Exhibit 99.18
| Client Name: | ||||
| Client Project Name: | MFA 2025-NQM3 | |||
| Start - End Dates: | 12/9/2021 - 5/23/2025 | |||
| Deal Loan Count: | 270 | |||
| Conditions Report 2.0 | ||||
| Loans in Report: | 270 | |||
| Loans with Conditions: | 115 | |||
| Loan Number | Original Principal Balance | State | Initial Lender ATR/QM Status | Loan Level ATR/QM Status | Initial Securitization Overall Loan Grade | Final Securitization Overall Loan Grade | Initial Securitization Credit Loan Grade | Final Securitization Credit Loan Grade | Initial Securitization Property Valuations Loan Grade | Final Securitization Property Valuations Loan Grade | Initial Securitization Compliance Loan Grade | Final Securitization Compliance Loan Grade | Initial S&P Overall Loan Grade | Final S&P Overall Loan Grade | Initial S&P Credit Loan Grade | Final S&P Credit Loan Grade | Initial S&P Property Valuations Loan Grade | Final S&P Property Valuations Loan Grade | Initial S&P Compliance Loan Grade | Final S&P Compliance Loan Grade | Condition Category | Condition Sub Category | Condition Status | Initial Securitization Condition Grade | Final Securitization Condition Grade | Initial S&P Condition Grade | Final S&P Condition Grade | Condition Code | Condition Description | Condition Material Indicator | Initial Comments | Client/Seller Response Comments | Conclusion Comments | TRID Error Type | Cure Method | Compensating Factors |
| 82869 | XXXX | FL | (No Data) | ATR/QM: Exempt | B | B | A | A | B | B | A | A | B | B | A | A | B | B | A | A | Property Valuations | Appraisal | Active | B | B | B | B | PRVAAPPR4789 | Appraisal Deficiency | No | Broker transferred appraisal in file. Approved loan Exception in file to use broker appraisal. Clayton deems non-material/non-fatal as appraisal independence certification is in file and value is supported by CDA. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: 4 years living at primary residence. CFCFS1737: LTV below guideline requirements - Clayton Comments: 60% LTV per review; 75% LTV is maximum allowed per guidelines. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 16.27 months of reserves in file. 6 months required. |
| 83047 | XXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 51.76% and maximum is 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 685 and minimum is 660 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has had no late payments for 15 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 37.13% and maximum allowed is 50% | |||||||||||||||
| 82870 | XXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 41.86 months of reserves in file. 6 months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 722 mid-score per CBR. 660 minimum. CFCFS1737: LTV below guideline requirements - Clayton Comments: 30% LTV per review; 75% LTV is maximum allowed per guidelines. | |||||||||||||||
| 83048 | XXXX | IN | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 7 years at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 10 months PITIA vs 0 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 760 is 120 points above the 640 FICO required for the program. | |||||||||||||||
| 82871 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 23 years at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: $82,226.60 reserves in file; 38.85 months PITIA. Required reserves $2,116.36 x 6 = $12,698.16. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 49.38% is 25.62% below the 75% LTV allowed for the program. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 722 is 62 points above the 660 FICO required for the program. | |||||||||||||||
| 82872 | XXXX | NY | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 675 exceeds the minimum of 640 CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 65.92% is below the maximum of 70% for unleased. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves $5000, 2.21 months reserves, 0 months required for rate term refi CFCFS1746: Significant housing expense reduction - Clayton Comments: Payment reduced by $1641.68 or 42.02% | |||||||||||||||
| 82873 | XXXX | NY | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Income/Employment | Active | B | B | B | B | CRDINC888 | Income Amount is Unsupported by Documentation in File | No | Missing lease for XXX per month for rented unit as required by guidelines 1.8.2.1.1.Clayton deems non-material/non-fatal to lending decision as market rent is equal to lease amount listed on the appraisal and credit score of 675/660 minimum and LTV 54.896%/70% maximum allowed. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 54.90%. G/l max is 70% CFCFS5269: Minimal use of credit - Clayton Comments: 22% consumer credit utilization in file |
| 82874 | XXXX | CA | (No Data) | ATR/QM: Exempt | C | B | B | B | C | A | A | A | C | B | B | B | C | A | A | A | Credit | Terms/Guidelines | Active | B | B | B | B | CRDTER111 | Ownership seasoning does not meet minimum per guidelines | No | Missing evidence of documented improvements since property owned less than 12 months.Guidelines 1.4.1.3 (Page 26): For properties owned greater than 6 months but less than 12-months: LTV/CLTV is limited to the lower of the current appraised value or the propertys purchase price plus documented improvements. HUD reflects property purchased XXX for XXX and note date of new loan is XXX. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 56 months PITIA is 50 months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 813 is 113 points above the 700 FICO required for the program. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of 1.34%. |
| 82874 | XXXX | CA | (No Data) | ATR/QM: Exempt | C | B | B | B | C | A | A | A | C | B | B | B | C | A | A | A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since FEMA disaster declaration date XXX and effective date XXX Wildfires and Straight-Line Winds. PDI ordered XXX. | 3-5-25 Clayton received PDI. | 3-6-25 Clayton reviewed PDI with no damage. Copy emailed to client. Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 56 months PITIA is 50 months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 813 is 113 points above the 700 FICO required for the program. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of 1.34%. |
| 82875 | XXXX | NY | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close assets are $12,886.48 or 5.09 months piti reserves. 0 months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying fico is 727. G/l min is 660 CFCFS5269: Minimal use of credit - Clayton Comments: 12% consumer credit utilization in file | |||||||||||||||
| 82877 | XXXX | NY | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 25 years at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 760 is 100 points above the 660 FICO required for the program. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 57.69% is 17.31% below the 75% LTV allowed for the program. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 85 months PITIA is 79 months greater than the 6 months reserves required. | |||||||||||||||
| 82879 | XXXX | NY | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 64.29% is below the maximum of 75% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 816 exceeds the minimum of 660 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves $863565.65, 117.43 months reserves, 6 months required CFCFS5269: Minimal use of credit - Clayton Comments: 4% of revolving credit usage | |||||||||||||||
| 82881 | XXXX | GA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 691 mid-score per CBR. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 294 months of mortgage history per CBR. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 93 months of 0x30 consumer credit history per CBR. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 9.54 months of reserves in file. | |||||||||||||||
| 82882 | XXXX | GA | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | LTV/CLTV | Active | C | B | C | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | The lease was dated after application date and per the guidelines, the borrower needs to verify receipt of the security deposit which we do not have. The LTV is at 75% which would be above the 70% for unleased properties. Clayton deems exception non material. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash Reserves $201504.10, 104.09 months reserves, 6 months required CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score 779 exceeds the minimum of 700 CFCFS5269: Minimal use of credit - Clayton Comments: 14% revolving credit usage CFCFS1736: Significant time at current residence - Clayton Comments: Residing in primary residence 30 years per PDR |
| 82884 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash Reserves $139875.11, 119.12 months reserves, 6 months required CFCFS1736: Significant time at current residence - Clayton Comments: Residing in primary residence 17 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 35.71% is below the maximum of 70% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 741 exceeds the minimum of 660 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 99 months reviewed for primary residence mortgage exceeds the 12 months required CFCFS5269: Minimal use of credit - Clayton Comments: 17% revolving credit usage | |||||||||||||||
| 83065 | XXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 663 mid-score per CBR. 660 minimum. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 0x30 consumer history since 5/2020 per CBR. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 1.97 months of reserves in file, 0 months required. | |||||||||||||||
| 83049 | XXXX | NC | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying fico is 740. G/l min is 700 CFCFS5269: Minimal use of credit - Clayton Comments: 20% consumer credit utilization in file CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close assets are $93,146.53 or 70.08 months piti reserves. 6 months required. | |||||||||||||||
| 82889 | XXXX | NC | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 15 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $1,005,056.25, 332.49 months; 6 months required. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has no late payments on mortgages for past 3 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 782 and minimum is 700 | |||||||||||||||
| 82890 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash Reserves $294171.63, 51.23 months reserves, 6 months required | |||||||||||||||
| 82891 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash Reserves $101416.53, 23.89 months reserves, 6 months required CFCFS1736: Significant time at current residence - Clayton Comments: Residing at current primary residence for 20 years CFCFS5269: Minimal use of credit - Clayton Comments: 4% of revolving credit usage CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 731 exceeds the minimum of 700 | |||||||||||||||
| 82892 | XXXX | GA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 7 years at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 677 is 37 points above the 640 FICO required for the program. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of 21.43%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 68.76% is 6.24% below the 75% LTV allowed for the program. | |||||||||||||||
| 82893 | XXXX | NJ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 690 mid-score per CBR. 660 minimum. CFCFS1736: Significant time at current residence - Clayton Comments: 9 years living at primary residence. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 108 months of 0x30 rental history per VOR in file. CFCFS1737: LTV below guideline requirements - Clayton Comments: 63.78% LTV per review; 70% LTV is maximum allowed per guidelines. | |||||||||||||||
| 82895 | XXXX | WI | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Terms/Guidelines | Active | B | B | B | B | CRDTER4631 | Loan parameters do not meet guidelines | No | Subject loan is refinancing a PIK (paid in kind) loan and guidelines require it be considered a cash out refinance. (sec 1.4.1.2 or page 25-26 AND sec 1.8.2.3 or page 68)Loan does not meet cash out due to the following: 1) Max LTV is 70% based on credit score, 2) Minimum credit score is 700 based on 75% LTV, 3) LTV is based on lower of appraised value or acquisition cost + documented improvements (sec 1.4.1.3 or page 26). Clayton deems non-material/non-fatal to lending decision as there was no cash out at closing and appraisal indicates "lower unit has been wholly modernized with a remodeled kitchen and bath and newer laminate flooring" and "newer water heaters and vinyl windows". Compensating factor include over 198 months cash reserves/6 months required on cash out, Strong DSCR at 1.3875 and 22 months mortgage history on other REO with no lates. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS5269: Minimal use of credit - Clayton Comments: 35.26 credit utilization in file CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 198.82 months piti reserves. 6 months required. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 10 years |
| 82896 | XXXX | CT | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Income/Employment | Active | B | B | B | B | CRDINC888 | Income Amount is Unsupported by Documentation in File | No | Missing evidence receipt of security deposit of $2500 for subject property. Per guidelines 1.8.2.1.1. if lease was obtained after application date, file must have evidence of the security deposit. Lease dated XXX, Application date XXX Clayton deems non-material/non-fatal since DSCR is calculated on the lower amount and Credit score of 727/minimum 700, and more than 6 months cash reserves. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves $194019.52, 90.98 months reserves, 6 months required CFCFS1736: Significant time at current residence - Clayton Comments: 48 months at current primary residence CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 727 exceeds the minimum of 700 |
| 82896 | XXXX | CT | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL1819 | Estimated HUD-1 in File, Missing Final HUD-1 | No | Missing final HUD-1. HUD-1 provided is dated XXX. Transaction date is XXX | 2-24-25 Client uploaded final HUD. | 2-25-25 Clayton reviewed HUD and updated data points. Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves $194019.52, 90.98 months reserves, 6 months required CFCFS1736: Significant time at current residence - Clayton Comments: 48 months at current primary residence CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 727 exceeds the minimum of 700 |
| 83063 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 15 years at current residence. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 49.67% is 20.33% below the 70% LTV allowed for the program. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 117 months PITIA is 111 months greater than the 6 months reserves required. | |||||||||||||||
| 83069 | XXXX | WI | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 25 years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying fico is 706. G/l min is 700 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 63.13 months piti reserves. 6 months required. | |||||||||||||||
| 82897 | XXXX | WI | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 25 years at current residence. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of 7.86%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 71 months PITIA is 65 months greater than the 6 months reserves required. | |||||||||||||||
| 82898 | XXXX | CA | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Income/Employment | Active | B | B | B | B | CRDINC888 | Income Amount is Unsupported by Documentation in File | No | Missing the required 2 months of rent verification for subject XXX (2 rentals at XXX/month each), also missing proof of security deposits for the XXX. Loan Exception Request in file. Clayton deems non-material/non-fatal to lending decision due to compensating factors: credit score 792/660 minimum and over 54 months cash reserves/6 months required. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 792 mid-score per CBR. 660 minimum. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 284 months of 0x30 mortgage history per CBR. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 108 months of 0x30 consumer history per CBR. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 54.45 months of reserves in file. 6 months required. CFCFS1737: LTV below guideline requirements - Clayton Comments: 70% LTV per review; 75% LTV is maximum allowed per guidelines. |
| 82900 | XXXX | FL | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | Insurance | Active | C | B | C | B | CRDINSR5351 | Insurance Effective date is greater than the transaction date | No | Hazard policy runs from XXX-XXX, disbursement date is XXX, Note date is XXX. | 3-4-25 Client sent email from insurance agent. | 3-5-25 Clayton reviewed email from insurance agent that states there have been no claims since XXX with policy start date of XXX. Clayton deems non-material/non-fatal to lending decision as there have been no claims and only missing coverage from XXX to XXX Compensating factors: credit score 793/680 minimum, LTV 50.68%/85% maximum allowed, and 8.62 months cash reserves/0 months required. Exception remains as non-material. | Not Applicable | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 793 mid-score per CBR. 680 minimum for first time investor. CFCFS1736: Significant time at current residence - Clayton Comments: 5 years living at primary residence. CFCFS1737: LTV below guideline requirements - Clayton Comments: 50.68% LTV per review; 85% LTV is maximum allowed per guidelines. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 36 months of 0x30 consumer credit history per CBR. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 8.62 months of reserves in file. 0 months required. |
| 82901 | XXXX | IL | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Active | B | B | B | B | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | Missing verification of mortgage for primary residence with note date of XXX. (copy of mortgage statement or first payment letter that matches payment on bank statement)Note: should have been at least one payment due prior to subject note date. Mortgage on credit report is for XXX property. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 715 is above the required 660. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below the maximum allowable of 85%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves = $81,481.16, 68.09 months. 0 months required. |
| 82902 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL2420 | Missing HUD-1 (Final and Estimated) | No | Provide final HUD-1. | 3-3-25 Client uploaded final HUD. | 3-4-25 Clayton reviewed final HUD and updated data points. Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying fico is 740. G/l min is 680 CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%. G/l max is 75% CFCFS5269: Minimal use of credit - Clayton Comments: 12% consumer credit utilization in file |
| 82903 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $145,377.57, 89.6 months; 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 797 and minimum is 700 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has no late payments on any account for 20 years. | |||||||||||||||
| 83050 | XXXX | MA | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Application | Satisfied | D | A | D | A | CRDAPP3312 | One or more Applications in file are incomplete | No | Missing completed application for XXX | 3-28-25: client uploaded completed application for XXX. | 3-28-25: exception satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 8 years at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 13 months PITIA is 7 months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 736 is 36 points above the 700 FICO required for the program. |
| 83050 | XXXX | MA | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Application | Satisfied | D | A | D | A | CRDAPP3822 | Missing or incomplete documentation related to citizenship/residency | No | Missing completed application for XXX to determine citizenship/residency. | 3-28-25: client uploaded completed application for XXX | 3-28-25: exception satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 8 years at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 13 months PITIA is 7 months greater than the 6 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 736 is 36 points above the 700 FICO required for the program. |
| 82904 | XXXX | HI | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL1819 | Estimated HUD-1 in File, Missing Final HUD-1 | No | Provide Final HUD-1. | 3-3-25 Client uploaded final HUD. | 3-3-25 Clayton reviewed HUD and updated data points. Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 702 qualifying credit score per CBR. 660 minimum. CFCFS1737: LTV below guideline requirements - Clayton Comments: 70% LTV per review; 75% LTV is maximum allowed per guidelines. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 63 months of 0x30 subject mortgage history per CBR. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 33.38 months of reserves in file. 6 months required. |
| 82905 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Application | Satisfied | D | A | D | A | CRDAPP130 | Application is incomplete | No | Application is incomplete as residency status is not completed. Please provide update with residency/citizenship completed. | 2-25-25 Client uploaded updated application. | 2-26-25 Clayton reviewed application. Exception satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 65%. G/l max is 80% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower is 0*30 mortgage history past 28 months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 3.27 months piti reserves. 0 months required. |
