Valuation as per securitization standards. | Reviewer Comment (2025-05-15): CDA provided. Clearing Seller Comment (2025-05-15): Comment from [REDACTED] [REDACTED]: attached Reviewer Comment (2025-05-15): Received CDA is not for subject property, please provide correct CDA for Address [REDACTED] Exception remains. Seller Comment (2025-05-15): Comment from [REDACTED] [REDACTED]: RDA |
05/15/2025 | 1 | D | A | D | A | D | A | D | A | D | A | IL | Investment | Purchase | D | A | A | A | D | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075253 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075253 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[REDACTED] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[REDACTED] is over disclosed by $[REDACTED] compared to the calculated Amount Financed of $[REDACTED] 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 [REDACTED]). | Final Closing Disclosure provided on [REDACTED] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[REDACTED] is over disclosed by $[REDACTED] compared to the calculated Amount Financed of $[REDACTED]and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate. | Reviewer Comment (2025-05-15): Fee name updated to clear exception |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075253 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[REDACTED]is under disclosed by $[REDACTED]compared to the calculated Finance Charge of $[REDACTED]which exceeds the $[REDACTED] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [REDACTED] | Final Closing Disclosure provided on [REDACTED] disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[REDACTED]is under disclosed by $[REDACTED]compared to the calculated Finance Charge of $[REDACTED]which exceeds the $[REDACTED]threshold | Reviewer Comment (2025-05-15): Fee name updated to clear exception |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075253 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Insurance and Tax Verification are Missing | Reviewer Comment (2025-05-15): mortgage statement received Seller Comment (2025-05-15): Comment from [REDACTED] [REDACTED]: Hello, please see attached mortgage statement previously provided showing tax and insurance are impounded |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076455 | XXXXXX | XXXXXX | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | Initial rate lock document is missing. | Reviewer Comment (2025-05-15): Received, Clearing. Buyer Comment (2025-05-15): Comment from [REDACTED] [REDACTED]: A commitment was issued to the borrower on [REDACTED] that is valid for [REDACTED]days and we honored this rate. In this example the standard rate lock was done with the investor after closing, when we identified this loan to be sold. There are times when a loan is not sold immediately after closing. |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000076455 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Mortgage/rental payment history is required by guidelines due to DTI being over [REDACTED]%. | Reviewer Comment (2025-05-15): Statement provided. Cleared. Seller Comment (2025-05-15): Comment from [REDACTED] [REDACTED]: Please see attached Mortgage Payment history dated [REDACTED] |
05/15/2025 | 1 | C | A | C | A | C | A | C | A | D | A | NY | Primary | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073891 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073891 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank 2014): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | List of Homeownership Counseling Organizations Disclosure document is not provided. | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073891 | XXXXXX | XXXXXX | 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 [REDACTED], prior to three ([REDACTED]) business days from transaction date of [REDACTED]. | Reviewer Comment (2025-05-27): Final Settlement statement provided reflecting [REDACTED] Seller Comment (2025-05-27): Comment from [REDACTED]: Please see attached Reviewer Comment (2025-05-23): Please provide final signed/stamped settlement statement in order to clear Seller Comment (2025-05-23): Comment from [REDACTED]: Please see attached Final Settlement Stmt - Bwr signed on [REDACTED] and disbursed [REDACTED] |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000075059 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Missing March bank statement for account ending [REDACTED] | Reviewer Comment (2025-05-16): Received, Clearing. Seller Comment (2025-05-16): Comment from [REDACTED]: Please see attached missing XXXX [REDACTED] bank statement |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074726 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074726 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000072989 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072989 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-15): Sufficient Cure Provided At Closing |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NC | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000076017 | XXXXXX | XXXXXX | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [REDACTED] months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [REDACTED]%. |
SitusAMC SitusAMC |
Reviewer Comment (2025-05-19): Client elected to waive/regrade with compensating factors. Lender exception provided. Seller Comment (2025-05-19): Comment from [REDACTED]: BuyerXXXXapproved credit exception |
05/19/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000073958 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [REDACTED]Percent Fee Tolerance exceeded. Total amount of $[REDACTED]exceeds tolerance of $[REDACTED]plus [REDACTED]% or $[REDACTED]. Insufficient or no cure was provided to the borrower. | No Cure provided in file | Reviewer Comment (2025-05-21): [REDACTED] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Seller Comment (2025-05-20): Comment from [REDACTED]: please see cure redisclosure pkg attached |
05/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | GA | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075361 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within CA and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075361 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | The date the appraisal was provided to the borrower is before the valuation was performed. | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074251 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title policy amount not provided in Title Preliminary document. | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000074251 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000073104 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[REDACTED] is over disclosed by $[REDACTED] compared to the calculated Amount Financed of $[REDACTED] 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 [REDACTED]). | The disclosed Amount Financed in the amount of $[REDACTED] is over disclosed by $[REDACTED] | Reviewer Comment (2025-05-23): [REDACTED] received lender attestation on title-tax service is one time fee & [REDACTED] service Seller Comment (2025-05-22): Comment from [REDACTED]: rebuttal upld |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| XXXXXX | 4000073104 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED]disclosed an inaccurate Finance Charge on page [REDACTED]that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[REDACTED] is under disclosed by $[REDACTED] compared to the calculated Finance Charge of $[REDACTED] which exceeds the $[REDACTED] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [REDACTED]). | The disclosed Finance Charge in the amount of $[REDACTED] is under disclosed by $[REDACTED] | Reviewer Comment (2025-05-23): [REDACTED] received lender attestation on title-tax service is one time fee & [REDACTED] service Seller Comment (2025-05-22): Comment from [REDACTED]: rbuttal upld |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Cash-out - Other | 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 | A | A | A | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| XXXXXX | 4000073104 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | Invalid COC provided. | Reviewer Comment (2025-05-22): [REDACTED] received a valid [REDACTED]. Seller Comment (2025-05-21): Comment from [REDACTED]: coc details and supporting docs upld |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | 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 | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| XXXXXX | 4000074013 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy amount is not provided | Reviewer Comment (2025-05-15): Accepted as is. |
05/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074348 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $[REDACTED] is less than the note amount of $[REDACTED] based on the Commitment in file. | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000074348 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Guidelines state accessory unit is substantially smaller ([REDACTED]sf) than primary unit ([REDACTED]sf), making accessory unit @ [REDACTED]% the size of main dwelling. Approved with comp factors being LTV<[REDACTED]%, credit score [REDACTED], RT Refi (no/limited cash out). | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [REDACTED] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [REDACTED]%. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-16): Client exception received. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000075767 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [REDACTED] Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED] Sufficient or excess cure was provided to the borrower at Closing. | TILA-RESPA Integrated Disclosure: [REDACTED] Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. ([REDACTED]) | Reviewer Comment (2025-05-15): Sufficient Cure Provided At Closing |
05/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075767 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. (Type:Primary/[REDACTED]) | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075657 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Rent loss insurance is required on all properties of 6 months of average rental income and there is no evidence of this insurance in the file. | Reviewer Comment (2025-05-16): Received, Clearing. Seller Comment (2025-05-16): Comment from [REDACTED]: EOI with $ [REDACTED]k in Business Income coverage attached |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075657 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | The file did not contain an estimated cost to replace from insurer. Calculations are based on[REDACTED] of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost, the purchase price) using agency calculation methods. Coverage is insufficient by[REDACTED]. | Reviewer Comment (2025-05-20): RCE provided. Cleared. Seller Comment (2025-05-20): Comment from [REDACTED]: RCE confirmation attached |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075657 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Provide legible copy of operating agreement. | Reviewer Comment (2025-05-16): Received Operating Agreement. Exception Cleared. Seller Comment (2025-05-16): Comment from [REDACTED]: Operating agreement attached |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074583 | XXXXXX | XXXXXX | 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 [REDACTED] incorrectly disclosed whether the loan will have an escrow account. | Reason for No Escrow Account not chosen. | Reviewer Comment (2025-05-20): [REDACTED] received PCCD, LOE, proof of mailing & copy of refund check. Seller Comment (2025-05-19): Comment from [REDACTED]: Please see attached LOE and Updated POST CD |
05/20/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000074583 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within CA and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073123 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy amount is blank. | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075155 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | The copy of Verification of Identification document was missing for [REDACTED] | Reviewer Comment (2025-05-16): Received[REDACTED] Identification. Exception Cleared. Seller Comment (2025-05-16): Comment from [REDACTED]: See attached |
05/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075559 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | B | B | N/A | No | ||||||||||||
| XXXXXX | 4000075559 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | Reviewer Comment (2025-05-22): Received, Clearing. Reviewer Comment (2025-05-21): [REDACTED]-day PDI has been ordered Buyer Comment (2025-05-21): Comment from [REDACTED]: May you please advise on why we need to verify this from [REDACTED]? We have an appraisal waiver, which AUS does not give it to us unless there is a recent appraisal in their system. Reviewer Comment (2025-05-21): . Reviewer Comment (2025-05-16): Disaster greater than [REDACTED] year from review date |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | B | B | N/A | No | |||||||||||||
| XXXXXX | 4000075559 | XXXXXX | XXXXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized, and was originated with an Appraisal Waiver. Secondary Valuation supports value. Sec ID: 89 | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | B | B | N/A | No | |||||||||||||
| XXXXXX | 4000075559 | XXXXXX | XXXXXX | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized, and was originated with an Appraisal Waiver. Secondary Valuation supports value. Sec ID: 89 | Note Date: ___; Lien Position: ___ | Loan is to be securitized. One valuation was provided, with no [REDACTED] or [REDACTED]. | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | B | B | N/A | No | |||||||||||
