Exhibit 99.46
| Loan ID | Customer Loan ID | Seller Loan ID | Note Date | Original Loan Amount | Last Name | Property State | Occupancy | Purpose | Originator QM Status | TPR QM Status | Exception ID | Exception Number | Exception Date | Exception Type | Exception Subcategory | Exception | Exception Remedy | Rebuttal | TPR Response | Compensating Factors | Status Update Date | Finding Status | Initial Exception Grade | Final Exception Grade | Initial Loan Grade | Final Loan Grade |
| 82135 | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3381315 | 1 of 4 | 2025-02-08 14:41 | Credit | Hazard Insurance Policy is Missing | Missing hazard insurance policy. Auditor could not locate the hazard insurance policy in the file for the subject property at XXXX. |
Document Uploaded. - 02/12/2025 |
Received evidence of insurance with no issues noted. - 02/13/2025 |
2025-02-13 20:31 | Resolved | 3 | 1 | 3 | 1 | |||
| 82135 | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3381328 | 2 of 4 | 2025-02-08 14:47 | Credit | Asset 1 Missing | Asset documentation is missing from the file. Auditor could not locate the asset statement with the balance of $XXXX. |
Document Uploaded. UW never corrected final 1003 to reflect assets at close so attached is the corrected 1003, 1008 and income worksheet w/correct asset information. Please clear condition. - 02/27/2025 |
Received revised 1008, 1003, and income worksheet to reflect asset depletion adjustment per documents already provided. DTI and reserve requirements are met. - 02/27/2025 Asset 1 Provided - 02/27/2025 |
2025-02-27 18:44 | Resolved | 3 | 1 | 3 | 1 | |||
| 82135 | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3385136 | 3 of 4 | 2025-02-10 14:54 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-02-10 14:54 | Cleared | 1 | 1 | 3 | 1 | |||||
| 82135 | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3407572 | 4 of 4 | 2025-02-12 16:34 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-02-12 16:34 | Cleared | 1 | 1 | 3 | 1 | |||||
| 82137 | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3341162 | 1 of 3 | 2025-02-03 22:13 | Credit | Final Settlement Statement Missing. | The final Settlement Statement document is missing. |
Document Uploaded. - 02/19/2025 Document Uploaded. Please see email from escrow that they don't provide a FSS/CD in XXXX. They use our Final CD. Does this suffice? - 02/05/2025 |
Final HUD-1 Document is not missing or estimated only. - 02/20/2025 The lender final CD or settlement statement would suffice however the file does not contain either. - 02/07/2025 |
2025-02-20 00:04 | Resolved | 3 | 1 | 3 | 1 | |||
| 82137 | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3344460 | 2 of 3 | 2025-02-04 14:26 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-02-04 14:26 | Cleared | 1 | 1 | 3 | 1 | |||||
| 82137 | XXXX | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3348749 | 3 of 3 | 2025-02-04 19:50 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-02-04 19:50 | Cleared | 1 | 1 | 3 | 1 | |||||
| 82142 | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3315874 | 1 of 3 | 2025-01-30 15:09 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-01-30 15:09 | Cleared | 1 | 1 | 1 | 1 | |||||
| 82142 | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3320456 | 2 of 3 | 2025-01-30 20:09 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-01-30 20:09 | Cleared | 1 | 1 | 1 | 1 | |||||
| 82142 | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3320460 | 3 of 3 | 2025-01-30 20:09 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-01-30 20:09 | Cleared | 1 | 1 | 1 | 1 | |||||
| 83806 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3949553 | 1 of 3 | 2025-04-24 13:28 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-04-24 13:28 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83806 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3955199 | 2 of 3 | 2025-04-24 19:19 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-04-24 19:19 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83806 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3955200 | 3 of 3 | 2025-04-24 19:19 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-24 19:19 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 82278 | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3405653 | 1 of 3 | 2025-02-12 14:21 | Compliance | The Initial 1003 is Missing | The Initial 1003 is missing. Only the last page of the initial 1003 is present in file. |
Document Uploaded. - 02/14/2025 |
Documentation provided is sufficient. - 02/18/2025 The Initial 1003 is present. - 02/18/2025 |
2025-02-18 14:05 | Resolved | 3 | 1 | 3 | 2 | |||
| 82278 | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3406766 | 2 of 3 | 2025-02-12 15:42 | Credit | Audited FICO is less than Guideline FICO | Audited FICO is less than guideline FICO. The maximum LTV for a loan amount of $XXXX purchase with a 757 credit score is 70%. A formal exception was done to allow 75% LTV. |
The exception was approved based on good mortgage history, 42 months of reserves, and an established business. | 2025-02-13 18:20 | Waived | 2 | 2 | 3 | 2 | ||||
| 82278 | XXXX | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3406799 | 3 of 3 | 2025-02-12 15:44 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-02-12 15:44 | Cleared | 1 | 1 | 3 | 2 | |||||
| 83807 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3933140 | 1 of 3 | 2025-04-23 03:15 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-23 03:15 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 83807 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3933141 | 2 of 3 | 2025-04-23 03:16 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-04-23 03:16 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 83807 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3952287 | 3 of 3 | 2025-04-24 16:08 | Compliance | Charges That Cannot Increase Test (50001251) | The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Condo Questionnaire. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). Condo Questionaire fee of $157.50 was added to the initial CD. $157.50 cure required. Provide PCCD, LOE, copy of refund check and proof of mailing. |
Document Uploaded. - 05/12/2025 |
Received curative PCCD, LOE, copy of refund check and proof of mailing . Finding is cured - 05/12/2025 Resolved - 05/12/2025 |
2025-05-12 15:28 | Cured | 3 | 2 | 3 | 2 | ||||
| 83938 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3823306 | 1 of 4 | 2025-04-09 22:49 | Property | Subject property appraisal is not on an as-is basis (Primary Value) | Primary value subject property appraisal is not on an as-is basis. Please provide the final completion certificate (1004D). |
Document Uploaded. Please see attached photos that were accepted for the 1004D - 04/10/2025 |
Primary Value Subject Property Appraisal is completed on an As-Is Basis or Not Applicable - 04/11/2025 |
2025-04-11 14:08 | Resolved | 3 | 1 | 3 | 2 | ||||
| 83938 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3823552 | 2 of 4 | 2025-04-09 23:50 | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Per the XXXX – DSCR Matrix, for DSCR ratios less than one, the maximum transaction Loan to Value for Cash Out is 70%. A formal exception is located in the loan file for LTV overage of 5%. |
The exception was approved based on minimum required reserves exceeded by 33 months; minimum required credit score exceeded by over 50 points. | 2025-04-10 14:49 | Waived | 2 | 2 | 3 | 2 | |||||
| 83938 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3827687 | 3 of 4 | 2025-04-10 14:56 | Credit | Tax amount not verified. | It appears the subject is a new construction, and the tax certificate was based on information from XXXX. Please document the current or estimated property taxes based on the new construction are within guidelines for DSCR calculation. |
Document Uploaded. New property tax estimator attached and new DSCR calculator showing .927 DSCR. Please clear condition - 04/10/2025 |
Documentation provided is sufficient. - 04/11/2025 |
2025-04-11 14:09 | Resolved | 3 | 1 | 3 | 2 | ||||
| 83938 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3827702 | 4 of 4 | 2025-04-10 14:58 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-04-10 14:58 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 82828 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | 3621349 | 1 of 6 | 2025-03-16 13:11 | Credit | Borrower 2 3rd Party VOE Prior to Close Missing | Borrower 2 3rd party VOE prior to close missing. The verbal verification of employment for XXXX is missing for XXXX, and the verbal verification of employment for both XXXX and XXXX is missing for XXXX and XXXX. According to the guidelines, a VVOE is required for self-employed borrowers 20 business days before the note date. |
Document Uploaded. VVOEs requested attached except for XXXX because no income was used to qualify but borrower was hit for loss only. Please clear conditon - 04/04/2025 |
2025-04-08 15:02 | Resolved | 3 | 1 | 4 | 2 | |||||
| 82828 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | 3621378 | 2 of 6 | 2025-03-16 13:38 | Credit | Borrower 1 Gap Credit Report is Missing | Borrower 1 Gap Credit Report is Missing Gap or undisclosed debt notification was not located in the file for borrower 1 or borrower 2. An Undisclosed Debt Notification (UDN) is required within 10 days of closing date. Verification of monitoring document needs to clearly show date issued, created or printed within 10 days of closing date showing actively monitoring. |
