Client Name:

XXX

Client Project Name:

XXX

Start - End Dates:

XXX

Deal Loan Count:

XXX

Conditions Report XXX

Loans in Report:

XXX

Loans with Conditions:

XXX

XXX - Total Active Conditions

XXX - Non-Material Conditions

XXX - Credit Review Scope

XXX - Category: Application

XXX - Category: Assets

XXX - Category: Credit/Mtg History

XXX - Category: DTI

XXX - Category: Income/Employment

XXX - Category: LTV/CLTV

XXX - Category: Terms/Guidelines

XXX - Category: XXX

XXX - Property Valuations Review Scope

XXX - Category: Property

XXX - Compliance Review Scope

XXX - Category: Ability to Repay/Qualified Mortgage

XXX - Category: Borrower's Interest

XXX - Category: Compliance Manual

XXX - Category: XXX Consumer Protection

XXX - Category: Repayment Ability

XXX - Category: XXX

XXX - Category: XXX Consumer Protection

XXX - Category: XXX Prepayment Penalty

XXX - Category: XXX Rate Spread

XXX - Category: XXX

XXX - Category: XXX Integrated Disclosure

XXX - Total Satisfied Conditions

XXX - Credit Review Scope

XXX - Category: Application

XXX - Category: Assets

XXX - Category: Credit/Mtg History

XXX - Category: DTI

XXX - Category: Income/Employment

XXX - Category: Insurance

XXX - Category: Legal Documents

XXX - Category: Terms/Guidelines

XXX - Property Valuations Review Scope

XXX - Category: Appraisal

XXX - Category: XXX

XXX - Category: Property

XXX - Category: Value

XXX - Compliance Review Scope

XXX - Category: Ability to Repay/Qualified Mortgage

XXX - Category: Compliance Manual

XXX - Category: Documentation

XXX - Category: XXX Higher-Priced

XXX - Category: XXX Charge Tolerance

XXX - Category: XXX

XXX - Category: Right of Rescission

XXX - Category: State Consumer Protection

XXX - Category: XXX

XXX - Category: XXX

XXX - Category: XXX Integrated Disclosure

XXX - Total Waived Conditions

XXX - Credit Review Scope

XXX - Category: Application

XXX - Category: Assets

XXX - Category: Credit/Mtg History

XXX - Category: DTI

XXX - Category: Income/Employment

XXX - Category: LTV/CLTV

XXX - Category: Terms/Guidelines

XXX - Property Valuations Review Scope

XXX - Category: Property

 

 

 

 

XXX. All rights reserved. Ownership and use of this report is governed by the XXX agreement between XXX and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.

Client Name:

XXX

Client Project Name:

XXX

Start - End Dates:

XXX

Deal Loan Count:

XXX

Conditions Report XXX

Loans in Report:

XXX

Loans with Conditions:

XXX

Loan Number

Original Principal Balance

State

Initial Lender ATR/QM Status

Loan Level ATR/QM Status

Initial Securitization Overall Loan Grade

Final Securitization Overall Loan Grade

Initial Securitization Credit Loan Grade

Final Securitization Credit Loan Grade

Initial Securitization Property Valuations Loan Grade

Final Securitization Property Valuations Loan Grade

Initial Securitization Compliance Loan Grade

Final Securitization Compliance Loan Grade

Initial S&P Overall Loan Grade

Final S&P Overall Loan Grade

Initial S&P Credit Loan Grade

Final S&P Credit Loan Grade

Initial S&P Property Valuations Loan Grade

Final S&P Property Valuations Loan Grade

Initial S&P Compliance Loan Grade

Final S&P Compliance Loan Grade

Condition Category

ConditionSub Category

Condition Status

Initial Securitization Condition Grade

Final Securitization Condition Grade

Initial S&P Condition Grade

Final S&P Condition Grade

Condition Code

Condition Description

Condition Material Indicator

Initial Comments

Client/Seller Response Comments

Conclusion Comments

TRID Error Type

Cure Method

Compensating Factors

80000110434

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

State Rate Spread

Active

B

B

B

B

XXX

XXX Higher-Priced Loan

No

Test APR is XXX% versus CA higher priced loan XXX rate of XXX% for a variance of XXX% exceeding the CA higher priced loan rate spread trigger of XXX%.