| 82907 | XXXX | CA | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL1819 | Estimated HUD-1 in File, Missing Final HUD-1 | No | Provide final HUD-1. | 3.12.25 please see the uploaded final ssXXX XXX uploaded is Estimated with no settlement date or disbursement date noted. exception remains. 3.17.25 please see the updated final ss3.17.25 exception satisfied | 3.17.25 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 37.33% is 32.67% below the 70% LTV allowed for the program. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: $1,344,313.63 reserves in file; 115.85 months PITIA. Required reserves $11,603.88 x 6 = $69,623.28. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 661 is above the required 660. |
| 83059 | XXXX | NC | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 672 mid-score per CBR. 660 minimum CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 3.06 months of reserves, 0 months required. CFCFS1736: Significant time at current residence - Clayton Comments: 5 years living at primary residence. | |||||||||||||||
| 82908 | XXXX | NY | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $58,522.98, 21.68 months; 6 months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 750 and minimum is 680 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has no late payments with 12 year credit history. | |||||||||||||||
| 82910 | XXXX | CT | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing third party valuation to support original appraised value.Per guidelines Page 79 - if both scores (CU & LCA) provided, both required to be 2.5 or less. If the score exceeds 2.5, the file must include either an enhanced desk review, AVM, field review, or second appraisal.LCA score is 3.5. | 3.13.25 Please see uploaded CDA3.13.25 exception satisfied | 3.13.25 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying fico is 699. G/l min is 660 CFCFS5269: Minimal use of credit - Clayton Comments: 18% consumer credit utilization in file CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 6.66 months piti reserves. 0 months required. |
| 82911 | XXXX | MS | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 759 mid-score per CBR. 660 minimum. CFCFS1736: Significant time at current residence - Clayton Comments: 12 years living at primary residence. CFCFS1737: LTV below guideline requirements - Clayton Comments: 80% LTV per review; 85% LTV is maximum allowed per guidelines. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 134 months of 0x30 consumer credit history per CBR. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 34.64 months of reserves in file. 0 months required. | |||||||||||||||
| 82912 | XXXX | MO | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Application | Satisfied | D | A | D | A | CRDAPP3822 | Missing or incomplete documentation related to citizenship/residency | No | Provide updated 1003 loan application to clarify if borrower is XXX or XXX; file has conflicting information as current VISA in file yet 1003 indicates XXX. | 3-5-25 Client uploaded corrected 1003. | 3-6-25 Clayton reviewed corrected 1003. Exception satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 73% is below the maximum of 80% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 695 exceeds the minimum of 660 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash Reserves $41439.47, 18.32 months reserves, 0 months required |
| 82915 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 716 mid-score per CBR. 700 minimum. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 135.46 months of reserves in file. 0 months required. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 0x30 mortgage history since 2/2020 per CBR. | |||||||||||||||
| 82916 | XXXX | AL | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Assets | Satisfied | D | A | D | A | CRDAST2670 | Asset documentation is insufficient per guideline requirements | No | Missing satisfactory verification of XXX account in the name of XXX used for closing per Wire in file from XXX on XXXX5 for $XXXX | 3-3-25 Client uploaded XXX statement. | 3-3-25 Clayton reviewed XXX statement which reflects the outgoing wire of $XXXX on XXXX. Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 794 is above the required 660. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 80% is below the maximum allowable of 85%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves = $162,453.30, 101.38 months. 0 months required. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history of 46 months exceeds the required 12 months. |
| 82917 | XXXX | NC | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Active | B | B | B | B | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 691 exceeds the maximum of 660 CFCFS1736: Significant time at current residence - Clayton Comments: 30 years residing in primary residence CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves $162669.42, 119.60 months reserves, 6 months required CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 99 months reviewed for primary residence mtg exceeds the 12 months required | |
| 82917 | XXXX | NC | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC888 | Income Amount is Unsupported by Documentation in File | No | Missing evidence receipt of security deposit for subject property in the amount of $1000. Per 1.8.2.1.1 guidelines, leases obtained after application must have evidence of security deposit. | 3-19-25 Client uploaded evidence of security deposit. | 3-19-25 Clayton reviewed document. Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 691 exceeds the maximum of 660 CFCFS1736: Significant time at current residence - Clayton Comments: 30 years residing in primary residence CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves $162669.42, 119.60 months reserves, 6 months required CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 99 months reviewed for primary residence mtg exceeds the 12 months required |
| 82917 | XXXX | NC | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | LTV/CLTV | Active | B | B | B | B | CRDLTV5736 | LTV Exceeds Guideline Requirement by less than 5% | No | LTV exceeds by .28%. Per guidelines for cash out refi, max LTV is 70% with a credit score of 691. Loan closed at 70.28% LTV | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 691 exceeds the maximum of 660 CFCFS1736: Significant time at current residence - Clayton Comments: 30 years residing in primary residence CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves $162669.42, 119.60 months reserves, 6 months required CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 99 months reviewed for primary residence mtg exceeds the 12 months required |
| 82918 | XXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: 24 years living at primary residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 711 qualifying credit score per CBR. 680 minimum for first time investor. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 65 months of 0x30 prior mortgage history on CBR. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 14.03 months of reserves in file. 0 months required. CFCFS1737: LTV below guideline requirements - Clayton Comments: 80% LTV per review; 85% LTV is maximum allowed per guidelines. | |||||||||||||||
| 82919 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash Reserves $271728.10, 28.63 months reserves, 6 months required CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 777 exceeds the minimum of 700 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 46 months reviewed for primary residence mortgage exceeds the 12 months required | |||||||||||||||
| 82920 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 4 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 52.084%. G/l max is 70% CFCFS5269: Minimal use of credit - Clayton Comments: 0% consumer credit utilization in file CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 82.45 months piti reserves. 6 months required. | |||||||||||||||
| 83052 | XXXX | CT | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves $216926.34, 98.99 months reserves, 6 months required CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit Score 795 exceeds the minimum of 660 CFCFS5269: Minimal use of credit - Clayton Comments: 8% of revolving credit utilized | |||||||||||||||
| 83053 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 20 years at current residence. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of 7%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 800 is above the 660 FICO required for the program. | |||||||||||||||
| 82921 | XXXX | TX | (No Data) | ATR/QM: Exempt | C | A | A | A | C | A | N/A | N/A | C | A | A | A | C | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR2502 | Appraiser is currently on an exclusionary list | No | Fraud report states appraiser (XXX) is not registered with National Registry of Appraisers and XXX (supervisory appraiser) was not on participants list. Provide evidence the XXX is registered with ASC and add XXX to participants list. | 3-3-25 Client uploaded Fraud report. | 3-3-25 Clayton reviewed report and file. ASC search uploaded to clear alerts on fraud report. Exception satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 12 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 749 and minimum is 660 CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has no outstanding revolving debt. |
| 82922 | XXXX | FL | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Active | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | 5% LTV exception; 70% LTV is maximum allowed per guidelines for DSCR < 1.0 for cash-out transaction. Loan was approved at 75% LTV based on DSCR of 1.0499 per approval using XXX/month market rents with no evidence to support higher amount used. File contained 1007 showing XXX/month. Review calculated DSCR at 0.9599 based on XXX/month market rents. Clayton deems non-material/non-fatal to lending decision due to the following compensating factors: Credit score of 703/minimum is 700 and cash reserves of 29.09 months/6 months required. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 703 mid-score per CBR. 700 minimum. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 124 months of 0x30 consumer credit history per CBR. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 154 months of 0x30 mortgage history per CBR. |
| 82923 | XXXX | TX | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Application | Satisfied | D | A | D | A | CRDAPP130 | Application is incomplete | No | Provide application with residency status completed. Missing Citizenship. | 3-4-25 Client uploaded application. | 3-4-25 Clayton reviewed corrected application. Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 6.97 months PITIA vs 0 months reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 709 is 49 points above the 660 FICO required for the program. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 12 years at current residence. |
| 83054 | XXXX | FL | (No Data) | ATR/QM: Exempt | C | A | B | A | C | A | N/A | N/A | C | A | B | A | C | A | N/A | N/A | Credit | Credit/Mtg History | Satisfied | B | A | B | A | CRDCRMH2662 | Number of mortgaged properties exceeds guideline limit | No | File documentation indicates there will be up to XXXX properties financed by the Lender; provide credit committee approval to exceed 4 properties. | 3-28-25: client uploaded credit committee approval for XXXX loans. | 3-28-25: exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $118,044.29, 42.19 months; 6 months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 708 and minimum is 680 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has no late payments with 5 year payment history. |
| 83054 | XXXX | FL | (No Data) | ATR/QM: Exempt | C | A | B | A | C | A | N/A | N/A | C | A | B | A | C | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR2502 | Appraiser is currently on an exclusionary list | No | Fraud report indicates appraiser, XXX, is not registered with the National Registry of Appraisers. | 3-28-25: client uploaded verification that appraiser is active in the National Registry of Appraisers. | 3-28-25: Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $118,044.29, 42.19 months; 6 months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 708 and minimum is 680 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has no late payments with 5 year payment history. |
| 83045 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 730 is 50 points above the 680 FICO required for the program. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 65% is 5% below the 70% LTV allowed for the program. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 56 months PITIA is 50 months greater than the 6 months reserves required. | |||||||||||||||
| 82924 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | A | A | B | B | A | A | B | B | A | A | B | B | A | A | Property Valuations | Property | Active | B | B | B | B | PRVAPROP177 | Property Issues Indicated | No | NQHEM+ requires an inspection of the subject, as it is a condo. Inspection is in the file indicating deficiencies to be addressed with a cost to cure of $1,650 - for electrical, kitchen appliances, plumbing and interior fixes. Provide proof all repairs are complete. Clayton deems except4ion non material toe the overall lending decision. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: Verified 50% LTV. Max allowed 80%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: $XXXX funds required to close. Verified $262,478.44 in assets with $35,924.77 in post-closing reserves. No Reserves required since LTV is 50%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Verified 29 months clean mortgage payment history. Minimum required 12 months. |
| 82925 | XXXX | NY | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have been at current residence for 10 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $569,729.96, 105.44 months; 6 months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 780 and minimum is 700 CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrowers have no late payments on mortgages for 9 years. | |||||||||||||||
| 82926 | XXXX | AZ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: 15 years living at primary residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 41.39 months of reserves in file. 6 months required. | |||||||||||||||
| 82927 | XXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves = $26,316.00, 6.17 months. 6 months required. | |||||||||||||||
| 82929 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Compliance | Ability to Repay/Qualified Mortgage | Satisfied | D | A | D | A | CMPATRQM3220 | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. | No | Pending verification of HOA dues on XXX and satisfactory evidence that the borrower does not have any ownership interest in XXX as reflected on fraud report. | 3-7-25 Client uploaded docs to satisfy exceptions. | 3-11-25 Clayton reviewed all documents uploaded. Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 817 is above the required 680. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 75% is below the maximum allowable of 90%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 17.45% is below the maximum allowable 43%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves = $253,153.74, 41.16 months. 6 months required. |
| 82929 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Credit | Credit/Mtg History | Satisfied | C | A | C | A | CRDCRMH1805 | Debts/obligations not disclosed/accounted for at origination | No | Missing evidence that borrower does not own XXX as reflected on the fraud report. Letter in file from borrower is not sufficient to evidence - Provide property report on triplex located at XXX (Brief legal: Tract #XXX S XXX ft of N XXX Ft of Lot XXX). Note: DTI subject to change. | 3-7-25 Client uploaded property report. | 3-11-25 Clayton reviewed property report. Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 817 is above the required 680. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 75% is below the maximum allowable of 90%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 17.45% is below the maximum allowable 43%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves = $253,153.74, 41.16 months. 6 months required. |
| 82929 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing verification of no HOA dues on XXX. Note: DTI subject to change. | 3-7-25 Client uploaded online search reflecting no HOA. | 3-11-25 Clayton reviewed online searches. Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 817 is above the required 680. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 75% is below the maximum allowable of 90%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 17.45% is below the maximum allowable 43%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves = $253,153.74, 41.16 months. 6 months required. |
| 82930 | XXXX | MD | (No Data) | ATR/QM: Exempt | B | A | B | A | A | A | A | A | B | A | B | A | A | A | A | A | Credit | Credit/Mtg History | Satisfied | B | A | B | A | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | Missing most recent 12 month pay history for mortgage on subject property with XXX. | 3-7-25 Client uploaded bank statements. 3.12.25 he payment on XXX is sept mortgage payment and it matches the withdraw on all prior payments from Feb thru Sept. $1584 (snippets below). October payment there was an increase to the payment, $1601.95. The mtg statement (attached) that was provided for Feb 2025 show the same amount | 3.13.25 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 5 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $56,984.38, 26.57 months; 6 months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 694 and minimum is 660 |
| 82931 | XXXX | MO | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash Reserves $18716.29, 12.59 months reserves, 6 months required CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 755 is above the required 740. CFCFS1739: Postive mortgage payment history - Clayton Comments: Borrower has an excellent payment history on subject property. | |||||||||||||||
| 82932 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying fico is 708. G/l min is 700 CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 38 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower is 0*30 mortgage payment history past 60 months | |||||||||||||||
| 82934 | XXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying fico is 760. G/l min is 660 CFCFS5269: Minimal use of credit - Clayton Comments: 10% consumer credit utilization in file CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 111.55 months piti reserves. 6 months required. | |||||||||||||||
| 83061 | XXXX | TX | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing third party valuation to support original appraised value.LCA score 3, CU score 1.1 and CDA in file was not for our subject property.Provide CDA to support value for subject property. | 3-21-25 Client uploaded CDA. | 3-21-25 Clayton reviewed CDA. Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 734 mid-score per CBR. 660 minimum. CFCFS1737: LTV below guideline requirements - Clayton Comments: 80% LTV per review; 85% LTV is maximum allowed per guidelines. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 77.45 months of reserves in file. 6 months required. |
| 82936 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Credit | Application | Satisfied | D | A | D | A | CRDAPP155 | Application Missing | No | Missing signed application for XXX. | 3.17.25 Uploaded commercial loan app for XXX.3.17.25 exception satisfied | 3.17.25 exception satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 11.31 months PITIA is greater than the 6 months reserves required. |
| 82936 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Credit | Application | Satisfied | D | A | D | A | CRDAPP4625 | The orig file does not contain a third party fraud report | No | Missing both Guarantors names listed on the fraud report participants detail list as cleared through all watchlist. | 3-17-25 Client uploaded fraud report. | 3-18-2 Clayton reviewed fraud report. Exception satisfied. | Not Applicable | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 11.31 months PITIA is greater than the 6 months reserves required. |
| 82936 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Credit | Terms/Guidelines | Active | C | B | C | B | CRDTER3262 | Property issues indicated | No | Property is a Non-Warrantable Condo with the HOA having less than the minimum 10% reserves required. Client provided an exception approval to allow the loan with the HOA having less than 10% reserves. Clayton deems exception non fatal to the lending decision. Grade = 2/B. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 11.31 months PITIA is greater than the 6 months reserves required. |
| 82937 | XXXX | LA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 674 exceeds the minimum 660 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: VOR supports 58 months rent reviewed which exceeds the 12 months required CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash Reserves $128245.70, 92.84 months reserves, 6 months required | |||||||||||||||
| 82938 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 166.14 months piti reserves. 6 months required. | |||||||||||||||
| 82939 | XXXX | OK | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying fico is 753. G/l min is 700 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower is 0*30 mortgage payment history past 40 months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close assets are $118,295.16 or 97.27 months piti reserves. 6 months required. | |||||||||||||||
