Exhibit 99.5 Schedule 2

Exception Grades

Run Date - 7/29/2025 2:39:50 PM

SitusAMC Loan ID

Customer Loan ID

Seller Loan ID

Investor Loan Number

Loan Exception ID

Exception ID

Exception Date

Exception Type

Exception Category

Exception Subcategory

15E Category

Exception

Exception Detail

Exception Information

Compensating Factors

Compensating Factor Information

Applying Party

Follow-up Comments

Cleared Date

Cured Date

Waived Date

Exception Level Grade

DBRS Initial Exception Rating

DBRS Final Exception Rating

Fitch Initial Exception Rating

Fitch Final Exception Rating

Kroll Initial Exception Rating

Kroll Final Exception Rating

Moody's Initial Exception Rating

Moody's Final Exception Rating

S&P Initial Exception Rating

S&P Final Exception Rating

Note Date

Property State

Occupancy

Purpose

Exception Remediation

Overall Initial Loan Grade

Overall Final Loan Grade

Credit Initial Loan Grade

Credit Final Loan Grade

Compliance Initial Loan Grade

Compliance Final Loan Grade

Property Initial Loan Grade

Property Final Loan Grade

Originator QM ATR Status

TPR QM ATR Status

Is Curable

223792538

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Does not meet agency guidelines. Loan does not meet seasoning, first payment for original loan was [redacted]and new loan closed [redacted].

Reviewer Comment (2023-06-15): S&D reason

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Refinance - Cash-out - Other

D

D

C

C

C

C

D

D

Non QM

ATR Fail

No

223792538

xx

xx

xx

xx

Credit

Compliance

Federal Compliance

ATR/QM Defect

VA Non IRRRL Loan -  Total Borrower Paid Fees Exceeds[redacted]%

Origination Fee and/or Itemized Fees and Charges paid by the borrower $[redacted], exceeds[redacted]% of the loan amount of $[redacted] or $[redacted]

3

C

C

C

C

C

C

C

C

C

C

AZ

Primary

Refinance - Cash-out - Other

LOE, refund check or principal curtailment documentation, and proof of delivery.

D

D

C

C

C

C

D

D

Non QM

ATR Fail

Yes

223792538

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA -  Initial Escrow Account statement Inaccurate

RESPA: Initial escrow account statement does not match charges on HUD-x/Final Closing Disclosure.

RESPA: Initial escrow account statement signed by borrower dated [redacted]does not match charges on HUD-x/Final Closing Disclosure. Initial deposit shows $[redacted] but HUD shows $[redacted]

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Refinance - Cash-out - Other

If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required.

D

D

C

C

C

C

D

D

Non QM

ATR Fail

Yes

223792538

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR

Ability to Repay ([redacted]: Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail.

Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail.

3

B

B

C

C

B

B

C

C

B

B

AZ

Primary

Refinance - Cash-out - Other

Lender to provide updated ATR/QM status

D

D

C

C

C

C

D

D

Non QM

ATR Fail

Yes

223792538

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Employment -[redacted]

Ability to Repay ([redacted]): Unable to verify current [redacted] employment status using reasonably reliable third-party records.

Unable to verify current Wages/W-x employment status using reasonably reliable third-party records. [redacted] is missing.

3

C

C

C

C

C

C

C

C

C

C

AZ

Primary

Refinance - Cash-out - Other

D

D

C

C

C

C

D

D

Non QM

ATR Fail

No

223792538

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID[redacted]Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure:[redacted] Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

[redacted]Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Insufficient or no cure was provided to the borrower. ([redacted])

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Refinance - Cash-out - Other

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

D

D

C

C

C

C

D

D

Non QM

ATR Fail

Yes

223792538

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized.  Secondary  valuation is missing.; Sec[redacted]

Note Date:  ___; Lien Position: ___

3

D

D

D

D

D

D

D

D

D

D

AZ

Primary

Refinance - Cash-out - Other

D

D

C

C

C

C

D

D

Non QM

ATR Fail

No

223792540

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Loan closed over Max VA Entitlement. Max entitlement should have been $[redacted] but closed at $[redacted]. Loan is current

Reviewer Comment (2023-06-15): S&D Reason

2

B

B

B

B

B

B

B

B

B

B

WY

Primary

Purchase

D

D

C

C

C

C

D

D

Non QM

ATR Fail

No

223792540

xx

xx

xx

xx

Credit

Loan Package Documentation

Government Documentation

Loan Package Documentation

Loan Guaranty Certificate is missing.

-

3

C

C

C

C

C

C

C

C

C

C

WY

Primary

Purchase

D

D

C

C

C

C

D

D

Non QM

ATR Fail

No

223792540

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized.  Secondary  valuation is missing.; Sec[redacted]

Note Date:  ___; Lien Position: ___

3

D

D

D

D

D

D

D

D

D

D

WY

Primary

Purchase

D

D

C

C

C

C

D

D

Non QM

ATR Fail

No

223792540

xx

xx

xx

xx

Credit

Compliance

Federal Compliance

ATR/QM Defect

VA Non IRRRL Loan -  Total Borrower Paid Fees Exceeds [redacted]%

Origination Fee and/or Itemized Fees and Charges paid by the borrower $[redacted], exceeds[redacted]% of the loan amount of $[redacted] or $[redacted]

3

C

C

C

C

C

C

C

C

C

C

WY

Primary

Purchase

LOE, refund check or principal curtailment documentation, and proof of delivery.

D

D

C

C

C

C

D

D

Non QM

ATR Fail

Yes

223792540

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR

Ability to Repay ([redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail.

[redacted] testing to Non QM  due to missing signed copies of tax returns for most recent years.

3

B

B

C

C

B

B

C

C

B

B

WY

Primary

Purchase

Lender to provide updated ATR/QM status

D

D

C

C

C

C

D

D

Non QM

ATR Fail

Yes

223792540

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Income and Assets - Schedule [redacted]

Ability to Repay ([redacted]): Unable to verify [redacted] income using reasonably reliable [redacted]-party records.

Signed copies of tax returns for most recent years was required. Copies of tax returns are unsigned.

3

C

C

C

C

C

C

C

C

C

C

WY

Primary

Purchase

D

D

C

C

C

C

D

D

Non QM

ATR Fail

No

223792540

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income documentation requirements not met.

Signed dated tax returns required, but copies received were not signed or dated.

3

C

C

C

C

C

C

C

C

C

C

WY

Primary

Purchase

D

D

C

C

C

C

D

D

Non QM

ATR Fail

No

223792540

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines

Ability to Repay ([redacted]): The DTI calculated in accordance with the Lenders Guidelines and[redacted]([redacted])([redacted]) of[redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.)

3

C

C

C

C

C

C

C

C

C

C

WY

Primary

Purchase

D

D

C

C

C

C

D

D

Non QM

ATR Fail

No

223792540

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Income/Asset Guideline Deficiency - ATR Impact

Ability to Repay ([redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.)

3

C

C

C

C

C

C

C

C

C

C

WY

Primary

Purchase

D

D

C

C

C

C

D

D

Non QM

ATR Fail

No

223792540

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay ([redacted]): Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk.

Waterfall testing to ATR risk due to missing signed income tax returns.

3

C

C

C

C

C

C

C

C

C

C

WY

Primary

Purchase

D

D

C

C

C

C

D

D

Non QM

ATR Fail

No

223792542

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized.  Secondary  valuation is missing.; Sec [redacted]

Note Date:  ___; Lien Position: ___

Seller Comment (2023-10-20): [redacted] to review Seller Comment (2023-10-20): buyer to address

3

D

D

D

D

D

D

D

D

D

D

PA

Primary

Purchase

D

D

B

B

A

A

D

D

Non QM

Non QM

No

223792542

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D - Property is a mixed use[redacted]unit.  Agency only allows for a [redacted] unit when mixed use

Reviewer Comment (2023-09-28): Reason for S&D.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Purchase

D

D

B

B

A

A

D

D

Non QM

Non QM

No

223792543

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal was made "subject to" and Form [redacted]was not provided.

-

Reviewer Comment (2024-01-11): S&D reason

3

C

C

C

C

C

C

C

C

C

C

TX

Investment

Refinance - Cash-out - Other

D

D

C

C

A

A

D

D

N/A

N/A

No

223792543

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized.  Secondary  valuation is missing.; Sec [redacted]

Note Date:  ___; Lien Position: ___

Reviewer Comment (2024-01-16): Client accepts per email [redacted] Seller Comment (2024-01-12): waterfall down to EV2 rating - [redacted] not responsible for secondary valuation on S&D loans

01/16/2024

3

D

D

D

D

D

D

D

D

D

D

TX

Investment

Refinance - Cash-out - Other

D

D

C

C

A

A

D

D

N/A

N/A

No

223792543

xx

xx

xx

xx

Credit

Missing Document

General

Missing Document

Missing Document:[redacted] Rent Comparison Schedule not provided

Reviewer Comment (2024-01-16): Rental income not used to qualify Seller Comment (2024-01-12): per Guidelines this is only required if you are utilizing rental income to qualify - for this loan no rental income was utilized in qualifying

01/16/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Investment

Refinance - Cash-out - Other

D

D

C

C

A

A

D

D

N/A

N/A

No

223792543

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Investor qualifying total debt ratio discrepancy.

Calculated investor qualifying total debt ratio of ___ exceeds AUS total debt ratio of ___.

DTI exceeds AUS due to increase in insurance

Reviewer Comment (2024-01-19): Rental loss is $[redacted] - P&I of $[redacted], hazard insurance of $[redacted] and tax of $[redacted] Seller Comment (2024-01-17): how are you getting $[redacted] as the rental loss? Reviewer Comment (2024-01-16): Rental loss is $[redacted] - P&I of $[redacted], hazard insurance of $[redacted] and tax of $[redacted] Seller Comment (2024-01-12): Monthly Debts [redacted] $[redacted] / $[redacted]monthly income = [redacted]% DTI Debts = $[redacted] + rental loss $[redacted] + child support $[redacted]which totals out to $[redacted]

3

C

C

C

C

C

C

C

C

C

C

TX

Investment

Refinance - Cash-out - Other

D

D

C

C

A

A

D

D

N/A

N/A

No

223792543

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

eNote - Repurchased loan due to Collateral-Structural: The mortgage file lacked the following required documentation: Pictures to support "subject to" repairs were completed. A request was made for the missing documentation; however, the lender provided a copy of a paid invoice for the plumbing repairs in leu of the pictures. The plumbing repair invoice does not verify that the crack on the exterior was superficial or was repaired (a structural engineer's report is required) or that the rotted trim was remediated as required. Without the additional photographs verifying all of the repairs have been completed, the condition, marketability and value of the subject property is not supported.

Reviewer Comment (2024-01-11): S&D reason

2

B

B

B

B

B

B

B

B

B

B

TX

Investment

Refinance - Cash-out - Other

D

D

C

C

A

A

D

D

N/A

N/A

No

223792543

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Note is eSigned

3

C

C

C

C

C

C

C

C

C

C

TX

Investment

Refinance - Cash-out - Other

D

D

C

C

A

A

D

D

N/A

N/A

No

223792545

xx

xx

xx

xx

Credit

Insurance

Insurance Analysis

Insurance

Insufficient Coverage: Hazard insurance coverage amount is insufficient.

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Purchase

C

C

B

A

Non QM

Non QM

No

223792545

xx

xx

xx

xx

Credit

Asset

Asset Calculation / Analysis

Asset

Available for Closing is insufficient to cover Cash From Borrower.

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Purchase

C

C

B

A

Non QM

Non QM

No

223792545

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

C

C

B

A

Non QM

Non QM

No

223792545

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

C

B

A

Non QM

Non QM

Yes

223792545

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Provided Prior to Date Performed

ECOA Valuations Rule ([redacted]): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

C

C

B

A

Non QM

Non QM

No

223792545

xx

xx

xx

xx

Credit

Disclosure

Missing Document

Disclosure

E-sign Consent Agreement is missing.

-

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Purchase

C

C

B

A

Non QM

Non QM

No

223792545

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

C

C

B

A

Non QM

Non QM

No

223792547

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Most Recent Valuation Inspection Date: ___                  Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___

Need a post disaster property inspection report showing no damage to the subject property.

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Purchase

C

C

C

A

Temporary SHQM (GSE/Agency Eligible)

Temporary HPQM (GSE/Agency Eligible)

No

223792547

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Bankruptcy Documents not provided

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Purchase

C

C

C

A

Temporary SHQM (GSE/Agency Eligible)

Temporary HPQM (GSE/Agency Eligible)

No

223792547

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage ([redacted]): Originator Loan Designation of Temporary SHQM (GSE/Agency Eligible) does not match Due Diligence Loan Designation of Temporary HPQM (GSE/Agency Eligible).

Originator Loan Designation of Temporary SHQM (GSE/Agency Eligible) does not match Due Diligence Loan Designation of Temporary HPQM (GSE/Agency Eligible).

3

B

B

C

C

B

B

C

C

B

B

FL

Primary

Purchase

Lender to provide updated ATR/QM status

C

C

C

A

Temporary SHQM (GSE/Agency Eligible)

Temporary HPQM (GSE/Agency Eligible)

Yes

223792547

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Document Preparation Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

No cure provided

Reviewer Comment (2024-02-26): Sufficient Cure Provided At Closing

02/26/2024

1

A

A

A

A

A

A

A

A

A

A

FL

Primary

Purchase

Final CD evidences Cure

C

C

C

A

Temporary SHQM (GSE/Agency Eligible)

Temporary HPQM (GSE/Agency Eligible)

Yes

223792548

xx

xx

xx

xx

Credit

Insurance

Insurance Analysis

Insurance

Insufficient Coverage: Hazard insurance coverage amount is insufficient.

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Refinance - Streamlined

C

C

C

A

Non QM

ATR Fail

No

223792548

xx

xx

xx

xx

Credit

Document Error

General

Document Error

VA - Veteran's Statement - Initial is missing.

-

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Refinance - Streamlined

C

C

C

A

Non QM

ATR Fail

No

223792548

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

02/26/2024

1

A

A

A

A

A

A

A

A

A

A

NC

Primary

Refinance - Streamlined

Final CD evidences Cure

C

C

C

A

Non QM

ATR Fail

Yes

223792548

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for VA Funding Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

02/26/2024

1

A

A

A

A

A

A

A

A

A

A

NC

Primary

Refinance - Streamlined

Final CD evidences Cure

C

C

C

A

Non QM

ATR Fail

Yes

223792548

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR

Ability to Repay ([redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail.

3

B

B

C

C

B

B

C

C

B

B

NC

Primary

Refinance - Streamlined

Lender to provide updated ATR/QM status

C

C

C

A

Non QM

ATR Fail

Yes

223792548

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Income and Assets - No Income Provided

Ability to Repay ([redacted]): No income or assets converted to a monthly amount was provided to demonstrate ability to repay.

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Refinance - Streamlined

C

C

C

A

Non QM

ATR Fail

No

223792548

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Income and Assets - Wages

Ability to Repay ([redacted]):  Unable to verify income due to, missing  [redacted], [redacted], LES, ETS or WVOE.

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Refinance - Streamlined

C

C

C

A

Non QM

ATR Fail

No

223792548

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines Not Provided

Ability to Repay ([redacted]): Unable to determine ability to repay due to missing guidelines. Loan characteristics are DTI: %, LTV/CLTV: [redacted]%/[redacted]%, Credit Score: [redacted], Occupancy: [redacted] Purpose: [redacted]e, Streamlined

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Refinance - Streamlined

C

C

C

A

Non QM

ATR Fail

No

223792548

xx

xx

xx

xx

Credit

Document Error

General

Document Error

Signature requirements per the VA Loan Disbursement Form xx-xxxx were not met.

-

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Refinance - Streamlined

C

C

C

A

Non QM

ATR Fail

No

223792548

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay - Missing Investor Guideline Qualifying Total Debt Ratio

Unable to complete ATR testing due to missing investor guideline qualifying total debt ratio.

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Refinance - Streamlined

C

C

C

A

Non QM

ATR Fail

No

223792548

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Employment - W-x

Ability to Repay ([redacted]): Unable to verify current Wages/W-x employment status using reasonably reliable third-party records.

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Refinance - Streamlined

C

C

C

A

Non QM

ATR Fail

No

223792548

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Refinance - Streamlined

C

C

C

A

Non QM

ATR Fail

No

223792549

xx

xx

xx

xx

Credit

Missing Document

General

Missing Document

Incomplete Document: Closing Disclosure is incomplete

Incomplete CD - CD is missing date issued, closing date, and disbursement date

Reviewer Comment (2024-03-05): Waive per client email dated [redacted]

03/05/2024

3

C

C

C

C

C

C

C

C

C

C

MD

Primary

Construction-Permanent

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792549

xx

xx

xx

xx

Credit

Missing Document

General

Missing Document

Incomplete Document: Closing Disclosure is incomplete

Incomplete CD - CD is missing date issued, closing date, and disbursement date

Reviewer Comment (2024-03-05): Waive per client email dated [redacted]

03/05/2024

3

C

C

C

C

C

C

C

C

C

C

MD

Primary

Construction-Permanent

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792549

xx

xx

xx

xx

Credit

Missing Document

General

Missing Document

Incomplete Document: Closing Disclosure is incomplete

Incomplete CD - CD is missing date issued, closing date, and disbursement date

Reviewer Comment (2024-03-05): Waive per client email dated [redacted]

03/05/2024

3

C

C

C

C

C

C

C

C

C

C

MD

Primary

Construction-Permanent

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792549

xx

xx

xx

xx

Credit

Missing Document

General

Missing Document

Incomplete Document: Closing Disclosure is incomplete

Incomplete CD - CD is missing date issued, closing date, and disbursement date

Reviewer Comment (2024-03-05): Waive per client email dated [redacted]

03/05/2024

3

C

C

C

C

C

C

C

C

C

C

MD

Primary

Construction-Permanent

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792549

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Escrowed Property Costs Year [redacted] Overdisclosed - [redacted] Construction Permanent

TILA-RESPA Integrated Disclosure - Loan Disclosures: Escrowed Property Costs over Year[redacted]of [redacted] on Final Closing Disclosure provided on [redacted] are overdisclosed.

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Construction-Permanent

Letter of Explanation & Corrected Closing Disclosure

C

C

C

C

B

B

A

A

Non QM

Non QM

Yes

223792549

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Estimated Total Minimum Payment Construction Permanent

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an Estimated Total Monthly Payment for payment stream [redacted] that does not match the actual total payment for the loan.

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Construction-Permanent

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

C

C

C

B

B

A

A

Non QM

Non QM

Yes

223792549

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted]Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-02-22): Sufficient Cure Provided At Closing

02/22/2024

1

A

A

A

A

A

A

A

A

A

A

MD

Primary

Construction-Permanent

Final CD evidences Cure

C

C

C

C

B

B

A

A

Non QM

Non QM

Yes

223792549

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Title - Abstract / Title Search.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-02-22): Sufficient Cure Provided At Closing

02/22/2024

1

A

A

A

A

A

A

A

A

A

A

MD

Primary

Construction-Permanent

Final CD evidences Cure

C

C

C

C

B

B

A

A

Non QM

Non QM

Yes

223792549

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Title - Wire /Funding/ Disbursement Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-02-22): Sufficient Cure Provided At Closing

02/22/2024

1

A

A

A

A

A

A

A

A

A

A

MD

Primary

Construction-Permanent

Final CD evidences Cure

C

C

C

C

B

B

A

A

Non QM

Non QM

Yes

223792549

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Closing Disclosure Issue Date Not Provided

TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [redacted] did not disclose the actual Date Issued. Compliance testing may be unreliable using an estimated Date Issued based on best information available.

Incomplete CD

Reviewer Comment (2024-03-05): Waive per client email dated [redacted]

03/05/2024

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Construction-Permanent

Good Faith Redisclosure

C

C

C

C

B

B

A

A

Non QM

Non QM

Yes

223792549

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Closing Disclosure Issue Date Not Provided

TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [redacted] did not disclose the actual Date Issued. Compliance testing may be unreliable using an estimated Date Issued based on best information available.

Incomplete CD

Reviewer Comment (2024-03-05): Waive per client email dated [redacted]

03/05/2024

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Construction-Permanent

Good Faith Redisclosure

C

C

C

C

B

B

A

A

Non QM

Non QM

Yes

223792549

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Closing Disclosure Issue Date Not Provided

TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [redacted] did not disclose the actual Date Issued. Compliance testing may be unreliable using an estimated Date Issued based on best information available.

Incomplete CD

Reviewer Comment (2024-03-05): Waive per client email dated [redacted]

03/05/2024

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Construction-Permanent

Good Faith Redisclosure

C

C

C

C

B

B

A

A

Non QM

Non QM

Yes

223792549

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Closing Disclosure Issue Date Not Provided

TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [redacted] did not disclose the actual Date Issued. Compliance testing may be unreliable using an estimated Date Issued based on best information available.

Incomplete CD

Reviewer Comment (2024-03-05): Waive per client email dated [redacted]

03/05/2024

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Construction-Permanent

Good Faith Redisclosure

C

C

C

C

B

B

A

A

Non QM

Non QM

Yes

223792549

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure AP Table First Change

TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on [redacted] disclosed a First Change minimum, maximum, and payment period that does not match the actual terms for the loan.

[redacted] year I/O loan

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Construction-Permanent

Letter of Explanation & Corrected Closing Disclosure

C

C

C

C

B

B

A

A

Non QM

Non QM

Yes

223792549

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure AP Table Subsequent Changes

TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on [redacted] disclosed a Subsequent Changes period that does not match the actual terms for the loan.

[redacted] year I/O loan

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Construction-Permanent

Letter of Explanation & Corrected Closing Disclosure

C

C

C

C

B

B

A

A

Non QM

Non QM

Yes

223792549

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Will Have Escrow -  Monthly Escrow Payment Underdisclosed

TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan.

[redacted] year I/O loan

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Construction-Permanent

Letter of Explanation & Corrected Closing Disclosure

C

C

C

C

B

B

A

A

Non QM

Non QM

Yes

223792549

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

S&D Reason: Aged loan. Exceeds time period for delivery

Reviewer Comment (2024-02-25): S&D reason

3

C

C

C

C

C

C

C

C

C

C

MD

Primary

Construction-Permanent

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792549

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule ([redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Construction-Permanent

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792550

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.

The subject property is located in a FEMA disaster area.Loan closed with PIW. A post disaster inspection after [redacted] is required verifying there was no damage to the subject property.

Reviewer Comment (2024-03-19): Exception has been cleared.  Post Disaster Inspection was provided.

03/19/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792550

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized, and was originated with an Appraisal Waiver. The supporting secondary valuation is missing.; Sec [redacted]

Note Date:  ___; Lien Position: ___

Loan is to go in a securitization and was closed with a Property Inspection Waiver (PIW). A valuation product supporting the stated PIW value is required.

3

D

D

B

B

D

D

C

C

D

D

CA

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792550

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage ([redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Loan designation failure due to Points and Fees.

Reviewer Comment (2024-04-17): Undiscounted rate and price provided. Reviewer Comment (2024-04-11): A pricing sheet reflecting an undiscounted rate and undiscounted price was not located. Seller Comment (2024-04-10): Disagree based on bona fide discount points. Pricing sheet provided.

04/17/2024

1

B

A

C

A

B

A

C

A

B

A

CA

Primary

Purchase

Lender to provide updated ATR/QM status

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223792550

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM Points and Fees [redacted]

Qualified Mortgage ([redacted]): Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted] on a Federal Total Loan Amount of $[redacted] vs. an allowable total of $[redacted] (an overage of $[redacted] or .[redacted]%).

Points and Fees calculation includes loan discount points, processing and underwriting fees all paid to lender that exceed allowable tolerance of [redacted]%. File does not contain evidence discount points are bona fide including the adjusted rate, at the price of [redacted], at time of lock.

Reviewer Comment (2024-04-17): Undiscounted rate and price provided. Reviewer Comment (2024-04-11): A pricing sheet reflecting an undiscounted rate and undiscounted price was not located. Reviewer Comment (2024-04-10): EXCEPTION HISTORY - Exception Detail was updated on [redacted] PRIOR Exception Detail: Qualified Mortgage ([redacted]): Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted] on a Federal Total Loan Amount of $[redacted] vs. an allowable total of $[redacted] (an overage of $[redacted] or .[redacted]%). Seller Comment (2024-04-10): Disagree based on bona fide discount points. Pricing sheet provided.

04/17/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792550

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing.

One Closing Disclosure provided in file, issued [redacted] and signed by the borrower on [redacted].

2

C

B

C

B

C

B

C

B

C

B

CA

Primary

Purchase

No Defined Cure

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792550

xx

xx

xx

xx

Credit

Loan Package Documentation

Loan File

Missing Document

Missing Document: Hazard Insurance Policy not provided

Blanket policy not provided.

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792550

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D - Condo ineligible

Reviewer Comment (2024-03-11): S&D Reason

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792551

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

The subject property is located in a FEMA disaster area. A post disaster inspection verifying there was no damage to the subject property is required.

Reviewer Comment (2024-03-19): Exception cleared.  A post disaster inspection was provided.

03/19/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792551

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

Appraisal Fee was disclosed as $[redacted] on initial LE but disclosed as $[redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

Yes

223792551

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA -  Initial Escrow Account statement Inaccurate

RESPA: Initial escrow account statement does not match charges on HUD-x/Final Closing Disclosure.

Initial escrow account statement does not match with closing disclosure since the initial escrow account statement included with the mortgage insurance and page [redacted] of final closing disclosure does not include the mortgage insurance.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required.

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

Yes

223792551

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

Reason for S&D:  DTI ineligible.

Reviewer Comment (2024-03-11): Reason for S&D:  DTI ineligible.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792551

xx

xx

xx

xx

Credit

Asset

Asset Documentation

Asset

Asset documentation requirements not met.

The AUS approval required [redacted]months statements for depository accounts and only one statement was provided for the Credit Union accounts.

Reviewer Comment (2024-04-10): Exception cleared.  Sufficient assets were verified without the funds in these accounts. Seller Comment (2024-04-10): Loan reviewed to ATR standard. Agree only[redacted] month of bank statements in file.

04/10/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792551

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Appendix Q Liabilities - Invalid Exclusion Basis

Qualified Mortgage ([redacted]): One or more liabilities have been excluded from DTI calculation for a prohibited reason.

The AUS approval required [redacted] months statements for depository accounts and only one statement was provided for the Credit Union accounts, causing the loan to waterfall through the QM Testing.

Reviewer Comment (2024-04-10): Exception cleared.  Assets verified as required.

04/10/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792551

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Income Method of Calculation

Qualified Mortgage ([redacted]): The Method used to calculate the qualifying monthly income is not supported by the earnings history/trend.

The AUS approval required [redacted] months statements for depository accounts and only one statement was provided for the Credit Union accounts, causing the loan to waterfall through the QM Testing.

Reviewer Comment (2024-04-10): Exception cleared.  Assets verified as required.

04/10/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792551

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Partnership Income Documentation Test

Qualified Mortgage ([redacted]): Self-employed income documentation not sufficient (Partnership).

The AUS approval required [redacted] months statements for depository accounts and only one statement was provided for the Credit Union accounts, causing the loan to waterfall through the QM Testing.

Reviewer Comment (2024-04-10): Exception cleared.  Assets verified as required.

04/10/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792551

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM Employment History - Current Employment Documentation lacks Date Info

Qualified Mortgage ([redacted]): Missing Employment Dates to verify two years current employment.

The AUS approval required [redacted] months statements for depository accounts and only one statement was provided for the Credit Union accounts, causing the loan to waterfall through the QM Testing.

Reviewer Comment (2024-04-10): Exception cleared.  Assets verified as required.

04/10/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792551

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

S-Corp Income Documentation Test

Qualified Mortgage ([redacted]): Self-employed income documentation not sufficient (S-Corp).

The AUS approval required[redacted] months statements for depository accounts and only one statement was provided for the Credit Union accounts, causing the loan to waterfall through the QM Testing.

Reviewer Comment (2024-04-10): Exception cleared.  Assets verified as required.

04/10/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792551

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Employment - [redacted]

Ability to Repay ([redacted]): Unable to verify current Wages/W-x employment status using reasonably reliable third-party records.

The AUS approval required [redacted] months statements for depository accounts and only one statement was provided for the Credit Union accounts, causing the loan to waterfall through the QM Testing.

Reviewer Comment (2024-04-10): Exception cleared.  Assets verified as required.

04/10/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792551

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Income/Asset Guideline Deficiency - ATR Impact

Ability to Repay ([redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.)

The AUS approval required [redacted]months statements for depository accounts and only one statement was provided for the Credit Union accounts, causing the loan to waterfall through the QM Testing.

Reviewer Comment (2024-04-10): Exception cleared.  Assets verified as required.

04/10/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792551

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM

NonQM ATR

Ability-to-Repay ([redacted]): General Ability-to-Repay requirements not satisfied.

The AUS approval required [redacted] months statements for depository accounts and only one statement was provided for the Credit Union accounts, causing the loan to waterfall through the QM Testing.

Reviewer Comment (2024-04-10): Exception cleared.  Assets verified as required.

04/10/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792551

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage ([redacted]): Originator Loan Designation of Temporary SHQM (GSE/Agency Eligible) does not match Due Diligence Loan Designation of ATR Fail.

The AUS approval required [redacted] months statements for depository accounts and only one statement was provided for the Credit Union accounts, causing the loan to waterfall through the QM Testing, resulting in a Loan Designation discrepancy.

Reviewer Comment (2024-04-10): Exception cleared.  Assets verified as required.

04/10/2024

1

B

A

C

A

B

A

C

A

B

A

CA

Primary

Purchase

Lender to provide updated ATR/QM status

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

Yes

223792551

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM DTI

Qualified Mortgage ([redacted]): Total Debt to Income Ratio exceeds [redacted]% and the images do not provide evidence loan is eligible for purchase, guarantee or insurance by the appropriate agency.

The AUS approval required [redacted]months statements for depository accounts and only one statement was provided for the Credit Union accounts, causing the loan to waterfall through the QM Testing.

Reviewer Comment (2024-04-10): Exception cleared.  Assets verified as require

04/10/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792551

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay ([redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk.

The AUS approval required [redacted] months statements for depository accounts and only one statement was provided for the Credit Union accounts, causing the loan to waterfall through the QM Testing.

Reviewer Comment (2024-04-10): Exception cleared.  Assets verified as required

04/10/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792552

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

The subject property is located in a FEMA disaster area. A post disaster inspection verifying there was no damage to the subject property is required.

Reviewer Comment (2024-03-19): Exception has been cleared.  Post disaster property inspection was provided.

03/19/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

C

C

C

C

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792552

xx

xx

xx

xx

Credit

Insurance

Insurance Analysis

Insurance

Insufficient Coverage: Hazard insurance coverage amount is insufficient.

[redacted] uses FannieMae's definition of acceptable coverage. [redacted] requires coverage equal to the lesser of the following: [redacted]% of the insurable value of the improvements, as established by the property insurer; or the unpaid principal balance of the mortgage, as long as it at least equals the minimum amount-[redacted]% of the insurable value of the improvements-required to compensate for damage or loss on a replacement cost basis. If it does not, then coverage that does provide the minimum required amount must be obtained.  There is a shortfall of  $[redacted].

Reviewer Comment (2024-04-10): Exception cleared.  Replacement Cost Estimate was provided. Seller Comment (2024-04-10): Disagree. Replacement cost calculator on page [redacted] shows estimated replacement cost of $[redacted]. Insurance policy on page [redacted] shows coverage of $[redacted]with additional dwelling replacement coverage of $[redacted].

04/10/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

C

C

C

C

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792552

xx

xx

xx

xx

Credit

Hazard Insurance

Insufficient Coverage

Hazard Insurance

The Hazard Insurance Policy effective date is after the funds disbursed.

Hazard Insurance Policy Effective Date ___; Disbursement Date: ___; Note Date: ___; Transaction Date: ___

Hazard Insurance Policy Effective Date [redacted] is after the the disbursement date [redacted].

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Refinance - Rate/Term

C

C

C

C

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792552

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

Reason for S&D:  DTI ineligible.

Reviewer Comment (2024-03-11): Reason for S&D:  DTI ineligible.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Rate/Term

C

C

C

C

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792552

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: Property is located in a FEMA Disaster area and has been affected by the disaster.

Disaster Name: ___; Disaster Declaration Date: ___; Most Recent Disaster End Date: ___

The post disaster inspection reflects damage to the home with estimated cost to repair $[redacted] to $[redacted].

Reviewer Comment (2024-03-22): PDI reveled minor damage. Property missing siding. Estimated cost to repair is $[redacted]k to $[redacted]k.

3

C

C

C

C

C

CA

Primary

Refinance - Rate/Term

C

C

C

C

A

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792553

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage ([redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk.

Loan Designation discreoancy due to calculated DTI excess maximum as shown on AUS. DTI discrepancy due to calculated negative income from REO differs from amount used on the AUS.

Reviewer Comment (2024-03-11): S&D reason:  DTI ineligible.

3

B

B

C

C

B

B

C

C

B

B

OK

Primary

Purchase

Lender to provide updated ATR/QM status

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Risk

Yes

223792553

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor and QM DTIs match and both significantly exceed Guidelines

General QM: The DTI calculated in accordance with the Lenders Guidelines and [redacted](e) of [redacted]% significantly exceeds the guideline maximum of [redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to[redacted].)

DTI discrepancy due to calculated negative income from REO differs from amount used on the AUS.

Reviewer Comment (2024-03-11): S&D reason:  DTI ineligible.

3

C

C

C

C

C

C

C

C

C

C

OK

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Risk

No

223792553

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA -  Initial Escrow Account statement Inaccurate

RESPA: Initial escrow account statement does not match charges on HUD-x/Final Closing Disclosure.

Initial escrow account statement does not match charges on HUD-x/Final Closing Disclosure. Closing Disclosure provided with issue date of [redacted] does not appear to be the Final Closing Disclosure issued to the Borrower. Note date was [redacted].

2

B

B

B

B

B

B

B

B

B

B

OK

Primary

Purchase

If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required.

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Risk

Yes

223792553

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Finance Charge

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]).

Disclosed Finance Charge of $[redacted]. Calculated Finance Charge of $[redacted]. Variance of -$[redacted].

Reviewer Comment (2024-04-09): [redacted] received [redacted] CD Seller Comment (2024-04-05): Trailing docs uploaded

04/09/2024

1

C

A

C

A

C

A

C

A

C

A

OK

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Risk

Yes

223792553

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Mortgage Insurance Payment

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed a mortgage insurance payment for payment stream [redacted] that does not match the actual payment for the loan.

Final Closing Disclosure provided on [redacted] disclosed a mortgage insurance payment for payment stream [redacted] that does not match the actual payment for the loan.. First Payment Letter and Nortage Insurance Certificate shows a monthly MI payment of $[redacted].Closing Disclosure provided shows a [redacted] payment of $[redacted].

Reviewer Comment (2024-04-09): [redacted] received [redacted] CD Seller Comment (2024-04-05): Trailing docs uploaded

04/09/2024

1

C

A

C

A

C

A

C

A

C

A

OK

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Risk

Yes

223792553

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Total Of Payments

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on[redacted] disclosed an inaccurate Total of Payments on page [redacted]that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated[redacted]).  The disclosed Total of Payments in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated total of payments of $[redacted] which exceeds the $[redacted]threshold.

Disclosed Total of Payments is $[redacted]. Calculated Total of Payments is $[redacted]. Variance of -$[redacted].

Reviewer Comment (2024-04-09): [redacted] received [redacted] CD Seller Comment (2024-04-05): Trailing docs uploaded

04/09/2024

1

C

A

C

A

C

A

C

A

C

A

OK

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Risk

Yes

223792553

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Will Have Escrow -  Monthly Escrow Payment Underdisclosed

TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan.

Final Closing Disclosure provided on[redacted] disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan.  Closing Disclosure provided with issue date of [redacted] does not appear to be the Final Closing Disclosure issued to the Borrower. Note date was [redacted].

Reviewer Comment (2024-04-09): [redacted] received [redacted] CD Seller Comment (2024-04-05): Trailing docs uploaded

04/09/2024

1

C

A

C

A

C

A

C

A

C

A

OK

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Risk

Yes

223792553

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD

TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing.

Reviewer Comment (2024-04-09): [redacted] received [redacted] CD

04/09/2024

1

A

A

A

A

A

A

A

A

A

A

OK

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Risk

Yes

223792553

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Investor qualifying total debt ratio discrepancy.

Calculated investor qualifying total debt ratio of ___ exceeds AUS total debt ratio of ___.

Calculated investor qualifying total debt ratio of [redacted]% exceeds AUS total debt ratio of [redacted]%. DTI discrepancy due to calculated negative income from REO differs from amount used on the AUS.

Reviewer Comment (2024-03-11): S&D reason:  DTI ineligible.

3

C

C

C

C

C

C

C

C

C

C

OK

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Risk

No

223792553

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing [redacted] or more guideline components, the loan is at QM risk.

Calculated DTI excedds maximun as shown on AUS. DTI discrepancy due to calculated negative income from REO differs from amount used on the AUS.

Reviewer Comment (2024-03-11): S&D reason:  DTI ineligible.

3

C

C

C

C

C

C

C

C

C

C

OK

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Risk

No

223792553

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

The verification of employment is not within [redacted] business days of the Note.

-

Seller Comment (2024-04-10): Disagree.  VOE on page[redacted] was performed on [redacted] and confirms borrower started the job on [redacted].  Wage start date is not the date the VOE was perfomed. Reviewer Comment (2024-04-09): Exception cleared.  VVOE dated within [redacted] business days was provided.

04/09/2024

1

C

A

C

A

C

A

C

A

C

A

OK

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Risk

No

223792553

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D reason:  DTI ineligible.

Reviewer Comment (2024-03-11): S&D reason:  DTI ineligible.

2

B

B

B

B

B

B

B

B

B

B

OK

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Risk

No

223792553

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Estimated Total Minimum Payment

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] disclosed an Estimated Total Monthly Payment for payment stream [redacted] that does not match the actual total payment for the loan.

3

C

C

C

C

C

OK

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Risk

Yes

223792553

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID[redacted] Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Examination Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

A cure was not disclosed and a valid COC was not provided.

3

C

C

C

C

C

OK

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Risk

Yes

223792554

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

- ___

Income documents not provided

Reviewer Comment (2024-03-11): S&D defect reason

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Credit

Asset

Asset Calculation / Analysis

Asset

Available for Closing is insufficient to cover Cash From Borrower.

Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___.

Missing the most recent [redacted] months bank statements for qualifying assets for closing.

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Credit

Credit

Credit Documentation

Credit

Purchase contract date not provided.

Purchase and Sales contract not provided.

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.

Reviewer Comment (2024-03-19): Exception cleared.  A post disaster inspection was provided.

03/19/2024

1

C

A

C

A

C

A

C

A

C

A

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Purchase Agreement / Sales Contract not provided

Purchase and sales contract not provided.

3

D

D

D

D

D

D

D

D

D

D

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Credit

Missing Document

General

Missing Document

Missing Document: Account Statements - Personal not provided

Most recent [redacted] months bank statements for qualifying assets per approval not provided.

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Credit

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal not provided

3

D

D

D

D

D

D

D

D

D

D

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] ([redacted]) business days prior to closing.

The Initial CD is dated[redacted] and the file does not contain evidence of borrower receipt. The presumed receipt date would not have been at least [redacted]business days prior to closing.

2

B

B

B

B

B

B

B

B

B

B

UT

Primary

Purchase

No Defined Cure

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

[redacted] Percent Fee Tolerance exceeded for Appraisal Fee of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

UT

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

Yes

223792554

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

[redacted] Percent Fee Tolerance exceeded for Credit Report Fee of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

UT

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

Yes

223792554

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Finance Charge

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]).

Final Closing Disclosure provided on [redacted]  disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted]is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted]which exceeds the $[redacted]threshold.

2

B

B

B

B

B

B

B

B

B

B

UT

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

Yes

223792554

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

AUS Findings: Qualifying asset balance discrepancy.

Calculated qualifying asset balance of ___ is less than AUS qualifying asset balance of ___.

Missing [redacted] months bank statements and verification of the earnest money deposit per approval.

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Credit

Guideline

Guideline Issue

Guideline

Borrower has been on current job less than [redacted] years, and prior employment history was not documented as required.

-

Missing verification of verbal employment for secondary job per approval.

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Credit

Income

Document Error

Income

Tax Return end date is more than [redacted] days prior to note date.  P&L was not found in file.  ([redacted])

- Note Date:  ___;   Calendar End Date:  ___;

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

The verification of employment is required and was not found in file.

-

Missing most recent YTD paystubs, and verification of employment for secondary job with a start date of [redacted].

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Credit

Asset

Asset Documentation

Asset

Asset documentation requirements not met.

Most recent [redacted] months bank statements and verification of earnest money deposit not provided.

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income documentation requirements not met.

Missing most recent YTD paystubs, verbal verification of employment, and third party verification of self-employment.

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial [redacted]

1

B

B

B

B

B

B

B

B

B

B

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

AUS/Guideline Findings: All conditions were not met

Missing the complete Form xxxx Appraisal Report as required.

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Income Method of Calculation

Qualified Mortgage (Dodd-Frank [redacted]): The Method used to calculate the qualifying monthly income is not supported by the earnings history/trend.

Missing most recent YTD paystubs, verbal verification of employment for [redacted] job, and [redacted] part verification of employment for self-employment job.

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM Employment History - Current Employment Documentation lacks Date Info

Qualified Mortgage (Dodd-Frank [redacted]): Missing Employment Dates to verify [redacted] years current employment.

Missing most recent YTD paystubs, verbal verification of employment for secondary job.

2

B

B

B

B

B

B

B

B

B

B

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

[redacted] Income Documentation Test

Qualified Mortgage (Dodd-Frank [redacted]): Self-employed income documentation not sufficient ([redacted]).

Missing the [redacted]tax return and all schedules, and the [redacted] part verification of employment for self-employment job.

Reviewer Comment (2024-03-11): S&D defect reason

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Wages Documentation

Qualified Mortgage (Dodd-Frank [redacted]):  Unable to verity income due to, missing  W-x, Paystub, LES, ETS or WVOE.

Missing most recent YTD paystubs, verbal verification of employment for secondary job.

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Employment - Schedule [redacted] Test

Ability-to-Repay (Dodd-Frank [redacted]): Unable to verify current [redacted] status using reasonably reliable third-party records.

Missing the [redacted]tax return and all schedules, and the [redacted] part verification of employment for self-employment job.

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Employment - W-x

Ability to Repay (Dodd-Frank [redacted]): Unable to verify current Wages/W-x employment status using reasonably reliable [redacted]-party records.

Missing most recent YTD paystubs, verbal verification of employment for secondary job.

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Income and Assets - Wages

Ability to Repay (Dodd-Frank [redacted]):  Unable to verify income due to, missing  W-x, Paystub, LES, ETS or WVOE.

Missing most recent YTD paystubs, verbal verification of employment for secondary job.

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Income/Asset Guideline Deficiency - ATR Impact

Ability to Repay (Dodd-Frank [redacted]): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.)

Missing required income and asset documents, causing an ATR risk fail.

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Temporary SHQM ([redacted]/Agency Eligible) does not match Due Diligence Loan Designation of ATR Fail.

Missing required income and asset documents, causing a loan designation discrepancy.

3

B

B

C

C

B

B

C

C

B

B

UT

Primary

Purchase

Lender to provide updated ATR/QM status

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

Yes

223792554

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk.

Missing required income and assets causing and ATR risk fail.

3

C

C

C

C

C

C

C

C

C

C

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792554

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

Missing [redacted] yrs of tax returns for self employment income

Reviewer Comment (2024-03-11): S&D defect reason

2

B

B

B

B

B

B

B

B

B

B

UT

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Fail

No

223792556

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Borrower received promotion at employer and never moved out of departing residence. Property is NOO

Reviewer Comment (2024-03-07): S&D reason

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Safe Harbor QM (APOR)

No

223792556

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Missing Document

Missing Document: Approval not provided

Reviewer Comment (2024-03-20): AUS Provided. Exception Cleared Seller Comment (2024-03-19): AUS uploaded

03/20/2024

1

C

A

C

A

C

A

C

A

C

A

NJ

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Safe Harbor QM (APOR)

No

223792556

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR

Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail.

Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail.

Reviewer Comment (2024-05-21): Re-stated designation Seller Comment (2024-05-15): docu sign signature pages uploaded Reviewer Comment (2024-04-19): Unsigned returns, missing [redacted] party verification Seller Comment (2024-04-16): [redacted] 1040s prepared by [redacted] party have been uploaded (which qualifies as verification) Reviewer Comment (2024-03-22): Waterfall exception due to missing documentation, [redacted] party verification of non-wage earner income. Seller Comment (2024-03-19): Mavent attached showing ATR/QM is a Pass

05/21/2024

1

B

A

C

A

B

A

C

A

B

A

NJ

Primary

Purchase

Lender to provide updated ATR/QM status

C

B

C

B

C

B

A

A

Non QM

Safe Harbor QM (APOR)

Yes

223792556

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Income and Assets - Schedule [redacted]

Ability to Repay (Dodd-Frank [redacted]): Unable to verify [redacted] income using reasonably reliable third-party records.

[redacted] party verification is missing

Reviewer Comment (2024-05-21): Re-stated designation Seller Comment (2024-05-15): docusign docs attached Reviewer Comment (2024-04-19): Tax returns are not signed as required Seller Comment (2024-04-16): [redacted] tax returns - prepared by [redacted] party Reviewer Comment (2024-03-22): Unable to verify Sole Proprietorship income using reasonably reliable [redacted]-party records. ([redacted],[redacted][redacted]A [redacted]/Schedule [redacted]) Seller Comment (2024-03-19): VOE docs uploaded for [redacted]

05/21/2024

1

C

A

C

A

C

A

C

A

C

A

NJ

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Safe Harbor QM (APOR)

No

223792556

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM

NonQM ATR

Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied.

[redacted] party verification is missing

Reviewer Comment (2024-05-21): Re-stated designation

05/21/2024

1

A

A

A

A

A

A

A

A

A

A

NJ

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Safe Harbor QM (APOR)

No

223792556

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted]([redacted]) business days prior to closing.

Revised Loan Estimate provided on [redacted]  not received by borrower at least [redacted] ([redacted]) business days prior to closing.

Reviewer Comment (2024-05-17): [redacted] received proof of receipt. Seller Comment (2024-05-15): LE eTracking Seller Comment (2024-05-15): Revised LE was sent on the [redacted] ([redacted]) via email.  [redacted] days later, loan closed on [redacted] ([redacted]).  That is [redacted] business days.  Uploading eTracking docs

05/17/2024

1

C

A

C

A

C

A

C

A

C

A

NJ

Primary

Purchase

No Defined Cure

C

B

C

B

C

B

A

A

Non QM

Safe Harbor QM (APOR)

No

223792556

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Missing Document

Missing Document: AUS not provided

Loan is written to AUS and the on AUS in the loan file is post-close.

Reviewer Comment (2024-03-20): AUS Provided. Exception Cleared Seller Comment (2024-03-19): AUS attached

03/20/2024

1

C

A

C

A

C

A

C

A

C

A

NJ

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Safe Harbor QM (APOR)

No

223792556

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Provided Prior to Date Performed

ECOA Valuations Rule (Dodd-Frank [redacted]): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Safe Harbor QM (APOR)

No

223792556

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay - Missing Investor Guideline Qualifying Total Debt Ratio

Unable to complete ATR testing due to missing investor guideline qualifying total debt ratio.

Loan written to AUS.

Reviewer Comment (2024-03-22): AUS received Seller Comment (2024-03-19): AUS uploaded

03/22/2024

1

C

A

C

A

C

A

C

A

C

A

NJ

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Safe Harbor QM (APOR)

No

223792556

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines Not Provided

Ability to Repay (Dodd-Frank [redacted]): Unable to determine ability to repay due to missing guidelines. Loan characteristics are DTI: [redacted]%, LTV/CLTV: [redacted]%/[redacted]%, Credit Score: [redacted], Occupancy: Primary, Purpose: Purchase,

The loan has meet ATR analysis, escrow and appraisal requirements, and general compliance regulations.

Reviewer Comment (2024-03-22): AUS received Seller Comment (2024-03-19): AUS uploaded

03/22/2024

1

C

A

C

A

C

A

C

A

C

A

NJ

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Safe Harbor QM (APOR)

No

223792556

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Restated Loan Designation Match - QM / ATR

Ability to Repay / Qualified Mortgage (Dodd-Frank [redacted]): The initial Loan Designation provided did not match, however, the updated Loan Designation of Safe Harbor QM (APOR) matches the Due Diligence Loan Designation of Safe Harbor QM (APOR).

Re-stated designation

2

A

B

B

B

A

NJ

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Safe Harbor QM (APOR)

No

223792556

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Self-Employed Tax Return Recency - QM

General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [redacted],  Most Recent Tax Return End Date [redacted], Tax Return Due Date [redacted].

2

B

B

B

B

B

NJ

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Safe Harbor QM (APOR)

No

223792557

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

-

Reviewer Comment (2024-04-17): received documentation Seller Comment (2024-04-16): [redacted] Seller Comment (2024-04-16): REO Seller Comment (2024-04-09): REO

04/17/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Investment

Purchase

C

B

C

B

A

A

A

A

N/A

N/A

No

223792557

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason: Delinquent prior to pooling

Reviewer Comment (2024-03-12): S&D reason

2

B

B

B

B

B

B

B

B

B

B

FL

Investment

Purchase

C

B

C

B

A

A

A

A

N/A

N/A

No

223792557

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

-

Reviewer Comment (2024-04-17): received documenation Seller Comment (2024-04-09): REO

04/17/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Investment

Purchase

C

B

C

B

A

A

A

A

N/A

N/A

No

223792558

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.

The subject property is located in a FEMA disaster area. A post disaster inspection verifying there was no damage to the subject property is required.

Reviewer Comment (2024-05-16): Received PDi

05/16/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Primary

Purchase

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792558

xx

xx

xx

xx

Credit

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal not provided

File is missing the Appraisal Report for the subject property. Upon receipt of the missing Appraisal Report, additional conditions may apply.

Reviewer Comment (2024-03-13): Reason for S&D.

3

D

D

D

D

D

D

D

D

D

D

MO

Primary

Purchase

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792558

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation.

File is missing evidence the borrower was provided and received a copy of the appraisal dated [redacted] at least [redacted] business days prior to closing.

2

B

B

B

B

B

B

B

B

B

B

MO

Primary

Purchase

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792558

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

GSE

[redacted] [redacted]- [redacted]% Points and Fees

[redacted] [redacted][redacted]% Points and Fees Test.  Points and Fees on subject loan of [redacted]% is in excess of the investor allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted]on a Federal Total Loan Amount of $[redacted]vs. an investor allowable total of $[redacted](an overage of $[redacted]or .[redacted]%).

[redacted] [redacted][redacted]% Points and Fees Test. Points and Fees on subject loan of [redacted]% is in excess of the investor allowable maximum of [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted]on a Federal Total Loan Amount of $[redacted]vs. an investor allowable total of $[redacted](an overage of $[redacted]or .[redacted]%).

Reviewer Comment (2024-04-01): Received corrected origination loan designation

04/01/2024

1

B

A

B

A

B

A

B

A

B

A

MO

Primary

Purchase

LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings.

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223792558

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Issue and Received Date >  Closing Disclosure Issue and Received Date

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.)

Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure

Reviewer Comment (2024-04-09): [redacted] received LOA to remove document(s) [redacted] from testing as not provided to the borrower. Seller Comment (2024-04-08): Attestation

04/09/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Primary

Purchase

No Defined Cure

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792558

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Non Escrow Costs Year [redacted] Overdisclosed - October [redacted]

TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [redacted] of [redacted] on Final Closing Disclosure provided on [redacted] are overdisclosed.

Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [redacted] of [redacted]on Final Closing Disclosure provided on [redacted] are overdisclosed.