(No Data)s

(No Data)

(No Data)

Not Applicable

XXX: DTI below guideline requirement

- XXX Comments:  DTI is XXX%.

 

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower with same employer for XXX years.

 

80000110434

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing AVM to support the value of $XXX

XXX - AVM supporting origination value provided.

XXX - Exception satisfied.

(No Data)

Not Applicable

XXX: DTI below guideline requirement

- XXX Comments:  DTI is XXX%.

 

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower with same employer for XXX years.

 

80000111805

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

Documentation

Satisfied

D

A

D

A

XXX

Missing XXX

No

Missing XXX Rider.

XXX  Lender provided only a XXX stating that the property is not a XXX; it is not from the XXX Company.  Exception remains.  XXX - After further review at client request, exception remains.  XXX in file reflects that subject is located in XXX.  However, there is no XXX Rider noted or attached to the Deed of Trust.XXX: Lender provided a corrected, fully executed recorded mortgage with the XXX rider attached.Exception satisfied.

XXX: Exception satisfied.

(No Data)

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has XXX years at current employer

 

XXX: Good credit history

- XXX Comments:  No late payments in borrower's history

 

XXX: Significant time in profession

- XXX Comments:  Borrower has XXX years in the industry

 

80000111805

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

A

A

A

A

D

B

D

B

A

A

A

A

D

B

Compliance

State Rate Spread

Active

B

B

B

B

XXX

XXX Higher-Priced Loan

No

Test APR is XXX% versus XXX higher priced loan XXX rate of XXX% for a variance of XXX% exceeding the XXX higher priced loan rate spread trigger of XXX%.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has XXX years at current employer

 

XXX: Good credit history

- XXX Comments:  No late payments in borrower's history

 

XXX: Significant time in profession

- XXX Comments:  Borrower has XXX years in the industry

 

80000111681

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

A

B

A

A

A

D

A

D

A

B

A

A

A

D

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

XXX

XXX - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the XXX review and render an accurate XXX status.

No

Missing verbal VOE supporting XXX-year employment history.

XXX  Lender provided the XXX dated XXX.

XXX  Exception satisfied.

(No Data)

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has been on current job for XXX years.

 

80000111681

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

A

B

A

A

A

D

A

D

A

B

A

A

A

D

A

Credit

Income/Employment

Satisfied

B

A

B

A

XXX

Verbal verification of employment missing

No

Missing verbal VOE dated within XXX days of mortgage date as required by guidelines.

XXX  Lender provided the XXX dated XXX.

XXX  Exception satisfied.

(No Data)

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has been on current job for XXX years.

 

80000111681

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

A

B

A

A

A

D

A

D

A

B

A

A

A

D

A

Credit

Income/Employment

Satisfied

N/A

A

N/A

A

XXX

Verbal verification of employment completed outside the stated requirements and/or after closing/funding

No

XXX  Lender provided the Verbal VOE however it is dated XXX of which is > XXX from disbursement date of XXX.

XXX  Lender provided the Verbal XXX however it is dated XXX of which is > XXX from disbursement date of XXX.   Exception remains.XXX  Lender provided the XXX dated XXX.

XXX  Exception satisfied.

(No Data)

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has been on current job for XXX years.

 

80000111365

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing AVM supporting appraised value of $XXX.

XXX - AVM supporting origination value provided.

XXX - Exception satisfied.

(No Data)

Not Applicable

XXX: DTI below guideline requirement

- XXX Comments:  DTI is XXX%.

 

XXX: Borrower has significant time at current job

- XXX Comments:  The borrower has been self employed for XXX years.

 

XXX: Additional documented income not used in qualifying

- XXX Comments:  The borrower has partnership income that was not used to qualify because it was not needed

 

XXX: Credit score exceeds guidelines

- XXX Comments:  The borrower's credit score is XXX, XXX points above the required XXX score.

 

80000114386

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

XXX Consumer Protection

Active

B

B

B

B

XXX

XXX verification found Loan Originator Name does not match ID but can identify that the XXX is the same

No

XXX License verification found Loan Originator Name does not match the loan documents.  XXX has middle name.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Significant time at current residence

- XXX Comments:  Borrowers have lived in the subject property for XXX years.