| 82941 | XXXX | UT | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 735 is 95 points above the 640 FICO required for the program. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 65% is 20% below the 85% LTV allowed for the program. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 36 months PITIA vs 0 months reserves required. | |||||||||||||||
| 82944 | XXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower is 0*30 consumer credit history past 48 months CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower is 0*30 mortgage payment history past 92 months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 94.91 months piti reserves. 6 months required. | |||||||||||||||
| 82945 | XXXX | GA | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC888 | Income Amount is Unsupported by Documentation in File | No | Missing 1007 supporting long term market rents of XXX per month. NOTE: If documents come back as a short term rental - An LTV exception will be added as Maximum LTV for short term rental is 75% per guidelines 1.8.2.1.2 or page 66. | March 4th 2025, 11:31:15 am Message from Client: The XXX was used for the decision. Please advise.3-5-25 Client uploaded XXX report changing property to short term rental. | 3-4-25 Clayton responded: We need the XXX report and we will change to Short term rental and we will need to add LTV exception due to Maximum LTV for short term rental is 75% per guidelines 1.8.2.1.2 or page 66 and loan closed at 80%. Exception remains. 3-6-25 Clayton reviewed XXX report and updated data points. Changed property rental type to a short term rental which caused an New LTV exception. Income exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 759 exceeds the minimum of 660 based on LTV. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 38 months reviewed for primary residence mortgage exceeds 12 months required CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash Reserves $82744.44, 17.92 months reserves, 0 months required |
| 82945 | XXXX | GA | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | LTV/CLTV | Active | C | B | C | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | Maximum LTV is 75% for short term rentals, loan closed at 80%LTV. Clayton deems non-material/non-fatal due to credit score of 759/660 minimum required, strong DSCR calculation at 1.4513 and cash reserves at 17.92 months/0 months required. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 759 exceeds the minimum of 660 based on LTV. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 38 months reviewed for primary residence mortgage exceeds 12 months required CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash Reserves $82744.44, 17.92 months reserves, 0 months required |
| 82947 | XXXX | PA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 5 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 7.37 months piti reserves. 6 months required. | |||||||||||||||
| 82948 | XXXX | TX | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Active | C | B | C | B | CRDCRMH148 | Credit report stale dated at closing | No | Credit report is over 120 days old, completed XXX, with date of note XXX, this is 125 days. Credit report was reissued on XXX and on XXX but information was not refreshed and updated. | 3-7-25 Client entered the following comments in Hazard insurance exception for credit: This is a noni so credit balances and payments do not matter because we dont use income however the liabilities on the XXX reissue match, fico scores match and we have the correct credit reference #. A reissue is a refresh just happens nothing changed - there should be no issue.3-11-25 Client uploaded an approved exception for credit report being over 120 days old. | 3-11-25 Clayton reviewed the file and credit report which reflects a reissue date of XXX, however the credit score calculated date remains XXX which is considered stale as it was over 120 days old at closing. Exception remains. 3-11-25 Clayton reviewed exception approval and file and deems non-material/non-fatal to lending decision as only 5 days outside of acceptable time frame and credit score of 678/660 minimum and over 24 months cash reserves/6 months required. Non-material exception remains. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $102,247.74, 24.42 months; 6 months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 678 and minimum is 660 |
| 82948 | XXXX | TX | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | Insurance | Active | C | B | C | B | CRDINSR5351 | Insurance Effective date is greater than the transaction date | No | HOI effective date is XXX and loan closed XXX. Clayton deems non-material/non-fatal to lending decision as borrower had builders risk coverage at closing and it is now changed over to Dwelling coverage with a higher amount of coverage. | 3-18-25 Client requested explanation. | 3-18-25 Clayton reviewed and emailed client back: I reviewed the HOI earlier today and satisfied the HOI coverage exception, however this caused another exception due to the effective date of XXX and the loan closed XXX. It also caused a variance in the DSCR which is now 1.1227 as the HOI increased the payment. The following non-material exception was added: HOI effective date is XXX and loan closed XXX. Clayton deems non-material/non-fatal to lending decision as borrower had builders risk coverage at closing and it is now changed over to Dwelling coverage with a higher amount of coverage.Exception remains. | Not Applicable | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $102,247.74, 24.42 months; 6 months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 678 and minimum is 660 |
| 82948 | XXXX | TX | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR289 | Insufficient Hazard Insurance Coverage | No | Insurance in file is builder risk coverage which is not acceptable for finished dwellings as it terminates when building begins its intended use, in this case, as rental dwelling. | 3-17-25 Client uploaded HOI policy. | 3-18-25 Clayton reviewed HOI. Policy reflects an effective date of XXX and loan closed XXX which has caused a new exception for HOI effective date. HOI coverage Exception is satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $102,247.74, 24.42 months; 6 months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 678 and minimum is 660 |
| 82949 | XXXX | CA | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Application | Satisfied | D | A | D | A | CRDAPP130 | Application is incomplete | No | Application is incomplete as residency status is blank. Provide corrected application. | 2-26-25 Client uploaded application. | 2-26-25 Clayton reviewed. Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close assets are $44,030.15 or 7.74 months reserves, 0 months required. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 26 years CFCFS5269: Minimal use of credit - Clayton Comments: 2% Consumer credit utilization in file CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying fico is 718. G/l min is 660 |
| 82951 | XXXX | CA | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing updated valuation to support appraised value. Note: XXX Guidelines (Section 1.9.1.3.1): (Only one score required, if both scores (CU & LCA) provided, both required to be 2.5 or less). File contained both: CU score = 2.2 , LCA score = 3.Provide CDA to support value. | 3.12.25 Upld screen shot of SSR not required CDA3.13.25 Clayton memo; LCA =3.0 Note: XXX Guidelines (Section 1.9.1.3.1): (Only one score required, if both scores (CU & LCA) provided, both required to be 2.5 or less). File contained both: CU score = 2.2 , LCA score = 3. Missing updated valuation to support appraised value. Provide CDA to support value. exception remains. 3.20.25 Hi upload CDA thank you3.20.205 exception satisfied | 3.20.205 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 683 mid-score per CBR. 660 minimum. CFCFS1737: LTV below guideline requirements - Clayton Comments: 20% LTV per review; 70% LTV is maximum allowed per guidelines. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 630 months of 0x30 consumer credit history per CBR. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 129.17 months of reserves in file. 6 months required. |
| 82952 | XXXX | NJ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $16,312.60, 5.68 months; no reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 694 and minimum is 660 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has no late payments on any account with 7 year credit history. | |||||||||||||||
| 82954 | XXXX | LA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying fico is 748. G/l min is 700 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower is 0*30 mortgage payment history past 60 months CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 80%. Max LTV per g/l is 85% | |||||||||||||||
| 82955 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 5 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%. G/l max is 85% CFCFS5269: Minimal use of credit - Clayton Comments: 18% consumer credit utilization in file CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post close assets are $74,165.05 or 19.39 months piti reserves. 0 months required. | |||||||||||||||
| 83514 | XXXX | AZ | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR2502 | Appraiser is currently on an exclusionary list | No | Missing documentation to clear fraud report alert on appraiser. Provide ASC search to verify appraiser is registered with the National Registry. Documentation provided clears appraiser from EPLS/SAM | 4.4.25 Please see the upl cleared report for appraiser4.4.25 exception satisfied | 4.4.25 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 624 exceeds the minimum of 620 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash Back $171650.04. 51.37 months reserves, 3 months required CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 43.81% is below the maximum of 50% |
| 82958 | XXXX | VA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $6366.91, 3.67 months; no reserves required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 796 and minimum is 700 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has no late payments on any credit with 14 years credit history. | |||||||||||||||
| 82960 | XXXX | FL | (No Data) | ATR/QM: Exempt | C | A | A | A | C | A | N/A | N/A | C | A | A | A | C | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR2502 | Appraiser is currently on an exclusionary list | No | Missing documentation Appraiser is active. | 3.17.25 Uploaded proof appraiser is active.3.17.25 exception satisfied | 3.17.25 exception satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves $36623.18, 16.44 months reserves, 6 months required |
| 82961 | XXXX | DC | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 661 is above the required 640. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash reserves = $4,590.58, 1.36 months. 0 months required. CFCFS2860: Good credit history - Clayton Comments: Borrower has a good credit history with no late payments in the last 4 years. | |||||||||||||||
| 82962 | XXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: 10 years living at primary residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 717 mid-score per CBR. 660 minimum. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 108 months of mortgage history per CBR. CFCFS1737: LTV below guideline requirements - Clayton Comments: 80% LTV per review; 85% LTV is maximum allowed per guidelines. | |||||||||||||||
| 82964 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 60% is below the maximum of 85% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 762 exceeds the minimum 640 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash Reserves $92400, 32.18 months reserves, 0 months required CFCFS5269: Minimal use of credit - Clayton Comments: 1% of revolving credit used CFCFS1736: Significant time at current residence - Clayton Comments: Residing in primary residence 21 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Primary residence mortgage reviewed 53 months exceeds the 12 months required | |||||||||||||||
| 82965 | XXXX | AZ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 808 qualifying credit score per CBR. 640 minimum. CFCFS1736: Significant time at current residence - Clayton Comments: 30 years living at primary residence. CFCFS1737: LTV below guideline requirements - Clayton Comments: 30.95% LTV per review; 85% LTV is maximum allowed per guidelines. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 170 months of 0x30 mortgage history per CBR. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 479 months of 0x30 consumer credit history per CBR. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 48.68 months of reserves in file. 0 months required. | |||||||||||||||
| 83060 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 49 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 29.87%. G/l max is 70% for unleased property. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying fico is 797. G/l min is 660. | |||||||||||||||
| 82966 | XXXX | LA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 751 is 91 points above the 660 FICO required for the program. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of 8 months PITIA vs 0 months reserves required. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of 7.44%. | |||||||||||||||
| 82967 | XXXX | TX | (No Data) | ATR/QM: Exempt | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR2502 | Appraiser is currently on an exclusionary list | No | Fraud report reflects a watchlist alert for appraiser. Provide ASC evidence to clear alert. | 3-7-25 Client uploaded ASC search. | 3-11-25 Clayton reviewed search. Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $104,775.57, 26.46 months; 6 months required. CFCFS3824: Borrower contributed an additional down payment - Clayton Comments: Borrower contributed an additional $XXXXabove the required $XXXX down payment for a total down payment of $XXXX |
| 83062 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 751 mid-score per CBR. 680 minimum. CFCFS1736: Significant time at current residence - Clayton Comments: 6.3 years living at primary residence. CFCFS1734: Borrower has significant time at current job - Clayton Comments: 9 years employed with XXXX of XXX CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 198 months of 0x30 consumer credit history per CBR. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: $XXXX = 72.40 months of reserves. 6 months required. | |||||||||||||||
| 83068 | XXXX | CA | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Income/Employment | Active | B | B | B | B | CRDINC3204 | Income Documentation Missing | No | Guidelines require the following for property with XXX in XXX: Refinance The market rent for the accessory unit should be documented on FNMA Form 1007 and the file must include a copy of the current lease with two (2) months proof of current receipt.Missing 2 months proof of current rent receipt from XXX (tenant). Clayton deems non-material/non-fatal to lending decision due to credit score of 753/700 minimum and over 61 months reserves/6 required. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 753 mid-score per CBR. 700 minimum. CFCFS1736: Significant time at current residence - Clayton Comments: 5 years living at primary residence. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 472 months of 0x30 mortgage history per CBR. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 61.78 months of reserves in file. 6 months required. |
| 82973 | XXXX | NY | (No Data) | ATR/QM: Exempt | D | A | C | A | D | A | N/A | N/A | D | A | C | A | D | A | N/A | N/A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC888 | Income Amount is Unsupported by Documentation in File | No | Missing appraisal with supporting forms including the 1007 with market rents of XXX. | 3-3-25 Client uploaded 1007. | 3-3-25 Clayton reviewed 1007 supporting XXX per month fair market rents. Exception satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 4 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $19,447.03, 4.26 months; no reserves required CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 788 and 660 is minimum |
| 82973 | XXXX | NY | (No Data) | ATR/QM: Exempt | D | A | C | A | D | A | N/A | N/A | D | A | C | A | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | C | A | C | A | PRVAAPPR2502 | Appraiser is currently on an exclusionary list | No | Appraisal submitted with supervisory appraiser - Please have XXX added to Fraud report participant list with any alerts satisfied. | 3-4-25 Client uploaded fraud report. | 3-5-25 Clayton reviewed report. Exception satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 4 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $19,447.03, 4.26 months; no reserves required CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 788 and 660 is minimum |
| 82973 | XXXX | NY | (No Data) | ATR/QM: Exempt | D | A | C | A | D | A | N/A | N/A | D | A | C | A | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR100 | Missing Appraisal | No | Missing appraisal with supporting forms including 1007 supporting value of at least XXX | 3-3-25 Client uploaded appraisal. | 3-3-25 Clayton reviewed appraisal with value of XXX. Exception satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 4 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $19,447.03, 4.26 months; no reserves required CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 788 and 660 is minimum |
| 82973 | XXXX | NY | (No Data) | ATR/QM: Exempt | D | A | C | A | D | A | N/A | N/A | D | A | C | A | D | A | N/A | N/A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing updated valuation to support appraised value. | 3-3-25 Client uploaded UCDP reports. | 3-3-25 Clayton reviewed UCDP reports which support use as updated valuation. Exception satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for 4 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $19,447.03, 4.26 months; no reserves required CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 788 and 660 is minimum |
| 82974 | XXXX | CT | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 725 mid-score per CBR. 700 minimum. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 45 months of 0x30 consumer credit history per CBR. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 41.67 months of reserves in file. 6 months required. | |||||||||||||||
| 82976 | XXXX | CA | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL1819 | Estimated HUD-1 in File, Missing Final HUD-1 | No | Please provide Final HUD-1. | 2-19-25 Client uploaded Final HUD. | 2-19-25 Clayton reviewed and updated data points. Exception satisfied. | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $106,565, 12.78 months; 6 months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 758 and minimum is 700 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has no late payments on mortgages with over 5 years history. |
| 82976 | XXXX | CA | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Terms/Guidelines | Active | B | B | B | B | CRDTER4631 | Loan parameters do not meet guidelines | No | Loan is not eligible for cash out because part of the proceeds are paying off a Line of Credit, see 1.4.1.3 (Page 26). The second lien being paid off is a line of credit secured by the subject property.Clayton considers this non material as the borrower has excellent credit with no mortgage lates in over 5 years with credit score of 758 and over 12 months reserves. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $106,565, 12.78 months; 6 months required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 758 and minimum is 700 CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has no late payments on mortgages with over 5 years history. |
| 83213 | XXXX | SC | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH2662 | Number of mortgaged properties exceeds guideline limit | No | Borrower has #XXXX loans they are refinancing exceeding max #4 allowed with XXX | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 75% is below max LTV of 80%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x37. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $320,523.90. CTC $5,672 leaves reserves of $314,851.88 or 108.89 mos. |
| 83214 | XXXX | SC | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | C | B | C | B | CRDCRMH2662 | Number of mortgaged properties exceeds guideline limit | No | Per guidelines, maximum loan for lender is 4. Per information provided in credit file, Borrower is refinancing XXXX loans with lender. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 37 months when 12 months are required. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 739 qualifying score. Min required per guidelines is 725. |
| 83215 | XXXX | SC | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH2662 | Number of mortgaged properties exceeds guideline limit | No | Borrower has #XXXX loans they are refinancing exceeding max #4 allowed with XXX | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has mortgage payment history 0x30 since XXX CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 739 exceeds guidelines 700. |
| 83216 | XXXX | SC | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Satisfied | C | A | C | A | CRDCRMH148 | Credit report stale dated at closing | No | Credit report, dated XXX, exceeds 90 days as required by guidelines. | 03/04/2025 lender provided Credit Report, dated XXX. | 03/04/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 37 months when 12 months are required. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 739 qualifying score. Min required per guidelines is 725. |
| 83216 | XXXX | SC | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH2662 | Number of mortgaged properties exceeds guideline limit | No | Per guidelines, maximum number of loans with lender is 4. Per documentation, provided in credit file, borrower is refinancing XXXX loans with lender. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 37 months when 12 months are required. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 739 qualifying score. Min required per guidelines is 725. |