Document Uploaded. Credit report is within 10 days prior to closing so no gap needed - 03/17/2025 |
2025-03-20 14:22 | Resolved | 4 | 1 | 4 | 2 | |||||
| 82828 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | 3621525 | 3 of 6 | 2025-03-16 15:41 | Credit | Audited Loan Amount is greater than Guideline Maximum Loan Amount | Audited loan amount is greater than the guideline Maximum loan amount. The guideline maximum loan amount is $XXXX. Exception is being given for the loan amount of $XXXX. |
The compensating factors that support the exception for the loan amount of $XXXX are that the borrowers have good credit history, 17 months of reserves where 12 months of reserves are required, businesses are established, has a fico score of 793 where the minimum is 760 and the DTI is 37.35% which is below the maximum required of 50%. | 2025-03-16 15:41 | Waived | 2 | 2 | 4 | 2 | |||||
| 82828 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | 3621526 | 4 of 6 | 2025-03-16 15:41 | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Guideline states that the maximum LTV is 70%. Loan was approved with LTV of 75%. |
Good credit history. 17 months of reserves where 12 months of reserves are required. Businesses are established. A fico score of 793 where the minimum is 760. The DTI is 37.35% which is below the maximum required of 50%. |
2025-03-17 18:13 | Waived | 2 | 2 | 4 | 2 | |||||
| 82828 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | 3621529 | 5 of 6 | 2025-03-16 15:44 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-03-16 15:44 | Cleared | 1 | 1 | 4 | 2 | ||||||
| 82828 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | 3621532 | 6 of 6 | 2025-03-16 15:44 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-03-16 15:44 | Cleared | 1 | 1 | 4 | 2 | ||||||
| 82833 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3595377 | 1 of 4 | 2025-03-12 19:26 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-03-12 19:26 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 82833 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3626288 | 2 of 4 | 2025-03-17 15:42 | Property | Missing Doc - Second Appraisal Missing | The loan file did not contain the subject second appraisal as required. The approved loan amount is $XXXX. Per guidelines, a second appraisal will be required when the loan amount exceeds $XXXX. Please provide a copy of the second appraisal. |
Document Uploaded. Uploading both since I'm not sure which one you have. - 03/18/2025 |
Second appraisal has been received - 03/20/2025 |
2025-03-20 19:46 | Resolved | 3 | 1 | 3 | 2 | ||||
| 82833 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3626325 | 3 of 4 | 2025-03-17 15:45 | Credit | Loan Package - 2nd Mortgage Note Missing | Loan file does not include subordinate lien documentation. The borrower obtained a concurrent 2nd mortgage for $XXXX. Please provide the Note, Deed, and Closing Disclosure for the concurrent 2nd mortgage. The cash out from the 2nd mortgage should satisfy the borrower's reserves of 35 months as stated on the exception as a compensating factor. |
Document Uploaded. - 03/18/2025 |
documentation has been received - 03/20/2025 |
2025-03-20 19:52 | Resolved | 3 | 1 | 3 | 2 | ||||
| 82833 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3629727 | 4 of 4 | 2025-03-17 19:38 | Credit | Audited Loan Amount is greater than Guideline Maximum Loan Amount | Audited loan amount is greater than the guideline Maximum loan amount. This transaction is a cashout refinance of a primary residence with a loan amount of $XXXX. Per guidelines, cash out refinances for loan amounts greater than $XXXX are not allowed. A formal exception is located in the loan file. |
Good credit history with accounts paid as agreed. 35 months of reserves when 3 are required. Established business. 820 FICO when the requirement is 760. Low DTI of 33.52 with a 50% DTI required. | 2025-03-17 19:42 | Waived | 2 | 2 | 3 | 2 | |||||
| 83668 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3913325 | 1 of 3 | 2025-04-21 13:43 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-04-21 13:43 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83668 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3913332 | 2 of 3 | 2025-04-21 13:44 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-21 13:44 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83668 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3913334 | 3 of 3 | 2025-04-21 13:44 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-04-21 13:44 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83669 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3927506 | 1 of 3 | 2025-04-22 16:46 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-04-22 16:46 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83669 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3944430 | 2 of 3 | 2025-04-23 21:18 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-23 21:18 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83669 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3944431 | 3 of 3 | 2025-04-23 21:18 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-04-23 21:18 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83808 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3961408 | 1 of 3 | 2025-04-25 12:47 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-04-25 12:47 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83808 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3961410 | 2 of 3 | 2025-04-25 12:47 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-25 12:47 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83808 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3961412 | 3 of 3 | 2025-04-25 12:47 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-04-25 12:47 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83552 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3707527 | 1 of 3 | 2025-03-27 13:14 | Compliance | Federal - Loan Estimate Disclosure Date on or after Closing Disclosure Date | The Last Loan Estimate was provided on (XXXX) which is on or after (XXXX), the date on which the Initial Closing Disclosure was provided. Under Regulation Z, a creditor shall not provide a revised version of the Loan Estimate on or after the date on which a creditor provides the Closing Disclosure. (12 CFR 1026.19(e)(4)(ii)) The last Loan Estimate and the Initial Closing Disclosure were both provided XXXX, the same day. Under Regulation Z, a creditor shall not provide a revised version of the Loan Estimate on or after the date on which a creditor provides the Closing Disclosure. (12 CFR 1026.19(e)(4)(ii)) |
Document Uploaded. - 03/28/2025 |
The lender compliance tracker reflects the LE and CD were not actually sent on the same day. - 04/01/2025 Unable to resolve. The initial CD on XXXX is datedXXXX and the final LE on XXXX is also dated XXXX. This cannot be cured. - 03/31/2025 |
2025-04-01 15:47 | Resolved | 3 | 1 | 3 | 2 | ||||
| 83552 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3708569 | 2 of 3 | 2025-03-27 14:36 | Credit | Audited LTV Exceeds Guideline LTV | Audited LTV exceeds guideline LTV. Max LTV is 60% per guidelines (First Time Home Buyer plus "rent free"). Loan LTV is 74.98%. An exception is noted on Lock Confirmation but there is not formal exception form in file. |
Document Uploaded. Exception approval attached. Please clear. - 03/31/2025 |
Waived by client with compensating factors. - 04/01/2025 |
1. FICO 30+ points higher than minimum required. 2. 28 months reserves, 8 were required. 3. No derogatory credit events or adverse actions. |
2025-04-01 15:45 | Waived | 3 | 2 | 3 | 2 | |||
| 83552 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3708649 | 3 of 3 | 2025-03-27 14:43 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-03-27 14:43 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 83554 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3787165 | 1 of 4 | 2025-04-04 18:10 | Compliance | Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | The loan disbursement date (XXXX) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (XXXX). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) Final CD discloses disbursement XXXX; however documents were not executed until XXXX and disbursement could not occur before XXXX |
Document Uploaded. - 04/08/2025 |
Received PCCD correcting disbursement date - 04/09/2025 |
2025-04-09 13:07 | Resolved | 3 | 1 | 3 | 2 | ||||
| 83554 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3791705 | 2 of 4 | 2025-04-06 14:30 | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Guidelines-Cashout N/A for >$XXXX. Loan approval $XXXX. A formal exception (XXXX) is in file. |
Compensating factors-Fico 795 w/760 minimum. 27 months reserves w/3 required. DTI 27% w/50% required. 0x30 housing payment history in 12 months. No derogatory credit nor any credit events | 2025-04-08 16:18 | Waived | 2 | 2 | 3 | 2 | |||||
| 83554 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3791706 | 3 of 4 | 2025-04-06 14:32 | Credit | HELOC - Agreement Missing | Loan file does not contain terms and conditions for the HELOC Agreement. Provide verification of new HELOC documentation verifying terms with payment $XXXX and loan amount $XXXX. Credit - Closing Concurrent:C9 - Credit - Loan closing concurrent with Loan #XXXX. Must upload copy of Note, Deed, Final Settlement statement from 2nd lien into this loan |
Document Uploaded. - 04/08/2025 |