Reviewer Comment (2024-04-24): [redacted] received Letter of explanation and Corrected Closing disclosure. Seller Comment (2024-04-23): PCCD Reviewer Comment (2024-04-18): [redacted] received rebuttal on non-escrowed property costs being the [redacted].  However, [redacted] is escrowed and is not a non-escrowed costs.  There is no non-escrowed costs shown on this file.  Corrected CD and LOE to borrower to cure. Seller Comment (2024-04-08): Response

04/24/2024

2

C

B

C

B

C

B

C

B

C

B

MO

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223792558

xx

xx

xx

xx

Credit

Guideline

Guideline Issue

Guideline

Borrower has been on current job less than [redacted] years, and prior employment history was not documented as required.

-

Reviewer Comment (2024-04-17): Employment is documented Seller Comment (2024-04-16): The file contains a WVOE from prior employer Seller Comment (2024-04-16): File contains a WVOE from prior employer to confirm a history of overtime.

04/17/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Primary

Purchase

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792558

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Investor qualifying total debt ratio discrepancy.

Only used base income. Overtime and/or bonus income requires a full [redacted] year history per AUS.A full [redacted] year history is not provided.

Reviewer Comment (2024-04-17): Prior VOE provided Seller Comment (2024-04-16): File contains a WVOE from prior employer to confirm a history of overtime.

04/17/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Primary

Purchase

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792558

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized.  Appraisal is missing.; Sec ID: [redacted]

Note Date:  ___; Lien Position: ___

Desk review appraisal provided does not meet AUS requirments. A full appraisal is required.

Reviewer Comment (2024-03-13): Reason for S&D.

3

D

D

D

D

D

D

D

D

D

D

MO

Primary

Purchase

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792558

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk.

Due to DTI exceeding [redacted]%.

Reviewer Comment (2024-04-17): received prior WVOE

04/17/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Primary

Purchase

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792558

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines

Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted]([redacted])([redacted]) of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.)

Overtime income not used due to lack of a full [redacted] year history.

Reviewer Comment (2024-04-17): received prior WVOE

04/17/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Primary

Purchase

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792558

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Compliance

Not Eligible for QM based on Appendix [redacted]

Qualified Mortgage: Loan submitted with an originator loan designation of Safe Harbor or Higher Priced QM using Appendix [redacted].  Loans with creditor application date on or after [redacted]  are not eligible for QM based on Appendix [redacted].  Loan was tested for compliance with General ATR.  Restated loan originator loan designation required to test loan for QM status under General QM (APOR) pricing-based test.

Reviewer Comment (2024-04-01): Received corrected origination loan designation

04/01/2024

1

C

A

C

A

C

A

C

A

C

A

MO

Primary

Purchase

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792558

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Seller disclosed designation from data tape.

Reviewer Comment (2024-04-29): Updated Seller Comment (2024-04-25): lock Reviewer Comment (2024-04-17): Based on points and fees, designation is QM (APOR) Fail Reviewer Comment (2024-04-17): EXCEPTION HISTORY - Exception Detail was updated on [readcted]PRIOR Exception Detail: Qualified Mortgage (Dodd-Frank 2014): Originator Loan Designation of Safe Harbor QM does not match Due Diligence Loan Designation of ATR Risk. Seller Comment (2024-04-16): response

04/29/2024

1

B

A

C

A

B

A

C

A

B

A

MO

Primary

Purchase

Lender to provide updated ATR/QM status

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223792558

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM Points and Fees [redacted]

Qualified Mortgage (Dodd Frank [redacted]): Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted]on a Federal Total Loan Amount of $[redacted]vs. an allowable total of $[redacted] (an overage of $[redacted]or .[redacted]%).

Reviewer Comment (2024-04-29): Cleared with re-run Seller Comment (2024-04-25): Starting rate [redacted]% at [redacted] Seller Comment (2024-04-23): Lock Reviewer Comment (2024-04-17): Missing discount points disclosure showing start rate and cost of start rate Seller Comment (2024-04-16): response

04/29/2024

1

A

A

A

A

A

MO

Primary

Purchase

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792558

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines

General QM: The DTI calculated in accordance with the Lenders Guidelines and [redacted](e) of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.)

Missing guidelines

Reviewer Comment (2024-04-29): Cleared with updated input for AUS rounding on DTI

04/29/2024

1

A

A

A

A

A

MO

Primary

Purchase

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792558

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Do Not Address [redacted]QM Factors

Unable to test due to missing investor guidelines information.

Missing guidelines

Reviewer Comment (2024-04-29): Updated

04/29/2024

1

A

A

A

A

A

MO

Primary

Purchase

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792558

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Investor qualifying total debt ratio discrepancy.

DTI exceeds guidelines

Reviewer Comment (2024-04-29): Updated AUS input, due to rounding

04/29/2024

1

A

A

A

A

A

MO

Primary

Purchase

D

D

D

D

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792559

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D: EPD - ACH setup issues, now on ACH

Reviewer Comment (2024-03-12): S&D

2

B

B

B

B

B

B

B

B

B

B

FL

Investment

Purchase

B

B

B

B

A

A

A

A

N/A

N/A

No

223792560

xx

xx

xx

xx

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Title policy amount is not Provided in the Title Preliminary Document.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792560

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: [redacted]

Note Date:  ___; Lien Position: ___

[redacted] returned a CU score of [redacted]Secondary Valuation is missing from the file.

3

D

D

D

D

D

D

D

D

D

D

CA

Primary

Refinance - Cash-out - Other

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792560

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

- ___

Insurance Verification Document is Missing in the FIle.

Reviewer Comment (2024-05-08): no mortgage, commentary no insurance Seller Comment (2024-05-03): This property is not required to have property insurance and their was not insurance listed on the 1003 Reviewer Comment (2024-05-03): commercial property no insurance provided Seller Comment (2024-05-01): Per the LENDER: [redacted] was a commercial property and did not required homeowners insurance. Reviewer Comment (2024-04-19): No insurance, free and clear Seller Comment (2024-04-19): Property is paid in full and is not required to carry insurance. Property costs listed on [redacted]is the property taxes Reviewer Comment (2024-04-17): Missing insurance for [redacted][redacted] Reviewer Comment (2024-04-17): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Insurance Verification Insurance Verification Seller Comment (2024-04-16): hoi response

05/08/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Cash-out - Other

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792560

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792560

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted]([redacted]) business days of application.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792560

xx

xx

xx

xx

Credit

Insurance

Insurance Analysis

Insurance

Insufficient Coverage: Hazard insurance coverage amount is insufficient.

Coverage of $[redacted] is short $[redacted]as it does not equal greater of [redacted]% cost new ($[redacted]) or loan amount ($[redacted]).

Reviewer Comment (2024-04-19): Policy states coverage is based on an estimated cost to rebuild Seller Comment (2024-04-19): Policy dwelling coverage (A) is issued at replacement cost plus the policy carries an additional [redacted]% over the replacement value Reviewer Comment (2024-04-17): Received renewal policy, coverage is still short.  Coverage amount is $[redacted] while cost new is $[redacted] and therefore short $[redacted] Seller Comment (2024-04-16): HOI

04/19/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Cash-out - Other

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792560

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Compliance

Not Eligible for QM based on Appendix [redacted]

Qualified Mortgage: Loan submitted with an originator loan designation of Safe Harbor or Higher Priced QM using Appendix [redacted].  Loans with creditor application date on or after [redacted]  are not eligible for QM based on Appendix [redacted].  Loan was tested for compliance with General ATR.  Restated loan originator loan designation required to test loan for QM status under General QM (APOR) pricing-based test.

Reviewer Comment (2024-04-01): Received corrected origination loan designation

04/01/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Cash-out - Other

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792560

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM does not match Due Diligence Loan Designation of Non QM.

Seller designated per data tape.

Reviewer Comment (2024-04-01): Received corrected origination loan designation

04/01/2024

1

B

A

C

A

B

A

C

A

B

A

CA

Primary

Refinance - Cash-out - Other

Lender to provide updated ATR/QM status

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223792560

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

Reason for S&D: Ineligible, irrevocable trust.

Reviewer Comment (2024-03-13): Reason for S&D.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792561

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: [redacted]

Note Date:  ___; Lien Position: ___

3

D

D

D

D

D

D

D

D

D

D

NJ

Investment

Purchase

D

D

B

B

A

A

D

D

N/A

N/A

No

223792561

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason: DQ prior to pooling; now on ACH

Reviewer Comment (2024-03-13): Reason for S&D.

2

B

B

B

B

B

B

B

B

B

B

NJ

Investment

Purchase

D

D

B

B

A

A

D

D

N/A

N/A

No

223792561

xx

xx

xx

xx

Property

Credit

General

Credit

The property type differs between the valuation documents in file. Unable to verify the property type.  Ineligible per guidelines.

The [redacted]states [redacted]units.  The AVM states a Single Family

Reviewer Comment (2024-04-29): AVM shows Single Family, moved to buyer queue for review Seller Comment (2024-04-19): I am not sure what AVM you are referring to, however, I contend that is non-material.  The full appraisal confirms the property is a [redacted] unit dwelling.  The LPA submission #[redacted] reflects Property Type "[redacted]".   Since an AVM is an inferior product dependent upon data, not a physical visit, it should be disregarded. Reviewer Comment (2024-04-17): AUS provided, does not clear discrepancy between Appraisal and AVM Seller Comment (2024-04-16): Please see attached

3

C

C

C

C

C

C

C

C

C

C

NJ

Investment

Purchase

D

D

B

B

A

A

D

D

N/A

N/A

No

223792562

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Reviewer Comment (2024-04-30): Received PDI

04/30/2024

1

C

A

C

A

C

A

C

A

C

A

IL

Investment

Refinance - Rate/Term

D

D

C

C

B

B

D

D

N/A

N/A

No

223792562

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: x

Note Date:  ___; Lien Position: ___

3

D

D

D

D

D

D

D

D

D

D

IL

Investment

Refinance - Rate/Term

D

D

C

C

B

B

D

D

N/A

N/A

No

223792562

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely

ECOA Valuations Rule (Dodd-Frank xxxx): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three ([redacted]) business days of application or determination of first lien status.

2

B

B

B

B

B

B

B

B

B

B

IL

Investment

Refinance - Rate/Term

D

D

C

C

B

B

D

D

N/A

N/A

No

223792562

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Investor qualifying total debt ratio discrepancy.

Calculated investor qualifying total debt ratio of ___ exceeds AUS total debt ratio of ___.

Difference appears to be due to rental calculations

Reviewer Comment (2024-05-14): Updated based on documents received Reviewer Comment (2024-05-14): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of [redacted]% exceeds AUS total debt ratio of [redacted]%. Seller Comment (2024-05-10): Please see attached.  We recalculated rental income and we came up with different figures for [redacted].  Please take a look...if you agree with us, and we can get the DTI to [redacted]%, we won't need an [redacted]rerun. Reviewer Comment (2024-04-17): [redacted]r - [redacted] [redacted] + [redacted] [redacted]+ [redacted] [redacted] -[redacted][redacted] -[redacted] [redacted] - [redacted] [redacted] -[redacted] Seller Comment (2024-04-16): The borrower owns multiple properties. Please provide your rental income calculations and/or pinpoint the property(ies) that was miscalculated. Thank you!

3

C

C

C

C

C

C

C

C

C

C

IL

Investment

Refinance - Rate/Term

D

D

C

C

B

B

D

D

N/A

N/A

No

223792562

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D: The title report reflects subject property includes [redacted]parcels. Appraiser did not consider the parcels or comment on how they influence marketability of the subject property.  x) Title report indicates the subject transaction includes multiple parcels. The parcels must meet the requirements of FRMC [redacted]Eligibility of a property with two or more adjoining parcels. The lender did not provide documentation that the parcels meet FRMC requirements.

Reviewer Comment (2024-03-15): S&D reason

2

B

B

B

B

B

B

B

B

B

B

IL

Investment

Refinance - Rate/Term

D

D

C

C

B

B

D

D

N/A

N/A

No

223792562

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Title shows [redacted] different parcels, while mortgage shows only one parcel as does the appraisal.  Unable to determine if additional properties are vacant land or with buildings and if appraiser gave any value to the additional lots.

Reviewer Comment (2024-03-15): S&D reason

3

C

C

C

C

C

C

C

C

C

C

IL

Investment

Refinance - Rate/Term

D

D

C

C

B

B

D

D

N/A

N/A

No

223792562

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Most Recent Valuation Inspection Date: ___                  Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___

3

C

C

C

C

C

IL

Investment

Refinance - Rate/Term

D

D

C

C

B

B

D

D

N/A

N/A

No

223792563

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

The subject property is located in a FEMA disaster area. A post disaster inspection verifying there was no damage to the subject property is required.

Reviewer Comment (2024-05-15): PDI in trailing docs

05/15/2024

1

C

A

C

A

C

A

C

A

C

A

ME

Primary

Purchase

D

D

C

C

A

A

D

D

Non QM

Non QM

No

223792563

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: [redacted]

Note Date:  ___; Lien Position: ___

The file is missing a copy of the secondary valuation required for securitization purposes.

Seller Comment (2024-05-09): buyer to clear Reviewer Comment (2024-05-03): move to buyer review Seller Comment (2024-05-01): waterfall down to EV2 rating as FIMC is not responsible for secondary valuations on S&D trades

3

D

D

D

D

D

D

D

D

D

D

ME

Primary

Purchase

D

D

C

C

A

A

D

D

Non QM

Non QM

No

223792563

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - eNote - Repurchased loan due to Appraisal Discrepancies: [redacted]  analysis of the subject loan reflects certain elements that do not meet, or no longer meet, the terms or requirements of the Lender Contract due to certain selling and/or servicing violations listed below. Adjusted Value of Comparable Sale(s) Failed to Support Appraised Value Use of Dissimilar Comparable Sale(s) Due to Site Characteristics Use of Physically Dissimilar Comparable Sale(s) - Age         Comparable sale(s) four failed to support the estimated value. Comparable four was the best sale used in the appraisal as it was the most similar to the subject in site size, age, bath count, accessory dwelling unit, and its former use was non-residential. Therefore, this sale should have been given the most weight in determining the subject's value estimate. Comparable sale four's $[redacted]adjusted sale price did not support the subject's $[redacted]value estimate. Comparable(s) one, two, and three were significantly different site than the subject property. The subject property had a site size of [redacted]square feet while comparable sale(s) one, two, and three had [redacted]-, [redacted]-, and [redacted]-acres, respectively. The appraiser did not provide an adequate explanation as to why the comparable(s) were used. Comparable sale(s) one, two, and three were superior to the subject property in age. The subject was [redacted]years old whereas sales one, two, and three were [redacted], [redacted], and [redacted]years old, respectively. The appraiser has not provided an adequate explanation why the specific comparable(s) were used.

Reviewer Comment (2024-04-30): S&D Reason

2

B

B

B

B

B

B

B

B

B

B

ME

Primary

Purchase

D

D

C

C

A

A

D

D

Non QM

Non QM

No

223792563

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Note is eSigned, buyer consideration required

Reviewer Comment (2024-04-30): S&D reason

3

C

C

C

C

C

C

C

C

C

C

ME

Primary

Purchase

D

D

C

C

A

A

D

D

Non QM

Non QM

No

223792563

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Reconciliation

Property - Appraisal

Valuation Issue:  Subject appraisal comparables do not support value

Comparables Sales [redacted]-[redacted]; have gross adjustments of [redacted]% - [redacted]% - as well as the sites have not been adjusted for the difference in site size.

Reviewer Comment (2024-04-30): S&D reason

3

C

C

C

C

C

C

C

C

C

C

ME

Primary

Purchase

D

D

C

C

A

A

D

D

Non QM

Non QM

No

223792589

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: x

Note Date:  ___; Lien Position: ___

The file was missing the secondary valuation required for securitization purposes.

3

D

D

D

D

D

D

D

D

D

D

NY

Primary

Purchase

D

D

C

B

A

A

D

D

Non QM

Non QM

No

223792589

xx

xx

xx

xx

Credit

Credit

Credit Documentation

Guideline

Aged document: Credit Report  is more than [redacted] days prior to the note date.

-

Reviewer Comment (2024-06-13): meets the AUS Seller Comment (2024-06-07): Per AUS credit report in file is good.  Typically credit report is good for [redacted] days.  AUS states that based on the credit report obtained through DU, the loan must close on or before [redacted].  Closing date was [redacted]

06/13/2024

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Purchase

D

D

C

B

A

A

D

D

Non QM

Non QM

No

223792589

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Occupancy misrepresentation

Reviewer Comment (2024-05-30): Reason for S&D

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

D

D

C

B

A

A

D

D

Non QM

Non QM

No

223792589

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-05-30): Sufficient Cure Provided At Closing

05/30/2024

1

A

A

A

A

A

A

A

A

A

A

NY

Primary

Purchase

Final CD evidences Cure

D

D

C

B

A

A

D

D

Non QM

Non QM

Yes

223792590

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason -The borrower has an existing [redacted] loan on previous address [redacted]; FHA Case Number [redacted].  Borrower retained property to use as rental. Credit report and FHA Case Assignment appear not to have captured this debt, but a current mortgage statement was present in the file. No evidence borrower was eligible for multiple FHA loan exception, properties are not distant from each other.

Reviewer Comment (2024-06-13): S&D Reason

06/13/2024

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792590

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Missing Document

Missing Document: AUS not provided

3

C

C

C

C

C

C

C

C

C

C

TX

Primary

Purchase

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792590

xx

xx

xx

xx

Credit

Insurance

Insurance Documentation

Insurance

Missing Document: Mortgage Insurance Certificate (MIC) not provided

3

C

C

C

C

C

C

C

C

C

C

TX

Primary

Purchase

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792590

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Reviewer Comment (2024-06-25): Inspection in TD. Reviewer Comment (2024-06-25): damage

06/25/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792590

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

GSE

[redacted] xxxx - [redacted]% Points and Fees

[redacted] xxxx [redacted]% Points and Fees Test.  Points and Fees on subject loan of [redacted]% is in excess of the investor allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted] on a Federal Total Loan Amount of $[redacted] vs. an investor allowable total of $[redacted] (an overage of $[redacted] or [redacted]%).

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings.

C

C

C

C

B

B

A

A

Non QM

Non QM

Yes

223792590

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Missing

RESPA Disclosure Rule (Dodd-Frank xxxx): Creditor did not provide List of Homeownership Counseling Organizations to borrower.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792590

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Mortgage Insurance Payment

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] did not disclose the mortgage insurance payment for payment stream x.

Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [redacted] did not disclose the mortgage insurance payment for payment stream x.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

C

C

C

B

B

A

A

Non QM

Non QM

Yes

223792590

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Provided Prior to Date Performed

ECOA Valuations Rule (Dodd-Frank xxxx): Date valuation provided to applicant is prior to the date when valuation was performed.  Unable to determine compliance with appraisal timing requirements.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792590

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: Property is located in a [redacted] area and has been affected by the [redacted].

Disaster Name: ___; Disaster Declaration Date: ___; Most Recent Disaster End Date: ___

Distant inspection photos confirm [redacted] however dwelling damage detection would require a closer inspection.

Reviewer Comment (2024-07-25): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Disaster Name: SEVERE STORMS, STRAIGHT-LINE WINDS, TORNADOES, AND FLOODING; Disaster Declaration Date: [redacted]; Most Recent Disaster End Date: [redacted]

3

C

C

C

C

C

TX

Primary

Purchase

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792590

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Most Recent Valuation Inspection Date: ___                  Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___

3

C

C

C

C

C

TX

Primary

Purchase

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792591

xx

xx

xx

xx

Credit

Disclosure

Missing Document

Disclosure

E-sign Consent Agreement is missing.

-

3

C

C

C

C

C

C

C

C

C

C

TX

Primary

Purchase

C

C

C

C

B

B

B

B

Non QM

Non QM

No

223792591

xx

xx

xx

xx

Credit

Insurance

Insurance Documentation

Insurance

Missing Document: Mortgage Insurance Certificate (MIC) not provided

3

C

C

C

C

C

C

C

C

C

C

TX

Primary

Purchase

C

C

C

C

B

B

B

B

Non QM

Non QM

No

223792591

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Reconciliation

Property - Appraisal

Appraisal is required to be in name of Lender

-

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

C

C

C

C

B

B

B

B

Non QM

Non QM

No

223792591

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Federal HPML

TIL Higher Priced Mortgage Loan Safe Harbor Test

TILA HPML appraisal Rule (Dodd-Frank xxxx): Safe Harbor requirements not satisfied.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

C

C

C

C

B

B

B

B

Non QM

Non QM

No

223792591

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Non Escrow Costs Year [redacted] Underdisclosed - [redacted]

TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [redacted] of  on Final Closing Disclosure provided on [redacted] are underdisclosed.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

C

C

C

B

B

B

B

Non QM

Non QM

Yes

223792591

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of [redacted] plus [redacted].  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-06-14): Sufficient Cure Provided At Closing

06/14/2024

1

A

A

A

A

A

A

A

A

A

A

TX

Primary

Purchase

Final CD evidences Cure

C

C

C

C

B

B

B

B

Non QM

Non QM

Yes

223792591

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Incorrect Bx & Bx income calculation and PITI for the subject property was miscalculated.  DTI increases to [redacted]%.

Reviewer Comment (2024-06-21): Reason for S&D.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

C

C

C

C

B

B

B

B

Non QM

Non QM

No

223792592

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (x-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank xxxx): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792592

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (x-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank xxxx): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792592

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

Federal Loan Originator Compensation - Individual LO Not NMLS Licensed at Time of Application

Truth in Lending Act (NMLSR Dodd- Frank xxxx): Individual Loan Originator not NMLS licensed or registered at time of application.

3

C

C

C

C

C

C

C

C

C

C

OH

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792592

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted] business days of application.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792592

xx

xx

xx

xx

Compliance

Compliance

State Compliance

Misc. State Level

Ohio Consumer Sales Practices Act (Acknowledgement of Receipt of Home Mortgage Loan Information Document Not Received Timely)

[redacted] Consumer Sales Practices Act: Acknowledgement of Receipt of Home Mortgage Loan Information Document not received by borrower within [redacted] business days of application.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792592

xx

xx

xx

xx

Compliance

Compliance

State Compliance

Misc. State Level

Ohio Consumer Sales Practices Act (Right Not To Close Disclosure Not Provided Timely)

[redacted] Consumer Sales Practices Act: Borrower not provided Right Not To Close Disclosure at Closing.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792592

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Loan Estimate Timing Electronically Provided

TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] business days of application.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792592

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Appraisal Disclosure - ECOA Timing

ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted] days of the loan application date.

File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted] days of the loan application date.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792592

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

RESPA Disclosure Rule (Dodd-Frank xxxx): List of Homeownership Counseling Organizations not provided to applicant within [redacted] business days of application.

List of Homeownership Counseling Organizations not provided to applicant within [redacted] business days of application.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792592

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing.

Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing. (Initial/[redacted])

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Purchase

No Defined Cure

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792592

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - [redacted] Yr irregular income history

Reviewer Comment (2024-06-21): Reason for S&D.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792592

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

The Initial Closing Disclosure provided is incomplete as it is missing data on pagex (date issued date, loan terms, & projected payments sections), page x (LE column data) and page x (loan calculations section).

3

C

C

C

C

C

C

C

C

C

C

OH

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792592

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (x-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank xxxx): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792593

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay - Missing Investor Guideline Qualifying Total Debt Ratio

Unable to complete ATR testing due to missing investor guideline qualifying total debt ratio.

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792593

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Finance Charge

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]).

Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]

Reviewer Comment (2024-06-22): Reason for S&D.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable

C

C

C

C

C

C

A

A

Non QM

Non QM

Yes

223792593

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Total Of Payments

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on page [redacted] that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [redacted]).  The disclosed Total of Payments in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated total of payments of $[redacted] which exceeds the $[redacted] threshold.

Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Total of Payments on page [redacted] that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [redacted]). The disclosed Total of Payments in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated total of payments of $[redacted] which exceeds the $[redacted] threshold

Reviewer Comment (2024-06-22): Reason for S&D.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission if Applicable

C

C

C

C

C

C

A

A

Non QM

Non QM

Yes

223792593

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Lender Credit Tolerance Violation

TILA-RESPA Integrated Disclosure: [redacted] Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted]  is less than amount of binding Lender Credit previously disclosed in the amount of $[redacted].

[redacted] Percent Tolerance exceeded for Lender Credits. Final Lender Credit of $[redacted] is less than amount of binding Lender Credit previously disclosed in the amount of $[redacted].

Reviewer Comment (2024-06-22): Reason for S&D.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

C

C

C

C

C

A

A

Non QM

Non QM

Yes

223792593

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - TRID tolerance

Reviewer Comment (2024-06-21): Reason for S&D.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792593

xx

xx

xx

xx

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792593

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Investor qualifying total debt ratio discrepancy.

Calculated investor qualifying total debt ratio of ___ exceeds AUS total debt ratio of ___.

Qualification method used: Fully amortized payment at the greater of the fully indexed or the note rate, to repay the loan over the remaining term after the I/O period

Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted]years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The representative FICO score is above [redacted].

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-06-22): Waived and downgraded based on S&D Scope Document and available compensating factors.

06/22/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792593

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR Risk

Ability to Repay (Dodd-Frank xxxx): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.

DTI increased to [redacted]% due to the qualification method. Qualified using the greater of the fully indexed rate or note rate.

Reviewer Comment (2024-06-22): DTI Waived and downgraded based on S&D Scope Document and available compensating factors.

06/22/2024

1

B

A

C

A

B

A

C

A

B

A

CA

Primary

Purchase

Lender to provide updated ATR/QM Loan Designation

C

C

C

C

C

C

A

A

Non QM

Non QM

Yes

223792593

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank xxxx): Based on the loan failing one or more guideline components, the loan is at ATR risk.

DTI increased to [redacted]% due to the qualification method. Qualified using the greater of the fully indexed rate or note rate.

Reviewer Comment (2024-06-22): DTI Waived and downgraded based on S&D Scope Document and available compensating factors.

06/22/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792593

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Out of Scope Recommendation. xxxx reflects loan was underwritten to DU, however, results on AUS provided reflect an Out of Scope recommendation which indicates that DU is unable to underwrite the particular product, mortgage, or borrower described in the submission. Per [redacted], any mortgage that receives an Out of Scope recommendation must be manually underwritten. Review was not provided with the manual underwriting guidelines applied to this loan for approval.

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

Non QM

No

223792594

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Reviewer Comment (2024-06-26): received PDI

06/26/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792594

xx

xx

xx

xx

Credit

Insurance

Insurance Analysis

Insurance

Insufficient Coverage: Hazard insurance coverage amount is insufficient.

Shortfall of $[redacted] due to coverage of $[redacted] doesn't meet loan amount of $[redacted] - no replacement cost provided by lender.

Reviewer Comment (2024-07-05): Received updated coverages ([redacted]) with coverage of $[redacted]), buyer to review for waiver of using post closing coverage.

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792594

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason- DTI aged off

Reviewer Comment (2024-06-21): Reason for S&D.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792595

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

- ___

3

C

C

C

C

C

C

C

C

C

C

OH

Primary

Purchase

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792595

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Reviewer Comment (2024-06-26): Received PDI

06/26/2024

1

C

A

C

A

C

A

C

A

C

A

OH

Primary

Purchase

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792595

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - T&I&A not included in Borrowerx housing payment

Reviewer Comment (2024-06-22): Reason for S&D.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Purchase

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792595

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

- ___

Reviewer Comment (2024-06-22): Reason for S&D.

3

C

C

C

C

C

C

C

C

C

C

OH

Primary

Purchase

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792595

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Loan Estimate Timing Electronically Provided

TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within [redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations.

LE was signed electronically before e-consent was provided according to documentation in the loan file.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Purchase

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792595

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Co-borrower's taxes, insurance and assessments on property owned has not be disclosed in the loan file.

Reviewer Comment (2024-06-22): Reason for S&D.

3

C

C

C

C

C

C

C

C

C

C

OH

Primary

Purchase

C

C

C

C

B

B

A

A

Non QM

Non QM

No

223792598

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

GSE

[redacted] - [redacted]% Points and Fees

[redacted] [redacted]% Points and Fees Test.  Points and Fees on subject loan of [redacted]% is in excess of the investor allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted] on a Federal Total Loan Amount of $[redacted] vs. an investor allowable total of $[redacted] (an overage of $[redacted]).

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings.

B

B

B

B

B

B

A

A

Non QM

Non QM

Yes

223792598

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Amount Financed

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed.  The disclosed Amount Financed in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]).

Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Amount Financed of $[redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [redacted]).

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

B

B

B

B

B

B

A

A

Non QM

Non QM

Yes

223792598

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Finance Charge

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]).

Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted] compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]). (Final[redacted])

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable

B

B

B

B

B

B

A

A

Non QM

Non QM

Yes

223792598

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower.

Ten Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted]. Insufficient or no cure was provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

B

B

B

B

B

B

A

A

Non QM

Non QM

Yes

223792598

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Gift income was not properly documented.

Reviewer Comment (2024-06-22): Reason for S&D.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

B

B

B

B

B

B

A

A

Non QM

Non QM

No

223792600

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Income miscalculated

Reviewer Comment (2024-06-22): Reason for S&D.

2

B

B

B

B

B

B

B

B

B

B

FL

Investment

Purchase

B

B

B

B

A

A

A

A

N/A

N/A

No

223792601

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Reviewer Comment (2024-06-26): Received PDI

06/26/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

B

B

A

A

Non QM

Non QM

No

223792601

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Occupancy misrepresentation.

Reviewer Comment (2024-06-22): Reason for S&D.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

C

B

B

B

A

A

Non QM

Non QM

No

223792601

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (x-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank xxxx): Borrower waived right to receive a copy of the appraisal at least [redacted] business days prior to closing, and appraisal was not provided at or before closing.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

C

B

B

B

A

A

Non QM

Non QM

No

223792601

xx

xx

xx

xx

Credit

Title

Document Error

Title

The Preliminary title policy is within[redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

C

B

B

B

A

A

Non QM

Non QM

No

223792604

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: x

Note Date:  ___; Lien Position: ___

3

D

D

D

D

D

D

D

D

D

D

NJ

Investment

Refinance - Cash-out - Other

D

D

B

B

A

A

D

D

N/A

N/A

No

223792604

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Income miscalculating resulting in DTI above threshold

Reviewer Comment (2024-06-22): Reason for S&D.

2

B

B

B

B

B

B

B

B

B

B

NJ

Investment

Refinance - Cash-out - Other

D

D

B

B

A

A

D

D

N/A

N/A

No

223792606

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

Property inspected post disaster but pre-FEMA declaration of disaster end date.

Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster:[redacted].

SitusAMC

Reviewer Comment (2023-09-06): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted].

09/06/2023

2

C

B

C

B

C

B

C

B

C

B

CA

Primary

Refinance - Cash-out - Home Improvement

C

C

C

B

A

A

A

C

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792606

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

KNOWN DEFECT-EPD

Reviewer Comment (2023-05-19): Post origination removed

05/19/2023

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Cash-out - Home Improvement

C

C

C

B

A

A

A

C

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792606

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized.  Highest level secondary valuation was [redacted]and does not support the value used to qualify. Sec ID: [redacted]

[redacted]% variance in value from xxxx.

Reviewer Comment (2023-05-18): Duplicate

05/18/2023

1

A

A

A

A

A

CA

Primary

Refinance - Cash-out - Home Improvement

C

C

C

B

A

A

A

C

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792606

xx

xx

xx

xx

Property

Appraisal Reconciliation

Value Discrepancy

Appraisal Reconciliation

Loan is to be securitized.  Highest level secondary valuation was BPO and does not support the value used to qualify.; Sec ID: [redacted]

[redacted]% variance in value from xxxx.

Reviewer Comment (2023-05-24): 2055 provided, clearing this exception for BPO

05/24/2023

1

A

A

A

A

A

CA

Primary

Refinance - Cash-out - Home Improvement

C

C

C

B

A

A

A

C

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792606

xx

xx

xx

xx

Property

Appraisal Reconciliation

Value Discrepancy

Appraisal Reconciliation

Loan is to be securitized.  Highest level secondary valuation does not support the value used to qualify.; Sec ID: [redacted]

Note Date:  ___; Lien Position: ___

[redacted] provided.  Loan is to be securitized. Highest level secondary valuation does not support the value used to qualify.  Value on [redacted] came in $[redacted].  [redacted] in file reflects $[redacted].

3

C

C

C

C

C

CA

Primary

Refinance - Cash-out - Home Improvement

C

C

C

B

A

A

A

C

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792607

xx

xx

xx

xx

Compliance

Loan Package Documentation

Loan File

Incomplete File

(Missing Doc) Incomplete loan images/file

The file is missing one or more of the core documents required for a review.  Please provide a complete loan package including subject a Note, Security Instrument, an initial xxxx, a final xxxx, an Approval or xxxx, income verification, asset verification, an origination credit report, final Title, and all issued LE's and CD's.

Reviewer Comment (2023-12-22): Sufficient documentation was provided.

12/22/2023

1

D

A

D

A

D

A

D

A

D

A

FL

Primary

Purchase

D

C

C

C

D

B

C

C

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792607

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Most Recent Valuation Inspection Date: ___                  Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___

The property is in [redacted].  Provide a post-disaster inspection verifying there was no damage from Hurricane Ian.  The inspection must include exterior photos and the property must be re-inspected on or after [redacted]. [Most Recent Valuation Inspection Date: [redacted]]

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Purchase

D

C

C

C

D

B

C

C

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792607

xx

xx

xx

xx

Credit

Guideline

Guideline Issue

Guideline

The origination guidelines are not available. Due diligence review based on non-origination guidelines (i.e. aggregator, seller).

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

D

C

C

C

D

B

C

C

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792607

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Data Integrity

Property - Appraisal

Appraiser's license or certification was not active at the time of the appraisal.

-

A copy of the appraiser's valid license not provided.  Licensing data obtained from database lookup is after appraisal date.

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Purchase

D

C

C

C

D

B

C

C

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792607

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank xxxx): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation.

Evidence of appraisal delivery not provided.  The version of the acknowledgment of receipt signed at closing has been deemed non-compliant as it does not specify whether borrower is acknowledging receipt of appraisal at least [redacted] days prior to closing or has previously waived the delivery timing requirements and has received the appraisal.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

D

C

C

C

D

B

C

C

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792607

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Finance Charge

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [redacted] disclosed an inaccurate Finance Charge on page [redacted] that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $[redacted] is under disclosed by $[redacted]compared to the calculated Finance Charge of $[redacted] which exceeds the $[redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [redacted]).

Finance Charge disclosed on Final Closing Disclosure is $[redacted]. Due Diligence Finance Charge is $[redacted]. There is a variance of -$[redacted].  An itemization of amount financed is not provided to determine source of discrepancy, however. the discrepancy matches the the Tax Service Fee charge ($[redacted]).

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable

D

C

C

C

D

B

C

C

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

Yes

223792607

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Loan Estimate Timing Electronically Provided

TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within[redacted] business days of application. Initial Loan Estimate dated [redacted] was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely may result in additional fee tolerance violations.

Initial Loan Estimate electronically issued on [redacted] and electronically signed on [redacted].  Earliest consent provided is dated [redacted].

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

D

C

C

C

D

B

C

C

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223792608

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

Rate lock not provided

2

B

B

B

B

B

B

B

B

B

B

MN

Primary

Purchase

C

B

C

B

B

B

A

A

Non QM

Non QM

No

223792608

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

GSE

[redacted] - [redacted]% Points and Fees

[redacted] xxxx [redacted]% Points and Fees Test.  Points and Fees on subject loan of [redacted]% is in excess of the investor allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted] on a Federal Total Loan Amount of $[redacted] vs. an investor allowable total of $[redacted] (an overage of $[redacted]).

2

B

B

B

B

B

B

B

B

B

B

MN

Primary

Purchase

LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings.

C

B

C

B

B

B

A

A

Non QM

Non QM

Yes

223792608

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Escrow Service Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

Escrow Service Fee was added on the [redacted] CD and then increased on the final CD.  The file did not contain a valid Change of Circumstance or evidence of a tolerance cure.

2

B

B

B

B

B

B

B

B

B

B

MN

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

B

B

B

A

A

Non QM

Non QM

Yes

223792608

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

Appraisal Fee increased on [redacted] LE.  The file did not contain a valid Change of Circumstance or evidence of a tolerance cure.

2

B

B

B

B

B

B

B

B

B

B

MN

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

B

B

B

A

A

Non QM

Non QM

Yes

223792608

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.

Calculated PITIA months reserves of [redacted] is less than Guideline minimum requirement of [redacted] months.

Borrower has verified disposable income of at least $[redacted]. Borrower has been employed in the same industry for more than [redacted] years. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

[redacted]

SitusAMC,Originator SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2023-06-21): Less than [redacted] month reserve exception waived with verified compensating factors. Seller Comment (2023-06-20): Borrowers have [redacted] years in same line of work, with DTi below [redacted]%, residual income over $[redacted]. Reviewer Comment (2023-06-12): Borrowers have [redacted] years in same line of work, with DTi below [redacted]%, residual income over $[redacted].

06/21/2023

2

C

B

C

B

C

B

C

B

C

B

MN

Primary

Purchase

C

B

C

B

B

B

A

A

Non QM

Non QM

No

223792608

xx

xx

xx

xx

Credit

Credit

Credit Documentation

Guideline

Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided

The Verification of Rent in the loan file is signed by the creditor; however, none of the information is completed.  A Verification of Rent is required by guidelines.

Reviewer Comment (2023-06-20): Received VOR Seller Comment (2023-06-20): Borrowers have [redacted] years in same line of work, with DTi below [redacted]%, residual income over $[redacted].

06/20/2023

1

C

A

C

A

C

A

C

A

C

A

MN

Primary

Purchase

C

B

C

B

B

B

A

A

Non QM

Non QM

No

223792608

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Guidelines indicate the payment shock should not exceed [redacted]% of the borrower's current housing payment.  Based on stated rent of $[redacted], the housing shock for the borrowers is [redacted]%.

Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. Borrower has been employed in the same industry for more than [redacted] years. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. Borrower has verified disposable income of at least $[redacted].

[redacted]

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC,Originator

Reviewer Comment (2023-06-26): Client elects to downgrade based on compensating factors. Reviewer Comment (2023-06-12): Borrowers have [redacted]years in same line of work, with DTi below [redacted]%, residual income over $[redacted].

06/26/2023

2

C

B

C

B

C

B

C

B

C

B

MN

Primary

Purchase

C

B

C

B

B

B

A

A

Non QM

Non QM

No

223792608

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Guidelines require an unexpired passport for all borrowers under the ITIN program and the file did not contain a passport for either borrower.

Borrower has verified disposable income of at least $[redacted]. Borrower has been employed in the same industry for more than [redacted] years. Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

[redacted]

SitusAMC,Originator SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2023-06-26): Client elects to downgrade based on compensating factors. Reviewer Comment (2023-06-12): Taxes, pay stubs , Drivers License, US Patriot Act form signed, social security cards in file and validated at close,

06/26/2023

2

C

B

C

B

C

B

C

B

C

B

MN

Primary

Purchase

C

B

C

B

B

B

A

A

Non QM

Non QM

No

223792609

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Loan Package Documentation

Loan is not using the new [redacted] Legal Documents.

Loan is not using new [redacted] legal documents

Reviewer Comment (2023-06-14): Loan is not being sold to an agency.

06/14/2023

1

C

A

C

A

C

A

C

A

C

A

WA

Primary

Purchase

C

B

C

A

B

B

A

A

Non QM

Non QM

No

223792609

xx

xx

xx

xx

Credit

Loan Package Documentation

Loan File

Missing Document

Missing Document: Hazard Insurance Policy not provided

Hazard Insurance policy for the subject property is missing.

Reviewer Comment (2023-06-21): Hazard provided. Reviewer Comment (2023-06-21): Please add through portal. Seller Comment (2023-06-20): updated copy of HOI uploaded to Doc Acuity

06/21/2023

1

C

A

C

A

C

A

C

A

C

A

WA

Primary

Purchase

C

B

C

A

B

B

A

A

Non QM

Non QM

No

223792609

xx

xx

xx

xx

Credit

Missing Document

General

Missing Document

Missing Document: Verification of Non-US Citizen Status not provided

Borrower is [redacted]. Valid employment authorization, Visa documents are missing.

Reviewer Comment (2023-06-22): All required docs included. Seller Comment (2023-06-21): uploaded proof of citizenship status Reviewer Comment (2023-06-14): ITIN provided as trailing doc was already in file.

06/22/2023

1

C

A

C

A

C

A

C

A

C

A

WA

Primary

Purchase

C

B

C

A

B

B

A

A

Non QM

Non QM

No

223792609

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower.

Recording fee increased on [redacted] CD with no valid Change of Circumstance, [redacted] cure was not enough for both tolerance violations.

2

B

B

B

B

B

B

B

B

B

B

WA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

B

B

A

A

Non QM

Non QM

Yes

223792609

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

Appraisal Fee increased on [redacted] CD without valid Change of Circumstance, $[redacted] cure was not enough for both tolerance violations.

2

B

B

B

B

B

B

B

B

B

B

WA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

B

B

A

A

Non QM

Non QM

Yes

223792610

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank xxxx): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

MN

Primary

Purchase

B

B

B

B

B

B

A

A

Non QM

Non QM

No

223792610

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason: No defect persay - agency does not agree with this being a stick built house despite additions.  They think it should be appraised as a manufactured house

Reviewer Comment (2024-06-27): S&D reason

2

B

B

B

B

B

B

B

B

B

B

MN

Primary

Purchase

B

B

B

B

B

B

A

A

Non QM

Non QM

No

223792611

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM Employment History

Qualified Mortgage (Dodd-Frank xxxx): Employment history requirement not met.

Employment history requirement not met.

Reviewer Comment (2024-08-07): Subject transaction is an extension of credit made pursuant to a program administered by a Housing Finance Agency, as defined under [redacted]CFR [redacted]. Reviewer Comment (2024-08-06): Please provide signed attestation for exempt loan Seller Comment (2024-07-23): loan is Exempt from QM due to HFA - client did not have [redacted]years work history due to immigration status in the US.Application for resident status occurred in [redacted]and approved at the end of [redacted]which did not allow them to work prior to then. Social Security card was issued [redacted] and the client found work shortly thereafter based on the documentation in the file

08/07/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

C

B

B

B

C

A

A

A

Exempt from ATR

Exempt from ATR

No

223792611

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR

Ability to Repay (Dodd-Frank xxxx): Originator Loan Designation of Exempt from ATR does not match Due Diligence Loan Designation of Non QM.

Originator Loan Designation of Exempt from ATR does not match Due Diligence Loan Designation of Non QM.

Reviewer Comment (2024-08-07): Subject transaction is an extension of credit made pursuant to a program administered by a Housing Finance Agency, as defined under [redacted]CFR [redacted]. Reviewer Comment (2024-08-06): Please provide signed attestation for exempt loan Seller Comment (2024-07-23): what are you looking for to clear this?

08/07/2024

1

B

A

C

A

B

A

C

A

B

A

NC

Primary

Purchase

Lender to provide updated ATR/QM status

C

B

B

B

C

A

A

A

Exempt from ATR

Exempt from ATR

Yes

223792611

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - "Loan does not meet Investor Guidelines - Per [redacted] Housing, lender reserved & approved with the borrower's marital status as single. The borrower completed and recorded a Free Trader Agreement (attached) changing their marital status as married. Security Instruments and Warranty Deed recorded appropriately as married. Due to the change of marital status after approval, the loan is no longer valid.

Reviewer Comment (2024-07-09): S&D Reason

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Purchase

C

B

B

B

C

A

A

A

Exempt from ATR

Exempt from ATR

No

223792612

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - "Repurchased loan due to Incorrect Rental Income Calculation - Excessive DTI - Invalid AUS Findings: The Borrower retained their prior residence in [redacted]. The Lender used Completed [redacted]% of the gross rental income of $[redacted] minus the first mortgage payment of $[redacted] to qualify. The resulting rental loss of $[redacted] per month was included in the Borrower's liabilities. * The Borrower had a second lien with [redacted] with a monthly payment of $[redacted] per month on their prior residence, that was not included in the rental calculation. * When the $[redacted] per month is included in the rental income calculation, the net loss increased to $[redacted] per month. The $[redacted] per month must be included in the Borrower's liabilities.                                  The rental income from the Borrower's prior residence cannot be used to qualify. The lease agreement in file supported gross monthly rental income of $[redacted] per month on the prior residence. Freddie Mac guide section [redacted] requires the rental income to be supported by evidence of two-months receipts. Evidence of [redacted] receipts was not included in the original file and cited as a deficiency. As the rental income could not be verified and used to offset the mortgages on the Borrower's prior residence, the full PITI of $[redacted] per month including the xnd mortgage, on the Borrower's prior residence must be included in the Borrower's TDTI. Using the PITI on the subject property of $[redacted] per month, PITI on the prior residence of $[redacted], and other debts of $[redacted], the Borrower's total monthly obligations were $[redacted] per month. Using income of $[redacted] per month, and total obligations of $[redacted] per month, the Borrower's final TDTI increase to [redacted]%. This invalided the LPA findings and indicated insufficient income to support total obligations."

Reviewer Comment (2024-07-09): S&D Reason

2

B

B

B

B

B

B

B

B

B

B

MN

Primary

Purchase

C

C

C

C

C

C

A

A

Exempt from ATR

ATR Risk

No

223792612

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR Risk

Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Exempt from ATR does not match Due Diligence Loan Designation of ATR Risk.

Reviewer Comment (2024-07-09): Due to DTI - S&D Reason

3

B

B

C

C

B

B

C

C

B

B

MN

Primary

Purchase

Lender to provide updated ATR/QM Loan Designation

C

C

C

C

C

C

A

A

Exempt from ATR

ATR Risk

Yes

223792612

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines

Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted](c)([redacted]) of [redacted]% significantly exceeds the guideline maximum of [redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to EV[redacted]-B.)

Reviewer Comment (2024-07-09): S&D reason

3

C

C

C

C

C

C

C

C

C

C

MN

Primary

Purchase

C

C

C

C

C

C

A

A

Exempt from ATR

ATR Risk

No

223792612

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM Employment History

Qualified Mortgage (Dodd-Frank [redacted]): Employment history requirement not met.

Employment history requirement not met.

Reviewer Comment (2024-07-23): Updated with docs received Seller Comment (2024-07-19): LOX Seller Comment (2024-07-19): VOEs

07/23/2024

1

C

A

C

A

C

A

C

A

C

A

MN

Primary

Purchase

C

C

C

C

C

C

A

A

Exempt from ATR

ATR Risk

No

223792612

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM DTI

Qualified Mortgage (Dodd-Frank [redacted]): Total Debt to Income Ratio exceeds [redacted]% and the images do not provide evidence loan is eligible for purchase, guarantee or insurance by the appropriate agency.

Total Debt to Income Ratio exceeds [redacted]% and the images do not provide evidence loan is eligible for purchase, guarantee or insurance by the appropriate agency.

Reviewer Comment (2024-07-09): S&D reason

3

C

C

C

C

C

C

C

C

C

C

MN

Primary

Purchase

C

C

C

C

C

C

A

A

Exempt from ATR

ATR Risk

No

223792612

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Investor qualifying total debt ratio discrepancy.

Calculated investor qualifying total debt ratio of ___ exceeds AUS total debt ratio of ___.

DTI exceeds guidelines requirements

Reviewer Comment (2024-07-09): S&D reason

3

C

C

C

C

C

C

C

C

C

C

MN

Primary

Purchase

C

C

C

C

C

C

A

A

Exempt from ATR

ATR Risk

No

223792612

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk.

Based on the loan failing one or more guideline components, the loan is at ATR risk.

Reviewer Comment (2024-07-09): S&D reason

3

C

C

C

C

C

C

C

C

C

C

MN

Primary

Purchase

C

C

C

C

C

C

A

A

Exempt from ATR

ATR Risk

No

223792612

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

The verification of employment is not within [redacted]business days of the Note.

-

Reviewer Comment (2024-11-18): S&D

3

C

C

C

C

C

MN

Primary

Purchase

C

C

C

C

C

C

A

A

Exempt from ATR

ATR Risk

No

223792613

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Investor qualifying total debt ratio discrepancy.

Calculated investor qualifying total debt ratio of [redacted]% exceeds AUS total debt ratio of [redacted]%. This is due to the AUS excluding debt with [redacted].  Nothing in file to show the reason for omission and/or documentation to specify this debt is a business debt.

Reviewer Comment (2024-08-21): Document requested  Form [redacted]or [redacted], with Market Rents, Insurance Verification, Tax Verification for property [redacted]Washington Ave, exception cleared Seller Comment (2024-08-20): We used the cashflow for investment property.  the negative cash flow of $[redacted]was what was included to calculate the DTI Reviewer Comment (2024-08-13): DTI is based on $[redacted]in income - $[redacted]Primary PITI, $[redacted]in other REO and $[redacted]Consumer debt Reviewer Comment (2024-08-13): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Calculated investor qualifying total debt ratio of [redacted]% exceeds AUS total debt ratio of [redacted]%. Seller Comment (2024-08-09): If the payment was included, DTI goes from [redacted]% to [redacted]%, which is within AUS tolerance for us not to have to rerun AUS.

08/21/2024

1

C

A

C

A

C

A

C

A

C

A

IL

Investment

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM

N/A

No

223792613

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D - DECLINING INCOME YEAR AFTER YEAR

Reviewer Comment (2024-07-17): S&D reason

2

B

B

B

B

B

B

B

B

B

B

IL

Investment

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM

N/A

No

223792613

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM

Investment Property Submitted as QM Test

Ability-to-Repay (Dodd-Frank [redacted]): Improper Originator Loan Designation. Investment property not subject to TILA Ability-to-Repay requirements under [redacted]based on deal settings.

2

B

B

B

B

B

B

B

B

B

B

IL

Investment

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM

N/A

No

223792613

xx

xx

xx

xx

Credit

Asset

Asset Calculation / Analysis

Asset

AUS Findings: Available for Closing discrepancy.

Documented qualifying Assets of ___ is less than AUS Available for Closing of  ___.

LP requires source of gift funds and proof of transfer, which are not in file.

3

C

C

C

C

C

C

C

C

C

C

IL

Investment

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM

N/A

No

223792613

xx

xx

xx

xx

Credit

Asset

Asset Calculation / Analysis

Asset

Available for Closing is insufficient to cover Cash From Borrower.

Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___.

LP requires source of gift funds and proof of transfer, which are not in file.

Reviewer Comment (2024-08-25): There are [readcted] $[redacted]deposits which are not sourced Seller Comment (2024-08-21): final assets at close.  Borrower liquidated $[redacted]k from stocks.  Account ledger showing deposit into account three days prior to closing Reviewer Comment (2024-08-13): Stocks are excluded from closing Seller Comment (2024-08-07): qualifying assets are greater than closing costs

3

C

C

C

C

C

C

C

C

C

C

IL

Investment

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM

N/A

No

223792613

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

-

Statement confirming the P&I for the borrower's primary residence is not in file.

Reviewer Comment (2024-08-08): Received First Payment Letter verifying P&I amount, exception cleared. Seller Comment (2024-08-07): P & I primary

08/08/2024

1

C

A

C

A

C

A

C

A

C

A

IL

Investment

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM

N/A

No

223792613

xx

xx

xx

xx

Credit

Asset

Asset Documentation

Asset

Asset documentation requirements not met.

Due to missing gift documentation

3

C

C

C

C

C

C

C

C

C

C

IL

Investment

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM

N/A

No

223792613

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

- ___

REO documents  missing for property [redacted]

3

C

C

C

C

C

IL

Investment

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM

N/A

No

223792614

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D - BORROWER TERMINATED SAME DAY AS CLOSING

Reviewer Comment (2024-07-17): S&D reason

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM

Safe Harbor QM (43-Q)

No

223792614

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

- ___

Mortgage Statement for the Wells Fargo HELOC on the co-borrower's primary residence is not in file.

