Exhibit 99.13
| Loan ID | Redaction ID | Investor Loan ID | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Current/Final Loan Grade | Compliance Initial Loan Grade | Compliance Current/Final Loan Grade | Property Initial Loan Grade | Property Current/Final Loan Grade | Queue | Finding Code | Date Created | Date Modified | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Finding Comments | Seller Comments | Resolution Comments | Reviewer Comp Factor | Originator Comp Factors | Finding Documents | Originator QM Status | Final Reviewed QM Status | Loan Amount | Property State | Occupancy | Loan Purpose | Refinance Purpose | Acknowledged / WaivedBy | Waiver in File? | Unique Finding ID |
| XXXX | 424945 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE5778 | 2024-10-19 10:45 | 2024-10-25 17:16 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower 1 Credit Report is Expired | Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-10/25/2024 Ready for Review-Please note that an exception would not be required since Section 6.1 of the quide confirms credit should be dated within 120 days of the Note/Mortgage. We are working in updating the guides to match throughout the document. - Seller-10/23/2024 Counter-Provide an lender exception to allow credit report that is expired. - Due Diligence Vendor-10/23/2024 Ready for Review-Thank you for pointing out a Discrepancy in our guide. Please note we are working in aligning all of the XXXX guides and are aware of the discrepancy in the expiration dates. We ask this condition be waived as the expiration dates will be aligned between both the Alt Guide and DSCR Guide to reflect 120 days. - Seller-10/21/2024 Open-97 days old - Due Diligence Vendor-10/19/2024 |
Ready for Review-Please note that an exception would not be required since Section 6.1 of the quide confirms credit should be dated within 120 days of the Note/Mortgage. We are working in updating the guides to match throughout the document. - Seller-10/23/2024 Ready for Review-Thank you for pointing out a Discrepancy in our guide. Please note we are working in aligning all of the XXXX guides and are aware of the discrepancy in the expiration dates. We ask this condition be waived as the expiration dates will be aligned between both the Alt Guide and DSCR Guide to reflect 120 days. - Seller-10/21/2024 |
Waived-Originator provided a waiver, applied to non material finding with comp factors - Due Diligence Vendor-10/25/2024 |
Qualifying FICO score is at least 20 points above minimum for program - Guidelines state 700 FICO- Borrower has 769 FICO Months Reserves exceed minimum required - 6 mths reserves required- borrower has over 20.52 mths reserves |
769 FICO > 700 minimum required 20.52 months reserves > 6 months minimum required. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | 2639300 | |
| XXXX | 478149 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE8887 | 2024-12-31 09:56 | 2025-01-15 13:18 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-1003 provided with a 15 year address history - Due Diligence Vendor-01/15/2025 Ready for Review-Document Uploaded. - Seller-01/15/2025 Counter-A two history of the primary residence is required to be listed on the application for Securitization purposes. Finding remains. - Due Diligence Vendor-01/03/2025 Ready for Review-Please note that the loan was approved as a XXXX Loan as evidenced by the Lock Confirmation. Therefore a 2 year residence history would not be required as they live outside the XXXX. A 2 year history is required for XXXX, XXXX or a XXXX. - Seller-01/02/2025 Open-Missing 2 year address history on Final 1003 - Due Diligence Vendor-12/31/2024 |
Ready for Review-Document Uploaded. - Seller-01/15/2025 Ready for Review-Please note that the loan was approved as a XXXX Loan as evidenced by the Lock Confirmation. Therefore a 2 year residence history would not be required as they live outside the XXXX. A 2 year history is required for XXXX. - Seller-01/02/2025 |
Resolved-1003 provided with a 15 year address history - Due Diligence Vendor-01/15/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR = 1.005 Months Reserves exceed minimum required - 6 mths reserves- Borrower has 7.19 mos reserves |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3111358 | |
| XXXX | 478149 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1491 | 2024-12-31 10:17 | 2025-01-03 15:27 | Resolved | 1 - Information | C | A | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-DSCR guidelines do not require source of large deposits. - Due Diligence Vendor-01/03/2025 Ready for Review-Please note that this is a DSCR Loan and deposits are not required to be sourced. Therefore, statements for account# XXXX would not be required. - Seller-01/02/2025 Open-Asset Qualification Does Not Meet Guideline Requirements Missing statements for account ending in XXXX to support transfers made to account ending in XXXX - Due Diligence Vendor-12/31/2024 |
Ready for Review-Please note that this is a DSCR Loan and deposits are not required to be sourced. Therefore, statements for account# XXXX would not be required. - Seller-01/02/2025 |
Resolved-DSCR guidelines do not require source of large deposits. - Due Diligence Vendor-01/03/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR = 1.005 Months Reserves exceed minimum required - 6 mths reserves- Borrower has 7.19 mos reserves |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3111691 | ||
| XXXX | 478827 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE8201 | 2025-01-02 10:24 | 2025-01-09 10:46 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan does not conform to program guidelines | Resolved-There is a Gap in our Matrix which accidently list XXXX as not being eligible for financing, The following response was provided with the finding: Findings: Per the matrix, XXXX property is an ineligible state; Please provide an approved exception waiver. Response: Thank you for pointing out a gap between the XXXX matrix and the Investor matrix. The XXXX matrix erroneously lists XXXX as an ineligible state however loans in XXXX are eligible. We are in the process of updating the XXXX alt doc matrix to remove XXXX as an ineligible state. See the enclosed investor matrix which does not list XXXX as an ineligible state. - Due Diligence Vendor-01/09/2025 Counter-Even if the Matrix is not correct, an originator exception is required. - Due Diligence Vendor-01/06/2025 Ready for Review-Document Uploaded. Thank you for pointing out a gap between the XXXX matrix and the Investor matrix. The XXXX matrix erroneously lists XXXX as an ineligible state however loans in XXXX are eligible. We are in the process of updating the XXXX alt doc matrix to remove XXXX as an ineligible state. See the enclosed investor matrix which does not list XXXX as an ineligible state. Please note that the XXXX Guide also does not list XXXX as being Ineligible for financing. - Seller-01/02/2025 Ready for Review-Thank you for pointing out a gap between the XXXX matrix and the Investor matrix. The XXXX matrix erroneously lists XXXX as an ineligible state however loans in XXXX are eligible. We are in the process of updating the XXXX alt doc matrix to remove XXXX as an ineligible state. See the enclosed investor matrix which does not list XXXX as an ineligible state. - Seller-01/02/2025 Open-Per the XXXX XXXX Non QM matrix, XXXX is an ineligible state. - Due Diligence Vendor-01/02/2025 |
Ready for Review-Document Uploaded. Thank you for pointing out a gap between the XXXX matrix and the Investor matrix. The XXXX matrix erroneously lists XXXX as an ineligible state however loans in XXXX are eligible. We are in the process of updating the XXXXXXXX alt doc matrix to remove XXXX as an ineligible state. See the enclosed investor matrix which does not list XXXX as an ineligible state. Please note that the XXXX Guide also does not list XXXX as being Ineligible for financing. - Seller-01/02/2025 Ready for Review-Thank you for pointing out a gap between the XXXX matrix and the Investor matrix. The XXXX matrix erroneously lists NY as an ineligible state however loans in XXXX are eligible. We are in the process of updating the XXXX alt doc matrix to remove XXXX as an ineligible state. See the enclosed investor matrix which does not list XXXX as an ineligible state. - Seller-01/02/2025 |
Resolved-There is a Gap in our Matrix which accidently list XXXX as not being eligible for financing, The following response was provided with the finding: Findings: Per the matrix, XXXX property is an ineligible state; Please provide an approved exception waiver. Response: Thank you for pointing out a gap between the XXXX matrix and the Investor matrix. The XXXX matrix erroneously lists XXXX as an ineligible state however loans in XXXX are eligible. We are in the process of updating the XXXX alt doc matrix to remove XXXX as an ineligible state. See the enclosed investor matrix which does not list XXXX as an ineligible state. - Due Diligence Vendor-01/09/2025 |
Months Reserves exceed minimum required - 3 mths req'd- Borrower has 219.4 mths Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI is 16% |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3120949 | |
| XXXX | 478827 | XXXX | D | B | D | B | A | A | A | A | Closed | FVAL4346 | 2025-01-02 09:53 | 2025-01-02 10:28 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Appraisal is stale dated without recertification in file | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/02/2025 Open-Appraisal transfer was more than 60 days old but within 120 days at closing. - Due Diligence Vendor-01/02/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-01/02/2025 |
Months Reserves exceed minimum required - 3 mths req'd- Borrower has 219.4 mths Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI is 16% |
fico is 137 above minimum dti is more than 5% below max, 7+ years same employment |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3120598 | ||
| XXXX | 484238 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 489092 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1492 | 2025-01-07 15:59 | 2025-07-11 08:23 | Waived | 2 - Non-Material | C | B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Originator exception received for exceeding max cash out with compensating factor listed - Due Diligence Vendor-07/11/2025 Ready for Review-Document Uploaded. - Seller-01/13/2025 Counter-Please provide an approved exception. - Due Diligence Vendor-01/10/2025 Ready for Review-Document Uploaded. Thank you for pointing out a Gap between the XXXX Matrix and Investor Matrix. We are in process of updating our Matrices to line up with the investors which do not limit the amount of Cash out. Please see the attached Investor Matrix and Overlays which do not cap the Cash back amount. - Seller-01/09/2025 Open-Maximum cash out allowed with LTV over 65% is XXXX. Borrower is receiving XXXX. - Due Diligence Vendor-01/07/2025 |
Ready for Review-Document Uploaded. - Seller-01/13/2025 Ready for Review-Document Uploaded. Thank you for pointing out a Gap between the XXXX Matrix and Investor Matrix. We are in process of updating our Matrices to line up with the investors which do not limit the amount of Cash out. Please see the attached Investor Matrix and Overlays which do not cap the Cash back amount. - Seller-01/09/2025 |