| 83218 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 691 qualifying score. Min required per guidelines is 675. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $136,105.55 or 92 months PITIA, guidelines required 0 months PITIA. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 21 months when 12 months are required. | |||||||||||||||
| 83220 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing updated valuation supporting appraisal value. | 02/24/2025 lender provided Desk Review Report | 02/24/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 689 exceeds guidelines 625. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 3 years. |
| 83221 | XXXX | PA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $98,056.90 or 96.39 months PITI; guidelines do not require Reserves. | |||||||||||||||
| 83222 | XXXX | PA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV below guideline requirements | |||||||||||||||
| 83223 | XXXX | OH | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | Missing final signed and notarized Mortgage. Copy in file was not executed. | 02/10/2025 lender provided Closing Package including Signed Mortgage and Notary 02/19/2025 lender provided Signed and Notarized Open-End Mortgage | 02/10/2025 Clayton response: Closing Package provided does not include executed and notarized Open-End Mortgage, Assignment of Rents and Security Agreement. Exception remains.02/19/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x21. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 742 exceeds min score requirement of 725. |
| 83223 | XXXX | OH | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL2864 | Copy of Mortgage/Deed in file is incomplete | No | Provide Borrower signed Mortgage to include completed Notary. | 02/10/2025 lender provided Closing Package including Signed Mortgage and Notary02/19/2025 lender provided Signed and Notarized Open-End Mortgage | 02/10/2025 Clayton response: Closing Package provided does not include executed and notarized Open-End Mortgage, Assignment of Rents and Security Agreement. Exception remains.02/19/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x21. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 742 exceeds min score requirement of 725. |
| 83223 | XXXX | OH | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL806 | Notary Status is missing | No | Provide Borrower signed Mortgage to include completed Notary. | 02/10/2025 lender provided Closing Package including Signed Mortgage and Notary02/19/2025 lender provided Signed and Notarized Open-End Mortgage | 02/10/2025 Clayton response: Closing Package provided does not include executed and notarized Open-End Mortgage, Assignment of Rents and Security Agreement. Exception remains.02/19/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x21. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 742 exceeds min score requirement of 725. |
| 83224 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 45.83%; max allowed per guidelines is 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 689 qualifying score. Min required per guidelines is 675. | |||||||||||||||
| 83225 | XXXX | NY | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 741 qualifying score. Min required per guidelines is 725. CFCFS3834: Borrower does not have any major mortgage related occurrences during the past two years - Clayton Comments: VOM shows no mortgage late payments | |||||||||||||||
| 83229 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total reserves verified $139,050.27 or 43.82 mos. | |||||||||||||||
| 83230 | XXXX | OH | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3028 | LTV Exceeds Guideline Requirement by 10% or more | No | LTV of 75% exceeds max LTV of 65% for DSCR score <1.0. Lender exception approval provided. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 694 exceeds min score requirement of 675. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x94. |
| 83233 | XXXX | NY | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Application | Satisfied | D | A | D | A | CRDAPP130 | Application is incomplete | No | Final 1003 reflects borrower as a XXX; however, SSN states "Valid For Work Only With DHS Authorization". Borrower also has a XXX. Please confirm, document and correct as needed. | 03/14/2025 lender provided Corrected 1003 | 03/14/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 55.20% is below max LTV of 65%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 698 exceeds min score requirement of 675. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at current residence for over 10 years. |
| 83233 | XXXX | NY | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower only has 2 open tradelines less than 24 mos. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 55.20% is below max LTV of 65%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 698 exceeds min score requirement of 675. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at current residence for over 10 years. |
| 83233 | XXXX | NY | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Insurance | Satisfied | D | A | D | A | CRDINSR3792 | Insurance policy missing Rent Loss/Business Interruption coverage | No | Missing Rent Loss coverage on Hazard Insurance policy. | 03/14/2025 lender provided Insurance Binder reflecting Rental Property Protection Plus as rental coverage | 03/14/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 55.20% is below max LTV of 65%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 698 exceeds min score requirement of 675. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at current residence for over 10 years. |
| 83234 | XXXX | FL | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV5736 | LTV Exceeds Guideline Requirement by less than 5% | No | LTV of 68.67% exceeds max LTV of 65% for a No Ratio DSCR. Lender exception approval provided for up to a 70% LTV. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $19,444.74. XXXX $13,333.06 leaves reserves of $6,111.68 or 1.22 mos. |
| 83235 | XXXX | NY | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at current residence for over 22 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x99. | |||||||||||||||
| 83236 | XXXX | GA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 2 years 8 months. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is 0 x 30 for 29 months when 12 months are required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 704 qualifying score. Min required per guidelines is 700. CFCFS1737: LTV below guideline requirements - Clayton Comments: Loan approved at 52% LTV, max 75% | |||||||||||||||
| 83238 | XXXX | NJ | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | DTI | Satisfied | C | A | C | A | CRDDTI187 | Debt Ratio > 50% | No | DTI of 88.99% exceeds max DTI of 50%. Lender excluded new mtg pymt of XXX for 2nd mtg obtained on XXX. Labeled as a refi (funds used for closing); however there is a 1st mtg that was not paid off also included in DTI. | 03/18/2025 lender provided Updated ULAW & Approval and Updated ULAW reflecting changing to DSCR | 03/18/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 677 exceeds min score requirement of 675. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x33. |
| 83238 | XXXX | NJ | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC2408 | Income verification does not meet guidelines | No | Missing 2023 P&L stmt as per condition #4611 | 03/18/2025 lender provided Updated ULAW & Approval and Updated ULAW reflecting changing to DSCR | 03/18/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 677 exceeds min score requirement of 675. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x33. |
| 83240 | XXXX | NY | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Assets | Waived | B | B | B | B | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | Reserves $3815.93 or 0.68 months. Required Reserves 6 months. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current occupied residence for 7 years and 8 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 760 qualifying score. Min required per guidelines is 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Rental payment history is for 24 months when 12 months are required. |
| 83242 | XXXX | NY | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have been at current residence for over 6 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 757 exceeds min score requirement of 750. | |||||||||||||||
| 83244 | XXXX | CA | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH104 | Credit score below guidelines | No | Credit score of 699 does not meet minimum score of loan amount XXX. Lender provided an exception. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 23 years and 9 months. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX with XXX for 10 years and 7 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 53%; max allowed per guidelines is 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 92 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $2,236,014.37 or 90.89 months PITI, guidelines required 0 months PITI. |
| 83244 | XXXX | CA | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | DTI | Waived | B | B | B | B | CRDDTI187 | Debt Ratio > 50% | No | DTI of 51.16% exceeds the maximum DTI of 50%. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 23 years and 9 months. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX with XXX for 10 years and 7 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 53%; max allowed per guidelines is 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 92 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $2,236,014.37 or 90.89 months PITI, guidelines required 0 months PITI. |
| 83245 | XXXX | CA | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC2408 | Income verification does not meet guidelines | No | Missing December 2024 Bank stmt used in income analysis review. Additional conditions may apply upon review. | 02/19/2025 lender provided Dec 2024 Bank Statement | 02/19/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 720 exceeds min score requirement of 700. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $17,385.09. CTC $7,300.36 leaves reserves of $10,084.73 or 6.75 mos CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x47. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been a XXX owner for over 20 years. |
| 83249 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score exceeds 600 CFCFS1737: LTV below guideline requirements - Clayton Comments: Below 80% CFCFS2854: Significant time in profession - Clayton Comments: In the profession for 21 years CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is 0 x 30 for 59 months when 12 months are required. | |||||||||||||||
| 83250 | XXXX | NY | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $1,349,509.41 or 260.49 months PITIA, guidelines required zero months PITIA. | |||||||||||||||
| 83254 | XXXX | NY | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | N/A | N/A | C | A | C | A | A | A | N/A | N/A | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR289 | Insufficient Hazard Insurance Coverage | No | Missing verification that the insurance coverage matches the full insurable value of the collateral and the insurance coverage of XXX is less than the loan amount of XXX | 02/26/2025 lender provided RCE | 02/26/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Rental payment history is 0 x 30 for 78 months when 12 months are required. CFCFS2860: Good credit history - Clayton Comments: Credit history paid as agreed with zero default. CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 6 years |
| 83256 | XXXX | NY | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x58. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 736 exceeds min score requirement of 725. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 10 years 8 months. | |||||||||||||||
| 83257 | XXXX | GA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 711 qualifying score. Min required per guidelines is 700. CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 15 years 1 month. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x31. | |||||||||||||||
| 83259 | XXXX | IN | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 693 exceeds guidelines 675. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $60,266 exceed guidelines $0. | |||||||||||||||
| 83261 | XXXX | IL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is below max LTV of 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 694 exceeds min score requirement of 675. | |||||||||||||||
| 83262 | XXXX | AZ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x40. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 763 exceeds min score requirement of 750. | |||||||||||||||
| 83263 | XXXX | WA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 10 years and 1 month. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX with XXX for 11 years and 8 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 658 qualifying score. Min required per guidelines is 650. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 25 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $671,761.19 or 124.74 months PITI, guidelines required 0 months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 46.42%, max per guidelines is 50%. | |||||||||||||||
| 83265 | XXXX | CT | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided in current rental occupied residence for 15 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 745 qualifying score. Min required per guidelines is 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $48,918.11 or 16 months PITI, guidelines required XX months PITI. | |||||||||||||||
| 83269 | XXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score 810 exceeds min credit score of 750. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x57. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified assets/reserves $30,498.83 or 14.59 mos, none required. | |||||||||||||||
| 83270 | XXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x57. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 810 exceeds min score requirement of 750 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified assets $29,094.66 Funds to close $1,115.45 = post-closing reserves $27,979.21 or 13.32 mos, none required | |||||||||||||||
| 83271 | XXXX | HI | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 804 exceeds min score requirement of 750. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x58. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 20.59% is below max DTI of 50% | |||||||||||||||
| 83273 | XXXX | GA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has mortgage payment history 0x30 since 5/2010. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 53.33% is below guideline requirements of 75%. | |||||||||||||||
| 83274 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Credit | DTI | Satisfied | D | A | D | A | CRDDTI2540 | Missing verification of some or all components of non-subject PITI | No | Missing verification of PITIA of $XXXXfor REO on XXX as stated on the final 1003. | 04/02/2025 lender provided PITI for REO | 04/02/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 791 exceeds guidelines 700. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $1,651,928 exceed guidelines $0. |
| 83274 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER110 | Loan amount exceeds guideline maximum | No | Loan amount XXX exceeds the maximum of XXX. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 791 exceeds guidelines 700. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $1,651,928 exceed guidelines $0. |
| 83274 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4631 | Loan parameters do not meet guidelines | No | Waiver of escrows does not meet the maximum loan amount requirement of XXX. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 791 exceeds guidelines 700. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $1,651,928 exceed guidelines $0. |
| 83275 | XXXX | NY | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower only has 1 open tradeline | 3/10/25- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 765 exceeds min score requirement of 750. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 65% is below max LTV of 80%. |
| 83276 | XXXX | TX | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 693 exceeds guidelines 625. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 65% is below guideline requirements of 75%. | |||||||||||||||
| 83277 | XXXX | VA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has owned primary residence for 8 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 715 exceeds guidelines 650. | |||||||||||||||
| 83278 | XXXX | FL | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV 75% exceeds the maximum of 70% for DSCR < 1.0%. Lender approval in file. | client acknowledged exceptionFinal grade B | Final grade B | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $15,242 exceed guidelines $0. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 682 qualifying score. Min required per guidelines is 675. |
| 83279 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: Below 70% CFCFS1736: Significant time at current residence - Clayton Comments: 30 years in primary | |||||||||||||||
| 83280 | XXXX | NY | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 706 exceeds min score requirement of 700. | |||||||||||||||
| 83283 | XXXX | KY | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower only has 1 open tradelines | 3/21/25- Client acknowledged the exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 716 exceeds min score requirement of 700. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at primary residence for over 19 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $253,595.78. CTC $140,792.34 leaves reserves of $112,803.44 or 32.27 mos. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 27.82% is below max DTI of 50%. |
| 83283 | XXXX | KY | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | Income/Employment | Waived | C | B | C | B | CRDINC2488 | Verbal verification of employment missing | No | Missing CPA letter and/or business licenses and search for each business for XXX verification. | 3/21/25- Client responded- Per Sec IX (after Sec 5.21) the tax returns themselves serve as proof of XXXClayton response- Quoting the same GL per Sec IX (after Sec 5.21) two (2) years are required. File only contained 1 year of tax returns for both business and personal. Provided one of the following 1. Copy of the business license covering the current business year as of the date of the application. 2. Copy of the Articles of Incorporation, Operating Agreement, or Partnership Agreement with recorded filing date. 3. Tax Preparers Letter: Letter must be on tax preparer's letterhead; Tax preparers license verification, from municipal, state or federal licensing boards or proof of their business existence; and Signed letter from the borrower's tax preparer explaining: (i) tax preparer's relationship to the business; (ii) personal knowledge of the length of time the business has been in existence; and (iii) percentage of borrowers ownership in the business entity. 4. Two (2) years of business tax returns in the form of 1065, 1120 or 1120S and corresponding Schedule K1 (if applicable). 5. Two (2) years of business tax returns in the form of 1040 and corresponding Schedule C. Exception remains. 5/6/25- client responded- Sec 5.24 allows for a 1-year tax return option for XXX borrowers, the overall 2-year requirement has been removed from most recent guidelines dated XXX.Clayton response- Exception remains. Note date XXX which was prior to effective date of the new Seller guidelines XXX. Previous GL required 2 years documentation05/07/20325 client response: Updated ULAW with comp factor uploaded05/17/2025 Clayton response: Upon further review by Clayton Sr Underwriter, exception considered non-material; Final Grade B. Comp Factors for TI, Credit Score, Reserves and time at current address.05/20/2025 client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 716 exceeds min score requirement of 700. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at primary residence for over 19 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $253,595.78. CTC $140,792.34 leaves reserves of $112,803.44 or 32.27 mos. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 27.82% is below max DTI of 50%. |
| 83284 | XXXX | GA | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has 1 open/active tradeline; Guidelines require Borrower to have 3 open/active tradelines. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: 3 years and 0 months at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 687 qualifying score. Min required per guidelines is 675. CFCFS1737: LTV below guideline requirements - Clayton Comments: Max LTV75% File LTV 40.60% |
| 83285 | XXXX | CT | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR5353 | Insurance Expiration date is prior than the transaction date | No | Provide updated Master Hazard insurance policy. Current one expired XXX. Note date XXX. | 02/20/2025 lender response: Condo Master Policy uploaded reflecting effective date of XXX | 02/20/2025 exception satisfied | Not Applicable | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 69.99% is below max LTV of 80% CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x53. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 785 exceeds min score requirement of 750. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at current residence for over 28 years. |