documentation meet guideline requirements - 04/09/2025 |
2025-04-09 15:35 | Resolved | 3 | 1 | 3 | 2 | ||||
| 83554 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3791707 | 4 of 4 | 2025-04-06 14:33 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-06 14:33 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 83043 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3696317 | 1 of 6 | 2025-03-26 11:42 | Credit | Missing letter of explanation | CPA letter does not state that he has prepared the tax returns for the borrower for the past two years. It only states that he has prepared the most recent year tax returns. Could not locate where the CPA license was verified. Could not locate the business narrative. Need to provide updated letter that validates CPA has prepared the last two years of taxes, verification of CPA license and the business narrative. |
Document Uploaded. Business Narrative, CPA license Verification and 2 years self employment verification attached. CPA letter addresses last tax return filed which would be XXXX since that is last tax return that was due and attached document from XXXX verifies XXXX. In addition CPA letter confirms borrower has been self employed over 2 years. Please clear condition. - 03/28/2025 |
documentation meet guideline requirements - 03/31/2025 |
2025-03-31 14:55 | Resolved | 3 | 1 | 3 | 1 | ||||
| 83043 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3696397 | 2 of 6 | 2025-03-26 11:55 | Credit | Housing History Does Not Meet Guideline Requirements | Housing history does not meet guideline requirements. Per the loan application the borrowers pay rent in the amount of $XXXX a month and has been in the residence for the last 3 years. There is a lease in file showing the amount of $XXXX. There was no documentation in the file to support a 12 month housing history. |
Document Uploaded. - 03/27/2025 |
documentation meet guideline requirements - 03/28/2025 |
2025-03-28 13:56 | Resolved | 3 | 1 | 3 | 1 | ||||
| 83043 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3696563 | 3 of 6 | 2025-03-26 12:16 | Credit | Evidence of Property Tax Missing | Missing evidence of property tax. Per the approval the tax amount is $XXXX monthly. Could not locate the documentation to support using this amount as the monthly payment. The 1008 stated that they calculated the monthly payment based on the purchase price *1.25%. |
Document Uploaded. - 03/27/2025 |
documentation meet guideline requirements - 03/28/2025 |
2025-03-28 13:55 | Resolved | 3 | 1 | 3 | 1 | ||||
| 83043 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3696689 | 4 of 6 | 2025-03-26 12:30 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-03-26 12:30 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83043 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3696761 | 5 of 6 | 2025-03-26 12:37 | Credit | Gift Letter - No Evidence for Transfer of Funds | No evidence of the transfer of gift funds from the donor to the borrower was located in the file. Per the notes in the file, the gift funds in the amount of $XXXX was supposed to be wired at closing. There is no documentation in the file to support the transfer of the gift funds. |
Document Uploaded. - 03/27/2025 |
documentation meet guideline requirements - 03/28/2025 |
2025-03-28 13:54 | Resolved | 3 | 1 | 3 | 1 | ||||
| 83043 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3696941 | 6 of 6 | 2025-03-26 12:59 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-03-26 12:59 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83670 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3867711 | 1 of 4 | 2025-04-15 15:33 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-04-15 15:33 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83670 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3869093 | 2 of 4 | 2025-04-15 17:03 | Credit | Asset 1 Missing | Asset documentation is missing from the file. Provide all pages on Retirement Funds XXXX XXXX statement |
Document Uploaded. Attached XXXX full statement - all pages. Please clear condition - 04/21/2025 |
2025-04-22 12:54 | Resolved | 3 | 1 | 3 | 1 | |||||
| 83670 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3869102 | 3 of 4 | 2025-04-15 17:04 | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify debts associated with all other properties. Provide hazard and HOA , if any, for XXXX to support URLA payment used in DTI. |
Document Uploaded. 1003 and 1008 corrected to reflect only property taxes on XXXX and LOE from borrower attached. Please clear condition - 04/16/2025 |
2025-04-18 14:51 | Resolved | 3 | 1 | 3 | 1 | |||||
| 83670 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3869111 | 4 of 4 | 2025-04-15 17:04 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-15 17:04 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83044 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 3667768 | 1 of 3 | 2025-03-21 14:45 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-03-21 14:45 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83044 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 3667769 | 2 of 3 | 2025-03-21 14:45 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-03-21 14:45 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83044 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 3669492 | 3 of 3 | 2025-03-21 16:40 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-03-21 16:40 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83671 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3848263 | 1 of 3 | 2025-04-12 13:27 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-04-12 13:27 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83671 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3848264 | 2 of 3 | 2025-04-12 13:27 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-12 13:27 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83671 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3848356 | 3 of 3 | 2025-04-12 13:56 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-04-12 13:56 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83672 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 3865484 | 1 of 3 | 2025-04-15 13:12 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-15 13:12 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83672 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 3865491 | 2 of 3 | 2025-04-15 13:12 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-04-15 13:12 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83672 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 3869141 | 3 of 3 | 2025-04-15 17:08 | Credit | Assets - Large Deposits | The loan file does not contain all required asset documentation. Asset statements in file verified a large deposit which when removed from assets results in a shortage and the loan file does not contain sufficient documentation to source the deposit. Provide source of deposit $XXXX on XXXX into XXXX XXXX |
Document Uploaded. Large Deposit came from XXXX, check for XXXX was withdrawn from XXXX and deposited into XXXX XXXX XXXX w/other smaller checks. Please clear condition - 04/15/2025 |
2025-04-17 00:28 | Resolved | 3 | 1 | 3 | 1 | |||||
| 83673 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3893984 | 1 of 3 | 2025-04-17 19:13 | Property | Appraisal - Other | There are additional appraisal findings. Missing 1007 for market rent. Loan was approved under the XXXX program and the 1007 is required in order to calculate the DSCR ratio. |
This is a no ratio loan. No rental income being used; therefore rental agreement and/or 1007 not required - No Ratio capped at 60% LTV. Please clear condition. - 04/21/2025 |
Received explanation. Double-checked guidelines which does have a No Ratio/DSCR component. - 04/22/2025 |
2025-04-22 21:25 | Void | 2 | 3 | 1 | |||||
| 83673 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3904926 | 2 of 3 | 2025-04-18 19:10 | Credit | Final Settlement Statement Missing. | The final Settlement Statement document is missing. Provide final Closing Disclosure or final Alta Settlement Statement. The statement needs to include escrow impound information. If no escrow impounds are reflected on the final Closing Disclosure/Settlement Statement, an executed Escrow Waiver would also need to be provided. |
Document Uploaded. - 04/21/2025 |
Received final settlement statement reflecting impound disbursements. - 04/22/2025 |
2025-04-22 21:16 | Resolved | 3 | 1 | 3 | 1 | ||||
| 83673 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3904946 | 3 of 3 | 2025-04-18 19:11 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-04-18 19:11 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83809 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 4027492 | 1 of 3 | 2025-05-02 14:52 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-05-02 14:52 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83809 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 4032058 | 2 of 3 | 2025-05-02 19:36 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-05-02 19:36 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83809 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 4032059 | 3 of 3 | 2025-05-02 19:36 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-02 19:36 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83674 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3835141 | 1 of 3 | 2025-04-11 03:47 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-04-11 03:47 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83674 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3835142 | 2 of 3 | 2025-04-11 03:47 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-11 03:47 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83674 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 3835150 | 3 of 3 | 2025-04-11 03:48 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-04-11 03:48 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83939 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4226483 | 1 of 3 | 2025-05-23 13:21 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-05-23 13:21 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83939 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4239705 | 2 of 3 | 2025-05-26 20:03 | Credit | Missing VOM or VOR | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing a current mortgage statement for borrower mortgage with XXX for the property located at XXXX to support borrower not on mortgage. |