Waived-Originator exception received for exceeding max cash out with compensating factor listed - Due Diligence Vendor-07/11/2025 |
Months Reserves exceed minimum required - Req'd reserves 0- Borrower has over 6 mths Qualifying FICO score is at least 20 points above minimum for program - Min FICO 700- Borrower's FICO 758 |
5+ years Verified employment history exceeds guidelines Qualifying DTI 5% below maximum allowed |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3158003 |
| XXXX | 489099 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 490284 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE7011 | 2025-01-09 13:06 | 2025-07-11 08:25 | Waived | 2 - Non-Material | C | B | Credit | Insurance | Rent Loss Coverage is Insufficient or Missing | Waived-Originator exception granted and in file, waiver applied with comp factors. Waiver received: Seeking exception to waive the 6 month rent loss requirement - Due Diligence Vendor-07/11/2025 Ready for Review-Document Uploaded. - Seller-01/14/2025 Open-Rent Loss Coverage is Insufficient or Missing. 6 months rent loss coverage is required. Per Rental Value Coverage, page 350 the fair rental amount is 10% of XXXX = XXXX - Due Diligence Vendor-01/09/2025 |
Ready for Review-Document Uploaded. - Seller-01/14/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. Waiver received: Seeking exception to waive the 6 month rent loss requirement - Due Diligence Vendor-07/11/2025 |
Months Reserves exceed minimum required - Min reserve requirement is 2 months, borrower has 86.42 months LTV is less than guideline maximum - Max LTV is 75%, loan is at 64.86% Qualifying FICO score is at least 20 points above minimum for program - 769 FICO; 700 min required |
Qualifying FICO 20 pts above min LTV is 5% less than guideline maximum |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3173836 |
| XXXX | 490348 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1492 | 2025-01-09 17:19 | 2025-07-11 08:30 | Waived | 2 - Non-Material | C | B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Originator exception granted and in file, waiver applied with comp factors. Exception provided for exceeding max cash out with compensating factor listed - Due Diligence Vendor-07/11/2025 Ready for Review-Document Uploaded. - Seller-01/13/2025 Ready for Review-Document Uploaded. Thank you for pointing out a Gap between the XXXX Matrix and Investor Matrix. We are in process of updating our Matrices to line up with the investors which do not limit the amount of Cash out. Please see the attached Investor Matrix and Overlays which do not cap the Cash back amount. - Seller-01/10/2025 Open-Cash Out Does Not Meet Guideline Requirements Max cash out >65% LTV is XXXX - Due Diligence Vendor-01/09/2025 |
Ready for Review-Document Uploaded. - Seller-01/13/2025 Ready for Review-Document Uploaded. Thank you for pointing out a Gap between the XXXX Matrix and Investor Matrix. We are in process of updating our Matrices to line up with the investors which do not limit the amount of Cash out. Please see the attached Investor Matrix and Overlays which do not cap the Cash back amount. - Seller-01/10/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. Exception provided for exceeding max cash out with compensating factor listed - Due Diligence Vendor-07/11/2025 |
Months Reserves exceed minimum required - Req'd reserves 0- Borrower has over 6 mths Qualifying FICO score is at least 20 points above minimum for program - Min FICO 700- Borrower's FICO 758 |
5+ years verified employment history qualifying DTI 5% below max |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3177022 |
| XXXX | 491238 | XXXX | D | A | D | A | A | A | C | A | Closed | FCRE0043 | 2025-01-10 10:34 | 2025-01-23 14:44 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR Calculation was located. - Due Diligence Vendor-01/13/2025 Open-Guideline requires all members over 25% to sign personal guaranty and security instruments and provide a 1003/credit report. Seeking exception to only allow PG/signing from borrower who is also a member of the LLC without a PG 1003/credit report from the nonborrowing member. - Due Diligence Vendor-01/10/2025 |
Resolved-DSCR Calculation was located. - Due Diligence Vendor-01/13/2025 |
Months Reserves exceed minimum required - 0 mths reserves- 13.53 mths the Brw has Qualifying FICO score is at least 20 points above minimum for program - Min FICO 625, Bwr FICO 683 |
LTV 5% + below maximum. On time mortgage history exceeds 24 +months 24+ month credit history exceeds minimum required |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3181128 | ||
| XXXX | 491238 | XXXX | D | A | D | A | A | A | C | A | Closed | FPRO0011 | 2025-01-10 10:37 | 2025-01-23 14:41 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-PDI provided with free and clear of disaster. - Due Diligence Vendor-01/23/2025 Ready for Review-Document Uploaded. - Seller-01/23/2025 Ready for Review-Inspection provided for wrong address - Due Diligence Vendor-01/23/2025 Ready for Review-Document Uploaded. - Seller-01/23/2025 Open-XXXX. XXXX and continuing. Declaration Date:XXXX. Post Disaster Inspection Required. - Due Diligence Vendor-01/10/2025 |
Ready for Review-Document Uploaded. - Seller-01/23/2025 Ready for Review-Document Uploaded. - Seller-01/23/2025 |
Resolved-PDI provided with free and clear of disaster. - Due Diligence Vendor-01/23/2025 |
Months Reserves exceed minimum required - 0 mths reserves- 13.53 mths the Brw has Qualifying FICO score is at least 20 points above minimum for program - Min FICO 625, Bwr FICO 683 |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3181205 | |
| XXXX | 504875 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 510260 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 512532 | XXXX | D | B | D | B | C | B | A | A | Closed | finding-3634 | 2025-02-04 09:47 | 2025-02-21 08:11 | Cured | 2 - Non-Material | C | B | Compliance | TRID | Charges That Cannot Increase Test | Cured-Received PCCD 2/19/2025, LOE and evidence of delivery. Finding Cured - Due Diligence Vendor-07/11/2025 Ready for Review-Document Uploaded. - Seller-02/19/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). ----Zero (0%) tolerance fees increased by XXXX (Appraisal Fee and Loan Discount Point Fee) without a valid COC in file. Final CD includes XXXX credit for increase in closing cost above legal limit. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXX. Cure on Final CD of XXXX does not cure finding. - Due Diligence Vendor-02/04/2025 |
Ready for Review-Document Uploaded. - Seller-02/19/2025 |
Cured-Received PCCD XXXX, LOE and evidence of delivery. Finding Cured - Due Diligence Vendor-07/11/2025 |
Residual Income =/> 1.5 times XXXX monthly residual income - Excess Residual Inc Avail (9.2k) Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 685 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3344701 | |
| XXXX | 512532 | XXXX | D | B | D | B | C | B | A | A | Closed | FCRE6914 | 2025-02-06 09:25 | 2025-02-11 17:39 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Citizenship Documentation Not Provided | Resolved-Upon further review, the EAD C08 is acceptable , nothing further required. - Due Diligence Vendor-02/11/2025 Ready for Review-Document Uploaded. Please note that per guidelines, A non-Perm's legal status can be verified with one of the following, a valid VISA or EAD card. Please see copy of the borrower's EAD card for review. - Seller-02/07/2025 Open-Missing VISA for Coborrower, per guides on Non Perm Resident this is required - Due Diligence Vendor-02/06/2025 |
Ready for Review-Document Uploaded. Please note that per guidelines, A non-Perm's legal status can be verified with one of the following, a valid VISA or EAD card. Please see copy of the borrower's EAD card for review. - Seller-02/07/2025 |
Resolved-Upon further review, the EAD C08 is acceptable , nothing further required. - Due Diligence Vendor-02/11/2025 |
Residual Income =/> 1.5 times XXXX monthly residual income - Excess Residual Inc Avail (9.2k) Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 685 |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3364113 | |
| XXXX | 512532 | XXXX | D | B | D | B | C | B | A | A | Closed | FCRE1198 | 2025-02-06 10:09 | 2025-02-06 10:23 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/06/2025 Open-Audited Reserves of 2.9 month(s) are less than Guideline Required Reserves of 12 month(s) Lender Exception: "exception to waive escrows, exception fo waive reserves, exception to do 90 LTV in XXXX when max is 85%" - Due Diligence Vendor-02/06/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/06/2025 |
Residual Income =/> 1.5 times XXXX monthly residual income - Excess Residual Inc Avail (9.2k) Qualifying FICO score is at least 20 points above minimum for program - Min FICO 660, Bwr FICO 685 |
24 months clean credit DTI 5% below max Residual Income |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 3364733 | ||
| XXXX | 513691 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 514537 | XXXX | D | B | D | B | A | A | A | A | Closed | FPRO1243 | 2025-02-10 10:02 | 2025-02-10 13:19 | Waived | 2 - Non-Material | D | B | Credit | Eligibility | Second Appraisal is Missing | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/10/2025 Open-Lender exception provided to proceed without a second appraisal. Per lender guidelines any loan amount over XXXX will require 2 full appraisals - Due Diligence Vendor-02/10/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 720- Borrower's FICO 791 Months Reserves exceed minimum required - Min Reserve Requirement 6 months- Borrowers reserves 13.44 months. |
Reserves exceeding minimum requirement by 126 months, 0x30x24, credit score exceeding minimum requirement by 111 points |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3385240 | ||
| XXXX | 517571 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE9501 | 2025-02-11 12:03 | 2025-02-21 13:43 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received an additional Bank Statement. - Due Diligence Vendor-02/21/2025 Ready for Review-Document Uploaded. Please see additional account provided showing the borrower had sufficient funds for closing. Also attached is the updated 1003 and 1008 showing the additional funds available prior to closing. - Seller-02/20/2025 Open-Total Qualified Assets Post-Close amount is 'XXXX'. Assets are Insufficient. Based on final CD, the borrower is short XXXX - Due Diligence Vendor-02/11/2025 |
Ready for Review-Document Uploaded. Please see additional account provided showing the borrower had sufficient funds for closing. Also attached is the updated 1003 and 1008 showing the additional funds available prior to closing. - Seller-02/20/2025 |
Resolved-Received an additional Bank Statement. - Due Diligence Vendor-02/21/2025 |
Qualifying DTI below maximum allowed - Max DTI 50%- Borrower's DTI 41.111% Verified employment history exceeds guidelines - 6 years on current job |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3397883 | |
| XXXX | 518076 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2025-02-12 17:07 | 2025-02-12 17:12 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted and in file, waiver applied with comp factors - Due Diligence Vendor-02/12/2025 Open-Lender exception provided to use new lease to determine DSCR ratio - Due Diligence Vendor-02/12/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors - Due Diligence Vendor-02/12/2025 |