| XXXXXX | 4000075559 | XXXXXX | XXXXXX | Property | Valuation | General | Valuation | Valuation Product pending | [REDACTED] / Post Disaster Inspection + [REDACTED] - [REDACTED]Days | Reviewer Comment (2025-05-22): Received, Clearing. Reviewer Comment (2025-05-21): Valuation Received - [REDACTED] |
05/22/2025 | 1 | A | A | A | A | A | CA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | B | B | N/A | No | |||||||||||||||||
| XXXXXX | 4000075460 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. 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 (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075441 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000076876 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Email [REDACTED] in file reflects Appraisal Link was sent to Borrower on [REDACTED]. | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| XXXXXX | 4000076876 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule ([REDACTED]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | E-mail D0258 in file reflect Appraisal link sent to Borrower on [REDACTED] | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| XXXXXX | 4000076876 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee increased from $[REDACTED] to $[REDACTED] an increase of $[REDACTED]. A cure of $[REDACTED] was provided. | Reviewer Comment (2025-05-16): Sufficient Cure Provided At Closing |
05/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| XXXXXX | 4000075141 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Closing Disclosure Issue Date Not Provided | TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [REDACTED] 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. | Closing Disclosure estimated to be provided on [REDACTED] did not disclose the actual Date Issued. | Reviewer Comment (2025-05-29): [REDACTED] received lender attestation that CD with missing issue date & blank page [REDACTED]loan calculations was a balancing CD and only signed to acknowledge and agree to those fees. Seller Comment (2025-05-28): Comment from [REDACTED]: To whom it may concern, the Closing disclosure with blank page [REDACTED]and issue date is a balance CD. It just like a final closing statement. The borrower signed it means he or she agrees the fees on it. The attachment is the correct CD. Reviewer Comment (2025-05-27): [REDACTED] received the Final [REDACTED] with borrower executed[REDACTED]at closing. However, this does not address the CD with a missing issue date that was provided. Missing Date Issued, Doc ID [REDACTED], and has the blank page[REDACTED] loan calculations. We should be provided a Lender Attestation to the actual Date Issued of this CD and further information on why this Blank page [REDACTED] loan calculations CD with missing Issue date was signed at closing by borrowers. Seller Comment (2025-05-24): Comment from [REDACTED]: See attached. Reviewer Comment (2025-05-23): [REDACTED] received [REDACTED]CD. The [REDACTED] CD provided reflects [REDACTED], one with Loan Calculations completed and unexecuted and one with blank Loan Calculations and executed by borrower on [REDACTED] Appears the page [REDACTED] that is blank and executed also part of CD with missing Date Issued, see Doc ID [REDACTED]. Would need further lender clarification on the provided CD with the [REDACTED]. Please note that the CD that is being tested as the Final CD has a Missing Date Issued, Doc ID [REDACTED], and has the blank page [REDACTED]loan calculations. We should be provided a Lender Attestation to the actual Date Issued of this CD to determine if it should be tested as the Final CD and further information on why this Blank page [REDACTED]loan calculations CD with missing Issue date was signed at closing by borrowers. Seller Comment (2025-05-22): Comment from [REDACTED]: See attached. Reviewer Comment (2025-05-21): Since the CD was signed by the borrower, it cannot be excluded from testing, therefore resulting in the following material disclosures not being disclosed accurately: TOP, Finance Charge, Amount Financed, and APR and others. The corrective provision under Section [REDACTED](b) of the [REDACTED] requires that the borrower be notified of the error and a refund/adjustment made to ensure the borrower does not pay more than what was disclosed . We've had similar scenarios in the past and based on discussions with outside counsel, we do not generally permit cures under [REDACTED](c) provision of TILA (bona fide unintentional error corrections) as this is construed narrowly and the determination of whether creditor/assignee can show "by a preponderance of evidence" that violation was "[REDACTED]" and not intentional and prove that the error occurred notwithstanding the maintenance of procedures "reasonably adapted" to avoid any such errors would be a matter of legal determination. Accordingly, [REDACTED] does not review/apply the safe harbor provisions under [REDACTED](c) of TILA in its review due to inherent risk that certain courts may not consider error as covered by [REDACTED](c). Exception would regrade to [REDACTED]- [REDACTED] [REDACTED] after consummation upon expiration of statute of limitations. Seller Comment (2025-05-20): Comment from [REDACTED]: See attached. |
05/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Good Faith Redisclosure | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075141 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED] did not disclose the Amount Financed. | Final Closing Disclosure provided on [REDACTED] did not disclose the Amount Financed | Reviewer Comment (2025-05-27): [REDACTED] received[REDACTED] Final CD with all pages signed by borrower at closing Seller Comment (2025-05-24): Comment from [REDACTED]: See attached. Reviewer Comment (2025-05-23): [REDACTED]received [REDACTED] CD. The [REDACTED] CD provided reflects [REDACTED], one with Loan Calculations completed and unexecuted and one with blank Loan Calculations and executed by borrower on [REDACTED] Appears the page [REDACTED] that is blank and executed also part of CD with missing Date Issued, see Doc ID [REDACTED]. Would need further lender clarification on the provided CD with the [REDACTED] Please note that the CD that is being tested as the Final CD has a Missing Date Issued, Doc ID [REDACTED], and has the blank page 5 loan calculations. We should be provided a Lender Attestation to the actual Date Issued of this CD to determine if it should be tested as the Final CD and further information on why this Blank page [REDACTED] loan calculations CD with missing Issue date was signed at closing by borrowers. Seller Comment (2025-05-22): Comment from [REDACTED]: See attached. Reviewer Comment (2025-05-21): Since the CD was signed by the borrower, it cannot be excluded from testing, therefore resulting in the following material disclosures not being disclosed accurately: TOP, Finance Charge, Amount Financed, and APR and others. The corrective provision under Section [REDACTED](b) of the [REDACTED] requires that the borrower be notified of the error and a refund/adjustment made to ensure the borrower does not pay more than what was disclosed . We've had similar scenarios in the past and based on discussions with outside counsel, we do not generally permit cures under [REDACTED](c) provision of TILA (bona fide unintentional error corrections) as this is construed narrowly and the determination of whether creditor/assignee can show "by a preponderance of evidence" that violation was "[REDACTED]" and not intentional and prove that the error occurred notwithstanding the maintenance of procedures [REDACTED] to avoid any such errors would be a matter of legal determination. Accordingly, [REDACTED] does not review/apply the safe harbor provisions under [REDACTED](c) of TILA in its review due to inherent risk that certain courts may not consider error as covered by [REDACTED](c). Exception would regrade to [REDACTED] after consummation upon expiration of statute of limitations. Seller Comment (2025-05-20): Comment from [REDACTED]: See attached. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075141 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure APR | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED] did not disclose the APR. | Final Closing Disclosure provided on XXXXXXX did not disclose the APR. | Reviewer Comment (2025-05-27): [REDACTED] received [REDACTED]Final CD with all pages signed by borrower at closing Seller Comment (2025-05-24): Comment from[REDACTED]: See attached. Reviewer Comment (2025-05-23): [REDACTED] received [REDACTED] CD. The [REDACTED] CD provided reflects [REDACTED], one with Loan Calculations completed and unexecuted and one with blank Loan Calculations and executed by borrower on [REDACTED]Appears the page [REDACTED] that is blank and executed also part of CD with missing Date Issued, see Doc ID [REDACTED]. Would need further lender clarification on the provided CD with the [REDACTED]. Please note that the CD that is being tested as the Final CD has a Missing Date Issued, Doc ID [REDACTED], and has the blank page [REDACTED] loan calculations. We should be provided a Lender Attestation to the actual Date Issued of this CD to determine if it should be tested as the Final CD and further information on why this Blank page [REDACTED]loan calculations CD with missing Issue date was signed at closing by borrowers. Seller Comment (2025-05-22): Comment from [REDACTED]: See attached Reviewer Comment (2025-05-21): Since the CD was signed by the borrower, it cannot be excluded from testing, therefore resulting in the following material disclosures not being disclosed accurately: TOP, Finance Charge, Amount Financed, and APR and others. The corrective provision under Section [REDACTED](b) of the [REDACTED] requires that the borrower be notified of the error and a refund/adjustment made to ensure the borrower does not pay more than what was disclosed . We've had similar scenarios in the past and based on discussions with outside counsel, we do not generally permit cures under [REDACTED](c) provision of TILA (bona fide unintentional error corrections) as this is construed narrowly and the determination of whether creditor/assignee can show "by a preponderance of evidence" that violation was [REDACTED]and not intentional and prove that the error occurred notwithstanding the maintenance of procedures "reasonably adapted" to avoid any such errors would be a matter of legal determination. Accordingly, [REDACTED]does not review/apply the safe harbor provisions under [REDACTED](c) of TILA in its review due to inherent risk that certain courts may not consider error as covered by [REDACTED](c). Exception would regrade to [REDACTED]after consummation upon expiration of statute of limitations. Seller Comment (2025-05-20): Comment from [REDACTED]: See attached. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | 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 | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075141 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Estimated Escrow Payment Under Disclosed Test | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [REDACTED] did not disclose the escrow payment for payment stream 1. | Final Closing Disclosure provided on [REDACTED] did not disclose the escrow payment for payment stream [REDACTED]. | Reviewer Comment (2025-05-21): Cured prior to discovery and within [REDACTED] days of consummation. Reviewer Comment (2025-05-21): Cleared in error. Seller Comment (2025-05-20): Comment from [REDACTED]: See attached. |
05/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075141 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Estimated Taxes, Insurance And Assessments | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [REDACTED] disclosed an Estimated Taxes, Insurance, and Assessments payment that does not match the actual payment for the loan. | Final Closing Disclosure provided on [REDACTED] disclosed an Estimated Taxes, Insurance, and Assessments payment that does not match the actual payment for the loan. | Reviewer Comment (2025-05-27): [REDACTED] received [REDACTED] Final CD with all pages signed by borrower at closing Reviewer Comment (2025-05-27): [REDACTED] received same documents provided earlier in file but not LOE to borrower with explaining changes made on PCCD dated [REDACTED] LOX is required to cure. Seller Comment (2025-05-24): Comment from[REDACTED]: See attached. Reviewer Comment (2025-05-23): [REDACTED] received CD dated [REDACTED]. However, we would require[REDACTED] to the borrower for the changes necessitated on CD dated [REDACTED] Seller Comment (2025-05-22): Comment from XXXX [REDACTED]: See attached. Reviewer Comment (2025-05-21): [REDACTED] received corrected PCCD but the LOE provided is for CD dated [REDACTED]. Please provide LOE for changes made on PCCD dated [REDACTED] Seller Comment (2025-05-20): Comment from [REDACTED]: See attached. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075141 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED] did not disclose the Finance Charge. | Loan Calculations: Final Closing Disclosure provided on [REDACTED] did not disclose the Finance Charge | Reviewer Comment (2025-05-27): [REDACTED] received[REDACTED] Final CD with all pages signed by borrower at closing Seller Comment (2025-05-24): Comment from [REDACTED]: See attached. Reviewer Comment (2025-05-23): [REDACTED] received [REDACTED]CD. The [REDACTED] CD provided reflects [REDACTED] one with Loan Calculations completed and unexecuted and one with blank Loan Calculations and executed by borrower on [REDACTED] Appears the page 5 that is blank and executed also part of CD with missing Date Issued, see Doc ID [REDACTED]. Would need further lender clarification on the provided CD with the [REDACTED]. Please note that the CD that is being tested as the Final CD has a Missing Date Issued, Doc ID [REDACTED], and has the blank page [REDACTED]loan calculations. We should be provided a Lender Attestation to the actual Date Issued of this CD to determine if it should be tested as the Final CD and further information on why this Blank page [REDACTED]loan calculations CD with missing Issue date was signed at closing by borrowers. Seller Comment (2025-05-22): Comment from [REDACTED]: See attached. Reviewer Comment (2025-05-21): Since the CD was signed by the borrower, it cannot be excluded from testing, therefore resulting in the following material disclosures not being disclosed accurately: TOP, Finance Charge, Amount Financed, and APR and others. The corrective provision under Section [REDACTED](b) of the [REDACTED] requires that the borrower be notified of the error and a refund/adjustment made to ensure the borrower does not pay more than what was disclosed . We've had similar scenarios in the past and based on discussions with outside counsel, we do not generally permit cures under [REDACTED](c) provision of TILA (bona fide unintentional error corrections) as this is construed narrowly and the determination of whether creditor/assignee can show "by a preponderance of evidence" that violation was "bona fide" and not intentional and prove that the error occurred notwithstanding the maintenance of procedures "reasonably adapted" to avoid any such errors would be a matter of legal determination. Accordingly, [REDACTED] does not review/apply the safe harbor provisions under [REDACTED](c) of TILA in its review due to inherent risk that certain courts may not consider error as covered by [REDACTED](c). Exception would regrade to [REDACTED]after consummation upon expiration of statute of limitations. Seller Comment (2025-05-20): Comment from [REDACTED]: See attached. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075141 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Partial Payments | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [REDACTED] incorrectly disclosed whether the loan allows for Partial Payments. | Final Closing Disclosure provided on [REDACTED] incorrectly disclosed whether the loan allows for Partial Payments | Reviewer Comment (2025-05-21): Exception cured prior to discovery and within [REDACTED] days of consummation. Seller Comment (2025-05-20): Comment from [REDACTED]: See attached. |
05/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075141 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Property Costs Year 1 Underdisclosed - October 2018 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Estimated Property Costs over Year [REDACTED] of [REDACTED] on Final Closing Disclosure provided on [REDACTED] are underdisclosed | Amount of Estimated Property Costs over Year 1 of [REDACTED] on Final Closing Disclosure provided on [REDACTED] are underdisclosed | Reviewer Comment (2025-05-27): [REDACTED] received[REDACTED] Final CD with all pages signed by borrower at closing Reviewer Comment (2025-05-27): [REDACTED]C received same documents provided earlier in file but not LOE to borrower with explaining changes made on PCCD dated [REDACTED] LOX is required to cure. Seller Comment (2025-05-24): Comment from [REDACTED]: See attached. Reviewer Comment (2025-05-23): [REDACTED] received CD dated [REDACTED]. However, we would require [REDACTED] to the borrower for the changes necessitated on CD dated [REDACTED] Seller Comment (2025-05-22): Comment from [REDACTED]: See attached. Reviewer Comment (2025-05-21): [REDACTED] received corrected PCCD but the LOE provided is for CD dated [REDACTED]. Please provide LOE for changes made on PCCD dated [REDACTED] Seller Comment (2025-05-20): Comment from [REDACTED]: See attached. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075141 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [REDACTED] did not disclose the Total of Payments. | Final Closing Disclosure provided on [REDACTED] did not disclose the Total of Payments | Reviewer Comment (2025-05-27): [REDACTED] received [REDACTED] Final CD with all pages signed by borrower at closing Seller Comment (2025-05-24): Comment from [REDACTED]: See attached. Reviewer Comment (2025-05-23): [REDACTED] received [REDACTED] CD. The [REDACTED] CD provided reflects [REDACTED], one with Loan Calculations completed and unexecuted and one with blank Loan Calculations and executed by borrower on [REDACTED]. Appears the page [REDACTED] that is blank and executed also part of CD with missing Date Issued, see Doc ID [REDACTED]. Would need further lender clarification on the provided CD with the[REDACTED] Please note that the CD that is being tested as the Final CD has a Missing Date Issued, Doc ID [REDACTED], and has the blank page [REDACTED]loan calculations. We should be provided a Lender Attestation to the actual Date Issued of this CD to determine if it should be tested as the Final CD and further information on why this Blank page [REDACTED]loan calculations CD with missing Issue date was signed at closing by borrowers. Seller Comment (2025-05-22): Comment from [REDACTED]: See attached. Reviewer Comment (2025-05-21): Since the [REDACTED] CD was signed by the borrower, it cannot be excluded from testing, therefore resulting in the following material disclosures not being disclosed accurately: TOP, Finance Charge, Amount Financed, and APR and others. The corrective provision under Section [REDACTED](b) of the [REDACTED] requires that the borrower be notified of the error and a refund/adjustment made to ensure the borrower does not pay more than what was disclosed . We've had similar scenarios in the past and based on discussions with outside counsel, we do not generally permit cures under [REDACTED](c) provision of TILA (bona fide unintentional error corrections) as this is construed narrowly and the determination of whether creditor/assignee can show "by a preponderance of evidence" that violation was "[REDACTED]" and not intentional and prove that the error occurred notwithstanding the maintenance of procedures "reasonably adapted" to avoid any such errors would be a matter of legal determination. Accordingly, [REDACTED] does not review/apply the safe harbor provisions under [REDACTED](c) of TILA in its review due to inherent risk that certain courts may not consider error as covered by [REDACTED](c). Exception would regrade to [REDACTED]after consummation upon expiration of statute of limitations. Seller Comment (2025-05-20): Comment from [REDACTED]: See attached. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | 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 | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075141 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure | TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD. | The Seller's final CD contained fees not reflected on the consumer's CD | Reviewer Comment (2025-05-27): [REDACTED] received [REDACTED] Final CD with all pages signed by borrower at closing |
05/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075141 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. 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 (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075141 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | No proof in file that the appraisal was provided to the borrower | Reviewer Comment (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075141 | XXXXXX | XXXXXX | 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). | Loan Calculations on page [REDACTED] are blank. Provide the following: Letter of Explanation notifying borrower or error, Corrected CD, and Proof of Delivery to cure. | Reviewer Comment (2025-05-27): [REDACTED]received [REDACTED] Final CD with all pages signed by borrower at closing Seller Comment (2025-05-24): Comment from[REDACTED]: See attached. Reviewer Comment (2025-05-23): [REDACTED] received[REDACTED]CD. The [REDACTED] CD provided reflects[REDACTED], one with Loan Calculations completed and unexecuted and one with blank Loan Calculations and executed by borrower on[REDACTED]. Appears the page [REDACTED]that is blank and executed also part of CD with missing Date Issued, see Doc ID[REDACTED]. Would need further lender clarification on the provided CD with the[REDACTED]. Please note that the CD that is being tested as the Final CD has a Missing Date Issued, Doc ID[REDACTED], and has the blank page [REDACTED] loan calculations. We should be provided a Lender Attestation to the actual Date Issued of this CD to determine if it should be tested as the Final CD and further information on why this Blank page[REDACTED] loan calculations CD with missing Issue date was signed at closing by borrowers. Seller Comment (2025-05-22): Comment from [REDACTED]: See attached Reviewer Comment (2025-05-21): Since the [REDACTED] CD was signed by the borrower, it cannot be excluded from testing, therefore resulting in the following material disclosures not being disclosed accurately: TOP, Finance Charge, Amount Financed, and APR and others. The corrective provision under Section [REDACTED](b) of the [REDACTED] requires that the borrower be notified of the error and a refund/adjustment made to ensure the borrower does not pay more than what was disclosed . We've had similar scenarios in the past and based on discussions with outside counsel, we do not generally permit cures under [REDACTED](c) provision of TILA (bona fide unintentional error corrections) as this is construed narrowly and the determination of whether creditor/assignee can show "by a preponderance of evidence" that violation was " [REDACTED]" and not intentional and prove that the error occurred notwithstanding the maintenance of procedures "reasonably adapted" to avoid any such errors would be a matter of legal determination. Accordingly, [REDACTED] does not review/apply the safe harbor provisions under [REDACTED]c) of TILA in its review due to inherent risk that certain courts may not consider error as covered by [REDACTED](c). Exception would regrade to [REDACTED]after consummation upon expiration of statute of limitations. Seller Comment (2025-05-20): Comment from [REDACTED]: See attached. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075141 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [REDACTED] contains a change in APR and a complete Closing Disclosure was not received by borrower at least three (3) business days prior to consummation | Blank date issued CD and missing page [REDACTED] loan calculations | Reviewer Comment (2025-05-29): [REDACTED] received lender attestation that CD with missing issue date & blank page [REDACTED] loan calculations was a balancing CD and only signed to acknowledge and agree to those fees. No change in APR and no additional timing requirement. Seller Comment (2025-05-28): Comment from[REDACTED]: To whom it may concern, the Closing disclosure with blank page [REDACTED]and issue date is a balance CD. It just like a final closing statement. The borrower signed it means he or she agrees the fees on it. The attachment is the correct CD. |
05/29/2025 | 1 | A | A | A | A | A | CA | Primary | Purchase | TRID timing exception, no remediation available. | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| XXXXXX | 4000075705 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073784 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bylaws not provided | The file was missing a copy of [REDACTED]. | Reviewer Comment (2025-05-22): Received [REDACTED]. Exception cleared. Seller Comment (2025-05-22): Comment from [REDACTED]: see attached Reviewer Comment (2025-05-20): Received Operating Agreement is already available in file. [REDACTED] document is not provided. Please provide[REDACTED] for [REDACTED] Exception remains. Seller Comment (2025-05-20): Comment from [REDACTED]: See attached Reviewer Comment (2025-05-20): Incorporated companies file have [REDACTED]. We need copies of this. Buyer Comment (2025-05-19): Comment from [REDACTED]: Please be more specific, what Bylaws are you seeking? |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073784 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | The file was missing a copy of Verification of Identification. | Reviewer Comment (2025-05-19): Received Verification of Identification. Exception cleared. Seller Comment (2025-05-19): Comment from [REDACTED]: Please see attached |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075920 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073816 | XXXXXX | XXXXXX | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Form 1004 Appraisal Report is missing in the file. | Reviewer Comment (2025-05-19): Received Appraisal. Exception Cleared. Seller Comment (2025-05-19): Comment from [REDACTED]: Please see attached Appraisal report |
05/19/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000073816 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Missing EIN for [REDACTED] | Reviewer Comment (2025-05-19): Received[REDACTED]. Exception Cleared. Seller Comment (2025-05-19): Comment from [REDACTED]: Please see attached docs for [REDACTED] |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000073816 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Missing Operating Agreement and Articles of Organization/Formation for [REDACTED] | Reviewer Comment (2025-05-19): Received Operating Agreement and Articles of Organization/Formation. Exception Cleared. Seller Comment (2025-05-19): Comment from [REDACTED]: Please see attached docs for [REDACTED] |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000075679 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | File did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED] of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods. Coverage is insufficient by [REDACTED] | Reviewer Comment (2025-05-20): Received, Clearing. Seller Comment (2025-05-20): Comment from [REDACTED] ([REDACTED]): Uploaded EOI & email confirmation of replacement cost basis. |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075679 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075679 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule ([REDACTED]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075101 | XXXXXX | XXXXXX | 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 three (3) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Reviewer Comment (2025-05-21): [REDACTED] received initial CD. Seller Comment (2025-05-20): Comment from[REDACTED]: icd |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000073819 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV 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 on the title preliminary document. | Reviewer Comment (2025-05-16): Accepted as is. |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000073473 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [REDACTED] [REDACTED] business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant [REDACTED] [REDACTED] business days prior to consummation. | Reviewer Comment (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | C | B | B | B | N/A | N/A | No | ||||||||||