Document Uploaded. Sorry, misread the original condition. Attached is the Final Settlement Stmt on XXXX showing no mortgage paid off and property profile that shows last recorded mortgage reconveyed XXXX. Please clear condition. - 05/28/2025 Document Uploaded. Borrower is on mortgage and included in DTI. Attached is copy of Note to verify P&I payment and HOI and property taxes along w/corrected 1003 and 1008 reflecting correct P&I payment amount. Please clear condition. - 05/28/2025 |
Received final settlement statement for recent refinance transaction of XXXX property showing no mortgages were paid off. Also, received Property Profile for XXXX which showed purchase money mortgage was released XXXX and refinance mortgage was released XXXX2. XXXX property has been owned free & clear for over 24 months prior to the subject loan application date. - 05/29/2025 Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - 05/29/2025 Received PITIA documentation which showed the FundLoans mortgage was newly obtained. However, per XXXX, last property sale for XXXX was in the year XXXX. Guidelines require a minimum 12 months mortgage history on all properties owned. Please provide 12 months mortgage history leading up to the application date for XXXX. - 05/28/2025 |
2025-05-29 22:53 | Resolved | 3 | 1 | 3 | 1 | ||||
| 83939 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4239737 | 3 of 3 | 2025-05-26 21:05 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-26 21:05 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83560 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3789937 | 1 of 3 | 2025-04-04 22:21 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-04 22:21 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83560 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3789938 | 2 of 3 | 2025-04-04 22:22 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-04-04 22:22 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83560 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3799880 | 3 of 3 | 2025-04-07 20:14 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-04-07 20:14 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83810 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4006066 | 1 of 4 | 2025-04-30 16:45 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-04-30 20:38 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83810 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4007602 | 2 of 4 | 2025-04-30 18:20 | Credit | Hazard Insurance Policy is Missing | Missing hazard insurance policy. The premium amount used to qualify is much lower than the hazard policy in the file. Please provide the final hazard insurance to support the $XXXX monthly premium used to qualify. |
Document Uploaded. Correct HOI insurance was provided but 1008 and 1003 were showing incorrect amount. Attached are corrected 1008 and 1003. Please clear condition. - 05/05/2025 |
Documentation provided is sufficient. - 05/06/2025 |
2025-05-06 13:03 | Resolved | 3 | 1 | 3 | 1 | ||||
| 83810 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4007622 | 3 of 4 | 2025-04-30 18:21 | Credit | Verification Documentation - Employment History | The employment and/or income verifications do not substantially match the loan application and/or credit report information. Please validate CPA/ Licensed Tax Preparer credentials |
Document Uploaded. - 05/01/2025 |
Documentation provided is sufficient. - 05/02/2025 |
2025-05-02 13:43 | Resolved | 3 | 1 | 3 | 1 | ||||
| 83810 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4007629 | 4 of 4 | 2025-04-30 18:21 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-30 18:21 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83811 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4006787 | 1 of 3 | 2025-04-30 17:31 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-04-30 17:31 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83811 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4006794 | 2 of 3 | 2025-04-30 17:31 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-30 17:31 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83811 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4009687 | 3 of 3 | 2025-04-30 20:56 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-04-30 20:56 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83812 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4063687 | 1 of 4 | 2025-05-06 22:30 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-05-06 22:30 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 83812 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4083574 | 2 of 4 | 2025-05-08 17:01 | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Cash out is not allowed with less than 12 months seasoning. A formal exception is in the file. |
The exception was approved due to a 762-credit score and a DSCR over 1.34. | 2025-05-08 17:01 | Waived | 2 | 2 | 3 | 2 | |||||
| 83812 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4083588 | 3 of 4 | 2025-05-08 17:02 | Property | Appraisal - Incomplete | The appraisal provided was incomplete. The Auditor was unable to review the entire appraisal report. The appraisal completed by XXXX was incomplete. Please provide the complete appraisal with pg 1, comparables, etc. |
Document Uploaded. - 05/08/2025 |
Provided - 05/09/2025 |
2025-05-09 13:43 | Resolved | 3 | 1 | 3 | 2 | ||||
| 83812 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4083593 | 4 of 4 | 2025-05-08 17:03 | Credit | Final Settlement Statement Missing. | The final Settlement Statement document is missing. Please provide the final signed settlement statement to reflect the final funds needed to close. |
Document Uploaded. I apologize for also including the appraisal in this condition, can you please have it reviewed with appraisal condition. I uploaded the wrong one to that condition. I'm sorry. The XXXX is included for this condition. - 05/08/2025 |
2025-05-09 13:44 | Resolved | 3 | 1 | 3 | 2 | |||||
| 83675 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3896919 | 1 of 3 | 2025-04-18 01:49 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-04-18 01:49 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83675 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3896920 | 2 of 3 | 2025-04-18 01:50 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-18 01:50 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83675 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3897105 | 3 of 3 | 2025-04-18 04:12 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-04-18 04:12 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83676 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3831103 | 1 of 3 | 2025-04-10 18:26 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-10 18:26 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83676 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3831108 | 2 of 3 | 2025-04-10 18:26 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-04-10 18:26 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83676 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3832276 | 3 of 3 | 2025-04-10 19:43 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-04-10 19:43 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83677 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3897187 | 1 of 3 | 2025-04-18 04:57 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-04-18 04:57 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83677 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3901927 | 2 of 3 | 2025-04-18 15:38 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-04-18 15:38 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83677 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 3901951 | 3 of 3 | 2025-04-18 15:39 | Credit | Assets - Earnest Money Deposit | The XXXX was not properly documented and/or sourced. XXXX for subject is $XXXX. File contains proof of wired funds but not documentation that funds came from the borrower's own funds. |
Document Uploaded. XXXX being refunded so doesn't need to be sourced. Full down payment and reserves coming from sale of XXXX. Please clear condition. - 04/21/2025 |
2025-04-22 14:14 | Resolved | 3 | 1 | 3 | 1 | |||||