| 83286 | XXXX | IL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 669 qualifying score. Min required per guidelines is 650. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $80,518.93 or 22.83 months PITI, guidelines required 0 months PITI. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage and rental payment history is for 43 months when 12 months are required. | |||||||||||||||
| 83287 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x40. CFCFS2860: Good credit history - Clayton Comments: Good credit history 1x30x166. | |||||||||||||||
| 83288 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has owned primary residence for 14 years. | |||||||||||||||
| 83290 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Exceeds 700 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Exceeds 12 months | |||||||||||||||
| 83291 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 12 years. | |||||||||||||||
| 83294 | XXXX | NJ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 5 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 69.29%; max allowed per guidelines is 75%. | |||||||||||||||
| 83295 | XXXX | NV | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $112,050.43, none required. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 66.20; max allowed per guidelines is 80%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is 0 x 30 for 33 months when 12 months are required. | |||||||||||||||
| 83296 | XXXX | NY | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 14 years and 2 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 706 qualifying score. Min required per guidelines is 700. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 99 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $163,289.68 or 27.13 months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 83297 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 10 years CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 42.86%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 771 qualifying score. Min required per guidelines is 750. | |||||||||||||||
| 83299 | XXXX | NV | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 60% is below max LTV of 70%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $1,207,870.46. Required reserves $0. | |||||||||||||||
| 83300 | XXXX | HI | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 803 exceeds min score requirement of 750 CFCFS2860: Good credit history - Clayton Comments: Good credit history 0X30X201. | |||||||||||||||
| 83301 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $306,496.31. CTC $283,763.73 leaves reserves of $22,732.58 or 6.54 mos. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 35.36% is below max LTV of 70%. | |||||||||||||||
| 83303 | XXXX | TN | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 3 years 8 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 60%; max allowed per guidelines is 70%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 669 qualifying score. Min required per guidelines is 650. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is 0 x 30 for 31 months when 12 months are required. | |||||||||||||||
| 83304 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x99. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 18.76% is below max DTI of 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 716 exceeds min score requirement of 700. | |||||||||||||||
| 83305 | XXXX | FL | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower does not meet the minimum credit requirements of 3 open tradelines greater than 24 months. | client acknowledged exceptionFinal grade B | Final grade B | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $48,203 exceed guidelines $0. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 723 qualifying score. Min required per guidelines is 700. |
| 83307 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | B | D | B | C | B | N/A | N/A | D | B | D | B | C | B | N/A | N/A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL4033 | Missing Legal Document(s) | No | The leasehold documents for the property are missing. | 03/26/2025 lender provided Leasehold documents | 03/26/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Co-Borrower has resided in current owner occupied residence for 6 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%; max allowed per guidelines is 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 48 months when 12 months are required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 758 qualifying score. Min required per guidelines is 750. CFCFS1746: Significant housing expense reduction - Clayton Comments: Mortgage payment reduction from interest only of $10,118.70 to $9,580.61. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $158,919 or 16.59 months PITI, guidelines required 0 months PITI. |
| 83307 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | B | D | B | C | B | N/A | N/A | D | B | D | B | C | B | N/A | N/A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER3262 | Property issues indicated | No | Per appraisal, subject property was listed XXX and is currently temp off market as of XXX. Per guidelines, if the subject property has been listed in the last 6 months from the date of funding, the transaction is ineligible. Lender provided an exception. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Co-Borrower has resided in current owner occupied residence for 6 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%; max allowed per guidelines is 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 48 months when 12 months are required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 758 qualifying score. Min required per guidelines is 750. CFCFS1746: Significant housing expense reduction - Clayton Comments: Mortgage payment reduction from interest only of $10,118.70 to $9,580.61. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $158,919 or 16.59 months PITI, guidelines required 0 months PITI. |
| 83307 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | B | D | B | C | B | N/A | N/A | D | B | D | B | C | B | N/A | N/A | Property Valuations | Property | Waived | B | B | B | B | PRVAPROP177 | Property Issues Indicated | No | Per guidelines, lender will not lend against Leasehold properties. Lender provided an exception. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Co-Borrower has resided in current owner occupied residence for 6 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%; max allowed per guidelines is 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 48 months when 12 months are required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 758 qualifying score. Min required per guidelines is 750. CFCFS1746: Significant housing expense reduction - Clayton Comments: Mortgage payment reduction from interest only of $10,118.70 to $9,580.61. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $158,919 or 16.59 months PITI, guidelines required 0 months PITI. |
| 83307 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | B | D | B | C | B | N/A | N/A | D | B | D | B | C | B | N/A | N/A | Property Valuations | Property | Waived | B | B | B | B | PRVAPROP2674 | Property Issues Indicated 2 | No | Per appraisal, property is vacant. Guidelines state lender does not originate loans where the subject property is vacant on refinances. Lender provided an exception. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Co-Borrower has resided in current owner occupied residence for 6 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%; max allowed per guidelines is 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 48 months when 12 months are required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 758 qualifying score. Min required per guidelines is 750. CFCFS1746: Significant housing expense reduction - Clayton Comments: Mortgage payment reduction from interest only of $10,118.70 to $9,580.61. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $158,919 or 16.59 months PITI, guidelines required 0 months PITI. |
| 83307 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | B | D | B | C | B | N/A | N/A | D | B | D | B | C | B | N/A | N/A | Property Valuations | Value | Satisfied | C | A | C | B | PRVAVALU5249 | Property Value Not Supported | No | Property value not supported by desk review. Field review supports. | (No Data) | (No Data) | Not Applicable | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Co-Borrower has resided in current owner occupied residence for 6 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%; max allowed per guidelines is 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 48 months when 12 months are required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 758 qualifying score. Min required per guidelines is 750. CFCFS1746: Significant housing expense reduction - Clayton Comments: Mortgage payment reduction from interest only of $10,118.70 to $9,580.61. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $158,919 or 16.59 months PITI, guidelines required 0 months PITI. |
| 83310 | XXXX | NJ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has owned primary residence for 8 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 65% is below guideline requirements of 70%. | |||||||||||||||
| 83311 | XXXX | CA | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR289 | Insufficient Hazard Insurance Coverage | No | Missing verification that the hazard insurance coverage matches the maximum insurable value of the collateral property and the combined coverage amount is less than the loan amount. | 03/24/2025 lender response: RCE for both structures uploaded03/242025 Clayton response: RCE was not received. Please upload again.03/25/2025 lender provided RCE for both structures | 03/25/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 732 qualifying score. Min required per guidelines is 725. CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 5 years |
| 83311 | XXXX | CA | (No Data) | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV 70% exceeds max of 65% for Cash Out Refinance at subject Loan Amount. Lender exception in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 732 qualifying score. Min required per guidelines is 725. CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 5 years |
| 83312 | XXXX | NJ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x99. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 729 exceeds min score requirement of 725. | |||||||||||||||
| 83313 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 52.76%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 797 qualifying score. Min required per guidelines is 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 99 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified and stated cash reserves $$351,635.25 or 58.80 months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 83315 | XXXX | GA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 9 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 761 exceeds min score requirement of 750 CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 67.94% is below max LTV of 75%. | |||||||||||||||
| 83317 | XXXX | MD | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 3 years 6 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 709 qualifying score. Min required per guidelines is 700. CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been XXX since 2015 | |||||||||||||||
| 83318 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x96. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 762 exceeds min score requirement of 750. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 58.40% is below max LTV of 70%. | |||||||||||||||
| 83319 | XXXX | NC | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 732 exceeds guidelines 650. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 75% is below guideline requirements of 80%. CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned primary residence for 8 years. | |||||||||||||||
| 83320 | XXXX | FL | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has 2 open/active tradelines; 3 open active tradelines are required. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%; max allowed per guidelines is 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: VOM shows good payment history |
| 83321 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current occupied residence for 31 years and 9 months.Co-Borrower has resided in current occupied residence for 27 years and 9 months. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX with XXX for 7 years and 1 month. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has been XXX with XXX for 7 years and 1 month. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 51.80%; max allowed per guidelines is 80% CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 29 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $49,342.43 or 7.06 months PITI, guidelines required 0 months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 26.29%, max per guidelines is 50%. | |||||||||||||||
| 83322 | XXXX | FL | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 59%; max allowed per guidelines is 65%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 695 qualifying score. Min required per guidelines is 675. CFCFS2860: Good credit history - Clayton Comments: No derogatory trades in the past 2 years | |||||||||||||||
| 83323 | XXXX | AZ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 16 months when 12 months are required. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 680 qualifying score. Min required per guidelines is 675. | |||||||||||||||
| 83325 | XXXX | HI | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided in current owner occupied residence for 4 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: LTV is 60%; max allowed per guidelines is 70%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 802 qualifying score. Min required per guidelines is 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 99 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $135,468.74 or 51.32 months PITIA, guidelines required 0 months PITIA. | |||||||||||||||
| 83326 | XXXX | NV | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV 70% exceeds the maximum of 65% for No Ratio program. DSCR 0.7620% is below minimum of 0.80% to allow LTV 70%. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned primary residence for 18 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 761 exceeds guidelines 650. |
| 83328 | XXXX | NY | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV 80% is greater than the maximum allowed of 75% with credit score 657. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned primary residence for 3 years and 0x30 mortgage history. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 657 qualifying score. Min required per guidelines is 650. |
| 83331 | XXXX | HI | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: 7 years and 0 months at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 663 qualifying score. Min required per guidelines is 650. | |||||||||||||||
| 83332 | XXXX | NJ | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH104 | Credit score below guidelines | No | Credit score of 697 does not meet the requirement of 700 for ITIN. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 2 years and 2 months. |
| 83332 | XXXX | NJ | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | Per guidelines, 12 months history is required. The credit report reflects 1 month. Credit file and credit report does not verify prior mortgage to Selene Finance as reflected on Fraud Report, for primary residence. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 2 years and 2 months. |
| 83332 | XXXX | NJ | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | Per guidelines, maximum LTV for DSCR <1.00 is 70%. Subject transaction LTV is 75%. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 2 years and 2 months. |
| 83333 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 6 years and 7 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%; max allowed per guidelines is 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 731 qualifying score. Min required per guidelines is 725. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 36 months when 12 months are required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $415,705.51 or 122.14 months PITI, guidelines required 0 months PITI. | |||||||||||||||
| 83334 | XXXX | FL | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing | No | Missing proof of XXX | 02/24/2025 lender provided Verification of Employment | 02/24/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x41. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 772 exceeds min score requirement of 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $123,459.67. CTC $93,323.38 leaves reserves of $30,136.29 or 11.38 mos. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 40.99% is below max DTI of 50%. |
| 83335 | XXXX | AZ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX since 2/2/2013 (12 years). CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 692 exceeds min score requirement of 675. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x14. | |||||||||||||||
| 83336 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $3,453.62. Required reserves $0 | |||||||||||||||
| 83338 | XXXX | FL | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | Max LTV for Rural location Purchase is 65%; Subject LTV is 74.99%. Lender exception is in the file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $93,558.49, none required. |
| 83339 | XXXX | CO | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been at the same job for 6 years CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 8 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing reserves $308,570.34, none required. | |||||||||||||||
| 83341 | XXXX | NC | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 4 years and 2 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 696 qualifying score. Min required per guidelines is 675. | |||||||||||||||
| 83344 | XXXX | NC | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 24.69% is below guideline requirements of 65%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 782 exceeds guidelines 750. | |||||||||||||||
| 83345 | XXXX | MI | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 791 qualifying score. Min required per guidelines is 750. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has owned primary residence for 40 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower has mortgage payment history 0x30 since 4/2016. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 55.82% is below guideline requirements of 65%. | |||||||||||||||
| 83346 | XXXX | MD | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at primary residence for over 14 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 681 exceeds min score requirement of 675. | |||||||||||||||
| 83347 | XXXX | HI | (No Data) | ATR/QM: Exempt | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR101 | Appraisal incomplete (missing map, layout, pages, etc) | No | Missing complete 1073 Appraisal report. | 03/05/2025 lender provided Appraisal | 03/05/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Assets verified at $391,954.29 less cash from borrower $272,559.51 equals $119,394.78 or 20.53 months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 712 qualifying score. Min required per guidelines is 700. |
| 83348 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x49. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 699 exceeds min score requirement of 675. | |||||||||||||||
| 83349 | XXXX | HI | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower only has 2 open tradelines. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at primary residence for over 10 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 791 exceeds min score requirement of 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $747,164.71. CTC $167,653.81 leaves reserves of $579,510.90 or 118.48 mos |
| 83349 | XXXX | HI | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV of 75% exceeds max LTV of70% for STR. Lender exception provided | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at primary residence for over 10 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 791 exceeds min score requirement of 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $747,164.71. CTC $167,653.81 leaves reserves of $579,510.90 or 118.48 mos |
| 83350 | XXXX | CA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 783 exceeds min score requirement of 750. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x29. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $302,334.74. CTC $248,186.81 leaves reserves of $54,147.93 or 13.08 mos. | |||||||||||||||
| 83358 | XXXX | CA | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower 1 is XXX and Borrower 2 does not meet the minimum credit requirements of 3 open tradelines greater than 24 months. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $76,585 exceed guidelines $0. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 55% is below guideline requirements of 75%. |
| 83360 | XXXX | AZ | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH2662 | Number of mortgaged properties exceeds guideline limit | No | With subject loan, this will be the XXXXth loan by this Borrower with this lender. Guidelines max is 4 open loans. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: B1 has mortgage payment history 0x30 since 6/2018. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 705 exceeds guidelines 600. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 49.68% is below guideline requirements of 60%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 7 years. |