LTV is less than guideline maximum - Max LTV 65%- Borrower's LTV 59.89% Months Reserves exceed minimum required - 0 mths reserves req'd- Brw reserves 5.18 mths |
LTV is 5% less than guidelines maximum 4+ years in primary residence |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | Yes | 3411681 | ||
| XXXX | 518605 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2025-02-12 19:43 | 2025-02-19 16:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-02/19/2025 Ready for Review-Please note that the loan was approved under the Bank Statement program which does not require a 3rd Party VOE. We note that a 3rd Party VOE is only required under the Wage Earner and Self Employed (Full Doc) programs per XXXX Guidelines. We ask this condition please be cleared. - Seller-02/14/2025 Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing VOE - Due Diligence Vendor-02/13/2025 |
Ready for Review-Please note that the loan was approved under the Bank Statement program which does not require a 3rd Party VOE. We note that a 3rd Party VOE is only required under the Wage Earner and Self Employed (Full Doc) programs per XXXX Guidelines. We ask this condition please be cleared. - Seller-02/14/2025 |
Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-02/19/2025 |
Qualifying DTI below maximum allowed - DTI 34% is lower than 50% Qualifying FICO score is at least 20 points above minimum for program - FICO 733 is higher than 620 minimum |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3412513 | ||
| XXXX | 518605 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2025-02-13 07:51 | 2025-02-19 16:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received Tax Preparer Letter. - Due Diligence Vendor-02/19/2025 Ready for Review-Document Uploaded. Please see CPA Letter reflecting ownership percentage - Seller-02/14/2025 Open-Borrower 1 CPA Letter Missing Missing CPA Ltr (Conf own %) - Due Diligence Vendor-02/13/2025 |
Ready for Review-Document Uploaded. Please see CPA Letter reflecting ownership percentage - Seller-02/14/2025 |
Resolved-Received Tax Preparer Letter. - Due Diligence Vendor-02/19/2025 |
Qualifying DTI below maximum allowed - DTI 34% is lower than 50% Qualifying FICO score is at least 20 points above minimum for program - FICO 733 is higher than 620 minimum |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3414174 | |
| XXXX | 519398 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1437 | 2025-02-13 12:03 | 2025-02-18 16:16 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Resolved-Upon further review, employment documentation in the loan file meet guidelines requirements. - Due Diligence Vendor-02/18/2025 Ready for Review-We Kindly disagree with this finding. Although the Business Narrative shows there are cleaning supply expenses, There is no indication that the Personal Statements are being used for business related expenses. Per Guidelines, an expense factor is not required, unless, there is indication the statements are comingled and business related expenses are identified. We ask that this condition please be cleared. - Seller-02/14/2025 Open-Income and Employment Do Not Meet Guidelines Missing expense factor for the borrower's business on the CPA/CTEC letter. (Lender did not use an expense factor in qualification of the income. The borrower's S/E Business Narrative does state borrower has business expenses). Additional conditions may apply - Due Diligence Vendor-02/13/2025 |
Ready for Review-We Kindly disagree with this finding. Although the Business Narrative shows there are cleaning supply expenses, There is no indication that the Personal Statements are being used for business related expenses. Per Guidelines, an expense factor is not required, unless, there is indication the statements are comingled and business related expenses are identified. We ask that this condition please be cleared. - Seller-02/14/2025 |
Resolved-Upon further review, employment documentation in the loan file meet guidelines requirements. - Due Diligence Vendor-02/18/2025 |
Months Reserves exceed minimum required - Reserves required 6 mths- Borrower has 8 mths Qualifying FICO score is at least 20 points above minimum for program - Min FICO 700- Borrower's FICO 785 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3417193 | ||
| XXXX | 519398 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1193 | 2025-02-13 12:40 | 2025-02-18 16:13 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Upon further review, guidelines allow 100% deposit for personal bank account. Audited DTI of 40.67% is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-02/18/2025 Ready for Review-We kindly disagree. Please note that the loan was approved using Personal Bank Statements, which does not require a business expense factor to be used. We note that Business Narrative shows the borrower has business expenses; however, the personal statements used to qualify do not show any indication the personal statements contain any business expenses. WE ask this condition be waived since an expense factor was not required to be factored in. - Seller-02/14/2025 Open-Audited DTI of 81.33% exceeds Guideline DTI of 50% - Due Diligence Vendor-02/13/2025 |
Ready for Review-We kindly disagree. Please note that the loan was approved using Personal Bank Statements, which does not require a business expense factor to be used. We note that Business Narrative shows the borrower has business expenses; however, the personal statements used to qualify do not show any indication the personal statements contain any business expenses. WE ask this condition be waived since an expense factor was not required to be factored in. - Seller-02/14/2025 |
Resolved-Upon further review, guidelines allow 100% deposit for personal bank account. Audited DTI of 40.67% is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-02/18/2025 |
Months Reserves exceed minimum required - Reserves required 6 mths- Borrower has 8 mths Qualifying FICO score is at least 20 points above minimum for program - Min FICO 700- Borrower's FICO 785 |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3417681 | ||
| XXXX | 521579 | XXXX | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2025-02-14 10:55 | 2025-02-20 15:54 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Received confirmation no Business Purpose Affidavit. Occupancy Certification -confirming Investment Property Only (page 569) for rate/term refi is acceptable. - Due Diligence Vendor-02/20/2025 Ready for Review-Please note this loan was not a business purpose loan. Please note that the note and deed are completed in the borrower's individual names. The cash out was for the borrower's and not business related. - Seller-02/18/2025 Open-The Business Purpose Affidavit Disclosure is Missing - Due Diligence Vendor-02/14/2025 |
Ready for Review-Please note this loan was not a business purpose loan. Please note that the note and deed are completed in the borrower's individual names. The cash out was for the borrower's and not business related. - Seller-02/18/2025 |
Resolved-Received confirmation no Business Purpose Affidavit. Occupancy Certification -confirming Investment Property Only (page 569) for rate/term refi is acceptable. - Due Diligence Vendor-02/20/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min Fico is 660, borrowers mid score is 776 LTV is less than guideline maximum - Min LTV is 85%, loan is at 60% |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3425495 | ||
| XXXX | 522118 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1232 | 2025-02-14 10:14 | 2025-02-14 10:23 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Calculated DSCR does not meet the Minimum DSCR allowed | Waived-The Calculated DSCR of '0.791' is less than the minimum DSCR per lender guidelines of '1'. FTHB requires a minimum of 1 DSCR ratio without a 12 month VOR available. Originator exception granted and in file, Waiver applied with comp factors. - Due Diligence Vendor-02/14/2025 Open-The Calculated DSCR of '0.791' is less than the minimum DSCR per lender guidelines of '1'. FTHB requires a minimum of 1 DSCR ratio without a 12 month VOR available. Originator exception granted and in file, Waiver applied with comp factors. - Due Diligence Vendor-02/14/2025 |
Waived-The Calculated DSCR of '0.791' is less than the minimum DSCR per lender guidelines of '1'. FTHB requires a minimum of 1 DSCR ratio without a 12 month VOR available. Originator exception granted and in file, Waiver applied with comp factors. - Due Diligence Vendor-02/14/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 640- Brw FICO 681 LTV is less than guideline maximum - Max LTV 70%- Brw LTV 60% |
LTV is 10% lower than what he can qualify for, reserves 3 months above minimum, Qualifying FICO score is at least 20 points above minimum for program, LTV is 5% less than guideline maximum |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 3425045 | ||
| XXXX | 522602 | XXXX | C | A | C | A | C | A | A | A | Closed | FCRE1506 | 2025-02-14 16:50 | 2025-02-25 15:49 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received income documentation. - Due Diligence Vendor-02/25/2025 Ready for Review-Please clear condition as income/employment finding has been resolved - Seller-02/24/2025 Counter-Received notes 12-24 mos bank statement program is allowed for program however Matrix dated XXXX Requirements only reflect Asset Util/Dep/WVOE/P&L only. (Approval received in file reflects as Full Doc). - Due Diligence Vendor-02/20/2025 Ready for Review-Please note that per the XXXX XXXX guidelines, Bank Statement are allowed for the NonQM Program. The Matrix only addresses overlays specific to the documentation types mentioned; since there are no overlays for the Bank Statement program, it is not mentioned on the Matrix.. - Seller-02/18/2025 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Income finding - Due Diligence Vendor-02/14/2025 |
Ready for Review-Please clear condition as income/employment finding has been resolved - Seller-02/24/2025 Ready for Review-Please note that per the XXXX XXXX guidelines, Bank Statement are allowed for the XXXX Program. The Matrix only addresses overlays specific to the documentation types mentioned; since there are no overlays for the Bank Statement program, it is not mentioned on the Matrix.. - Seller-02/18/2025 |
Resolved-Received income documentation. - Due Diligence Vendor-02/25/2025 |
Qualifying DTI below maximum allowed - Max DTI 50%- Brw's DTI 43.28% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Brw's FICO 746 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3429300 | ||
| XXXX | 522602 | XXXX | C | A | C | A | C | A | A | A | Closed | FCRE1437 | 2025-02-14 09:26 | 2025-02-21 17:16 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Resolved-The Matrix only addresses overlays specific to the documentation types mentioned, the bank statement program is allowed. - Due Diligence Vendor-02/21/2025 Counter-Received notes 12-24 mos bank statement program is allowed for program however Matrix dated XXXX Requirements only reflect Asset Util/Dep/WVOE/P&L only. (Approval received in file reflects as Full Doc). - Due Diligence Vendor-02/20/2025 Ready for Review-Please note that per the XXXX XXXX guidelines, Bank Statement are allowed for the NonQM Program. The Matrix only addresses overlays specific to the documentation types mentioned; since there are no overlays for the Bank Statement program, it is not mentioned on the Matrix.. - Seller-02/18/2025 Open-Income and Employment Do Not Meet Guidelines Based on the 1.21.25 Matrix, does not allow for Bank Statement Program - Due Diligence Vendor-02/14/2025 |