| 83815 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4028430 | 1 of 3 | 2025-05-02 15:35 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-05-02 15:35 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83815 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4030492 | 2 of 3 | 2025-05-02 18:01 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-02 18:01 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83815 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4030514 | 3 of 3 | 2025-05-02 18:02 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-05-02 18:02 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83941 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4170606 | 1 of 3 | 2025-05-16 23:29 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-16 23:29 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 83941 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4170612 | 2 of 3 | 2025-05-16 23:29 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-05-16 23:29 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 83941 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4176232 | 3 of 3 | 2025-05-19 12:27 | Credit | Missing VOM or VOR | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Per guidelines-missing at least 12 mos verification of primary Credit History: Housing Payment History Each loan application must include a fully documented, recent, consecutive, 24-month housing history and provide mortgage/housing payment history for a minimum of the 12 months leading up to the application date. On these non-owner-occupied transactions, a mortgage/housing history is required on the subject property and primary residence only. |
Document Uploaded. Borrower has only owned subject since XXXX and first and second payments made for XXXX and XXXX attached is the evidence of payments, copy of Note and HUD from purchase. Borrower lives rent free as mortgage is in significant others name. See attached mortgage statement, rent free letter and exception approval. Please clear condition. - 05/20/2025 |
Guidelines-at least 12 mos verification of primary Credit History: Housing Payment History Each loan application must include a fully documented, recent, consecutive, 24-month housing history and provide mortgage/housing payment history for a minimum of the 12 months leading up to the application date. On these non-owner-occupied transactions, a mortgage/housing history is required on the subject property and primary residence only. Loan approved based on-1) Lack of primary housing history without meeting guidelines for lack of primary housing history. 2) 20% LTV exception due to lack of primary housing history and living rent free {65% max living rent free and first time investor reduce max LTV by 5%). 3) Short 4 mos reserves, 12 mos required due to lack of primary housing history. A formal exception is approved/in file. - 05/21/2025 |
Comp Factors: CREDIT SCORE 71 POINTS ABOVE MINIMUM. DSCR .09 ABOVE MINIMUM. |
2025-05-21 14:53 | Waived | 3 | 2 | 3 | 2 | |||
| 83942 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4096535 | 1 of 3 | 2025-05-09 16:33 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-05-09 16:33 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83942 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4098650 | 2 of 3 | 2025-05-09 18:38 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-05-09 18:38 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83942 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4098659 | 3 of 3 | 2025-05-09 18:39 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-09 18:39 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83816 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 4016849 | 1 of 3 | 2025-05-01 16:25 | Credit | Flood Certificate Partially Provided | Flood certificate is partially provided. Flood insurance documentation is a screen shot. Please provide the policy reflecting all pertinent information including the loss payee. |
Document Uploaded. - 05/02/2025 |
The flood insurance policy has been provided. - 05/05/2025 |
2025-05-05 23:55 | Resolved | 3 | 1 | 3 | 1 | ||||
| 83816 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 4016850 | 2 of 3 | 2025-05-01 16:25 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-01 16:25 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83816 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 4028215 | 3 of 3 | 2025-05-02 15:20 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-05-02 15:20 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83943 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4085619 | 1 of 3 | 2025-05-08 19:05 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-08 19:05 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 83943 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4085696 | 2 of 3 | 2025-05-08 19:09 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-05-08 19:09 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 83943 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4092854 | 3 of 3 | 2025-05-09 13:26 | Compliance | Closing Detail Statement Indicator is Missing | Closing Detail Statement Indicator is Missing. Estimate settlement in file dated XXXX, but states subject to changes or additions at closing. No final CD or settlement statement located in file. |
Document Uploaded. - 05/09/2025 |
documentation meet guideline requirements - 05/12/2025 Closing Detail Statement Indicator is not Missing. - 05/12/2025 |
2025-05-12 16:38 | Resolved | 4 | 1 | 4 | 1 | ||||
| 84643 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4319400 | 1 of 3 | 2025-06-03 19:55 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-06-03 19:55 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 84643 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4325024 | 2 of 3 | 2025-06-03 22:45 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-06-03 22:45 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 84643 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4325031 | 3 of 3 | 2025-06-03 22:46 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-06-03 22:46 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83817 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4046314 | 1 of 3 | 2025-05-05 18:03 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-05 18:03 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83817 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4053817 | 2 of 3 | 2025-05-06 12:01 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-05-06 12:01 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83817 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4060631 | 3 of 3 | 2025-05-06 18:54 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-05-06 18:54 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83944 | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4117651 | 1 of 3 | 2025-05-12 18:22 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-05-12 18:22 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83944 | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4118055 | 2 of 3 | 2025-05-12 18:44 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-05-12 18:44 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83944 | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4118056 | 3 of 3 | 2025-05-12 18:45 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-12 18:45 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 84644 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4312436 | 1 of 4 | 2025-06-03 15:02 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-06-03 15:02 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 84644 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4316080 | 2 of 4 | 2025-06-03 17:17 | Compliance | Charges That Cannot Increase Test (50001251) | The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Appraisal Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). The appraisal fee increased from $1250 to $1500 without a change in circumstance |
Document Uploaded. - 06/17/2025 |
Received curative package. No further findings - 06/18/2025 Resolved - 06/18/2025 |
2025-06-18 14:52 | Cured | 3 | 2 | 3 | 2 | ||||
| 84644 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4318340 | 3 of 4 | 2025-06-03 19:08 | Credit | Cash reserves less than required by guidelines | Total Cash reserves of '$XXXX are less than $0. Per guidelines-• LTV > 65% to 85% 6 Months reserves |
Document Uploaded. Reserve requirements are waived for Rate/ Term Refinance transactions when the transaction results in a reduction to the monthly principal and interest payment of 10% or greater AND housing history is 1x30x12 or better. Borrower has perfect mortgage history and is saving over 10%. Current P&I payment = XXXX and new P&I pmt XXXX. See attached guidelines. Please clear condition. - 06/04/2025 |
documentation meet guideline requirements - 06/05/2025 Total Cash reserves are greater than $0. - 06/05/2025 |
2025-06-05 14:43 | Resolved | 3 | 1 | 3 | 2 | ||||
| 84644 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4318364 | 4 of 4 | 2025-06-03 19:10 | Credit | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Audited reserves months are less than the guideline required reserve months. • LTV > 65% to 85% 6 Months reserves required. Assets in file don't support. |
Document Uploaded. Reserve requirements are waived for Rate/ Term Refinance transactions when the transaction results in a reduction to the monthly principal and interest payment of 10% or greater AND housing history is 1x30x12 or better. Borrower has perfect mortgage history and is saving over 10%. Current P&I payment = XXXX and new P&I pmt XXXX. See attached guidelines. Please clear condition. - 06/04/2025 |