Reviewer Comment (2024-08-02): Used the credit report

08/02/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

A

A

A

A

Safe Harbor QM

Safe Harbor QM (43-Q)

No

223792621

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D - File is lacking documentation to support self employment income.  Borrower was CEO for only [redacted] year at the time of closing and missing tax returns resulted in $[redacted]qualifying income and a DTI that cannot be calculated.

Reviewer Comment (2024-07-29): S&D reason Seller Comment (2024-07-23): Hello - This is the disclosed defect.  Please update the condition for this.  Thanks.

2

B

B

B

B

B

B

B

B

B

B

CO

Primary

Purchase

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792621

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

The loan designation is Safe Harbor QM(APOR)

Reviewer Comment (2024-08-13): Received rate sheet showing start rate and cost Seller Comment (2024-08-07): Entire rate table provided.  [redacted]% start rate w/ $[redacted]cost to borrower. Thanks. Reviewer Comment (2024-08-06): Please provide start rate and cost of start rate, rate lock only shows locked rate and not start rate or cost of start rate. Seller Comment (2024-07-29): Please see rate details.  Thanks. Reviewer Comment (2024-07-29): need provide discount point worksheet Seller Comment (2024-07-23): Please see docs uploaded to other exceptions.  Thanks.

08/13/2024

1

B

A

C

A

B

A

C

A

B

A

CO

Primary

Purchase

Lender to provide updated ATR/QM status

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223792621

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM Points and Fees [redacted]

Qualified Mortgage (Dodd Frank [redacted]): Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted]on a Federal Total Loan Amount of $[redacted]vs. an allowable total of $[redacted](an overage of $[redacted]or [redacted]%).

Reviewer Comment (2024-08-13): Received rate sheet showing start rate and cost Seller Comment (2024-08-07): Entire rate table provided.  [redacted]% start rate w/ $[redacted]cost to borrower. Thanks. Reviewer Comment (2024-08-06): Please provide start rate and cost of start rate, rate lock only shows locked rate and not start rate or cost of start rate. Seller Comment (2024-07-29): Please see rate details.  Thanks. Reviewer Comment (2024-07-29): Please provide the discount worksheet showing initial rate and cost of start rate Seller Comment (2024-07-23): Hello -  There was $[redacted]in bona fide discount points that were allowed to be excluded.  Thanks.

08/13/2024

1

C

A

C

A

C

A

C

A

C

A

CO

Primary

Purchase

C

B

B

B

C

A

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792622

xx

xx

xx

xx

Credit

Documents

Missing Document

Documents

File does not contain documentation from lender/seller confirming the condo is warrantable.

-

Reviewer Comment (2024-07-25): Received Condo warranty document, exception cleared Seller Comment (2024-07-24): Hello - Please see condo docs.  Thanks.

07/25/2024

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223792622

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure

RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure.

Reviewer Comment (2024-07-29): Disclosure is required to be signed Seller Comment (2024-07-24): Please see borrower confirmation of receipt of docs. Affiliated Business Arrangement is in the Initial Information disclosure packet. Seller Comment (2024-07-24): Please see borrower confirmation of receipt of docs.  Thanks.

2

B

B

B

B

B

B

B

B

B

B

GA

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223792622

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

RESPA Disclosure Rule (Dodd-Frank [redacted]): List of Homeownership Counseling Organizations not provided to applicant within [redacted]([redacted]) business days of application.

Evidence of earlier borrower receipt of the List of Homeownership Counseling was missing from the file.

Reviewer Comment (2024-07-29): Received Seller Comment (2024-07-24): Please see borrower confirmation of receipt of docs.  Thanks.

07/29/2024

1

B

A

B

A

B

A

B

A

B

A

GA

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223792622

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR

Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail.

ATR analysis, escrow requirements, appraisal requirements and general compliant vs non-compliant status has been verified

Reviewer Comment (2024-07-29): Received VOE Seller Comment (2024-07-24): Docs uploaded to clear income/employment verification.  Thank you.

07/29/2024

1

B

A

C

A

B

A

C

A

B

A

GA

Primary

Purchase

Lender to provide updated ATR/QM status

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223792622

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Employment - W-[redacted]

Ability to Repay (Dodd-Frank [redacted]): Unable to verify current Wages/W-[redacted] employment status using reasonably reliable [redacted]-party records.

ATR risk due to excessive DTI. This exception will be cleared when all ATR related exceptions cleared.

Reviewer Comment (2024-07-29): Received VOE Seller Comment (2024-07-24): Hello - file contains prior years W[redacted]'s and a current paystub which support full time pay as listed on the paystub. Paystub is bi-weekly with [redacted] hours @ $[redacted]/hr. [redacted] ytd verifies to $[redacted]/mth ($[redacted] + $[redacted] / [redacted]).  This meets [redacted] guidelines. Thank you. Document [redacted]'s income using a paystub and a W-[redacted] from the prior year, or using a standard Verification of Employment ([redacted]). The paystub must be dated no earlier than [redacted] days prior to the initial loan application date, include all year-to-date earnings, and include sufficient information to appropriately calculate income. Otherwise, additional documentation must be obtained. If a W-[redacted] is not available from the prior year, the lender must determine if the income would still be acceptable per the Selling Guide. If a standard Verification of Employment ([redacted]) will be obtained it must include all year-to-date earnings as well as prior year earnings if a W-[redacted] is not being provided. Direct verifications provided by a third party employment verification vendor are acceptable if completed in accordance with the Selling Guide. Seller Comment (2024-07-24): Hello - file contains prior years W[redacted]'s and a current paystub which support full time pay as listed on the paystub. Paystub is bi-weekly with [redacted]. [redacted] ytd verifies to [redacted].  This meets [redacted] guidelines. Thank you. Document [redacted]'s income using a paystub and a W-[redacted] from the prior year, or using a standard Verification of Employment ([redacted]). The paystub must be dated no earlier than [redacted] days prior to the initial loan application date, include all year-to-date earnings, and include sufficient information to appropriately calculate income. Otherwise, additional documentation must be obtained. If a W-[redacted] is not available from the prior year, the lender must determine if the income would still be acceptable per the Selling Guide. If a standard Verification of Employment ([redacted]) will be obtained it must include all year-to-date earnings as well as prior year earnings if a W-[redacted] is not being provided. Direct verifications provided by a [redacted] party employment verification vendor are acceptable if completed in accordance with the Selling Guide. Seller Comment (2024-07-24): Hello - file contains prior years W[redacted]'s and a current paystub which support full time pay as listed on the paystub. Paystub is bi-weekly with [redacted]. [redacted]ytd verifies to [redacted].  This meets [redacted] guidelines. Thank you. Document [redacted]'s income using a paystub and a W-[redacted]from the prior year, or using a standard Verification of Employment ([redacted]). The paystub must be dated no earlier than [redacted]days prior to the initial loan application date, include all year-to-date earnings, and include sufficient information to appropriately calculate income. Otherwise, additional documentation must be obtained. If a W-[redacted]is not available from the prior year, the lender must determine if the income would still be acceptable per the Selling Guide. If a standard Verification of Employment ([redacted]) will be obtained it must include all year-to-date earnings as well as prior year earnings if a W-[redacted] is not being provided. Direct verifications provided by a third party employment verification vendor are acceptable if completed in accordance with the Selling Guide. Seller Comment (2024-07-24): Hello - file contains prior years W[redacted]'s and a current paystub which support full time pay as listed on the paystub. Paystub is bi-weekly with [redacted]. [redacted]ytd verifies to [redacted].  This meets [redacted] guidelines. Thank you. Document [redacted]'s income using a paystub and a W-[redacted]from the prior year, or using a standard Verification of Employment ([redacted]). The paystub must be dated no earlier than [redacted]days prior to the initial loan application date, include all year-to-date earnings, and include sufficient information to appropriately calculate income. Otherwise, additional documentation must be obtained. If a W-[redacted]is not available from the prior year, the lender must determine if the income would still be acceptable per the Selling Guide. If a standard Verification of Employment ([redacted]) will be obtained it must include all year-to-date earnings as well as prior year earnings if a W-[redacted]is not being provided. Direct verifications provided by a third party employment verification vendor are acceptable if completed in accordance with the Selling Guide.

07/29/2024

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223792622

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM

NonQM ATR

Ability-to-Repay (Dodd-Frank [redacted]): General Ability-to-Repay requirements not satisfied.

ATR risk due to excessive DTI. This exception will be cleared when all ATR related exceptions cleared.

Reviewer Comment (2024-07-29): Received VOE

07/29/2024

1

A

A

A

A

A

A

A

A

A

A

GA

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223792622

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Verification(s) of employment is not within [redacted]business days of the Note.

-

The file was missing the verbal verification of employment obtained within ten business days prior to closing.

Reviewer Comment (2024-07-25): We have work number within [redacted]days of note date hence exception cleared Seller Comment (2024-07-24): Hello - Loan closed on [redacted]. File contains[redacted] & [redacted] TWNs.  The [redacted] TWN is [redacted]business days prior to the note and complies with [redacted] guidelines.  Thanks. Perform and document a verification of employment for each borrower using one of the following methods permitted in the Selling Guide: [redacted]) A verbal, written, or email verification of employment for all borrowers who are not self-employed no more than [redacted]business days prior to the note date, or self-employed within [redacted]calendar days prior to the note date. [redacted]) Direct verification by a third party employment verification vendor if completed within the same timeframes, and the information is not more than [redacted] days old ([redacted] days old if self employed) as of the note date. [redacted]) If the borrower is in the military, obtain either a Military Leave and Earnings Statement within [redacted] calendar days prior to the note date or a verification of employment through the Defense Manpower Data Center (xx). Lenders also have the option of obtaining the verbal verification of employment after the note date (and prior to delivery of the loan to [redacted]), but when using this option must ensure compliance with the Selling Guide. Seller Comment (2024-07-24): Hello - Loan closed on [redacted]. File contains [redacted] & [redacted] TWNs.  The [redacted] TWN is [redacted] business days prior to the note and complies with [redacted] guidelines.  Thanks. Perform and document a verification of employment for each borrower using one of the following methods permitted in the Selling Guide: [redacted]) A verbal, written, or email verification of employment for all borrowers who are not self-employed no more than [redacted] business days prior to the note date, or self-employed within [redacted] calendar days prior to the note date. [redacted]) Direct verification by a third party employment verification vendor if completed within the same timeframes, and the information is not more than [redacted] days old ([redacted] days old if self employed) as of the note date. [redacted]) If the borrower is in the military, obtain either a Military Leave and Earnings Statement within [redacted] calendar days prior to the note date or a verification of employment through the Defense Manpower Data Center (xx). Lenders also have the option of obtaining the verbal verification of employment after the note date (and prior to delivery of the loan to [redacted]), but when using this option must ensure compliance with the Selling Guide.

07/25/2024

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223792622

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D - The loan closed on[redacted] as a primary residence. The appeal documentation provided is not sufficient to establish the borrower's occupancy of the subject property. [redacted]party verification reflects the subject property was recently listed for rent and the borrower had registered a car at the purported departure residence on [redacted].

Reviewer Comment (2024-07-19): S&D reason

2

B

B

B

B

B

B

B

B

B

B

GA

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223792623

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.

The subject property is located in a FEMA disaster area. A post disaster inspection verifying there was no damage to the subject property is required

Reviewer Comment (2024-08-12): Received Property Inspection Report, Exception Cleared Seller Comment (2024-07-24): [redacted] is obtaining.

08/12/2024

1

C

A

C

A

C

A

C

A

C

A

VA

Primary

Purchase

D

D

C

B

B

B

D

D

Non QM

Non QM

No

223792623

xx

xx

xx

xx

Credit

Documents

Missing Document

Documents

File does not contain documentation from lender/seller confirming the condo is warrantable.

-

Missing documentation from lender/seller confirming the condo is warrantable

Reviewer Comment (2024-07-25): Received Condo warranty document, exception cleared Seller Comment (2024-07-24): Hello - Please see uploaded condo docs.  Thanks.

07/25/2024

1

C

A

C

A

C

A

C

A

C

A

VA

Primary

Purchase

D

D

C

B

B

B

D

D

Non QM

Non QM

No

223792623

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

FACTA

Federal FACTA Disclosure Timing Test

FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score.

2

B

B

B

B

B

B

B

B

B

B

VA

Primary

Purchase

D

D

C

B

B

B

D

D

Non QM

Non QM

No

223792623

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted]([redacted]) business days of application.

2

B

B

B

B

B

B

B

B

B

B

VA

Primary

Purchase

D

D

C

B

B

B

D

D

Non QM

Non QM

No

223792623

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Missing

RESPA Disclosure Rule (Dodd-Frank [redacted]): Creditor did not provide List of Homeownership Counseling Organizations to borrower.

2

B

B

B

B

B

B

B

B

B

B

VA

Primary

Purchase

D

D

C

B

B

B

D

D

Non QM

Non QM

No

223792623

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted]([redacted]) business days prior to closing.

Closing Disclosure not provided to Borrower(s) at least [redacted]([redacted]) business days prior to closing. (Initial/[redacted])

2

B

B

B

B

B

B

B

B

B

B

VA

Primary

Purchase

No Defined Cure

D

D

C

B

B

B

D

D

Non QM

Non QM

No

223792623

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least four ([redacted]) business days prior to closing.

Revised Loan Estimate provided on [redacted] not received by borrower at least four ([redacted]) business days prior to closing.

2

B

B

B

B

B

B

B

B

B

B

VA

Primary

Purchase

No Defined Cure

D

D

C

B

B

B

D

D

Non QM

Non QM

No

223792623

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D - Borrower unemployed at the time of loan closing and is unresponsive to attempts for updated employment details.

Reviewer Comment (2024-07-19): S&D reason

2

B

B

B

B

B

B

B

B

B

B

VA

Primary

Purchase

D

D

C

B

B

B

D

D

Non QM

Non QM

No

223792623

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized, and was originated with an Appraisal Waiver. The supporting secondary valuation is missing. Sec ID: [redacted]

Reviewer Comment (2024-08-19): received BPO Seller Comment (2024-07-24): [redacted] is obtaining.

08/19/2024

1

D

A

B

A

D

A

C

A

D

A

VA

Primary

Purchase

D

D

C

B

B

B

D

D

Non QM

Non QM

No

223792623

xx

xx

xx

xx

Property

Appraisal Reconciliation

Value Discrepancy

Appraisal Reconciliation

Loan is to be securitized, and was originated with an Appraisal Waiver. No supporting secondary valuation with effective date within [redacted]months of note date was provided. A supporting secondary valuation with effective date between [redacted]and [redacted]months past note date was provided. Sec ID: [redacted]

Note Date:  ___; Lien Position: ___

3

A

B

A

D

D

VA

Primary

Purchase

D

D

C

B

B

B

D

D

Non QM

Non QM

No

223792624

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: [redacted]

[redacted] returned a CU score of [redacted]Secondary Valuation is missing from the file.

Reviewer Comment (2024-08-14): Received CDA Seller Comment (2024-07-29): [redacted] is obtaining. Thanks. Seller Comment (2024-07-29): [redacted] is obtaining second evals. Thanks. Reviewer Comment (2024-07-29): Client review Seller Comment (2024-07-24): [redacted] is obtaining.

08/14/2024

1

D

A

D

A

D

A

D

A

D

A

CA

Primary

Purchase

D

C

C

C

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792624

xx

xx

xx

xx

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

Reviewer Comment (2024-07-29): received final title

07/29/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Purchase

D

C

C

C

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792624

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower.

[redacted]% fee violation due to an increase in the [redacted]fee(s). No valid COC was provided for this change, nor evidence of cure. Provide a post close CD disclosing the tolerance violation of $[redacted]. a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made.

Reviewer Comment (2024-07-29): [Redacted]: Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception. Seller Comment (2024-07-26): Please see the final CD & PCCD uploaded.  The [Redacted]% Cure of $[Redacted] for recording fees was already provided on final CD at the time of closing. Thanks.

07/29/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

D

C

C

C

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223792624

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

Transfer Tax. was last disclosed as $[redacted]on the Loan Estimate, but was disclosed as $[redacted]on the Final Closing Disclosure. No valid COC was provided for this change, nor evidence of cure. Provide a post close CD disclosing the tolerance violation of $[redacted]a copy of the refund check, proof of delivery, and a copy of the LOE to the borrower disclosing the changes made.

Reviewer Comment (2024-08-02): [Redacted] received COC and receipt of purchase contract. Seller Comment (2024-07-31): Hello - The LOS screenshot uploaded on [Redacted] shows the request made to the borrower to "Upload the purchase contract for [Redacted] [redacted]" was initiated on [Redacted] to which the borrower provided on [Redacted].  In addition, it also shows that the review of the purchase contract that was provided on [Redacted] was not completed until [Redacted].   Better did not have the purchase contract for the subject property prior to [Redacted].   Thank you. Reviewer Comment (2024-07-31): [redacted] received [redacted]'s LOS screenshot indicates that the FEMA disaster inspection and Secondary valuation for property and it does not give sufficient information for the Purchase Contract executed and the fee was added. If there was an additional reason the fee was added we will need the additional information otherwise a corrected CD, LOE, refund check, and proof of mailing is needed to cure. Seller Comment (2024-07-29): Please refer to [redacted]'s LOS screenshot that shows the borrower did not upload the purchase contract for review until [Redacted].  Regardless of when the purchase contract was executed the lender could not have reviewed if it was not available until [Redacted].  Thanks. Reviewer Comment (2024-07-29): [Redacted] received LOX for rebuttal response. However, The purchase agreement was available to review at the time of initial disclosure and completed on [Redacted], received and reviewing the [redacted] later is not a valid changed circumstance. Please provide a corrected CD, LOE, refund check, and proof of mailing to cure. Seller Comment (2024-07-26): LOX Seller Comment (2024-07-26): Hello - Please see uploaded docs.  The purchase contract for [Redacted]  [Redacted], [Redacted], [Redacted] [Redacted] was received on [Redacted].  Transfer tax was updated within [Redacted] days of COC on the [Redacted] LE. Thanks. Seller Comment (2024-07-26): Hello - Please see uploaded docs.  The purchase contract for [Redacted] [Redacted], [Redacted], [Redacted] [Redacted] was received on [Redacted].  Transfer tax was updated within [Redacted] days of COC on the [Redacted] LE. Thanks.

08/02/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

D

C

C

C

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223792624

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D - Loan underwritten to LPA guidelines but received lender incentive of $[redacted]which exceeded Freddie Mac limit.

Reviewer Comment (2024-07-19): S&D

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

D

C

C

C

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792624

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Note is eSigned

Reviewer Comment (2024-07-29): Client to review Seller Comment (2024-07-24): Loan is [redacted] underwritten.  [redacted] allows for enotes.   Thanks.

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Purchase

D

C

C

C

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792624

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Lender credit was used for [redacted], lender credits are to only be used for closing costs

Reviewer Comment (2024-07-19): S&D reason

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Purchase

D

C

C

C

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792624

xx

xx

xx

xx

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

Reviewer Comment (2024-07-25): Received Title Final, exception cleared. Seller Comment (2024-07-24): Please see final title policy uploaded.  Thanks.

07/25/2024

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

D

C

C

C

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792624

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-08-02): Sufficient Cure Provided At Closing

08/02/2024

1

A

A

A

A

A

CA

Primary

Purchase

Final CD evidences Cure

D

C

C

C

C

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223792625

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D reason - Defect over [redacted] year old, Undisclosed liability, resulting in DTI of [redacted]%

Reviewer Comment (2024-09-04): Reason for S&D. Seller Comment (2024-09-04): Hello - I see this is assigned to us.  Not sure what to do here.  this is the disclosed defect.  Should this be reviewed by the buyer?

2

B

B

B

B

B

B

B

B

B

B

OH

Investment

Refinance - Limited Cash-out GSE

B

B

B

B

A

A

A

A

N/A

N/A

No

223792626

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant three ([redacted]) business days prior to consummation.

Reviewer Comment (2024-09-10): Nothing more needed Seller Comment (2024-09-03): EV2 rating - Buyer to Clear Reviewer Comment (2024-09-03): EV2, nothing more needed Seller Comment (2024-08-27): EV2 rating

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792626

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Verification(s) of employment is not within [redacted] business days of the Note.

-

Reviewer Comment (2024-09-10): Buyer to review Seller Comment (2024-09-05): [redacted] closed our Wholesale business unit earlier this year so I'm unable to obtain any other documentation that was completed prior to closing. I have uploaded a current VOE for [Redacted] that confirms she has been with that employer for a year now

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792626

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Repurchased loan due to Incorrect Variable Income Calculation - Excessive DTI - Invalid AUS: The Co-Borrower's income was calculated incorrectly as required per [redacted] Guide Section [redacted]. The loan application indicates that, at the time of loan origination, the Co-Borrower was employed by [redacted] for a month, earning an income of $[redacted]per month. The subject loan was submitted to Loan Product Advisor (LPA) with a DTI of [redacted]%. The Seller's income of $[redacted]was calculated using the Co-Borrower's YTD through September [redacted], [redacted]of $[redacted]divided by [redacted] months. The documentation provided does not support the Co-Borrower is consistently working [redacted]hours per week and the income is considered fluctuating hourly income. The stability of the Co-Borrower's earnings at the $[redacted]per month utilized to qualify has not been established.  Freddie Mac calculated the Borrower's monthly income to be $[redacted]. The income was calculated as follows: [redacted]l [redacted] - [redacted] $[redacted] + L[redacted] [redacted] - [redacted] $[redacted] + [redacted] [redacted] - [redacted] $[redacted] + [redacted][redacted] - [redacted] + [redacted] YTD $[redacted] + [redacted]W-[redacted] $[redacted] = $[redacted] divided by [redacted] months = $[redacted] monthly. Using the monthly Co-Borrower's recalculated income of $[redacted], the Borrower's income of $[redacted], subject housing payment of $[redacted] and total other monthly obligations of $[redacted], the DTI increased to [redacted]%

Reviewer Comment (2024-08-27): S&D reason

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792626

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR Risk

Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.

Due to DTI exceeding guideline maximum.

Reviewer Comment (2024-09-10): S&D reason - due to defect Reviewer Comment (2024-09-03): This is due to the DTI exceeding guidelines, defect was disclosed, investor consideration required Seller Comment (2024-08-27): this was disclosed as the defect for S&D reason

3

B

B

C

C

B

B

C

C

B

B

NY

Primary

Purchase

Lender to provide updated ATR/QM Loan Designation

C

C

C

C

C

C

A

A

Non QM

ATR Risk

Yes

223792626

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines

Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted](c)([redacted]) of [redacted]% significantly exceeds the guideline maximum of [redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to EV[redacted]-B.)

Income for B[redacted] is less than the lender calculated, causing the difference in DTI.

Reviewer Comment (2024-09-10): S&D reason - due to defect Reviewer Comment (2024-09-03): This is due to the DTI exceeding guidelines, defect was disclosed, investor consideration required Seller Comment (2024-08-27): this was disclosed as the defect for S&D reason

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792626

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Investor qualifying total debt ratio discrepancy.

Calculated investor qualifying total debt ratio of ___ exceeds AUS total debt ratio of ___.

B[redacted]'s income is less than the lender qualified them with.  This is causing the excessive DTI.

Reviewer Comment (2024-09-10): S&D reason - due to defect Reviewer Comment (2024-09-03): This is due to the DTI exceeding guidelines, defect was disclosed, investor consideration required Seller Comment (2024-08-27): this was disclosed as the defect for S&D reason

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792626

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk.

Loan failing due to co-borrower's income.

Reviewer Comment (2024-09-10): S&D reason - due to defect Reviewer Comment (2024-09-03): This is due to the DTI exceeding guidelines, defect was disclosed, investor consideration required Seller Comment (2024-08-27): this was disclosed as the defect for S&D reason

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792627

xx

xx

xx

xx

Credit

Credit

Credit Eligibility

Guideline

Public Record Issue:

-

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792627

xx

xx

xx

xx

Credit

Asset

Asset Calculation / Analysis

Asset

Available for Closing is insufficient to cover Cash From Borrower.

Documented qualifying Assets for Closing of  ___ is less than Cash From Borrower ___.

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792627

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason: N/A Delinquent EBO

Reviewer Comment (2024-09-06): S&D reason

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792627

xx

xx

xx

xx

Credit

Asset

Asset Calculation / Analysis

Asset

AUS Findings: Available for Reserves discrepancy.

Calculated Available for Reserves of ___ is less than AUS Available for Reserves of ___.

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792628

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Repurchase: Co-borrower was not employed at time of closing confirmed by [redacted].  DTI increased to [redacted]%, AUS ineligible. Revised FICO is [redacted].

Reviewer Comment (2024-09-17): S&D reason

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

B

B

B

B

A

A

A

A

Non QM

Non QM

No

223792629

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: [redacted]

Reviewer Comment (2024-10-01): Waived per client, CDA has been provided Buyer Comment (2024-09-25): ok to waive [redacted] to order valuation Buyer Comment (2024-09-25): ok to waive Seller Comment (2024-09-25): Request for [redacted] to review and consider waiving

10/01/2024

3

D

D

D

D

D

D

D

D

D

D

FL

Primary

Purchase

D

D

C

C

C

A

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792629

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR Risk

Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.

Reviewer Comment (2024-09-24): received loan designation Seller Comment (2024-09-23): [redacted] indicates ATR/QM Pass - this is a Safe Harbor QM loan. Seller did not originate as Non-QM loan, they originated as QM loans.

09/24/2024

1

B

A

C

A

B

A

C

A

B

A

FL

Primary

Purchase

Lender to provide updated ATR/QM Loan Designation

D

D

C

C

C

A

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223792629

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines Not Provided

Ability to Repay (Dodd-Frank [redacted]): Unable to determine ability to repay due to missing guidelines. Loan characteristics are DTI: [redacted]%, LTV/CLTV: [redacted]%/[redacted]%, Credit Score: [redacted], Occupancy: Primary, Purpose: Purchase,

due to AUS missing

Reviewer Comment (2024-09-24): received loan designation Reviewer Comment (2024-09-24): AUS provided is post-closing, please provide AUS pre-closing Seller Comment (2024-09-23): AUS findings located on pages [Redacted]  with Approve/Ineligible. There are are no separate Seller guidelines.

09/24/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

D

D

C

C

C

A

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792629

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three ([redacted]) business days prior to closing.

Initial CD not with in x days from close

Reviewer Comment (2024-09-26): [Redacted] received [Redacted] Initial CD, [Redacted] business days prior to the consummation. Seller Comment (2024-09-25): Initial CD Seller Comment (2024-09-25): CD provided with [Redacted] date and electronically signed [Redacted] confirming receipt, and at least [redacted] business days prior to closing on [Redacted].

09/26/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

No Defined Cure

D

D

C

C

C

A

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792629

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Repurchase: [redacted]bank statements unsupported assets. Collateral is eNote.

Reviewer Comment (2024-09-17): S&D Reason

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

D

D

C

C

C

A

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792629

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Guidelines are missing.

Reviewer Comment (2024-09-26): received AUS Seller Comment (2024-09-25): AUS origination Seller Comment (2024-09-25): AUS origination provided and dated [Redacted] with Approve/Eligible findings. There are not guidelines other than Agency and through [redacted]. Reviewer Comment (2024-09-24): AUS provided is post-closing, please provide AUS pre-closing Seller Comment (2024-09-23): AUS findings located on pages [Redacted]-[Redacted]with Approve/Ineligible. There are are no separate Seller guidelines.

09/26/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

D

D

C

C

C

A

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792629

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay - Missing Investor Guideline Qualifying Total Debt Ratio

Unable to complete ATR testing due to missing investor guideline qualifying total debt ratio.

Reviewer Comment (2024-09-24): received loan designation Reviewer Comment (2024-09-24): AUS provided is post-closing, please provide AUS pre-closing Seller Comment (2024-09-23): AUS findings located on pages [Redacted]-[Redacted] with Approve/Ineligible. There are are no separate Seller guidelines.

09/24/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

D

D

C

C

C

A

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792629

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Note is eSigned

Reviewer Comment (2024-09-17): S&D Reason

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Purchase

D

D

C

C

C

A

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792629

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM - Missing Investor Guideline Qualifying Total Debt Ratio

Unable to complete QM testing due to missing investor guideline qualifying total debt ratio.

Missing guidelines, AUS provided is post closing, please provide the guidelines or the pre-closing AUS

Reviewer Comment (2024-09-26): Received AUS Seller Comment (2024-09-25): AUS origination provided and dated [redacted] with Approve/Eligible findings. There are not guidelines other than Agency and through [redacted]. Seller Comment (2024-09-25): AUS at time of origination

09/26/2024

1

A

A

A

A

A

FL

Primary

Purchase

D

D

C

C

C

A

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792629

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Not Provided

General QM: Unable to determine ability to repay due to missing guidelines. Loan characteristics are DTI: [redacted]%, LTV/CLTV: [redacted]%/[redacted]%, Credit Score: [redacted], Occupancy: Primary, Purpose: Purchase,

Missing guidelines, AUS provided is post closing

Reviewer Comment (2024-09-26): Received AUS Seller Comment (2024-09-25): AUS origination Seller Comment (2024-09-25): AUS origination provided and dated [redacted] with Approve/Eligible findings. There are not guidelines other than Agency and through [redacted].

09/26/2024

1

A

A

A

A

A

FL

Primary

Purchase

D

D

C

C

C

A

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792629

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

Fail, missing guidelines

Reviewer Comment (2024-09-26): Received AUS Seller Comment (2024-09-25): Seller loan designation is not specific on bid tape and not provided, Seller uses [redacted] for their loan designation, please review and clear.

09/26/2024

1

A

A

A

A

A

FL

Primary

Purchase

Lender to provide updated ATR/QM status

D

D

C

C

C

A

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223792630

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Non-Salable: B[redacted] income overstated by $[redacted]/mo. Unable to support - true DTI [redacted]+%

Reviewer Comment (2024-09-17): S&D reason

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792630

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792630

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR Risk

Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.

Reviewer Comment (2024-09-24): S&D defect is DTI Seller Comment (2024-09-23): S&D Reason: Non-Salable: [redacted] income overstated by $[redacted]/mo. Unable to support - true DTI [redacted]+%. Bid tape reflects [redacted]% DTI.

3

B

B

C

C

B

B

C

C

B

B

NJ

Primary

Purchase

Lender to provide updated ATR/QM Loan Designation

C

C

C

C

C

C

A

A

Non QM

ATR Risk

Yes

223792630

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Investor qualifying total debt ratio discrepancy.

Calculated investor qualifying total debt ratio of ___ exceeds AUS total debt ratio of ___.

The calculated qualifying DTI of [redacted]% exceeds AUS DTI of [redacted]%.

Reviewer Comment (2024-09-24): S&D defect is DTI Seller Comment (2024-09-23): S&D Reason: Non-Salable: [redacted] income overstated by $[redacted]/mo. Unable to support - true DTI [redacted]+%. Bid tape reflects [redacted]% DTI.

3

C

C

C

C

C

C

C

C

C

C

NJ

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792630

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk.

ATR failure due to qualifying income, DTI exceeds [redacted]%.

Reviewer Comment (2024-09-24): S&D defect is DTI Seller Comment (2024-09-23): S&D Reason: Non-Salable: [redacted] income overstated by $[redacted]/mo. Unable to support - true DTI [redacted]+%. Bid tape reflects [redacted]% DTI.

3

C

C

C

C

C

C

C

C

C

C

NJ

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792630

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines

Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted](c)([redacted]) of [redacted]% significantly exceeds the guideline maximum of [redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to EV[redacted]-B.)

Reviewer Comment (2024-09-24): S&D defect is DTI Seller Comment (2024-09-23): S&D Reason: Non-Salable: [redacted] income overstated by $[redacted]/mo. Unable to support - true DTI [redacted]+%. Bid tape reflects [redacted]% DTI.

3

C

C

C

C

C

C

C

C

C

C

NJ

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792631

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Missing Document

Missing Document: Approval not provided

Reviewer Comment (2024-09-24): Received Approval, exception cleared. Seller Comment (2024-09-23): Conditional loan approval and Clear to Cloase approval in file - pages [redacted]-[redacted]

09/24/2024

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792631

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Non-Salable:  [redacted]REO payments excluded without any support, listed for sale post close and not sold, DTI > [redacted]%.

Reviewer Comment (2024-09-17): S&D reason

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792631

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR Risk

Ability to Repay (Dodd-Frank [redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.

The loan does not meet the Non QM Loan Designation due to the lender excluded [redacted]REO properties as pending sale without the required documentation to verify the pending sale per the AUS.

Reviewer Comment (2024-09-17): S&D Reason

3

B

B

C

C

B

B

C

C

B

B

NY

Primary

Purchase

Lender to provide updated ATR/QM Loan Designation

C

C

C

C

C

C

A

A

Non QM

ATR Risk

Yes

223792631

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines

Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted](c)([redacted]) of [redacted]% significantly exceeds the guideline maximum of [redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to EVx-B.)

The loan does not meet the DTI requirement due to the lender excluded [redacted]REO properties as pending sale without the required documentation to verify the pending sale per the AUS.

Reviewer Comment (2024-09-17): S&D Reason

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792631

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted]Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-09-13): Sufficient Cure Provided At Closing

09/13/2024

1

A

A

A

A

A

A

A

A

A

A

NY

Primary

Purchase

Final CD evidences Cure

C

C

C

C

C

C

A

A

Non QM

ATR Risk

Yes

223792631

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Investor qualifying total debt ratio discrepancy.

Calculated investor qualifying total debt ratio of ___ exceeds AUS total debt ratio of ___.

The loan does not meet the DTI requirement due to the lender excluded [redacted]REO properties as pending sale without the required documentation to verify the pending sale per the AUS.

Reviewer Comment (2024-09-17): S&D Reason

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792631

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

The verification of employment is not within [redacted]business days of the Note.

-

The verification of employment is dated [redacted], which is not within [redacted]days of the note date.

Reviewer Comment (2024-09-24): Received The verification of employment dated [redacted], which is within [redacted] days of the note date, exception cleared. Seller Comment (2024-09-23): The verification of employment is dated [redacted] and within [redacted] days of Note date of [redacted] - page [redacted].

09/24/2024

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792631

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk.

The loan does not meet the ATR requirements due to the lender excluded [redacted]REO properties as pending sale without the required documentation to verify the pending sale per the AUS.

Reviewer Comment (2024-09-17): S&D Reason

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Purchase

C

C

C

C

C

C

A

A

Non QM

ATR Risk

No

223792632

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Missing appraisal - The appraisal report was not included with the loan file. Only a Completion Certificate was provided. the appraisal report was not available and could not be provided.

Reviewer Comment (2024-09-23): S&D reason

2

B

B

B

B

B

B

B

B

B

B

CO

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

Non QM

No

223792632

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.

Disaster Name: ___ Disaster Declaration Date: ___ Disaster End Date:  ___

3

C

C

C

C

C

C

C

C

C

C

CO

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

Non QM

No

223792632

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial [redacted]

1

B

B

B

B

B

B

B

B

B

B

CO

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

Non QM

No

223792632

xx

xx

xx

xx

Credit

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal not provided

3

D

D

D

D

D

D

D

D

D

D

CO

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

Non QM

No

223792632

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Missing

RESPA Disclosure Rule (Dodd-Frank [redacted]): Creditor did not provide List of Homeownership Counseling Organizations to borrower.

2

B

B

B

B

B

B

B

B

B

B

CO

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

Non QM

No

223792632

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

ECOA Appraisal Disclosure - ECOA Timing

ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted]days of the loan application date.

File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted]days of the loan application date.

2

B

B

B

B

B

B

B

B

B

B

CO

Primary

Purchase

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

Non QM

No

223792632

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Loan Estimate Timing

TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted]([redacted]) business days of application.

Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted]([redacted]) business days of application.

2

B

B

B

B

B

B

B

B

B

B

CO

Primary

Purchase

No Defined Cure

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

Non QM

No

223792632

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Temporary SHQM (GSE/Agency Eligible) does not match Due Diligence Loan Designation of Non QM.

Designation mismatch

3

B

B

C

C

B

B

C

C

B

B

CO

Primary

Purchase

Lender to provide updated ATR/QM status

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

Non QM

Yes

223792632

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM Points and Fees

Qualified Mortgage (Dodd Frank [redacted]): Points and Fees on subject loan of [redacted]% is in excess of the allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted]on a Federal Total Loan Amount of $[redacted]vs. an allowable total of $[redacted](an overage of $[redacted]or .[redacted]%).

Excessive points and fees on QM loan

3

C

C

C

C

C

C

C

C

C

C

CO

Primary

Purchase

If a creditor or assignee determines after consummation that the total points and fees exceeds the QM Points and Fees limit, but the loan meets the other requirements to be a QM, the QM Points and Fees exception can be cured through a refund including interest at the contract rate from consummation to the date of cure, with the following conditions: 1)      Refund is made within 210 days of consummation; 2)      The consumer has not instituted any actions against the creditor or provided written notice that the loan's fees exceeded the legal limit; 3)      The loan is not 60 days delinquent; 4)      The creditor or assignee (depending who is curing) has policies in place to identify and cure excessive fees collected from the consumer (the creditor or assignee can only take advantage of this cure provision if they maintain policies and procedures for post-consummation review of points and fees and for providing the cure payments); and 5)      The loan was closed on or before January 10, 2021; Documents Required to Cure 1)      Letter of Explanation 2)      Copy of Refund Check (in the amount of overage plus interest) 3)      Proof of Delivery 4)      Lender/Seller Attestation indicating:         a)      The consumer has not instituted any actions against the creditor or provided written notice that the loan's fees exceeded the legal limit;         b)      The loan is not 60 days delinquent; and         c)      The creditor or assignee (depending who is curing) has policies in place to identify and cure excessive fees collected from the consumer

D

D

D

D

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

Non QM

Yes

223792633

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Most Recent Valuation Inspection Date: ___                  Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___

3

C

C

C

C

C

C

C

C

C

C

TX

Second Home

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792633

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower.

Title - Recording Service Fee was last disclosed as $[redacted]on LE but disclosed as $[redacted]on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file

2

B

B

B

B

B

B

B

B

B

B

TX

Second Home

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223792633

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

Loan Discount Points Fee was  last disclosed as $[redacted]on LE but disclosed as $[redacted]on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file.

2

B

B

B

B

B

B

B

B

B

B

TX

Second Home

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223792633

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Program Eligibility - DTI: A new installment loan was obtained from [redacted][redacted] with a payment of $[redacted]per month.  According to the credit report, an inquiry was made with WFDS on [redacted] which was not addressed.  Including the additional liability, the accurate DTI at closing was [redacted]%.  The LP is invalidated and outside tolerance.

Reviewer Comment (2024-09-26): S&D Defect

2

B

B

B

B

B

B

B

B

B

B

TX

Second Home

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792634

xx

xx

xx

xx

Credit

Disclosure

Missing Document

Disclosure

E-sign Consent Agreement is missing.

-

3

C

C

C

C

C

C

C

C

C

C

TX

Primary

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792634

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Most Recent Valuation Inspection Date: ___                  Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___

3

C

C

C

C

C

C

C

C

C

C

TX

Primary

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792634

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted]([redacted]) business days prior to closing.

Closing Disclosure not provided to Borrower(s) at least [redacted]([redacted]) business days prior to closing.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Cash-out - Other

No Defined Cure

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792634

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - There was an outstanding subordinate partial claim mortgage/lien in the name of Department of Housing and Urban Development that was not satisfied

Reviewer Comment (2024-09-27): S&D Defect

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792634

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Loan Package Documentation

Missing Lien(s) negatively impacting title

Loan file contains partial claim mortgage dated [redacted] for $[redacted]; CD does not show this as being paid off - unable to determine lien position

Reviewer Comment (2024-09-27): S&D defect

3

C

C

C

C

C

C

C

C

C

C

TX

Primary

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792635

xx

xx

xx

xx

Property

Collateral

General

Appraisal Reconciliation

Subject is not in average or better condition.

- Property Condition: ___

Reviewer Comment (2024-09-29): S&D reason

3

C

C

C

C

C

C

C

C

C

C

MO

Primary

Purchase

C

C

C

C

B

B

C

C

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792635

xx

xx

xx

xx

Credit

Insurance

Insurance Analysis

Insurance

Insufficient Coverage: Hazard insurance coverage amount is insufficient.

Coverage of $[redacted]-does not meet equal greater of [redacted]% cost new ($[redacted]) or loan amount $[redacted]. Please also confirm total policy premium amount as final CD confirms annual amount of $[redacted]and policy provided shows $[redacted]

3

C

C

C

C

C

C

C

C

C

C

MO

Primary

Purchase

C

C

C

C

B

B

C

C

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792635

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Program Eligiblity - Appraisal Issue: Appraisal/Comparable Sale Physical Features Inaccurate - Condition Quality of Construction -The appraiser reported C[Redacted] condition when evidence obtained from the sale's MLS listing and photographs indicated C[Redacted] condition. Inadequate Comparable Adjustment - Guidelines state the adjustments must reflect the market's reaction to the difference in the properties. The appraiser made a $[Redacted] and $[Redacted] adjustment for smaller acreage sites to sales [Redacted] and [Redacted]. Use of Dissimilar Comparable to Site Characteristics -The property included a pond while comparable two included a [Redacted]-acre lake described as a fishing destination and has a large concrete dock. Use of Dissimilar Comparable Sale- Condition/Quality Construction and Age - The subject was a wood and vinyl colonial. Sale two was rated higher in quality and was an all-brick home with higher quality interior and exterior features.  The subject was [Redacted] years old while sale two was [Redacted] years old.

Reviewer Comment (2024-09-29): S&D Defect

2

B

B

B

B

B

B

B

B

B

B

MO

Primary

Purchase

C

C

C

C

B

B

C

C

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792635

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (x-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank xxxx): Borrower waived right to receive a copy of the appraisal at least [redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing.

2

B

B

B

B

B

B

B

B

B

B

MO

Primary

Purchase

C

C

C

C

B

B

C

C

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792635

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Subject property is rural with [Redacted] acres with several barns and buildings along with a fully stocked pond. The owner receives a $[Redacted] per quarter in rent for pasture (for livestock). Investor consideration required

3

C

C

C

C

C

C

C

C

C

C

MO

Primary

Purchase

C

C

C

C

B

B

C

C

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792636

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA -  Initial Escrow Account Statement Missing

RESPA: Initial escrow account statement was not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792636

xx

xx

xx

xx

Credit

Disclosure

Missing Document

Disclosure

E-sign Consent Agreement is missing.

-

3

C

C

C

C

C

C

C

C

C

C

IL

Primary

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792636

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Program Eligibility- Cash Out Refinance Seasoning:  The first lien mortgage being refinanced must be seasoned for at least [Redacted] months. Unable to cure findings, [redacted] Mortgage was opened [redacted] [Redacted] per the credit report provided and was not [Redacted] months old at closing.

Reviewer Comment (2024-09-24): S&D Defect

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792636

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Missing Document

Missing Document: Approval not provided

3

C

C

C

C

C

C

C

C

C

C

IL

Primary

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792636

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Issue:  Refinance seasoning requirements not met

[Redacted] mos < [Redacted] mos required - Prior loan dated [Redacted]

Reviewer Comment (2024-09-24): S&D reason

3

C

C

C

C

C

C

C

C

C

C

IL

Primary

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792637

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [Redacted]

Reviewer Comment (2024-09-25): Received Final 1003, exception cleared. Seller Comment (2024-09-24): Final 1003

09/25/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792637

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - eNote - Unable to allocate due to not obtaining the [Redacted] cert prior to close on a Community Access[Redacted]. [Redacted] [redacted] under our [Redacted] delivery is not an option since this is a Community Access Product, unfortunately.

Reviewer Comment (2024-09-20): S&D defect

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792637

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Note is eSigned

Reviewer Comment (2024-09-20): S&D defect

3

C

C

C

C

C

C

C

C

C

C

TX

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792637

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Missing proof of homeownership education course completed as required by DU (#[Redacted])

Reviewer Comment (2024-09-20): S&D reason

3

C

C

C

C

C

C

C

C

C

C

TX

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792639

xx

xx

xx

xx

Credit

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal not provided

Reviewer Comment (2024-09-25): Received 1004, exception cleared. Seller Comment (2024-09-24): Completion Report Seller Comment (2024-09-24): Appraisal

09/25/2024

1

D

A

D

A

D

A

D

A

D

A

VA

Primary

Purchase

D

B

D

B

A

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792639

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.

Reviewer Comment (2024-09-28): Received appraisal which was completed post disaster, Exception cleared. Seller Comment (2024-09-24): Appraisal was completed post disaster

09/28/2024

1

C

A

C

A

C

A

C

A

C

A

VA

Primary

Purchase

D

B

D

B

A

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792639

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Appraisal is missing. Sec ID: [Redacted]

Reviewer Comment (2024-09-25): Received 1004, exception cleared. Seller Comment (2024-09-24): see other uploads for report

09/25/2024

1

D

A

D

A

D

A

D

A

D

A

VA

Primary

Purchase

D

B

D

B

A

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792639

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-09-19): Sufficient Cure Provided At Closing

09/19/2024

1

A

A

A

A

A

A

A

A

A

A

VA

Primary

Purchase

Final CD evidences Cure

D

B

D

B

A

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223792639

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Repurchased loan due to Appraisal Requirements not being met: The appraisal included in the subject loan file is insufficient: The appraisal noted that the main roof has several missing shingles and water damage. Based on photos, it appears the missing shingles are above the main living area and attached garage. Photos of the attached garage ceiling reflect significant water damage/deterioration. Appraiser could not determine if the water damage was from current leaks. Based on the missing shingles, extensive water damage/deterioration and current status of water leak being unknown, the report should of been issued "subject to" a roof inspection. FC Referral [Redacted] Borrower Paid Total Amount Due IAO $[Redacted] to bring loan current **Credit Score will be impacted by mortgage payment history**

Reviewer Comment (2024-09-23): S&D Defect

2

B

B

B

B

B

B

B

B

B

B

VA

Primary

Purchase

D

B

D

B

A

A

D

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792640

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.

[redacted] Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-09-19): Sufficient Cure Provided At Closing

09/19/2024

1

A

A

A

A

A

A

A

A

A

A

WA

Primary

Purchase

Final CD evidences Cure

C

C

C

C

A

A

A

A

Non QM

Non QM

Yes

223792640

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - eNote - Repurchased loan due to Delinquency / Recourse Agreement - Guidelines not met: The Borrower has not established an acceptable credit reputation. For Manually Underwritten Mortgages, the Seller's evaluation of the Borrower's credit reputation must be based on the entire credit history documented in the Mortgage file. In addition, when using FICO scores with at least two reason codes related to nonpayment of obligations, the Seller must presume the derogatory information is significant and the Seller must document the extenuating circumstances or conclude that the difficulties were due to financial mismanagement. The delinquent payments to the two mortgages with [redacted]/[redacted] and the delinquent payments to the [redacted] Credit account all occurred within [Redacted] years of the subject Note Date and the loan file did not document an extenuating circumstance for the delinquencies. LOE indicates they relocated and rented home with [redacted] out in [Redacted]. By [Redacted] renters not making payments. Borrower moved back into home [Redacted].  Due to renters not making payments borrower ended up doing voluntary repo on truck and trailer and started loan mod with [redacted] but loan was sold to [redacted] during that process.   Loss Mit Workout Review [Redacted]; Denied for Loss Mit [Redacted]; Forbearance [Redacted] - [Redacted]; FC Referral [Redacted]. Loss Mit Workout Review [Redacted] - Borrower paid TAD to bring loan current  **Credit Score will be impacted by mortgage payment history**

Reviewer Comment (2024-09-23): S&D defect

2

B

B

B

B

B

B

B

B

B

B

WA

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792640

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Note is eSigned

Reviewer Comment (2024-10-02): S&D Defect Seller Comment (2024-09-24): disclosed - will be converted at time of collateral shipment

3

C

C

C

C

C

C

C

C

C

C

WA

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792641

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-09-24): Sufficient Cure Provided At Closing

09/24/2024

1

A

A

A

A

A

A

A

A

A

A

NC

Primary

Purchase

Final CD evidences Cure

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Fail

Yes

223792641

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D - This was originated as a [redacted] mortgage, but didn't qualify and is therefore ineligible for delivery.

Reviewer Comment (2024-09-30): S&D reason

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Fail

No

223792641

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank xxxx): Creditor did not provide a copy of each valuation to applicant [redacted] ([Redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Fail

No

223792641

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Self-Employed Tax Return Recency - QM

General QM: Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date [Redacted],  Most Recent Tax Return End Date [Redacted], Tax Return Due Date [Redacted].

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Fail

No

223792641

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank xxxx): Originator Loan Designation of [redacted] QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

The loan designation is [redacted] QM(APOR)

Reviewer Comment (2024-10-10): Waterfall exception buyer to review for waiver or re-designation Seller Comment (2024-10-09): [redacted] indicates okay to waive, requesting waiver.

3

B

B

C

C

B

B

C

C

B

B

NC

Primary

Purchase

Lender to provide updated ATR/QM status

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Fail

Yes

223792641

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Federal HPML

(Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer)

TILA HPML Appraisal Rule (Dodd-Frank xxxx): Creditor did not provide a copy of revised valuation to applicant [redacted] ([Redacted]) business days prior to consummation.

Appraisal provided [Redacted]

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Fail

No

223792641

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Employment - Schedule [redacted]

General QM: Unable to verify current [redacted] status using reasonably reliable third-party records.

Nothing to verify Schedule [redacted] business was active at the time of closing.

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Fail

No

223792641

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Income/Asset Guideline Deficiency - QM Impact

General QM:  There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.)

Missing third party verification of employment for Schedule [redacted] business.

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Fail

No

223792641

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income documentation requirements not met.

Missing business tax return extension for [Redacted] business, and third party verification of employment for Schedule [redacted] business.

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Fail

No

223792641

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

AUS/Guideline Findings: All conditions were not met

Business return for [Redacted] was not  in file and no extension is in the file.

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Fail

No

223792641

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

- ___

Business return for [Redacted] was not  in file and no extension is in the file.

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Fail

No

223792641

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing one or more guideline components, the loan is at QM risk.

Business return for [Redacted] was not  in file and no extension is in the file.

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Fail

No

223792641

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

Property inspected post disaster but pre-FEMA declaration of disaster end date.

Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted]

SitusAMC,Aggregator

Reviewer Comment (2024-11-04): PDI no damage, prior to end date Reviewer Comment (2024-11-04): xxx Reviewer Comment (2024-11-02): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] Seller Comment (2024-10-30): PDI report - no damage Reviewer Comment (2024-10-10): Buyer to review Seller Comment (2024-10-09): Disaster occurred after loan origination, Seller would not have been required to obtain valuation inspection. [redacted] to advise on process and if inspection report is required to proceed.

11/04/2024

2

C

B

C

B

C

B

C

B

C

B

NC

Primary

Purchase

C

C

C

C

C

C

A

A

Safe Harbor QM (APOR)

QM (APOR) Fail

No

223792642

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D - COLLATERAL: Freddie Mac's requirements for a Desktop Appraisal (found in Guide Section [Redacted] and[Redacted]) were not met.

Reviewer Comment (2024-09-30): S&D Defect

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792642

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

-

Letter from employer that specifies the terms of employment, was not provided.

Reviewer Comment (2024-10-17): Received Employer Letter, exception cleared. Seller Comment (2024-10-16): Offer letter for [redacted] Seller Comment (2024-10-16): Offer letter for [redacted] from email attached. VVOE (page [redacted]) confirms start date of [redacted] with email from employer, [redacted] (page [redacted]) verifying start date of [redacted]. The offer letter confirms position and compensation. Reviewer Comment (2024-10-10): Letter in file is for [redacted], missing letter for [redacted] Seller Comment (2024-10-09): Employment letter in file specifies position, start date and base salary and identifies the employer and borrower as employee (page [redacted]).