 

XXX: Co-Borrower has significant time at current job

- XXX Comments:  Co-borrower has been with current employer for XXX years.

 

80000116539

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

XXX: LTV below guideline requirements

- XXX Comments:  Qualifying LTV/CLTV is XXX/XXX%; max per guidelines is XXX%

 

80000118802

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has been with current employer for XXX years

 

XXX: Significant time at current residence

- XXX Comments:  Borrower has been at current residence for XXX years

 

80000118876

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

A

B

D

A

A

A

D

B

A

B

D

A

A

A

Credit

Terms/Guidelines

Active

N/A

B

N/A

B

XXX

Missing lender's loan approval/underwriting form

No

Provide the Lender's loan approval/underwriting form

(No Data)

XXX - After further review by XXX, exception graded XXX.  Ratios taken from Compliance Ease.

(No Data)

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  XXX years at XXX Systems

 

XXX: Postive mortgage payment history

- XXX Comments:  XXX mos. mtg history reviewed XXX days. Paid as agreed

 

XXX: Significant time at current residence

- XXX Comments:  XXX years current residence

 

80000118876

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

A

B

D

A

A

A

D

B

A

B

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing updated valuation to support appraised value of $XXX

XXX- AVM received with value of $XXX supporting appraised value.

XXX - Exception satisfied.

(No Data)

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  XXX years at XXX Systems

 

XXX: Postive mortgage payment history

- XXX Comments:  XXX mos. mtg history reviewed XXX days. Paid as agreed

 

XXX: Significant time at current residence

- XXX Comments:  XXX years current residence

 

80000119141

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

B

A

A

D

B

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing updated valuation supporting appraisal value of $XXX.

XXX- AVM received with value of $XXX.

XXX - Exception satisfied.

(No Data)

Not Applicable

XXX: DTI below guideline requirement

- XXX Comments:  DTI is XXX%.

 

XXX: Significant time at current residence

- XXX Comments:  Borrowers have resided at the subject property for XXX years.

 

XXX: Consumer credit history exceeds guidelines

- XXX Comments:  Borrowers have a credit history dating back to XXX with no XXX or late payments.

 

80000119141

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

B

A

A

D

B

A

A

Property Valuations

Value

Satisfied

N/A

A

N/A

B

XXX

Value Not Supported

No

AVM with value of $XXX does not support origination value of $XXX.  Variance of -XXX%.  A XXX is required.

XXX XXX XXX received valued at $XXX dated XXX, value supported.

XXX Exception Satisfied.

(No Data)

Not Applicable

XXX: DTI below guideline requirement

- XXX Comments:  DTI is XXX%.

 

XXX: Significant time at current residence

- XXX Comments:  Borrowers have resided at the subject property for XXX years.

 

XXX: Consumer credit history exceeds guidelines

- XXX Comments:  Borrowers have a credit history dating back to XXX with no XXX or late payments.

 

80000120398

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

XXX: Credit score exceeds guidelines

- XXX Comments:  Borrower's credit score is XXX, guideline maximum is XXX.

 

XXX: LTV below guideline requirements

- XXX Comments:  CLTV is XXX%. Guideline maximum CLTV is XXX%.

 

XXX: Postive mortgage payment history

- XXX Comments:  Credit report reflects no mortgage delinquency for XXX months. Guidelines requires no mortgage delinquency for XXX months.

 

XXX: Significant time at current residence

- XXX Comments:  Borrower is at current residence for XXX years.

 

XXX: Significant time in profession

- XXX Comments:  Borrower is in profession for XXX years.

 

XXX: Mortgage payment history exceeds guidelines

- XXX Comments:  Mortgage payment history of XXX months exceeds guidelines of XXX months.

 

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has significant time at current job of XXX years.

 

80000120797

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

C

A

A

A

C

A

A

A

C

B

A

A

C

B

A

A

Property Valuations

Value

Satisfied

C

A

C

B

XXX

Value Not Supported

No

AVM with value of $XXX does not support origination value of $XXX.  Variance of -XXX%.  A XXX is required.

XXX XXX XXX received valued at $XXX dated XXX, value supported.

XXX Exception Satisfied.