Audited Reserves of 0.51 month(s) are greater than or equal to Guideline Required Reserves of 0 month(s) - 06/05/2025 Audited Reserves of month(s) are greater than or equal to Guideline Required Reserves of month(s) - 06/05/2025 |
2025-06-05 14:43 | Resolved | 3 | 1 | 3 | 2 | ||||
| 84645 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4249379 | 1 of 3 | 2025-05-27 20:27 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-05-27 20:27 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 84645 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4272161 | 2 of 3 | 2025-05-29 17:11 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-05-29 17:11 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 84645 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4272170 | 3 of 3 | 2025-05-29 17:11 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-29 17:11 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83818 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4038700 | 1 of 3 | 2025-05-04 18:49 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-05-06 17:41 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83818 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4038702 | 2 of 3 | 2025-05-04 18:50 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-05-04 18:50 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83818 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4059268 | 3 of 3 | 2025-05-06 17:40 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-06 17:40 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83945 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4213334 | 1 of 3 | 2025-05-22 13:03 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-05-22 13:03 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83945 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4231057 | 2 of 3 | 2025-05-23 17:52 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-23 17:52 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83945 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4234786 | 3 of 3 | 2025-05-23 20:32 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-05-23 20:32 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83946 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 4126371 | 1 of 3 | 2025-05-13 14:31 | Credit | Final Settlement Statement Missing. | The final Settlement Statement document is missing. File only contains an Estimated Closing statement. |
Document Uploaded. - 05/13/2025 |
Final HUD-1 Document is not missing or estimated only. - 05/14/2025 |
2025-05-14 13:37 | Resolved | 3 | 1 | 3 | 1 | ||||
| 83946 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 4126486 | 2 of 3 | 2025-05-13 14:39 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-13 14:39 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83946 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | Non-QM: Lender documented all ATR UW factors | ATR/QM: Exempt | 4127068 | 3 of 3 | 2025-05-13 15:12 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-05-13 15:12 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83947 | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4139466 | 1 of 3 | 2025-05-14 15:40 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-05-14 15:40 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83947 | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4143062 | 2 of 3 | 2025-05-14 19:56 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-05-14 19:56 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83947 | XXXX | XXXX | XXXX | XXXX | Second Home | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4143065 | 3 of 3 | 2025-05-14 19:56 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-14 19:56 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83948 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4220447 | 1 of 3 | 2025-05-22 20:27 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-05-22 20:27 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 83948 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4237314 | 2 of 3 | 2025-05-24 13:33 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-24 13:33 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 83948 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4237340 | 3 of 3 | 2025-05-24 13:53 | Credit | Audited Loan Amount is less than Guideline Minimum Loan Amount | Audited loan amount is less than the guideline Minimum loan amount. Subject loan amount is $XXXX and guideline minimum is $XXXX. Loan lock states a guideline exception was granted but it does not state what that exception was. |
Document Uploaded. Exception approval attached. Please clear condition - 05/29/2025 |
Per guidelines-Minimum loan amount is $XXXX. Loan approved with loan amount $XXXX. A formal exception is in file. - 05/30/2025 |
Compensating factors-The borrower has over 10 months of reserves (only 8 required). The borrower has experience owning real estate. The FICO is 777(min 680). | 2025-05-30 18:42 | Waived | 3 | 2 | 3 | 2 | |||
| 84649 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | 4243108 | 1 of 4 | 2025-05-27 14:19 | Compliance | Federal - Homeownership Counseling Disclosure Delivery | The Homeownership Counseling Disclosure Sent Date (XXXX) is more than 3 business days from the Application Date (XXXX). Three business days from the Application Date is (XXXX). Under 12 CFR 1024.20, not later than three business days after receipt of an application, or information sufficient to complete an application, the lender must provide the applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. (12 CFR 1024.20) Application date is XXXX and Homeowner Counseling was sent on XXXX. Double checked and there are no other copies found in the package. |
Document Uploaded. - 06/16/2025 |
Received disclosure. Finding resolved - 06/17/2025 |
2025-06-17 15:17 | Resolved | 3 | 1 | 3 | 1 | ||||
| 84649 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | 4243109 | 2 of 4 | 2025-05-27 14:19 | Compliance | Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | The loan disbursement date (XXXX) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (XXXX). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) Final CD discloses disbursment date of XXXX. Notice of Right to cancel discloses cancelation date of XXXX |
Document Uploaded. - 05/28/2025 |
Received PCCD correcting disbursement date - 05/29/2025 |
2025-05-29 16:03 | Resolved | 3 | 1 | 3 | 1 | ||||
| 84649 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | 4260637 | 3 of 4 | 2025-05-28 18:58 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-05-28 18:58 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 84649 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | 4260642 | 4 of 4 | 2025-05-28 18:58 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-28 18:58 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 83950 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4214914 | 1 of 3 | 2025-05-22 15:00 | Compliance | Federal - Homeownership Counseling Disclosure Delivery | The Homeownership Counseling Disclosure Sent Date (XXXX) is more than 3 business days from the Application Date (XXXX). Three business days from the Application Date is (XXXX). Under 12 CFR 1024.20, not later than three business days after receipt of an application, or information sufficient to complete an application, the lender must provide the applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. (12 CFR 1024.20) The disclosure in the documents is dated XXXX and I was unable to located proof of an earlier electronic delivery. |
Document Uploaded. - 06/09/2025 |
Received disclosure - 06/10/2025 |
2025-06-10 15:05 | Resolved | 3 | 1 | 3 | 2 | ||||
| 83950 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4227089 | 2 of 3 | 2025-05-23 14:02 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-23 14:02 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 83950 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4227096 | 3 of 3 | 2025-05-23 14:03 | Credit | Audited DTI Exceeds Guideline DTI | Audited DTI exceeds guideline DTI. Subject DTI is 47.82. Borrower is a FTHB and per guidelines max DTI is 45%. |
Document Uploaded. Exception approval attached. Please clear condition. - 05/27/2025 |
Approved exception provided to DTI of 47.862% for FTHB. - 05/28/2025 |
Compensating factors listed as stable employment of 10 years, credit score 34 points over minimum requirement and 32 months extra reserves. | 2025-05-28 22:31 | Waived | 3 | 2 | 3 | 2 | |||
| 84650 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4319752 | 1 of 3 | 2025-06-03 20:13 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-06-03 20:13 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 84650 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4323175 | 2 of 3 | 2025-06-03 20:25 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-06-03 20:25 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 84650 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4323177 | 3 of 3 | 2025-06-03 20:26 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-06-03 20:26 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83951 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4219884 | 1 of 4 | 2025-05-22 19:57 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-05-22 19:57 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 83951 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4237590 | 2 of 4 | 2025-05-24 17:57 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-24 17:57 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 83951 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4238710 | 3 of 4 | 2025-05-25 23:20 | Credit | Corporation/LLC: Operating Agreement Doc is Missing | The loan file does not contain the Corporation/LLC: Operating Agreement. Document in file does not show borrower is XXXX of XXXX. |