10/17/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792642

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank xxxx): Creditor did not provide a copy of each valuation to applicant [redacted] ([Redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792642

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

- ___

Lease was provided, however it was not signed by the borrower (landlord) or the tenants.

Reviewer Comment (2024-10-29): Received Seller Comment (2024-10-29): Copy of executed lease agreement. Seller Comment (2024-10-29): Copy of signed leased provided - it's signed by both the tenant and landlord via e-signatures, but is post-closing signed and dated. There is not a copy of the lease signed at time of origination.

10/29/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792642

xx

xx

xx

xx

Compliance

Compliance

General

Compliance

Income documentation did not meet the requirements of the Seller Indicated VSH Guideline.  VSH cannot be validated.

Seller Indicated VSH Guideline:  ___

Employer letter for projected income was not received.

Reviewer Comment (2024-11-02): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted]

11/02/2024

1

A

A

A

A

A

A

A

A

A

A

FL

Primary

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792642

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Borrower has been employed in the same industry for more than [redacted] years. Borrowers made a down payment from their own funds on this [redacted] transaction of at least [redacted] and [redacted] The representative [redacted] score is above [redacted] Property inspected post disaster but pre-FEMA declaration of disaster end date.

Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted]

SitusAMC SitusAMC SitusAMC Aggregator

Reviewer Comment (2024-11-02): Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted] Seller Comment (2024-10-30): PDI Seller Comment (2024-10-30): PDI provided - no damage Reviewer Comment (2024-10-29): EXCEPTION HISTORY - Exception Explanation was updated on [redacted] PRIOR Exception Explanation: Disaster Name: HURRICANE [redacted] Disaster Declaration Date: [redacted] Reviewer Comment (2024-10-10): Buyer review Seller Comment (2024-10-09): Disaster occurred after loan origination, Seller would not have been required to obtain valuation inspection. [redacted] to advise on process and if inspection report is required to proceed.

11/02/2024

2

C

B

C

B

C

B

C

B

C

B

FL

Primary

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792642

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

Most Recent Valuation Inspection Date: ___                  Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___

3

C

C

C

C

C

FL

Primary

Purchase

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792652

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D - Collateral: Property condition of C[Redacted], which is not allowed per Freddie Guidelines. Therefore this homepossible loan is ineligible for delivery.

Reviewer Comment (2024-09-30): S&D Defect

2

B

B

B

B

B

B

B

B

B

B

ME

Primary

Purchase

C

C

B

B

A

A

C

C

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792652

xx

xx

xx

xx

Property

Collateral

General

Appraisal Reconciliation

Subject is not in average or better condition.

- Property Condition: ___

Properties with C[Redacted] conditions are not eligible per [redacted] Guidelines.

Reviewer Comment (2024-09-30): S&D defect

3

C

C

C

C

C

C

C

C

C

C

ME

Primary

Purchase

C

C

B

B

A

A

C

C

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792653

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.

Disaster Name: ___ Disaster Declaration Date: ___ Disaster End Date:  ___

The subject property is in a disaster area. The file was missing a property inspection dated after the disaster or the lender's rep and warranty attestation along with visible confirmation that the subject property was not damaged.

3

C

C

C

C

C

C

C

C

C

C

NJ

Primary

Refinance - Limited Cash-out GSE

C

C

C

C

C

C

A

A

Non QM

ATR Fail

No

223792653

xx

xx

xx

xx

Credit

Disclosure

Missing Document

Disclosure

E-sign Consent Agreement is missing.

-

3

C

C

C

C

C

C

C

C

C

C

NJ

Primary

Refinance - Limited Cash-out GSE

C

C

C

C

C

C

A

A

Non QM

ATR Fail

No

223792653

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA -  Initial Escrow Account Statement Missing

RESPA: Initial escrow account statement was not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Refinance - Limited Cash-out GSE

C

C

C

C

C

C

A

A

Non QM

ATR Fail

No

223792653

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Defect - There was an outstanding subordinate partial claim mortgage/lien in the name of Department of Housing and Urban Development that was not satisfied.

Reviewer Comment (2024-10-21): S&D Defect

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Refinance - Limited Cash-out GSE

C

C

C

C

C

C

A

A

Non QM

ATR Fail

No

223792653

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Title reflects mortgage of $[Redacted]; actual mortgage is $[Redacted]

Reviewer Comment (2024-10-22): received correct final title policy

10/22/2024

1

C

A

C

A

C

A

C

A

C

A

NJ

Primary

Refinance - Limited Cash-out GSE

C

C

C

C

C

C

A

A

Non QM

ATR Fail

No

223792653

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Combined High loan to value discrepancy.

Calculated high loan to value percentage of ___ exceeds AUS high loan to value percentage of ___

Title shows lien to HUD for $[Redacted] that is not paid off on CD

Reviewer Comment (2024-10-29): S&D

3

C

C

C

C

C

C

C

C

C

C

NJ

Primary

Refinance - Limited Cash-out GSE

C

C

C

C

C

C

A

A

Non QM

ATR Fail

No

223792653

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Combined loan to value discrepancy.

Calculated combined loan to value percentage of ___ exceeds AUS combined loan to value percentage of ___.

Title shows lien to HUD for $[Redacted] that is not paid off on CD

Reviewer Comment (2024-10-29): S&D

3

C

C

C

C

C

C

C

C

C

C

NJ

Primary

Refinance - Limited Cash-out GSE

C

C

C

C

C

C

A

A

Non QM

ATR Fail

No

223792653

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR

Ability to Repay (Dodd-Frank xxxx): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail.

Missing payment for second lien

3

B

B

C

C

B

B

C

C

B

B

NJ

Primary

Refinance - Limited Cash-out GSE

Lender to provide updated ATR/QM status

C

C

C

C

C

C

A

A

Non QM

ATR Fail

Yes

223792653

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Simultaneous Loan

Ability to Repay (Dodd-Frank xxxx): Simultaneous loan payment was not considered in loan qualification.

Missing payment for second lien

Reviewer Comment (2024-10-29): S&D

3

C

C

C

C

C

C

C

C

C

C

NJ

Primary

Refinance - Limited Cash-out GSE

C

C

C

C

C

C

A

A

Non QM

ATR Fail

No

223792653

xx

xx

xx

xx

Credit

Note

Document Error

Note

Missing Documentation: Complete non-subject financing information was not found in file.

- Non-subject loan terms =  Loan Amount: ___;                     Concurrent or Existing Lien:  ___;      Current P&I:  ___;   Current Balance:  ___

Missing note, unable to determine payment amount

Reviewer Comment (2024-10-29): S&D

3

C

C

C

C

C

C

C

C

C

C

NJ

Primary

Refinance - Limited Cash-out GSE

C

C

C

C

C

C

A

A

Non QM

ATR Fail

No

223792657

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason: CAPACITY The stability of the Borrower's income was not established. The loan was submitted to Loan Product Advisor (LPA) with total income of $[Redacted] and total monthly debts of $[Redacted]. The Borrower was qualified using a combination of Commission income of $[Redacted], $[Redacted] in income derived from secondary Self-employment and, $[Redacted] in Rental income. The[Redacted] Commission income was $[Redacted] and the year-to-date [Redacted] was $[Redacted]. Pursuant to Sections [Redacted] and [Redacted] of the Freddie Mac Seller/Servicer Guide, 'if the decline between the prior year(s) and/or YTD earnings exceeds [Redacted]%, the Seller must conduct further analysis and additional documentation may be necessary to determine whether the income is currently stable. This analysis must include the reason for the declining trend, and support that the current income has stabilized. Requested the Seller's income analysis providing the reason for the declining trend with additional documentation to support that the current income has stabilized.' A request for this documentation was made on [Redacted]; however, no additional information was provided. Based on our analysis, the Borrower's ability to maintain a consistent level of Commission income was not established as required. Although the loan application indicated the Borrower has <[Redacted]% ownership in a consulting business located in [redacted], [redacted], the Schedule K-[Redacted] reflects the Borrower owns [Redacted]% of the business. The loan review file does not contain documentation to evidence the business is open and operating dated within [Redacted] days before Note date. A request for this documentation was made on [Redacted]; however, no additional information was provided. (Reference Seller/Servicer Bulletin[Redacted] [Redacted] Temporary Requirements). Last, the rental income derived from [Redacted][redacted] [Redacted]th Street was not properly documented using a lease along with Form [Redacted] or [Redacted] supporting the income reflected on the lease; or documentation evidencing the receipt of [redacted] months of rental income was not provided. A request for the documentation was made on [Redacted] to support the rental income; however, no additional information was provided. (Reference Section [Redacted] (a) (iii) of the Freddie Mac Seller/Servicer Guide). CAPACITY The Borrowers' capacity to repay the subject mortgage and all other monthly obligations was not established. The Borrowers' total monthly debt was miscalculated. The following [redacted] liabilities were omitted from the [Redacted]- income ratio calculation: -[Redacted] Financial Auto Lease #[Redacted] ($[Redacted]) -seller mortgage #[Redacted] ($[Redacted]) The loan file included 'business' bank transaction history verifying only [Redacted] ) months payments to [Redacted]Financial Lease #[Redacted] ($[Redacted]) vs. the required [Redacted]-months. (Reference Section[Redacted] (b)(i) of the [Redacted] Seller/Servicer Guide) The seller mortgage was secured by a property that was reportedly converted into a rental property. However, a lease along with Form [Redacted] or [Redacted] supporting the income reflected on the lease; or documentation evidencing the receipt of [redacted] months of rental income was not provided. A request for the documentation was made on [Redacted]to support the rental income; however, no additional information was provided. (Reference Section[Redacted] (a) (iii) of the Freddie Mac Seller/Servicer Guide). When including these debts, the DTI increases to [Redacted]% (as developed at origination), which exceeds the Loan Product Advisor (LPA) DTI of [Redacted]% by more than the allowable tolerance. As a result, the LPA Feedback has been invalidated. The subject loan is not acceptable as a manually underwritten mortgage because the DTI of [Redacted]% exceeds the maximum allowable DTI for a manually underwritten mortgage. The subject loan is ineligible for sale to Freddie Mac.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792657

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.

Reviewer Comment (2024-11-08): Received Property Inspection Report, Exception cleared.

11/08/2024

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792657

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Verification(s) of employment is not within [Redacted] business days of the Note.

-

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792657

xx

xx

xx

xx

Credit

Income

Income Eligibility

Income

Borrower has un-audited YTD P&L and does not have [Redacted] months business Account statements. (GSE [Redacted])

-

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Purchase

C

C

C

C

A

A

A

A

Non QM

Non QM

No

223792658

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

S & D Reason: [redacted] has notified us that they will not purchase a loan that has a NSF on the pay history, regardless of whether the payment is due or not. Borrowers [redacted] payment was posted [Redacted], and reversed [Redacted] for NSF. The NSF was confirmed with [redacted] [Redacted] Program: [redacted]

Reviewer Comment (2024-10-22): S&D defect

3

C

C

C

C

C

C

C

C

C

C

NC

Primary

Purchase

C

C

C

C

C

B

A

A

Non QM

Non QM

No

223792658

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank xxxx): Creditor did not provide a copy of each valuation to applicant [redacted] ([Redacted]) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Purchase

C

C

C

C

C

B

A

A

Non QM

Non QM

No

223792658

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Amount Financed Test

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted] is over disclosed by $[Redacted] compared to the calculated Amount Financed of $[Redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]).

Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted] is over disclosed by $[Redacted] compared to the calculated Amount Financed of $[Redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]).

2

C

B

C

B

C

B

C

B

C

B

NC

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

C

C

C

C

B

A

A

Non QM

Non QM

Yes

223792658

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Finance Charge

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page [Redacted]that does not match the actual Finance Charge for the loan.  The disclosed Finance Charge in the amount of $[Redacted] is under disclosed by $[Redacted] compared to the calculated Finance Charge of $[Redacted] which exceeds the $[Redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]).

Final Closing Disclosure provided on[Redacted] disclosed an inaccurate Finance Charge on page [Redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted] is under disclosed by $[Redacted] compared to the calculated Finance Charge of $[Redacted] which exceeds the $[Redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]).

2

C

B

C

B

C

B

C

B

C

B

NC

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission if Applicable

C

C

C

C

C

B

A

A

Non QM

Non QM

Yes

223792658

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR Risk

Ability to Repay (Dodd-Frank xxxx): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.

Reviewer Comment (2024-10-29): Due to waive and downgrade of DTI per client

10/29/2024

1

B

A

C

A

B

A

C

A

B

A

NC

Primary

Purchase

Lender to provide updated ATR/QM Loan Designation

C

C

C

C

C

B

A

A

Non QM

Non QM

Yes

223792658

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines

Ability to Repay (Dodd-Frank xxxx): The DTI calculated in accordance with the Lenders Guidelines and [Redacted](c)([Redacted]) of [Redacted]% moderately exceeds the guideline maximum of [Redacted]%. (DTI Exception is eligible to be regraded with compensating factors.)

Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least[redacted] and [redacted] The Loan to Value (LTV) on the loan is less than or equal to [redacted]%.

SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-10-29): Waive and downgrade per client email[redacted]

10/29/2024

2

C

B

C

B

C

B

C

B

C

B

NC

Primary

Purchase

C

C

C

C

C

B

A

A

Non QM

Non QM

No

223792658

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Investor qualifying total debt ratio discrepancy.

Calculated investor qualifying total debt ratio of ___ exceeds AUS total debt ratio of ___.

The calculated DTI of [Redacted]% exceeds the AUS DTI of [Redacted]%. The loan was submitted with a debt paid at closing. However, the debt is not reflected on the final closing disclosure as paid through loan proceeds.

Borrower has worked in the same position for more than [redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least[redacted] and [redacted] The Loan to Value (LTV) on the loan is less than or equal to [redacted]%.

SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-10-29): Waive and downgrade per client email [redacted]

10/29/2024

2

C

B

C

B

C

B

C

B

C

B

NC

Primary

Purchase

C

C

C

C

C

B

A

A

Non QM

Non QM

No

223792658

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank xxxx): Based on the loan failing one or more guideline components, the loan is at ATR risk.

ATR failure due to excessive DTI. The loan was submitted with a debt being paid at closing. However, the final closing disclosure does not reflected the omitted debt being paid at closing.

Reviewer Comment (2024-10-29): Due to waiver of DTI by client

10/29/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Primary

Purchase

C

C

C

C

C

B

A

A

Non QM

Non QM

No

223792659

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: [Redacted]

The File was Missing the Secondary Valuation required for Securitization purposes.

Reviewer Comment (2024-11-08): Received [redacted], Exception cleared.

11/08/2024

1

D

A

D

A

D

A

D

A

D

A

NC

Primary

Purchase

D

B

C

B

A

A

D

A

Non QM

Non QM

No

223792659

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Funding Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.

[redacted] Percent Fee Tolerance exceeded for Funding Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. No excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-10-17): Sufficient Cure Provided At Closing

10/17/2024

1

A

A

A

A

A

A

A

A

A

A

NC

Primary

Purchase

Final CD evidences Cure

D

B

C

B

A

A

D

A

Non QM

Non QM

Yes

223792659

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of $[Redacted]exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.

[redacted] Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. No excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-10-17): Sufficient Cure Provided At Closing

10/17/2024

1

A

A

A

A

A

A

A

A

A

A

NC

Primary

Purchase

Final CD evidences Cure

D

B

C

B

A

A

D

A

Non QM

Non QM

Yes

223792659

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[Redacted]  exceeds tolerance of $[Redacted].  Sufficient or excess cure was provided to the borrower at Closing.

[redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. No excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-10-17): Sufficient Cure Provided At Closing

10/17/2024

1

A

A

A

A

A

A

A

A

A

A

NC

Primary

Purchase

Final CD evidences Cure

D

B

C

B

A

A

D

A

Non QM

Non QM

Yes

223792659

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason: Red flags concerning the co-borrower's employment/income were not addressed and resolved.       -Letter from employer states his start date as [Redacted] and the sales contract date is [Redacted]       -Income earned went from $[Redacted] to $[Redacted] annually       -Co-borrower went from mechanic to a manager and there is no history of management experience       -Letter from employer states his start date was [Redacted] but the paystub dated [Redacted]-[Redacted] shows his new salary income       -Letter states the co-borrower was a mechanic manager from [Redacted]- [Redacted] and his Schedule [redacted] states mechanic at $[Redacted]       -His history of income was $[Redacted] in [Redacted]and $[Redacted] in [Redacted]. His new salary is $[Redacted] -Red flags concerning the borrower and co-borrower have been self-employed/employed for [redacted] years ([Redacted])       -The borrower and co-borrowers social security cards were not obtained until [Redacted]       -The driver's license for the borrower and co-borrower were issues [Redacted]       -Employment Authorization cards for the borrower and co-borrower were obtained [Redacted]       -Credit history did not start until [Redacted]       -Address history did not start until [Redacted]       -The borrower and co-borrower's [Redacted]tax returns were not filed until [Redacted] which is after this loan application was taken. They both filed Schedule [redacted]       -Employment letter from the co-borrower states his start date was [Redacted] but he files Schedule [redacted] as a mechanic for [Redacted]and [Redacted] Per the investor: QC audit report has come back [Redacted] times now as a significant rating and as what is being sent in is not clearing what is being requested.  This was escalated to upper management to review and they agreed that due to the age and the allowable [Redacted] submissions for QC still not clearing, this file will be cancelled. Program: [redacted] Housing, Home Advantage Program Investor [redacted]

Reviewer Comment (2024-10-24): S&D Defect

2

B

B

B

B

B

B

B

B

B

B

NC

Primary

Purchase

D

B

C

B

A

A

D

A

Non QM

Non QM

No

223792659

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

Property inspected post disaster but pre-FEMA declaration of disaster end date.

Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted]

SitusAMC,Aggregator

Reviewer Comment (2024-11-13): No damage

11/13/2024

2

C

B

C

B

C

B

C

B

C

B

NC

Primary

Purchase

D

B

C

B

A

A

D

A

Non QM

Non QM

No

223792660

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason: ADVERSE FINDINGS: Deficiencies were identified through your Quality Control process and reported to Freddie Mac. DOCUMENTATION: The mortgage file lacked the following: Document the terms of the [redacted] monthly obligation and provide a [Redacted]-month rating. The divorce decree stated the Borrower was awarded the [redacted]. The AUS has been invalidated and the loan does not qualify for a manual underwrite.

Reviewer Comment (2024-10-24): S&D Defect

2

B

B

B

B

B

B

B

B

B

B

WV

Primary

Purchase

C

C

C

C

C

B

A

A

Non QM

Non QM

No

223792660

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

West Virginia Residential Mortgage Lender, Broker, and Servicer Act (Borrower Not Charged for Actual Amounts of Third Party Fees)

[redacted] Residential Mortgage Lender, Broker and Servicer Act: No evidence in file to support that the borrower was charged the actual amounts for all third party fees.

Reviewer Comment (2024-11-14): Provide  invoices for fees for the[redacted] fees being charged to borrower Seller Comment (2024-11-13): Not sure what is being asked here.  Please have investor review.

2

C

B

C

B

C

B

C

B

C

B

WV

Primary

Purchase

C

C

C

C

C

B

A

A

Non QM

Non QM

No

223792660

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Missing Document

Missing Document: AUS not provided

File is missing the AUS/LP dated prior to closing.

Reviewer Comment (2024-11-13): Received

11/13/2024

1

C

A

C

A

C

A

C

A

C

A

WV

Primary

Purchase

C

C

C

C

C

B

A

A

Non QM

Non QM

No

223792660

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (x-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank xxxx): Borrower waived right to receive a copy of the appraisal at least [redacted] ([Redacted]) business days prior to closing, and appraisal was not provided at or before closing.

2

B

B

B

B

B

B

B

B

B

B

WV

Primary

Purchase

C

C

C

C

C

B

A

A

Non QM

Non QM

No

223792660

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR Risk

Ability to Repay (Dodd-Frank xxxx): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.

File is missing the AUS/LP dated prior to closing.

Reviewer Comment (2024-11-13): Received AUS Seller Comment (2024-11-06): [redacted] dated prior to closing

11/13/2024

1

B

A

C

A

B

A

C

A

B

A

WV

Primary

Purchase

Lender to provide updated ATR/QM Loan Designation

C

C

C

C

C

B

A

A

Non QM

Non QM

Yes

223792660

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay - Missing Investor Guideline Qualifying Total Debt Ratio

Unable to complete ATR testing due to missing investor guideline qualifying total debt ratio.

File is missing the AUS/LP dated prior to closing.

Reviewer Comment (2024-11-13): Received AUS

11/13/2024

1

C

A

C

A

C

A

C

A

C

A

WV

Primary

Purchase

C

C

C

C

C

B

A

A

Non QM

Non QM

No

223792660

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines Not Provided

Ability to Repay (Dodd-Frank xxxx): Unable to determine ability to repay due to missing guidelines. Loan characteristics are DTI: [Redacted]%, LTV/CLTV: [Redacted]%/[Redacted]%, Credit Score: [Redacted], Occupancy: Primary, Purpose: Purchase,

File is missing the AUS/LP dated prior to closing.  Therefore, unable to determine the ATR.

Reviewer Comment (2024-11-13): Received[redacted] Seller Comment (2024-11-06): [redacted] cert

11/13/2024

1

C

A

C

A

C

A

C

A

C

A

WV

Primary

Purchase

C

C

C

C

C

B

A

A

Non QM

Non QM

No

223792660

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Missing debts related to [redacted] as noted in the divorce decree

Reviewer Comment (2024-10-24): S&D Defect

3

C

C

C

C

C

C

C

C

C

C

WV

Primary

Purchase

C

C

C

C

C

B

A

A

Non QM

Non QM

No

223792661

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: [Redacted]

The file is missing a copy of the secondary valuation required for securitization purposes.

Reviewer Comment (2024-11-14): received[redacted]

11/14/2024

1

D

A

D

A

D

A

D

A

D

A

OH

Primary

Refinance - Cash-out - Other

D

C

C

C

B

B

D

C

Non QM

Non QM

No

223792661

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

The property is located in a FEMA disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [Redacted] declared end date.

Reviewer Comment (2024-11-08): Received Property Inspection Report, Exception cleared.

11/08/2024

1

C

A

C

A

C

A

C

A

C

A

OH

Primary

Refinance - Cash-out - Other

D

C

C

C

B

B

D

C

Non QM

Non QM

No

223792661

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] ([Redacted]) business days prior to closing.

Closing Disclosure not provided to Borrower(s) at least [redacted] ([Redacted]) business days prior to closing. (Initial/[Redacted])

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Refinance - Cash-out - Other

No Defined Cure

D

C

C

C

B

B

D

C

Non QM

Non QM

No

223792661

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Endorsement Fee.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Insufficient or no cure was provided to the borrower.

Valid COC is not available for Title - Endorsement Fee.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Refinance - Cash-out - Other

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

D

C

C

C

B

B

D

C

Non QM

Non QM

Yes

223792661

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason: Deficiencies were identified through your Quality Control process and reported to Freddie Mac. The Lender advised Freddie Mac that a quality control review of the subject loan discovered the following deficiencies: "The subject property includes [Redacted] cabins. The appraisal description includes [Redacted] Additional Dwelling Unit (ADU) but the property detail report states [Redacted] cabins. The photographs show that both cabins need to be considered as separate ADU's as they fulfill the [Redacted] criteria stated under Freddie Mac Selling guide. Properties with [Redacted] or more ADU''s are ineligible transactions. Also, income from [redacted] was used to qualify using a [Redacted] which confirms the account is an IRA. IRA distributions used as income require evidence of [Redacted] year continuance which was not documented." Freddie Mac has reviewed the loan file and agrees with your findings. Based on a full review of the entire loan file and your self-reported findings, the following deficiencies have been noted: COLLATERAL Freddie Mac has determined that the subject property is ineligible. An ADU is an additional living area that: - Includes a kitchen - Includes a bathroom - Includes a separate entrance - Is independent of the primary dwelling unit - Is subordinate in living area, and - Contributes less to the value of the property than the primary dwelling unit The appraisal reflects that the subject property contains two cabins that meet all of the above criteria, and are considered ADU's. Guide section [Redacted](a) states that a property with two or more ADU's is ineligible for sale to Freddie Mac. DOCUMENTATION The mortgage file lacked the following required documentation: * Proof of continuance of the Borrower's [redacted] IRA distribution for a minimum of [Redacted] months The Borrower was qualified using retirement income of $[Redacted] per month. To document the income the Lender provided a [Redacted]-R from [Redacted] which reflects that the source of the income is from a [redacted] IRA distribution. The loan file did not contain documentation to verify sufficient assets remain in the [redacted] [redacted] account to support continuance of the distributions as income for at least the next [Redacted] years (Guide section [Redacted]). Without documentation supporting continuance of the IRA distribution, the stability of the income could not be established or used for qualification. Due to the delivered DTI ratio of [Redacted]%, any change in income would have an adverse impact on the qualifying ratio. The subject loan is not eligible for sale to Freddie Mac.

Reviewer Comment (2024-10-21): S&D Defect

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Refinance - Cash-out - Other

D

C

C

C

B

B

D

C

Non QM

Non QM

No

223792661

xx

xx

xx

xx

Credit

Income

Document Error

Income

The number of continuance years supported is unknown.

-

The file is missing proof of continuance for the pension distribution income. DTI is subject to change based on proof of continuance.

Reviewer Comment (2024-10-21): S&D Defect

3

C

C

C

C

C

C

C

C

C

C

OH

Primary

Refinance - Cash-out - Other

D

C

C

C

B

B

D

C

Non QM

Non QM

No

223792661

xx

xx

xx

xx

Credit

Guideline

Guideline Issue

Guideline

Ineligible property type.

___

Property consists of Single Family Detached with [Redacted] cabins. Per Freddie Mac guidelines more then [Redacted] ADU is not an eligible property

Reviewer Comment (2024-10-21): S&D Defect

3

C

C

C

C

C

C

C

C

C

C

OH

Primary

Refinance - Cash-out - Other

D

C

C

C

B

B

D

C

Non QM

Non QM

No

223792661

xx

xx

xx

xx

Property

Appraisal Reconciliation

Value Discrepancy

Appraisal Reconciliation

Loan is to be securitized. Highest level secondary valuation does not support the value used to qualify. Sec ID: [Redacted]

Note Date:  ___; Lien Position: ___

Desk review value came back as indeterminate

3

C

C

C

C

C

OH

Primary

Refinance - Cash-out - Other

D

C

C

C

B

B

D

C

Non QM

Non QM

No

223792662

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank xxxx): Creditor did not provide a copy of each valuation to applicant [redacted] ([Redacted]) business days prior to consummation.

Reviewer Comment (2024-11-27): Received documentation showing appraisal delivered electronically on[redacted]. Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation. Seller Comment (2024-11-26): Comment from[redacted]: Sorry, didn't realize you needed them all per the date on the conditoin.  Please see attached. Reviewer Comment (2024-11-25): Received documentation showing appraisal delivered electronically on [redacted] Creditor did not provide a copy of each valuation to applicant[redacted] business days prior to consummation. Seller Comment (2024-11-25): Comment from [redacted]: Appraisal delivery

2

B

B

B

B

B

B

B

B

B

B

VA

Second Home

Purchase

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792662

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

RESPA Disclosure Rule (Dodd-Frank xxxx): List of Homeownership Counseling Organizations not provided to applicant within [redacted] ([Redacted]) business days of application.

List of Homeownership Counseling Organizations not provided to applicant within [redacted] ([Redacted]) business days of application.

Reviewer Comment (2024-11-25): Received in trailing documents. Seller Comment (2024-11-25): Comment from [redacted]: Intiial homeownership counseling

11/25/2024

1

B

A

B

A

B

A

B

A

B

A

VA

Second Home

Purchase

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792662

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Loan Estimate Timing

TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] ([Redacted]) business days of application.

Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] ([Redacted]) business days of application.

Reviewer Comment (2024-12-02): LE provided within[redacted] days of program switch from [redacted] to a conventional fixed covered under TRID regulations. Regraded[redacted] Reviewer Comment (2024-12-02): LE provided within [redacted] days of program switch from[redacted]to a conventional fixed covered under [redacted] regulations. Buyer Comment (2024-11-27): Comment from [redacted]: There is not a earlier LE - I provided proof of initial program and the disclosure trail.  This should clear your concerns with an initial LE not being issued at time of application. Reviewer Comment (2024-11-26): [redacted] received [redacted] LE.  However, the initial application date is [redacted]. (see [redacted]) and the [redacted] LE would not have been issued within[redacted] business days of application date.  provide earlier LE to meet timing. Seller Comment (2024-11-25): Comment from [redacted]: Initial loan application was submitted as are[redacted] home equity loan first mortgage.  NO LE REQUIRED.  When loan program changed the initial LE was issued.

2

C

B

C

B

C

B

C

B

C

B

VA

Second Home

Purchase

No Defined Cure

C

B

A

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223792663

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Missing Document

Missing Document: Divorce Decree / Child Support not provided

Missing evidence of borrower child support receipt.

Reviewer Comment (2024-11-29): Not applicable. Buyer Comment (2024-11-29): Comment from [redacted]: I'm not seeing that the borrower is using any child support income at all nor is he paying it.  Can you let us know where this is coming from.

11/29/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Non QM

Non QM

No

223792663

xx

xx

xx

xx

Compliance

Compliance

State Compliance

Misc. State Level

(TXxx(a)(x)) Texas Cash-out Loan (T-xx Endorsement Not Obtained)

[Redacted]Constitution Section [Redacted](a)([Redacted]): Acceptable [redacted] title insurance endorsements not obtained for home equity loan.  The loan file does not evidence the Title Policy includes the [redacted] T-[Redacted] endorsement or the T-[Redacted] endorsement. (The loan is a [Redacted] Section [Redacted] (a)([Redacted]) home equity loan.)

Reviewer Comment (2024-12-09): Confirmed Endorsements [redacted]. Seller Comment (2024-12-05): Comment from [redacted]: Per the title email uploaded, the Title Policy includes the [redacted]endorsement

12/09/2024

1

B

A

B

A

B

A

B

A

B

A

TX

Primary

Refinance - Cash-out - Other

The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation

C

B

C

A

C

B

A

A

Non QM

Non QM

No

223792663

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

(TXxx(a)(x)) Texas Cash-out Loan  (Loan Not Closed At Office of Lender, Attorney, or Title Company)

[redacted] Constitution Section [redacted]:  Unable to determine if loan was closed at an authorized location due to missing documentation.

Reviewer Comment (2024-11-29): Received in trailing documents. Seller Comment (2024-11-29): Comment from [redacted]: Affidavit to receipt to docs and place of signing and compliance with [redacted] Compliance

11/29/2024

1

B

A

B

A

B

A

B

A

B

A

TX

Primary

Refinance - Cash-out - Other

Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.

C

B

C

A

C

B

A

A

Non QM

Non QM

Yes

223792663

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing.

The only Closing Disclosure provided was the final, it was issued on same day as closing.

Reviewer Comment (2024-12-02): [redacted]received[redacted] business days prior to consummation. Seller Comment (2024-11-29): Comment from[redacted] Initial CD

12/02/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Cash-out - Other

No Defined Cure

C

B

C

A

C

B

A

A

Non QM

Non QM

No

223792663

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Non Escrow Costs Year [redacted] Underdisclosed - [redacted] [redacted]

TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [redacted] of  on Final Closing Disclosure provided on [redacted] are underdisclosed.

The final CD dated [redacted] non-escrowed property cost is blank on page [redacted].

Reviewer Comment (2024-12-10): [redacted] received corrected PCCD and LOE Seller Comment (2024-12-09): Comment from [redacted]): PCCD and LOX Reviewer Comment (2024-12-05): [redacted] received rebuttal. However, [redacted]of[redacted]/year. The acceptable amounts are [redacted] or [redacted]months. The allowable tolerance for the escrow account fields is [redacted] for under disclosure and no penalty for over disclosure however the amount cannot exceed [redacted]months of calculated costs or less than [redacted]months. Please provide verification if using an updated amount.  Letter of Explanation and Corrected CD required to cure. Buyer Comment (2024-12-05): Comment from[redacted]: There is no other property cost besides the hazard insurance and tax which was escrowed so can you clarify what you want to be provided in the non-escrowed property cost Year[redacted] on the final CD. Please waive

12/10/2024

2

C

B

C

B

C

B

C

B

C

B

TX

Primary

Refinance - Cash-out - Other

Letter of Explanation & Corrected Closing Disclosure

C

B

C

A

C

B

A

A

Non QM

Non QM

Yes

223792663

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

(TXxx(a)(x)) Texas Cash-out Loan  (Itemization of Points and Fees Not Provided At Least x Business Day Prior to Closing - No Waiver)

[redacted] Constitution Section [redacted]: Final itemized disclosure of fees, points, costs and charges not provided to borrower at least [redacted] business day prior to closing without a waiver.

Reviewer Comment (2024-11-29): Received in trailing documents. Seller Comment (2024-11-29): Comment from[redacted]: Proof of Receipt of itemized disclosure of fees, points, costs and charges

11/29/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Cash-out - Other

Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.

C

B

C

A

C

B

A

A

Non QM

Non QM

Yes

223792664

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

- ___

Reviewer Comment (2025-01-03): Not required Seller Comment (2025-01-02): Comment from [redacted]: VOE and articles showing [redacted] ownership

01/03/2025

1

C

A

C

A

C

A

C

A

C

A

CO

Primary

Purchase

C

B

C

A

C

B

C

A

Safe Harbor QM (APOR)

Non QM

No

223792664

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal was made "subject to" and Form [redacted] was not provided.

-

Reviewer Comment (2024-12-23): Received in trailing documents. Seller Comment (2024-12-19): Comment from [redacted]: Appraisal was made "subject to the installation of smoke and CO detectors. See addendum." Addendum states subject has [redacted]detector and smoke detector are installed. Pictures also show [redacted]/smoke detectors

12/23/2024

1

C

A

C

A

C

A

C

A

C

A

CO

Primary

Purchase

C

B

C

A

C

B

C

A

Safe Harbor QM (APOR)

Non QM

No

223792664

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

-

Reviewer Comment (2024-12-31): Received in trailing documents. Seller Comment (2024-12-31): Comment from[redacted]: Mortgage Statement from Christian Community Credit Union   -[redacted] Reviewer Comment (2024-12-23): Mortgage statement not provided. Seller Comment (2024-12-19): Comment from [redacted]: REO docs

12/31/2024

1

C

A

C

A

C

A

C

A

C

A

CO

Primary

Purchase

C

B

C

A

C

B

C

A

Safe Harbor QM (APOR)

Non QM

No

223792664

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM (APOR) Threshold Fail

Qualified Mortgage: QM APR on subject loan of [redacted]% is equal to or greater than the threshold of  [redacted]%.

Reviewer Comment (2024-12-17): Loan Designation restated. Compliance testing updated.

12/17/2024

1

C

A

C

A

C

A

C

A

C

A

CO

Primary

Purchase

C

B

C

A

C

B

C

A

Safe Harbor QM (APOR)

Non QM

No

223792664

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA -  Initial Escrow Account Statement Missing

RESPA: Initial escrow account statement was not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

CO

Primary

Purchase

C

B

C

A

C

B

C

A

Safe Harbor QM (APOR)

Non QM

No

223792664

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of [redacted] QM (APOR) does not match Due Diligence Loan Designation of Non QM.

Originator Loan Designation of [redacted] QM (APOR) does not match Due Diligence Loan Designation of Non QM.

Reviewer Comment (2024-12-17): Loan Designation restated. Compliance testing updated. Buyer Comment (2024-12-17): Comment from [redacted] Please re-state/re-test to Non QM. Thank you!

12/17/2024

1

B

A

C

A

B

A

C

A

B

A

CO

Primary

Purchase

Lender to provide updated ATR/QM status

C

B

C

A

C

B

C

A

Safe Harbor QM (APOR)

Non QM

Yes

223792664

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing.

Fields updated as per Closing disclosure.

Reviewer Comment (2024-12-20): [redacted] received [redacted] business days prior to consummation. Seller Comment (2024-12-19): Comment from[redacted]: Initial CD

12/20/2024

1

C

A

C

A

C

A

C

A

C

A

CO

Primary

Purchase

No Defined Cure

C

B

C

A

C

B

C

A

Safe Harbor QM (APOR)

Non QM

No

223792664

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Restated Loan Designation Match - General Ability to Repay

Ability to Repay (Dodd-Frank [redacted]): The initial Loan Designation provided did not match.  However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM.

Loan Designation restated. Compliance testing updated.

2

A

B

B

B

A

CO

Primary

Purchase

C

B

C

A

C

B

C

A

Safe Harbor QM (APOR)

Non QM

No

223792679

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

FL

UTD

UTD - UTD

D

D

D

D

No

223792679

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

D

D

D

D

No

223792679

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

D

D

D

D

No

223792679

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Non-Required Data

Unable to determine occupancy, compliance results were generated using a defaulted value of Primary.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

D

D

D

D

No

223792679

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

D

D

D

D

No

223792679

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete HUD-1

Missing Final HUD-x:  No Document Used For Fee Testing

3

D

D

D

D

D

D

D

D

D

D

FL

UTD

UTD - UTD

D

D

D

D

No

223792679

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application No Fees

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

D

D

D

D

No

223792679

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Status

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

No Defined Cure

D

D

D

D

No

223792679

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

CHARM Booklet Disclosure Status

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

No Defined Cure

D

D

D

D

No

223792679

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

D

D

D

D

Yes

223792679

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete Final TIL

TILA - Final TIL Missing

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

D

D

D

D

No

223792680

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

2

B

B

B

B

B

B

B

B

B

B

LA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792680

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Right of Rescission Timing - Receipt Date Missing

2

B

B

B

B

B

B

B

B

B

B

LA

Primary

Refinance - Cash-out - Other

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission

B

B

B

B

Yes

223792680

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete Final TIL

TILA - Final TIL Missing

2

B

B

B

B

B

B

B

B

B

B

LA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792681

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA (xxxx) -   GFE Settlement charges Good Thru Date Less than xx Days

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792682

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Purchase

B

B

B

B

No

223792682

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

Unable to complete the Valuation tab due to missing the Appraisal in acuity.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

B

B

B

B

No

223792682

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

Unable to complete the GFE tab due to missing the Initial GFE document in acuity.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

B

B

B

B

No

223792682

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.  The final date used for testing was [redacted].

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

B

B

B

B

No

223792682

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than single family residence, state and federal testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

B

B

B

B

No

223792683

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Lender's Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

TX

Primary

Refinance - Cash-out - Other

C

B

C

B

No

223792683

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Federal HPML

Federal HPML [redacted] Compliant

Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is in excess of allowable threshold of APOR [redacted]% + [redacted]%, or [redacted]%.  Compliant Higher Priced Mortgage Loan.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Cash-out - Other

C

B

C

B

No

223792683

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set was not provided.  In order to determine Average Prime Offer Rate (APOR), the worst case scenario was used between Application Date and Transaction Date.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Cash-out - Other

C

B

C

B

No

223792683

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA (xxxx) -  Interest Rate on GFE Inaccurate

RESPA ([redacted]): Interest Rate on GFE does not match Note.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Cash-out - Other

C

B

C

B

No

223792683

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA (xxxx) -  Loan Amount on Final GFE Inaccurate

RESPA ([redacted]): Loan Amount on Final GFE does not match Note.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Cash-out - Other

C

B

C

B

No

223792683

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA (xxxx) -  Interest Rate on Final HUD-x Inaccurate

RESPA ([redacted]): Interest Rate on Final HUD-x does not match Note.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Cash-out - Other

C

B

C

B

No

223792683

xx

xx

xx

xx

Compliance

Compliance

State Compliance

Misc. State Level

(TXxx(a)(x)) Texas Cash-out Loan (T-xx Endorsement Not Obtained)

Unable to determine whether the loan contains a [redacted] Endorsement due to missing information.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Cash-out - Other

The endorsements would be required at the time of original title policy issuance, there is not an obvious remediation

C

B

C

B

No

223792683

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

(TXxx(a)(x)) Texas Cash-out Loan  (Final Loan Application)

[redacted]: No evidence the borrower(s) received a copy of the final loan application at or prior to closing.

Reviewer Comment (2019-06-05): [redacted] provided copy of letter sent to borrower indicating they have credited [redacted] to the principal balance of their loan and offering to refinance their loan along with screen shots to evidence the application of the [redacted].  Outside counsel advised this was sufficient to cure this exception. Offer to Refinance expires [redacted]

02/06/2018

2

C

B

C

B

C

B

C

B

C

B

TX

Primary

Refinance - Cash-out - Other

Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.

C

B

C

B

Yes

223792683

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

(TXxx(a)(x)) Texas Cash-out Loan  (Points and Fees Exceeds x% of Original Principal Balance)

[redacted]: Points and fees on subject loan of [redacted]% is in excess of the allowable maximum of [redacted]% of the Original Principal Loan Amount.  Points and Fees total $[redacted] on an Original Principal Loan Amount of $[redacted]vs. an allowable total of $[redacted](an overage of $[redacted]or [redacted]%.)

Reviewer Comment (2019-06-05): Received servicing screen print to evidence the lender's credit of [redacted] to cure the [redacted] points and fees exception and copy of letter to borrower.

02/06/2018

2

C

B

C

B

C

B

C

B

C

B

TX

Primary

Refinance - Cash-out - Other

Refund the borrower, or credit their account, an amount equal to any overcharge paid by the borrower. (Provide Proof of Delivery, LOE, and Copy of Check. [A servicing screen print can be provided in place of a check when a credit is applied to the borrowers account.])

C

B

C

B

Yes

223792683

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Title

Final Title Policy is Missing

1

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Cash-out - Other

C

B

C

B

No

223792683

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA (xxxx) – Written Service Provider List Missing

Unable to determine if the borrower received a list of service providers due to missing information.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Cash-out - Other

C

B

C

B

No

223792683

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

(TXxx(a)(x)) Texas Cash-out Loan  (No evidence that borrower received copies of all documents signed at closing)

[redacted]:  [redacted] Cash-out Loan.   No evidence that borrower(s) received copies of all documents signed at time of closing.

Reviewer Comment (2019-06-05): [redacted] provided copy of letter sent to borrower indicating they are aware the borrower may not have gotten copies of all closing docs and final application at closing.  [redacted] has credited $[redacted] to the principal balance of their loan and offered to refinance their loan and provided screen shots to evidence the application of the $[redacted][redacted] also signed attestation that they cannot definitively determine that all documents executed by the borrower were contained within the loan files.  Outside counsel advised this was sufficient to cure this exception with the catch all cure. Offer to Refinance expires[redacted]

02/06/2018

2

C

B

C

B

C

B

C

B

C

B

TX

Primary

Refinance - Cash-out - Other

Either Deliver the required documents to the borrower or refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.

C

B

C

B

Yes

223792683

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

(TXxx(a)(x)) Texas Cash-out Loan  (Completed Loan Application Not  Provided At Least x Business Day Prior to Closing)

[redacted]:  [redacted] Cash-out Loan.  Borrower was not provided copy of Application [redacted] day prior to closing.

Reviewer Comment (2019-06-05): [redacted] provided copy of letter sent to borrower indicating they have credited [redacted] to the principal balance of their loan and offering to refinance their loan along with screen shots to evidence the application of the $[redacted].  Outside counsel advised this was sufficient to cure this exception.  Offer to Refinance expires [redacted]

02/06/2018

2

C

B

C

B

C

B

C

B

C

B

TX

Primary

Refinance - Cash-out - Other

Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.

C

B

C

B

Yes

223792684

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

MS

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792684

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.  The final date used for testing was [redacted].

2

B

B

B

B

B

B

B

B

B

B

MS

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792684

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

2

B

B

B

B

B

B

B

B

B

B

MS

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792685

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Refinance - Rate/Term

D

D

D

D

No

223792685

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Missing Document

Missing Document: Security Instrument not provided

3

D

D

D

D

D

D

D

D

D

D

NY

Primary

Refinance - Rate/Term

D

D

D

D

No

223792685

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete HUD-1

Missing Final HUD-[redacted]:  No Document Used For Fee Testing

Missing Final HUD-[redacted].  No document containing fees provided.  Any applicable Federal, State or Local compliance testing is unreliable.

3

D

D

D

D

D

D

D

D

D

D

NY

Primary

Refinance - Rate/Term

D

D

D

D

No

223792685

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Status

Unable to determine if loan file contains ARM Disclosure due to missing information.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Rate/Term

No Defined Cure

D

D

D

D

No

223792685

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

CHARM Booklet Disclosure Status

TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Rate/Term

No Defined Cure

D

D

D

D

No

223792685

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Final TIL Estimated

Final TIL Estimated

Final TIL disclosure found in file had markings indicating one or more entries are estimates.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Rate/Term

D

D

D

D

No

223792685

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Title

Title: Evidence of title is missing

File does not contain either Preliminary or Final Title

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Refinance - Rate/Term

D

D

D

D

No

223792686

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

Reviewer Comment (2019-06-26): Client requested to close exception Buyer Comment (2019-06-24): Waived

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792686

xx

xx

xx

xx

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Legal / Regulatory / Compliance

Final Title Policy is missing. No evidence of title in file.

3

C

C

C

C

C

C

C

C

C

C

IL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792686

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data (other than HUD-1 or Note)

(Missing Data) Unable to determine if loan is a same lender refi

Original Lender was not able to be determined. Unable to determine if correct TILA rescission form was used.

Reviewer Comment (2019-06-26): Client requested to close exception Buyer Comment (2019-06-24): Waived

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792686

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

Final TIL Finance Charge Under Disclosed

Truth In Lending Act: Final TIL Finance Charge of $[redacted]is underdisclosed from calculated Finance Charge of $[redacted]in the amount of $[redacted].

Under-disclosure is in the payment stream

Reviewer Comment (2019-06-26): Client requested to close exception Buyer Comment (2019-06-24): Waived

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Refinance - Cash-out - Debt Consolidation

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected TIL Disclosure, and Re-open Rescission if Applicable

B

B

B

B

Yes

223792686

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Incorrect Right To Cancel Form Used - H-x Used on Non Same Lender Refinance

Truth in Lending Act: Unable to determine if Notice of Right to Cancel was executed on the proper Model Form. The [redacted] form was used instead of the [redacted] form, however, the loan file does not contain evidence that the refinance was by the original creditor.

Reviewer Comment (2019-06-26): Client requested to close exception Buyer Comment (2019-06-24): Waived

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223792687

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

CA

Investment

Refinance - Cash-out - Other

B

B

B

B

No

223792687

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

CA

Investment

Refinance - Cash-out - Other

B

B

B

B

No

223792687

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

CA

Investment

Refinance - Cash-out - Other

B

B

B

B

No

223792687

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.  The final date used for testing was [redacted].

2

B

B

B

B

B

B

B

B

B

B

CA

Investment

Refinance - Cash-out - Other

B

B

B

B

No

223792690

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

MS

Primary

Purchase

B

B

B

B

No

223792691

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

IL

Primary

Refinance - Cash-out - Debt Consolidation

A

A

A

A

No

223792695

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Status

TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.

Missing ARM disclosure

2

B

B

B

B

B

B

B

B

B

B

ME

Primary

Refinance - Cash-out - Other

No Defined Cure

B

B

B

B

No

223792695

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

CHARM Booklet Disclosure Status

TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.

Missing Charm booklet

2

B

B

B

B

B

B

B

B

B

B

ME

Primary

Refinance - Cash-out - Other

No Defined Cure

B

B

B

B

No

223792695

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

TILA Rescission - Disbursement Date Less than x Business Days From Transaction Date

Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to [redacted] business days from transaction date of [redacted].

2

B

B

B

B

B

B

B

B

B

B

ME

Primary

Refinance - Cash-out - Other

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223792695

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date

Truth in Lending Act:  Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s).

2

B

B

B

B

B

B

B

B

B

B

ME

Primary

Refinance - Cash-out - Other

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223792695

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial [redacted]

[redacted] loan.  No initial application however, application date is stated on the final application.

2

B

B

B

B

B

B

B

B

B

B

ME

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792698

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

SC

Primary

Purchase

D

D

D

D

No

223792698

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

SC

Primary

Purchase

D

D

D

D

No

223792698

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

SC

Primary

Purchase

D

D

D

D

No

223792698

xx

xx

xx

xx

Credit

Guideline

Guideline Issue

Guideline

Note loan amount is less than guideline minimum.

Note loan amount of ___ is less than guideline minimum loan amount of $[redacted].

3

C

C

C

C

C

C

C

C

C

C

SC

Primary

Purchase

D

D

D

D

No

223792698

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete HUD-1

Missing Final HUD-x:  No Document Used For Fee Testing

Missing Final HUD-x.  No document containing fees provided.  Any applicable Federal, State or Local compliance testing is unreliable.

Seller Comment (2020-10-14): Not subject to high cost per [redacted]; Non-[redacted] state

3

D

D

D

D

D

D

D

D

D

D

SC

Primary

Purchase

D

D

D

D

No

223792698

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application No Fees

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation.  A lookback was performed to determine this application date. Due to missing HUD-x or Closing Disclosure, no fees were used in testing.

2

B

B

B

B

B

B

B

B

B

B

SC

Primary

Purchase

D

D

D

D

No

223792698

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Status Test

TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

SC

Primary

Purchase

No Defined Cure

D

D

D

D

No

223792698

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

CHARM Booklet Disclosure Status

TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

SC

Primary

Purchase

No Defined Cure

D

D

D

D

No

223792698

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete Final TIL

TILA - Final TIL Missing

Missing Final TIL.

2

B

B

B

B

B

B

B

B

B

B

SC

Primary

Purchase

D

D

D

D

No

223792699

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

MA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792699

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

MA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792699

xx

xx

xx

xx

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Legal / Regulatory / Compliance

Final Title Policy is missing. No evidence of title in file.

3

C

C

C

C

C

C

C

C

C

C

MA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792699

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

MA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792699

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data (other than HUD-1 or Note)

(Missing Data) Unable to determine if loan is a same lender refi

Original Lender was not able to be determined. Unable to determine if correct TILA rescission form was used.

2

B

B

B

B

B

B

B

B

B

B

MA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792699

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than single family residence, state and federal testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

MA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792699

xx

xx

xx

xx

Credit

Credit

Credit Documentation

Missing Document

Missing Document: Credit Report not provided

3

D

D

D

D

D

D

D

D

D

D

MA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792699

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

TILA HELOC - HELOC Brochure Missing

Truth in Lending Act (HELOC): HELOC Brochure not provided to borrower.

2

B

B

B

B

B

B

B

B

B

B

MA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792699

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

TILA HELOC - Important Terms Disclosure Missing

Truth in Lending Act (HELOC): "Important Terms" disclosure not provided to borrower.

2

B

B

B

B

B

B

B

B

B

B

MA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792699

xx

xx

xx

xx

Credit

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal not provided

3

D

D

D

D

D

D

D

D

D

D

MA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792706

xx

xx

xx

xx

Compliance

Loan Package Documentation

Closing / Title

Missing, Incorrect, or Incomplete Note

Missing Document: Note - Subject Lien not provided

Reviewer Comment (2019-04-30): Received security instrument and mod agreement, still missing subject note.

3

D

D

D

D

D

D

D

D

D

D

IL

Primary

Purchase

D

D

D

D

No

223792706

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

IL

Primary

Purchase

D

D

D

D

No

223792706

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete HUD-1

Missing Final HUD-x:  No Document Used For Fee Testing

Missing Final HUD-x.  No document containing fees provided.  Any applicable Federal, State or Local compliance testing is unreliable.

3

D

D

D

D

D

D

D

D

D

D

IL

Primary

Purchase

D

D

D

D

No

223792706

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application No Fees

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation.  A lookback was performed to determine this application date.   The final date used for testing was [redacted].  Due to missing HUD-x or Closing Disclosure, no fees were used in testing.

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Purchase

D

D

D

D

No

223792706

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete Final TIL

TILA - Final TIL Missing

Missing Final TIL.