Ready for Review-Please note that per the XXXX XXXX guidelines, Bank Statement are allowed for the XXXX Program. The Matrix only addresses overlays specific to the documentation types mentioned; since there are no overlays for the Bank Statement program, it is not mentioned on the Matrix.. - Seller-02/18/2025 |
Resolved-The Matrix only addresses overlays specific to the documentation types mentioned, the bank statement program is allowed. - Due Diligence Vendor-02/21/2025 |
Qualifying DTI below maximum allowed - Max DTI 50%- Brw's DTI 43.28% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Brw's FICO 746 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3424431 | ||
| XXXX | 522602 | XXXX | C | A | C | A | C | A | A | A | Closed | FCRE1159 | 2025-02-14 09:18 | 2025-02-20 14:52 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Upon further review, the loan file contained all required hazard insurance documentation. HOI effective date is same as disbursement date and reflects as paid on CD. - Due Diligence Vendor-02/20/2025 Ready for Review-Please note subject's closing/signing date was XXXX; however, the Funding & Disbursement date was XXXX; therefore, the HOI effective date of XXXX would deem the HOI Valid at time of funding. - Seller-02/18/2025 Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX Provide proof that the Hazard Insurance was in effect as of the Note Date of XXXX. - Due Diligence Vendor-02/14/2025 |
Ready for Review-Please note subject's closing/signing date was XXXX; however, the Funding & Disbursement date was XXXX; therefore, the HOI effective date of XXXX would deem the HOI Valid at time of funding. - Seller-02/18/2025 |
Resolved-Upon further review, the loan file contained all required hazard insurance documentation. HOI effective date is same as disbursement date and reflects as paid on CD. - Due Diligence Vendor-02/20/2025 |
Qualifying DTI below maximum allowed - Max DTI 50%- Brw's DTI 43.28% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Brw's FICO 746 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3424349 | ||
| XXXX | 522602 | XXXX | C | A | C | A | C | A | A | A | Closed | FCRE0044 | 2025-02-14 09:36 | 2025-02-20 14:38 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-Upon further review, the loan file contained all required credit inquiry documentation. Inquiry reflected in new account reporting on credit. - Due Diligence Vendor-02/20/2025 Ready for Review-The credit reported two inquiries on XXXX. Both inquiries were for the Auto Lease with XXXX Financial opened on XXXX; therefore, a credit inquiry letter is not required. Additionally, the inquiry reported on Data Verify is related to the subject loan and an inquiry letter is also not required. - Seller-02/18/2025 Open-LOX for credit inquiries is missing. Provide the credit inquiry letter. - Due Diligence Vendor-02/14/2025 |
Ready for Review-The credit reported two inquiries on XXXX, XXXX. Both inquiries were for the Auto Lease with XXXX opened on XXXX; therefore, a credit inquiry letter is not required. Additionally, the inquiry reported on Data Verify is related to the subject loan and an inquiry letter is also not required. - Seller-02/18/2025 |
Resolved-Upon further review, the loan file contained all required credit inquiry documentation. Inquiry reflected in new account reporting on credit. - Due Diligence Vendor-02/20/2025 |
Qualifying DTI below maximum allowed - Max DTI 50%- Brw's DTI 43.28% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Brw's FICO 746 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3424547 | ||
| XXXX | 522602 | XXXX | C | A | C | A | C | A | A | A | Closed | finding-3634 | 2025-02-12 17:20 | 2025-02-19 08:33 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved------Received COC XXXX, finding resolved. - Due Diligence Vendor-02/19/2025 Ready for Review-Document Uploaded. Please see attached CD and CIC showing the PDI fee of XXXX disclosed - Seller-02/18/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is XXXX.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). **** Zero (0%) tolerance fees increased by XXXX (Appraisal Fee increased by XXXX and Disaster fee increased XXXX) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of XXXX, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXX [ Appraisal fee of XXXX resolved by lender credit for increase in closing cost above legal limit] - Due Diligence Vendor-02/13/2025 |
Ready for Review-Document Uploaded. Please see attached CD and CIC showing the PDI fee of $55 disclosed - Seller-02/18/2025 |
Resolved------Received COC XXXX, finding resolved. - Due Diligence Vendor-02/19/2025 |
Qualifying DTI below maximum allowed - Max DTI 50%- Brw's DTI 43.28% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680- Brw's FICO 746 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3411801 | |
| XXXX | 523161 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1195 | 2025-02-18 13:24 | 2025-02-21 13:35 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited CLTV Exceeds Guideline CLTV | Resolved-Received the Lease Agreement with first month rent and deposit. Audited LTV of 80% is less than or equal to Guideline CLTV of 80% - Due Diligence Vendor-02/21/2025 Ready for Review-Document Uploaded. Please note per the XXXX DSCR guidelines, section 3.1 "In the event, that the property is not tenant occupied, the purchaser may bring in their own tenant and use the new lease to qualify up to 120% higher than the 1007/1025 market rent. Must document security deposit and first month's rent before loan closing.". The loan file contained the attached new lease agreement and evidence of the deposit of the first month rent and damage deposit. As such the qualifying rent amount of $2100 was used resulting in a DSCR >1. The LTV/CLTV/HCLTV of 80% was in accordance with the max allowed per the matrix. - Seller-02/20/2025 Open-Audited CLTV of 80% exceeds Guideline CLTV of 75% DSCR < 1 : Max 75% LTV - Due Diligence Vendor-02/18/2025 |
Ready for Review-Document Uploaded. Please note per the XXXX DSCR guidelines, section 3.1 "In the event, that the property is not tenant occupied, the purchaser may bring in their own tenant and use the new lease to qualify up to 120% higher than the 1007/1025 market rent. Must document security deposit and first month's rent before loan closing.". The loan file contained the attached new lease agreement and evidence of the deposit of the first month rent and damage deposit. As such the qualifying rent amount of XXXX was used resulting in a DSCR >1. The LTV/CLTV/HCLTV of 80% was in accordance with the max allowed per the matrix. - Seller-02/20/2025 |
Resolved-Received the Lease Agreement with first month rent and deposit. Audited LTV of 80% is less than or equal to Guideline CLTV of 80% - Due Diligence Vendor-02/21/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 720, borrowers mid score is 780 Months Reserves exceed minimum required - Min reserve requirement is 3, borrower has 24.73 documented |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3440383 | |
| XXXX | 523161 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1196 | 2025-02-18 13:24 | 2025-02-21 13:35 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited HCLTV Exceeds Guideline HCLTV | Resolved-Received the Lease Agreement with first month rent and deposit. Audited LTV of 80% is less than or equal to Guideline HLTV of 80% - Due Diligence Vendor-02/21/2025 Ready for Review-Document Uploaded. Please note per the XXXX DSCR guidelines, section 3.1 "In the event, that the property is not tenant occupied, the purchaser may bring in their own tenant and use the new lease to qualify up to 120% higher than the 1007/1025 market rent. Must document security deposit and first month's rent before loan closing.". The loan file contained the attached new lease agreement and evidence of the deposit of the first month rent and damage deposit. As such the qualifying rent amount of XXXX was used resulting in a DSCR >1. The LTV/CLTV/HCLTV of 80% was in accordance with the max allowed per the matrix. - Seller-02/20/2025 Open-Audited HLTV of 80% exceeds Guideline HCLTV of 75% DSCR < 1 : Max 75% LTV - Due Diligence Vendor-02/18/2025 |
Ready for Review-Document Uploaded. Please note per the XXXX DSCR guidelines, section 3.1 "In the event, that the property is not tenant occupied, the purchaser may bring in their own tenant and use the new lease to qualify up to 120% higher than the 1007/1025 market rent. Must document security deposit and first month's rent before loan closing.". The loan file contained the attached new lease agreement and evidence of the deposit of the first month rent and damage deposit. As such the qualifying rent amount of XXXX was used resulting in a DSCR >1. The LTV/CLTV/HCLTV of 80% was in accordance with the max allowed per the matrix. - Seller-02/20/2025 |
Resolved-Received the Lease Agreement with first month rent and deposit. Audited LTV of 80% is less than or equal to Guideline HLTV of 80% - Due Diligence Vendor-02/21/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 720, borrowers mid score is 780 Months Reserves exceed minimum required - Min reserve requirement is 3, borrower has 24.73 documented |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3440384 | |
| XXXX | 523161 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1194 | 2025-02-18 13:24 | 2025-02-21 13:35 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Received the Lease Agreement with first month rent and deposit. Audited LTV of 80% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-02/21/2025 Ready for Review-Document Uploaded. Please note per the XXXX DSCR guidelines, section 3.1 "In the event, that the property is not tenant occupied, the purchaser may bring in their own tenant and use the new lease to qualify up to 120% higher than the 1007/1025 market rent. Must document security deposit and first month's rent before loan closing.". The loan file contained the attached new lease agreement and evidence of the deposit of the first month rent and damage deposit. As such the qualifying rent amount of XXXX was used resulting in a DSCR >1. The LTV/CLTV/HCLTV of 80% was in accordance with the max allowed per the matrix. - Seller-02/20/2025 Open-Audited LTV of 80% exceeds Guideline LTV of 75% DSCR < 1 : Max 75% LTV - Due Diligence Vendor-02/18/2025 |
Ready for Review-Document Uploaded. Please note per the XXXX DSCR guidelines, section 3.1 "In the event, that the property is not tenant occupied, the purchaser may bring in their own tenant and use the new lease to qualify up to 120% higher than the 1007/1025 market rent. Must document security deposit and first month's rent before loan closing.". The loan file contained the attached new lease agreement and evidence of the deposit of the first month rent and damage deposit. As such the qualifying rent amount of XXXX was used resulting in a DSCR >1. The LTV/CLTV/HCLTV of 80% was in accordance with the max allowed per the matrix. - Seller-02/20/2025 |