Document Uploaded. CPA letter verifying ownership percentage is 95% is attached and 95% of net income on P&Ls used to qualify and CPA letter acceptable to verify ownership percentage per guidelines. Please clear condition. - 05/29/2025 |
Received tax preparer letter dated XXXX which states borrower has 95% ownership in the company and that the borrower has been in business for a minimum of two years. - 05/30/2025 |
2025-05-30 16:21 | Resolved | 3 | 1 | 3 | 2 | ||||
| 83951 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4238712 | 4 of 4 | 2025-05-25 23:24 | Credit | Audited DTI Exceeds Guideline DTI | Audited DTI exceeds guideline DTI. Origination calculated borrower's wage earnings with XXXX using a 3.83 month year-to-date XXXX earnings of $XXXX, when borrower's two-year income average experienced a 20%+ downturn. A letter was provided regarding XXXX earnings downturn; however, this pertained to borrower's self employment income and did not address borrower's wage income downturn in the year XXXX as compared to XXXX. A 15.83 month average earnings of XXXX earnings results in monthly wage income of $XXXX, resulting in a revised DTI of 45.91% and exceeds maximum DTI requirement of 45.00% per guidelines. |
Document Uploaded. Amended exception approval attached. Please clear condition - 05/30/2025 Document Uploaded. DTI exception approval attached, please clear condition - 05/29/2025 |
46% debt ratio on First Time Home Buyer transaction - A Formal exception is in file. - 06/02/2025 Received exception approval; however, the following compensating factor was not supported by documentation in file: 23 months reserves above required. After the subject transaction close and required minimum reserves of 6 months, the borrower had 18 months remaining reserves. Please modify compensating factor to reflect. - 05/30/2025 |
Compensating factors used are 10 years self employment, Rent paid as agreed, Credit score 83 points above minimum requirement, and 12 months reserves above minimum required. | 2025-06-02 15:27 | Waived | 3 | 2 | 3 | 2 | |||
| 84651 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4362153 | 1 of 3 | 2025-06-06 15:40 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-06-06 15:40 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 84651 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4371684 | 2 of 3 | 2025-06-07 13:57 | Property | No Property Findings | Loan meets applicable appraisal guidelines. |
2025-06-07 13:57 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 84651 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4371685 | 3 of 3 | 2025-06-07 13:57 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-06-07 13:57 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 83952 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4226122 | 1 of 3 | 2025-05-23 12:47 | Compliance | TRID: Missing Initial Closing Disclosure | The loan file does not contain the initial Closing Disclosure. The Initial Closing Disclosure is not present in the loan documents therefore I was unable to run compliance. Upon receipt of the disclosure additional findings may be added. |
Document Uploaded. Initial CD attached. Please clear condition - 05/28/2025 |
Received initial CD - 05/29/2025 |
2025-05-29 15:44 | Resolved | 4 | 1 | 4 | 1 | ||||
| 83952 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4242093 | 2 of 3 | 2025-05-27 12:57 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-05-27 12:57 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 83952 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4242095 | 3 of 3 | 2025-05-27 12:58 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-05-27 12:58 | Cleared | 1 | 1 | 4 | 1 | ||||||
| 84718 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 4414713 | 1 of 4 | 2025-06-11 18:56 | Credit | Income - Comparable Rent Schedule Form 1007 Missing | The loan file did not contain the comparable rent schedule form 1007 as required. A 1007 or 1025 Comparable Rent Schedule survey prepared by the appraiser is required on all DSCR transactions. |
Document Uploaded. Waived by client, rental income not being used to qualify. - 06/18/2025 |
57 months additional reserves above required amount per guidelines. Credit score 25 points higher than minimum required. |
2025-06-18 14:18 | Acknowledged | 3 | 2 | 3 | 2 | ||||
| 84718 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 4414863 | 2 of 4 | 2025-06-11 19:03 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-06-11 19:03 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 84718 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 4414864 | 3 of 4 | 2025-06-11 19:03 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-06-11 19:03 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 84718 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 4422150 | 4 of 4 | 2025-06-12 11:55 | Credit | Corporation/LLC: EIN Doc is Missing | The loan file does not contain the Coporation/LLC: EIN documentation. Missing the EIN #/Tax identification number Per guidelines The following Entity documentation must be provided: · Entity Articles of Organization, Partnership, and Operating Agreements (if applicable) · Tax Identification Number · Certificate of Good Standing |
Document Uploaded. - 06/12/2025 |
documentation meet guideline requirements - 06/16/2025 |
2025-06-16 14:56 | Resolved | 3 | 1 | 3 | 2 | ||||
| 84719 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4429357 | 1 of 3 | 2025-06-12 18:49 | Compliance | Federal - Closing Disclosure and Consummation Date | The Initial Closing Disclosure was provided on (XXXX) via (XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction not later than three business days prior to the consummation date of (XXXX). Since the Initial Closing Disclosure was not provided in person, a consumer is considered to have received it on (XXXX), which is three business days after it was delivered or placed in the mail. Since the Initial Closing Disclosure was not provided to the consumer in person, it should have been provided to the consumer no later than (XXXX), for consummation to occur on (XXXX). (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) The initial Closing disclosure is not signed and I was unable to locate proof of electronic delivery. |
Document Uploaded. - 06/23/2025 Document Uploaded. - 06/20/2025 |
Received e-signed initial CD - 06/25/2025 Received copies of the Final Settlement Statement and CD, however this finding is for receipt of the Initial CD. Please provide documentation of the borrower's receipt of the Initial CD. - 06/23/2025 |
2025-06-25 13:00 | Resolved | 3 | 1 | 3 | 1 | ||||
| 84719 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4497342 | 2 of 3 | 2025-06-19 13:06 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-06-19 13:06 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 84719 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4497344 | 3 of 3 | 2025-06-19 13:07 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-06-19 17:35 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 84720 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4445575 | 1 of 3 | 2025-06-13 19:55 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-06-13 19:55 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 84720 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4497438 | 2 of 3 | 2025-06-19 13:15 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-06-19 13:15 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 84720 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4497442 | 3 of 3 | 2025-06-19 13:15 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-06-19 13:15 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 84652 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 4317906 | 1 of 3 | 2025-06-03 18:52 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-06-03 18:52 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 84652 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 4317914 | 2 of 3 | 2025-06-03 18:52 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-06-03 18:52 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 84652 | XXXX | XXXX | XXXX | XXXX | Investment | Purchase | ATR/QM: Exempt | ATR/QM: Exempt | 4349093 | 3 of 3 | 2025-06-05 17:44 | Credit | Subject property Short Term Rental Income does not meet qualification | Short term rental income is not properly documented and/or does not meet guidelines. Guidelines require for investment purchase transactions utilizing XXXX reports the following: Occupancy rate > 60%. Per XXXX summary analysis for the subject property, the occupancy rate is estimated at 50% which does not meet minimum guideline requirement and no approved exception was provided to address the matter. |
Document Uploaded. Exception approval to use XXXX w/50% occupancy rate attached. Used net rental income on XXXX to calculate DSCR which is XXXX /XXXX PITIA = 1.22. Please clear condition. - 06/11/2025 |
Using XXXX market estimate with Occupancy Rate at 50% - A formal exception is in file. - 06/12/2025 |
Compensating factors confirmed were As agreed mortgage history since XXXX, Credit score 149 points above minimum requirement, LTV 33% below maximum, and DSCR above minimum requirement. | 2025-06-12 19:43 | Waived | 3 | 2 | 3 | 2 | |||