| XXXXXX | 4000073473 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TILA | TILA - Impermissible Prepayment Penalty | Truth in Lending Act ([REDACTED]): Covered transaction contains impermissible prepayment penalty. | Covered transaction contains impermissible prepayment penalty. | Reviewer Comment (2025-05-27): Business purpose cert provided Seller Comment (2025-05-23): Comment from [REDACTED]: Please see attached. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | C | B | B | B | N/A | N/A | No | ||||||||||
| XXXXXX | 4000073473 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Final Closing Disclosure Prepayment Penalty Amount | TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [REDACTED] with a prepayment payment disclosed the maximum prepayment penalty amount that does not match the actual maximum amount for the loan. | Final Closing Disclosure provided on [REDACTED] with a prepayment payment disclosed the maximum prepayment penalty amount that does not match the actual maximum amount for the loan. | Reviewer Comment (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | Letter of Explanation & Corrected Closing Disclosure | C | B | C | B | C | B | B | B | N/A | N/A | Yes | |||||||||
| XXXXXX | 4000073473 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within CA and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | C | B | B | B | N/A | N/A | No | |||||||||||
| XXXXXX | 4000073473 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | The file is missing copy of Appraisal Transfer Letter. | Reviewer Comment (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | C | B | B | B | N/A | N/A | No | ||||||||||
| XXXXXX | 4000073473 | XXXXXX | XXXXXX | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Calculated verified reserves of $[REDACTED] is less than available reserves of $[REDACTED]. | Reviewer Comment (2025-05-27): Including cash out received at closing, the exception has been cleared Seller Comment (2025-05-23): Comment from [REDACTED]: Please see attached |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | C | B | B | B | N/A | N/A | No | |||||||||||
| XXXXXX | 4000075374 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | HUD/CD is missing. | Reviewer Comment (2025-05-19): Received, Clearing. Seller Comment (2025-05-16): Comment from [REDACTED]:[REDACTED] |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000072852 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Client:[REDACTED]) | Reviewer Comment (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074916 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| XXXXXX | 4000074916 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [REDACTED] exceeds tolerance of [REDACTED] plus[REDACTED] or [REDACTED]. Insufficient or no cure was provided to the borrower. | No cure was provided | Reviewer Comment (2025-05-21): [REDACTED] received LOX rebuttal comment with bifurcation of Recording fee and transfer taxes and Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception. Seller Comment (2025-05-19): Comment from[REDACTED] Please review attached LOX regarding the Transfer Tax and Fee Itemization. |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | 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 | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| XXXXXX | 4000074916 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [REDACTED]Percent Fee Tolerance exceeded. Total amount of $[REDACTED]exceeds tolerance of $[REDACTED]plus [REDACTED]% or $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-21): Sufficient Cure Provided At Closing |
05/21/2025 | 1 | A | A | A | A | A | NY | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||||||||
| XXXXXX | 4000075228 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule ([REDACTED]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000076535 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage Statement is missing for property. | Reviewer Comment (2025-05-19): Received CD, Tax and Insurance Verification. Exception cleared. Seller Comment (2025-05-19): Comment from [REDACTED]: REO |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000076535 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Appraisal Delivery Confirmation in file reflects Appraisal was sent on [REDACTED] | Reviewer Comment (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000075814 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. 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 (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074237 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $[REDACTED]is less than the note amount of $[REDACTED]based on the Commitment in file. | Reviewer Comment (2025-05-20): Accepted as is. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000073648 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Schedule C Test | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current [REDACTED] status using reasonably reliable third-party records. | Reviewer Comment (2025-05-22): Third party verification in file Seller Comment (2025-05-22): Comment from Purchasing Team [REDACTED]: Hello. This was explained on the ATR notes. He receives three types of pay from his employer [REDACTED]which is reflected as [REDACTED] ages on his [REDACTED], [REDACTED] stat which is reflected on one Schedule[REDACTED]and [REDACTED]which is reflected on a different Schedule[REDACTED] Reviewer Comment (2025-05-19): License provided does not list borrower. Please provide Third Party Verification; CPA Letter or Audited or [REDACTED] Prepared YTD P&L. Seller Comment (2025-05-19): Comment from Purchasing Team[REDACTED]: BUSINESS STATUS |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073648 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Schedule C Test | Ability-to-Repay (Dodd-Frank 2014): Unable to verify current [REDACTED] status using reasonably reliable third-party records. | Reviewer Comment (2025-05-22): Third party verification in file |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073648 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Reviewer Comment (2025-05-22): Third party verification in file |
05/22/2025 | 1 | B | A | C | A | B | A | C | A | B | A | WA | Primary | Purchase | Lender to provide updated ATR/QM status | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000073648 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Third party verification missing for Schedule C Income. | Reviewer Comment (2025-05-22): Third party verification in file |
05/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075259 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Receipt of Appraisal is missing. | Reviewer Comment (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000075259 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Invoices for POCB for Appraisal and Credit Reports not in file. | Reviewer Comment (2025-05-19): Received Invoice for POCB of Appraisal and Credit Report . Exception cleared. Seller Comment (2025-05-19): Comment from [REDACTED]: Hello, please see attached, thank you |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000075259 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Preliminary Title Report does not list policy coverage amount. | Reviewer Comment (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000076532 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage Statement is missing. | Reviewer Comment (2025-05-19): Received CD, Tax and Insurance Verification. Exception cleared. Seller Comment (2025-05-19): Comment from [REDACTED]: taxes and insurance Reviewer Comment (2025-05-19): Received the Final CD, however it is not escrowed, provide tax and insurance verification. Seller Comment (2025-05-19): Comment from[REDACTED]: CD for purchase of [REDACTED] |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000076532 | XXXXXX | XXXXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-Sign Consent Agreement is missing. | Reviewer Comment (2025-05-19): E-sign consent cleared Seller Comment (2025-05-19): Comment from[REDACTED]: econsent |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000076532 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Receipt of Appraisal in file reflects Appraisal delivered on [REDACTED] | Reviewer Comment (2025-05-19): Accepted as is. Seller Comment (2025-05-19): Comment from[REDACTED]: waivers |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000076532 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Missing Certificate of Good Standing for [REDACTED] | Reviewer Comment (2025-05-19): Cleared cert of good standing received Seller Comment (2025-05-19): Comment from [REDACTED]: Cert of Good Standing |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000072859 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Reviewer Comment (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000072859 | XXXXXX | XXXXXX | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | Initial 1003 is Missing | Reviewer Comment (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000072508 | XXXXXX | XXXXXX | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Appraisal address reflects XXXXX XXX, Note reflects XXXXX XXX #XXX | Reviewer Comment (2025-05-28): Corrected appraisal provided. Cleared. Seller Comment (2025-05-28): Comment from [REDACTED]: Corrected appraisal |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000074924 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2025-05-19): [REDACTED]provided. Cleared. Seller Comment (2025-05-19): Comment from [REDACTED]: life ins for reserves |
05/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000075530 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - Occupancy: ___; Declarations/Will borrower occupy: ___ | Reviewer Comment (2025-05-23): Non-occupant co-borrower, loan being treated as second home Buyer Comment (2025-05-23): Comment from [REDACTED]: Per Seller Guide for Non-Occupant Co-borrowers; Occupying Borrower must have income equal/greater to[REDACTED] of PITIA. As income for [REDACTED]s not being used for qualification, Home is being treated as a [REDACTED] home. Please waive. Reviewer Comment (2025-05-20): Please provide correct [REDACTED] executed by borrower. Exception remains. Seller Comment (2025-05-20): Comment from [REDACTED]: Corrected[REDACTED] |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Second Home | Purchase | C | B | C | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| XXXXXX | 4000075530 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [REDACTED] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided for credit report fee increase | Reviewer Comment (2025-05-16): Sufficient Cure Provided At Closing |
05/16/2025 | 1 | A | A | A | A | A | A | A | A | A | A | AZ | Second Home | Purchase | Final CD evidences Cure | C | B | C | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| XXXXXX | 4000075530 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - Not High Cost and Not Higher Priced | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Second Home). | Reviewer Comment (2025-05-16): Client elects to waive |
05/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Second Home | Purchase | C | B | C | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| XXXXXX | 4000075129 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-19): Accepted as is. |
05/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000071989 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [REDACTED] is less than Guideline PITIA months reserves of [REDACTED]. | Reviewer Comment (2025-05-20): Received evidence POC fees paid before closing Seller Comment (2025-05-20): Comment from[REDACTED]: Please see the attached invoices that confirm the POCB fees totaling $[REDACTED] were paid prior to closing. Only $[REDACTED] was due from the borrower at closing and [REDACTED]months reserves were documented. Reviewer Comment (2025-05-19): Reserves discrepancy comes from adding the POCB fees totaling [REDACTED] to the cash to close amount of [REDACTED] The sum is $[REDACTED] Only considering [REDACTED] of the business account assets now. The total available assets of [REDACTED] minus the cash from borrower of[REDACTED]= [REDACTED]. This is not enough to meet the reserve requirement of [REDACTED][REDACTED] months of PITIA). Please provide updated bank statements or customer paid invoices for the POCB fees. Seller Comment (2025-05-19): Comment from [REDACTED]: reserves |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076243 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TILA | TILA - Impermissible Prepayment Penalty | Truth in Lending Act (Dodd-Frank 2014): Covered transaction contains impermissible prepayment penalty. | Covered transaction contains impermissible prepayment penalty. Max PPP exceeds [REDACTED]%, [REDACTED]%, [REDACTED]% in years [REDACTED], [REDACTED], [REDACTED], therefore the PPP is not permissible | Reviewer Comment (2025-05-20): Business purpose cert received |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000076243 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Business Purpose Certificate is Missing | Reviewer Comment (2025-05-20): Business purpose cert received Seller Comment (2025-05-20): Comment from [REDACTED]: BUSINESS PURPOSE |