Resolved-Received the Lease Agreement with first month rent and deposit. Audited LTV of 80% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-02/21/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 720, borrowers mid score is 780 Months Reserves exceed minimum required - Min reserve requirement is 3, borrower has 24.73 documented |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3440385 | |
| XXXX | 523421 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 523475 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 523560 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 524198 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 525056 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE0970 | 2025-02-20 13:51 | 2025-02-20 14:22 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Appraisal has issues (credit) | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/20/2025 Open-Per guides, a transferred appraisal report is acceptable provided the report meets the HEM’s appraisal requirements for independence. Additionally, the appraisal must be ordered through an Appraisal Management Company (AMC) that complies with Appraiser Independence Requirements (AIR). The appraisal in file was transferred from the broker to the lender; however, the transfer letter and AIR Certification were both missing from the loan file. - Due Diligence Vendor-02/20/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-02/20/2025 |
Months Reserves exceed minimum required - 58.34 months of PITIA reserves, 6 months minimum required. Qualifying FICO score is at least 20 points above minimum for program - 778 qualifying FICO score, 680 minimum score required. Qualifying DTI below maximum allowed - 19.89% DTI ratio, 43% maximum allowed. |
DTI ratio less than 43% FICO greater than 10 points above requirement. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 3456073 | ||
| XXXX | 526940 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 527664 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 527665 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXX | 530104 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2025-02-26 11:15 | 2025-03-04 10:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received qualifying proposed PITIA as loan is in progress. - Due Diligence Vendor-03/04/2025 Ready for Review-Document Uploaded. 1. The loan for property for REO 3E of the 1003 - new purchase - La Playa Way has not closed. Technically borrower does not own the property currently. We do not have hoi or tax cert yet, the payment was estimated. Uploaded snippets from that unclosed loan file of the loan information, title, and proposed payment. 2. For XXXX The mortgage statement was in file and shows they escrow the insurance only, uploaded tax bill & mortgage statement. - Seller-03/03/2025 Counter-For clarification: 1. Missing verification of mortgage, taxes, insurance, and/or HOA fees for non-subject property for REO 3E of the 1003 - new purchase-XXXX. HOI for XXXX primary residence - Due Diligence Vendor-02/28/2025 Ready for Review-Document Uploaded. Uploaded XXXX printout confirming no HOA for non-subject property 3E. Please confirm the property address that is missing the HOI - XXXX - Seller-02/27/2025 Open-1. Missing verification of mortgage, taxes, insurance, and/or HOA fees for non-subject property for REO 3E of the 1003 - new purchase 2. Missing HOI for primary home - Due Diligence Vendor-02/26/2025 |
Ready for Review-Document Uploaded. 1. The loan for property for REO XXXX of the 1003 - new purchase - XXXX has not closed. Technically borrower does not own the property currently. We do not have hoi or tax cert yet, the payment was estimated. Uploaded snippets from that unclosed loan file of the loan information, title, and proposed payment. 2. For XXXX The mortgage statement was in file and shows they escrow the insurance only, uploaded tax bill & mortgage statement. - Seller-03/03/2025 Ready for Review-Document Uploaded. Uploaded Zillow printout confirming no HOA for non-subject property XXXX. Please confirm the property address that is missing the HOI - XXXX - Seller-02/27/2025 |
Resolved-Received qualifying proposed PITIA as loan is in progress. - Due Diligence Vendor-03/04/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO 756 is 20+ points above 720 minimum Months Reserves exceed minimum required - 32 months reserves exceed 12 month minimum required |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3484624 | |
| XXXX | 531125 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2025-02-26 14:12 | 2025-03-04 14:35 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Guidelines allow the operating agreement as proof of at least 25% ownership. - Due Diligence Vendor-03/04/2025 Counter-Received letter and LLC Agreement-missing acceptable 3rd party verification. - Due Diligence Vendor-03/03/2025 Ready for Review-Document Uploaded. These were included in original upload - Seller-02/28/2025 Open-Borrower 1 CPA Letter Missing Provide the CPA letter only a the LLC Operating agreement with ownership percentage - Due Diligence Vendor-02/26/2025 |
Ready for Review-Document Uploaded. These were included in original upload - Seller-02/28/2025 |
Resolved-Guidelines allow the operating agreement as proof of at least 25% ownership. - Due Diligence Vendor-03/04/2025 |
Months Reserves exceed minimum required - 13.25 months reserves exceed required 6 by 7.25 months. LTV is less than guideline maximum - LTV 85% is lower than maximum 90% |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3486854 | |
| XXXX | 532440 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE0008 | 2025-02-28 10:58 | 2025-03-03 13:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Prepayment Penalty Discrepancy | Resolved-Per XXXX PPP listed as NA is not an issue. - Due Diligence Vendor-02/28/2025 Open-Note shows 5 year PPP, tape snows PPP as N/A - Due Diligence Vendor-02/28/2025 |
Resolved-Per XXX PPP listed as NA is not an issue. - Due Diligence Vendor-02/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 769 and minimum allowed is 700 Months Reserves exceed minimum required - Reserves =23 months and minimum required is 6 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3501883 | |||
| XXXX | 532443 | XXXX | B | B | A | A | B | B | A | A | Closed | FCOM5135 | 2025-02-27 10:29 | 2025-02-27 10:29 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/27/2025 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/27/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 745 and minimum allowed is 680. Qualifying DTI below maximum allowed - DTI is 29.16% and max allowed is 50% |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 3492131 | |||
| XXXX | 533777 | XXXX | D | A | D | A | A | A | C | A | Closed | FCRE0700 | 2025-02-28 09:51 | 2025-03-07 10:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Closing Detail Statement Document is Missing | Resolved-Received final settlement statement. - Due Diligence Vendor-03/07/2025 Ready for Review-Document Uploaded. - Seller-03/05/2025 Counter-Received duplicate Master Estimated Settlement Statement-please provide final settlement statement or CD. - Due Diligence Vendor-03/04/2025 Ready for Review-Document Uploaded. - Seller-03/03/2025 Open-Closing Detail Statement Document is Missing and subject property is an Investment property. MISSING FINAL CD - Due Diligence Vendor-03/03/2025 |
Ready for Review-Document Uploaded. - Seller-03/05/2025 Ready for Review-Document Uploaded. - Seller-03/03/2025 |
Resolved-Received final settlement statement. - Due Diligence Vendor-03/07/2025 |
Months Reserves exceed minimum required - 18.73 months PITIA reserves; 6 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 793; minimum score 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3500957 | |
| XXXX | 533777 | XXXX | D | A | D | A | A | A | C | A | Closed | FPRO0012 | 2025-03-03 09:14 | 2025-03-07 10:00 | Resolved | 1 - Information | B | A | Property | Property | FEMA disaster declared PUBLIC ONLY | Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/07/2025 Ready for Review-Document Uploaded. - Seller-03/06/2025 XXXX XXXX XXXX Incident Period: XXXX. - Due Diligence Vendor-03/03/2025 |
Ready for Review-Document Uploaded. - Seller-03/06/2025 |
Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/07/2025 |
Months Reserves exceed minimum required - 18.73 months PITIA reserves; 6 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 793; minimum score 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3511333 | |
| XXXX | 533777 | XXXX | D | A | D | A | A | A | C | A | Closed | FPRO0011 | 2025-03-03 09:14 | 2025-03-07 10:00 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/07/2025 Ready for Review-Document Uploaded. - Seller-03/06/2025 Counter-Received note PDI to be ordered. - Due Diligence Vendor-03/04/2025 Ready for Review-Hello will you be ordering the PDI for this file thank you :) - Seller-03/03/2025 Open-XXXX XXXX XXXX Incident Period: XXXX. - Due Diligence Vendor-03/03/2025 |
Ready for Review-Document Uploaded. - Seller-03/06/2025 Ready for Review-Hello will you be ordering the PDI for this file thank you :) - Seller-03/03/2025 |
Resolved-Received PDI with an inspection date of XXXX. No damage. - Due Diligence Vendor-03/07/2025 |
Months Reserves exceed minimum required - 18.73 months PITIA reserves; 6 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 793; minimum score 700. |
XXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | N/A | N/A | 3511326 | |
| XXXX | 533779 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1437 | 2025-03-03 10:33 | 2025-03-03 12:54 | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/03/2025 Open-Income and Employment Do Not Meet Guidelines Client provided an Exception to allow full proposed rental income , applied to non material finding with reviewed comp factors - Due Diligence Vendor-03/03/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/03/2025 |
LTV is less than guideline maximum - LTV is 75% and max allowed is 85% Qualifying FICO score is at least 20 points above minimum for program - Score is 789 and minimum required is 660. |
-LTV is 75% and max allowed is 85% -Score is 789 and minimum required is 680. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 3512273 | ||
| XXXX | 533779 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2025-03-03 11:03 | 2025-03-03 12:53 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/03/2025 Open-Client provided an Exception for FTHB purchasing an investment property (not allowed on the plus program,only primary residence) , applied to non material finding with comp factors. - Due Diligence Vendor-03/03/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/03/2025 |
LTV is less than guideline maximum - LTV is 75% and max allowed is 85% Qualifying FICO score is at least 20 points above minimum for program - Score is 789 and minimum required is 660. |
-LTV is 75% and max allowed is 85% -Score is 789 and minimum required is 680. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 3512631 | ||
| XXXX | 533779 | XXXX | C | B | C | B | A | A | A | A | Closed | FCRE1198 | 2025-03-03 12:49 | 2025-03-03 12:53 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/03/2025 Open-Lender Exception on file in regards to the HOA Reserves not meeting XXXX 10% requirement - Due Diligence Vendor-03/03/2025 |