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Purchase

D

D

D

D

No

223792706

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Purchase

D

D

D

D

No

223792706

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Purchase

D

D

D

D

No

223792707

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

PA

Primary

Refinance - Rate/Term

B

B

B

B

No

223792707

xx

xx

xx

xx

Credit

Credit

Credit Documentation

Missing Document

Missing Document: Credit Report not provided

3

D

D

D

D

D

D

D

D

D

D

PA

Primary

Refinance - Rate/Term

B

B

B

B

No

223792707

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Good Faith Estimate (GFE) not provided

3

C

C

C

C

C

C

C

C

C

C

PA

Primary

Refinance - Rate/Term

B

B

B

B

No

223792707

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

TILA

Missing Document: TIL Initial not provided

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Rate/Term

B

B

B

B

No

223792707

xx

xx

xx

xx

Credit

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal not provided

Valuation Type: Stated / Valuation Report Date: [redacted]

3

D

D

D

D

D

D

D

D

D

D

PA

Primary

Refinance - Rate/Term

B

B

B

B

No

223792707

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial [redacted]

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Rate/Term

B

B

B

B

No

223792707

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Rate/Term

B

B

B

B

No

223792707

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Rate/Term

B

B

B

B

No

223792707

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

Final TIL Finance Charge Under Disclosed

Unable to determine the reason for under-disclosure.  The itemization of amount financed was not provided

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Rate/Term

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected TIL Disclosure, and Re-open Rescission if Applicable

B

B

B

B

Yes

223792709

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

CT

Primary

Refinance - UTD

D

D

D

D

No

223792709

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

3

C

C

C

C

C

C

C

C

C

C

CT

Primary

Refinance - UTD

D

D

D

D

No

223792709

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

CT

Primary

Refinance - UTD

D

D

D

D

No

223792709

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

CT

Primary

Refinance - UTD

D

D

D

D

No

223792709

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument[redacted]  Date of [redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

CT

Primary

Refinance - UTD

D

D

D

D

No

223792709

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete HUD-1

Missing Final HUD-[redacted]:  No Document Used For Fee Testing Material

Missing Final [redacted] .  No document containing fees provided.  Any [redacted]  compliance testing is unreliable.

3

D

D

D

D

D

D

D

D

D

D

CT

Primary

Refinance - UTD

D

D

D

D

No

223792709

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application No Fees

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation.  A lookback was performed to determine this application date. Due to missing[redacted]  or Closing Disclosure, no fees were used in testing.

2

B

B

B

B

B

B

B

B

B

B

CT

Primary

Refinance - UTD

D

D

D

D

No

223792709

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

Final TIL Finance Charge Under Disclosed

Truth In Lending Act: Final [redacted]  Finance Charge of [redacted]  is underdisclosed from calculated Finance Charge of[redacted] in the [redacted]  of [redacted]

Note first payment date of [redacted]  is prior to Note date of [redacted] . [redacted]  of [redacted]  used for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

CT

Primary

Refinance - UTD

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected TIL Disclosure, and Re-open Rescission if Applicable

D

D

D

D

Yes

223792709

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

Truth in Lending Act: [redacted]  to Cancel was not provided.

2

B

B

B

B

B

B

B

B

B

B

CT

Primary

Refinance - UTD

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

D

D

D

D

Yes

223792709

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Note first payment date of [redacted]  is prior to Note date of [redacted] . First payment date of [redacted]  used for compliance testing.

3

C

C

C

C

C

C

C

C

C

C

CT

Primary

Refinance - UTD

D

D

D

D

No

223792710

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure

[redacted]  Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Cash-out - Debt Consolidation

B

B

No

223792710

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

[redacted] Disclosure Rule: Creditor did not provide[redacted]  Disclosure to applicant within [redacted] business days of application.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Cash-out - Debt Consolidation

B

B

No

223792711

xx

xx

xx

xx

Credit

Insurance

Insurance Documentation

Insurance

Missing Document: Mortgage Insurance Certificate (MIC) not provided

3

C

C

C

C

C

C

C

C

C

C

OK

Primary

Purchase

B

B

B

B

No

223792711

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of[redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.  The final date used for testing was[redacted]

2

B

B

B

B

B

B

B

B

B

B

OK

Primary

Purchase

B

B

B

B

No

223792711

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

OK

Primary

Purchase

B

B

B

B

No

223792711

xx

xx

xx

xx

Credit

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal not provided

3

D

D

D

D

D

D

D

D

D

D

OK

Primary

Purchase

B

B

B

B

No

223792711

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

OK

Primary

Purchase

B

B

B

B

No

223792778

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final xxxx

Reviewer Comment (2024-03-05): Known defect.

3

C

C

C

C

C

C

C

C

C

C

OK

UTD

Refinance - UTD

D

D

D

D

No

223792778

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

OK

UTD

Refinance - UTD

D

D

D

D

No

223792778

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Non-Required Data

Unable to determine occupancy, compliance results were generated using a defaulted value of Primary.

2

B

B

B

B

B

B

B

B

B

B

OK

UTD

Refinance - UTD

D

D

D

D

No

223792778

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

Reviewer Comment (2024-03-05): Known defect.

2

B

B

B

B

B

B

B

B

B

B

OK

UTD

Refinance - UTD

D

D

D

D

No

223792778

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. [redacted] Date of[redacted]  used as disbursement date for compliance testing.

Reviewer Comment (2024-03-05): Known defect; missing final HUD.

2

B

B

B

B

B

B

B

B

B

B

OK

UTD

Refinance - UTD

D

D

D

D

No

223792778

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete HUD-1

Missing Final HUD-x:  No Document Used For Fee Testing Material

Missing [redacted]   No document containing fees provided.  Any applicable [redacted]  is unreliable.

Reviewer Comment (2024-03-05): Known defect.

3

D

D

D

D

D

D

D

D

D

D

OK

UTD

Refinance - UTD

D

D

D

D

No

223792778

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application No Fees

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted]  which is [redacted]  months prior to consummation.  A lookback was performed to determine this application date. Due to missing [redacted]  or[redacted]  were used in testing.

2

B

B

B

B

B

B

B

B

B

B

OK

UTD

Refinance - UTD

D

D

D

D

No

223792778

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than single family [redacted]  may be impacted.

Reviewer Comment (2024-03-05): Known defect; missing appraisal.

2

B

B

B

B

B

B

B

B

B

B

OK

UTD

Refinance - UTD

D

D

D

D

No

223792778

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Status Test

[redacted] rate disclosure: [redacted]  loan program disclosure not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

OK

UTD

Refinance - UTD

No Defined Cure

D

D

D

D

No

223792778

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

CHARM Booklet Disclosure Status

[redacted]  variable rate disclosure: [redacted] on Adjustable [redacted]  not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

OK

UTD

Refinance - UTD

No Defined Cure

D

D

D

D

No

223792778

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

[redacted] Act:[redacted]  to Cancel was not provided.

2

B

B

B

B

B

B

B

B

B

B

OK

UTD

Refinance - UTD

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

D

D

D

D

Yes

223792778

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete Final TIL

TILA - Final TIL Missing

Missing Final TIL.

2

B

B

B

B

B

B

B

B

B

B

OK

UTD

Refinance - UTD

D

D

D

D

No

223792778

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

Known loan defect: Missing final HUD, missing Mod Agreement, incomplete origination docs, missing Final Application, missing Final Appraisal, missing Final Approval, and credit report.

Reviewer Comment (2024-03-05): S&D

2

B

B

B

B

B

OK

UTD

Refinance - UTD

D

D

D

D

No

223792779

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final xxxx

3

C

C

C

C

C

C

C

C

C

C

GA

UTD

Purchase

B

B

B

B

No

223792779

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Non-Required Data

Unable to determine occupancy, compliance results were generated using a defaulted value of Primary.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

B

B

B

B

No

223792779

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Federal HPML

Federal HPML xxxx Non Compliant

Federal Higher-Priced Mortgage Loan: APR on subject loan of[redacted]  or Final Disclosure APR of [redacted] is equal to or greater than the threshold of [redacted] .  Non-Compliant Higher Priced Mortgage Loan.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

B

B

B

B

No

223792779

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. [redacted] From Date from [redacted]  or final closing disclosure of [redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

B

B

B

B

No

223792779

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is[redacted] months prior to consummation. A[redacted] was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

B

B

B

B

No

223792779

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Safe Act

Safe Act NMLS - Missing Evidence of Initial Loan Application Date

Secure and Fair Enforcement for Mortgage Licensing Act:  Unable to determine compliance with[redacted]  timing requirements due to missing evidence of initial loan application date.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

B

B

B

B

No

223792779

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA -  Initial GFE Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

B

B

B

B

No

223792779

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA (xxxx) – Written Service Provider List Missing

Unable to determine if the borrower received a list of service providers due to missing information.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

B

B

B

B

No

223792779

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure -  HUD Settlement Cost Booklet Missing

[redacted]  Disclosure Rule: Creditor did not provide [redacted] Settlement Cost Booklet.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

B

B

B

B

No

223792779

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Servicing Disclosure:  Servicing Disclosure Statement Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan [redacted]

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

B

B

B

B

No

223792779

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

Georgia Home Loan (Arbitration Clause)

[redacted]  Home Loan: Mortgage loan contains an unfair or oppressive arbitration clause.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

B

B

B

B

No

223792779

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TIL-MDIA

TIL-MDIA - Initial TIL Not Provided within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

B

B

B

B

No

223792779

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

Final TIL Finance Charge Under Disclosed

Truth In Lending Act: Final TIL Finance Charge of[redacted] is underdisclosed from calculated Finance Charge of [redacted]  in the amount of [redacted]

TIL itemization did not disclose a[redacted] fee of[redacted] and Attorney Fee of [redacted]  as prepaid finance charges.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected TIL Disclosure, and Re-open Rescission if Applicable

B

B

B

B

Yes

223792782

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final xxxx

3

C

C

C

C

C

C

C

C

C

C

GA

UTD

Purchase

D

D

D

D

No

223792782

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

D

D

D

D

No

223792782

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

D

D

D

D

No

223792782

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Non-Required Data

Unable to determine occupancy, compliance results were generated using a defaulted value of Primary.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

D

D

D

D

No

223792782

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Note Date of [redacted]  used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

D

D

D

D

No

223792782

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete HUD-1

Missing Final HUD-x:  No Document Used For Fee Testing Material

Missing Fina[redacted]   No document containing fees provided.  Any applicable[redacted] testing is unreliable.

3

D

D

D

D

D

D

D

D

D

D

GA

UTD

Purchase

D

D

D

D

No

223792782

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application No Fees

No evidence of application date located in file.  Compliance tests were run using an application date of[redacted]  which is[redacted]  months prior to consummation.  A [redacted] was performed to determine this application date. Due to missing [redacted]  or [redacted] , no fees were used in testing.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

D

D

D

D

No

223792782

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than single family [redacted] testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

D

D

D

D

No

223792782

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Status Test

[redacted] variable rate disclosure:[redacted]  loan program disclosure not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

No Defined Cure

D

D

D

D

No

223792782

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

CHARM Booklet Disclosure Status

[redacted]  variable rate disclosure:[redacted] , not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

No Defined Cure

D

D

D

D

No

223792782

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete Final TIL

TILA - Final TIL Missing

Missing Final TIL.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Purchase

D

D

D

D

No

223792783

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final xxxx

Reviewer Comment (2023-08-10): Cleared on receipt of Final 1003.

08/10/2023

1

C

A

C

A

C

A

C

A

C

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

Reviewer Comment (2023-08-10): Exception remains. Flood Certificate provided is not from origination.

3

C

C

C

C

C

C

C

C

C

C

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Loan Package Documentation

Security Instrument is not on a [redacted]/[redacted] form and does not contain the following clauses:

2

B

B

B

B

B

B

B

B

B

B

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

Reviewer Comment (2023-08-10): Cleared on receipt of initial GFE.

08/10/2023

1

B

A

B

A

B

A

B

A

B

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Non-Required Data

Unable to determine occupancy, compliance results were generated using a defaulted value of Primary.

Reviewer Comment (2023-08-10): Cleared on receipt of Final 1003.

08/10/2023

1

B

A

B

A

B

A

B

A

B

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Compliance

Legal / Regulatory / Compliance

Anti-Predatory Violation

Federal Defect

(Fed High Cost Provision) Federal High-Cost Mortgage Loan (Prepayment Penalty)

Unable to test prepayment [redacted]  to missing information.

Reviewer Comment (2023-08-10): Cleared on receipt of 1003 which verified occupancy as Investment Property.

08/10/2023

1

C

A

C

A

C

A

C

A

C

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Federal Defect

(Fed High Cost) Federal High-Cost Mortgage Loan (Calculated APR/Rate)

Truth in Lending Act (HOEPA): APR Threshold is exceeded by [redacted] . APR of [redacted]  exceeds a threshold of [redacted]  based on the [redacted] for comparable maturities of[redacted] plus jurisdiction allowable margin of [redacted] .  Non-Compliant High Cost Loan.

Reviewer Comment (2023-08-10): Cleared on receipt of 1003 which verified occupancy as Investment Property.

08/10/2023

1

C

A

C

A

C

A

C

A

C

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Compliance

Legal / Regulatory / Compliance

Anti-Predatory Violation

Federal Defect

(Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (Notice to Assignee)

Truth in Lending Act (HOEPA): Required Statement was not provided to [redacted]  or assignee for loan that was sold or assigned. (Note: This notice only applies when selling or assigning a [redacted]  loan and may not be found in the file for loans that have not been previously sold)

Reviewer Comment (2023-08-10): Cleared on receipt of 1003 which verified occupancy as Investment Property.

08/10/2023

1

C

A

C

A

C

A

C

A

C

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Compliance

Legal / Regulatory / Compliance

Anti-Predatory Violation

Federal Defect

(Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided)

Truth in Lending Act ([redacted] ):  HOEPA disclosure was not provided to the Borrower

Reviewer Comment (2023-08-10): Cleared on receipt of 1003 which verified occupancy as Investment Property.

08/10/2023

1

C

A

C

A

C

A

C

A

C

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [redacted]  used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Federal and State High Cost Lookback Failures

Due to missing evidence of initial application date.  An application date of [redacted]  was used for Compliance testing.  The loan would result in a High Cost failure due rate test failure on the following application dates[redacted] , [redacted] .

Reviewer Comment (2023-08-10): Cleared on receipt of Initial 1003.

08/10/2023

1

C

A

C

A

C

A

C

A

C

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Flood Hazard Zone

Federal Compliance - (Missing Data) [redacted] : Special [redacted] indicator was not provided. The applicable flood zone related testing cannot be performed.

2

B

B

B

B

B

B

B

B

B

B

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted]  which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

Reviewer Comment (2023-08-10): Cleared on receipt of Initial 1003.

08/10/2023

1

B

A

B

A

B

A

B

A

B

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

(State High Cost Provision) Ohio Covered Loan (Counseling Requirement - DTI > xx%)

Unable to test state disclosure due to missing information.

Reviewer Comment (2023-08-10): Cleared on receipt of 1003 which verified occupancy as Investment Property.

08/10/2023

1

C

A

C

A

C

A

C

A

C

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

No obvious cure

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

(State High Cost Disclosure) Ohio Covered Loan (High Cost Disclosure Not Provided)

[redacted]  Loan: Required high-cost disclosure terms not provided to borrower.

Reviewer Comment (2023-08-10): Cleared on receipt of 1003 which verified occupancy as Investment Property.

08/10/2023

1

C

A

C

A

C

A

C

A

C

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

No obvious cure

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

(State High Cost Disclosure) Ohio Covered Loan (Mortgage Loan Origination Disclosure Statement Not Provided)

[redacted] Loan: Borrower not provided with mortgage loan origination disclosure statement in accordance with division[redacted] of the Revised Code.

Reviewer Comment (2023-08-10): Cleared on receipt of 1003 which verified occupancy as Investment Property.

08/10/2023

1

C

A

C

A

C

A

C

A

C

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

No obvious cure

B

B

No

223792783

xx

xx

xx

xx

Compliance

Legal / Regulatory / Compliance

Anti-Predatory Violation

State Defect

(State High Cost Provision) Ohio Covered Loan (Impermissible Prepayment Penalty)

[redacted]  Loan:  Mortgage loan contains an impermissible prepayment penalty.

Reviewer Comment (2023-08-10): Cleared on receipt of 1003 which verified occupancy as Investment Property.

08/10/2023

1

C

A

C

A

C

A

C

A

C

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

No obvious cure

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

(State High Cost) Ohio Covered Loan (Calculated APR/Rate)

[redacted]  Lending Act: APR Threshold is exceeded by[redacted] . APR of [redacted]  exceeds a threshold of [redacted]  based on the [redacted] for comparable maturities of [redacted]  plus jurisdiction allowable margin of [redacted]   Non-Compliant High Cost Loan.

Reviewer Comment (2023-08-10): Cleared on receipt of 1003 which verified occupancy as Investment Property.

08/10/2023

1

C

A

C

A

C

A

C

A

C

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

No obvious cure

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

State Compliance

Misc. State Level

Ohio Consumer Sales Practices Act (Acknowledgement of Receipt of Home Mortgage Loan Information Document Not Retained by Lender)

[redacted]  Act: Acknowledgement of Receipt of Home Mortgage Loan Information Document not retained by lender.

Reviewer Comment (2023-08-10): Cleared on receipt of 1003 which verified occupancy as Investment Property.

08/10/2023

1

B

A

B

A

B

A

B

A

B

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

[redacted] Prepayment Penalty Small Loan

[redacted] Penalty: A prepayment penalty is not permissible on a[redacted]  loan less than $[redacted] .  Prepay language states prepay will not exceed maximum permitted by applicable law.

2

B

B

B

B

B

B

B

B

B

B

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

[redacted] Lending Act: [redacted] was not provided.

Reviewer Comment (2023-08-10): Cleared on receipt of 1003 which verified occupancy as Investment Property.

08/10/2023

1

B

A

B

A

B

A

B

A

B

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

Yes

223792783

xx

xx

xx

xx

Compliance

Legal / Regulatory / Compliance

Anti-Predatory Violation

Federal Defect

Federal HOEPA Ability to Repay Reliable Documentation

Truth in Lending Act [redacted] ): Borrower's ability to repay not verified with reliable documentation.

Reviewer Comment (2023-08-10): Cleared on receipt of 1003 which verified occupancy as Investment Property.

08/10/2023

1

C

A

C

A

C

A

C

A

C

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

(State High Cost Provision) Ohio Covered Loan (Ability to Repay not Verified)

[redacted] Loan:  Borrower's ability to repay not verified with reliable documentation.

Reviewer Comment (2023-08-10): Cleared on receipt of 1003 which verified occupancy as Investment Property.

08/10/2023

1

C

A

C

A

C

A

C

A

C

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

No obvious cure

B

B

No

223792783

xx

xx

xx

xx

Compliance

Compliance

State Compliance

Misc. State Level

Ohio Consumer Sales Practices Act (Ability to Repay not Verified)

[redacted]  Consumer Sales Practices Act:  File does not contain evidence that analysis of borrower's ability to repay was performed based on verified [redacted] and/or employment.

Reviewer Comment (2023-08-10): Cleared on receipt of 1003 which verified occupancy as Investment Property.

08/10/2023

1

B

A

B

A

B

A

B

A

B

A

OH

Investment

Refinance - Cash-out - Debt Consolidation

B

B

No

223792784

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA (xxxx) -   GFE Settlement charges Good Thru Date Less than xx Days

[redacted] :  GFE does not provide minimum [redacted]  business day availability for estimate of charges and terms for all other settlement charges.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Purchase

B

B

No

223792784

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA -  Initial GFE Not Provided Within x Business Days of Application

[redacted] : Initial GFE not provided to Borrower(s) within [redacted] business days of Application Date.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Purchase

B

B

No

223792784

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure -  HUD Settlement Cost Booklet Missing

[redacted] Disclosure Rule: Creditor did not provide [redacted] Cost Booklet.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Purchase

B

B

No

223792784

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TIL-MDIA

TIL-MDIA x-day Waiting Period - Corrected TIL for APR Inaccuracy Received Less than x Business Days from Consummation

[redacted] in Lending Act (Early TIL Disclosure):  Corrected TIL for APR inaccuracy was not received by the borrower at least[redacted]  business days prior to closing.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Purchase

B

B

No

223792785

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument [redacted]  Date of[redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Refinance - Cash-out - Debt Consolidation

B

B

No

223792785

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Flood Hazard Zone

Federal Compliance - (Missing Data) Flood Hazard Zone: [redacted]  indicator was not provided. The applicable[redacted] related testing cannot be performed.

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Refinance - Cash-out - Debt Consolidation

B

B

No

223792785

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of[redacted]  which is [redacted] months prior to consummation. A[redacted]  was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Refinance - Cash-out - Debt Consolidation

B

B

No

223792785

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Late Charge

[redacted] Late Charge Percent and Amount Testing

[redacted] Late Charge: Note late charge of[redacted]  exceeds state maximum of [redacted] whichever is greater.

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Refinance - Cash-out - Debt Consolidation

B

B

No

223792785

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

TILA Rescission - Disbursement Date Less than x Business Days From Transaction Date

Truth in Lending Act:  Subject loan transaction disbursed on[redacted] , prior to [redacted]  business days from transaction date of[redacted] .

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

Yes

223792785

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

Final TIL Finance Charge Under Disclosed

[redacted]  In Lending Act: [redacted]  Finance Charge of[redacted]  is underdisclosed from calculated Finance Charge of [redacted]  in the amount of [redacted]

Unable to determine under disclosure due to missing[redacted]

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Refinance - Cash-out - Debt Consolidation

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected TIL Disclosure, and Re-open Rescission if Applicable

B

B

Yes

223792785

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final xxxx

3

C

C

C

C

C

C

C

C

C

C

MD

Primary

Refinance - Cash-out - Debt Consolidation

B

B

No

223792785

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

3

C

C

C

C

C

C

C

C

C

C

MD

Primary

Refinance - Cash-out - Debt Consolidation

B

B

No

223792785

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Refinance - Cash-out - Debt Consolidation

B

B

No

223792785

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

[redacted] Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within [redacted] business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Refinance - Cash-out - Debt Consolidation

B

B

No

223792785

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

[redacted] Prepayment Penalty Test

[redacted] Prepayment Penalty: Maximum calculated prepay of [redacted] xceeds the state maximum of[redacted]  months interest calculated on[redacted] of the original balance [redacted]   Prepay language states prepay will not exceed maximum permitted by applicable law.

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Refinance - Cash-out - Debt Consolidation

B

B

No

223792785

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

FACTA

FACTA Disclosure Missing

[redacted]  Disclosure Rule: Creditor did not provide [redacted] Credit Score Disclosure.

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Refinance - Cash-out - Debt Consolidation

B

B

No

223792786

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Loan Package Documentation

Security Instrument is not on a [redacted]/[redacted] form and does not contain the following clauses:

___

2

B

B

B

B

B

B

B

B

B

B

KY

Primary

Refinance - Rate/Term

B

B

B

B

No

223792786

xx

xx

xx

xx

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Legal / Regulatory / Compliance

Final Title Policy is missing. No evidence of title in file.

3

C

C

C

C

C

C

C

C

C

C

KY

Primary

Refinance - Rate/Term

B

B

B

B

No

223792786

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate[redacted] not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

KY

Primary

Refinance - Rate/Term

B

B

B

B

No

223792786

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Prepaid Interest From Date from[redacted]  or final closing disclosure of [redacted]  used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

KY

Primary

Refinance - Rate/Term

B

B

B

B

No

223792786

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA (xxxx) -   GFE Settlement charges Good Thru Date Less than xx Days

[redacted]   GFE does not provide minimum [redacted] business day availability for estimate of charges and terms for all other settlement charges.

2

B

B

B

B

B

B

B

B

B

B

KY

Primary

Refinance - Rate/Term

B

B

B

B

No

223792786

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA (xxxx) -  Initial Payment on GFE Inaccurate

[redacted]  Initial payment on [redacted] does not match actual payment on loan.

2

B

B

B

B

B

B

B

B

B

B

KY

Primary

Refinance - Rate/Term

B

B

B

B

No

223792786

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Final TIL Estimated

Final TIL Estimated

[redacted]  disclosure found in file had markings indicating one or more entries are estimates.

2

B

B

B

B

B

B

B

B

B

B

KY

Primary

Refinance - Rate/Term

B

B

B

B

No

223792786

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

[redacted] Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted]  business days of application.

2

B

B

B

B

B

B

B

B

B

B

KY

Primary

Refinance - Rate/Term

B

B

B

B

No

223792787

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Missing

RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to borrower.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792787

xx

xx

xx

xx

Compliance

Compliance

State Compliance

Misc. State Level

Ohio Consumer Sales Practices Act (Acknowledgement of Receipt of Home Mortgage Loan Information Document Not Received Timely)

[redacted] Consumer Sales Practices Act: Acknowledgement of Receipt of [redacted]  Loan Information Document not received by borrower within[redacted]  business days of application.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792787

xx

xx

xx

xx

Compliance

Compliance

State Compliance

Misc. State Level

Ohio Consumer Sales Practices Act (Closing Disclosure Not Signed at Closing)

[redacted]  Consumer Sales Practices Act: Consumer did not sign the required Closing Disclosure on the date of closing

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792787

xx

xx

xx

xx

Compliance

Compliance

State Compliance

Misc. State Level

Ohio Consumer Sales Practices Act (Closing Disclosure Not Provided)

Unable to test Closing Disclosure due to missing information.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792788

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final xxxx

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Refinance - UTD

D

D

D

D

No

223792788

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Refinance - UTD

D

D

D

D

No

223792788

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - UTD

D

D

D

D

No

223792788

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - UTD

D

D

D

D

No

223792788

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - UTD

D

D

D

D

No

223792788

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Flood Hazard Zone

Federal Compliance - (Missing Data) Flood Hazard Zone: Special Flood Hazard Zone indicator was not provided. The applicable flood zone related testing cannot be performed.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - UTD

D

D

D

D

No

223792788

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete HUD-1

Missing Final HUD-x:  No Document Used For Fee Testing Material

Missing Final HUD-x.  No document containing fees provided.  Any applicable Federal, State or Local compliance testing is unreliable.

3

D

D

D

D

D

D

D

D

D

D

CA

Primary

Refinance - UTD

D

D

D

D

No

223792788

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application No Fees

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted]months prior to consummation.  A lookback was performed to determine this application date. Due to missing HUD-x or Closing Disclosure, no fees were used in testing.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - UTD

D

D

D

D

No

223792788

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than single family residence, state and federal testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - UTD

D

D

D

D

No

223792788

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

Truth in Lending Act: Notice of Right to Cancel was not provided.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - UTD

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

D

D

D

D

Yes

223792788

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete Final TIL

TILA - Final TIL Missing

Missing Final TIL.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - UTD

D

D

D

D

No

223792789

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted]months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792789

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Late Charge

[redacted]Late Charge Percent Testing

[redacted] Late Charge: Note late charge percent of [redacted]% exceeds the state maximum of [redacted]%.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792789

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

[redacted]Prepayment Penalty

[redacted]  Prepayment Penalty: Maximum prepay term allowed on a loan with an interest rate greater than [redacted]% is [redacted]months.  Loan with an interest rate of [redacted]% contracts for a prepay term of [redacted]months, which exceeds max allowable.  Prepay language states prepay will not exceed maximum permitted by applicable law.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792789

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data (other than HUD-1 or Note)

(Missing Data) Unable to determine if loan is a same lender refi (Circuit x, x, x, x, x, xx or DC)

Original Lender was not able to be determined. Unable to determine if correct TILA rescission form was used. (H-x Form was used and property is in the [redacted]nd, [redacted]th, [redacted]th, [redacted]th, [redacted]th, [redacted]th, or District of Columbia)

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792793

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final xxxx

3

C

C

C

C

C

C

C

C

C

C

FL

UTD

UTD - UTD

D

D

D

D

No

223792793

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

3

C

C

C

C

C

C

C

C

C

C

FL

UTD

UTD - UTD

D

D

D

D

No

223792793

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

D

D

D

D

No

223792793

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

D

D

D

D

No

223792793

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Non-Required Data

Unable to determine occupancy, compliance results were generated using a defaulted value of Primary.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

D

D

D

D

No

223792793

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

D

D

D

D

No

223792793

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Flood Hazard Zone

Federal Compliance - (Missing Data) Flood Hazard Zone: Special Flood Hazard Zone indicator was not provided. The applicable flood zone related testing cannot be performed.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

D

D

D

D

No

223792793

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete HUD-1

Missing Final HUD-x:  No Document Used For Fee Testing Material

Missing Final HUD-x.  No document containing fees provided.  Any applicable Federal, State or Local compliance testing is unreliable.

3

D

D

D

D

D

D

D

D

D

D

FL

UTD

UTD - UTD

D

D

D

D

No

223792793

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application No Fees

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted]months prior to consummation.  A lookback was performed to determine this application date. Due to missing HUD-x or Closing Disclosure, no fees were used in testing.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

D

D

D

D

No

223792793

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than single family residence, state and federal testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

D

D

D

D

No

223792793

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

Truth in Lending Act: Notice of Right to Cancel was not provided.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

D

D

D

D

Yes

223792793

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete Final TIL

TILA - Final TIL Missing

Missing Final TIL.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

UTD - UTD

D

D

D

D

No

223792794

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final xxxx

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792794

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792794

xx

xx

xx

xx

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Legal / Regulatory / Compliance

Final Title Policy is missing. No evidence of title in file.

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792794

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792794

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

TILA HELOC - HELOC Brochure Missing

Truth in Lending Act (HELOC): HELOC Brochure not provided to borrower.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792794

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

TILA HELOC - Important Terms Disclosure Missing

Truth in Lending Act (HELOC): "Important Terms" disclosure not provided to borrower.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792794

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [redacted]used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792794

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Flood Hazard Zone

Federal Compliance - (Missing Data) Flood Hazard Zone: Special Flood Hazard Zone indicator was not provided. The applicable flood zone related testing cannot be performed.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792794

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted]months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792794

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than single family residence, state and federal testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792794

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

Truth in Lending Act: Notice of Right to Cancel was not provided.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Other

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223792815

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Incorrect Right To Cancel Form Used - H-x Used on Non Same Lender Refinance

Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The H-x form was used, the H-x form should have been used.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Other

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223792815

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Missing

RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to borrower.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792816

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final xxxx

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Construction

D

D

D

D

No

223792816

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Construction

D

D

D

D

No

223792816

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Construction

D

D

D

D

No

223792816

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Loan Package Documentation

Note Error: Principal and interest payment is blank.

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Construction

D

D

D

D

No

223792816

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

FACTA

Federal FACTA Disclosure Timing Test

FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure within a reasonably practicable time after using credit score.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Construction

D

D

D

D

No

223792816

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [redacted]used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Construction

D

D

D

D

No

223792816

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Flood Hazard Zone

Federal Compliance - (Missing Data) Flood Hazard Zone: Special Flood Hazard Zone indicator was not provided. The applicable flood zone related testing cannot be performed.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Construction

D

D

D

D

No

223792816

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete HUD-1

Missing Final HUD-x:  No Document Used For Fee Testing Material

Missing Final HUD-x.  No document containing fees provided.  Any applicable Federal, State or Local compliance testing is unreliable.

Reviewer Comment (2024-04-25): Unable to clear- HUD received is the same post origination copy received in the original image package Seller Comment (2024-04-24): Provided F HUD

3

D

D

D

D

D

D

D

D

D

D

CA

Primary

Construction

D

D

D

D

No

223792816

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than single family residence, state and federal testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Construction

D

D

D

D

No

223792816

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete Final TIL

TILA - Final TIL Missing

Missing Final TIL.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Construction

D

D

D

D

No

223792817

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final xxxx

3

C

C

C

C

C

C

C

C

C

C

GA

Primary

Refinance - UTD

D

D

D

D

No

223792817

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

3

C

C

C

C

C

C

C

C

C

C

GA

Primary

Refinance - UTD

D

D

D

D

No

223792817

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

GA

Primary

Refinance - UTD

D

D

D

D

No

223792817

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

GA

Primary

Refinance - UTD

D

D

D

D

No

223792817

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Flood Hazard Zone

Federal Compliance - (Missing Data) Flood Hazard Zone: Special Flood Hazard Zone indicator was not provided. The applicable flood zone related testing cannot be performed.

2

B

B

B

B

B

B

B

B

B

B

GA

Primary

Refinance - UTD

D

D

D

D

No

223792817

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete HUD-1

Missing Final HUD-x:  No Document Used For Fee Testing

Missing Final HUD-x.  No document containing fees provided.  Any applicable Federal, State or Local compliance testing is unreliable.

3

D

D

D

D

D

D

D

D

D

D

GA

Primary

Refinance - UTD

D

D

D

D

No

223792817

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application No Fees

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted]months prior to consummation.  A lookback was performed to determine this application date.   The final date used for testing was[redacted].  Due to missing HUD-x or Closing Disclosure, no fees were used in testing.

2

B

B

B

B

B

B

B

B

B

B

GA

Primary

Refinance - UTD

D

D

D

D

No

223792817

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

Truth in Lending Act: Notice of Right to Cancel was not provided.

2

B

B

B

B

B

B

B

B

B

B

GA

Primary

Refinance - UTD

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

D

D

D

D

Yes

223792818

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

OH

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792818

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

3

C

C

C

C

C

C

C

C

C

C

OH

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792818

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted] business days of application.

2

B

B

B

B

B

B

B

B

B

B

OH

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792820

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Construction-Permanent

B

B

B

B

No

223792820

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Cross Collateralized

Cross Collateralized Mortgage Loan

There are multiple properties securing the repayment of this loan. (Cross collateralized)  The property evaluated for the compliance review is based on occupancy type and then based on the property with the highest value.

Property address per the Note:  [redacted][redacted]& [redacted]

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Construction-Permanent

B

B

B

B

No

223792820

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Construction-Permanent

B

B

B

B

No

223792820

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete Final TIL

TILA - Final TIL Missing

Missing Final TIL.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Construction-Permanent

B

B

B

B

No

223792820

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than single family residence, state and federal testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Construction-Permanent

B

B

B

B

No

223792821

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

CT

Primary

Purchase

D

B

D

B

No

223792821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of[redacted] used as disbursement date for compliance testing.

Reviewer Comment (2019-05-20): Evidence of disbursement date not found in file. Security Instrument Notary Date of [redacted] used as disbursement date for compliance testing.

05/20/2019

1

B

A

B

A

B

A

B

A

B

A

CT

Primary

Purchase

D

B

D

B

No

223792821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete HUD-1

Missing Final HUD-x:  No Document Used For Fee Testing

Missing Final HUD-x.  No document containing fees provided.  Any applicable Federal, State or Local compliance testing is unreliable.

Reviewer Comment (2019-05-20): Final HUD-1 provided.

05/20/2019

1

D

A

D

A

D

A

D

A

D

A

CT

Primary

Purchase

D

B

D

B

No

223792821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete Final TIL

TILA - Final TIL Missing

Missing Final TIL.

2

B

B

B

B

B

B

B

B

B

B

CT

Primary

Purchase

D

B

D

B

No

223792821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application No Fees

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted]months prior to consummation.  A lookback was performed to determine this application date.   The final date used for testing was[redacted].  Due to missing HUD-x or Closing Disclosure, no fees were used in testing.

Reviewer Comment (2019-05-20): Exception replaced with:No evidence of application date located in file. Compliance tests were run using an application date of [redacted] which is [redacted]months prior to consummation. A look back was performed to determine this application date. The final date used for testing was [redacted].

05/20/2019

1

B

A

B

A

B

A

B

A

B

A

CT

Primary

Purchase

D

B

D

B

No

223792821

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Purchase Agreement / Sales Contract not provided

3

D

D

D

D

D

CT

Primary

Purchase

D

B

D

B

No

223792821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted]months prior to consummation. A lookback was performed to determine this application date.  The final date used for testing was [redacted].

2

B

B

B

B

B

CT

Primary

Purchase

D

B

D

B

No

223792822

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure

RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure.

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792823

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure

RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223792824

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792824

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted]which is [redacted]months prior to consummation. A lookback was performed to determine this application date.  The final date used for testing was [redacted].

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792824

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

Truth in Lending Act: Notice of Right to Cancel was not provided.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223792824

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792824

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792824

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

Final TIL Finance Charge Under Disclosed

Truth In Lending Act: Final TIL Finance Charge of $[redacted]is underdisclosed from calculated Finance Charge of $[redacted]in the amount of $[redacted].

Itemization did not include $[redacted]payoff statement fee, $[redacted]settlement fee or $[redacted]courier fee in the prepaid finance charges.  However, a $[redacted]Doc Prep Fee was included and prepaid interest was over disclosed by $[redacted].

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected TIL Disclosure, and Re-open Rescission if Applicable

B

B

B

B

Yes

223792826

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

CT

Primary

Purchase

B

B

B

B

No

223792826

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

FACTA

FACTA Disclosure Missing

FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure.

2

B

B

B

B

B

B

B

B

B

B

CT

Primary

Purchase

B

B

B

B

No

223792826

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure -  Missing Signature on Affiliated Business Arrangement Disclosure

RESPA Disclosure Rule: Creditor did not obtain signature on Affiliated Business Arrangement Disclosure.

2

B

B

B

B

B

B

B

B

B

B

CT

Primary

Purchase

B

B

B

B

No

223792826

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted] business days of application.

2

B

B

B

B

B

B

B

B

B

B

CT

Primary

Purchase

B

B

B

B

No

223792826

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Disclosure

Notice of Special Flood Hazard Disclosure Not Provided Timely

FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing.

provided at closing.

2

B

B

B

B

B

B

B

B

B

B

CT

Primary

Purchase

B

B

B

B

No

223792828

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

3

C

C

C

C

C

C

C

C

C

C

PA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792828

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792828

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Status Test

TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Cash-out - Other

No Defined Cure

B

B

B

B

No

223792828

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

[redacted] Booklet Disclosure Status

TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, [redacted] Booklet, not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Cash-out - Other

No Defined Cure

B

B

B

B

No

223792828

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

Truth in Lending Act: Notice of Right to Cancel was not provided.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Cash-out - Other

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223792829

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

Refinance - UTD

D

D

D

D

No

223792829

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete HUD-1

Missing Final HUD-x:  No Document Used For Fee Testing Material

Missing Final HUD-x.  No document containing fees provided.  Any applicable Federal, State or Local compliance testing is unreliable.

3

D

D

D

D

D

D

D

D

D

D

FL

UTD

Refinance - UTD

D

D

D

D

No

223792829

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application No Fees

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted]months prior to consummation.  A lookback was performed to determine this application date. Due to missing HUD-x or Closing Disclosure, no fees were used in testing.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

Refinance - UTD

D

D

D

D

No

223792829

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than single family residence, state and federal testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

Refinance - UTD

D

D

D

D

No

223792829

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

Truth in Lending Act: Notice of Right to Cancel was not provided.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

Refinance - UTD

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

D

D

D

D

Yes

223792829

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete Final TIL

TILA - Final TIL Missing

Missing Final TIL.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

Refinance - UTD

D

D

D

D

No

223792829

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

FL

UTD

Refinance - UTD

D

D

D

D

No

223792829

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

Refinance - UTD

D

D

D

D

No

223792829

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

Refinance - UTD

D

D

D

D

No

223792829

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Non-Required Data

Unable to determine occupancy, compliance results were generated using a defaulted value of Primary.

2

B

B

B

B

B

B

B

B

B

B

FL

UTD

Refinance - UTD

D

D

D

D

No

223792830

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

IL

Primary

Refinance - Rate/Term

B

B

B

B

No

223792830

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

FACTA

FACTA Disclosure Missing

FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure.

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Refinance - Rate/Term

B

B

B

B

No

223792830

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

[redacted] Booklet Disclosure Status

TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, [redacted] Booklet, not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Refinance - Rate/Term

No Defined Cure

B

B

B

B

No

223792832

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Purchase

B

B

B

B

No

223792832

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Prepaid Interest From Date from HUD-x or final closing disclosure of [redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

B

B

B

B

No

223792832

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of[redacted] which is [redacted]months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

B

B

B

B

No

223792835

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted]months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792835

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within [redacted] business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792835

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223792836

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Purchase

B

B

B

B

No

223792836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted]which is [redacted]months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

B

B

B

B

No

223792838

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.

The qualifying DSCR on the loan is greater than the guideline minimum. The representative FICO score exceeds the guideline minimum by at least [redacted]points.

DSCR Sole guarantor FICO [redacted]points over minimum requirement

SitusAMC,Aggregator SitusAMC,Aggregator

Reviewer Comment (2022-01-14): Waived/ downgraded based on [redacted] waiver policy.  Comp factors are FICO and DSCR.

01/14/2022

2

B

B

B

B

B

B

B

B

B

B

NJ

Investment

Refinance - Cash-out - Other

C

B

C

B

A

A

N/A

No

223792838

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Title

Title: Evidence of title is missing

File only contains a Pro Forma commitment. This is not a commitment to insure and not intended to depict the present state of title.

Reviewer Comment (2022-02-11): Provided in TD Seller Comment (2022-02-10): Check

02/11/2022

1

C

A

C

A

C

A

C

A

C

A

NJ

Investment

Refinance - Cash-out - Other

C

B

C

B

A

A

N/A

No

223792838

xx

xx

xx

xx

Credit

Insurance

Insurance Analysis

Insurance

Insurance address does not match Note address.

Insurance Address (City) does not match Note.  ([redacted]vs. [redacted]).  City name should reflect Deptford per other docs in file.

Reviewer Comment (2022-02-14): In TD Seller Comment (2022-02-14): Attached revised docs provided by insurance agent

02/14/2022

1

C

A

C

A

C

A

C

A

C

A

NJ

Investment

Refinance - Cash-out - Other

C

B

C

B

A

A

N/A

No

223792838

xx

xx

xx

xx

Credit

System

General

Appraisal Reconciliation

Valuation address does not match Note address.

-

Valuation Address (City) does not match Note.  ([redacted]vs. [redacted]).  Need revised primary appraisal to reflect Deptford and match the CDA, note and other docs in file.

Reviewer Comment (2022-03-04): In [redacted] Seller Comment (2022-03-03): Please, see the amended address on the appraisal Reviewer Comment (2022-02-15): Still waiting on corrected appraisal showing the city as [redacted]. Seller Comment (2022-02-15): Check

03/04/2022

1

C

A

C

A

C

A

C

A

C

A

NJ

Investment

Refinance - Cash-out - Other

C

B

C

B

A

A

N/A

No

223792838

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

Guideline Requirement: Loan to value discrepancy.

Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___.

The qualifying DSCR on the loan is greater than the guideline minimum. The representative FICO score exceeds the guideline minimum by at least [redacted]points.

DSCR Sole guarantor FICO [redacted]points over minimum requirement

SitusAMC,Aggregator SitusAMC,Aggregator

Reviewer Comment (2022-01-14): Waived/ downgraded based on [redacted] waiver policy.  Comp factors are FICO and DSCR.

01/14/2022

2

B

B

B

B

B

B

B

B

B

B

NJ

Investment

Refinance - Cash-out - Other

C

B

C

B

A

A

N/A

No

223792839

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

S&D Reason: Early Payment Default (EPD).

Reviewer Comment (2022-05-16): S&D Reason

3

C

C

C

C

C

C

C

C

C

C

CA

Investment

Refinance - Cash-out - Other

C

C

C

C

A

A

N/A

No

223792839

xx

xx

xx

xx

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropiate coverage is provided.

The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Seller Comment (2022-05-18): Final Title Policy has been uploaded to DocAcuity.

2

B

B

B

B

B

B

B

B

B

B

CA

Investment

Refinance - Cash-out - Other

C

C

C

C

A

A

N/A

No

223792841

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided

File is missing deed signed at closing transferring ownership to our borrower.

Reviewer Comment (2024-06-17): Received in trailing documents.

06/17/2024

1

D

A

D

A

D

A

D

A

D

A

MS

Investment

Purchase

D

A

D

A

A

A

UTD

N/A

No

223792842

xx

xx

xx

xx

Credit

Missing Document

General

Missing Document

ACH was missing from file.

ACH required and not evident in loan file.

Reviewer Comment (2024-01-18): Exception cleared.  Guidelines do not require.

01/18/2024

1

C

A

C

A

C

A

C

A

C

A

NY

Investment

Purchase

C

C

C

C

A

A

UTD

N/A

No

223792842

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Corporate Resolution not provided

Missing Corporate Resolution signed by all members of borrowing entity.

3

C

C

C

C

C

C

C

C

C

C

NY

Investment

Purchase

C

C

C

C

A

A

UTD

N/A

No

223792842

xx

xx

xx

xx

Credit

Guideline

Guideline Issue

Guideline

Rural property type is not permitted per Guidelines.

Per guidelines, rural properties are not permitted.  Appraisal in file indicates property is zoned rural.

Reviewer Comment (2024-01-18): Exception has been cleared.  The CDL guidelines do not address rural properties.

01/18/2024

1

C

A

C

A

C

A

C

A

C

A

NY

Investment

Purchase

C

C

C

C

A

A

UTD

N/A

No

223792843

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Articles of Organization/Formation not provided

Reviewer Comment (2024-08-30): Received in trailing documents. Seller Comment (2024-08-30): Comment from[redacted]([redacted]Mortgage): Articles

08/30/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Investment

Purchase

D

A

D

A

A

A

N/A

No

223792843

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Certificate of Good Standing not provided

Reviewer Comment (2024-08-30): Certificate of Good Standing provided, Exception Cleared Seller Comment (2024-08-30): Comment from [redacted] ([redacted]Mortgage): Good standing

08/30/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Investment

Purchase

D

A

D

A

A

A

N/A

No

223792843

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Guarantor Agreement not provided

Reviewer Comment (2024-08-30): Guarantor Agreement  provided, Exception Cleared Seller Comment (2024-08-30): Comment from[redacted]([redacted]Mortgage): Personal guaranty

08/30/2024

1

D

A

D

A

D

A

D

A

D

A

NC

Investment

Purchase

D

A

D

A

A

A

N/A

No

223792843

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Operating Agreement not provided

Reviewer Comment (2024-08-30): Operating Agreement provided, Exception Cleared Seller Comment (2024-08-30): Comment from [redacted] ([redacted]Mortgage): Operating agreement

08/30/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Investment

Purchase

D

A

D

A

A

A

N/A

No

223792843

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Subject property is classified as Rural and exists on a private road. No private road maintenance agreement provided. Client consideration and approval required.

Reviewer Comment (2024-08-30): Private Road Maintenance Agreement received (Doc ID [redacted]). Seller Comment (2024-08-30): Comment from [redacted] ([redacted]Mortgage): Private road agreement

08/30/2024

1

C

A

C

A

C

A

C

A

C

A

NC

Investment

Purchase

D

A

D

A

A

A

N/A

No

223792845

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: [redacted]

Note Date:  ___; Lien Position: ___

3

D

D

D

D

D

D

D

D

D

D

UT

Investment

Refinance - Cash-out - Other

D

D

B

B

D

D

N/A

No

223792845

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Credit

Miscellaneous Credit (Non-Material):

S&D Reason - Non-QM Loan - Early payment default; repurchase from non-agency investor

Reviewer Comment (2024-09-30): S&D defect

2

B

B

B

B

B

B

B

B

B

B

UT

Investment

Refinance - Cash-out - Other

D

D

B

B

D

D

N/A

No

223792847

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Reviewer Comment (2024-12-09): Received evidence of proceeds from refinance of other REO. Seller Comment (2024-12-05): Comment from [redacted] ([redacted]): net proceeds

12/09/2024

1

C

A

C

A

C

A

C

A

C

A

TX

Investment

Refinance - Rate/Term

C

A

C

A

A

A

N/A

No

223812552

xx

xx

xx

xx

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

Reviewer Comment (2024-09-10): Final title provided.

09/10/2024

1

A

A

A

A

A

A

A

A

A

A

ID

Investment

Purchase

B

A

B

A

A

A

A

A

N/A

No

223812552

xx

xx

xx

xx

Credit

Title

General

Title

Title Policy Coverage is less than Original Loan Amount.

The Title Policy Amount of $[redacted]is less than the note amount of $[redacted].

Reviewer Comment (2024-09-10): Received Final Title Policy covers the loan amount. exception cleared Buyer Comment (2024-09-09): Title

09/10/2024

1

B

A

B

A

B

A

B

A

B

A

ID

Investment

Purchase

B

A

B

A

A

A

A

A

N/A

No

223812554

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: [redacted]

A CDA is required and was not provided.

Reviewer Comment (2024-10-08): Received CDA. Exception Cleared Buyer Comment (2024-10-07): CDA

10/08/2024

1

D

A

D

A

D

A

D

A

D

A

OR

Investment

Refinance - Cash-out - Other

D

B

C

A

B

B

D

A

N/A

No

223812554

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Late Charge

[redacted] Late Charge Grace Period Testing

[redacted] Late Charge: Note grace period of [redacted]days is less than the state minimum of [redacted]days.

Buyer Comment (2024-09-27): Acknowledged non material

09/27/2024

2

B

B

B

B

B

B

B

B

B

B

OR

Investment

Refinance - Cash-out - Other

D

B

C

A

B

B

D

A

N/A

No

223812554

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Late Charge

[redacted] Late Charge Percent Testing

[redacted] Late Charge: Note late charge percent of [redacted]% exceeds the state maximum of [redacted]%.

Buyer Comment (2024-09-27): Acknowledged non material

09/27/2024

2

B

B

B

B

B

B

B

B

B

B

OR

Investment

Refinance - Cash-out - Other

D

B

C

A

B

B

D

A

N/A

No

223812554

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Provide third party verification (city, county, etc.) to confirm short term rentals are legally permissible and licensed where applicable.

Reviewer Comment (2024-10-25): Received City Third party verification which confirm short term rentals are legally permissible and licensed. Exception cleared. Buyer Comment (2024-10-23): Third party verification

10/25/2024

1

C

A

C

A

C

A

C

A

C

A

OR

Investment

Refinance - Cash-out - Other

D

B

C

A

B

B

D

A

N/A

No

223812557

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (x-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted]([redacted]) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

07/25/2024

2

B

B

B

B

B

B

B

B

B

B

TX

Investment

Purchase

B

B

A

A

B

B

A

A

N/A

No

223812560

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (x-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted]([redacted]) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

09/11/2024

2

B

B

B

B

B

B

B

B

B

B

NC

Investment

Refinance - Cash-out - Other

B

B

A

A

B

B

A

A

N/A

No

223812568

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (x-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted]([redacted]) business days prior to closing, and appraisal was not provided at or before closing.

Appraisal - ECOA Receipt of Appraisal without waiver OR after waiver.

07/10/2024

2

B

B

B

B

B

B

B

B

B

B

WI

Investment

Refinance - Cash-out - Other

B

B

B

B

B

B

A

A

N/A

No

223812568

xx

xx

xx

xx

Credit

Title

General

Title

Title Policy Coverage is less than Original Loan Amount.

The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.

The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

07/10/2024

2

B

B

B

B

B

B

B

B

B

B

WI

Investment

Refinance - Cash-out - Other

B

B

B

B

B

B

A

A

N/A

No

223812570

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Approved exception at origination is provided to waive impounds with comp factors: LTV of [redacted]%

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%. The representative FICO score exceeds the guideline minimum by at least [redacted]points.

SitusAMC SitusAMC

Reviewer Comment (2023-10-19): Comp factors provided

10/19/2023

2

C

B

C

B

C

B

C

B

C

B

CA

Investment

Refinance - Cash-out - Other

C

B

C

B

B

B

A

A

N/A

No

223812570

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Operating Agreement not provided

Operating Agreement provided is not executed by the member.

The representative FICO score exceeds the guideline minimum by at least [redacted]points.

SitusAMC

Reviewer Comment (2023-12-04): Client elects to waive. Reviewer Comment (2023-11-24): Signed Operating agreement is missing. Exception Remains

12/04/2023

2

C

B

C

B

C

B

C

B

C

B

CA

Investment

Refinance - Cash-out - Other

C

B

C

B

B

B

A

A

N/A

No

223812570

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Approved exception at origination is provided for VOM on primary it is free and clear with comp factors: LTV of [redacted]%

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%. The representative FICO score exceeds the guideline minimum by at least [redacted]points.