| 84653 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4300688 | 1 of 3 | 2025-06-02 16:43 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-06-02 16:43 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 84653 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4300694 | 2 of 3 | 2025-06-02 16:43 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-06-02 16:43 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 84653 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4300697 | 3 of 3 | 2025-06-02 16:43 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-06-30 15:00 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 84654 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4298117 | 1 of 3 | 2025-06-02 14:39 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-06-02 14:39 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 84654 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4298118 | 2 of 3 | 2025-06-02 14:40 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-06-02 14:40 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 84654 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4298188 | 3 of 3 | 2025-06-02 14:45 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-06-30 14:59 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 84721 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | 4424087 | 1 of 3 | 2025-06-12 14:17 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-06-12 14:17 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 84721 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | 4498151 | 2 of 3 | 2025-06-19 14:12 | Credit | Evidence of Property Tax Missing | Missing evidence of property tax. Unable to locate the property tax documentation to support $XXXX monthly. |
Per the underwriter it was supposed to be 1.25% of the purchase price for XXXX property but he used higher amount indicated on 1008. Please clear condition. - 06/23/2025 |
Received explanation. Guidelines do not specify using 1.25% protocol for XXXX property tax estimation. The Tax Information sheets in file were blank, and the borrowers chose to waive escrow so no impound estimate noted on the XXX Settlement Statement. Obtained subject property tax bill from XXXX website and confirmed tax rate of subject property is XXXX and total Direct Assessments for the property was $XXXX. Based on this information along with sales price of $XXXX, annual property tax calculation is $XXXX (($XXXX x XXXX%) + $XXXX), resulting in revised DTI of 46.71%. DTI maximum per guidelines is 50.0%. - 06/26/2025 |
2025-06-26 17:17 | Resolved | 3 | 1 | 3 | 1 | ||||
| 84721 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | 4498795 | 3 of 3 | 2025-06-19 14:57 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-06-19 14:57 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 84722 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4502311 | 1 of 3 | 2025-06-19 18:53 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-06-19 18:53 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 84722 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4520836 | 2 of 3 | 2025-06-21 14:39 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-06-21 14:39 | Cleared | 1 | 1 | 3 | 2 | ||||||
| 84722 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Refinance | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4520838 | 3 of 3 | 2025-06-21 14:42 | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. Subject income documented using Business Bank Statements. The bank statements reflect 14 Overdraft/NSFs including 4 in the most recent 3 months. Guidelines allow only 1 in the most recent 3 months, but an exception was given to allow. The formal approved exception is missing compensating factors. |
Document Uploaded. - 06/25/2025 |
14 overdraft fees/four in the most recent three months when guidelines allow one overdraft fee in the most recent three months - A formal exception is in file. - 06/26/2025 |
Compensating factors used were LTV is 10% below program maximum, 10 years subject property ownership, DTI 39% below program maximum, and Reserves 46 months above program minimum. | 2025-06-26 19:59 | Waived | 3 | 2 | 3 | 2 | |||
| 84655 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4333006 | 1 of 5 | 2025-06-04 16:47 | Credit | Cash To Borrower does not meet eligibility requirement(s) | It could not be determined if there was a cashout refinance in XXXX. The guidelines have stipulations for a 6 month seasoning period from the last cashout refinance. The appraiser states that the deed was transferred to the borrower for an amount of $XXXX and the property report reflects a commercial loan of $XXXX on XXXX. A closing statement would need to be provided to reflect if the mortgage was in fact a cash out refinance. |
Document Uploaded. XXXX on XXXX attached shows no cash out. Please clear condition. - 06/12/2025 |
Received XXXX settlement statement for previous subject transaction which shows it was a rate/term refinance. - 06/13/2025 |
Per the guidelines, | 2025-06-13 16:18 | Resolved | 3 | 1 | 3 | 1 | |||
| 84655 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4333026 | 2 of 5 | 2025-06-04 16:50 | Credit | Liabilities - REO | The loan file did not contain sufficient documentation to verify debts associated with all other properties. Provide documentation to support HOA payment information for XXXX and XXXX. Also, provide documentation to support property tax payment for XXXX. |
Document Uploaded. Properties noted are not in PUD or condo and do not have HOA's but attached is property tax info on XXXX. Please clear condition. - 06/10/2025 |
Received Property Report for primary residence which supports $XXXX monthly taxes ($XXXX annual). Received verbal no HOA on primary residence and XXXX properties. PerXXXX, no HOA dues noted for both properties and both properties were built early 20th century. - 06/12/2025 |
2025-06-12 17:11 | Resolved | 3 | 1 | 3 | 1 | ||||
| 84655 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4333054 | 3 of 5 | 2025-06-04 16:51 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-06-04 16:51 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 84655 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4333296 | 4 of 5 | 2025-06-04 17:07 | Compliance | No Compliance Tests Performed | DSCR / Business Purpose loans are exempt from Reg Z and Reg X. |
2025-06-04 17:07 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 84655 | XXXX | XXXX | XXXX | XXXX | Investment | Refinance | ATR/QM: Exempt | ATR/QM: Exempt | 4339235 | 5 of 5 | 2025-06-04 22:38 | Credit | Program Parameters - Guidelines Conformity | The subject loan does not conform to program guidelines. The subject property was approved as an investment refinance transaction. However, the appraisal report noted that the subject property is owner-occupied. |
Document Uploaded. Appraisal with occupancy correction attached. Please clear condition - 06/26/2025 |
Received corrected appraisal report. - 06/28/2025 |
2025-06-28 04:43 | Resolved | 3 | 1 | 3 | 1 | ||||
| 84725 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4426836 | 1 of 3 | 2025-06-12 16:38 | Compliance | No Compliance Findings | The loan meets all applicable compliance guidelines. |
2025-06-12 16:38 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 84725 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4498393 | 2 of 3 | 2025-06-19 14:27 | Credit | No Credit Findings | The loan meets all applicable credit guidelines. |
2025-06-19 14:27 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 84725 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4498400 | 3 of 3 | 2025-06-19 14:27 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-06-19 14:27 | Cleared | 1 | 1 | 1 | 1 | ||||||
| 84726 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4503095 | 1 of 3 | 2025-06-19 19:26 | Compliance | Federal - Qualified Mortgage Loan Features (01/14) | This loan cannot be a General Qualified Mortgage. The (120.0) months interest only payments make it ineligible. (12 CFR 1026.43(e)(2)(i)(B)) . |
This is a XXXX program - 06/23/2025 |
NA - 06/26/2025 |
2025-06-26 15:28 | Cleared | 3 | 1 | 3 | 1 | ||||
| 84726 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4530706 | 2 of 3 | 2025-06-23 17:45 | Property | Value - Value is supported within -10% of original appraisal amount | The appraised value was supported within -10% and all applicable appraisal guidelines were satisfied. |
2025-06-23 17:45 | Cleared | 1 | 1 | 3 | 1 | ||||||
| 84726 | XXXX | XXXX | XXXX | XXXX | Primary Residence | Purchase | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | 4530755 | 3 of 3 | 2025-06-23 17:47 | Credit | Assets - Earnest Money Deposit | The earnest money deposit was not properly documented and/or sourced. Total XXXX for the subject is $XXXX paid in two equal amounts of $XXXX. File contains 2 cashier's checks drawn from XXXX accounts. These amounts are not present on borrowers' bank statements. Provide documentation that these were borrower's funds. |
Document Uploaded. There was only one XXXX of $XXXX per the purchase contract. The borrower originally provided a cashier's check for $XXXX on XXXX to escrow and withdrew the funds from his business account. The Final Settlement Stmt shows it was refunded to business account. Attached is the documentation for the one XXXX used drawn from his personal account. Please clear condition. - 06/27/2025 |
Documentation provided is sufficient. - 06/29/2025 |
2025-06-29 23:51 | Resolved | 3 | 1 | 3 | 1 |