Waived-Originator exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-03/03/2025 |
LTV is less than guideline maximum - LTV is 75% and max allowed is 85% Qualifying FICO score is at least 20 points above minimum for program - Score is 789 and minimum required is 660. |
FICO | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 3514161 | ||
| XXXX | 533780 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 533781 | XXXX | C | B | C | B | B | B | A | A | Closed | FCRE1198 | 2025-03-03 11:18 | 2025-07-11 08:47 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-Originator provided a waiver for reduced reserves, applied to non material finding with comp factors. - Due Diligence Vendor-07/11/2025 Ready for Review-Document Uploaded. Exception uploaded - Seller-03/07/2025 Open-Audited Reserves of 3.42 month(s) are less than Guideline Required Reserves of 6 month(s) Borrower short reserves. - Due Diligence Vendor-03/03/2025 |
Ready for Review-Document Uploaded. Exception uploaded - Seller-03/07/2025 |
Waived-Originator provided a waiver for reduced reserves, applied to non material finding with comp factors. - Due Diligence Vendor-07/11/2025 |
Verified employment history exceeds guidelines - Employment over 2 years 4 months. per guides requires 2 years employment history. Qualifying DTI below maximum allowed - DTI 24.08%; max DTI 45%. |
DTI more than 10 points below maximum, Fico 10 points > than required minimum; 24 months bank statements to support qualifying income. | XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 3512749 |
| XXXX | 533781 | XXXX | C | B | C | B | B | B | A | A | Closed | FCRE1440 | 2025-03-03 11:00 | 2025-03-05 13:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Confirmed check on XXXX statement for XXXX is rent. - Due Diligence Vendor-03/05/2025 Counter-Received duplicate credit supplement reflecting only 11 months-covering XXXX. Provide complete 12 month VOR. - Due Diligence Vendor-03/05/2025 Ready for Review-Document Uploaded. Already included in original upload. Credit supplement included 11 months, however complete XXXX statements were also provided. Covering the complete 12 months. - Seller-03/04/2025 Open-Housing History Does Not Meet Guideline Requirements Missing VOR for previous address. the VOR provided only covers 11 months. - Due Diligence Vendor-03/03/2025 |
Ready for Review-Document Uploaded. Already included in original upload. Credit supplement included 11 months, however complete XXXX and XXXX statements were also provided. Covering the complete 12 months. - Seller-03/04/2025 |
Resolved-Confirmed check on XXXX statement for XXXX is rent. - Due Diligence Vendor-03/05/2025 |
Verified employment history exceeds guidelines - Employment over 2 years 4 months. per guides requires 2 years employment history. Qualifying DTI below maximum allowed - DTI 24.08%; max DTI 45%. |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3512604 | |
| XXXX | 533781 | XXXX | C | B | C | B | B | B | A | A | Closed | FCOM5135 | 2025-02-28 09:30 | 2025-02-28 10:00 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/28/2025 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/28/2025 |
Verified employment history exceeds guidelines - Employment over 2 years 4 months. per guides requires 2 years employment history. Qualifying DTI below maximum allowed - DTI 24.08%; max DTI 45%. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 3500756 | |||
| XXXX | 533781 | XXXX | C | B | C | B | B | B | A | A | Closed | FCOM1301 | 2025-02-28 09:30 | 2025-02-28 09:59 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Home Loan Toolkit is Missing | Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/28/2025 | Waived-The Home Loan Toolkit disclosure is missing. Originator waiver applied to non-material Findings. - Due Diligence Vendor-02/28/2025 |
Verified employment history exceeds guidelines - Employment over 2 years 4 months. per guides requires 2 years employment history. Qualifying DTI below maximum allowed - DTI 24.08%; max DTI 45%. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 3500755 | |||
| XXXX | 535474 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 536648 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 536649 | XXXX | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 537967 | XXXX | C | B | C | A | B | B | A | A | Closed | FCRE1198 | 2025-03-06 14:27 | 2025-03-18 10:55 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Client provided VOD, bank receipts and Proof of wire. Updated system to reflect- condition is resolved - Due Diligence Vendor-03/18/2025 Ready for Review-Document Uploaded. updated 1003, 1008 & VOD uploaded - Seller-03/14/2025 Counter-Statement in file is from XXXX. Bank Statement in file is from XXXX. Finding remains. - Due Diligence Vendor-03/11/2025 Ready for Review-Document Uploaded. 6 months Reserves XXXX, bank statement from XXXX already included in original upload. Reuploaded - Seller-03/10/2025 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 6 month(s) Missing current bank statement. Bank statement provided is from XXXX - Due Diligence Vendor-03/07/2025 |
Ready for Review-Document Uploaded. updated 1003, 1008 & VOD uploaded - Seller-03/14/2025 Ready for Review-Document Uploaded. 6 months Reserves XXXX, bank statement from January already included in original upload. Reuploaded - Seller-03/10/2025 |
Resolved-Client provided VOD, bank receipts and Proof of wire. Updated system to reflect- condition is resolved - Due Diligence Vendor-03/18/2025 |
Qualifying DTI below maximum allowed - 38.16% DTI is below maximum of 50% Verified employment history exceeds guidelines - Long time employment of 15 years |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3548205 | |
| XXXX | 537967 | XXXX | C | B | C | A | B | B | A | A | Closed | FCRE1199 | 2025-03-07 14:01 | 2025-03-18 10:54 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Loan Amount is greater than Guideline Maximum Loan Amount | Resolved-Received Post Closing Settlement Statement. R/T. - Due Diligence Vendor-03/12/2025 Ready for Review-Document Uploaded. Final SS & PCCD uploaded. Only delinquent taxes cannot be paid with proceeds, the delinquent amount is XXXX, the other amount of XXXX is due and delinquent in April. Borrower brought in too much funds and ok to get back. - Seller-03/11/2025 Ready for Review-Document Uploaded. Borrower brought in XXXX of own funds for delinquent taxes - Seller-03/10/2025 Open-Audited Loan Amount is greater than the Guideline Maximum Loan Amount of XXXX. Borrower came to closing with less money than what was required to payoff taxes. Therefore, some of the loan proceeds were used to payoff taxes, making this transaction a cash-out refinance. Max loan amount for a cash-out with current credit score is XXXX. No exception found in the file - Due Diligence Vendor-03/07/2025 |
Ready for Review-Document Uploaded. Final SS & PCCD uploaded. Only delinquent taxes cannot be paid with proceeds, the delinquent amount is XXXX, the other amount of XXXX is due and delinquent in April. Borrower brought in too much funds and ok to get back. - Seller-03/11/2025 Ready for Review-Document Uploaded. Borrower brought in XXXX of own funds for delinquent taxes - Seller-03/10/2025 |
Resolved-Received Post Closing Settlement Statement. R/T. - Due Diligence Vendor-03/12/2025 |
Qualifying DTI below maximum allowed - 38.16% DTI is below maximum of 50% Verified employment history exceeds guidelines - Long time employment of 15 years |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3558476 | |
| XXXX | 537967 | XXXX | C | B | C | A | B | B | A | A | Closed | FCRE9501 | 2025-03-06 14:20 | 2025-03-18 10:53 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Total Qualified Assets Post-Close are greater than XXXX. - Due Diligence Vendor-03/18/2025 Ready for Review-Document Uploaded. updated 1003, 1008 & VOD uploaded - Seller-03/14/2025 Counter-Statement in file is from XXXX. Bank Statement in file is from XXXX. Finding remains. - Due Diligence Vendor-03/11/2025 Ready for Review-Document Uploaded. Bank statement included in original upload, reuploaded - Seller-03/10/2025 Open-Total Qualified Assets Post-Close amount is '$XXXX'. Assets are Insufficient. Missing current bank statement. Bank statement provided is from XXXX - Due Diligence Vendor-03/07/2025 |
Ready for Review-Document Uploaded. updated 1003, 1008 & VOD uploaded - Seller-03/14/2025 Ready for Review-Document Uploaded. Bank statement included in original upload, reuploaded - Seller-03/10/2025 |
Resolved-Total Qualified Assets Post-Close are greater than $0. - Due Diligence Vendor-03/18/2025 |
Qualifying DTI below maximum allowed - 38.16% DTI is below maximum of 50% Verified employment history exceeds guidelines - Long time employment of 15 years |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3548102 | |
| XXXX | 537967 | XXXX | C | B | C | A | B | B | A | A | Closed | FCOM5135 | 2025-03-05 11:33 | 2025-03-05 11:33 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/05/2025 | Waived-Required Affiliated Business Disclosure Missing -----Originator waiver applied to non-material Findings. - Due Diligence Vendor-03/05/2025 |
Qualifying DTI below maximum allowed - 38.16% DTI is below maximum of 50% Verified employment history exceeds guidelines - Long time employment of 15 years |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | Yes | 3533121 | |||
| XXXX | 537972 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE8201 | 2025-03-10 09:08 | 2025-04-11 09:30 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator waiver applied to non material finding with compensating factors - Due Diligence Vendor-04/11/2025 Ready for Review-Document Uploaded. Uploaded signed corrected note, signed as individual. Please clear - Seller-04/09/2025 Counter-We can waive this finding, however it will remain a C Grade as the Note is not signed as an individual. - Due Diligence Vendor-03/17/2025 Ready for Review-XXXX accepts the B Grade, please waive. - Seller-03/13/2025 Counter-Received exception to close in vested entity/primary residence. *New for exception * --Note must be signed as individual. - Due Diligence Vendor-03/13/2025 Ready for Review-Document Uploaded. Uploaded PC Exception approval form - Seller-03/12/2025 Counter-1.3.6.2 states Investment transactions only, and subject is a Primary Residence. Finding Remains. - Due Diligence Vendor-03/11/2025 Ready for Review-Per guidelines section 1.3.6.2, vesting in an LLC/entity is allowed for XXXX loans. "Loans vested in an entity are eligible under the following programs: XXXX, XXXX, XXXX, XXXX, XXXX, XXXX" - Please clear. - Seller-03/10/2025 Open-Primary home vested in LLC not allowed by guidelines for consumer purpose loans. - Due Diligence Vendor-03/10/2025 |
Ready for Review-Document Uploaded. Uploaded signed corrected note, signed as individual. Please clear - Seller-04/09/2025 Ready for Review-XXXX accepts the B Grade, please waive. - Seller-03/13/2025 Ready for Review-Document Uploaded. Uploaded PC Exception approval form - Seller-03/12/2025 Ready for Review-Per guidelines section 1.3.6.2, vesting in an LLC/entity is allowed for NON-QHEM Plus loans. "Loans vested in an entity are eligible under the following programs: XXXX" - Please clear. - Seller-03/10/2025 |