SitusAMC SitusAMC

Reviewer Comment (2023-10-19): Comp factors provided

10/19/2023

2

C

B

C

B

C

B

C

B

C

B

CA

Investment

Refinance - Cash-out - Other

C

B

C

B

B

B

A

A

N/A

No

223812570

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Approved exception at origination is provided for prepay; however, no comp factors were provided.

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%. The representative FICO score exceeds the guideline minimum by at least [redacted]points.

SitusAMC SitusAMC

Reviewer Comment (2023-10-19): Comp factors provided

10/19/2023

2

C

B

C

B

C

B

C

B

C

B

CA

Investment

Refinance - Cash-out - Other

C

B

C

B

B

B

A

A

N/A

No

223812570

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing

ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer.

Reviewer Comment (2023-10-26): Waive per clients guidance.

10/26/2023

2

B

B

B

B

B

B

B

B

B

B

CA

Investment

Refinance - Cash-out - Other

C

B

C

B

B

B

A

A

N/A

No

223812570

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Initial Loan Application - Signed and Dated

The initial loan application was not signed and dated.

Reviewer Comment (2023-10-26): Waive per clients guidance.

10/26/2023

2

B

B

B

B

B

B

B

B

B

B

CA

Investment

Refinance - Cash-out - Other

C

B

C

B

B

B

A

A

N/A

No

223812570

xx

xx

xx

xx

Credit

Compliance

Miscellaneous Compliance

Compliance

Patriot Act Disclosure is missing

-

The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%. The representative FICO score exceeds the guideline minimum by at least [redacted]points.

SitusAMC SitusAMC

Reviewer Comment (2023-12-07): . Reviewer Comment (2023-10-26): Waive per clients guidance.

10/26/2023

2

C

B

C

B

C

B

C

B

C

B

CA

Investment

Refinance - Cash-out - Other

C

B

C

B

B

B

A

A

N/A

No

223812570

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation.

Reviewer Comment (2023-10-26): Waive per clients guidance

10/26/2023

2

B

B

B

B

B

B

B

B

B

B

CA

Investment

Refinance - Cash-out - Other

C

B

C

B

B

B

A

A

N/A

No

223812570

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing, Incorrect, or Incomplete HUD-1

Missing Final HUD-x:  Stamped Title Company Closing Statement Used For Fee Testing Non Material

Missing Final HUD-[redacted]: Stamped Title Company Closing Statement used for any applicable Federal, State or Local compliance testing.  Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-[redacted]requirement. EVx informational finding to indicate which document was used to source fees for any applicable testing.

Reviewer Comment (2023-10-26): Waive per clients guidance

10/26/2023

2

B

B

B

B

B

B

B

B

B

B

CA

Investment

Refinance - Cash-out - Other

C

B

C

B

B

B

A

A

N/A

No

223812570

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Credit

Guideline Requirement: Maximum Loan Amount discrepancy.

Note loan amount of ___ is greater than Guideline maximum loan amount of ___.

[redacted]-unit max loan amount id $[redacted]per guidelines.

The representative FICO score exceeds the guideline minimum by at least [redacted]points.

SitusAMC

Reviewer Comment (2023-12-11): Client elects to waive.

12/11/2023

2

B

B

B

B

B

CA

Investment

Refinance - Cash-out - Other

C

B

C

B

B

B

A

A

N/A

No

223812572

xx

xx

xx

xx

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

The file was missing a copy of the final title policy.

Reviewer Comment (2023-06-09): Final title provided.

06/09/2023

1

A

A

A

A

A

A

A

A

A

A

CA

Investment

Refinance - Cash-out - Other

C

B

C

B

A

A

A

A

N/A

No

223812572

xx

xx

xx

xx

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Reviewer Comment (2023-06-09): Final title provided. Seller Comment (2023-06-08): [redacted] RF see attached please clear thank you

06/09/2023

1

B

A

B

A

B

A

B

A

B

A

CA

Investment

Refinance - Cash-out - Other

C

B

C

B

A

A

A

A

N/A

No

223812572

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a FEMA disaster area that does not have a declared end date.  The appraisal was performed after the FEMA declaration start date but prior to the declared end date.

Property inspected post disaster but pre-FEMA declaration of disaster end date.

Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted]

SitusAMC,Aggregator

Reviewer Comment (2023-06-27): Client elects to waive. Reviewer Comment (2023-06-21): Client to review. PDI provided prior to a declared disaster end date. Seller Comment (2023-06-20): [redacted] [redacted]please see attached PDI

06/27/2023

2

C

B

C

B

C

B

C

B

C

B

CA

Investment

Refinance - Cash-out - Other

C

B

C

B

A

A

A

A

N/A

No

223812581

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM

Investment Property submitted as Non-QM / Exempt from ATR

Ability to Repay (Dodd-Frank [redacted]): Improper Originator Loan Designation. Investment property not subject to Ability to Repay requirements.

Lender designated loan as Non QM.

Reviewer Comment (2022-10-19): Client elects to waive. No A/L or outside SOL.

10/19/2022

2

B

B

B

B

B

B

B

B

B

B

DC

Investment

Refinance - Rate/Term

C

B

C

B

C

B

A

A

Non QM

N/A

No

223812581

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Alternate Table Usage

TILA-RESPA Integrated Disclosure - Costs at Closing/ Calculating Cash to Close: Alternate tables not used consistently throughout the transaction.

[Redact] initial LE disclosure(s) was issued on the "With Seller" form, and remaining LE disclosures & CD's was issued on the "Without Seller" form.

Reviewer Comment (2022-10-19): Client elects to waive. No A/L or outside SOL.

10/19/2022

2

B

B

B

B

B

B

B

B

B

B

DC

Investment

Refinance - Rate/Term

Good Faith Redisclosure

C

B

C

B

C

B

A

A

Non QM

N/A

Yes

223812581

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: Investor qualifying total debt ratio discrepancy.

Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___.

Qualifying using Greater of the fully indexed rate or the note rate + [redacted]%, the DTI is [redacted]%. Income used is [Redact] and total expenses of [Redact] Lender approved DTI to [redacted]%.

Borrower on this Investment Program documentation loan has a disposable income of [redacted] > guidelines of [redacted] [redacted]months reserves > [redacted]months guideline minimum

Originator Pre-Close Originator Pre-Close

Reviewer Comment (2018-10-18): Lender approved at [redacted]%. [redacted]). Reviewed CGW / CPL Compensating Factor Tool provided. Score is [redacted]. CGW requirements met for increase of DTI to [redacted]% maximum. Reviewer Comment (2018-10-17): [Redact] - [redacted]). Reviewed rental income calculations, updated data capture. [redacted]). Updated lender's qualifying payment calculations using Note Rate or Fully Indexed (had Note rate +[redacted]%) result is [redacted]% DTI; Lender approved at [redacted]%. [redacted]). Reviewed [redacted] / CPL Compensating Factor Tool provided. Score is [redacted]. [redacted] requirements met for increase of DTI to [redacted]% maximum. This issue is cleared.

10/18/2018

2

C

B

C

B

C

B

C

B

C

B

DC

Investment

Refinance - Rate/Term

C

B

C

B

C

B

A

A

Non QM

N/A

No

223812581

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk.

Due to DTI exception.

Reviewer Comment (2018-10-18): Exception approval for the DTI provided.

10/18/2018

1

C

A

C

A

C

A

C

A

C

A

DC

Investment

Refinance - Rate/Term

C

B

C

B

C

B

A

A

Non QM

N/A

No

223812582

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

There is no supporting document for subordinate [redacted]Lien , However [redacted]noted HCLTV as [redacted]%.

Reviewer Comment (2024-10-24): Received updated [redacted]with correction in HCLTV Buyer Comment (2024-10-22): [redacted]

10/24/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Investment

Refinance - Rate/Term

D

A

C

A

A

A

D

A

N/A

No

223812582

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID:[redacted]

The file is missing a copy of the secondary valuation required for securitization purposes.

Reviewer Comment (2024-10-24): CDA received. Exception cleared Buyer Comment (2024-10-22): CDA

10/24/2024

1

D

A

D

A

D

A

D

A

D

A

CA

Investment

Refinance - Rate/Term

D

A

C

A

A

A

D

A

N/A

No

223812583

xx

xx

xx

xx

Credit

Hazard Insurance

Insufficient Coverage

Hazard Insurance

The Hazard Insurance Policy Effective Date is after closing.

Hazard Insurance Policy Effective Date ___, Disbursement Date: ___

Hazard Insurance Policy effective date is [redacted] which is after the closing date and funding date of [redacted]

Reviewer Comment (2022-03-03): Exception Cleared: Received the Expired Hazard Insurance in Trailing Document of Policy Period: [redacted] to [redacted], Which Clarifies that the Current Hazard Policy is Renewed Policy. Expired Hazard Policy Doc ID: [redacted], Renewed Hazard Doc ID: [redacted]. Seller Comment (2022-03-02): hoi On this [redacted], the effective date is [redacted] as it is the renewal date on the current year of the Insurance.

03/03/2022

1

C

A

C

A

C

A

C

A

C

A

NY

Investment

Refinance - Cash-out - Debt Consolidation

C

A

C

A

A

A

A

A

N/A

N/A

No

223812583

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Missing Document

REO Documents are missing.

-

Missing Statement or Closing Statement for additional property.

Reviewer Comment (2022-03-17): Documentation provided. Exception cleared Seller Comment (2022-03-17): Taxes and Insurance for[redacted] uploaded Reviewer Comment (2022-03-17): The payment has been updated. Please provide evidence of tax and insurance for[redacted] Seller Comment (2022-03-16): The new [redacted] loan for [redacted] was cancelled and is no longer in process.  Existing mortgage appears on the credit report as INVESTORS account #[redacted]at $[redacted]/m (see page [redacted]of original file upload).  Taxes and Insurance total $[redacted]/m.  Total qualifying payment for property located at[redacted]is $[redacted]/m.  No impact to borrower's ability to qualify.  DTI remains at [redacted]%. Reviewer Comment (2022-03-15): We can't accept an estimated payment. Please provide the original mortgage statement for calculation purposes for[redacted] Seller Comment (2022-03-14): PLEASE WAIVE FINDING.  [redacted]is requiring documentation which cannot be provided at this point in time.  Underwriter qualified borrower using a PITIA payment of $[redacted]/m for the property located at [redacted], as evidenced on the provided URLA, as well as the [redacted]for same property which was included in the original loan package (pages[redacted]).  A copy of the Loan Estimate has been uploaded to [redacted] for [redacted]review however, a Closing Disclosure and/or final Settlement Statement for this transaction is not yet available as the loan is still in process and is not scheduled to close until [redacted]. Reviewer Comment (2022-03-03): Please provide following documentation on borrower's REO property "[redacted]" [redacted]. Provide closing statement reflecting [redacted] being paid off. [redacted]. Statement reflecting monthly payment is being excrowed with tax and insurance. If payment is not escrowed with tax and insurance, then please provide Tax certificate and insurance policy. [redacted]. Provide documentation for HOA if applicable. Reviewer Comment (2022-02-28): Please provide evidence of PITI for primary residence. Seller Comment (2022-02-25): Please waive finding.   The [redacted] loan for [redacted][redacted] [redacted]Street has not closed yet.   The UW provided in the file the [redacted]from [redacted] that shows the breakdown of PITIA and UW is using the higher mortgage payment with [redacted] $[redacted]over Invstrs $[redacted].   Please see page(s) [redacted]and [redacted]in the initial upload for the [redacted]on [redacted]

03/17/2022

1

C

A

C

A

C

A

C

A

C

A

NY

Investment

Refinance - Cash-out - Debt Consolidation

C

A

C

A

A

A

A

A

N/A

N/A

No

223812584

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Non Escrowed Property Costs Year [redacted] Test

TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Non-Escrowed Property Costs over Year [redacted]of [redacted]on Final Closing Disclosure provided on [redacted] not accurate.

Final Closing Disclosure indicated  Non Escrowed Property Costs Year [redacted]based on HOA dues from appraisal, $[redacted]yearly.   Final CD indicated actual HOE fees per year $[redacted].

Reviewer Comment (2022-11-10): Lender has granted blanked approval to Waive this open EV2 exception.

11/10/2022

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Other

Letter of Explanation & Corrected Closing Disclosure

C

B

C

A

C

B

A

A

Non QM

Non QM

Yes

223812584

xx

xx

xx

xx

Credit

Insurance

Insurance Analysis

Insurance

Insufficient Coverage: Hazard insurance coverage amount is insufficient.

HOI coverage is insufficient by $[redacted].   Provide verification of policy with sufficient coverage OR provide copy of insurer's replacement cost estimate supporting current coverage amount.

Reviewer Comment (2022-10-12): documentation provided. Exception cleared Seller Comment (2022-10-12): RCE showing $[redacted]. Reviewer Comment (2022-10-06): Replacement Cost Dwelling states "[redacted]% Replacement Cost Up to Policy Limit". Coverage of $[redacted]is less than both the loan amount and estimated cost new according to the appraisal. This coverage does not appear to be sufficient. Please obtain evidence from insurance company that $[redacted]is the insurance company's limit on this property because that is their replacement cost Seller Comment (2022-10-06): Evidence of Insurance included in submission package (page [redacted]) states "[redacted]% replacement cost."

10/12/2022

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Non QM

Non QM

No

223812584

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted]([redacted]) business days prior to closing.

Closing Disclosure not provided to Borrower(s) at least [redacted]([redacted]) business days prior to closing. Borrower signed CD on [redacted], closing dated [redacted]. Provided E-signature  verifying borrower received [redacted]business day prior to closing

Reviewer Comment (2022-10-13): [redacted]received[redacted]  CD received [redacted]business days prior to consummation. Seller Comment (2022-10-13): Signed initial CD and e-sign log for proof acceptable timing prior to close Reviewer Comment (2022-10-13): [redacted]received [redacted] CD without receipt. Please provide documentation of receipt if available.  Please provide documentation if the CD was received three days prior to consummation or earlier for review. Seller Comment (2022-10-12): Initial CD/COC

10/13/2022

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Refinance - Cash-out - Other

No Defined Cure

C

B

C

A

C

B

A

A

Non QM

Non QM

No

223812584

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Credit

Guideline Requirement: Refinance purpose discrepancy.

This is a Cash -out Refi debt consolidation loan

Reviewer Comment (2022-10-06): exception cleared Seller Comment (2022-10-06): Neither the final [redacted]or the final URLA identify the purpose of cash-out as "Other."  The final [redacted]correctly reflects "Cash-Out Refinance" and Section [redacted]of the final URLA correctly reflects "Refinance."

10/06/2022

1

C

A

C

A

C

A

C

A

C

A

FL

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Non QM

Non QM

No

223812585

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

TRID [redacted]Percent Tolerance Violation Without Sufficient Cure Provided Cure for various [redacted]% tolerance violations for Transfer Tax in the amount of $[redacted] was not provided. No valid change of circumstance was provided in the loan file. Provide a post-close CD disclosing the tolerance cure of $[redacted], copy the refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2022-11-02): [redacted]received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected PCCD. Seller Comment (2022-11-01): PCCD and $[redacted]cure

11/02/2022

2

C

B

C

B

C

B

C

B

C

B

NV

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

A

A

C

B

A

A

Non QM

Non QM

Yes

223812585

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for [redacted]Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

Per [redacted] [redacted] Expanded guidelines required second appraisal fee, per approval.

Reviewer Comment (2022-11-02): [redacted]received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected PCCD. Seller Comment (2022-11-01): PCCD and $[redacted]cure

11/02/2022

2

C

B

C

B

C

B

C

B

C

B

NV

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

A

A

C

B

A

A

Non QM

Non QM

Yes

223812585

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

GSE

[redacted] [redacted] - [redacted]% Points and Fees

[redacted] [redacted][redacted]% Points and Fees Test.  Points and Fees on subject loan of [redacted]% is in excess of the investor allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted]on a Federal Total Loan Amount of $[redacted]vs. an investor allowable total of $[redacted](an overage of $[redacted]or .[redacted]%).

A price change occurred on [redacted] resulting in an increase Points and Fees on subject loan of [redacted]%. A  valid change of circumstance was provided

Reviewer Comment (2022-11-10): Lender has granted blanked approval to Waive this open EV2 exception.

11/10/2022

2

B

B

B

B

B

B

B

B

B

B

NV

Primary

Purchase

LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings.

C

B

A

A

C

B

A

A

Non QM

Non QM

Yes

223812586

xx

xx

xx

xx

Credit

Credit

Credit Eligibility

Guideline

Public Record Issue:

-

Reviewer Comment (2019-05-20): Collections and charge-offs < [redacted]months old with a maximum cumulative balance of $[redacted]may remain open. Buyer Comment (2019-05-20): Not paying off the collection for $[redacted]meets guidelines.

05/01/2019

1

B

A

B

A

B

A

B

A

B

A

DC

Primary

Refinance - Cash-out - Other

B

A

B

A

A

A

A

A

Non QM

Non QM

No

223812588

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] business days prior to closing.

Initial Closing Disclosure not provided to Borrower(s) at least [redacted]([redacted]) business days prior to closing.

Reviewer Comment (2024-02-14): [redacted]received a valid COC. Seller Comment (2024-02-13): (Rate Lock) Disclosure tracking provided, initial CD sent and received[redacted].

02/14/2024

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

No Defined Cure

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812588

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Loan Estimate Timing

TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted]([redacted]) business days of application.

Initial Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted]([redacted]) business days of application.

Reviewer Comment (2024-02-20): [redacted]received initial LE. Seller Comment (2024-02-16): (Rate Lock) [redacted] LE provided Reviewer Comment (2024-02-15): The only LE in the loan file is dated[redacted].  Please provide any earlier LEs issued to the borrower for review and testing. Seller Comment (2024-02-13): (Rate Lock) Disclosure Tracking Provided, initial LE sent [redacted]

02/20/2024

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

No Defined Cure

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812588

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Seller Closing Disclosure Contains Fees not reflected on Consumer's Final Closing Disclosure

TILA-RESPA Integrated Disclosure: the Seller's final CD contained fees not reflected on the consumer's CD.

Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure.

Reviewer Comment (2024-02-20): [redacted]received Seller CD.

02/20/2024

1

A

A

A

A

A

A

A

A

A

A

GA

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223812588

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Title - Insurance Binder Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

Title - Insurance Binder Fee was  last disclosed as $[redacted]on LE but disclosed as $[redacted]on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-02-20): VCC is acceptable

02/20/2024

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223812588

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

02/07/2024

2

B

B

B

B

B

B

B

B

B

B

GA

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812588

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Loan Estimate Seven Day Waiting Period

TILA-RESPA Integrated Disclosure: Loan Estimate was not delivered or placed in the mail to the borrower at least [redacted]([redacted]) business days prior to closing.

Loan Estimate was not delivered or placed in the mail to the borrower at least [redacted]([redacted]) business days prior to closing

Reviewer Comment (2024-02-20): [redacted]received initial LE. Seller Comment (2024-02-16): (Rate Lock) Initial LE was dated [redacted], providing here due to being left off initial upload Reviewer Comment (2024-02-15): Initial CD, dated [redacted], was received on [redacted] which is less than [redacted]days from closing on[redacted].  This is a timing exception with no visible means to cure. Seller Comment (2024-02-13): (Rate Lock) Disclosure Tracking Provided, initial LE sent [redacted]

02/20/2024

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

No Defined Cure

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812588

xx

xx

xx

xx

Credit

Asset

Asset Documentation

Asset

Guideline Issue:Insufficient asset documentation.

-

The file was missing required asset verification.  Per guidelines, assets to be used for down payment, closing costs, debt payoff, and reserves must be seasoned for [redacted]days or sourced. Lender to provide additional statement for [redacted] Plan Account.

Borrower has been employed in the same industry for more than [redacted]years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted]years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [redacted]months. Borrowers made a down payment from their own funds on this purchase transaction of at least [redacted]% and $[redacted]. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-02-20): Client elects to waive. Comp factors: [redacted]% DTI, employed [redacted]& [redacted]% LTV Buyer Comment (2024-02-13): [redacted]to review

02/20/2024

2

C

B

C

B

C

B

C

B

C

B

GA

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812588

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded. Total amount of $[redacted]exceeds tolerance of $[redacted]plus [redacted]% or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-02-14): Sufficient Cure Provided At Closing

02/14/2024

1

A

A

A

A

A

GA

Primary

Purchase

Final CD evidences Cure

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223812588

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien

TRID Final Closing Disclosure [redacted] on a [redacted]lien purchase transaction did not disclose any Seller paid fees/charges on page [redacted]. (Points and Fees testing limited to Borrower paid fees.)

Seller fees do not match borrower final CD.

Reviewer Comment (2024-02-23): [redacted]received seller settlement statement Seller Comment (2024-02-21): (Rate Lock) Seller CD provided and the purchase agreement states the seller was not contributing to buyer's closing costs.

02/23/2024

1

A

A

A

A

A

GA

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223812588

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Title - After Hours Closing Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-02-21): Sufficient Cure Provided At Closing

02/21/2024

1

A

A

A

A

A

GA

Primary

Purchase

Final CD evidences Cure

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223812592

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Appraisal Not Provided at or Before Closing (x-Day Waiver In File)

ECOA Valuations Rule (Dodd-Frank [redacted]): Borrower waived right to receive a copy of the appraisal at least [redacted]([redacted]) business days prior to closing, and appraisal was not provided at or before closing.

Verification appraisal was delivered to borrower was not provided.

06/24/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

B

B

A

A

B

B

A

A

Non QM

Non QM

No

223812592

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

[redacted]Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[redacted]exceeds tolerance of $[redacted]. Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2024-06-24): Sufficient Cure Provided At Closing

06/24/2024

1

A

A

A

A

A

A

A

A

A

A

CA

Primary

Refinance - Cash-out - Other

Final CD evidences Cure

B

B

A

A

B

B

A

A

Non QM

Non QM

Yes

223812595

xx

xx

xx

xx

Credit

Title

General

Title

Title Policy Coverage is less than Original Loan Amount.

The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.

The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

08/29/2024

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Rate/Term

B

B

B

B

A

A

A

A

Non QM

Non QM

No

223812595

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

Sufficient Cure provided at Closing.

Reviewer Comment (2024-08-29): Sufficient Cure Provided At Closing

08/29/2024

1

A

A

A

A

A

A

A

A

A

A

FL

Primary

Refinance - Rate/Term

Final CD evidences Cure

B

B

B

B

A

A

A

A

Non QM

Non QM

Yes

223812596

xx

xx

xx

xx

Credit

Title

Document Error

Title

The Preliminary title policy is within [redacted] or [redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided.

The file was missing a copy of the final title policy.

08/28/2024

2

B

B

B

B

B

B

B

B

B

B

CA

Investment

Refinance - Cash-out - Other

B

B

B

B

A

A

A

A

N/A

N/A

No

223812597

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $-[redacted]exceeds tolerance of $-[redacted]. Insufficient or no cure was provided to the borrower.

Lender Credits was last disclosed as -$[redacted]on LE but disclosed as -$[redacted]on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2024-11-25): [redacte] Received Corrected PCCD, LOE, Refund Check and Proof of Mailing. Also received interim CD along with valid COC's. Seller Comment (2024-11-25): Attached please find [redacted] CDs and Manual COCs for [redacted] [redacted]and [redacted] [redacted.   There were [redacted] more Lock extensions that happened on this loan before the borrower signed the documents on [redacted][redacted]h.  Please send these[redacted]attachments to the investor. The last CD on [redacted] [redacted]th shows the Lenders credit at [redacted].   There were [redacted] more lock extensions completed on [redacted] [redacted]th and [redacted][redacted]th, which we did not issue a CD or COC on.  These changes are what made the Lender credit go down to [redacted]which showed up on our PCCD. We need to refund the borrower $[redacted]which is the difference between our last CD dated [redacted] [redacted]th and what we disclosed on the PCCD.  ([redacted]- [redacted]= [redacted]). Cure amount for $[redacted] should be sufficient to cure the finding. Seller Comment (2024-11-25): Attached please find [redacted]CDs and Manual COCs for [redacted][redacted]and [redacted][redacted].   There were [redacted]more Lock extensions that happened on this loan before the borrower signed the documents on [redacted][redacted].  Please send these [redacted]attachments to the investor. The last CD on [redacted][redacted]shows the Lenders credit at [redacted].   There were [redacted]more lock extensions completed on [redacted][redacted]and [redacted][redacted], which we did not issue a CD or COC on.  These changes are what made the Lender credit go down to [redacted]which showed up on our PCCD. We need to refund the borrower $[redacted]which is the difference between our last CD dated [redacted][redacted]and what we disclosed on the PCCD.  ([redacted]). Cure amount for $[redacted]should be sufficient to cure the finding. Seller Comment (2024-11-25): Attached please find [redacted] CDs and Manual COCs for [redacted][redacted]and [redacted][redacted].   There were [redacted]more Lock extensions that happened on this loan before the borrower signed the documents on [redacted].  Please send these [redacted]attachments to the investor. The last CD on[redacted] shows the Lenders credit at [redacted].   There were [redacted]more lock extensions completed on [redacted] and [redacted][redacted], which we did not issue a CD or COC on.  These changes are what made the Lender credit go down to [redacted]which showed up on our PCCD. We need to refund the borrower $[redacted]which is the difference between our last CD dated [redacted][redacted]and what we disclosed on the PCCD.  ([redacted]). Cure amount for $[redacted]should be sufficient to cure the finding. Reviewer Comment (2024-11-25): [redacted]received Post CD,LOX,Copy of refund check and proof of mailing for $[redacted]. However, we would require additional cure of $[redacted]along with cure docs. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Seller Comment (2024-11-22): Tolerance Cure check and supporting documents attached.

11/25/2024

2

C

B

C

B

C

B

C

B

C

B

CA

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223812597

xx

xx

xx

xx

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Legal / Regulatory / Compliance

Final Title Policy is missing. No evidence of title in file.

The file was missing a copy of the final title policy.

Reviewer Comment (2024-11-13): Received and associated Title Preliminary. Exception is cleared. Seller Comment (2024-11-13): We don't have the final policy as that is usually followed by the purchase with the trailing docs. But attached is the preliminary title policy

11/13/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812597

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.

Calculated Available for Reserves of [redacted] is less than Guideline Available for Reserves of [redacted]months.

Borrower has been employed in the same industry for more than [redacted]years. Borrower has verified disposable income of at least $[redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [redacted]%. The qualifying DTI on the loan is at least [redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted]points.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2024-11-19): Client elects to waive. Comp factors: [redacted]FICO, [redacted]% LTV & owned subject [redacted]yrs Buyer Comment (2024-11-19): [redacted]to review Reviewer Comment (2024-11-18): Subject is Non-QM Fixed [redacted] program hence [redacted] Non-QM Underwriting Guidelines [redacted] used. On page [redacted]ACCEPTABLE FUNDS: Funds from a business account (if the Borrower is the sole owner (or other owner is non-borrowing spouse) of the company and the company's CPA provides a statement indicating withdrawal of the funds will not negatively impact the business OR meet [redacted] guidance for cash flow analysis) may be used for down payment and reserves. Exception remains. Seller Comment (2024-11-15): We do not ask for a CPA letter on [redacted]-year product or any products other than DSCR MAX. [redacted]has also dismantled this requirement. Attached is an LOE showing [redacted] guidelines and [redacted] guidelines. Reviewer Comment (2024-11-15): Funds from Business Bank Statements are not considered as CPA letter or Cash Flow Analysis is not available in file. Per [redacted] guidelines, Funds from a business account (if the Borrower is the sole owner (or other owner is non-borrowing spouse) of the company and the company's CPA provides a statement indicating withdrawal of the funds will not negatively impact the business OR meet [redacted] guidance for cash flow analysis) may be used for down payment and reserves. Exception remains. Seller Comment (2024-11-14): I think you might be missing the [redacted] account attached. We included it in our review.

11/19/2024

2

C

B

C

B

C

B

C

B

C

B

CA

Primary

Refinance - Rate/Term

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812597

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR Risk

Ability to Repay (Dodd-Frank xxxx): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.

Reviewer Comment (2024-11-19): [redacted]waived reserve requirement. Exception cleared. Buyer Comment (2024-11-19): [redacted]to review

11/19/2024

1

B

A

C

A

B

A

C

A

B

A

CA

Primary

Refinance - Rate/Term

Lender to provide updated ATR/QM Loan Designation

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223812597

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk.

Loan designation failure due to QM failure.  This exception will be cleared once all QM specific exceptions have been cured/cleared.

Reviewer Comment (2024-11-19): [redacted]waived reserve requirement. Exception cleared. Buyer Comment (2024-11-19): [redacted]to review

11/19/2024

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Rate/Term

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812599

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

Reviewer Comment (2023-01-23): Received evidence appraisal was sent to the borrower. Exception cleared. Seller Comment (2023-01-23): appraisal delivery

01/23/2023

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Non QM

Non QM

No

223812599

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Federal HPML

[redacted]HPML [redacted] Non Compliant

Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted].% + [redacted]%, or [redacted]%.  Non-Compliant Higher Priced Mortgage Loan.

Verification appraisal was delivered to borrower was not provided.

Reviewer Comment (2023-01-23): Received evidence appraisal was sent to the borrower. Exception cleared.

01/23/2023

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Non QM

Non QM

No

223812599

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Federal HPML

(Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer)

TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

Reviewer Comment (2023-01-23): Received evidence appraisal was sent to the borrower. Exception cleared. Seller Comment (2023-01-20): appraisal acknowledgment

01/23/2023

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Non QM

Non QM

No

223812599

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date.

Disaster Name: ___ Disaster Declaration Date: ___

The subject property is located in a FEMA disaster area that does not have a declared end date.  The appraisal was performed after the FEMA declaration start date but prior to the declared end date.

Property inspected post disaster but pre-FEMA declaration of disaster end date.

Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX

SitusAMC,Aggregator

Reviewer Comment (2023-01-23): Client elects to waive: appraisal completed post disaster and pics do not indicate damage Reviewer Comment (2023-01-23): Client to review. Received Disaster Inspection dated [redacted]  reflecting no damage. Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: [redacted]. Seller Comment (2023-01-20): post disaster

01/23/2023

2

C

B

C

B

C

B

C

B

C

B

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Non QM

Non QM

No

223812599

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___.

Lender exception in file.

The representative FICO score exceeds the guideline minimum by at least [redacted] points. Borrower has worked in the same position for more than [redacted] years.

SitusAMC SitusAMC

Reviewer Comment (2023-01-23): Client elects to waive:  [redacted]FICO, borrower on job [redacted]years & conservative use of credit Reviewer Comment (2023-01-23): Client to review. Lender exception provided. Seller Comment (2023-01-20): investor exception

01/23/2023

2

C

B

C

B

C

B

C

B

C

B

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Non QM

Non QM

No

223812599

xx

xx

xx

xx

Credit

Asset

Asset Documentation

Asset

Missing Document: Gift Letter not provided

Gift letter in file for $[redacted]is incomplete.

Reviewer Comment (2023-01-23): Received gift letter. Exception cleared. Reviewer Comment (2023-01-23): Gift letter received is same as previously provided and is incomplete. The letter is missing the donor name, recipient, relationship, source of gift, and date funds were transferred. Please provide completed gift letter. Exception remains. Seller Comment (2023-01-20): gift letter

01/23/2023

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

A

A

A

Non QM

Non QM

No

223812601

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized.  Secondary  valuation is missing.; Sec ID: [redacted]

The file is missing a copy of the secondary valuation required for securitization purposes.

Reviewer Comment (2023-02-09): [redacted] supporting value has been provided.

02/09/2023

1

D

A

D

A

D

A

D

A

D

A

CA

Primary

Purchase

D

B

A

A

C

B

D

A

Non QM

Non QM

No

223812601

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Federal HPML

(Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer)

TILA HPML Appraisal Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] [redacted]business days prior to consummation.

Verification appraisal was delivered to borrower was not provided.

Reviewer Comment (2023-02-06): Proof of appraisal delivery and receipt to borrower was provided. Seller Comment (2023-02-02): Please see the attached E-Sign Cert and Disclosure History showing proof of receipt of the appraisal.

02/06/2023

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

D

B

A

A

C

B

D

A

Non QM

Non QM

No

223812601

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

GSE

[redacted] [redacted] - [redacted]% Points and Fees

[redacted] [redacted] [redacted]% Points and Fees Test.  Points and Fees on subject loan of [redacted]% is in excess of the investor allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted]on a Federal Total Loan Amount of $[redacted] vs. an investor allowable total of $[redacted](an overage of $[redacted]or [redacted]%).

[redacted] points and fees Total fees financed by lender is $[redacted].  Threshold maximum is $[redacted]

Reviewer Comment (2023-02-08): Client elects to waive. Reviewer Comment (2023-02-06): Client to review. Seller Comment (2023-02-02): Please note that the [redacted] [redacted] points and fees also known as QM test does not apply to this product type (bank statement) as it is a non-agency loan. Bank Statement loans are not subject to QM, [redacted], [redacted] or State-Specific high cost testing. They are still required to pass [redacted] and our investors will take [redacted] fails on them as long as all the requirements are met. i.e. (no appraisal wavier, no escrow waiver, and not [redacted]) Our contract states that XXXXX will buy HPML as long as all the requirements were met, as they were on this loan.

02/08/2023

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings.

D

B

A

A

C

B

D

A

Non QM

Non QM

Yes

223812601

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Federal HPML

TIL Higher Priced Mortgage Loan Safe Harbor Test

TILA HPML appraisal Rule (Dodd-Frank [redacted]): Safe Harbor requirements not satisfied.

The appraisal was not in the name of the lender. HPML/Safe Harbor requires correct lender to be identified.  Provide a revised appraisal correcting the client.

Reviewer Comment (2023-02-06): Appraisal transfer letter was provided. Reviewer Comment (2023-02-06): Provide the appraisal transfer letter. Seller Comment (2023-02-02): This is a transferred appraisal and was still valid at the time of the origination of this loan.  This is also a correspondent loan.

02/06/2023

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

D

B

A

A

C

B

D

A

Non QM

Non QM

No

223812601

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Federal HPML

Federal HPML [redacted] Non Compliant

Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is equal to or greater than the threshold of APOR [redacted]% + [redacted]%, or [redacted]%.  Non-Compliant Higher Priced Mortgage Loan.

The Loan is a HPML due to the  APR of [redacted]% on the final disclosure exceeds allowable threshold of [redacted]%.

Reviewer Comment (2023-02-06): Proof of appraisal delivery and receipt to borrower was provided. Seller Comment (2023-02-02): Bank Statement loans are not subject to QM, [redacted], [redacted] or State-Specific high cost testing. They are still required to pass [redacted] and our investors will take [redacted] fails on them as long as all the requirements are met. i.e. (no appraisal wavier, no escrow waiver, and not XXXXX) Our contract states that XXXXX will buy HPML as long as all the requirements were met, as they were on this loan.

02/06/2023

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

D

B

A

A

C

B

D

A

Non QM

Non QM

No

223812601

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Reconciliation

Property - Appraisal

Appraisal is required to be in name of Lender

-

The appraisal was not in the name of the lender. HPML/Safe Harbor requires correct lender to be identified.  Provide a revised appraisal correcting the client.

Reviewer Comment (2023-02-06): Appraisal transfer letter was provided. Seller Comment (2023-02-02): XX/XX/XX - [redacted]: Please see attached Transfer letter, confirming XXXXX as the lender. Note that XXXXX is not considered the lender is this situation due to the loan being a correspondent.

02/06/2023

1

B

A

B

A

B

A

B

A

B

A

CA

Primary

Purchase

D

B

A

A

C

B

D

A

Non QM

Non QM

No

223812603

xx

xx

xx

xx

Credit

Credit

Credit Documentation

Missing Document

Missing Document: Credit Report not provided

Credit Report is missing in the file.

Reviewer Comment (2023-07-06): Credit report provided. Exception cleared. Seller Comment (2023-07-03): (XXXXX) credit report

07/06/2023

1

D

A

D

A

D

A

D

A

D

A

IN

Investment

Purchase

D

B

D

B

A

A

A

A

N/A

N/A

No

223812603

xx

xx

xx

xx

Credit

Missing Document

General

Missing Document

Missing Document: Evidence of Access to Funds not provided

Guidelines require CPA letter reflecting withdrawal of funds will not negatively impact business in order for business funds to be used for closing and reserves. CPA letter in file does not address the withdrawal of funds.

Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted] less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted]points.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2023-07-05): Client elects to waive. Comp factors: Fico = [redacted]; Residual Income = [redacted]; SE > [redacted]years

07/05/2023

2

C

B

C

B

C

B

C

B

C

B

IN

Investment

Purchase

D

B

D

B

A

A

A

A

N/A

N/A

No

223812603

xx

xx

xx

xx

Credit

Asset

Asset Documentation

Asset

Guideline Issue:Insufficient asset documentation.

-

The file was missing required asset verification.  Per guidelines, assets to be used for down payment, closing costs, debt payoff, and reserves must be seasoned for [redacted]days or sourced. Lender to provide additional statement.

Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted] less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted]points.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2023-07-05): Client elects to waive. Comp factors: Fico = [redacted]; Residual Income = [redacted]; SE > [redacted]years

07/05/2023

2

C

B

C

B

C

B

C

B

C

B

IN

Investment

Purchase

D

B

D

B

A

A

A

A

N/A

N/A

No

223812603

xx

xx

xx

xx

Credit

Asset

Asset Documentation

Asset

Guideline Issue:Insufficient asset documentation.

-

The file was missing required asset verification.  Per guidelines, assets to be used for down payment, closing costs, debt payoff, and reserves must be seasoned for [redacted]days or sourced. Lender to provide additional statement.

Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted] less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted]points.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2023-07-05): Client elects to waive. Comp factors: Fico = [redacted]; Residual Income = [redacted]; SE > [redacted]years

07/05/2023

2

C

B

C

B

C

B

C

B

C

B

IN

Investment

Purchase

D

B

D

B

A

A

A

A

N/A

N/A

No

223812603

xx

xx

xx

xx

Credit

Asset

Asset Documentation

Asset

Guideline Issue:Insufficient asset documentation.

-

The file was missing required asset verification.  Per guidelines, assets to be used for down payment, closing costs, debt payoff, and reserves must be seasoned for [redacted]days or sourced. Lender to provide additional statement.

Borrower has been employed in the same industry for more than [redacted] years. Borrower has verified disposable income of at least $[redacted]. Borrower has worked in the same position for more than [redacted] years. The qualifying DTI on the loan is at least [redacted] less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [redacted]points.

SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC

Reviewer Comment (2023-07-05): Client elects to waive. Comp factors: Fico = [redacted]; Residual Income = [redacted]; SE > [redacted] years

07/05/2023

2

C

B

C

B

C

B

C

B

C

B

IN

Investment

Purchase

D

B

D

B

A

A

A

A

N/A

N/A

No

223812603

xx

xx

xx

xx

Credit

Asset

Asset Calculation / Analysis

Asset

Available for Closing is insufficient to cover Cash From Borrower.

Verified liquid assets in the amount of $[redacted]are insufficient to meet cash to close of $[redacted].  Final [redacted] reflects $[redacted]verified, however, asset  documentations provided did not meet guideline requirements.

Reviewer Comment (2023-07-05): XXXXX waived exception for missing CPA letter and [redacted] day seasoning. Exception cleared.

07/05/2023

1

C

A

C

A

C

A

C

A

C

A

IN

Investment

Purchase

D

B

D

B

A

A

A

A

N/A

N/A

No

223812603

xx

xx

xx

xx

Credit

Asset

Asset Calculation / Analysis

Asset

Guideline Requirement: Available for Reserves discrepancy.

Calculated Available for Reserves of $[redacted] is less than Guideline Available for Reserves of $[redacted].

Reviewer Comment (2023-07-05): XXXXX waived exception for missing CPA letter and [redacted] day seasoning. Exception cleared.

07/05/2023

1

C

A

C

A

C

A

C

A

C

A

IN

Investment

Purchase

D

B

D

B

A

A

A

A

N/A

N/A

No

223812606

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

GSE

[redacted] - [redacted]Points and Fees

[redacted] [redacted]% Points and Fees Test.  Points and Fees on subject loan of [redacted]% is in excess of the investor allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted]on a Federal Total Loan Amount of $[redacted] vs. an investor allowable total of $[redacted](an overage of $[redacted]or .[redacted]%).

[redacted] Points and Fees exceed allowable threshold by $[redacted]or .[redacted]%.

10/18/2023

2

B

B

B

B

B

B

B

B

B

B

MI

Primary

Purchase

LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings.

B

B

A

A

B

B

A

A

Non QM

Non QM

Yes

223812609

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TILA-RESPA Integrated Disclosure: application date on or after xx/x/xxxx, no Loan Estimates in the Loan File

TILA-RESPA Integrated Disclosure: Loan Estimate not provided within loan images to evidence delivery to the Borrower(s).  The earliest Closing Disclosure provided in the loan file was used as the estimated baseline for Tolerance Testing.  Depending on the actual values on the initial Loan Estimate, a fee tolerance cure of up to $[redacted]may be required.

Loan estimate not provided.

Reviewer Comment (2022-06-15): XXXXX received the initial LE. Seller Comment (2022-06-13): LE TRID Seller Comment (2022-06-13): Please see the attached Initial LE and TRID history showing proof of delivery and receipt.

06/15/2022

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

No Defined Cure

C

B

A

A

C

B

A

A

Non QM

Non QM

No

223812609

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

GSE

[redacted] [redacted] - [redacted]% Points and Fees

[redacted] [redacted] [redacted]% Points and Fees Test.  Points and Fees on subject loan of [redacted]% is in excess of the investor allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted]on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of $[redacted](an overage of $[redacted]or [redacted]%).

Points and Fees on subject loan of [redacted]% is in excess of the investor allowable maximum of  [redacted]% of the Federal Total Loan Amount. Points and Fees total $[redacted]on a Federal Total Loan Amount of [redacted] vs. an investor allowable total of $[redacted](an overage of $[redacted],[redacted][redacted]or [redacted]%).

Reviewer Comment (2022-06-16): Client elects to waive. Reviewer Comment (2022-06-15): Client to review. Seller Comment (2022-06-13): Disagree - Please note that the [redacted] [redacted] points and fees also known as QM test does not apply to this product type (bank statement) as it is a non-agency loan. Bank Statement loans are not subject to QM or [redacted]and [redacted]high cost testing. They are still required to pass Hoepa and our investors will take [redacted] fails on them as long as all the requirements are met. i.e. (no appraisal wavier, no escrow waiver, and not [redacted]) Our contract states that XXXXX will buy [redacted] as long as all the requirements were met, as they were on this loan.

06/16/2022

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings.

C

B

A

A

C

B

A

A

Non QM

Non QM

Yes

223812609

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Title - Insurance Binder Fee.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

Appraisal Fee was  last disclosed as $[redacted]on Initial Closing Disclosure but disclosed as $[redacted]on Final Closing Disclosure.  File does not contain a valid COC for this fee, nor evidence of cure in file.   Provide a post-close CD disclosing the tolerance cure to include $[redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made.

Reviewer Comment (2022-06-14): XXXXX upon further review received LE hence no further action required. Seller Comment (2022-06-13): CS XX/XX/XX All title fees are not subject to tolerance as the borrower chose a title service provider that was not on the SPL. TRID [redacted] clarified in the Commentary to TILA [redacted] that this is true even if a fee was omitted from the initial LE. Please see attached SPL and final CD. Seller Comment (2022-06-13): CS XX/XX/XX All title fees are not subject to tolerance as the borrower chose a title service provider that was not on the [redacted]. TRID [redacted] clarified in the Commentary to TILA [redacted] that this is true even if a fee was omitted from the initial LE. Please see attached SPL and final CD.

06/14/2022

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

A

A

C

B

A

A

Non QM

Non QM

Yes

223812611

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized.  [redacted] valuation is missing.; Sec ID: [redacted]

The file is missing a copy of the [redacted] valuation required for securitization purposes.

Reviewer Comment (2022-08-17): Received subject property XXXXX Submission summary report where UW risk score is [redacted]so [redacted] valuation not a requirement updated the details. Exception Cleared Seller Comment (2022-08-16): Please see the SSR Report. The Collateral UW Risk Score is [redacted]. A XXXXX will not be required.

08/17/2022

1

D

A

D

A

D

A

D

A

D

A

MA

Primary

Refinance - Cash-out - Other

D

B

C

A

B

B

D

A

Non QM

Non QM

No

223812611

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Calculated Available for Reserves of  is less than Guideline Available for Reserves of  [redacted]months

Reviewer Comment (2022-08-24): Received XXXXX Retirement account statements for borrower XXXXX account# XXXXX updated the details, available assets are sufficient for PITIA Reserves. Exception Cleared Seller Comment (2022-08-23): Please see additional assets. The borrower has a retirement account with sufficient amount of funds. Reviewer Comment (2022-08-19): Only $XXXXX has been verified for assets. No additional asset documentation has been provided. Exception remains. Seller Comment (2022-08-18): There is verified assets of $XXXXX. Which is sufficient enough. Please advise. Reviewer Comment (2022-08-17): Received Borrower assets statements updated the same, available assets are insufficient for PITIA months reserves, verified PITIA months are [redacted] and per guideline PITIA months reserves of [redacted], Please provide additional assets to meet the PITIA reserves requirement. Exception Remains Seller Comment (2022-08-16): Please see the bank statements.

08/24/2022

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Refinance - Cash-out - Other

D

B

C

A

B

B

D

A

Non QM

Non QM

No

223812611

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State HPML

[redacted] HPML Threshold Test Compliant

XXXXX Higher-Priced Mortgage Loan: APR on subject loan of XXXX% or Final Disclosure APR of XXXXX% is in excess of allowable threshold of APOR [redacted]% + [redacted]%, or [redacted]% Compliant Higher Priced Loan.

[redacted] Higher-Priced Mortgage Loan: APR on subject loan of XXXXX% or Final Disclosure APR of XXXXX% is in excess of allowable threshold [redacted]% + [redacted]%, or [redacted]% Compliant Higher Priced Loan.

Reviewer Comment (2022-08-18): Client elects to waive. Seller Comment (2022-08-18): What is being required ? What is our curative options? Reviewer Comment (2022-08-17): Client to review. Seller Comment (2022-08-16): Please see compliance report. Loan passed compliance.

08/18/2022

2

B

B

B

B

B

B

B

B

B

B

MA

Primary

Refinance - Cash-out - Other

No obvious cure

D

B

C

A

B

B

D

A

Non QM

Non QM

No

223812611

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Missing

RESPA Disclosure Rule (Dodd-Frank [redacted]): Creditor did not provide List of Homeownership Counseling Organizations to borrower.

Reviewer Comment (2022-08-19): Received List of Homeownership Counselling disclosure dated XX/XX/XX updated the details. Exception Cleared Seller Comment (2022-08-18): Please see Homeownership Counseling Organization List.

08/19/2022

1

A

A

A

A

A

MA

Primary

Refinance - Cash-out - Other

D

B

C

A

B

B

D

A

Non QM

Non QM

No

223812612

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Federal HPML

TIL Higher Priced Mortgage Loan Safe Harbor Test

TILA HPML appraisal Rule (Dodd-Frank XXXXX): Safe Harbor requirements not satisfied.

Reviewer Comment (2022-01-03): Client elects to waive.

01/03/2022

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

A

A

B

B

A

A

Non QM

Non QM

No

223812613

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

(Doc Error) RTC Error:  Right to Cancel expiration date is blank.

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

Reviewer Comment (2018-12-31): [redacted] received an attestation for RTC form does not have a place for an expiration date.  Borrower signed and loan funded after xrd business day.

12/31/2018

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

D

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812613

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Reviewer Comment (2019-01-07): Rec'd Final CD in trailing docs. Buyer Comment (2019-01-02): see comment on duplicate reserve cond. Reviewer Comment (2019-01-02): Nothing uploaded

01/07/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

D

B

C

A

C

B

C

A

Non QM

Non QM

No

223812613

xx

xx

xx

xx

Credit

Guideline

Guideline Issue

Guideline

PITIA months reserves is less than [redacted]months and below guideline minimum requirements.

Reviewer Comment (2019-01-07): Rec'd Final CD in trailing docs. Buyer Comment (2019-01-02): please see final CD, borrower received cash back from transaction for reserves. Reviewer Comment (2019-01-02): Nothing uploaded

01/07/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

D

B

C

A

C

B

C

A

Non QM

Non QM

No

223812613

xx

xx

xx

xx

Credit

Asset

Asset Calculation / Analysis

Asset

Available for Closing is insufficient to cover Cash From Borrower.

Reviewer Comment (2019-01-07): Rec'd Final CD in trailing docs. Reviewer Comment (2019-01-02): Nothing uploaded

01/07/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

D

B

C

A

C

B

C

A

Non QM

Non QM

No

223812613

xx

xx

xx

xx

Property

Appraisal Reconciliation

Value Discrepancy

Appraisal Reconciliation

Loan is to go in a securitization and reflects only [redacted] valuation product when [redacted] are required.

Reviewer Comment (2019-01-07): Re-opened as EVx

01/07/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

D

B

C

A

C

B

C

A

Non QM

Non QM

No

223812613

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

(TXxx(a)(x)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Properly Executed by all persons vested on title)

[redacted] Constitution Section xx([redacted]: Acknowledgment of the Fair Market Value not properly executed.

Reviewer Comment (2018-12-31): cleared

12/31/2018

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents and obtain an executed copy; OR, (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.  Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required.

D

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812613

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

(TXxx(a)(x)) Texas Cash-out Loan  (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender)

[redacted] Constitution Section xx[redacted]: Acknowledgment of the Fair Market Value not properly executed by the Lender.

Reviewer Comment (2018-12-31): cleared

12/31/2018

1

C

A

C

A

C

A

C

A

D

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required.

D

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812613

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

(TXxx(a)(x)) Texas Cash-out Loan  (Itemization of Points and Fees Not Provided)

[redacted] Constitution Section xx[redacted]: Final Itemized disclosure of fees, points, costs and charges not provided to borrower.

Reviewer Comment (2019-01-02): Rec'd CD signed and rec'd by borrower on xx/xx/xxxx Reviewer Comment (2019-01-02): Nothing uploaded

01/02/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

Refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree.

D

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812613

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Prior to Closing Timing

TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower at least [redacted] (x) days prior to consummation for a loan that did not start as an ARM.

Reviewer Comment (2018-12-31): ARM disclosure received.

12/31/2018

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

D

B

C

A

C

B

C

A

Non QM

Non QM

No

223812613

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date

Unable to test RTC expiration date due to missing information.

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

Reviewer Comment (2018-12-31): [redacted] received an attestation for RTC form does not have a place for an expiration date.  Borrower signed and loan funded after xrd business day. Reviewer Comment (2018-12-27): Under xxxx.xx(b)(x), "The notice shall be on a separate document that identifies the transaction and shall clearly and conspicuously disclose the following:  The retention or acquisition of a security interest in the consumer's principal dwelling. (ii) The consumer's right to rescind the transaction. (iii) How to exercise the right to rescind, with a form for that purpose, designating the address of the creditor's place of business. (iv) The effects of rescission, as described in paragraph (d) of this section. (v) The date the rescission period expires."

12/31/2018

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

D

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812613

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Final Closing Disclosure Total Interest Percentage

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on xx/xx/xxxx disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Final/xx/xx/xxxx)

The amounts do not match.

Reviewer Comment (2019-01-07): Letter of Explanation & Corrected Closing Disclosure provided Reviewer Comment (2018-12-31): Final CD TIP = xxx.xxx / Calculated TIP = xxx.xxx.  Did not receive any documentation for a cure.  A Corrected CD and LOE are required.

01/07/2019

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Cash-out - Debt Consolidation

Letter of Explanation & Corrected Closing Disclosure

D

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812613

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits

TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on xx/xx/xxxx disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/xx/xx/xxxx)

An amount was not disclosed.