| 83361 | XXXX | GA | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 47.92% is below guideline requirements of 70%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current residence for 2 years 6 months. | |||||||||||||||
| 83363 | XXXX | NJ | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 55% is below guideline requirements of 65%. CFCFS1736: Significant time at current residence - Clayton Comments: B1 has lived at current residence for 10 years. | |||||||||||||||
| 83366 | XXXX | CA | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV5736 | LTV Exceeds Guideline Requirement by less than 5% | No | Per guidelines for DSCR <1, for refi, maximum LTV is 65%. Subject transaction is 66.70% LTV and less than <1, using rent schedule, the lower of the 2 . | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 784 qualifying score. Min required per guidelines is 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 22 months when 12 months are required. |
| 83367 | XXXX | FL | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV of 75% exceeds max LTV of 65% for a No Ratio loan. Lender exception approval provided. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 798 exceeds min score requirement of 750. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Credit report with a mortgage rating of 0x30x52 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $367,685. CTC $150,855.56 leaves reserves of $116,829.44 or 28.69 mos. |
| 83368 | XXXX | HI | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 16 years 10 months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $4,856.83. Required reserves $0. | |||||||||||||||
| 84093 | XXXX | FL | (No Data) | ATR/QM: Exempt | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Compliance | Documentation | Waived | B | B | B | B | CMPDOC5556 | Note P&I doesn't equal XXXXs calculated P&I; payment schedule inaccuracy | No | Note in file is a 30 year fixed rate fully amortized note in nature but the required payment is only sufficient to pay the interest and no principal. The loan was approved as an interest-only loan but the note states that the payments cover P&I even though the pymt amount is not sufficient. Note P&I: XXX- Calc P&I: XXX | client acknowledged exception | Final grade B | Not Applicable | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Documented assets $185,018.41 funds to close $157,523.64 = Post-closing reserves $27,494.77, none required. |
| 84188 | XXXX | CA | (No Data) | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Assets | Satisfied | D | A | D | A | CRDAST2354 | Asset Verification In File is Incomplete Per Requirements | No | The Gift Letter from son associated with the $XXXX wire receipt of funds dated XXX is not in the loan file. | 05/27/2025 lender provided Gift Wire Receipt | 05/27/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 50% is below max LTV of 75%. |
| 82977 | XXXX | TN | (No Data) | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | CFCFS1736: Significant time at current residence - Clayton Comments: 4 years living at primary residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 734 mid-score per CBR. 700 minimum. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 41 months of 0x30 consumer credit history per CBR. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: 118 months of 0x30 mortgage history per CBR. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: 42.43 months of reserves in file. 6 months required. | |||||||||||||||
| 83369 | XXXX | TX | (No Data) | ATR/QM: Exempt | C | A | C | A | A | A | N/A | N/A | C | A | C | A | A | A | N/A | N/A | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR289 | Insufficient Hazard Insurance Coverage | No | No documentation in file of the insurance providers estimated cost to rebuild and the insurance coverage amount is less than the loan amount. | 01/30/2025 Lender provided: RCE uploaded01/30/2025 Clayton response: RCE reviewed and Reconstruction Cost is XXX. Dwelling coverage on Hazard Insurance Policy is XXX. Exception remains for Insufficient Hazard Insurance Coverage.02/26/2025 Lender response: Forced Placed Hazard Insurance uploaded02/26/2025 Clayton response: Forced Placed Hazard Insurance Coverage is from XXX XXX. Provide acceptable Hazard Insurance Coverage with acceptable dates of coverage. Exception remains.03/03/2025 lender's response: Updated Insurance Declaration page uploaded03/03/2025 Clayton response: Declaration Page indicates coverage of XXX,which is insufficient with RCE of XXX, and policy has been canceled. Exception remains.05/22/2025 lender provided Insurance Declaration Page | 05/22/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: The borrowers have lived at the same residence for 12 years CFCFS2860: Good credit history - Clayton Comments: The borrowers have good credit history with no recent late payments |
| 83375 | XXXX | SC | (No Data) | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH2662 | Number of mortgaged properties exceeds guideline limit | No | Documentation in file shows that the borrower now has XXXX mortgage loans with XXX, a maximum of 4 loans to one borrower is permitted. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 7 years CFCFS1739: Postive mortgage payment history - Clayton Comments: Good mortgage payment history |
| 60508 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | D | A | C | B | D | B | D | A | D | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID4056 | TRID - CD: The Total Payment Amount on the Loan Calculation section of the Final Closing Disclosure is less than the Clayton Calculated Total Payment Amount | No | The Total of Payments value of XXX disclosed on final CD XXX does not match the review calculation of XXX. The variance of $894 is due to the addition of the Title-Intangible fee on the PCCDs. 130(b) or (c) cure: refund money to borrower in the amount understated, client permission, LOX and redisclosed CD; reopen rescission if the loan is rescindable | 4/25/2022: Lender provided CD XXX and final settlement statement confirming the disbursement date as XXX. After review from Sr. Compliance, the addition of the Intangible Tax in section C after the Consummation CD is causing the discrepancy. Testing for TOP calculation is based on the Pg 5 disclosure at Consummation, that figure cannot be increased after the fact regardless whether it is before disbursement date. Exception remains.4/27/2022: Lender provided LOE, refund check for $894, PCCD XXX, proof of delivery and new ROR form with expiration date of XXX Exception will satisfy after the end of the new rescission period. | 5/2/2022: Exception satisfied. | Numeric | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 66.720%; max allowed per guidelines is 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 694 qualifying score. Min required per guidelines is 675. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 99 months when 24 months are required. |
| 60508 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | D | A | C | B | D | B | D | A | D | A | C | B | Credit | Application | Satisfied | D | A | D | A | CRDAPP4625 | The orig file does not contain a third party fraud report | No | The orig file does not contain a third party fraud report. | 12/17/2021 lender provided XXX Fraud Reporting | 12/17/2021 exception satisfied | Not Applicable | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 66.720%; max allowed per guidelines is 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 694 qualifying score. Min required per guidelines is 675. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 99 months when 24 months are required. |
| 60508 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | D | A | C | B | D | B | D | A | D | A | C | B | Credit | Insurance | Satisfied | C | A | C | A | CRDINSR289 | Insufficient Hazard Insurance Coverage | No | Insufficient Hazard Insurance Coverage. $XXXX referenced amount. XXX loan amount required. | 1.7.2022- Lender provide Florida policy reflecting replacement cost is XXX | 1.7.2022- Exception satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 66.720%; max allowed per guidelines is 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 694 qualifying score. Min required per guidelines is 675. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 99 months when 24 months are required. |
| 60508 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | D | A | C | B | D | B | D | A | D | A | C | B | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR5355 | Most recent FSD score outside of approved variance | No | FSD score of 14 is outside of variance of 10. Clayton ordered Desk Review on behalf of Client | 12/21/2021 CDA Desk Review received from XXXX supporting appraisal value. | 12/21/2021 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 66.720%; max allowed per guidelines is 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 694 qualifying score. Min required per guidelines is 675. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is for 99 months when 24 months are required. |
| 60539 | XXXX | GA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734: Borrower has significant time at current job - Clayton Comments: 4 years at current job. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV MAX: 75% LTV: 65.030% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Assets verified at $28,483.69 plus cash to borrower $2,719.60 equals $31,203.29 or 20.50 months PITIA. No months required due to 65.030% LTV. | |||||||||||||||
| 60595 | XXXX | IL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | D | A | C | B | D | B | A | A | D | A | C | B | Compliance | Right of Rescission | Satisfied | C | B | C | B | CMPROR1911 | Incorrect ROR Form Used - H9 Form Used in Refinance With Different Creditor | No | H9 (increase amount of credit) ROR form used for this NON-lender to lender refinance. H8 (will result in mortgage) was the proper form. | 1/21/2022: Lender re-opened rescission and provided the correct ROR form that expires on XXX. The cure is LOX, TIL or CD, proof of delivery, and correct version of XXX to all entitled to rescind to re-open rescission (2 for each recipient). Within 60 days of discovery. Exception remains.1/31/2022: Lender provided PCCD XXX, correct ROR form (2), LOX and proof of delivery. Exception will satisfy when the new rescission period is over. | 2/3/2022: Exception satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV: 65% MAX LTV: 70% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $13,386.99 or 13.19 months PITIA. Reserves not required due to 65% LTV. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 39.68%, Max 50% |
| 60595 | XXXX | IL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | D | A | C | B | D | B | A | A | D | A | C | B | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR5355 | Most recent FSD score outside of approved variance | No | CA AVM dated XXX with an estimated value of XXX and confidence score of 50. AVM FSD of 50, exceeded max of 10. Desk Review is required. Clayton ordered on behalf of client. | 12/10/2021 VRA Desk Review received from Service 1st supporting appraisal value. | 12/10/2021 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV: 65% MAX LTV: 70% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $13,386.99 or 13.19 months PITIA. Reserves not required due to 65% LTV. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 39.68%, Max 50% |
| 60613 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | B | B | B | D | A | A | A | D | B | B | B | D | A | A | A | Credit | Credit/Mtg History | Active | B | B | B | B | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | Borrowers primary residence is owned F/C, and CBR with no Mortgage history since 1/2018. GL require a 2 year history. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 804, min 750 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets verified at $163,085.69 less cash from borrower $97,950.18 equals $65,135.51 or 27.22 months PITIA. 6 months reserves ($14,356.20) required for LTV > 75%. Total reserves required: $18,468.60 |
| 60613 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | B | B | B | D | A | A | A | D | B | B | B | D | A | A | A | Credit | Credit/Mtg History | Active | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has only 1 open/active tradeline, GL state must have min credit depth of (3) acceptable tradelines aged individually for a min of (2) years for LTVs > 65%. | (No Data) | (No Data) | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 804, min 750 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets verified at $163,085.69 less cash from borrower $97,950.18 equals $65,135.51 or 27.22 months PITIA. 6 months reserves ($14,356.20) required for LTV > 75%. Total reserves required: $18,468.60 |
| 60613 | XXXX | FL | (No Data) | ATR/QM: Exempt | D | B | B | B | D | A | A | A | D | B | B | B | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR3116 | Missing updated valuation | No | Missing updated valuation supporting appraised value. Clayton ordered on behalf of client. | 1/31/2022- XXX AVM support appraised value. | 1/31/2022- Exception satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 804, min 750 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets verified at $163,085.69 less cash from borrower $97,950.18 equals $65,135.51 or 27.22 months PITIA. 6 months reserves ($14,356.20) required for LTV > 75%. Total reserves required: $18,468.60 |
| 83376 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | C | A | A | A | C | A | A | A | C | A | A | A | Property Valuations | FEMA | Satisfied | C | A | C | A | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the (XXX) Fema Disaster- (Hurricane XXX) | 04/16/2025 lender provided PDI Report | 04/16/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 39.13%; max allowed per guidelines is 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 778 qualifying score. Min required per guidelines is 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $989,3644.51 or 58.64 months PITIA, guidelines required 0 months PITIA |
| 83379 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | A | A | A | C | B | C | B | C | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3640 | TRID - CD: Zero tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided | No | Zero tolerance fees increased by $2,157.50 at or prior to closing without a valid reason; insufficient credit of $1,842.60 provided on PCCD XXX. | 1.10.25-Client provided 2 copies of PCCD issued XXX, this PCCD was originally provided & utilized in the original review.Appraisal Fee increased from $850 to $1000 and Transfer Taxes increased from $5500 to $7507.50, total increase of $2157.50.$2157.50 - Cure of $1842.60 = Remaining balance to cure Zero Tol $314.90.1.20.25-Client provided PCCD issued XXX, copy of refund check & tracking information. | 1.10.25-Exception Remains.1.20.25-Exception Satisfied. | Numeric | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: 4 years and 4 months at current residence. CFCFS2854: Significant time in profession - Clayton Comments: 20 years and 0 months in current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 735 qualifying score. Min required per guidelines is 725. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 43.44% |
| 83379 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | A | A | A | C | B | C | B | C | A | A | A | C | B | Credit | Title | Satisfied | C | A | C | A | CRDTIL100 | Potential title issue | No | Title Commitment indicates one open mortgage lien on subject property. Mortgage statements and Credit Report indicates there is an open Note on subject property. PCCD does not indicates the open mortgage was paid in full. Provide Final Title Policy to confirm the only open mortgage lien on subject property is this newly opened mortgage dated XXX. | 01/23/2025 Lender response: Trustee is specifically named on title and also signed the purchase contract. XXX Lending accepts this at face value that she can sign the contract without a separate verification of trust.01/23/2025 Clayton response: lender response did not include the Final Title Policy. Please provided Final Title Policy.03/27/2025 lender provided Final Title Policy | 03/27/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: 4 years and 4 months at current residence. CFCFS2854: Significant time in profession - Clayton Comments: 20 years and 0 months in current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 735 qualifying score. Min required per guidelines is 725. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 43.44% |
| 83380 | XXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS2854: Significant time in profession - Clayton Comments: 16 years and 0 months in current profession. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 19.93% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 743 qualifying score. Min required per guidelines is 725. | |||||||||||||||
| 83381 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 days prior to Closing. | 2.13.25-Client provided Initial CD issued & e-signed on XXX. | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 795 qualifying score. Min required per guidelines is 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Assets verified at $1,562,502.85 less cash from borrower $256,881.25 equals $1,305,621.60 or 176.55 months PITIA. CFCFS1736: Significant time at current residence - Clayton Comments: 2 years and 0 months at current residence. |
| 83381 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 days prior to Closing. | 2.13.25-Client provided Initial CD issued & e-signed on XXX. | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 795 qualifying score. Min required per guidelines is 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Assets verified at $1,562,502.85 less cash from borrower $256,881.25 equals $1,305,621.60 or 176.55 months PITIA. CFCFS1736: Significant time at current residence - Clayton Comments: 2 years and 0 months at current residence. |
| 83383 | XXXX | AL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | C | B | C | B | C | B | A | A | C | B | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3640 | TRID - CD: Zero tolerance fee or fees increased at or prior to closing without a valid reason or the revised LE/CD was not timely disclosed; insufficient credit or refund provided | No | Zero tolerance of $1176.30 due to 920.80 Credit Report fee & $255.50 Transfer Taxes fee increased with no/valid reason in file. Cure of $297.50 applied with a remaining balance due of $878.80. Provide COC reflecting valid reason for the fee changes or PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery. | 2.28.25-Client provided COC XXX stating reason for Credit Report fee increase. | 2.28.25-Exception Satisfied. | Numeric | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been a XXX XXXX for over 5 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 656 exceeds min score requirement of 650. |
| 83383 | XXXX | AL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | C | B | C | B | C | B | A | A | C | B | C | B | Property Valuations | Appraisal | Waived | C | B | C | B | PRVAAPPR151 | Appraisal dated beyond acceptable date range per guidelines | No | Appraisal dated XXX is over 120 days old from Note date XXX. Missing re-cert of value. | 03/26/2025 lender response: Updated ULAW with comp factors uploaded03/26/2025 Clayton response: Upon further review by Clayton Sr Underwriter, exception considered non-material; Final Grade B. Comp Factor for Credit Score and years XXX.03/27/2025 client acknowledged exception | 03/27/2025 Final grade B | (No Data) | Not Applicable | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been a XXX XXXX for over 5 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 656 exceeds min score requirement of 650. |
| 83384 | XXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: 6 years and 0 months at current residence. CFCFS2854: Significant time in profession - Clayton Comments: 7 years and 4 months in current profession CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 677 qualifying score. Min required per guidelines is 675. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 7.44% | |||||||||||||||
| 83387 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 35 years CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been XXX for 40 years CFCFS1737: LTV below guideline requirements - Clayton Comments: Loan approved at 44%LTV, Max is 65% | |||||||||||||||
| 83389 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | C | B | A | A | C | B | B | B | C | B | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower has 2 open/active tradeline accounts; guidelines require 3 open/active tradelines. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS2854: Significant time in profession - Clayton Comments: 25 years and 0 months at current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 703 qualifying score. Min required per guidelines is 700. CFCFS1737: LTV below guideline requirements - Clayton Comments: Max LTV 70% File LTV 26.32% CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 33.28% |
| 83389 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | C | B | A | A | C | B | B | B | C | B | A | A | Property Valuations | FEMA | Waived | C | B | C | B | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the XXX Wildfires and Straight-Line Winds. | 03/12/2025 Client provided XXX fire map reflecting subject property is not located near any fires. | 03/12/2025 Clayton's final grade B due to FEMA declaration including the entire county not just the areas with fires. | (No Data) | Not Applicable | CFCFS2854: Significant time in profession - Clayton Comments: 25 years and 0 months at current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 703 qualifying score. Min required per guidelines is 700. CFCFS1737: LTV below guideline requirements - Clayton Comments: Max LTV 70% File LTV 26.32% CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 33.28% |