Waived-Originator waiver applied to non material finding with compensating factors - Due Diligence Vendor-04/11/2025 |
Months Reserves exceed minimum required - 27 months reserves exceed 6 month minimum Verified employment history exceeds guidelines - Verified employment for 9 years |
Credit score is > 10 points above minimum for tier long term self-employment. 741 fico score 20 months of reserves. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3567780 |
| XXXX | 537972 | XXXX | D | B | D | B | A | A | A | A | Closed | FCRE3653 | 2025-03-07 13:42 | 2025-03-13 12:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing letter of explanation | Resolved-Received supporting documentation regarding REO multiple address. - Due Diligence Vendor-03/13/2025 Ready for Review-Document Uploaded. Uploaded property profile reflecting property is a XXXX unit multifamily residence. XXXX. Please clear. - Seller-03/13/2025 Counter-Final 1003 reflects address for XXXX-LOE clarification required or supporting documentation confirming address. - Due Diligence Vendor-03/13/2025 Ready for Review-Per our underwriter, the property is located on a XXXX lot so it is only one property. Not two. - Seller-03/11/2025 Open-Missing explanation/documentation for property XXXX, is this the same property? - Due Diligence Vendor-03/07/2025 |
Ready for Review-Document Uploaded. Uploaded property profile reflecting property is a XXXX unit multifamily residence. XXXX. Please clear. - Seller-03/13/2025 Ready for Review-Per our underwriter, the property is located on a XXXX lot so it is only one property. Not two. - Seller-03/11/2025 |
Resolved-Received supporting documentation regarding REO multiple address. - Due Diligence Vendor-03/13/2025 |
Months Reserves exceed minimum required - 27 months reserves exceed 6 month minimum Verified employment history exceeds guidelines - Verified employment for 9 years |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3558167 | |
| XXXX | 538996 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1152 | 2025-03-11 08:52 | 2025-03-25 11:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Received lenders property tax calculation. - Due Diligence Vendor-03/25/2025 Ready for Review-Document Uploaded. Uploaded 1008 with UW comments regarding tax calculation - Seller-03/21/2025 Counter-Current taxes for XXXX provided, however we are missing the tax calculation used for qualification. - Due Diligence Vendor-03/17/2025 Ready for Review-Document Uploaded. Tax cert was provided in original loan file submission package, see page 406. Uploaded again as well. - Seller-03/14/2025 Counter-Received revised 1003 and 1008 using current taxes, however subject is a purchase transaction. Please provide documentation to support the tax calculation. - Due Diligence Vendor-03/14/2025 Ready for Review-Document Uploaded. - Seller-03/13/2025 Open-Missing Evidence of Property Tax to match taxes per Final 1003 - Due Diligence Vendor-03/11/2025 |
Ready for Review-Document Uploaded. Uploaded 1008 with UW comments regarding tax calculation - Seller-03/21/2025 Ready for Review-Document Uploaded. Tax cert was provided in original loan file submission package, see page 406. Uploaded again as well. - Seller-03/14/2025 Ready for Review-Document Uploaded. - Seller-03/13/2025 |
Resolved-Received lenders property tax calculation. - Due Diligence Vendor-03/25/2025 |
LTV is less than guideline maximum - 80% LTV is less than 85% guideline maximum Qualifying FICO score is at least 20 points above minimum for program - 812 FICO score is 20+ points above 660 minimum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3579203 | |
| XXXX | 538996 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1206 | 2025-03-10 09:21 | 2025-03-12 11:30 | Resolved | 1 - Information | C | A | Credit | Eligibility | All Interested Parties Not Checked with Exclusionary Lists | Resolved-Received Fraud report with cleared alerts for the Borrower and Closer. - Due Diligence Vendor-03/12/2025 Ready for Review-Document Uploaded. Please see page 1 of uploaded XXXX report (highlighted Participant Detail Report section) - Underwriter cleared XXXX hit for Borrower XXXX. Please clear - Seller-03/11/2025 Open-All Interested Parties Not Checked with Exclusionary Lists Missing XXXX for borrower and closer - Due Diligence Vendor-03/10/2025 |
Ready for Review-Document Uploaded. Please see page 1 of uploaded XXXX report (highlighted Participant Detail Report section) - Underwriter cleared XXXX hit for Borrower XXXX. Please clear - Seller-03/11/2025 |
Resolved-Received Fraud report with cleared alerts for the Borrower and Closer. - Due Diligence Vendor-03/12/2025 |
LTV is less than guideline maximum - 80% LTV is less than 85% guideline maximum Qualifying FICO score is at least 20 points above minimum for program - 812 FICO score is 20+ points above 660 minimum |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3567923 | |
| XXXX | 538998 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE6696 | 2025-03-10 14:27 | 2025-03-18 12:15 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Employment Self-Employed Less Than 2 Years at Origination | Resolved-Upon further review, the CPA verified 2 year minimum self employment requirement has been met. - Due Diligence Vendor-03/18/2025 Ready for Review-Document Uploaded. Attached the cpa letter stating borrower has been self – employed for 2 years - Seller-03/14/2025 Counter-Please provide the approved exception for < 2 years in business. - Due Diligence Vendor-03/13/2025 Ready for Review-The document is a P&L which is what we would use and the bank statements follow it. - Seller-03/11/2025 Open-1008 comments reference an exception, but no exception was found - Due Diligence Vendor-03/10/2025 |
Ready for Review-Document Uploaded. Attached the cpa letter stating borrower has been self – employed for 2 years - Seller-03/14/2025 Ready for Review-The document is a P&L which is what we would use and the bank statements follow it. - Seller-03/11/2025 |
Resolved-Upon further review, the CPA verified 2 year minimum self employment requirement has been met. - Due Diligence Vendor-03/18/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 751 qualifying FICO score, 700 minimum score required. Months Reserves exceed minimum required - Borrower has 104.86 months of verified PITIA reserves, prior to any cashout proceeds from the subject transaction, 6 months minimum reserves required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3572810 | |
| XXXX | 538998 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE7806 | 2025-03-10 15:01 | 2025-03-18 12:12 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Bank Statement Summary/Lender Worksheet is Missing | Resolved-The Borrower 1 Bank Statement Summary/Lender Worksheet is Present or Not Required - Due Diligence Vendor-03/18/2025 Ready for Review-Document Uploaded. Uploaded income worksheet. - Seller-03/14/2025 Counter-Please provide the UW income calculation. - Due Diligence Vendor-03/13/2025 Ready for Review-Document Uploaded. The document is a P&L which is what we would use and the bank statements follow it. - Seller-03/11/2025 Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing - Due Diligence Vendor-03/10/2025 |
Ready for Review-Document Uploaded. Uploaded income worksheet. - Seller-03/14/2025 Ready for Review-Document Uploaded. The document is a P&L which is what we would use and the bank statements follow it. - Seller-03/11/2025 |
Resolved-The Borrower 1 Bank Statement Summary/Lender Worksheet is Present or Not Required - Due Diligence Vendor-03/18/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 751 qualifying FICO score, 700 minimum score required. Months Reserves exceed minimum required - Borrower has 104.86 months of verified PITIA reserves, prior to any cashout proceeds from the subject transaction, 6 months minimum reserves required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3573336 | |
| XXXX | 538998 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1317 | 2025-03-10 15:09 | 2025-03-18 12:12 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Borrower 1 Total Years Employment Verified is Less Than 24 Months | Resolved-Received revised 1003. - Due Diligence Vendor-03/18/2025 Ready for Review-Document Uploaded. Uploaded updated 1003. - Seller-03/14/2025 Counter-Please provide an updated 1003 disclosing a minimum of 2 years employment history. - Due Diligence Vendor-03/13/2025 Ready for Review-The document is a P&L which is what we would use and the bank statements follow it. - Seller-03/11/2025 Open-1003 does not show a full 2 year employment history - Due Diligence Vendor-03/10/2025 |
Ready for Review-Document Uploaded. Uploaded updated 1003. - Seller-03/14/2025 Ready for Review-The document is a P&L which is what we would use and the bank statements follow it. - Seller-03/11/2025 |
Resolved-Received revised 1003. - Due Diligence Vendor-03/18/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 751 qualifying FICO score, 700 minimum score required. Months Reserves exceed minimum required - Borrower has 104.86 months of verified PITIA reserves, prior to any cashout proceeds from the subject transaction, 6 months minimum reserves required. |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3573488 | |
| XXXX | 540549 | XXXX | B | B | A | A | A | A | B | B | Closed | FVAL9739 | 2025-03-10 11:12 | 2025-03-11 14:01 | Waived | 2 - Non-Material | B | B | Property | Appraisal | Property/Appraisal General | Waived-Exception to use XXXX in lieu of 1007. Loan exception request/approval on file. Originator Waiver applied with comp factors. Deemed non-material. - Due Diligence Vendor-03/11/2025 Open-Exception to use XXXX in lieu of 1007 Loan exception request/approval on file. - Due Diligence Vendor-03/10/2025 |
Waived-Exception to use XXXX in lieu of 1007. Loan exception request/approval on file. Originator Waiver applied with comp factors. Deemed non-material. - Due Diligence Vendor-03/11/2025 |
Months Reserves exceed minimum required - 14 months reserves exceed 0 minimum required Additional assets not used to qualify - Additional asset of $414661 not used to qualify |
Post closing reserves > 12 months Experienced Investor |
ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | Originator Post-Close | N/A | 3569512 | ||
| XXXX | 540550 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2025-03-10 13:32 | 2025-03-14 11:26 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-Received CPA Letter. - Due Diligence Vendor-03/14/2025 Ready for Review-Document Uploaded. - Seller-03/12/2025 Open-Borrower 1 CPA Letter Missing File contains CPA verification from account manager that confirms CPA has verified 2 years of self employment and 100% ownership of business. Guidelines also require the following: The preparer must attest they have reviewed or prepared all of the borrower’s financials, including the tax returns, for the period of the P&L. - Due Diligence Vendor-03/10/2025 |
Ready for Review-Document Uploaded. - Seller-03/12/2025 |
Resolved-Received CPA Letter. - Due Diligence Vendor-03/14/2025 |
LTV is less than guideline maximum - 73.14% LTV is less than 80% guideline maximum Qualifying DTI below maximum allowed - 28.83% DTI is below 50% maximum allowed |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3571983 | |