Reviewer Comment (2018-12-31): [redacted] received

12/31/2018

1

B

A

B

A

B

A

B

A

B

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

Letter of Explanation & Corrected Closing Disclosure

D

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812613

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $x,xxx.xx exceeds tolerance of $x.xx.  Insufficient or no cure was provided to the borrower. (xxxx)

Lender did not provide a cure for the fee violation.  There is no valid changed circumstance document in the file for the program change from fixed rate to an ARM loan with the addition of a discount fee.

Reviewer Comment (2018-12-31): [redacted] received

12/31/2018

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

D

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812613

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

Borrower: [Redacted]

Missing documentation showing co-borrower's business was in existence within [redacted] days of closing.

Reviewer Comment (2019-01-02): Rec'd Reviewer Comment (2019-01-02): Nothing uploaded

01/02/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

D

B

C

A

C

B

C

A

Non QM

Non QM

No

223812613

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

CHARM Booklet Disclosure Status

TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.

Reviewer Comment (2018-12-31): [redacted] booklet received.

12/31/2018

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

No Defined Cure

D

B

C

A

C

B

C

A

Non QM

Non QM

No

223812613

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Final Closing Disclosure Closing Date

TILA-RESPA Integrated Disclosure - General Information: Final Closing Disclosure provided on xx/xx/xxxx disclosed a Closing Date that did not match the actual date of consummation. (Final/xx/xx/xxxx)

PC-CD cures exception with LOE.  Duplicate exception

Reviewer Comment (2019-01-07): PC-CD cures exception with LOE.  Duplicate exception

01/07/2019

1

A

A

A

A

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

Letter of Explanation & Corrected Closing Disclosure

D

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812613

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Final Closing Disclosure Total Interest Percentage

TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on xx/xx/xxxx disclosed a Total Interest Percentage that does not match the actual total interest percentage for the loan. (Final/xx/xx/xxxx)

PC-CD cures exception with LOE.  Duplicate exception

Reviewer Comment (2019-01-07): PC-CD cures exception with LOE.  Duplicate exception

01/07/2019

2

B

B

B

B

B

TX

Primary

Refinance - Cash-out - Debt Consolidation

Letter of Explanation & Corrected Closing Disclosure

D

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812613

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA -  Initial Escrow Account statement Inaccurate

RESPA: Initial escrow account statement does not match charges on HUD-x/Final Closing Disclosure.

Buyer Comment (2019-01-08): [redacted] accepts

01/08/2019

2

B

B

B

B

B

TX

Primary

Refinance - Cash-out - Debt Consolidation

If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required.

D

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812613

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Defect

(TXxx(a)(x)) Texas Cash-out Loan  (Points and Fees Exceeds x% of Original Principal Balance)

[redacted] Constitution Section xx([redacted] Points and fees on subject loan of x.xxxxx% is in excess of the allowable maximum of [redacted]% of the Original Principal Loan Amount. Points and Fees total $x,xxx.xx on an Original Principal Loan Amount of $xxx,xxx.xx vs. an allowable total of $x,xxx.xx (an overage of $xxx.xx or x.xxxxx%.)

Reviewer Comment (2019-01-09): ALTA reflects the same values as the PCCD shows indicating the amounts on the PCCD was what were actually charged to the borrower at closing, before disbursement. [redacted] [redacted] points and fees failure on this loan is cleared.

01/09/2019

1

A

A

A

A

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

Refund the borrower, or credit their account, an amount equal to any overcharge paid by the borrower. (Provide Proof of Delivery, LOE, and Copy of Check. [A servicing screen print can be provided in place of a check when a credit is applied to the borrowers account.])

D

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812613

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Reconciliation

Property - Appraisal

Missing [redacted] valuation product required for securitization.

Reviewer Comment (2019-03-26): Received [redacted]

03/26/2019

1

A

A

A

A

A

TX

Primary

Refinance - Cash-out - Debt Consolidation

D

B

C

A

C

B

C

A

Non QM

Non QM

No

223812614

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: Investor qualifying total debt ratio discrepancy.

Lender Exception is in the file for DTI up to [redacted]% as it will be allowed on upcoming guideline change.  However, DTI of  [Redacted]  % exceeds the [redacted]% DTI that was approved.

Reviewer Comment (2019-02-14): Updated student loan debt to reflect [redacted] monthly payment under income driven repayment plan. Buyer Comment (2019-02-14): see [redacted] upload titled statement Buyer Comment (2019-02-14): per uw - Please upload attached student loan statement and provide comments to   [Redacted] : See attached Income-driven payment plan to qualify with $[redacted] payment per [redacted] section of guides. this should address all DTxx/xxTR conditions.

02/14/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812614

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Federal HPML

Federal HPML [redacted] Non Compliant

Federal Higher-Priced Mortgage Loan: APR on subject loan of [redacted]% or Final Disclosure APR of [redacted]% is in excess of allowable threshold of APOR [redacted]% + [redacted]%, or [redacted]%.  Non-Compliant Higher Priced Mortgage Loan.

Reviewer Comment (2019-02-14): No prior property sales in last [redacted] months

02/14/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812614

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR Risk

Non QM Loan

Reviewer Comment (2019-02-26): Exception approval with compensating factors provided. Reviewer Comment (2019-02-26): Updated from: Ability to Repay ([redacted]): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. Reviewer Comment (2019-02-20): Rec'd same Lender exception form reflecting invalid comp factors; Borrower does not have VOR - no housing history and borrower does not have [redacted]  residual income; please provide lender exception approval form with valid comp factors. Reviewer Comment (2019-02-19): Rec'd financial statements for student loan debt; monthly payment has been updated to [redacted] and DTI still exceeds   [Redacted]  guideline max.  Lender exception approval does not reflect valid comp factors; no VOR and borrower has only  [Redacted]  residual income. Calculated DTI is   [Redacted] . Reviewer Comment (2019-02-14): exception is valid Reviewer Comment (2019-02-14): Updated student loan debt to reflect [redacted] monthly payment under income driven repayment plan.

02/26/2019

1

A

A

C

A

B

A

C

A

A

A

TX

Primary

Purchase

Lender to provide updated ATR/QM Loan Designation

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223812614

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

DTI exceeds [redacted]%.

Reviewer Comment (2019-02-26): Exception approval with compensating factors provided. Reviewer Comment (2019-02-26): Updated from: Ability to Repay ([redacted]): Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk. Reviewer Comment (2019-02-20): Rec'd same Lender exception form reflecting invalid comp factors; Borrower does not have VOR - no housing history and borrower does not have [redacted] residual income; please provide lender exception approval form with valid comp factors. Reviewer Comment (2019-02-19): Rec'd financial statements for student loan debt; monthly payment has been updated to [redacted]  and DTI still exceeds   [Redacted]  guideline max.  Lender exception approval does not reflect valid comp factors; no VOR and borrower has only  [Redacted]  residual income. Calculated DTI is   [Redacted] . Reviewer Comment (2019-02-14): Exception is valid Reviewer Comment (2019-02-14): Updated student loan debt to reflect [redacted] monthly payment under income driven repayment plan.

02/26/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812614

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines

Ability to Repay (Dodd-Frank [redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of   [Redacted]  % moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.)

Guideline variance approved by lender at time of origination

Aggregator

Reviewer Comment (2019-02-26): Exception approval with compensating factors provided. Reviewer Comment (2019-02-26): Updated from: Ability to Repay ([redacted]): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of   [Redacted] % moderately exceeds the guideline maximum of [redacted]. (DTI Exception is eligible to be regraded with compensating factors.) Reviewer Comment (2019-02-20): Rec'd same Lender exception form reflecting invalid comp factors; Borrower does not have VOR - no housing history and borrower does not have [redacted] residual income; please provide lender exception approval form with valid comp factors. Reviewer Comment (2019-02-19): Rec'd financial statements for student loan debt; monthly payment has been updated to [redacted] and DTI still exceeds   [Redacted] % guideline max.  Lender exception approval does not reflect valid comp factors; no VOR and borrower has only $  [Redacted]  residual income.  Calculated DTI is  [Redacted] %. Reviewer Comment (2019-02-14): DTI of   [Redacted]  exceeds max of [redacted] and lender exception approval does not reflect valid comp factors. Reviewer Comment (2019-02-14): Updated student loan debt to reflect [redacted] monthly payment under income driven repayment plan.

02/26/2019

2

C

B

C

B

C

B

C

B

C

B

TX

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812614

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Closing Disclosure Lump Sum Allocation

Lump sum lender/seller credit disclosed on Closing Disclosure applied to offset non-finance charges [redacted], then finance charges pursuant to client's election as permitted under   [Redacted]  .  Anti-predatory lending points and fees testing are not impacted.

Buyer Comment (2019-02-14): [Redacted]  accepts

02/14/2019

1

B

A

B

A

B

A

B

A

B

A

TX

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812614

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Final Closing Disclosure Assumption

TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on xxxx/xxxxcorrectly disclosed whether the loan allows for Assumption. (Finxxxx/xxxx)

The note contains language stating the loan is assumable.  The final CD incorrectly states the loan is not assumable.

Reviewer Comment (2019-02-19): Letter of Explanation & Corrected Closing Disclosure provided.

02/19/2019

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223812614

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Escrowed Property Costs Year [redacted]

TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year [redacted]of [redacted]on Final Closing Disclosure provided on xxxx/xxxxt accurate. (Finxxxx/xxxx)

The correct amount for Escrowed Property Costs Year [redacted] is $[redacted].

Reviewer Comment (2019-02-15): [Redacted]  received updated HOI. Exception Cleared.

02/15/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223812614

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Estimated Escrow Payment

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on xxxx/xxxxsclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan. (ProjSeq:[redacted]/[redacted])

Insurance information in the file shows the annual premium amount of $[redacted].  The escrow reserve for insurance is calculated using a premium of $[redacted].

Reviewer Comment (2019-02-15): [Redacted]  received updated HOI. Exception Cleared.

02/15/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223812614

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Estimated Escrow Payment

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on xxxx/xxxxsclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan. (ProjSeq:[redacted]/[redacted])

Insurance information in the file shows the annual premium amount of $[redacted].  The escrow reserve for insurance is calculated using a premium of $[redacted].

Reviewer Comment (2019-02-15): [Redacted]  received updated HOI. Exception Cleared.

02/15/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223812614

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Estimated Escrow Payment

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on xxxx/xxxxsclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan. (ProjSeq:[redacted]/[redacted])

Insurance information in the file shows the annual premium amount of $[redacted].  The escrow reserve for insurance is calculated using a premium of $[redacted].

Reviewer Comment (2019-02-15): [Redacted]  received updated HOI. Exception Cleared.

02/15/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223812614

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Estimated Escrow Payment

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on xxxx/xxxxsclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan. (ProjSeq:[redacted]/[redacted])

Insurance information in the file shows the annual premium amount of $[redacted].  The escrow reserve for insurance is calculated using a premium of $[redacted].

Reviewer Comment (2019-02-15): [Redacted]  received updated HOI. Exception Cleared.

02/15/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223812614

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Estimated Total Minimum Payment Adjustable Rate

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on xxxx/xxxxsclosed an Estimated Total Monthly Payment for payment stream [redacted] that does not match the actual total payment for the loan. (ProjSeq:[redacted]/[redacted])

Insurance information in the file shows the annual premium amount of $[redacted].  The escrow reserve for insurance is calculated using a premium of $[redacted].

Reviewer Comment (2019-02-15): [Redacted]  received updated HOI. Exception Cleared.

02/15/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

B

C

B

C

B

A

A

Non QM

Non QM

Yes

223812614

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: PITIA reserves months discrepancy.

Reviewer Comment (2019-02-14): Rec'd proof of gift funds and updated asset account statement

02/14/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812614

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Missing the Credit Report Comparison within [redacted] days of closing.

Reviewer Comment (2019-02-14): Preclose monitoring report in file dated xx/xx/xxxx

02/14/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812614

xx

xx

xx

xx

Credit

Guideline

Guideline Issue

Guideline

PITIA months reserves is less than [redacted] months and below guideline minimum requirements.

Reviewer Comment (2019-02-14): Rec'd proof of gift funds and updated asset account statement Buyer Comment (2019-02-14): per uw - Please upload gift documentation for $  [Redacted] gift as well as updated balance for   [Redacted]

02/14/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812614

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

[Redacted]  nas

Missing documentation that the business (self-employment) has been in existence for [redacted] years.

Reviewer Comment (2019-02-14): Rec'd verification

02/14/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812614

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Federal HPML

(Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Flipped Property - Did Not Obtain x Appraisals)

TILA HPML Appraisal Rule  (Dodd-Frank [redacted]): Flipped Property - Creditor did not obtain [redacted] [redacted]written appraisals.

No evidence this is a flip. There was a transfer of the subject property xxxx/xxxxdeed records but the transaction was not listed with the [redacted] and the purpose of the transfer is not known.  The Price of the Prior Sale/Transfer is $[redacted]

Reviewer Comment (2019-02-14): No prior property sales in last [redacted] months

02/14/2019

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812614

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: Investor qualifying total debt ratio discrepancy.

Calculated investor qualifying total debt ratio of ___ exceeds Guideline total debt ratio of ___.

DTI exceeds max of [redacted]%; Lender exception approval provided for to DTI to [redacted]with comp factors: $  [Redacted]   residual income; consumer debt paid as agreed [redacted]months and VOR [redacted]; Comp factors not valid;  Residual income of $  [Redacted]  and no VOR - borrower lives rent free per LOE in file.

Guideline variance approved by lender at time of origination

Aggregator

Reviewer Comment (2019-02-26): Exception approval with compensating factors provided. Reviewer Comment (2019-02-20): Rec'd same Lender exception form reflecting invalid comp factors; Borrower does not have VOR - no housing history and borrower does not have [redacted] residual income; please provide lender exception approval form with valid comp factors. Reviewer Comment (2019-02-19): Rec'd financial statements for student loan debt; monthly payment has been updated to [redacted] and DTI still exceeds   [Redacted] % guideline max.  Lender exception approval does not reflect valid comp factors; no VOR and borrower has only $  [Redacted] residual income. Calculated DTI is  [Redacted] %.

02/26/2019

2

B

B

B

B

B

TX

Primary

Purchase

C

B

C

B

C

B

A

A

Non QM

Non QM

No

223812615

xx

xx

xx

xx

Credit

Title

General

Title

Title Policy Coverage is less than Original Loan Amount.

Reviewer Comment (2019-02-07): Rec'd Short Form Final policy in trailing docs.

02/07/2019

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Refinance - Rate/Term

C

B

C

A

C

B

C

A

Non QM

Non QM

No

223812615

xx

xx

xx

xx

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Title

Title Policy is Preliminary or Commitment, and not a Final Title Policy.

Reviewer Comment (2019-02-07): Rec'd Short Form Final policy in trailing docs.

02/07/2019

1

A

A

A

A

A

A

A

A

A

A

MA

Primary

Refinance - Rate/Term

C

B

C

A

C

B

C

A

Non QM

Non QM

No

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA -  Initial Escrow Account Statement Missing

RESPA: Initial escrow account statement was not provided to the borrower.

Reviewer Comment (2019-02-08): Rec'd disclosure.

02/08/2019

1

B

A

B

A

B

A

B

A

B

A

MA

Primary

Refinance - Rate/Term

C

B

C

A

C

B

C

A

Non QM

Non QM

No

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Missing

RESPA Disclosure Rule (Dodd-Frank [redacted]): Creditor did not provide List of Homeownership Counseling Organizations to borrower.

Reviewer Comment (2019-02-08): Rec'd disclosure.

02/08/2019

1

B

A

B

A

B

A

B

A

B

A

MA

Primary

Refinance - Rate/Term

C

B

C

A

C

B

C

A

Non QM

Non QM

No

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

Truth in Lending Act: Notice of Right to Cancel was not provided.

Reviewer Comment (2019-02-07): Rec'd RTC Buyer Comment (2019-02-07): nortc uploaded

02/07/2019

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Refinance - Rate/Term

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Esign Consent Agreement Status

ESIGN Act - Missing esign consent.  TRID disclosures provided electronically will not be used to set or rebaseline fees for tolerance purposes.  Disclosures sent electronically may result in a fee tolerance violation of up to $[Redacted]and disclosure timing violations.

Borrowers e-consent not found in file.

Reviewer Comment (2019-02-07): Rec'd e-consent

02/07/2019

1

B

A

B

A

B

A

B

A

B

A

MA

Primary

Refinance - Rate/Term

No Defined Cure

C

B

C

A

C

B

C

A

Non QM

Non QM

No

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Final Closing Disclosure Homeowner's Insurance Premium Months

TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on xxxx/xxxxsclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Finxxxx/xxxx)

ERRONEOUS: Rounding from [Redacted]to [Redacted]months

Reviewer Comment (2019-02-12): [Redacted]  received required documents, exception is cleared.

02/12/2019

1

B

A

B

A

B

A

B

A

B

A

MA

Primary

Refinance - Rate/Term

Letter of Explanation & Corrected Closing Disclosure

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Final Closing Disclosure Without Seller - Closing Costs Financed

TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on xxxx/xxxxsclosed Closing Costs Financed that does not match actual amount of closing costs financed. (Finxxxx/xxxx)

No change in circumstance provided to clear this

Buyer Comment (2019-02-07): [Redacted]  accepts

02/07/2019

2

B

B

B

B

B

B

B

B

B

B

MA

Primary

Refinance - Rate/Term

Letter of Explanation & Corrected Closing Disclosure

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits

TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on xxxx/xxxxsclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Finxxxx/xxxx)

No change in circumstance provided to clear this

Buyer Comment (2019-02-08): [Redacted]  accepts

02/08/2019

2

B

B

B

B

B

B

B

B

B

B

MA

Primary

Refinance - Rate/Term

Letter of Explanation & Corrected Closing Disclosure

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Settlement Service Provider Status

TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers.

Not Provided

Reviewer Comment (2019-02-08): [Redacted]  received SSPL dated xx/xx/xxxx. Exception Cleared.

02/08/2019

1

B

A

B

A

B

A

B

A

B

A

MA

Primary

Refinance - Rate/Term

No Defined Cure

C

B

C

A

C

B

C

A

Non QM

Non QM

No

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of [redacted] exceeds tolerance of [redacted] plus [redacted] or [redacted]  Insufficient or no cure was provided to the borrower. ([redacted])

No change in circumstance provided to clear this

Reviewer Comment (2019-02-07): Rec'd e-consent

02/07/2019

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of[redacted].  Insufficient or no cure was provided to the borrower. ([redacted])

No change in circumstance provided to clear this

Reviewer Comment (2019-02-19): Change of circumstance provided - rate lock Reviewer Comment (2019-02-12): [Redacted]  requires Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD, or valid changed circumstance in order to address the exception.

02/19/2019

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Underwriting Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. ([redacted])

Borrowers e-consent not found in file.

Reviewer Comment (2019-02-07): Rec'd e-consent

02/07/2019

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Origination Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. ([redacted])

Borrowers e-consent not found in file.

Reviewer Comment (2019-02-07): Rec'd e-consent Buyer Comment (2019-02-07): E-consent sent.   It should clear several conditions...I only uploaded to this one, please clear all

02/07/2019

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted]  Percent Fee Tolerance exceeded for Processing Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. ([redacted])

Borrowers e-consent not found in file.

Reviewer Comment (2019-02-07): Rec'd e-consent

02/07/2019

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. ([redacted])

No change in circumstance provided to clear this

Reviewer Comment (2019-02-19): $[Redacted]  cure provided to borrower at close Reviewer Comment (2019-02-12): [Redacted]  requires Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD, or valid changed circumstance in order to address the exception.

02/19/2019

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. ([redacted])

No change in circumstance provided to clear this

Reviewer Comment (2019-02-19): $[Redacted] cure provided to borrower at close Reviewer Comment (2019-02-12): [Redacted]  requires Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD, or valid changed circumstance in order to address the exception.

02/19/2019

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Credit Report Fee.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. ([redacted])

Borrowers e-consent not found in file.

Reviewer Comment (2019-02-07): Rec'd e-consent

02/07/2019

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

[Redacted]

Missing verification of existence of business within [redacted] days of the Note date

Reviewer Comment (2019-02-19): Rec'd [Redacted] rd party required verification in trailing docs. Reviewer Comment (2019-02-08): Rec'd Processor VVOE.  Missing independent verification of the business verified through a disinterested third party ([Redacted] , regulatory agency, licensing bureau or verification of a phone and address listing using the internet) within [Redacted]  calendar days of closing.

02/19/2019

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Refinance - Rate/Term

C

B

C

A

C

B

C

A

Non QM

Non QM

No

223812615

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State HPML

XXXXX HPML Threshold Test Compliant

[redacted]: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR  + [redacted], or [redacted] [redacted].

Buyer Comment (2019-02-08): [Redacted]  accepts

02/08/2019

2

B

B

B

B

B

B

B

B

B

B

MA

Primary

Refinance - Rate/Term

No obvious cure

C

B

C

A

C

B

C

A

Non QM

Non QM

No

223812615

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Reconciliation

Property - Appraisal

Missing [redacted] valuation product required for securitization.

Reviewer Comment (2019-06-28): received CDA

06/28/2019

1

C

A

C

A

C

A

C

A

C

A

MA

Primary

Refinance - Rate/Term

C

B

C

A

C

B

C

A

Non QM

Non QM

No

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Escrowed Property Costs Year [redacted] -  [redacted] [redacted]

TILA-RESPA Integrated Disclosure - Loan Disclosures: Amount of Escrowed Property Costs over Year [redacted] of [redacted] on Final Closing Disclosure provided on xxxx/xxxxt accurate. (Finxxxx/xxxx)

New hazard binder provided.

Reviewer Comment (2019-02-12): [Redacted]  received required documents, exception is cleared.

02/12/2019

1

A

A

A

A

A

MA

Primary

Refinance - Rate/Term

Letter of Explanation & Corrected Closing Disclosure

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Estimated Escrow Payment

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on xxxx/xxxxsclosed an escrow payment for payment stream [redacted] that does not match the actual payment for the loan. (ProjSeq:[redacted])

New hazard binder provided.

Reviewer Comment (2019-02-12): [Redacted]  received required documents, exception is cleared.

02/12/2019

1

A

A

A

A

A

MA

Primary

Refinance - Rate/Term

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Estimated Total Minimum Payment Fixed Rate

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on xxxx/xxxxsclosed an Estimated Total Monthly Payment for payment stream [redacted] that does not match the actual total payment for the loan. (ProjSeq:[redacted])

New hazard binder provided.

Reviewer Comment (2019-02-12): [Redacted]  received required documents, exception is cleared.

02/12/2019

1

A

A

A

A

A

MA

Primary

Refinance - Rate/Term

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Credit

Insurance

Insurance Analysis

Insurance

Hazard Insurance policy does not list "Lender its successors and assigns", per guideline requirements.

HOI policy effective xxxx/[redacted]with annual premium of [redacted]reflects Lender only; all other policies in file are previous policies.

Reviewer Comment (2019-03-12): Received revised dec page Reviewer Comment (2019-02-19): Rec'd copy of previous policy effective on[Redacted] and a copy of policy with other insurance company effective [Redacted] that was not used at closing; please provide updated policy information for policy effective on [Redacted]  with an annual premium of $[Redacted] Policy used on Final CD issued through   [Redacted]

03/12/2019

1

A

A

A

A

A

MA

Primary

Refinance - Rate/Term

C

B

C

A

C

B

C

A

Non QM

Non QM

No

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. ([redacted])

$[redacted] ccure provided to borrower at close

02/19/2019

1

A

A

A

A

A

MA

Primary

Refinance - Rate/Term

Final CD evidences Cure

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812615

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing. ([redacted])

[redacted] cure provided to borrower at close

02/19/2019

1

A

A

A

A

A

MA

Primary

Refinance - Rate/Term

Final CD evidences Cure

C

B

C

A

C

B

C

A

Non QM

Non QM

Yes

223812616

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

The field review is not dated or signed by the appraiser (page [redacted]).

Reviewer Comment (2019-03-26): Cleared following additional review. Buyer Comment (2019-03-26): sect. [Redacted] of the appraisal states to only complete section II IF the answer is NO, the answer was YES. Section II NOT NEEDED. Reviewer Comment (2019-03-20): Issue remains EV[Redacted]  for completed page [Redacted]  (Review Appraiser's Opinion of Market Value) indicating whether review is based on an interior or exterior only review and reviewer's signature in the Review Appraiser section of report

03/26/2019

1

C

A

C

A

C

A

C

A

C

A

NV

Primary

Purchase

C

A

C

A

B

A

A

A

Non QM

Non QM

No

223812616

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

Missing seller's CD.

Reviewer Comment (2019-03-26): Cleared following additional review. Buyer Comment (2019-03-26): PER SELLER: it is not required for the borrower and seller to have [Redacted]  different CDs. Please clear this. Reviewer Comment (2019-03-20): Received Estimated ALTA Settlement Statement - Combined (D[Redacted] ).  Issue remains EV[Redacted]  for final Seller Closing Disclosure on Closing Disclosure form

03/26/2019

1

C

A

C

A

C

A

C

A

C

A

NV

Primary

Purchase

C

A

C

A

B

A

A

A

Non QM

Non QM

No

223812616

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Final Closing Disclosure Negative Fees

TRID-RESPA Integrated Disclosure - Final Closing Disclosure provided on xxxx/xxxxsclosed a negative fee amount.

The final CD reflects negative fee amounts paid by seller.

Reviewer Comment (2019-03-21): Upon further review, the exception is cleared. Buyer Comment (2019-03-20): PER SELLER: We would like to contest, the negative that is being referred to is a seller paid Owners Title Policy.  Sellers fees are allowed to be negative. It is a simultaneous issue policy for the Lendxx/xxners.

03/21/2019

1

B

A

B

A

B

A

B

A

B

A

NV

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

C

A

C

A

B

A

A

A

Non QM

Non QM

Yes

223812616

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Field Review Fee.  Fee Amount of [redacted]exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing.

03/11/2019

1

A

A

A

A

A

A

A

A

A

A

NV

Primary

Purchase

Final CD evidences Cure

C

A

C

A

B

A

A

A

Non QM

Non QM

Yes

223812618

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Final Closing Disclosure Fee Acronyms or Abbreviations

TILA-RESPA Integrated Disclosure: Final Closing Disclosure provided on xxxx/xxxxed abbreviated fees or fees listed as an acronym that are not reasonably understood by the consumer.

Final CD includes the acronym [redacted].

Reviewer Comment (2019-05-16): Letter of Explanation & Corrected Closing Disclosure provided Reviewer Comment (2019-05-14): Unable to address exception.  PCCD included the Title - TEIFF fee.  PCCD required with fee name clear to layman. PCCD, LOE required in order to address the exception. Reviewer Comment (2019-05-10): Corrected Closing Disclosure received.  Please provide Letter of Explanation to borrower detailing the changes to cure.

05/16/2019

2

B

B

B

B

B

B

B

B

B

B

IN

Primary

Refinance - Rate/Term

Letter of Explanation & Corrected Closing Disclosure

C

B

A

A

C

B

A

A

Non QM

Non QM

Yes

223812618

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Final Closing Disclosure Homeowner's Insurance Premium Months

TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on xxxx/xxxxd not disclose number of months for homeowner's insurance under Prepaids.

Number of months of Homeowner's Insurance not reported on Final CD.

Reviewer Comment (2019-05-14): (REDACTED) received Letter of Explanation & Corrected Closing Disclosure. Buyer Comment (2019-05-13): please clear to all this applies to. Reviewer Comment (2019-05-10): Corrected Closing Disclosure received.  Please provide Letter of Explanation to borrower detailing the changes to cure.

05/14/2019

2

B

B

B

B

B

B

B

B

B

B

IN

Primary

Refinance - Rate/Term

Letter of Explanation & Corrected Closing Disclosure

C

B

A

A

C

B

A

A

Non QM

Non QM

Yes

223812618

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Final Closing Disclosure Prepaid Property Tax Months

TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on xxxx/xxxxd not disclose number of months for Property Tax under Prepaids.

Number of months Property Tax not reported on Final CD.

Reviewer Comment (2019-05-14): (REDACTED) received Letter of Explanation & Corrected Closing Disclosure. Reviewer Comment (2019-05-10): Corrected Closing Disclosure received.  Please provide Letter of Explanation to borrower detailing the changes to cure.

05/14/2019

2

B

B

B

B

B

B

B

B

B

B

IN

Primary

Refinance - Rate/Term

Letter of Explanation & Corrected Closing Disclosure

C

B

A

A

C

B

A

A

Non QM

Non QM

Yes

223812618

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Final Closing Disclosure With Seller - Total Closing Costs Exceeds Limits

TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on xxxx/xxxxsclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit.

Amount over the legal limit not disclosed on Final CD.

Reviewer Comment (2019-05-14): (REDACTED) received required documents, exception is cleared. Reviewer Comment (2019-05-10): Change of circumstance not in the loan file for the loan amount increase to $[Redacted]  on the Initial CD issued [Redacted]

05/14/2019

1

B

A

B

A

B

A

B

A

B

A

IN

Primary

Refinance - Rate/Term

Letter of Explanation & Corrected Closing Disclosure

C

B

A

A

C

B

A

A

Non QM

Non QM

Yes

223812618

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower.

Per Final CD, Points are $[redacted].

Reviewer Comment (2019-05-14): (REDACTED) received required documents, exception is cleared. Reviewer Comment (2019-05-10): Change of circumstance not in the loan file for the loan amount increase to $[Redacted]  on the Initial CD issued [Redacted]

05/14/2019

1

C

A

C

A

C

A

C

A

C

A

IN

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

A

A

C

B

A

A

Non QM

Non QM

Yes

223812619

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

Missing verification of the borrower's [redacted] ownership of the business via a CPA letter, Operating Agreement, or equivalent.

Reviewer Comment (2019-05-31): Received in trailing documents Buyer Comment (2019-05-31): Attached, please find written confirmation from the CPA, confirming the Borrower is [Redacted] % (redacted) of Business. Please review and clear this condition. Thank you! Reviewer Comment (2019-05-17): The documentation provided does not provide (redacted) interest. Buyer Comment (2019-05-17): Attached, please find the business (redacted) documents. Please review and clear this condition. Thank you!

05/31/2019

1

C

A

C

A

C

A

C

A

C

A

NJ

Investment

Refinance - Cash-out - Other

C

B

C

B

A

A

A

A

N/A

N/A

No

223812619

xx

xx

xx

xx

Credit

Property - Appraisal

Appraisal Adjustments

Property - Appraisal

Excessive site value noted on appraisal without appraiser comments to justify

-

Reviewer Comment (2019-05-22): Land value of  [Redacted] % exceeds  [Redacted] % of the total property value.  Appraiser did comment on this and the appraisal report indicates like-size properties with similar land values are typical and common in the subject's market area. Buyer Comment (2019-05-21): The Underwriter has advised that the appraiser made a comment in relation to the site value being over  [Redacted] %.  His comment is right above the Land Value.  The comps provided support the appraised value as does the CDA in file.  No further comments should be required by the appraiser. Please review and clear this condition. Thank you! Reviewer Comment (2019-05-17): The appraiser needs to comment on excessive site value. Buyer Comment (2019-05-17): Please advise as to what is needed to satisfy this condition. Thank you!

05/22/2019

1

C

A

C

A

C

A

C

A

C

A

NJ

Investment

Refinance - Cash-out - Other

C

B

C

B

A

A

A

A

N/A

N/A

No

223812619

xx

xx

xx

xx

Credit

Credit

Credit Documentation

Guideline

Aged document: Credit Report  is more than [redacted] days prior to the note date.

-

For wholesale loans, credit documentation may not be more than [redacted] days old and the credit report datedxxxx/xxxxs [redacted] days aged at the time of the loan closing onxxxx/xx.

Guideline variance approved by lender at time of origination

Aggregator

Reviewer Comment (2019-05-31): Credit exception approval provided with compensating factors. Reviewer Comment (2019-05-31): Comp factors provided Reviewer Comment (2019-05-30): Exception approval without compensating factors provided. Exception is waived EV3. Buyer Comment (2019-05-29): Attached, please find an Underwriting Exception related to the Credit Report.  Please review and clear this condition. Thank you! Reviewer Comment (2019-05-17): Missing complete credit report, including updated scores, dated within  [Redacted]  days of the loan closing.  The credit refresh does not update scores. Buyer Comment (2019-05-17): Attached, please find the Credit-Refresh report. Please review and clear this condition. Thank you! Reviewer Comment (2019-05-09): Rec'd copy of credit report ordered on [Redacted]  which was  [Redacted]  days old at time of closing and exceeds  [Redacted]  day max allowed by guidelines. Buyer Comment (2019-05-08): Attached, please find the updated Credit Report. Please review and clear this condition. Thank you!

05/31/2019

2

C

B

C

B

C

B

C

B

C

B

NJ

Investment

Refinance - Cash-out - Other

C

B

C

B

A

A

A

A

N/A

N/A

No

223812620

xx

xx

xx

xx

Credit

Credit

Credit Documentation

Missing Document

Missing Document: Credit Report not provided

For Correspondent loans, a gap credit report from at least [redacted] of [redacted] major national credit repositories ([redacted], [redacted], or [redacted]) is required within [redacted] days of closing. In cases where gap report is not received prior to closing, the report may be obtained within [redacted] days of closing.

Reviewer Comment (2019-05-13): Rec'd undisclosed debt notifications report dated  [Redacted] nd  [Redacted] ; No new debt.

05/13/2019

1

D

A

D

A

D

A

D

A

D

A

IL

Investment

Refinance - Rate/Term

D

A

D

A

A

A

A

A

N/A

N/A

No

223812620

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income Docs Missing:

-

Previous employment VVOE not provided; Verification of dates of employment with "  [Redacted] " is required to verify no gaps greater than [redacted] days.

Reviewer Comment (2019-05-16): Received Reviewer Comment (2019-05-15): Guidelines require verification of most recent [Redacted]  years history with no gaps greater than  [Redacted] days in last  [Redacted]  months (verified) and no gaps greater than  [Redacted] days in last  [Redacted] - [Redacted]  months (not verified).  Verification of prior employment start and end dates is required.  Exception remains. Buyer Comment (2019-05-13): (redacted) Reviewer Comment (2019-05-13): Rec'd verification for current employer - Exception is for prior employment for  [Redacted]  year history and verification of no gaps in employment.  Exception remains.

05/16/2019

1

C

A

C

A

C

A

C

A

C

A

IL

Investment

Refinance - Rate/Term

D

A

D

A

A

A

A

A

N/A

N/A

No

223812620

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

Guideline Requirement: Investor qualifying total debt ratio discrepancy.

DTI [redacted] guideline max. Additional rental expense of   [Redacted] monthly resulted in higher DTI.  Qualifying income lower than   [Redacted]  approval of   [Redacted] - YTD income does not support Hourly rate at [redacted] hours per week.  LOE in file states Borrower will continue to have   [Redacted] rental expense regardless of primary [redacted].

Reviewer Comment (2019-06-20): Cleared following additional review. Reviewer Comment (2019-05-16): Borrower's YTD and one year earnings average do not support  [Redacted]  hours a week. Buyer Comment (2019-05-16): [Redacted]  used the full weekly amount on the  [Redacted]  paystubs that show her working  [Redacted]  hours (One has  [Redacted] hours), no where does it say that she doesn't work [Redacted] hours normally. Her pay is only one pay period off which could be explained by the new year (Sometimes the last pay period will end into the next year which would cause the difference in the YTD income) Reviewer Comment (2019-05-15): Borrower's YTD and one year earnings average do not support  [Redacted]  hours a week.  Paystubs in file also reflect that borrower does not always work  [Redacted]  hours a week.  Using one year average borrower DTI is  [Redacted] %.  Exception remains. Buyer Comment (2019-05-13): (redacted)

06/20/2019

1

A

A

A

A

A

IL

Investment

Refinance - Rate/Term

D

A

D

A

A

A

A

A

N/A

N/A

No

223812621

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Federal HPML

Federal HPML [redacted] Compliant

[redacted]: APR on subject loan of [redacted] or Final Disclosure APR of [redacted] is in excess of allowable threshold of APOR [redacted] + [redacted], or [redacted].  [redacted].

Reviewer Comment (2017-09-28): Client purchases HPML loans

08/08/2017

1

A

A

A

A

A

A

A

A

A

A

NY

Primary

Refinance - Cash-out - Other

C

B

C

B

C

A

A

A

Non QM

Non QM

No

223812621

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Final Closing Disclosure Homeowner's Insurance Premium Months

TILA-RESPA Integrated Disclosure - Other Costs: Final Closing Disclosure provided on [redacted] disclosed homeowner's insurance under Prepaids that does not match amount per month calculation. (Final/[redacted])

CD Reserves Homeowners Insurance Monthly Amount [redacted]> Fee [redacted]  CD Homeowners Insurance Premium Test [redacted]

Reviewer Comment (2017-09-28): $ [Redacted]  amount included the $ [Redacted]  that is due for increase in current coverage $ [Redacted]  +$ [Redacted] = $ [Redacted] . exception is cleared. Reviewer Comment (2017-09-28): No documentation provided exception remains open.

08/23/2017

1

B

A

B

A

B

A

B

A

B

A

NY

Primary

Refinance - Cash-out - Other

Letter of Explanation & Corrected Closing Disclosure

C

B

C

B

C

A

A

A

Non QM

Non QM

Yes

223812621

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Final Closing Disclosure Without Seller - Total Closing Costs Exceeds Limits

TILA-RESPA Integrated Disclosure - Calculating Cash to Close: Final Closing Disclosure provided on [redacted] disclosed an inaccurate value of the dollar amount by which the Total Closing Costs exceeded the legal limit. (Final/[redacted])

Cure for (Discount points) of ([redacted]) was not provided.

Reviewer Comment (2017-09-28): Seller provided VCC for  [Redacted] LE change in loan amount,rate lock,fee changes -discount points.

08/23/2017

1

B

A

B

A

B

A

B

A

B

A

NY

Primary

Refinance - Cash-out - Other

Letter of Explanation & Corrected Closing Disclosure

C

B

C

B

C

A

A

A

Non QM

Non QM

Yes

223812621

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted]([redacted]) business days prior to closing. (Interim/[redacted])

LE Received Date[redacted] >= Closing Date Less [redacted] days [redacted]

Reviewer Comment (2017-09-28): Seller provided e-receipt of the [Redacted]  LE.

08/23/2017

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Refinance - Cash-out - Other

No Defined Cure

C

B

C

B

C

A

A

A

Non QM

Non QM

No

223812621

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Insufficient or no cure was provided to the borrower. ([redacted])

Fee disclosed as ([redacted]) on (LE dated [redacted]), but disclosed as ([redacted]) on Final Closing Disclosure.

Reviewer Comment (2017-09-28): Seller provided VCC for  [Redacted]  LE change in loan amount,rate lock,fee changes -discount points.

08/23/2017

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Refinance - Cash-out - Other

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

B

C

A

A

A

Non QM

Non QM

Yes

223812621

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID [redacted] Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of [redacted] .  Insufficient or no cure was provided to the borrower. ([redacted])

Reviewer Comment (2017-09-28): Seller provided the COC for the [Redacted]  increase in mortgage tax.

08/21/2017

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Refinance - Cash-out - Other

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

B

C

A

A

A

Non QM

Non QM

Yes

223812621

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Esign Consent Agreement Status

ESIGN Act - Loan file does not contain evidence of borrower's consent to receive electronic disclosures.

Reviewer Comment (2017-09-28): Seller provded the e-consent.

08/16/2017

1

B

A

B

A

B

A

B

A

B

A

NY

Primary

Refinance - Cash-out - Other

No Defined Cure

C

B

C

B

C

A

A

A

Non QM

Non QM

No

223812621

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

Guideline Requirement: Loan to value discrepancy.

Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___.

Lender acknowledged exception with loan amount > [redacted]

[redacted] DTI [redacted] months reserves  [redacted] months guideline minimum

Reviewer Comment (2017-09-28): Client has elected to waive this requirement based on compensating factors.

10/17/2017

2

C

B

C

B

C

B

C

B

C

B

NY

Primary

Refinance - Cash-out - Other

C

B

C

B

C

A

A

A

Non QM

Non QM

No

223812621

xx

xx

xx

xx

Credit

Credit

Credit Calculation / Analysis

Guideline

Guideline Requirement: Representative FICO score discrepancy.

Representative FICO score of ___ is less than Guideline representative FICO score of ___.

Lender acknowledged exception.

[redacted] DTI [redacted] months reserves  [redacted] months guideline minimum

Reviewer Comment (2017-09-28): Client has elected to waive this requirement based on compensating factors.

10/17/2017

2

C

B

C

B

C

B

C

B

C

B

NY

Primary

Refinance - Cash-out - Other

C

B

C

B

C

A

A

A

Non QM

Non QM

No

223812649

xx

xx

xx

xx

Credit

Title

General

Title

Title Policy Coverage is less than Original Loan Amount.

The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file.

The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount.  Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount.

Reviewer Comment (2022-11-08): Client elects to waive.

11/08/2022

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

B

B

B

B

B

B

A

A

Non QM

Non QM

No

223812649

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

GSE

[redacted] [redacted]- [redacted]% Points and Fees

[redacted] Points and Fees Test.  Points and Fees on subject loan of [redacted] is in excess of the investor allowable maximum of  [redacted] of the Federal Total Loan Amount. Points and Fees total [redacted]on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of [redacted](an overage of [redacted]or [redacted]).

Points and Fees exceed threshold of [redacted]or [redacted] by [redacted]or [redacted].

Reviewer Comment (2022-11-09): Client elects to waive. Reviewer Comment (2022-11-07): Client to review.

11/09/2022

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Purchase

LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings.

B

B

B

B

B

B

A

A

Non QM

Non QM

Yes

223812649

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID [redacted] Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of [redacted] exceeds tolerance of [redacted].  Sufficient or excess cure was provided to the borrower at Closing.

[redacted] Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of [redacted]exceeds tolerance of [redacted]. Sufficient or excess cure was provided to the borrower at Closing.

Reviewer Comment (2022-11-03): Sufficient Cure Provided At Closing

11/03/2022

1

A

A

A

A

A

A

A

A

A

A

FL

Primary

Purchase

Final CD evidences Cure

B

B

B

B

B

B

A

A

Non QM

Non QM

Yes

223813793

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Rate/Term

B

B

B

B

No

223813793

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within [redacted] ([redacted] ) business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Refinance - Rate/Term

B

B

B

B

No

223813794

xx

xx

xx

xx

Compliance

Loan Package Documentation

Closing / Title

Loan Package Documentation

(Doc Error) TIL Error: Borrower signature not dated.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

No

223813794

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Prepaid Interest From Date from HUD-[redacted] or final closing disclosure of [redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

No

223813794

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

Final TIL Finance Charge Under Disclosed

Truth In Lending Act: Final TIL Finance Charge of [redacted] is underdisclosed from calculated Finance Charge of [redacted]in the amount of [redacted].

Unable to determine under disclosure due to missing Itemization of Amount Financed.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected TIL Disclosure, and Re-open Rescission if Applicable

B

B

B

B

Yes

223813795

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

B

B

B

B

No

223813795

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Prepaid Interest From Date from HUD-[redacted] or final closing disclosure of [redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

B

B

B

B

No

223813795

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

B

B

B

B

No

223813795

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Late Charge

[redacted] [redacted] Late Charge Percent Testing

[redacted] [redacted] Late Charge: Note late charge percent of [redacted] exceeds the state maximum of [redacted].

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

B

B

B

B

No

223813795

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Purchase

B

B

B

B

No

223813796

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

PA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813796

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813796

xx

xx

xx

xx

Credit

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal not provided

3

D

D

D

D

D

D

D

D

D

D

PA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813796

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813796

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813796

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is[redacted]  months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813796

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than [redacted] family residence, state and federal testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813796

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within [redacted] ([redacted] ) business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813796

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Right of Rescission Timing - Receipt Date Missing

Missing RTC Signature Date. Unable to determine compliance with rescission timing requirements.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission

B

B

B

B

Yes

223813796

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

Final TIL Finance Charge Under Disclosed

[redacted]: Final TIL Finance Charge of [redacted]is underdisclosed from calculated Finance Charge of [redacted]in the amount of [redacted] .

Unable to determine cause of under disclosure due to missing amortization schedule.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Cash-out - Debt Consolidation

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected TIL Disclosure, and Re-open Rescission if Applicable

B

B

B

B

Yes

223813796

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

TILA Rescission - Disbursement Date Less than x Business Days From Transaction Date

[redacted]:  Subject loan transaction disbursed on [redacted], prior to [redacted]([redacted] ) business days from transaction date o[redacted].

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223813796

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Incorrect Right To Cancel Form Used - H-x Used on Non Same Lender Refinance

[redacted]: Unable to determine if Notice of Right to Cancel was executed on the proper Model Form. The H-[redacted] form was used instead of the H-[redacted] form, however, the loan file does not contain evidence that the [redacted] was by the original creditor.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223813797

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

TN

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813797

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Loan Package Documentation

Security Instrument is not on a [redacted]/[redacted] form and does not contain the following clauses:

___

2

B

B

B

B

B

B

B

B

B

B

TN

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813797

xx

xx

xx

xx

Credit

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal not provided

-

3

D

D

D

D

D

D

D

D

D

D

TN

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813797

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

TN

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813797

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted]  which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

TN

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813797

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than [redacted] family residence, state and federal testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

TN

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813797

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within [redacted] ([redacted] ) business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

TN

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813797

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

TILA Rescission - Disbursement Date Less than x Business Days From Transaction Date

Truth in Lending Act:  Subject loan transaction disbursed on [redacted], prior to [redacted]([redacted] ) business days from transaction date of [redacted].

2

B

B

B

B

B

B

B

B

B

B

TN

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223813799

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [redacted]

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813799

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Loan Package Documentation

Security Instrument is not on a [redacted]/[redacted] form and does not contain the following clauses:

___

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813799

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813799

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813799

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

[redacted] Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within [redacted] ([redacted]) business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813799

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

TILA Rescission - Disbursement Date Less than x Business Days From Transaction Date

[redacted]:  Subject loan transaction disbursed on [redacted], prior to [redacted]([redacted]) business days from transaction date of [redacted].

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223813800

xx

xx

xx

xx

Credit

Insurance

Insurance Documentation

Insurance

Missing Document: Mortgage Insurance Certificate (MIC) not provided

[redacted] data captured was provided by the seller

Reviewer Comment (2025-03-04): Client elects to waive. Seller provided underlying data for[Redacted]  certificate. Reviewer Comment (2025-03-04): Per client request, underlying data provided by seller.

03/04/2025

2

C

C

C

C

C

C

C

C

C

C

NJ

Primary

Purchase

B

B

B

B

No

223813800

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Prepaid Interest From Date from HUD-[redacted]or final closing disclosure of [redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Purchase

B

B

B

B

No

223813800

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

[redacted] Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted]([redacted]) business days of application.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Purchase

B

B

B

B

No

223813800

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Status Test

TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Purchase

No Defined Cure

B

B

B

B

No

223813800

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

[redacted] Booklet Disclosure Timing

TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, [redacted] Booklet, not provided to the borrower within [redacted] ([redacted]) days of application.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Purchase

No Defined Cure

B

B

B

B

No

223813800

xx

xx

xx

xx

Compliance

Loan Package Documentation

Closing / Title

Loan Package Documentation

(Doc Error) TIL Error: Borrower signature not dated.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Purchase

B

B

B

B

No

223813801

xx

xx

xx

xx

Compliance

Loan Package Documentation

Closing / Title

Loan Package Documentation

(Doc Error) TIL Error: Borrower signature not dated.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813801

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

[redacted] Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted] ([redacted]) business days of application.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813801

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Timing Test

[redacted] variable rate disclosure: ARM loan program disclosure not provided to the borrower within [redacted] ([redacted]) days of application.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

No Defined Cure

B

B

B

B

No

223813801

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

[redacted] Booklet Disclosure Status

[redacted] variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, [redacted] Booklet, not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

No Defined Cure

B

B

B

B

No

223813801

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Right of Rescission Timing - Receipt Date Missing

Missing Final TIL Signature Date. Unable to determine compliance with rescission timing requirements.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission

B

B

B

B

Yes

223813801

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Incorrect Right To Cancel Form Used - H-x Used on Non Same Lender Refinance

[redacted]: Notice of Right to Cancel was not executed on the proper Model Form for a [redacted] by a creditor that is not considered the original creditor. The H-[redacted] form was used, the H-[redacted]form should have been used.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223813802

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

[redacted] Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted]([redacted]) business days of application.

2

B

B

B

B

B

B

B

B

B

B

LA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813803

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Prepaid Interest From Date from HUD-[redacted] or final closing disclosure of[redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

B

B

B

B

No

223813804

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

3

C

C

C

C

C

C

C

C

C

C

ME

Primary

Refinance - Rate/Term

B

B

B

B

No

223813804

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

FACTA

FACTA Disclosure Missing

FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure.

2

B

B

B

B

B

B

B

B

B

B

ME

Primary

Refinance - Rate/Term

B

B

B

B

No

223813804

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

ME

Primary

Refinance - Rate/Term

B

B

B

B

No

223813804

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Prepaid Interest From Date from HUD-[Redacted]  or final closing disclosure of [Redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

ME

Primary

Refinance - Rate/Term

B

B

B

B

No

223813804

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [Redacted]  which is [Redacted]  months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

ME

Primary

Refinance - Rate/Term

B

B

B

B

No

223813804

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

ME

Primary

Refinance - Rate/Term

B

B

B

B

No

223813804

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Incorrect Right To Cancel Form Used - H-x Used on Non Same Lender Refinance

Truth in Lending Act: Unable to determine if Notice of Right to Cancel was executed on the proper Model Form. The H-[Redacted]  form was used instead of the H-[Redacted] form, however, the loan file does not contain evidence that the refinance was by the original creditor.

2

B

B

B

B

B

B

B

B

B

B

ME

Primary

Refinance - Rate/Term

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223813805

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

3

C

C

C

C

C

C

C

C

C

C

GA

Primary

Purchase

B

B

B

B

No

223813805

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Status Test

TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

GA

Primary

Purchase

No Defined Cure

B

B

B

B

No

223813805

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

CHARM Booklet Disclosure Status

TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

GA

Primary

Purchase

No Defined Cure

B

B

B

B

No

223813805

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [Redacted]  which is [Redacted]  months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

GA

Primary

Purchase

B

B

B

B

No

223813805

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within[Redacted]  ([Redacted] ) business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

GA

Primary

Purchase

B

B

B

B

No

223813806

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [Redacted]  which is [Redacted]  months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Rate/Term

B

B

B

B

No

223813806

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within [Redacted]  ([Redacted] ) business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Rate/Term

B

B

B

B

No

223813807

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Prepaid Interest From Date from HUD-[Redacted]  or final closing disclosure of[Redacted]  used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223813807

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [Redacted]  which is[Redacted]  months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223813807

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within[Redacted]  ([Redacted] ) business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

B

B

B

B

No

223813808

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

B

B

B

B

No

223813808

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [Redacted]  which is [Redacted]  months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

B

B

B

B

No

223813808

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Late Charge

[redacted] [redacted] Late Charge Percent Testing

[Redacted]  Late Charge: Note late charge percent of [Redacted] % exceeds the state maximum of [Redacted] %.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

B

B

B

B

No

223813809

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Prepaid Interest From Date from HUD-[Redacted]  or final closing disclosure of [Redacted]  used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

MI

Primary

Purchase

B

B

B

B

No

223813809

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Timing Test

TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower within [Redacted] ([Redacted] ) days of application.