| 83392 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER109 | Cash Out Amount Exceeds Guidelines | No | Cash out $6,800.00 for rate and term refinance exceeds the maximum of $5,000.00. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: B1 has mortgage payment history 0x30 since 6/2023. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 705 exceeds guidelines 650. |
| 84197 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been self-employed with XXX for 7 years and 7 months. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; max allowed per guidelines is 80%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 719 qualifying score. Min required per guidelines is 700. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $236,822.18 or 35.83 months PITI, guidelines required 0 months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 16.64%, max per guidelines is 50%. | |||||||||||||||
| 83396 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | C | B | A | A | C | B | A | A | C | B | A | A | Property Valuations | FEMA | Waived | C | B | C | B | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the FEMA Disaster-XXX-Wildfires and Straight-Line Winds. | Client provided XXX fire map reflecting subject property is not located near any fires. | Clayton's final grade B due to FEMA declaration including the entire county not just the areas with fires. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 23 years 3 months. CFCFS2854: Significant time in profession - Clayton Comments: Coborrower has Significant time in profession, 19 years 3 months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $93,116.60. Required reserves $82,102.98. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x84. |
| 83397 | XXXX | HI | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is below max LTV of 90%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at current residence for over 14 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $300,041.53. CTC $196,453.69 leaves reserves of $103,587.84 or 27.88 mos. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 37.83% is below max DTI of 50%. | |||||||||||||||
| 83398 | XXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | A | C | B | B | B | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business day prior to Closing. | 3.6.25-Client provided Initial CD issued XXX & e-signed XXX. | 3.6.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 738 exceeds min score requirement of 725. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at current residence for over 10 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $826,734.82. CTC $325,646.68 leaves reserves of $501,088.14 or 40.43 mos. 12 mos required. |
| 83398 | XXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | A | C | B | B | B | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 business day prior to Closing. | 3.6.25-Client provided Initial CD issued XXX & e-signed XXX. | 3.6.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 738 exceeds min score requirement of 725. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at current residence for over 10 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $826,734.82. CTC $325,646.68 leaves reserves of $501,088.14 or 40.43 mos. 12 mos required. |
| 83398 | XXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | A | C | B | B | B | A | A | C | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER110 | Loan amount exceeds guideline maximum | No | Loan amt of XXX exceeds max allowable of XXX for XXX. Lender exception provided. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 738 exceeds min score requirement of 725. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at current residence for over 10 years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $826,734.82. CTC $325,646.68 leaves reserves of $501,088.14 or 40.43 mos. 12 mos required. |
| 83399 | XXXX | AZ | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Compliance | Right of Rescission | Satisfied | C | B | C | B | CMPROR2330 | ROR - Disbursement date is before end of statutory rescission period | No | ROR Expiration date of XXX; disbursement date per Final CD indicate loan disbursed date of XXX. Borrower did not receive full mandatory rescission period prior to disbursement of funds. | 2.14.25-Client provided Borrower Hardship Letter dated XXX waiving 3 day rescission period. | 2.14.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned subject residence for 21 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 45% is below guideline requirements of 75%. |
| 83399 | XXXX | AZ | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Compliance | Right of Rescission | Waived | B | B | B | B | CMPROR5360 | ROR - Waiver used to fund loan prior to the end of the rescission period | No | Borrower Hardship Letter dated XXX waiving 3 day rescission period. | 2.25.25-Client acknowledged tradeline exception. | 2.24.25-Final Grade B. | Not Applicable | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned subject residence for 21 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 45% is below guideline requirements of 75%. |
| 83399 | XXXX | AZ | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC2408 | Income verification does not meet guidelines | No | Missing bank statements from XXX #XXX for August and September 2024 to complete income calculation. | 03/12/2025 lender provided Bank Statements | 03/12/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned subject residence for 21 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 45% is below guideline requirements of 75%. |
| 83401 | XXXX | GA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 43.76%, max per guidelines is 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 717 exceeds guidelines 700. | |||||||||||||||
| 83403 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing | No | Missing the VVOE for B1 dated within 10 calendar days of Note date XXX. | 04/11/2025 lender response: VVOE uploadedXXX Clayton response: VVOE was not received. Please upload again.04/11/2025 lender provided VVOE. | 04/11/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have owned subject residence for 15 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 53.72% is below guideline requirements of 75%. |
| 83403 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | Provide the Grant Deed conveying property to include Borrower 2 XXX. | 04/11/2025 lender response: Uploading title supp showing she has been added; the actual deed is a function of title. | 04/11/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have owned subject residence for 15 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 53.72% is below guideline requirements of 75%. |
| 83405 | XXXX | VA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 683 exceeds min score requirement of 675. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $136,911.20. Required reserves $26,217.06. | |||||||||||||||
| 83406 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | C | B | D | A | D | B | A | A | C | B | D | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide Initial CD to include proof of receipt 3 business days prior to Closing. | 2.13.25-Client provided Initial CD issued & e-signed XXX. | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 58% is below max LTV of 70%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 721 exceeds min score requirement of 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 35.36% is below max DTI of 50%. |
| 83406 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | C | B | D | A | D | B | A | A | C | B | D | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide Initial CD to include proof of receipt 3 business days prior to Closing. | 2.13.25-Client provided Initial CD issued & e-signed XXX | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 58% is below max LTV of 70%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 721 exceeds min score requirement of 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 35.36% is below max DTI of 50%. |
| 83406 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | C | B | D | A | D | B | A | A | C | B | D | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | D | A | D | A | CMPTRID4579 | TRID - CD: Missing Initial CD | No | Provide Initial CD to include proof of receipt 3 business days prior to Closing. | 2.13.25-Client provided Initial CD issued & e-signed XXX | 2.13.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 58% is below max LTV of 70%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 721 exceeds min score requirement of 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 35.36% is below max DTI of 50%. |
| 83406 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | C | B | D | A | D | B | A | A | C | B | D | A | Property Valuations | FEMA | Waived | C | B | C | B | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the Fema Disaster- XXX-Wildfires and Straight-Line Winds. | 02/19/2025 lender response: PDI Waiver Letter uploaded02/19/2025 Clayton response: PDI Waiver Letter identifies the address of XXX,, , which is not the security address. Exception remains.02/21/2025 Client provided XXX fire map reflecting subject property is not located near any fires. | 02/21/2025 Clayton's final grade B due to FEMA declaration including the entire county not just the areas with fires. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 58% is below max LTV of 70%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 721 exceeds min score requirement of 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 35.36% is below max DTI of 50%. |
| 83407 | XXXX | IN | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC2408 | Income verification does not meet guidelines | No | Provide the bank statement fromXXXX #XXX/#XXX to complete the 12 months required to calculate income. (Feb 2024) | 03/12/2025 lender provided Bank Statements | 03/12/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $111,504 exceed guidelines $29,468. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at current job for 10 years. |
| 83409 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 2.14.25-Client provided Initial CD issued & e-signed XXX | 2.14.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: 2 years and 0 months at current residence. CFCFS2854: Significant time in profession - Clayton Comments: 7 years and 0 months in current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 682 qualifying score. Min required per guidelines is 675. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 45.71% |
| 83409 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 2.14.25-Client provided Initial CD issued & e-signed XXX. | 2.14.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: 2 years and 0 months at current residence. CFCFS2854: Significant time in profession - Clayton Comments: 7 years and 0 months in current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 682 qualifying score. Min required per guidelines is 675. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 45.71% |
| 83411 | XXXX | AZ | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Assets | Waived | B | B | B | B | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | Reserves equals XXXX3 or 6.11 months PITIA. Reserves of 12 months are required. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: 3 years and 6 months at current residence. CFCFS2854: Significant time in profession - Clayton Comments: 9 years and 3 months at current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 685 qualifying score. Min required per guidelines is 675. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 43% File 29.83% |
| 83412 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Assets | Waived | B | B | B | B | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | Post-closing cash reserves $21,939.10/3.82. 6 months reserves required. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 85%; max allowed per guidelines is 90%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 770 qualifying score. Min required per guidelines is 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Mortgage payment history is for 87 months when 12 months are required. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 41.36%, max per guidelines is 50%. |
| 83414 | XXXX | IL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | Credit | Income/Employment | Satisfied | D | A | D | A | CRDINC3204 | Income Documentation Missing | No | Provide verification of CPA. | 02/26/2025 lender provided CPA Verification | 02/26/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: 3 years and 0 months in current profession CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 698 qualifying score. Min required per guidelines is 650. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 29.80% |
| 83419 | XXXX | CO | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | Max LTV for XXX is 80%, loan approved at 85%. Exception approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS2860: Good credit history - Clayton Comments: No late payments reporting to credit CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 769 qualifying score. Min required per guidelines is 750. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 33.04%, max per guidelines is 50%. |
| 83420 | XXXX | NV | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 14 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 668 exceeds min score requirement of 650. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 63.95% is below max LTV of 75%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x99. | |||||||||||||||
| 83422 | XXXX | NJ | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 6 years 2 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 801 exceeds min score requirement of 750. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 62% is below max LTV of 80%. | |||||||||||||||
| 83423 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | C | B | A | A | C | B | A | A | C | B | A | A | Property Valuations | FEMA | Waived | C | B | C | B | PRVAFEMA858 | Natural Disaster Area, no subsequent inspection (Individual & Public) | No | No inspection since the FEMA Disaster- 1/8/2025- Wildfires and Straight-Line Winds. | Client provided XXX fire map reflecting subject property is not located near any fires. | Clayton's final grade B due to FEMA declaration including the entire county not just the areas with fires. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned subject residence for 10 years. CFCFS2854: Significant time in profession - Clayton Comments: B1 has been in the same profession for 20 years. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: B1 has mortgage payment history 0x30 since 9/2017. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 62.50% is below guideline requirements of 75%. |
| 83428 | XXXX | AZ | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 717 qualifying score. Min required per guidelines is 700. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 43% File 9.54% CFCFS1736: Significant time at current residence - Clayton Comments: 2 years and 1 months at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets: Assets verified at $1,392,059.65 less cash from $110,423.31 equals $1,281,636.34 or 546.26 months PITIA. | |||||||||||||||
| 83429 | XXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 3.6.25-Client provided Initial CD issued & e-signed XXX | 3.6.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned subject residence for 30 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 38.41% is below guideline requirement 50%. |
| 83429 | XXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 3.6.25-Client provided Initial CD issued & e-signed XXX | 3.6.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has owned subject residence for 30 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 38.41% is below guideline requirement 50%. |
| 83430 | XXXX | GA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS2854: Significant time in profession - Clayton Comments: 4 years and 0 months at current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 1 qualifying score. Min required per guidelines is 750. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 24.36% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 67.92%; max allowed per guidelines is 85%. | |||||||||||||||
| 83431 | XXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 21.66% is below max DTI of 50%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has lived at subject property for over 5 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been a XXX owner for over 7 years. | |||||||||||||||
| 83432 | XXXX | SC | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | State Consumer Protection | Waived | B | B | B | B | CMPSTCP1151 | SC Home Loans -Broker 'Amounts Earned' Disclosure not in file | No | Provide SC Home Loans -Broker 'Amounts Earned' Disclosure. | 3.12.25-Client Acknowledged Tradeline Exception. | 3.12.25-Final Grade B. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 32.50%, max per guidelines is 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 680 qualifying score. Min required per guidelines is 675. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 4 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 22 years. |
| 83432 | XXXX | SC | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 3.12.25-Client provided Initial CD issued & e-signed XXX | 3.12.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 32.50%, max per guidelines is 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 680 qualifying score. Min required per guidelines is 675. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 4 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 22 years. |
| 83432 | XXXX | SC | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 3.12.25-Client provided Initial CD issued & e-signed XXX | 3.12.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 32.50%, max per guidelines is 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 680 qualifying score. Min required per guidelines is 675. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX for 4 years. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current owner occupied residence for 22 years. |
| 83433 | XXXX | WA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 744 exceeds guidelines 700. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified assets $485,608.66. Cash to close $349,894.26 with reserves $135,714.40 or 11.66 mos. No reserves required. | |||||||||||||||
| 83434 | XXXX | SC | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | Compliance | State Consumer Protection | Waived | B | B | B | B | CMPSTCP1151 | SC Home Loans -Broker 'Amounts Earned' Disclosure not in file | No | Provide SC Home Loans -Broker 'Amounts Earned' Disclosure. | 3.7.25-Client acknowledged tradeline exception. | 3.7.25-Final Grade B. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 60%; max allowed per guidelines is 90%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 794 qualifying score. Min required per guidelines is 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $123,939.98or 46 months PITIA, guidelines required 0 months PITIA. |
| 83435 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: 7 years and 6 months at current residence. CFCFS2854: Significant time in profession - Clayton Comments: 27 years and 0 months at current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 685 qualifying score. Min required per guidelines is 675. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 29.60% | |||||||||||||||
| 83436 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 39.17% is below guideline requirement of 50%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: B2 has mortgage payment history 0x30 since 6/2014. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 780 exceeds guidelines 675. | |||||||||||||||
| 83437 | XXXX | CO | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 764 qualifying score. Min required per guidelines is 750. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 33.85%; max allowed per guidelines is 85%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $2,745,916.59 or 675.01 months PITIA, guidelines required 0 months PITIA. | |||||||||||||||
| 83439 | XXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC2488 | Verbal verification of employment missing | No | Missing one of the below per guidelines -Copy of the business license covering the current business year as of the date of the application.-Copy of the Articles of Incorporation, Operating Agreement, or Partnership Agreement with recorded filing date.-Tax Preparers Letter: Letter must be on tax preparer's letterhead;-Tax preparers license verification, from municipal, state or federal licensing boards or proof of their business existence; and-Signed letter from the borrower's tax preparer explaining: tax preparer's relationship to the business; Personal knowledge of the length of time the business has been in existence; and percentage of borrowers ownership in the business entity. | 04/04/2025 lender response: Operating Agreement showing single member LLC uploaded | 04/04/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 7.54%, max per guidelines is 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 770 exceeds min score requirement of 750. CFCFS2860: Good credit history - Clayton Comments: Good credit history 0X30X57. |
| 83441 | XXXX | MI | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: 12 years and 0 months at current residence. CFCFS2854: Significant time in profession - Clayton Comments: 4 years and 2 months at current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 728 qualifying score. Min required per guidelines is 725. | |||||||||||||||