| XXXX | 543944 | XXXX | D | A | D | A | A | A | A | A | Closed | FCRE8887 | 2025-03-12 10:47 | 2025-03-14 11:35 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-Received revised Final 1003. - Due Diligence Vendor-03/14/2025 Ready for Review-Document Uploaded. Uploaded revised Final 1003 reflecting b2 start date of employment - Seller-03/13/2025 Counter-Please provide corrected final 1003 reflecting Start Date of employment. - Due Diligence Vendor-03/13/2025 Ready for Review-Per CPA letter & VVOE in file, borrower 2 is self employed & 100% owner of XXXX since XXXX. "Check if you are the Business Owner or Self-Employed" section is also checked on Final 1003. Please clear. - Seller-03/12/2025 Open-Missing dates of employment for B2 - Due Diligence Vendor-03/12/2025 |
Ready for Review-Document Uploaded. Uploaded revised Final 1003 reflecting b2 start date of employment - Seller-03/13/2025 Ready for Review-Per CPA letter & VVOE in file, borrower 2 is self employed & 100% owner of XXXX since XXXX. "Check if you are the Business Owner or Self-Employed" section is also checked on Final 1003. Please clear. - Seller-03/12/2025 |
Resolved-Received revised Final 1003. - Due Diligence Vendor-03/14/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 799 > 700 min Qualifying DTI below maximum allowed - 22.62% DTI is below 43% maximum allowed |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3591144 | |
| XXXX | 543946 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 544928 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 547206 | XXXX | C | A | A | A | C | A | A | A | Closed | finding-3526 | 2025-03-13 16:00 | 2025-03-21 09:56 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Loan Estimate Delivery Date Test (prior to consummation) | Resolved-Rec'd proof of borrower's acknowledgment of LEs issued XXXX. Finding Resolved. - Due Diligence Vendor-03/21/2025 Ready for Review-Document Uploaded. Uploaded proof of receipt of XXXX LE & wet signed XXXX LE. - Seller-03/20/2025 Open-This loan failed the revised loan estimate delivery date test (prior to consummation) due to one of the following findings: ( 12 CFR §1026.19(e)(4)(ii) )The revised loan estimate delivery date is provided and the revised loan estimate method of delivery is marked as either:"USPS First Class Mail" or "Electronic Delivery" or blank, and the revised loan estimate delivery date is less than seven business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised loan estimate delivery date is less than four business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised loan estimate receipt date is provided and the revised loan estimate receipt date is less than four business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised loan estimate delivery date is on or after the initial closing disclosure delivery date.The creditor shall not provide a revised version of the disclosures required under §1026.19(e)(1)(i) on or after the date on which the creditor provides the disclosures required under §1026.19(f)(1)(i). The consumer must receive a revised version of the disclosures required under §1026.19(e)(1)(i) not later than four business days prior to consummation. If the revised version of the disclosures required §1026.19(e)(1)(i) is not provided to the consumer in person, the consumer is considered to have received such version three business days after the creditor delivers or places such version in the mail. ---- XXXX are not signed and there is no disclosure tracking in file to confirm when borrower received them. Please provide proof of delivery. - Due Diligence Vendor-03/13/2025 |
Ready for Review-Document Uploaded. Uploaded proof of receipt of XXXX. - Seller-03/20/2025 |
Resolved-Rec'd proof of borrower's acknowledgment of LEs issued XXXX. Finding Resolved. - Due Diligence Vendor-03/21/2025 |
Months Reserves exceed minimum required - 14 month reserves exceed 6 month minimum required LTV is less than guideline maximum - 80% LTV is less than 90% guideline maximum |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3607384 | |
| XXXX | 552706 | XXXX | C | A | C | A | A | A | A | A | Closed | FCRE1159 | 2025-03-21 11:27 | 2025-03-25 10:23 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Received previous HOI policy. - Due Diligence Vendor-03/25/2025 Ready for Review-Document Uploaded. Uploaded previous HOI. - Seller-03/24/2025 Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX Funded XXXX - Due Diligence Vendor-03/21/2025 |
Ready for Review-Document Uploaded. Uploaded previous HOI. - Seller-03/24/2025 |
Resolved-Received previous HOI policy. - Due Diligence Vendor-03/25/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 648 > 620 min Months Reserves exceed minimum required - 7 months > 3 months |
XXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3668533 | |
| XXXX | 552712 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 554320 | XXXX | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXX | 555285 | XXXX | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXX | 563741 | XXXX | D | B | A | A | D | B | A | A | Closed | FCOM5135 | 2025-03-31 18:24 | 2025-07-14 12:39 | Waived | 2 - Non-Material | D | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-07/14/2025 | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-07/14/2025 |
LTV is less than guideline maximum - Maximum LTV allowed 85%, subject 16.19%. Qualifying FICO score is at least 20 points above minimum for program - Required Fico 660, subject 730 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Originator Post-Close | No | 3735677 | |||
| XXXX | 563741 | XXXX | D | B | A | A | D | B | A | A | Closed | finding-47 | 2025-03-31 18:47 | 2025-04-07 10:40 | Resolved | 1 - Information | C | A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Received PCCD XXXX, disbursement XXXX. Finding resolved. - Due Diligence Vendor-04/07/2025 Ready for Review-Document Uploaded. PCCD uploaded - Seller-04/04/2025 Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. -----Provide PCCD with disbursement date after the ROR expiration date. - Due Diligence Vendor-03/31/2025 |
Ready for Review-Document Uploaded. PCCD uploaded - Seller-04/04/2025 |
Resolved-Received XXXX, disbursement XXXX. Finding resolved. - Due Diligence Vendor-04/07/2025 |
LTV is less than guideline maximum - Maximum LTV allowed 85%, subject 16.19%. Qualifying FICO score is at least 20 points above minimum for program - Required Fico 660, subject 730 |
XXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3735769 | |
| XXXX | 566317 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE1316 | 2025-04-03 09:26 | 2025-04-08 07:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-CPA letter provided. - Due Diligence Vendor-04/08/2025 Ready for Review-Document Uploaded. UW advised that the 2 months business banks statements are not required per guidelines. Borrower co mingles business and personal in one account. CPA letter was included in the original upload, along with license. I’ve gone ahead and reuploaded them. - Seller-04/07/2025 Open-Borrower 1 3rd Party VOE Prior to Close Missing Per the applicable guidelines the business needs to be verified as having been open for 24 months. No evidence of the length of time the business has been open was identified in the file. - Due Diligence Vendor-04/03/2025 |
Ready for Review-Document Uploaded. UW advised that the 2 months business banks statements are not required per guidelines. Borrower co mingles business and personal in one account. CPA letter was included in the original upload, along with license. I’ve gone ahead and reuploaded them. - Seller-04/07/2025 |
Resolved-CPA letter provided. - Due Diligence Vendor-04/08/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Required fico 620, subject 640 Months Reserves exceed minimum required - No reserves required, subject 5.74 months. |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3768347 | |
| XXXX | 566317 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE1506 | 2025-04-03 17:42 | 2025-04-08 07:46 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-04/08/2025 Ready for Review-Document Uploaded. UW advised that the 2 months business banks statements are not required per guidelines. Borrower co mingles business and personal in one account. CPA letter was included in the original upload, along with license. I’ve gone ahead and reuploaded them. - Seller-04/07/2025 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Income finding - Due Diligence Vendor-04/03/2025 |
Ready for Review-Document Uploaded. UW advised that the 2 months business banks statements are not required per guidelines. Borrower co mingles business and personal in one account. CPA letter was included in the original upload, along with license. I’ve gone ahead and reuploaded them. - Seller-04/07/2025 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-04/08/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Required fico 620, subject 640 Months Reserves exceed minimum required - No reserves required, subject 5.74 months. |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3779039 | |
| XXXX | 566317 | XXXX | D | B | D | A | B | B | A | A | Closed | FCRE1342 | 2025-04-03 17:37 | 2025-04-08 07:39 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Business Bank Statements Missing | Resolved-2 months of business bank statements not required for co-mingled accounts. - Due Diligence Vendor-04/08/2025 Ready for Review-Document Uploaded. Per UW The 2 months business banks statements are not required per guidelines. Borrower co mingles business and personal in one account. CPA letter was included in original upload, along with license, reuploaded. - Seller-04/07/2025 Counter-Received duplicate documentation-confirm if 1.7.62.1 Personal Bank Statement Review or 1.7.6.2.2 Business and Co Mingled Bank statement review completed. 1008 received notes TBD with missing documentation. - Due Diligence Vendor-04/07/2025 Ready for Review-Document Uploaded. 12 months included in original upload, reuploaded - Seller-04/04/2025 Open-Missing 2 mo's business bankstatements to support personal bankstatements. - Due Diligence Vendor-04/03/2025 |
Ready for Review-Document Uploaded. Per UW The 2 months business banks statements are not required per guidelines. Borrower co mingles business and personal in one account. CPA letter was included in original upload, along with license, reuploaded. - Seller-04/07/2025 Ready for Review-Document Uploaded. 12 months included in original upload, reuploaded - Seller-04/04/2025 |
Resolved-2 months of business bank statements not required for co-mingled accounts. - Due Diligence Vendor-04/08/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Required fico 620, subject 640 Months Reserves exceed minimum required - No reserves required, subject 5.74 months. |
XXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 3778996 | |
| XXXX | 566317 | XXXX | D | B | D | A | B | B | A | A | Closed | FCOM5135 | 2025-04-02 12:15 | 2025-04-02 12:15 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/02/2025 |
Waived-Required Affiliated Business Disclosure Missing Originator waiver applied to non-material Findings. - Due Diligence Vendor-04/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Required fico 620, subject 640 Months Reserves exceed minimum required - No reserves required, subject 5.74 months. |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 3752841 |