2

B

B

B

B

B

B

B

B

B

B

MI

Primary

Purchase

No Defined Cure

B

B

B

B

No

223813809

xx

xx

xx

xx

Credit

Missing Document

General

Missing Document

Missing Document: Econsent not provided

3

C

C

C

C

C

C

C

C

C

C

MI

Primary

Purchase

B

B

B

B

No

223813811

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final[Redacted]

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813811

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

FACTA

FACTA Disclosure Missing

FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813811

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [Redacted]  used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813811

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [Redacted]  which is [Redacted]  months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813811

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than single family residence, state and federal testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813811

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within [Redacted] ([Redacted]) business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813811

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Status Test

TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

No Defined Cure

B

B

B

B

No

223813811

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

CHARM Booklet Disclosure Status

TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

No Defined Cure

B

B

B

B

No

223813811

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

TILA Rescission - Disbursement Date Less than x Business Days From Transaction Date

Truth in Lending Act:  Subject loan transaction disbursed on [Redacted] prior to [Redacted] ([Redacted]) business days from transaction date of [Redacted].

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223813811

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Loan Package Documentation

Security Instrument is not on a [Redacted] form and does not contain the following clauses:

___

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813811

xx

xx

xx

xx

Credit

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal not provided

-

3

D

D

D

D

D

D

D

D

D

D

CA

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813812

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final[Redacted]

3

C

C

C

C

C

C

C

C

C

C

AZ

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813812

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Loan Package Documentation

Security Instrument is not on a [Redacted] form and does not contain the following clauses:

___

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813812

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

FACTA

FACTA Disclosure Missing

FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure.

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813812

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [Redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813812

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Compliance

Disclosed Note P&I payment does not equal calculated P&I payment

Disclosed Note P&I payment does not equal calculated P&I payment.  Note P&I of $[Redacted] does not match calculated P&I of $[Redacted]Calculated P&I was used for the APR calculation and compliance testing.

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813812

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [Redacted] which is [Redacted]months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813812

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within [Redacted] [Redacted]) business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813812

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Timing Test

Unable to determine if ARM disclosure was provided within[Redacted] ([Redacted]) days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Refinance - Cash-out - Debt Consolidation

No Defined Cure

B

B

B

B

No

223813812

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

CHARM Booklet Disclosure Timing

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Refinance - Cash-out - Debt Consolidation

No Defined Cure

B

B

B

B

No

223813812

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

TILA Rescission - Disbursement Date Less than x Business Days From Transaction Date

Truth in Lending Act:  Subject loan transaction disbursed on [Redacted], prior to [Redacted] ([Redacted]) business days from transaction date of[Redacted]

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223813813

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [Redacted]

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813813

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813813

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [Redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813813

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [Redacted] which is[Redacted] months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813813

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than single family residence, state and [Redacted] testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813813

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within [Redacted] ([Redacted]) business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813813

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Right of Rescission Timing - Receipt Date Missing

Missing Final TIL Signature Date and RTC Signature Date. Unable to determine compliance with rescission timing requirements.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission

B

B

B

B

Yes

223813813

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

TILA Rescission - Disbursement Date Less than x Business Days From Transaction Date

Truth in Lending Act:  Subject loan transaction disbursed on [Redacted], prior to[Redacted] ([Redacted]) business days from transaction date of [Redacted].

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223813813

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right To Cancel Not Provided to All Required Parties

Truth in Lending Act: Notice of Right to Cancel was not signed by all parties whose ownership interest is or will be subject to the security interest.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223813813

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813813

xx

xx

xx

xx

Credit

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal not provided

3

D

D

D

D

D

D

D

D

D

D

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813813

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813813

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

Final TIL Finance Charge Under Disclosed

Truth In Lending Act: Final TIL Finance Charge of $[Redacted] is underdisclosed from calculated Finance Charge of $[Redacted] in the amount of $[Redacted]

Unable to determine cause of under disclosure due to missing amortization schedule.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected TIL Disclosure, and Re-open Rescission if Applicable

B

B

B

B

Yes

223813813

xx

xx

xx

xx

Compliance

Loan Package Documentation

Closing / Title

Loan Package Documentation

(Doc Error) TIL Error: Borrower signature not dated.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813814

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Loan Package Documentation

Security Instrument is not on a [Redacted] form and does not contain the following clauses:

___

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813814

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813814

xx

xx

xx

xx

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Legal / Regulatory / Compliance

Final Title Policy is missing. No evidence of title in file.

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813814

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813814

xx

xx

xx

xx

Credit

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal not provided

3

D

D

D

D

D

D

D

D

D

D

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813814

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [Redacted]

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813814

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of[Redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813814

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of[Redacted] which is[Redacted] months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813814

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than single family residence, state and federal testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813814

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within [Redacted] ([Redacted]) business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813814

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

Truth in Lending Act: Notice of Right to Cancel was not provided.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223813814

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

Final TIL Finance Charge Under Disclosed

Truth In Lending Act: Final TIL Finance Charge of $[Redacted] is underdisclosed from calculated Finance Charge of $[Redacted] in the amount of $[Redacted]

Unable to determine cause of under disclosure due to missing amortization schedule.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected TIL Disclosure, and Re-open Rescission if Applicable

B

B

B

B

Yes

223813815

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [Redacted]

3

C

C

C

C

C

C

C

C

C

C

GA

UTD

Refinance - Rate/Term

B

B

B

B

No

223813815

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

3

C

C

C

C

C

C

C

C

C

C

GA

UTD

Refinance - Rate/Term

B

B

B

B

No

223813815

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Refinance - Rate/Term

B

B

B

B

No

223813815

xx

xx

xx

xx

Credit

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal not provided

3

D

D

D

D

D

D

D

D

D

D

GA

UTD

Refinance - Rate/Term

B

B

B

B

No

223813815

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Loan Package Documentation

Security Instrument is not on a [Redacted] form and does not contain the following clauses:

___

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Refinance - Rate/Term

B

B

B

B

No

223813815

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Refinance - Rate/Term

B

B

B

B

No

223813815

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Non-Required Data

Unable to determine occupancy, compliance results were generated using a defaulted value of Primary.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Refinance - Rate/Term

B

B

B

B

No

223813815

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of [Redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Refinance - Rate/Term

B

B

B

B

No

223813815

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [Redacted] which is[Redacted] months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Refinance - Rate/Term

B

B

B

B

No

223813815

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than single family residence, state and[Redacted] testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Refinance - Rate/Term

B

B

B

B

No

223813815

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

Final TIL Finance Charge Under Disclosed

Truth In Lending Act: Final TIL Finance Charge of $[Redacted]is underdisclosed from calculated Finance Charge of $[Redacted] in the amount of $[Redacted]

Unable to determine cause of under disclosure due to missing amortization schedule.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Refinance - Rate/Term

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected TIL Disclosure, and Re-open Rescission if Applicable

B

B

B

B

Yes

223813815

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right to Cancel Missing

Truth in Lending Act: Notice of Right to Cancel was not provided.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Refinance - Rate/Term

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223813815

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within [Redacted] ([Redacted]) business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

GA

UTD

Refinance - Rate/Term

B

B

B

B

No

223813816

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [Redacted]

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813816

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Insurance

Missing Document: Flood Certificate not provided

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813816

xx

xx

xx

xx

Compliance

Property - Appraisal

General Appraisal Requirements

LTV Test

Due to lack of appraised value, compliance tests requiring an LTV were run off an assumed value of a contract sales price or original loan amount, whichever applies.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813816

xx

xx

xx

xx

Credit

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal not provided

3

D

D

D

D

D

D

D

D

D

D

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813816

xx

xx

xx

xx

Credit

Loan Package Documentation

Closing / Title

Loan Package Documentation

Security Instrument is not on a [Redacted] form and does not contain the following clauses:

___

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813816

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813816

xx

xx

xx

xx

Credit

Legal / Regulatory / Compliance

Title / Lien Defect

Legal / Regulatory / Compliance

Final Title Policy is missing. No evidence of title in file.

3

C

C

C

C

C

C

C

C

C

C

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813816

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

Disbursement Date Missing Test

Disbursement Date Missing: Evidence of disbursement date not found in file. Security Instrument Notary Date of[Redacted] used as disbursement date for compliance testing.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813816

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [Redacted] which is [Redacted]months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813816

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Required Data

Property Type Not Provided

(Missing Data) Property Type. If property type is other than single family residence, state and federal testing may be impacted.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813816

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within [Redacted] ([Redacted] business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813816

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Right of Rescission Timing - Receipt Date Missing

Missing RTC Signature Date. Unable to determine compliance with rescission timing requirements.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission

B

B

B

B

Yes

223813816

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

Final TIL Finance Charge Under Disclosed

Truth In Lending Act: Final TIL Finance Charge of $[Redacted] is underdisclosed from calculated Finance Charge of $[Redacted] in the amount of $[Redacted].

Unable to determine cause of under disclosure due to missing amortization schedule.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected TIL Disclosure, and Re-open Rescission if Applicable

B

B

B

B

Yes

223813816

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

TILA Rescission - Disbursement Date Less than x Business Days From Transaction Date

Truth in Lending Act:  Subject loan transaction disbursed on [Redacted], prior to [Redacted]([Redacted]) business days from transaction date of [Redacted]

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223813816

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Notice of Right To Cancel Not Provided to All Required Parties

Truth in Lending Act: Notice of Right to Cancel was not signed by all parties whose ownership interest is or will be subject to the security interest.

2

B

B

B

B

B

B

B

B

B

B

FL

Primary

Refinance - Cash-out - Debt Consolidation

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

B

B

Yes

223813817

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [Redacted]which is [Redacted] months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

CA

Investment

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813818

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [Redacted] which is [Redacted]months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

CT

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813818

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Unable to determine if Creditor provided Affiliated Business Arrangement Disclosure to applicant within[Redacted] ([Redacted]) business days of application due to missing information.

2

B

B

B

B

B

B

B

B

B

B

CT

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813818

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final [Redacted]

3

C

C

C

C

C

C

C

C

C

C

CT

Primary

Refinance - Cash-out - Debt Consolidation

B

B

B

B

No

223813821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Rental Income Documentation - Schedule E Method Test

Qualified Mortgage ([Redacted][Redacted]): Rental income documentation requirement not met for [Redacted].  Lease Agreement and/or Tax Return not provided.

3

C

C

C

C

C

C

C

C

C

C

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Rental Income Documentation - Schedule E Method Test

Qualified Mortgage ([Redacted] [Redacted]): Rental income documentation requirement not met for [Redacted] [redacted].  Lease Agreement and/or Tax Return not provided.

3

C

C

C

C

C

C

C

C

C

C

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

S-Corp Income Documentation Test

Qualified Mortgage (Dodd-Frank [redacted]): Self-employed income documentation not sufficient (S-Corp).

3

C

C

C

C

C

C

C

C

C

C

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay - Missing Investor Guideline Qualifying Total Debt Ratio

Unable to complete ATR testing due to missing investor guideline qualifying total debt ratio.

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines Not Provided

Ability to Repay (Dodd-Frank [redacted]): Unable to determine ability to repay due to missing guidelines. Loan characteristics are DTI: [redacted]%, LTV/CLTV: [redacted]%/[redacted]%, Credit Score: [redacted], Occupancy: Primary, Purpose: Refinance, Rate/Term

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Temporary SHQM (GSE/Agency Eligible) does not match Due Diligence Loan Designation of ATR Risk.

3

B

B

C

C

B

B

C

C

B

B

IL

Primary

Refinance - Rate/Term

Lender to provide updated ATR/QM status

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

Yes

223813821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM DTI

Qualified Mortgage (Dodd-Frank [redacted]): Total Debt to Income Ratio exceeds [redacted]% and the images do not provide evidence loan is eligible for purchase, guarantee or insurance by the appropriate agency.

3

C

C

C

C

C

C

C

C

C

C

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure:[redacted]Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $-[redacted] exceeds tolerance of $-[redacted]. Insufficient or no cure was provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Refinance - Rate/Term

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

Yes

223813821

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Missing Document

Missing Document: AUS not provided

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

AUS/Guideline Findings: All conditions were not met

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Income Method of Calculation

Unable to determine compliance with income requirements due to missing information.

3

C

C

C

C

C

C

C

C

C

C

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Self Employed Financial Strength

Unable to determine compliance with Self Employed income requirements due to missing information.

3

C

C

C

C

C

C

C

C

C

C

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Self Employed YTD

Unable to determine compliance with Self Employed income requirements due to missing information.

3

C

C

C

C

C

C

C

C

C

C

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Credit

Missing Document

General

Missing Document

Missing Document: Stated not provided

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Credit

Disclosure

Missing Document

Disclosure

E-sign Consent Agreement is missing.

-

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected.

03/05/2025

1

C

A

C

A

C

A

C

A

C

A

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General ATR Provision Investor and Non QM DTIs don't match and both significantly exceed Guidelines

Ability to Repay (Dodd-Frank [redacted]): The DTIs calculated in accordance with the Lenders Guidelines of [redacted]% and based on [redacted](c)([redacted]) of [redacted]% significantly exceed the guideline maximum of [redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to EVx-B.)

3

C

C

C

C

C

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Investor qualifying total debt ratio discrepancy.

3

C

C

C

C

C

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Combined High loan to value discrepancy.

3

C

C

C

C

C

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813821

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank [redacted]): Based on the loan failing one or more guideline components, the loan is at ATR risk.

3

C

C

C

C

C

IL

Primary

Refinance - Rate/Term

C

C

C

C

C

C

A

A

Temporary SHQM (GSE/Agency Eligible)

ATR Risk

No

223813822

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Missing Document

Missing Document: AUS not provided

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813822

xx

xx

xx

xx

Credit

Insurance

Insurance Documentation

Insurance

Missing Document: Mortgage Insurance Certificate (MIC) not provided

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00.

SitusAMC

03/04/2025

2

C

B

C

B

C

B

C

B

C

B

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813822

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely

ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within [redacted]([redacted]) business days of application or determination of first lien status.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813822

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813822

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay - Missing Investor Guideline Qualifying Total Debt Ratio

Unable to complete ATR testing due to missing investor guideline qualifying total debt ratio.

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813822

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines Not Provided

Ability to Repay (Dodd-Frank [redacted]): Unable to determine ability to repay due to missing guidelines. Loan characteristics are DTI: [redacted]%, LTV/CLTV: [redacted]%/[redacted]%, Credit Score: [redacted], Occupancy: Primary, Purpose: Purchase,

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813822

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank [redacted]): Originator Loan Designation of Temporary SHQM (GSE/Agency Eligible) does not match Due Diligence Loan Designation of ATR Risk.

03/18/2025

1

B

A

C

A

B

A

C

A

B

A

CA

Primary

Purchase

Lender to provide updated ATR/QM status

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

Yes

223813822

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

QM DTI

Qualified Mortgage (Dodd-Frank [redacted]): Total Debt to Income Ratio exceeds [redacted]% and the images do not provide evidence loan is eligible for purchase, guarantee or insurance by the appropriate agency.

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813822

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA (xxxx) -   GFE Settlement charges Good Thru Date Less than xx Days

RESPA ([redacted]):  GFE does not provide minimum [redacted]([redacted]) business day availability for estimate of charges and terms for all other settlement charges.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813822

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure -  HUD Settlement Cost Booklet Missing

RESPA Disclosure Rule: Creditor did not provide HUD Settlement Cost Booklet.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813822

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

Final TIL Not Provided to Borrower At or Before Consummation

Truth in Lending Act: Final TIL was not provided to the borrower by closing.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813822

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

03/05/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813822

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

AUS/Guideline Findings: All conditions were not met

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Purchase

C

B

C

B

C

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813823

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Rate/Term

B

B

A

A

B

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813823

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Late Charge

New York Late Charge Percent Testing

[redacted] Late Charge: Note late charge percent of [redacted]% exceeds the state maximum of [redacted]%.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Rate/Term

B

B

A

A

B

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813823

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank [redacted]): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Rate/Term

B

B

A

A

B

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813823

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Rate/Term

B

B

A

A

B

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813823

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form

Incorrect Right To Cancel Form Used - H-x Used on Non Same Lender Refinance

Truth in Lending Act: Notice of Right to Cancel was not executed on the proper Model Form for a refinance by a creditor that is not considered the original creditor. The [redacted] form was used, the [redacted] form should have been used.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Rate/Term

TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form

B

B

A

A

B

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

Yes

223813824

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813824

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: x

3

D

D

D

D

D

D

D

D

D

D

TX

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813824

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

03/05/2025

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813824

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813824

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813824

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

TX

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813824

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank [redacted]): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813824

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted]([redacted]) business days of application.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813824

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813824

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813824

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

TX

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813824

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: HOA Questionnaire not provided

03/19/2025

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813824

xx

xx

xx

xx

Credit

Guideline

Guideline Issue

Guideline

This loan closed during the covid-19 affected timeframe.  Asset Account date is more than xx days prior to the Note date or notary date.

-

3

C

C

C

C

C

TX

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813824

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

TX

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813825

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Purchase

B

B

A

A

B

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813825

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Purchase

B

B

A

A

B

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813825

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Purchase

B

B

A

A

B

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813825

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank [redacted]): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Purchase

B

B

A

A

B

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813825

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Purchase

B

B

A

A

B

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813825

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Will Have Escrow -  Initial Escrow Payment By All Parties

TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on [redacted] disclosed an Initial Escrow Payment that includes both borrower and non-borrower paid amounts.

2

B

B

B

B

B

B

B

B

B

B

IL

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

B

B

A

A

B

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

Yes

223813826

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

03/05/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Cash-out - Other

C

B

C

A

B

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813826

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

No Defined Cure

C

B

C

A

B

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

No

223813826

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Cash-out - Other

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

A

B

B

A

A

Temporary SHQM (GSE/Agency Eligible)

Temporary SHQM (GSE/Agency Eligible)

Yes

223813828

xx

xx

xx

xx

Credit

Disclosure

Missing Document

Disclosure

E-sign Consent Agreement is missing.

-

3

C

C

C

C

C

C

C

C

C

C

PA

Primary

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813828

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

03/05/2025

1

C

A

C

A

C

A

C

A

C

A

PA

Primary

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813828

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813828

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted] % or $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

02/25/2025

1

A

A

A

A

A

A

A

A

A

A

PA

Primary

Refinance - Cash-out - Other

Final CD evidences Cure

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813829

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

03/05/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Investment

Refinance - Cash-out - Other

C

C

C

C

A

A

A

A

N/A

N/A

No

223813829

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: HOA Questionnaire not provided

3

C

C

C

C

C

C

C

C

C

C

CA

Investment

Refinance - Cash-out - Other

C

C

C

C

A

A

A

A

N/A

N/A

No

223813830

xx

xx

xx

xx

Credit

Title

General

Title

Final Title Policy Coverage is less than Original Loan Amount.

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Refinance - Limited Cash-out GSE

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813830

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

03/05/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Primary

Refinance - Limited Cash-out GSE

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813830

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

CA

Primary

Refinance - Limited Cash-out GSE

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813830

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

3

C

C

C

C

C

C

C

C

C

C

CA

Primary

Refinance - Limited Cash-out GSE

C

C

C

C

B

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813832

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: x

3

D

D

D

D

D

D

D

D

D

D

NJ

Primary

Purchase

D

D

A

A

B

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813832

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Purchase

D

D

A

A

B

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813832

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Non Escrow Costs Year x Underdisclosed - October xxxx

TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [redacted] of [redacted]on Final Closing Disclosure provided on [redacted] are underdisclosed.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Purchase

Letter of Explanation & Corrected Closing Disclosure

D

D

A

A

B

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813832

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted] .  Insufficient or no cure was provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

D

D

A

A

B

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813832

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure:[redacted] Percent Fee Tolerance exceeded for Lender Credits.  Final Lender Credit of $-[redacted] exceeds tolerance of $-[redacted]. Insufficient or no cure was provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

D

D

A

A

B

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813833

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

03/05/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Investment

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

N/A

N/A

No

223813833

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

CA

Investment

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

N/A

N/A

No

223813833

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

2

B

B

B

B

B

B

B

B

B

B

CA

Investment

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

N/A

N/A

No

223813833

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

2

B

B

B

B

B

B

B

B

B

B

CA

Investment

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

N/A

N/A

No

223813833

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

CA

Investment

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

N/A

N/A

No

223813833

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

3

C

C

C

C

C

C

C

C

C

C

CA

Investment

Refinance - Cash-out - Other

C

C

C

C

B

B

A

A

N/A

N/A

No

223813834

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813834

xx

xx

xx

xx

Credit

Insurance

Insurance Documentation

Insurance

Missing Document: Mortgage Insurance Certificate (MIC) not provided

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score is above 680.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score is above 680.

Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC

03/05/2025

2

C

B

C

B

C

B

C

B

C

B

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813834

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: x

3

D

D

D

D

D

D

D

D

D

D

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813834

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

ECOA Appraisal Disclosure - ECOA Timing

ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted] days of the loan application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813834

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813834

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813834

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813834

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank [redacted] ): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813834

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813834

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Interim Closing Disclosure Timing Irregular Transactions Test

TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after[redacted] contains a change in APR and was not received by borrower at least [redacted] ([redacted]) business days prior to consummation

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

TRID timing exception, no remediation available.

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813834

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Loan Estimate Timing

TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] ([redacted]) business days of application.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

TX

Primary

Purchase

No Defined Cure

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813834

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813835

xx

xx

xx

xx

Property

Credit

General

Credit

The property type differs between the valuation documents in file. Unable to verify the property type.  Ineligible per guidelines.

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

NJ

Primary

Refinance - Cash-out - Other

C

D

A

A

C

B

C

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813835

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Refinance - Cash-out - Other

C

D

A

A

C

B

C

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813835

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank [redacted]): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.

03/10/2025

1

B

A

B

A

B

A

B

A

B

A

NJ

Primary

Refinance - Cash-out - Other

C

D

A

A

C

B

C

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813835

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Refinance - Cash-out - Other

C

D

A

A

C

B

C

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813835

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

NJ

Primary

Refinance - Cash-out - Other

C

D

A

A

C

B

C

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813835

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank xxxx): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

NJ

Primary

Refinance - Cash-out - Other

C

D

A

A

C

B

C

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813835

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[Redacted]exceeds tolerance of $[Redacted].  Insufficient or no cure was provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

NJ

Primary

Refinance - Cash-out - Other

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

D

A

A

C

B

C

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813835

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

NJ

Primary

Refinance - Cash-out - Other

C

D

A

A

C

B

C

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813835

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

NJ

Primary

Refinance - Cash-out - Other

C

D

A

A

C

B

C

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813835

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

NJ

Primary

Refinance - Cash-out - Other

C

D

A

A

C

B

C

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813835

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: x

3

D

D

D

D

D

NJ

Primary

Refinance - Cash-out - Other

C

D

A

A

C

B

C

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Rate/Term

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Verification(s) of employment is not within xx business days of the Note.

-

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Refinance - Rate/Term

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income documentation requirements not met.

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Refinance - Rate/Term

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

The verification of employment is not within xx business days of the Note.

-

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Refinance - Rate/Term

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: x

3

D

D

D

D

D

D

D

D

D

D

NY

Primary

Refinance - Rate/Term

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank xxxx): Creditor did not provide a copy of each valuation to applicant three ([Redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Rate/Term

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Rate/Term

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of[Redacted] which is [Redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

NY

Primary

Refinance - Rate/Term

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank xxxx): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Refinance - Rate/Term

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank xxxx): Originator Loan Designation of [redacted] QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk.

03/10/2025

1

B

A

C

A

B

A

C

A

B

A

NY

Primary

Refinance - Rate/Term

Lender to provide updated ATR/QM status

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing [redacted] or more guideline components, the loan is at QM risk.

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Refinance - Rate/Term

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Income/Asset Guideline Deficiency - QM Impact

General QM:  There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.)

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Refinance - Rate/Term

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

NY

Primary

Refinance - Rate/Term

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Late Charge

New York Late Charge Percent Testing

[redacted] Late Charge: Note late charge percent of [Redacted]% exceeds the state maximum of [Redacted]%.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Refinance - Rate/Term

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Closing Disclosure Issue Date Not Provided

TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [Redacted] did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available.

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Refinance - Rate/Term

Good Faith Redisclosure

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Closing Disclosure Issue Date Not Provided

TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [Redacted] did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available.

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Refinance - Rate/Term

Good Faith Redisclosure

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Closing Disclosure Issue Date Not Provided

TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [Redacted] did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available.

3

C

C

C

C

C

C

C

C

C

C

NY

Primary

Refinance - Rate/Term

Good Faith Redisclosure

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Interim Closing Disclosure Timing Test

TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least [redacted] ([redacted]) business days prior to consummation

2

C

B

C

B

C

B

C

B

C

B

NY

Primary

Refinance - Rate/Term

TRID timing exception, no remediation available.

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Issue and Received Date >  Closing Disclosure Issue and Received Date

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.)

2

C

B

C

B

C

B

C

B

C

B

NY

Primary

Refinance - Rate/Term

No Defined Cure

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Issue and Received Date >  Closing Disclosure Issue and Received Date

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.)

2

C

B

C

B

C

B

C

B

C

B

NY

Primary

Refinance - Rate/Term

No Defined Cure

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Issue and Received Date >  Closing Disclosure Issue and Received Date

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.)

2

C

B

C

B

C

B

C

B

C

B

NY

Primary

Refinance - Rate/Term

No Defined Cure

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing.

2

C

B

C

B

C

B

C

B

C

B

NY

Primary

Refinance - Rate/Term

No Defined Cure

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813836

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

NY

Primary

Refinance - Rate/Term

D

D

C

A

C

C

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813838

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [Redacted] which is [Redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

KS

Primary

Refinance - Cash-out - Other

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813838

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank xxxx): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

KS

Primary

Refinance - Cash-out - Other

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813838

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

KS

Primary

Refinance - Cash-out - Other

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813838

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized, and was originated with an Appraisal Waiver. The supporting secondary valuation is missing. Sec ID: xx

3

D

D

B

B

D

D

C

C

D

D

KS

Primary

Refinance - Cash-out - Other

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813838

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

KS

Primary

Refinance - Cash-out - Other

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813838

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

3

C

C

C

C

C

C

C

C

C

C

KS

Primary

Refinance - Cash-out - Other

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813838

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

KS

Primary

Refinance - Cash-out - Other

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813838

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

KS

Primary

Refinance - Cash-out - Other

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized, and was originated with an Appraisal Waiver. The supporting secondary valuation is missing. Sec ID: xx

3

D

D

B

B

D

D

C

C

D

D

NY

Primary

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [Redacted] which is [Redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

NY

Primary

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank xxxx): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank xxxx): Originator Loan Designation of [redacted] QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

03/10/2025

1

B

A

C

A

B

A

C

A

B

A

NY

Primary

Purchase

Lender to provide updated ATR/QM status

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813839

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Income and Assets - Partnership

General QM: Unable to verify Partnership income using reasonably reliable third-party records.

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Income/Asset Guideline Deficiency - QM Impact

General QM:  There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.)

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

NY

Primary

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Compliance

Compliance

State Compliance

State Late Charge

New York Late Charge Percent Testing

[redacted] Late Charge: Note late charge percent of [Redacted]% exceeds the state maximum of [Redacted]%.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Interim Closing Disclosure Timing Irregular Transactions Test

TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [Redacted] contains a change in APR and loan product and was not received by borrower at least [redacted] ([redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

TRID timing exception, no remediation available.

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Status Test

TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

No Defined Cure

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] ([redacted]) business days prior to closing.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

No Defined Cure

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Revised Loan Estimate Timing Before Closing

TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on [Redacted] not received by borrower at least [redacted] ([redacted]) business days prior to closing.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

No Defined Cure

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income documentation requirements not met.

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing [redacted] or more guideline components, the loan is at QM risk.

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

NY

Primary

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

CHARM Booklet Disclosure Status

TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

NY

Primary

Purchase

No Defined Cure

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813839

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

NY

Primary

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813840

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal was made "subject to" and Form xxxxD/xxx was not provided.

-

03/19/2025

1

C

A

C

A

C

A

C

A

C

A

AZ

Primary

Purchase

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813840

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: x

3

D

D

D

D

D

D

D

D

D

D

AZ

Primary

Purchase

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813840

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Purchase

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813840

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

ECOA Appraisal Disclosure - ECOA Timing

ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [Redacted] days of the loan application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

AZ

Primary

Purchase

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813840

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Purchase

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813840

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of[Redacted] which is [Redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

AZ

Primary

Purchase

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813840

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank xxxx): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

AZ

Primary

Purchase

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813840

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Loan Estimate Timing Electronically Provided

TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] ([redacted]) business days of application.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

AZ

Primary

Purchase

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813840

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[Redacted] exceeds tolerance of $[Redacted].  Insufficient or no cure was provided to the borrower.

2

B

B

B

B

B

B

B

B

B

B

AZ

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813840

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

AZ

Primary

Purchase

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813840

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

AZ

Primary

Purchase

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813841

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

03/05/2025

1

C

A

C

A

C

A

C

A

C

A

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813841

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized, and was originated with an Appraisal Waiver. The supporting secondary valuation is missing. Sec ID: xx

3

D

D

B

B

D

D

C

C

D

D

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813841

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813841

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Status Test

TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.

2

C

B

C

B

C

B

C

B

C

B

TX

Primary

Purchase

No Defined Cure

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813841

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] ([redacted]) business days prior to closing.

2

C

B

C

B

C

B

C

B

C

B

TX

Primary

Purchase

No Defined Cure

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813841

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813841

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

AUS/Guideline Findings: All conditions were not met

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Loan to Value (LTV) on the loan is less than or equal to 70%. The qualifying DTI on the loan is less than or equal to 35%. The representative FICO score is above 680.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Loan to Value (LTV) on the loan is less than or equal to 70%. The qualifying DTI on the loan is less than or equal to 35%. The representative FICO score is above 680.

Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC

04/04/2025

2

C

B

C

B

C

B

C

B

C

B

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813841

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

TX

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813842

xx

xx

xx

xx

Credit

Credit

Miscellaneous

Guideline

Credit Exception:

3

C

C

C

C

C

C

C

C

C

C

AL

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813842

xx

xx

xx

xx

Credit

Insurance

Insurance Documentation

Insurance

Missing Document: Mortgage Insurance Certificate (MIC) not provided

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is less than or equal to 35%. The representative FICO score is above 680.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is less than or equal to 35%. The representative FICO score is above 680.

Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC

03/05/2025

2

C

B

C

B

C

B

C

B

C

B

AL

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813842

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

AL

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813842

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: x

3

D

D

D

D

D

D

D

D

D

D

AL

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813842

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

AL

Primary

Purchase

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813842

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Final Closing Disclosure Mortgage Insurance Payment

TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed a mortgage insurance payment for payment stream [Redacted] that does not match the actual payment for the loan.

2

C

B

C

B

C

B

C

B

C

B

AL

Primary

Purchase

TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813842

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Status Test

TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.

2

C

B

C

B

C

B

C

B

C

B

AL

Primary

Purchase

No Defined Cure

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813842

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

CHARM Booklet Disclosure Status

TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.

2

C

B

C

B

C

B

C

B

C

B

AL

Primary

Purchase

No Defined Cure

D

D

C

C

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813843

xx

xx

xx

xx

Credit

Disclosure

Missing Document

Disclosure

E-sign Consent Agreement is missing.

-

3

C

C

C

C

C

C

C

C

C

C

CA

Second Home

Refinance - Cash-out - Other

C

C

C

C

C

B

A

A

Higher Priced QM (APOR)

Higher Priced QM (APOR)

No

223813843

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income documentation requirements not met.

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Refinance - Cash-out - Other

C

C

C

C

C

B

A

A

Higher Priced QM (APOR)

Higher Priced QM (APOR)

No

223813843

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank xxxx): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

CA

Second Home

Refinance - Cash-out - Other

C

C

C

C

C

B

A

A

Higher Priced QM (APOR)

Higher Priced QM (APOR)

No

223813843

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of[Redacted] which is [Redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

CA

Second Home

Refinance - Cash-out - Other

C

C

C

C

C

B

A

A

Higher Priced QM (APOR)

Higher Priced QM (APOR)

No

223813843

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank xxxx): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Refinance - Cash-out - Other

C

C

C

C

C

B

A

A

Higher Priced QM (APOR)

Higher Priced QM (APOR)

No

223813843

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank xxxx): Originator Loan Designation of [redacted]QM (APOR) does not match Due Diligence Loan Designation of Higher Priced QM (APOR).

03/31/2025

1

B

A

C

A

B

A

C

A

B

A

CA

Second Home

Refinance - Cash-out - Other

Lender to provide updated ATR/QM status

C

C

C

C

C

B

A

A

Higher Priced QM (APOR)

Higher Priced QM (APOR)

Yes

223813843

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Employment - Schedule C

General QM: Unable to verify current [redacted] status using reasonably reliable third-party records.

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Refinance - Cash-out - Other

C

C

C

C

C

B

A

A

Higher Priced QM (APOR)

Higher Priced QM (APOR)

No

223813843

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Income and Assets - Schedule C

General QM: Unable to verify [redacted] income using reasonably reliable third-party records.

03/31/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Refinance - Cash-out - Other

C

C

C

C

C

B

A

A

Higher Priced QM (APOR)

Higher Priced QM (APOR)

No

223813843

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Income/Asset Guideline Deficiency - QM Impact

General QM:  There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.)

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Refinance - Cash-out - Other

C

C

C

C

C

B

A

A

Higher Priced QM (APOR)

Higher Priced QM (APOR)

No

223813843

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

CA

Second Home

Refinance - Cash-out - Other

C

C

C

C

C

B

A

A

Higher Priced QM (APOR)

Higher Priced QM (APOR)

No

223813843

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing [redacted] or more guideline components, the loan is at QM risk.

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Refinance - Cash-out - Other

C

C

C

C

C

B

A

A

Higher Priced QM (APOR)

Higher Priced QM (APOR)

No

223813843

xx

xx

xx

xx

Credit

Income

Income Error

Income

Income document is missing the document date and/or tax year.

-

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

CA

Second Home

Refinance - Cash-out - Other

C

C

C

C

C

B

A

A

Higher Priced QM (APOR)

Higher Priced QM (APOR)

No

223813843

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

CA

Second Home

Refinance - Cash-out - Other

C

C

C

C

C

B

A

A

Higher Priced QM (APOR)

Higher Priced QM (APOR)

No

223813843

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

CA

Second Home

Refinance - Cash-out - Other

C

C

C

C

C

B

A

A

Higher Priced QM (APOR)

Higher Priced QM (APOR)

No

223813844

xx

xx

xx

xx

Credit

Insurance

Insurance Documentation

Insurance

Missing Document: Mortgage Insurance Certificate (MIC) not provided

Borrower has been employed in the same industry for more than 5 years. Borrower has worked in the same position for more than 3 years. The representative FICO score is above 680.

Borrower has been employed in the same industry for more than 5 years. Borrower has worked in the same position for more than 3 years. The representative FICO score is above 680.

Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC

03/05/2025

2

C

B

C

B

C

B

C

B

C

B

PA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813844

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: x

3

D

D

D

D

D

D

D

D

D

D

PA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813844

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813844

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank xxxx): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813844

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

PA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813844

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [Redacted] which is [Redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

PA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813844

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank xxxx): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

PA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813844

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

PA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813844

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted]([redacted]) business days prior to closing.

2

C

B

C

B

C

B

C

B

C

B

PA

Primary

Purchase

No Defined Cure

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813844

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Interim Closing Disclosure Timing Test

TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least [redacted]([redacted]) business days prior to consummation

2

C

B

C

B

C

B

C

B

C

B

PA

Primary

Purchase

TRID timing exception, no remediation available.

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813844

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

PA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813845

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

VA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813845

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income documentation requirements not met.

03/11/2025

1

C

A

C

A

C

A

C

A

C

A

VA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813845

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

VA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813845

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

VA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813845

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank xxxx): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

VA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813845

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank xxxx): Originator Loan Designation of [redacted] QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk.

03/11/2025

1

B

A

C

A

B

A

C

A

B

A

VA

Primary

Refinance - Cash-out - Other

Lender to provide updated ATR/QM status

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813845

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Income/Asset Guideline Deficiency - QM Impact

General QM:  There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.)

03/11/2025

1

C

A

C

A

C

A

C

A

C

A

VA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813845

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - Affiliated Business Arrangement Disclosure Not Provided Within x Business Days of Application

RESPA Disclosure Rule: Creditor did not provide Affiliated Business Arrangement Disclosure to applicant within [redacted] ([redacted]) business days of application.

2

B

B

B

B

B

B

B

B

B

B

VA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813845

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

VA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813845

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

ARM Disclosure Status Test

TIL variable rate disclosure: ARM loan program disclosure not provided to the borrower.

2

C

B

C

B

C

B

C

B

C

B

VA

Primary

Refinance - Cash-out - Other

No Defined Cure

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813845

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

CHARM Booklet Disclosure Status

TIL variable rate disclosure: Consumer Handbook on Adjustable Rate Mortgages, CHARM Booklet, not provided to the borrower.

2

C

B

C

B

C

B

C

B

C

B

VA

Primary

Refinance - Cash-out - Other

No Defined Cure

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813845

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing [redacted] or more guideline components, the loan is at QM risk.

03/11/2025

1

C

A

C

A

C

A

C

A

C

A

VA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813845

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Appraisal Fee.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

02/27/2025

1

A

A

A

A

A

A

A

A

A

A

VA

Primary

Refinance - Cash-out - Other

Final CD evidences Cure

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813845

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing

TILA-RESPA Integrated Disclosure: [redacted]Percent Fee Tolerance exceeded for Transfer Tax.  Fee Amount of $[redacted]exceeds tolerance of $[redacted].  Sufficient or excess cure was provided to the borrower at Closing.

02/27/2025

1

A

A

A

A

A

A

A

A

A

A

VA

Primary

Refinance - Cash-out - Other

Final CD evidences Cure

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813845

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Compliance

Initial Application Indicated ARM Product

Unable to determine if the Intiial Loan Application indicated the loan was an Adjustable Rate Mortgage due to missing information.

03/07/2025

1

A

A

A

A

A

VA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813845

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

VA

Primary

Refinance - Cash-out - Other

C

B

C

A

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813846

xx

xx

xx

xx

Credit

Insurance

Insurance Documentation

Insurance

Missing Document: Mortgage Insurance Certificate (MIC) not provided

Borrower has verified disposable income of at least $2500.00.

Borrower has verified disposable income of at least $2500.00.

Aggregator,SitusAMC

03/05/2025

2

C

B

C

B

C

B

C

B

C

B

GA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813846

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: x

3

D

D

D

D

D

D

D

D

D

D

GA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813846

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

GA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813846

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

GA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813846

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank xxxx): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

GA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813846

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

GA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813846

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Closing Disclosure Issue Date Not Provided

TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [redacted] did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available.

2

C

B

C

B

C

B

C

B

C

B

GA

Primary

Purchase

Good Faith Redisclosure

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813846

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Closing Disclosure Issue Date Not Provided

TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [redacted] did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available.

2

C

B

C

B

C

B

C

B

C

B

GA

Primary

Purchase

Good Faith Redisclosure

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813846

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Closing Disclosure Issue Date Not Provided

TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on [redacted] did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available.

2

C

B

C

B

C

B

C

B

C

B

GA

Primary

Purchase

Good Faith Redisclosure

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813846

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Interim Closing Disclosure Timing Test

TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after [redacted] contains a change in APR and was not received by borrower at least [redacted] ([redacted]) business days prior to consummation

2

C

B

C

B

C

B

C

B

C

B

GA

Primary

Purchase

TRID timing exception, no remediation available.

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813846

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted].  Insufficient or no cure was provided to the borrower.

2

C

B

C

B

C

B

C

B

C

B

GA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813846

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

GA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813846

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

GA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813847

xx

xx

xx

xx

Credit

Insurance

Insurance Documentation

Insurance

Missing Document: Mortgage Insurance Certificate (MIC) not provided

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. The representative FICO score is above 680.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. The representative FICO score is above 680.

Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC

03/05/2025

2

C

B

C

B

C

B

C

B

C

B

MN

Primary

Purchase

C

B

C

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813847

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank xxxx): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

MN

Primary

Purchase

C

B

C

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813847

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded. Total amount of $[redacted] exceeds tolerance of $[redacted] plus [redacted]% or $[redacted].  Insufficient or no cure was provided to the borrower.

2

C

B

C

B

C

B

C

B

C

B

MN

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

C

B

C

B

C

B

A

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813848

xx

xx

xx

xx

Credit

Insurance

Insurance Documentation

Insurance

Missing Document: Mortgage Insurance Certificate (MIC) not provided

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score is above 680.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score is above 680.

Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC

03/05/2025

2

C

B

C

B

C

B

C

B

C

B

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813848

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813848

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

03/05/2025

1

C

A

C

A

C

A

C

A

C

A

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813848

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: x

3

D

D

D

D

D

D

D

D

D

D

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813848

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813848

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813848

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank xxxx): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813848

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813848

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided

TILA-RESPA Integrated Disclosure: [redacted] Percent Fee Tolerance exceeded for Loan Discount Points.  Fee Amount of $[redacted] exceeds tolerance of $[redacted] .  Insufficient or no cure was provided to the borrower.

03/28/2025

1

C

A

C

A

C

A

C

A

C

A

IA

Primary

Purchase

Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813848

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813849

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank xxxx): Creditor did not provide a copy of each valuation to applicant [redacted] ([redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813849

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813849

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank xxxx): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813849

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813849

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster.

03/05/2025

1

C

A

C

A

C

A

C

A

C

A

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813849

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813849

xx

xx

xx

xx

Credit

Insurance

Insurance Documentation

Insurance

Missing Document: Mortgage Insurance Certificate (MIC) not provided

Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score is above 680.

Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score is above 680.

Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC

03/05/2025

2

C

B

C

B

C

B

C

B

C

B

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813849

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: x

3

D

D

D

D

D

D

D

D

D

D

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813849

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank xxxx ): Originator Loan Designation of[redacted] QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk.

03/10/2025

1

B

A

C

A

B

A

C

A

B

A

IA

Primary

Purchase

Lender to provide updated ATR/QM status

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813849

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Income/Asset Guideline Deficiency - QM Impact

General QM:  There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay.  (Exception is eligible to be regraded with compensating factors.)

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813849

xx

xx

xx

xx

Credit

Income / Employment

Income Documentation

Income / Employment

Income documentation requirements not met.

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813849

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing [redacted] or more guideline components, the loan is at QM risk.

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813849

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

IA

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813850

xx

xx

xx

xx

Credit

Insurance

Insurance Documentation

Insurance

Missing Document: Mortgage Insurance Certificate (MIC) not provided

Borrower has verified disposable income of at least $2500.00. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is less than or equal to 35%.

Borrower has verified disposable income of at least $2500.00. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is less than or equal to 35%.

Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC

03/05/2025

2

C

B

C

B

C

B

C

B

C

B

MD

Primary

Purchase

C

C

C

B

C

C

C

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813850

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Purchase

C

C

C

B

C

C

C

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813850

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Missing Document: Appraisal was made "subject to" and Form xxxxD/xxx was not provided.

-

03/19/2025

1

C

A

C

A

C

A

C

A

C

A

MD

Primary

Purchase

C

C

C

B

C

C

C

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813850

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

MD

Primary

Purchase

C

C

C

B

C

C

C

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813850

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

MD

Primary

Purchase

C

C

C

B

C

C

C

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813850

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted] ([redacted]) business days prior to closing.

3

C

C

C

C

C

C

C

C

C

C

MD

Primary

Purchase

No Defined Cure

C

C

C

B

C

C

C

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813850

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank xxxx): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

MD

Primary

Purchase

C

C

C

B

C

C

C

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813850

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of[redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

MD

Primary

Purchase

C

C

C

B

C

C

C

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813850

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

MD

Primary

Purchase

C

C

C

B

C

C

C

A

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813851

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

NM

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Non QM

No

223813851

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

NM

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Non QM

No

223813851

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: x

3

D

D

D

D

D

D

D

D

D

D

NM

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Non QM

No

223813851

xx

xx

xx

xx

Credit

Insurance

Insurance Documentation

Insurance

Missing Document: Mortgage Insurance Certificate (MIC) not provided

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score is above 680.

Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score is above 680.

Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC

03/05/2025

2

C

B

C

B

C

B

C

B

C

B

NM

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Non QM

No

223813851

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID

ECOA Appraisal Disclosure - ECOA Timing

ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within [redacted] days of the loan application date.

03/18/2025

1

B

A

B

A

B

A

B

A

B

A

NM

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Non QM

No

223813851

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

RESPA Disclosure Rule (Dodd-Frank [redacted]): List of Homeownership Counseling Organizations not provided to applicant within [redacted]([redacted]) business days of application.

03/18/2025

1

B

A

B

A

B

A

B

A

B

A

NM

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Non QM

No

223813851

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Loan Estimate Timing

TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within [redacted] ([redacted]) business days of application.

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

NM

Primary

Purchase

No Defined Cure

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Non QM

No

223813851

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank xxxx): Originator Loan Designation of [redacted] QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Risk.

03/19/2025

1

B

A

C

A

B

A

C

A

B

A

NM

Primary

Purchase

Lender to provide updated ATR/QM status

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Non QM

Yes

223813851

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor and QM DTIs match and both moderately exceed Guidelines

General QM: The DTI calculated in accordance with the Lenders Guidelines and [redacted]([redacted]) of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.)

03/19/2025

1

C

A

C

A

C

A

C

A

C

A

NM

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Non QM

No

223813851

xx

xx

xx

xx

Credit

Borrower and Mortgage Eligibility

Mortgage / Program Eligibility

Borrower and Mortgage Eligibility

AUS Findings: Investor qualifying total debt ratio discrepancy.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower has verified disposable income of at least $2500.00.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower has verified disposable income of at least $2500.00.

Aggregator,SitusAMC Aggregator,SitusAMC

03/19/2025

2

C

B

C

B

C

B

C

B

C

B

NM

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Non QM

No

223813851

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Violation

General QM: Based on the loan failing [redacted]or more guideline components, the loan is at QM risk.

03/19/2025

1

C

A

C

A

C

A

C

A

C

A

NM

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Non QM

No

223813851

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - ATR Risk

Ability to Repay (Dodd-Frank xxxx): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.

03/20/2025

1

A

A

A

A

A

NM

Primary

Purchase

Lender to provide updated ATR/QM Loan Designation

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Non QM

Yes

223813851

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General Ability To Repay Provision Investor Guidelines

Ability to Repay (Dodd-Frank xxxx ): Based on the loan failing [redacted] or more guideline components, the loan is at ATR risk.

03/19/2025

1

A

A

A

A

A

NM

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Non QM

No

223813851

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines

Ability to Repay (Dodd-Frank xxxx): The DTI calculated in accordance with the Lenders Guidelines and [redacted] of [redacted]% moderately exceeds the guideline maximum of [redacted]%. (DTI Exception is eligible to be regraded with compensating factors.)

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower has verified disposable income of at least $2500.00.

Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. Borrower has verified disposable income of at least $2500.00.

Aggregator,SitusAMC Aggregator,SitusAMC

03/19/2025

2

B

B

B

B

B

NM

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Non QM

No

223813851

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Restated Loan Designation Match - General Ability to Repay

Ability to Repay (Dodd-Frank xxxx): The initial Loan Designation provided did not match.  However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM.

2

A

B

B

B

A

NM

Primary

Purchase

D

D

C

B

C

B

D

D

Safe Harbor QM (APOR)

Non QM

No

223813852

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized. Secondary  valuation is missing. Sec ID: x

3

D

D

D

D

D

D

D

D

D

D

NC

Second Home

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813852

xx

xx

xx

xx

Credit

Credit

AUS Discrepancy / Guidelines Discrepancy

Guideline

AUS/Guideline Findings: All conditions were not met

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

NC

Second Home

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813852

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

NC

Second Home

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813852

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ECOA

ECOA Appraisal - Copy of Appraisal Not Provided x Business Days Prior to Consummation

ECOA Valuations Rule (Dodd-Frank xxxx): Creditor did not provide a copy of each valuation to applicant [redacted]([redacted]) business days prior to consummation.

2

B

B

B

B

B

B

B

B

B

B

NC

Second Home

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813852

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

NC

Second Home

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813852

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of [redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

NC

Second Home

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813852

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank xxxx): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

NC

Second Home

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813852

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

Check Loan Designation Match - QM

Qualified Mortgage (Dodd-Frank xxxx): Originator Loan Designation of [redacted] QM (APOR) does not match Due Diligence Loan Designation of QM (APOR) Fail.

03/10/2025

1

B

A

C

A

B

A

C

A

B

A

NC

Second Home

Purchase

Lender to provide updated ATR/QM status

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

Yes

223813852

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM - Missing Investor Guideline Qualifying Total Debt Ratio

Unable to complete QM testing due to missing investor guideline qualifying total debt ratio.

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

NC

Second Home

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813852

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

ATR/QM Defect

General QM Provision Investor Guidelines Not Provided

General QM: Unable to determine ability to repay due to missing guidelines. Loan characteristics are DTI: [redacted]%, LTV/CLTV: [redacted]%/[redacted]%, Credit Score: [redacted], Occupancy: [redacted], Purpose: [redacted],

03/10/2025

1

C

A

C

A

C

A

C

A

C

A

NC

Second Home

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813852

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

NC

Second Home

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813852

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TRID Defect

TRID Initial Closing Disclosure Timing without Waiver

TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least [redacted]([redacted]) business days prior to closing.

03/18/2025

1

C

A

C

A

C

A

C

A

C

A

NC

Second Home

Purchase

No Defined Cure

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813852

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

NC

Second Home

Purchase

D

D

C

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813853

xx

xx

xx

xx

Property

Property - Appraisal

Appraisal Documentation

Property - Appraisal

Loan is to be securitized, and was originated with an Appraisal Waiver. The supporting secondary valuation is missing. Sec ID: xx

3

D

D

B

B

D

D

C

C

D

D

NV

Primary

Refinance - Rate/Term

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813853

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Non-Required Data

(Missing Data) Last Rate Set Date

Last Date Rate Set and Initial Rate Lock Date not provided.  Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing.

2

B

B

B

B

B

B

B

B

B

B

NV

Primary

Refinance - Rate/Term

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813853

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

No evidence of application date located in file.  Compliance tests were run using an application date of[redacted] which is [redacted] months prior to consummation. A lookback was performed to determine this application date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

NV

Primary

Refinance - Rate/Term

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813853

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

TILA

NMLS - Missing Evidence of Initial Loan Application Date

Truth in Lending Act (NMLSR Dodd- Frank xxxx): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date.

03/06/2025

1

C

A

C

A

C

A

C

A

C

A

NV

Primary

Refinance - Rate/Term

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813853

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

RESPA

RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within x Business Days of Application

Unable to determine compliance with timing requirements due to missing Initial Loan Application Date.

03/06/2025

1

B

A

B

A

B

A

B

A

B

A

NV

Primary

Refinance - Rate/Term

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813853

xx

xx

xx

xx

Compliance

Loan Package Documentation

Application / Processing

Missing, Incorrect, or Incomplete Final or Initial 1003

Missing Document: Missing Lender's Initial xxxx

2

B

B

B

B

B

B

B

B

B

B

NV

Primary

Refinance - Rate/Term

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223813853

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing Application Date

Alternate source used for application date

2

B

B

B

B

B

NV

Primary

Refinance - Rate/Term

D

D

A

A

C

B

D

D

Safe Harbor QM (APOR)

Safe Harbor QM (APOR)

No

223815640

xx

xx

xx

xx

Credit

Loan Package Documentation

Application / Processing

Loan Package Documentation

Missing Document: Missing Final xxxx

3

C

C

C

C

C

C

C

C

C

C

GA

Investment

Purchase

B

B

B

B

No

223815640

xx

xx

xx

xx

Compliance

Compliance

Miscellaneous Compliance

Missing, Incorrect, or Incomplete GFE

(Doc Error) Initial GFE not provided

2

B

B

B

B

B

B

B

B

B

B

GA

Investment

Purchase

B

B

B

B

No

223815640

xx

xx

xx

xx

Compliance

Compliance

Federal Compliance

Missing Application Date

Missing Initial Loan Application Test

2

B

B

B

B

B

B

B

B

B

B

GA

Investment

Purchase

B

B

B

B

No