05/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000075966 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | The note indicates the zip code to be [REDACTED], while the hazard insurance declaration page indicates the zip code as [REDACTED]. | Reviewer Comment (2025-05-21): Corrected policy provided. Cleared. Seller Comment (2025-05-21): Comment from [REDACTED]: insurance |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075382 | XXXXXX | XXXXXX | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | Hazard Policy does not list Lender and its Successors and assigns as [REDACTED]. Hazard Poilcy reflects [REDACTED] ISAOA/ATIMA. | Reviewer Comment (2025-05-28): Revised HOI policy provided. Cleared. Seller Comment (2025-05-28): Comment from [REDACTED]: Please see attached, insurance with information updated. Reviewer Comment (2025-05-22): Please obtain exception from Buyer of the loan, as this is not addressed in guidelines. Exception remains Seller Comment (2025-05-22): Comment from[REDACTED]: Please see attached, Our policy is to not have the [REDACTED] updated until after the loan has closed. This is not a pre-close requirement |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075812 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [REDACTED] not received by borrower at least four (4) business days prior to closing. | Not signed or dated. | Reviewer Comment (2025-05-22): [REDACTED] received proof of earlier electronic receipt Seller Comment (2025-05-21): Comment from[REDACTED]: Please see the attached confirmation borrower viewed the loan estimate within the required timeframe prior to closing. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000075497 | XXXXXX | XXXXXX | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | CLTV reduced by 5% due to Rural zoning. | Reviewer Comment (2025-05-21): Property is suburban as per appraisal document hence correct values as per guidelines. Exception cleared. Seller Comment (2025-05-21): Comment from[REDACTED]: UW Cert |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075497 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | LTV reduced by [REDACTED]% due to Rural zoning. | Reviewer Comment (2025-05-21): Property is suburban as per appraisal document hence correct values as per guidelines. Exception cleared. Seller Comment (2025-05-21): Comment from [REDACTED]: Please see attached UW Cert |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075998 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV 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 on the title preliminary document. | Reviewer Comment (2025-05-20): Accepted as is. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000071498 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Rider - Prepayment not provided | The file was missing a copy of Rider - Prepayment. | Reviewer Comment (2025-05-23): Rider - Prepayment received, exception cleared Seller Comment (2025-05-23): Comment from [REDACTED]: Deed of Trust with Prepayment Rider |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075272 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-20): Accepted as is. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074759 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Provide title evidence with policy amount of $[REDACTED] | Reviewer Comment (2025-05-20): Accepted as is. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000076152 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. 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 (2025-05-20): Accepted as is. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000076152 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | The file was missing a copy of Operating Agreement | Reviewer Comment (2025-05-21): Clearing. Seller Comment (2025-05-21): Comment from [REDACTED]: [REDACTED]: Please see copy of the corp resolution. An operating agreement is not required. |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076682 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/[REDACTED]) | Reviewer Comment (2025-05-20): Accepted as is. Seller Comment (2025-05-20): Comment from [REDACTED]: Recieved on [REDACTED] and loan closed [REDACTED] which is more than[REDACTED] days prior to closing. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076682 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[REDACTED] exceeds tolerance of $[REDACTED] plus [REDACTED]% or $[REDACTED]. Insufficient or no cure was provided to the borrower. | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[REDACTED] exceeds tolerance of $[REDACTED] plus [REDACTED]% or $[REDACTED]. Insufficient or no cure was provided to the borrower. (0) | Reviewer Comment (2025-05-22): [REDACTED] received corrected PCCD and LOE moving the borrower shopped fee from section B to C. Seller Comment (2025-05-21): Comment from[REDACTED]: attached LOX. Reviewer Comment (2025-05-21): [REDACTED] received Post CD by moving the fee to section[REDACTED]. However,we would also require LOX to the borrower in order to clear the exception. Seller Comment (2025-05-20): Comment from [REDACTED]): Borrower shopped for the title company. I've updated the CD as per attached. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000076682 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: [REDACTED]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | TILA-RESPA Integrated Disclosure: [REDACTED]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. ([REDACTED]) | Reviewer Comment (2025-05-21): [REDACTED]received a valid COC. Seller Comment (2025-05-20): Comment from [REDACTED]: Appraisal Value increased from [REDACTED]to[REDACTED] Disclosed within[REDACTED] days as per law and with acceptable reasoning that the borrower accepted: Vendor Reason: This is an unusually high upgraded home with very limited proximate comparables.. |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000076682 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Missing CPA letter indicating the use of business funds will not have a negative impact on the business or a cash flow analysis. | Reviewer Comment (2025-05-21): Cleared with cash flow analysis Seller Comment (2025-05-21): Comment from [REDACTED]: attached |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000069241 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Provided) | Texas Constitution Section [REDACTED]: Borrower did not receive written "Acknowledgment of the Fair Market Value" of homestead property securing loan. | Borrower did not receive written "Acknowledgment of the Fair Market Value" of homestead property securing loan. | Reviewer Comment (2025-05-28): Disclosure provided. Cleared. Seller Comment (2025-05-28): Comment from [REDACTED]: Acknowledgment |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000069241 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (Previous loan refinanced within twelve (12) month period of consummation) | Texas Constitution Section 50(a)(6): Previous loan refinanced within twelve (12) month period of consummation | Previous loan refinanced within twelve (12) month period of consummation | Reviewer Comment (2025-05-28): Per title, the previous mortgage is not a Texas [REDACTED] Seller Comment (2025-05-28): Comment from[REDACTED]: No cashout in the prior [REDACTED]months |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000069241 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-05-20): Accepted as is. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000069241 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State Defect | (TX50(a)(6)) Texas Cash-out Loan (TX Home Equity Disclosure/Notice Concerning Extensions of Credit Not Provided) | Texas Constitution Section 50(a)(6): Revised Notice Concerning Extensions of Credit Disclosure dated less than [REDACTED]days prior to closing, however file includes a signed acknowledgment stating that the owner(s) received the Notice at least [REDACTED]days prior to closing. | Reviewer Comment (2025-05-20): Accepted as is. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Refinance - Cash-out - Other | Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000072527 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Property is a refinance and listed for sale. Borrower's business built the home. Approved with comp factors being [REDACTED] LTV, better positioning financing, seasoned investors with tenant occupied, DSCR > 1. | The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [REDACTED]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
SitusAMC SitusAMC |
Reviewer Comment (2025-05-20): Client elected to waive/regrade with compensating factors. Lender exception provided. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Investment | Refinance - Rate/Term | B | B | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000075021 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three ([REDACTED]) business days of application or determination of first lien status. | Reviewer Comment (2025-05-21): Accepted as is. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000076117 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Receipt of Appraisal is missing. | Reviewer Comment (2025-05-20): Accepted as is. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076117 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Preliminary Title report does not list policy coverage amount. | Reviewer Comment (2025-05-20): Accepted as is. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075456 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-20): Accepted as is. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000076294 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-20): Accepted as is. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075467 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [REDACTED]is less than Guideline PITIA months reserves of 3.00. Verified assets Checking $[REDACTED], EMD $[REDACTED], Unverified gift funds $[REDACTED]. | Reviewer Comment (2025-05-21): Updated the gift amount to [REDACTED] per letter and wire confirmation received. Exception cleared. Seller Comment (2025-05-21): Comment from[REDACTED]: Hello, please see attached |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075467 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Donor Check not provided | Missing evidence of receipt of gift funds in the amount of $[REDACTED] | Reviewer Comment (2025-05-21): Updated the gift amount to[REDACTED]per letter and wire confirmation received. Exception cleared. Seller Comment (2025-05-21): Comment from[REDACTED]: Hello, please see attached updated documents |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076106 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | HOA Verification not located in file. | Reviewer Comment (2025-05-28): Property is a duplex. No HOA on the property. Reviewer Comment (2025-05-21): HOA Verification is not received and there is still other payment of [REDACTED] provide evidence for this other payment. Exception remains. Seller Comment (2025-05-21): Comment from [REDACTED]: [REDACTED] [REDACTED] is a duplex |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000076106 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Page two of the Final Closing Disclosure is missing. | Reviewer Comment (2025-05-22): Received, Clearing. Seller Comment (2025-05-21): Comment from[REDACTED] [REDACTED]: [REDACTED] with Page [REDACTED] |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000076106 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Preliminary Title does not list policy coverage amount. | Reviewer Comment (2025-05-21): Accepted as is. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000074937 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. 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 (2025-05-20): Accepted as is. |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000074937 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Personal not provided | Missing [REDACTED] A/C # [REDACTED] to meet reserve requirements. | Reviewer Comment (2025-05-21): Received Bank statement. Exception cleared. Seller Comment (2025-05-21): Comment from [REDACTED]: [REDACTED]: See attached documents |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074937 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Missing [REDACTED] Statement A/C # [REDACTED] to meet reserve requirements. | Reviewer Comment (2025-05-21): Received additional bank statements included in assets. Available for reserves is sufficient to meet guideline reserves requirement. Exception cleared. Seller Comment (2025-05-21): Comment from[REDACTED]: [REDACTED]: See attached documents |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076100 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-05-30): Received CDA. Exception cleared. Seller Comment (2025-05-30): Comment from[REDACTED]: CDA |
05/30/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Purchase | D | A | A | A | D | A | N/A | No | |||||||||||||||