| 83442 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | LTV/CLTV | Waived | C | B | C | B | CRDLTV3026 | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | No | LTV 70% is above the maximum allowed for loan amount > XXX of 65%. Lender approval in file. | 03/26/2025 lender response: Updated ULAW with comp factors uploaded03/26/2025 Clayton response: Upon further review by Clayton Sr Underwriter, exception considered non-material; Final Grade B. Comp Factor for DTI, Reserves, time in profession.03/26/2025 client acknowledged exception | 03/26/2025 Final grade B | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 3.31% is below guideline requirement of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $4,692,936 exceed guidelines of $0. CFCFS2854: Significant time in profession - Clayton Comments: B1 has been in the same profession for 10 years. |
| 83442 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER110 | Loan amount exceeds guideline maximum | No | Loan amount XXX exceeds the maximum allowed of XXX. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 3.31% is below guideline requirement of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $4,692,936 exceed guidelines of $0. CFCFS2854: Significant time in profession - Clayton Comments: B1 has been in the same profession for 10 years. |
| 83443 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | Per guidelines, XXX does not extend credit where the primary wage earner has one (1) or less credit scores, unless LTV =65% LTV, 2 year full document, and housing history 24 mos at 0*30. Borrower does not have prior housing history. Lender provided an exception. | 3/11/25- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $90,203.16 or 78.02 months PITI, guidelines required 0 months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 9.54%, max per guidelines is 50%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided in current owner occupied residence for 10 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX as XXX for 5 years and 9 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 661 qualifying score. Min required per guidelines is 650. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 24.39%; max allowed per guidelines is 70%. |
| 83443 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Per guidelines, two (2) acceptable tradelines aged individually for a 24 month minimum is required. If minimum credit depth is not met, Underwriter may review for compliance with the One Score / No Score / No Depth program while requiring 24 month housing history. Borrower has one tradeline that meets 24 month minimum. Borrower does not have 24 month housing history. Exception from lender did not include tradelines. | 3/11/25- Client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $90,203.16 or 78.02 months PITI, guidelines required 0 months PITI. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 9.54%, max per guidelines is 50%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided in current owner occupied residence for 10 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX as XXX for 5 years and 9 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 661 qualifying score. Min required per guidelines is 650. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 24.39%; max allowed per guidelines is 70%. |
| 83444 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 80% is below guideline requirements of 90%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $16,447,581 exceed guidelines $86,503. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at current job for 10 years. | |||||||||||||||
| 83445 | XXXX | AZ | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS2854: Significant time in profession - Clayton Comments: 11 years and 11 months at current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 692 qualifying score. Min required per guidelines is 675. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 29.20% | |||||||||||||||
| 83446 | XXXX | OR | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 35.50% is below guideline requirement of 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at current job for 7 years. CFCFS2854: Significant time in profession - Clayton Comments: B1 has been XXX in the same profession for 25 years. | |||||||||||||||
| 83447 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | A | C | B | B | B | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3618 | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 2.20.25-Client provided Initial CD issued & e-signed XXX | 2.20.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 44.58% is below max LTV of 80%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive rental payment history 0x30x28. |
| 83447 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | A | C | B | B | B | A | A | C | A | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | A | C | A | CMPTRID3626 | TRID - CD: Loan consummated before end of waiting period | No | Provide proof Initial CD issued XXX was received at least 3 business days prior to Closing. | 2.20.25-Client provided Initial CD issued & e-signed XXX.2.20.25-Provide proof LE issued XXX was received XXX.2.21.25-3 day Mail Rule applies to Final LE issued XXX. Final LE received after Initial CD. Provide proof LE was received before Initial CD.2.27.25-Client provided LE issued & e-signed XXX. | 2.20.25-Exception Remains.2.21.25-Exception Remains.2.27.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 44.58% is below max LTV of 80%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive rental payment history 0x30x28. |
| 83447 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | A | C | B | B | B | A | A | C | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Per guidelines a minimum credit depth of (a) three (3) acceptable tradelines aged individually for a 12 month minimum OR (b) two (2) acceptable tradelines aged individually for a 24 month minimum is required was not met. Exception in file for rate of 7.75% and 99.063 pricing, 1 tradeline. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 44.58% is below max LTV of 80%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive rental payment history 0x30x28. |
| 83447 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | A | C | B | B | B | A | A | C | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4643 | Borrower does not meet guideline requirements | No | FTHB marked on final 1003 not allowed on WVOE program per guidelines. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 44.58% is below max LTV of 80%. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive rental payment history 0x30x28. |
| 83449 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | VOR provided covers rent history XXX. Provide the prior two months rental history XXX & XXX for full 12 month housing history. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 4.52% is below guideline requirement of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $364,980 exceed guidelines $0. |
| 83449 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | Credit | Legal Documents | Satisfied | D | A | D | A | CRDLGL100 | Legal document incorrect or incomplete | No | The Desk Review was based on appraisal dated XXX with value XXX. This appraisal provided only pages 1-5. Provide the complete appraisal with value XXX that the desk review was based upon. | 03/04/2025 lender response: Appraisal uploaded03/05/2025 lender provided Appraisal | 03/04/2025 Appraisal was not received. Please upload again.03/05/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 4.52% is below guideline requirement of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $364,980 exceed guidelines $0. |
| 83452 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 710 qualifying score. Min required per guidelines is 700. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 78.53%; max allowed per guidelines is 90%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: The borrower has been on the same job for 11 years | |||||||||||||||
| 83453 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 39.15% is below max DTI of 50%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 62.21% is below max LTV of 80% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 783 exceeds min score requirement of 750. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves $33,582.75, none required. | |||||||||||||||
| 83454 | XXXX | GA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Assets | Waived | B | B | B | B | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | Verified assets $61,714.66. Cash to close $41,822.60 with reserves $19,892.06. Required reserves $2,453.27 x 12 = $29,439.24 short reserves $9,547.18. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 733 qualifying score. Min required per guidelines is 725. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 34.05% is below guideline requirement of 50%. |
| 83454 | XXXX | GA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | B1 does not meet the minimum credit requirements of 3 open tradelines greater than 24 months. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 733 qualifying score. Min required per guidelines is 725. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 34.05% is below guideline requirement of 50%. |
| 83454 | XXXX | GA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | LTV/CLTV | Waived | B | B | B | B | CRDLTV3028 | LTV Exceeds Guideline Requirement by 10% or more | No | LTV 90% exceeds the maximum of 80% for 1099 program. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 733 qualifying score. Min required per guidelines is 725. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 34.05% is below guideline requirement of 50%. |
| 83456 | XXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 68.69% is below max LTV of 75%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been self employed since 1/1/2018 (7 years 1 month). | |||||||||||||||
| 83457 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | A | A | A | D | A | A | A | D | A | A | A | D | A | A | A | Property Valuations | Appraisal | Satisfied | D | A | D | A | PRVAAPPR101 | Appraisal incomplete (missing map, layout, pages, etc) | No | Missing the complete appraisal, file contains pages 1-3 only. Provide the complete appraisal. | 03/12/2025 lender provided Appraisal | 03/12/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 50.92% is below guideline requirements of 70%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 26.77% is below guideline requirement of 43%. CFCFS1736: Significant time at current residence - Clayton Comments: B1 has rented primary residence for 15 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at current job for 16 years. |
| 83462 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | Credit | Income/Employment | Satisfied | C | A | C | A | CRDINC150 | Income docs do not meet guidelines | No | Lease agreements in file total do not match what was used to qualify/ listed on final 1003 totaling XXX for addt'l REO's Unable to correctly calculated final DTI. Additional conditions may apply. | 04/09/2025 lender response: UW appears to not have used the Sec 8 and other municipal housing assistance, taking a very conservative route for qualification. A second review of the available income would lower the DTI so will just use UW figures, coming up with XXX. Guidelines are silent on public assistance but XXX will use 100% of what is shown on any updated form that reflects an increase in overall rents. Below is the breakdown we have. XXXX 3000 + 2759 + 2155 = 7914 XXXX 2800 + 2116 + 2012 = 6928 XXXX 2900 + 1882 + 1133 + 2150 = 8065 XXXX 2600 + 1771 + 2080 = 6451 XXXX 2636 + 2147 + 2653 = 7436 XXXX 2600 + 2529 + 300 + 2502 = 7931 XXXX 2740 + 1915 + 1911 = XXXX 2407 + 2225 + 2416 + 2365 = 9413 XXXX 1893 + 2165 + 2615 = 6673 XXXX 2598 + 3000 + 2098 = 7696 48th 3488 + 3258 = 6749 $XXXX total | 04/09/2025 exception satisfied | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 70% is below guideline requirements of 80%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $127,880 exceed guidelines $0. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 794 exceeds guidelines 650. |
| 83463 | XXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 32.73% is below guideline requirement of 50%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers have mortgage payment history 0x30 since 3/2008. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at current job for 10 years. | |||||||||||||||
| 83464 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH3000 | # of Tradelines Does Not Meet Guideline Requirements | No | Borrower only has 1 open tradeline | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score of 797 exceeds min score requirement of 750. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been at current residence for over 10 years. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 17% is below max DTI of 50%. |
| 83465 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $350,044.52 CTC $177,093.58 leaves $172,950.94 or 32.97 mos for reserves. GL required $0. CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 36 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 75% is below max LTV of 90%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 812 exceeds min score requirement of 750. | |||||||||||||||
| 83466 | XXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | A | A | D | B | D | B | A | A | A | A | D | B | Compliance | Compliance Manual | Satisfied | D | A | D | A | CMPMAN2956 | Missing disclosure | No | Provide CD issued XXX, missing pages 4 & 5. | 3.6.25- Client provided XXX XXX log and client stated "referenced CD was never sent to the borrower, it was simply an estimated settlement statement for balancing." | 3.6.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 29.99% is below guideline requirement of 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 677 exceeds guidelines 650. |
| 83466 | XXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | D | B | A | A | A | A | D | B | D | B | A | A | A | A | D | B | Compliance | TILA/RESPA Integrated Disclosure | Satisfied | C | B | C | B | CMPTRID3670 | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation | No | Zero tolerance of $135 due to Discount Points fee increased with no valid reason in file. Provide COC reflecting valid reason for the fee changes or PCCD with cure, copy of cure check, LOE to borrower and evidence of delivery via method including tracking information within 60 days of discovery. | 3.6.25-Client provided COC XXX stating Discount Points fee increased. | 3.6.25-Exception Satisfied. | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 29.99% is below guideline requirement of 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 677 exceeds guidelines 650. |
| 83467 | XXXX | MI | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Income/Employment | Waived | B | B | B | B | CRDINC150 | Income docs do not meet guidelines | No | Borrower only has 19 mos of commission income verified. Lender exception provided. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 682 exceeds min score requirement of 675. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $104,137.57. CTC $71,871.62 leaves reserves of $32,265.95 or 18.86 mos. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 72.50% is below max LTV of 80% |
| 83468 | XXXX | UT | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 60% is below max LTV of 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 791 exceeds min score requirement of 750. CFCFS1739: Postive mortgage payment history - Clayton Comments: Positive mortgage payment history 0x30x30. | |||||||||||||||
| 83469 | XXXX | NJ | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided in current rental occupied residence for 24 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 756 qualifying score. Min required per guidelines is 750. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 39.77%, max per guidelines is 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $102.327.95 or 26.37 months PITI, guidelines required 6 months PITI. | |||||||||||||||
| 83470 | XXXX | FL | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 18.56% is below guideline requirement of 50%. CFCFS2854: Significant time in profession - Clayton Comments: B1 has been in the same profession for 23 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 772 exceeds guidelines 750. | |||||||||||||||
| 83471 | XXXX | OH | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | DTI | Waived | B | B | B | B | CRDDTI187 | Debt Ratio > 50% | No | DTI 50.77% exceeds the maximum of 50.49%. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 50% is below guideline requirements of 80%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at current job for 6 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 729 exceeds guidelines 700. |
| 83472 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: B1 has rented prior residence for 12 years. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at current job for 16 years. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 31.13% is below guideline requirements of 75%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 19.47% is below guideline requirement of 50%. | |||||||||||||||
| 83474 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Assets | Waived | B | B | B | B | CRDAST3078 | Insufficient # of months cash reserves for PITI per guideline requirements | No | Verified assets $XXXXCash to close $167,203.13 with reserves $34,434.46. Required reserves $41,293.74 short reserves $6,859.28. Lender approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI 25.48% is below guideline requirement of 50%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: B1 has been XXX at current job for 11 years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score 716 exceeds guidelines 700. |
| 83475 | XXXX | TX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Terms/Guidelines | Waived | B | B | B | B | CRDTER4631 | Loan parameters do not meet guidelines | No | Loan Amount of $XXXX does not meet Guidelines requirement to round down to $50 increments. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1736: Significant time at current residence - Clayton Comments: 4 years and 0 months at current residence. CFCFS2854: Significant time in profession - Clayton Comments: 10 years and 1 months at current profession. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 792 qualifying score. Min required per guidelines is 750. CFCFS1744: DTI below guideline requirement - Clayton Comments: Max DTI 50% File 37.3% |
| 84213 | XXXX | CT | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified assets $28,455.95 funds to close $23,866.29 = Post-closing reserves $4,589.66, none required. CFCFS1737: LTV below guideline requirements - Clayton Comments: Loan approved at 50.7% LTV, Max 75% CFCFS1744: DTI below guideline requirement - Clayton Comments: Loan DTI 37.86%, Max 50.49% | |||||||||||||||
| 84216 | XXXX | GA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH124 | Collections, Liens, etc. not paid as required by guidelines | No | Missing proof of payoff of charged off account with XXX#XXX XXXX XXX or proof a payment plan, with account seasoned for a minimum of three (3) months with timely payments confirmed to have been made by creditor / credit supplement / cancelled checks | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 35.14% is below maximum of 70%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 662 exceeds min score requirement of 650. CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 5 years 11 months. |
| 84216 | XXXX | GA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | Credit | Credit/Mtg History | Waived | B | B | B | B | CRDCRMH193 | Length of mortgage/rental history in file does not meet guideline requirement | No | No Length of mortgage/rental history considered on case by case basis. Lender Exception approval in file. | client acknowledged exception | Final grade B | (No Data) | Not Applicable | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 35.14% is below maximum of 70%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Borrower credit score of 662 exceeds min score requirement of 650. CFCFS1736: Significant time at current residence - Clayton Comments: Significant time at current residence, 5 years 11 months. |
| 84217 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: Co-borower has significant time at current residence, 11 years 7 months. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXX since 6/17/2015 (9 years 10 months). CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves $91,041.97. Required reserves $42,399.06.. | |||||||||||||||
| 84275 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1736: Significant time at current residence - Clayton Comments: The borrower has lived at the current residence for 17 years CFCFS2854: Significant time in profession - Clayton Comments: The borrower has been in the same line of work for 9 years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified assets $171,476.86 Funds to close $130,006.98 = Post-closing reserves $41,469.88, required reserves are $30,584.04. | |||||||||||||||
| 84281 | XXXX | CA | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | CFCFS1737: LTV below guideline requirements - Clayton Comments: Per guidelines, the maximum LTV is 80%. Loan closed with LTV of 75%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Per guidelines, the minimum credit score is 640. Loan closed with a credit score of 748. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Total assets verified $163,637.60 CTC $151,301.81 leaves reserves of $12,335.79 or 2.98 mos. Reserves required $0.00 mos. |