Exhibit 99.7

 

EXHIBIT 99.7      CLAYTON WAIVED CONDITIONS SUMMARY

 

 

 

 

Client Name:      
Client Project Name: SEMT 2025-8    
Start - End Dates: 3/10/2025 - 7/15/2025    
Deal Loan Count: 284    
         
Waived Conditions Summary

 

Review Scope Category Code Description Count
Credit Terms/Guidelines CRDTER109 Cash Out Amount Exceeds Guidelines 2
Credit Terms/Guidelines CRDTER110 Loan amount exceeds guideline maximum 1
Credit Terms/Guidelines CRDTER3122 Loan documents do not meet guideline requirements 1
Credit Terms/Guidelines CRDTER4643 Borrower does not meet guideline requirements 1
Credit Credit/Mtg History CRDCRMH104 Credit score below guidelines 2
Credit Credit/Mtg History CRDCRMH118 Mortgage/rental lates exceed guidelines 1
Credit Credit/Mtg History CRDCRMH124 Collections, Liens, etc. not paid as required by guidelines 1
Credit Credit/Mtg History CRDCRMH193 Length of mortgage/rental history in file does not meet guideline requirement 3
Credit DTI CRDDTI105 Debt Ratio Exception 5% or Less 4
Credit LTV/CLTV CRDLTV3026 LTV Exceeds Guideline Requirement by at least 5%, but less than 10% 5
Credit LTV/CLTV CRDLTV3028 LTV Exceeds Guideline Requirement by 10% or more 1
Credit LTV/CLTV CRDLTV3032 CLTV Exceeds Guideline Requirement by 10% or more 1
Credit LTV/CLTV CRDLTV3260 HCLTV Exceeds Guideline Requirement by 10% or more 1
Credit Income/Employment CRDINC150 Income docs do not meet guidelines 2
Credit Income/Employment CRDINC2408 Income verification does not meet guidelines 2
Credit Income/Employment CRDINC2488 Verbal verification of employment missing 1
Credit Income/Employment CRDINC2496 Verbal verification of employment completed outside the stated requirements and/or after closing/funding 2
Credit Income/Employment CRDINC3204 Income Documentation Missing 1
Credit Income/Employment CRDINC3258 Missing Profit and Loss statement for one or more Self Employed borrowers 3
Credit Income/Employment CRDINC888 Income Amount is  Unsupported by Documentation in File 2
Credit Income/Employment CRDINC889 Income is Not Reasonable 1
Credit Assets CRDAST206 Asset Amounts Are Unsupported by Documentation in File 1
Credit Assets CRDAST2354 Asset Verification In File is Incomplete Per Requirements 1
Credit Assets CRDAST3078 Insufficient # of months cash reserves for PITI per guideline requirements 5
Property Valuations Property PRVAPROP177 Property Issues Indicated 2
Property Valuations Property PRVAPROP245 Escrow for Repairs - Not Released 1
Property Valuations Appraisal PRVAAPPR2300 Missing Second Appraisal required per guidelines 1
Property Valuations Appraisal PRVAAPPR275 Completed "Subject To" w/o Completion Cert in File 2
Property Valuations Appraisal PRVAAPPR3116 Missing updated valuation 2
Compliance TILA/RESPA Integrated Disclosure CMPTRID3552 TRID - Loan Estimate not timely 1
Compliance Right of Rescission  CMPROR1909 Incorrect ROR Form Used - H8 Form Used in Refinance With Original Creditor 1
Compliance Documentation CMPDOC2500 Some funds escrowed based on written agreement for completion of improvements to property 2
Compliance RESPA CMPRESPA863 RESPA: Required Affiliate Business Disclosure missing 1
Total       58

 

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