| XXXXXX | 4000073091 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | The file was missing a copy of fraud report | Reviewer Comment (2025-05-21): Received Fraud Report. Exception Cleared. Seller Comment (2025-05-21): Comment from [REDACTED]: Fraud report |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| XXXXXX | 4000073091 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | The file was missing a copy of OFAC/ Fraud report | Reviewer Comment (2025-05-21): Received Fraud Report OFAC Information Provided. Exception Cleared. Seller Comment (2025-05-21): Comment from [REDACTED]: fraud report |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000075829 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/[REDACTED]) | Reviewer Comment (2025-05-21): Accepted as is. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074923 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: AUS not provided | AUS LP document is missing from file. | Reviewer Comment (2025-05-21): AUS received Seller Comment (2025-05-21): Comment from [REDACTED]: LPA |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000074923 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | appraisal acknowledgment not provided in file prior [REDACTED]days of closing. | Reviewer Comment (2025-05-21): Accepted as is. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000075001 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:[REDACTED] Tolerance exceeded for Lender Credits. Final Lender Credit of $[REDACTED] exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[REDACTED] exceeds tolerance of $[REDACTED]. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-21): [REDACTED] received a valid COC. Seller Comment (2025-05-21): Comment from [REDACTED]: Please see attached COC and Exception Form. |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | 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 | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000074208 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Reviewer Comment (2025-05-21): Accepted as is. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | HI | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074208 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-21): Accepted as is. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | HI | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074208 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TILA | Federal LO Compensation Dual Compensation Dodd Frank Test | Loan Originator Compensation: Dual compensation received from both a consumer and person other than consumer. | Credit Report Fee paid by Broker. | Reviewer Comment (2025-05-22): Received, Clearing. Seller Comment (2025-05-21): Comment from [REDACTED]: Please see attached |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073733 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule ([REDACTED]): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Disclosure Tracking Summary in file reflect Appraisal sent [REDACTED] | Reviewer Comment (2025-05-21): Accepted as is. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000073733 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Guarantor agreement is missing. | Reviewer Comment (2025-05-22): Received Guarantor agreement. Exception Cleared. Seller Comment (2025-05-22): Comment from [REDACTED]: guaranty agreement |
05/22/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Purchase | D | B | D | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000075846 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within [REDACTED] or [REDACTED] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-21): Accepted as is. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074440 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within [REDACTED] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-21): Accepted as is. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074440 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | Reviewer Comment (2025-05-21): Accepted as is. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000071071 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of [REDACTED] exceeds tolerance of [REDACTED] plus [REDACTED] or [REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-22): Sufficient Cure Provided At Closing |
05/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000071071 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Incorrect Right To Cancel Form Used - H-9 Used on Non Same Lender Refinance | Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-9 form was used, the H-8 form should have been used. | Reviewer Comment (2025-05-27): Received corrected[REDACTED] form Seller Comment (2025-05-23): Comment from [REDACTED]: Here is the corrected form Reviewer Comment (2025-05-23): The [REDACTED] Form was provided in the initial file and in trailing documents. The [REDACTED]is used for refinance transactions paying off the same creditor. The title reflects the original creditor is not the same as the new creditor therefore, the [REDACTED]form should be executed Seller Comment (2025-05-23): Comment from[REDACTED]: Correct [REDACTED] |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | 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 | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000075599 | XXXXXX | XXXXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing from file. | Reviewer Comment (2025-05-21): [REDACTED] received, exception cleared Seller Comment (2025-05-21): Comment from [REDACTED]: [REDACTED] is attached |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| XXXXXX | 4000075599 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title policy amount not provided in Title Preliminary document. | Reviewer Comment (2025-05-21): Accepted as is. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000073839 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-21): Accepted as is. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000073839 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within [REDACTED] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-21): Accepted as is. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000075854 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - PUD not provided | PUD Rider is Missing in the file. | Reviewer Comment (2025-05-27): Received Rider - PUD. Exception cleared. Seller Comment (2025-05-23): Comment from[REDACTED]: Please see attached. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075854 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three ([REDACTED]) business days prior to consummation. (Type:Primary/[REDACTED]) | Reviewer Comment (2025-05-22): Client elects to waive |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075854 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account Statement Missing | RESPA: Initial escrow account statement was not provided to the borrower. | RESPA: Initial escrow account statement was not provided to the borrower. | Reviewer Comment (2025-05-22): Client elects to waive |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076759 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-22): Two appraisals received Buyer Comment (2025-05-22): Comment from[REDACTED]: XXXX is purchasing this loan as a Non-Qm |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076759 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Reviewer Comment (2025-05-22): Client elects to waive |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000076759 | XXXXXX | XXXXXX | 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 2014): Flipped Property - Creditor did not obtain two (2) written appraisals. | Reviewer Comment (2025-05-22): Two appraisals received Seller Comment (2025-05-22): Comment from [REDACTED]: Please see attached two appraisal reports |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000073785 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Legal Description not provided | Reviewer Comment (2025-05-22): Provided via Security Instrument. Cleared. Seller Comment (2025-05-22): Comment from [REDACTED]: The legal description is listed on the page[REDACTED] of the deed of trust. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000074036 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-21): Accepted as is. |
05/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000074036 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [REDACTED] is less than Guideline PITIA months reserves of [REDACTED] | Reviewer Comment (2025-05-28): After further review, exception has been cleared. Buyer Comment (2025-05-28): Comment from[REDACTED]([REDACTED]): We verified $[REDACTED]in assets and the cash to close was only[REDACTED]. That left $[REDACTED] towards the reserves. The PITIA was only [REDACTED] so we had more than enough left for reserves. Was there an account they are not using for some reason? |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000077948 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2025-05-22): Received Certificate of Good Standing. Exception Cleared. Seller Comment (2025-05-22): Comment from [REDACTED]: Please see attached Certificate of Good Standing. |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| XXXXXX | 4000076109 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. 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 (2025-05-22): Accepted as is. |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000076109 | XXXXXX | XXXXXX | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | The Hazard Insurance Policy Effective Date is after the later of the disbursement, note or transaction date. | Reviewer Comment (2025-05-23): PCCD received showing disbursement date after the hazard effective date, exception cleared. Seller Comment (2025-05-23): Comment from [REDACTED]: Hello, please see attached, thank you. |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000076109 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-05-22): Accepted as is. |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076174 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Preliminary Title Report does not provided policy coverage amount. | Reviewer Comment (2025-05-22): Client elects to waive |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076304 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | The appraisal was not provided to the borrower within 3 days of consummation. | Reviewer Comment (2025-05-22): Client elects to waive |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000076304 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within [REDACTED]or [REDACTED]and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-22): Client elects to waive |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000076304 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance Verification is missing. | Reviewer Comment (2025-05-28): Received Closing Disclosure and Insurance Verification for the property [REDACTED], [REDACTED] Exception cleared. Seller Comment (2025-05-28): Comment from [REDACTED]): Please see attached REO Docs |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000076304 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Rider - Prepayment not provided | Rider - Prepayment is missing. | Reviewer Comment (2025-05-27): Received Rider - Prepayment. Exception cleared. Seller Comment (2025-05-23): Comment from [REDACTED]: Prepayment rider |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000076181 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-22): Sufficient Cure Provided At Closing |
05/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NV | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000076181 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Trust Agreement (Asset) not provided | Trust Agreement required by guidelines is missing. | Reviewer Comment (2025-05-27): After further review, exception cleared. Buyer Comment (2025-05-23): Comment from XXXX [REDACTED]): The subject did not close in a TRUST, we should not be prerequiring Trust docs. Kindly review and waive the condition. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000076103 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | CDA Report Date [REDACTED] - Less than 3 business days from closing. | Reviewer Comment (2025-05-22): Client elects to waive |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000076103 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Schedule E was not provided for [REDACTED]. | Reviewer Comment (2025-05-22): Cleared schedule[REDACTED] was provided. Seller Comment (2025-05-22): Comment from [REDACTED]: [REDACTED] shows all properties |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000076103 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Schedule E was not provided for [REDACTED] | Reviewer Comment (2025-05-22): Schedule[REDACTED] was provided Seller Comment (2025-05-22): Comment from[REDACTED]):[REDACTED] shows all properties |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000076103 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing complete [REDACTED] for 2023 and 2024, including[REDACTED] | Reviewer Comment (2025-05-22): Cleared 1[REDACTED] including schedule [REDACTED] provided. Seller Comment (2025-05-22): Comment from [REDACTED]): [REDACTED]s |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000076103 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing all pages of Closing Disclosure dated [REDACTED]. | Reviewer Comment (2025-05-22): Cleared- all pages of CD received Seller Comment (2025-05-22): Comment from[REDACTED]): CD |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000076400 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | DTI exceeded due to calculated rental loss for [REDACTED] is more than lender qualifications. | Reviewer Comment (2025-05-23): DTI now less than guideline limits Seller Comment (2025-05-22): Comment from[REDACTED]): Hello, please see attached, thank you |
05/23/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000076400 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [REDACTED] of [REDACTED]% significantly exceeds the guideline maximum of[REDACTED]%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | DTI exceeded due to calculated rental loss for[REDACTED] is more than lender qualifications. | Reviewer Comment (2025-05-23): DTI now less than guideline limits Seller Comment (2025-05-22): Comment from [REDACTED]: Hello, please see attached, thank you |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076400 | XXXXXX | XXXXXX | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | DTI exceeded due to calculated rental loss for [REDACTED] is more than lender qualifications. | Reviewer Comment (2025-05-22): As per the Credit Supplement received, [REDACTED]mortgage is on property [REDACTED], [REDACTED]is transferred to [REDACTED] Hence qualifying rental loss for the property is -[REDACTED]of [REDACTED] is within the guideline limit. Exception cleared. Seller Comment (2025-05-22): Comment from[REDACTED]: Hello, please see attached, thank you |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000076400 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | DTI exceeded due to calculated rental loss for [REDACTED]is more than lender qualifications. | Reviewer Comment (2025-05-23): DTI now less than guideline limits Seller Comment (2025-05-22): Comment from[REDACTED]: Hello, please see attached, thank you |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076400 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-22): Accepted as is. |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000075293 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception approved for use of a private VOM to complete [REDACTED] housing history. Comp factor[REDACTED] reserves. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least[REDACTED] Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $[REDACTED]. The representative FICO score exceeds the guideline minimum by at least [REDACTED] points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-22): Client elects to waive/regrade with compensating factors. |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000076309 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) New York Subprime Loan (Counseling Disclosure Not Provided) | New York Subprime Loan: Counseling Disclosure not provided to borrower. | New York Subprime Counseling Disclosure is missing. | Reviewer Comment (2025-05-22): Client elects to waive |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| XXXXXX | 4000076309 | XXXXXX | XXXXXX | Compliance | Compliance | State Compliance | State HPML | New York Subprime Home Loan Threshold Greater than 3 Year ARM Non-Compliant | [REDACTED]Subprime Loan: APR on subject loan of [REDACTED]% is in excess of allowable threshold of Prime Mortgage Market Rate[REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant SubPrime Loan. | APR on subject loan of[REDACTED]% is in excess of allowable threshold of Prime Mortgage Market Rate [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant SubPrime Loan. | Reviewer Comment (2025-05-22): Client elects to waive |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | 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. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000076292 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing. | Reviewer Comment (2025-05-28): Received Articles of Organization/Formation. Exception cleared. Seller Comment (2025-05-28): Comment from [REDACTED]: Articles of Organization |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076292 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) is missing. | Reviewer Comment (2025-05-28): Received Employer Identification Number (EIN). Exception cleared. Seller Comment (2025-05-28): Comment from [REDACTED]: EIN |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076292 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is missing. | Reviewer Comment (2025-05-28): Received Certificate of Good Standing. Exception cleared. Seller Comment (2025-05-28): Comment from [REDACTED]: COGS |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074489 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | The file was missing a copy of Statement. | Reviewer Comment (2025-05-23): Received, cleared Seller Comment (2025-05-23): Comment from[REDACTED]: Mortgage statement and HOA doc for [REDACTED] |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074489 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient by $[REDACTED] | Reviewer Comment (2025-05-23): Replacement cost verbiage on policy Seller Comment (2025-05-23): Comment from [REDACTED]: HOI policy with replacement, first mention top of page[REDACTED]and in the policy. Logan guidelines accept replacement cost. |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000074796 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Reviewer Comment (2025-05-22): Accepted as is. |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076473 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule[REDACTED]: Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three business days prior to consummation. | Reviewer Comment (2025-05-22): Waived per client |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000075817 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule [REDACTED]: Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements | Reviewer Comment (2025-05-23): Client elects to waive |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076115 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule[REDACTED]: Safe Harbor requirements not satisfied. | TILA HPML appraisal Rule [REDACTED]: Safe Harbor requirements not satisfied. | Reviewer Comment (2025-05-22): Accepted as is. |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076115 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2025-05-22): Accepted as is. |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| XXXXXX | 4000075459 | XXXXXX | XXXXXX | Credit | 1003 | Document Error | 1003 | Borrower(s) is not a U.S. Citizen, and the guideline required documentation was not provided. | - | Visa Classification is not allowed. Only the following VISA or EAD classifications are allowed - E-1, E-2, E-3, H-1B, O-1, EB-5, L-1 R-1, G-1 through G-5, NATO, TN(NAFTA) R-1. | Reviewer Comment (2025-05-28): Since borrower only has EAD card and not a XXXX, this is acceptable per guidelines Seller Comment (2025-05-28): Comment from[REDACTED]: Hello, the visa classification guidelines are only for individuals who do not have EAD cards. Those who have EAD cards, we follow the attached highlighted guidelines. Thank you. Reviewer Comment (2025-05-27): As per deal notes, [REDACTED] NonQM [REDACTED] guidelines are used. As per [REDACTED] NonQM guidelines, following Visa types allowed: [REDACTED] through [REDACTED] [REDACTED] Exception remains. Buyer Comment (2025-05-27): Comment from [REDACTED]: Hello, could you please kindly check with [REDACTED] one more time as they stated that the Visa type [REDACTED] is acceptable since the Borrower has an EAD? Thank you. |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075459 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/[REDACTED]) | Reviewer Comment (2025-05-23): Client elects to waive |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075459 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant Higher Priced Mortgage Loan. | Federal Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED]% is equal to or greater than the threshold of APOR [REDACTED]% + [REDACTED]%, or [REDACTED]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-27): Receipt doc provided. Cleared. Seller Comment (2025-05-27): Comment from [REDACTED]): Please see attached, thank you. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075459 | XXXXXX | XXXXXX | 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 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Federal Higher-Priced Mortgage Loan: APR on subject loan of [REDACTED]% or Final Disclosure APR of [REDACTED] % is equal to or greater than the threshold of APOR [REDACTED] % + [REDACTED] %, or [REDACTED]%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-05-27): Receipt doc provided. Cleared. Seller Comment (2025-05-27): Comment from [REDACTED]: Hello, the Consummation date was [REDACTED], which was when another Acknowledgement of Receipt of Appraisal Report was signed. The one delivered at the time of Appraisal Delivery is dated [REDACTED]. Thank you. Reviewer Comment (2025-05-27): Received Acknowledgement of Receipt of Appraisal is signed by the borrower on [REDACTED]. Please provide Acknowledgement of Receipt of Appraisal dated and signed by the borrower on closing date [REDACTED]Exception remains. Seller Comment (2025-05-23): Comment from[REDACTED]: Hello, Please see attached. Proof of appraisal receipt was completed on[REDACTED]and the consummation date is [REDACTED]nd therefore, the Appraisal proof of receipt was more than [REDACTED] days. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000075459 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [REDACTED]disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [REDACTED]disclosed whether Homeowners insurance is included in escrow in incorrect section. Creditor disclosed insurance to consumer in "Other" section where regulation requires disclosure under "Homeowner's Insurance" section of Projected Payments table. Disclosure requirement met, non-material exception for incorrect format/placement. (Final/[REDACTED]) | Reviewer Comment (2025-05-23): Client elects to waive |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | Good Faith Redisclosure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000075459 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TILA | CHARM Booklet Provided Through Home Loan Toolkit | TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet provided to the borrower through Home Loan Toolkit. | TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet provided to the borrower through Home Loan Toolkit. | Reviewer Comment (2025-05-23): Client elects to waive |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074255 | XXXXXX | XXXXXX | 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 [REDACTED] is not in images. | Reviewer Comment (2025-05-22): Form [REDACTED] received, exception cleared. Seller Comment (2025-05-22): Comment from [REDACTED]: [REDACTED] |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | C | A | N/A | No | |||||||||||||
| XXXXXX | 4000074255 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | The file is missing a copy of the Fraud Report | Reviewer Comment (2025-05-22): Fraud report received, exception cleared. Seller Comment (2025-05-22): Comment from[REDACTED]: fraud guard |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | C | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074255 | XXXXXX | XXXXXX | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. 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 (2025-05-22): Client elects to waive |
05/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | C | A | N/A | No | |||||||||||||
| XXXXXX | 4000074255 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | The file is missing a copy of the OFAC. | Reviewer Comment (2025-05-22): Fraud report received showing an OFAC Pass status, exception cleared. Seller Comment (2025-05-22): Comment from [REDACTED]: ofac |
05/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | C | B | C | B | C | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074901 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-23): Accepted as is. |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| XXXXXX | 4000076108 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. (Type:Primary/[REDACTED] | Reviewer Comment (2025-05-23): Waived per client request Buyer Comment (2025-05-23): Comment from [REDACTED]): Hello, the Appraisal is dated [REDACTED]and the Note date is[REDACTED]. May we please request a waiver on this condition? Thank you. |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000074865 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The Certificate of Good Standing is not legible. | Reviewer Comment (2025-05-27): Received Certificate of Good Standing. Exception cleared. Seller Comment (2025-05-24): Comment from [REDACTED]: Please see attached, thank you for your help. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074608 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing required Business Narrative document for each Business. | Reviewer Comment (2025-05-27): Business Narratives received Seller Comment (2025-05-26): Comment from [REDACTED]: Please see attached |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074608 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Missing required Business Narrative document for each Business. | Reviewer Comment (2025-05-27): Business narratives received Seller Comment (2025-05-26): Comment from [REDACTED]: Please see attached |
05/27/2025 | 1 | B | A | C | A | B | A | C | A | B | A | MD | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000074608 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Missing required Business Narrative document for each Business. | Reviewer Comment (2025-05-27): Business narratives received Seller Comment (2025-05-26): Comment from[REDACTED]: Please see attached |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000074608 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule ([REDACTED]): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | The borrower was not provided a copy of the appraisal at or before closing. | Reviewer Comment (2025-05-23): Client elects to waive |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073432 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [REDACTED]Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan). Fee Amount of $[REDACTED]exceeds tolerance of $[REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient Cure was provided | Reviewer Comment (2025-05-23): Sufficient Cure Provided At Closing |
05/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Second Home | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000073432 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file was missing a copy of HOA Verification, Insurance Verification and Tax Verification for [REDACTED]. | Reviewer Comment (2025-05-28): HOA received and applied. Mortgage statement confirms the payment is escrowed. Exception cleared. Seller Comment (2025-05-28): Comment from [REDACTED]: [REDACTED]mtg statement reflects escrow payments |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000073432 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file was missing a copy of HOA Verification, Insurance Verification and Tax Verification for [REDACTED]. | Reviewer Comment (2025-05-28): Cleared- HOA, Tax, Ins received. Seller Comment (2025-05-28): Comment from [REDACTED]: tax/ins |
05/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072693 | XXXXXX | XXXXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2025-05-27): Acceptable document received, exception cleared. Seller Comment (2025-05-27): Comment from [REDACTED]: econsent |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000072693 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of [REDACTED] exceeds tolerance of [REDACTED]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-23): Sufficient Cure Provided At Closing |
05/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000072693 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Two appraisals required for loan amounts greater than $[REDACTED]. Loan amount is $[REDACTED] and only 1 appraisal on file. | Reviewer Comment (2025-05-27): Additional appraisal received, exception cleared Seller Comment (2025-05-27): Comment from [REDACTED]: [REDACTED] |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000076491 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | Purchase Agreement is missing. | Reviewer Comment (2025-05-23): Purchase contract received, exception cleared. Seller Comment (2025-05-23): Comment from [REDACTED]: COS |
05/23/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| XXXXXX | 4000076286 | XXXXXX | XXXXXX | Credit | Title | Document Error | Title | The Preliminary title policy is within CA or NV and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Preliminary Title does not list coverage amount. | Reviewer Comment (2025-05-23): Client elects to waive |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000076286 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Receipt of Appraisal is missing. | Reviewer Comment (2025-05-23): Client elects to waive |
05/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076286 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay ([REDACTED]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | ATR fail due to unable to verify funds for closing from equity on property sold, due to being dated post closing. | Reviewer Comment (2025-05-27): Received, cleared Seller Comment (2025-05-23): Comment from[REDACTED]: Hello, please see the attached PCCD showing disbursement date after the property sold from the submission package. |
05/27/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM status | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| XXXXXX | 4000076286 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Assets | Ability to Repay (Dodd-Frank 2014): Unable to verify assets using reasonably reliable third-party records. | Unable to verify funds for closing from equity on property sold, due to being dated post closing. | Reviewer Comment (2025-05-27): Received, cleared Seller Comment (2025-05-23): Comment from[REDACTED]: Hello, please see the attached PCCD showing disbursement date after the property sold from the submission package. |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076286 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | ATR fail due to unable to verify funds for closing from equity on property sold, due to being dated post closing. | Reviewer Comment (2025-05-27): Received, cleared |
05/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| XXXXXX | 4000076302 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2025-06-04): Received, Clearing. Seller Comment (2025-06-04): Comment from [REDACTED] Cert of Good Standing |
06/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||
| XXXXXX | 4000076302 | XXXXXX | XXXXXX | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided | Permanent Resident Card expired on [REDACTED] and Form I-[REDACTED]does not reflect the extension dates. | Reviewer Comment (2025-06-04): Received, Clearing. Seller Comment (2025-06-04): Comment from [REDACTED]: [REDACTED] uploaded. Borrower states that these are the only documents they were provided from [REDACTED] |
06/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076302 | XXXXXX | XXXXXX | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | File did not contain an estimated cost to replace from insurer. Calculations are based on [REDACTED]% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods. Coverage is insufficient by $[REDACTED]. | Reviewer Comment (2025-05-30): Received, Clearing. Seller Comment (2025-05-30): Comment from [REDACTED]: Homeowners insurance uploaded. |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076302 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-05-23): Received CDA. Exception Cleared. Seller Comment (2025-05-23): Comment from [REDACTED]: CDA value $[REDACTED]. Appraisal value[REDACTED] |
05/23/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||
| XXXXXX | 4000075916 | XXXXXX | XXXXXX | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance Verification is missing from file for this REO property. | Reviewer Comment (2025-05-27): After further review, exception has been cleared. Seller Comment (2025-05-27): Comment from [REDACTED]: property is vacant land |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000075916 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule ([REDACTED]): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-05-27): Accepted as is per client. Seller Comment (2025-05-27): Comment from [REDACTED]: appraisal delivery |
05/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||
| XXXXXX | 4000078309 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Secondary valuation is missing. | Reviewer Comment (2025-05-27): CDA received and supports value Seller Comment (2025-05-27): Comment from[REDACTED]: CDA value $[REDACTED] Appraisal value[REDACTED] |
05/27/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NJ | Investment | Purchase | D | A | A | A | D | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074802 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Reviewer Comment (2025-05-27): Prepayment penalty details in the Note Seller Comment (2025-05-27): Comment from[REDACTED]: N/A - We originate only business-purpose loans and our loan document provider does create a separate prepayment addendum to the note. The prepayment information is contained within Section[REDACTED]of the attached note |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | Yes | |||||||||||||||
| XXXXXX | 4000074802 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | File is missing Tax Certificate for subject | Reviewer Comment (2025-05-27): Tax certificate received Seller Comment (2025-05-27): Comment from [REDACTED]): Please see attached on page[REDACTED] |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000074335 | XXXXXX | XXXXXX | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Missing electronic consent. | Reviewer Comment (2025-05-27): E-Consent provided. Cleared. Seller Comment (2025-05-27): Comment from [REDACTED]: Econsent |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000074335 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Right to Receive Copy of Appraisal disclosure is not within 3 days of [REDACTED] application date. | Reviewer Comment (2025-05-27): Accepted as is per client. Buyer Comment (2025-05-27): Comment from [REDACTED]: ECOA dated[REDACTED] and NOTE date is [REDACTED]. Also grade [REDACTED]. Please waive. |
05/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| XXXXXX | 4000074335 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | HOA Investor concentration [REDACTED]%. Max allowable [REDACTED]%. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $[REDACTED]. 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 [REDACTED] and [REDACTED] The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [REDACTED]points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-27): Client elected to waive/regrade with compensating factors. Lender exception provided. Seller Comment (2025-05-27): Comment from [REDACTED]: exception in the file |
05/27/2025 | 2 | C | B | C | B | C | B | C | B | C | B | PA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||
| XXXXXX | 4000073212 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-05-27): Waived per client request |
05/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| XXXXXX | 4000078079 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-05-30): Received, Clearing. Seller Comment (2025-05-30): Comment from [REDACTED]): CDA |
05/30/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | A | A | A | D | A | N/A | No | |||||||||||||||
| XXXXXX | 4000078355 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-05-28): CDA received and entered, exception cleared Seller Comment (2025-05-28): Comment from [REDACTED]: CDA value [REDACTED]. Appraisal value [REDACTED] |
05/28/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | A | A | A | D | A | N/A | No | |||||||||||||||
| XXXXXX | 4000077994 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | secondary valuation is required for securitization purpose | Reviewer Comment (2025-05-27): Received CDA. Exception Cleared. Seller Comment (2025-05-27): Comment from [REDACTED]: CDA value $[REDACTED]. Appraisal Value [REDACTED] |
05/27/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Refinance - Cash-out - Other | D | A | A | A | D | A | N/A | No | ||||||||||||||
| XXXXXX | 4000076314 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Note Date: ___; Lien Position: ___ | For securitization requirements, a secondary valuation review product is required, which supports original appraised value. There was no UCDP in file. | Reviewer Comment (2025-06-05): CDA received and supports value Seller Comment (2025-06-05): Comment from[REDACTED]: CDA value $[REDACTED] Appraisal value [REDACTED] |
06/05/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Purchase | D | A | A | A | D | A | N/A | No | |||||||||||||
| XXXXXX | 4000078626 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-06-11): Received, Clearing. Seller Comment (2025-06-11): Comment from [REDACTED]): CDA value $[REDACTED]. Appraisal value $[REDACTED] |
06/11/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Purchase | D | A | A | A | D | A | N/A | No | |||||||||||||||
| XXXXXX | 4000078105 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-06-05): Received, Clearing. Seller Comment (2025-06-05): Comment from [REDACTED] CDA value [REDACTED]. Appraisal value [REDACTED] |
06/05/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||
| XXXXXX | 4000078105 | XXXXXX | XXXXXX | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | [REDACTED] states borrower is [REDACTED] however, the rent free LOE in file states that the borrower is living [REDACTED] with his [REDACTED] | Reviewer Comment (2025-06-02): Received, Clearing. Seller Comment (2025-06-02): Comment from [REDACTED]): Letter of explanation uploaded |
06/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Purchase | D | A | C | A | D | A | N/A | No | ||||||||||||||
| XXXXXX | 4000078653 | XXXXXX | XXXXXX | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | The file was missing a copy of the Fraud Report. | Reviewer Comment (2025-05-30): Received Fraud Report. Exception Cleared. Seller Comment (2025-05-30): Comment from[REDACTED]): Fraud report uploaded |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000078653 | XXXXXX | XXXXXX | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | The file was missing a copy of the Fraud Report/OFAC. | Reviewer Comment (2025-05-30): Received Fraud Report. Exception Cleared. Seller Comment (2025-05-30): Comment from [REDACTED]: Participant list and OFAC search uploaded |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| XXXXXX | 4000078628 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | For securitization requirements, a secondary valuation review product is required, which supports original appraised value. There was no UCDP in file. | Reviewer Comment (2025-06-06): Received, Clearing. Seller Comment (2025-06-06): Comment from [REDACTED]): CDA value [REDACTED]. Appraisal value [REDACTED] |
06/06/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Purchase | D | A | A | A | D | A | N/A | No | ||||||||||||||
| XXXXXX | 4000077649 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-06-05): CDA provided. Cleared. Seller Comment (2025-06-05): Comment from[REDACTED]: CDA value $[REDACTED] Appraisal value [REDACTED] |
06/05/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Purchase | D | A | A | A | D | A | N/A | No | ||||||||||||||
| XXXXXX | 4000078658 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Secondary valuation is missing. | Reviewer Comment (2025-06-05): Received, Clearing. Seller Comment (2025-06-05): Comment from[REDACTED]: CDA value $[REDACTED]. Appraisal value $[REDACTED] |
06/05/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Purchase | D | A | A | A | D | A | N/A | No | ||||||||||||||
| XXXXXX | 4000077164 | XXXXXX | XXXXXX | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[REDACTED] exceeds tolerance of $[REDACTED] Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-06-04): Sufficient Cure Provided At Closing |
06/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||||
| XXXXXX | 4000079412 | XXXXXX | XXXXXX | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2025-06-11): Received, Clearing. Seller Comment (2025-06-11): Comment from[REDACTED]: CDA value $[REDACTED] Appraisal value $[REDACTED] |
06/11/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Investment | Purchase | D | A | A | A | D | A | N/A | No |