(No Data)

Not Applicable

XXX: Co-Borrower has significant time at current job

- XXX Comments:  Co-Borrower has been on current job for XXX years.

 

XXX: Significant time at current residence

- XXX Comments:  Borrowers have been at current residence for XXX years.

 

XXX: Postive mortgage payment history

- XXX Comments:  Positive mortgage payment history in the last XXX months XXX.

 

80000122228

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

XXX Consumer Protection

Active

B

B

B

B

XXX

XXX  verification found Loan Originator Name does not match ID but can identify that the XXX is the same

No

XXX license is not an exact match to the file documents.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Credit score exceeds guidelines

- XXX Comments:  FICO score of XXX is XXX points higher than the required score of XXX.

 

XXX: LTV below guideline requirements

- XXX Comments:  CLTV XXX% is XXX% lower than the maximum CLTV of XXX%.

 

XXX: DTI below guideline requirement

- XXX Comments:  DTI XXX% is XXX% lower than the maximum DTI of XXX%.

 

80000122228

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

B

B

A

A

A

A

B

B

B

B

A

A

A

A

B

B

Compliance

State Consumer Protection

Active

B

B

B

B

XXX

XXX Loan - No Evidence that XXX was delivered to the borrower

No

No Evidence that XXX XXX was delivered to the borrower

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Credit score exceeds guidelines

- XXX Comments:  FICO score of XXX is XXX points higher than the required score of XXX.

 

XXX: LTV below guideline requirements

- XXX Comments:  CLTV XXX% is XXX% lower than the maximum CLTV of XXX%.

 

XXX: DTI below guideline requirement

- XXX Comments:  DTI XXX% is XXX% lower than the maximum DTI of XXX%.

 

80000123271

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Compliance

XXX Consumer Protection

Active

B

B

B

B

XXX

XXX verification found Loan Originator Name does not match ID but can identify that the XXX is the same

No

Originator name on loan documents includes first and last name only.  Name in NMLS includes variations but not an exact match.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Credit score exceeds guidelines

- XXX Comments:  Borrower Credit Score is XXX, minimum is XXX.

 

XXX: Borrower has significant time at current job

- Clayton Comments:  Borrower has been with current employer for XXX years.

 

80000123271

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Property Valuations

Value

Satisfied

C

A

C

B

XXX

Value Not Supported

No

AVM dated XXX with value of $XXX is > XXX% of origination value of $XXX. A XXX is required.

XXX XXX XXX received valued at $XXX dated XXX, value supported.

XXX Exception Satisfied.

(No Data)

Not Applicable

XXX: Credit score exceeds guidelines

- XXX Comments:  Borrower Credit Score is XXX, minimum is XXX.

 

XXX: Borrower has significant time at current job

- Clayton Comments:  Borrower has been with current employer for XXX years.

 

80000123785

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

D

B

B

B

D

A

A

A

D

B

B

B

D

A

A

A

Credit

Income/Employment

Active

B

B

B

B

XXX

Verbal verification of employment completed outside the stated requirements and/or after closing/funding

No

Provide XXX for B2 within XXX days prior to closing date.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Co-Borrower has significant time at current job

- XXX Comments:  B2 has XXX years in same job.

 

XXX: DTI below guideline requirement

- XXX Comments:  DTI at XXX% below guideline requirement of XXX

 

XXX: LTV below guideline requirements

- XXX Comments:  LTV/CLTV is XXX%; guidelines allow XXX%.

 

80000123785

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

D

B

B

B

D

A

A

A

D

B

B

B

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing updated valuation supporting appraisal value $XXX.

XXX- AVM supporting origination value provided.

XXX - Exception satisfied.

(No Data)

Not Applicable

XXX: Co-Borrower has significant time at current job

- XXX Comments:  B2 has XXX years in same job.

 

XXX: DTI below guideline requirement

- XXX Comments:  DTI at XXX% below guideline requirement of XXX

 

XXX: LTV below guideline requirements

- XXX Comments:  LTV/CLTV is XXX%; guidelines allow XXX%.

 

80000125979

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Compliance

XXX Integrated Disclosure

Satisfied

A

A

A

A

XXX

XXX - Loan Estimate: An XXX is missing at least XXX required data point

No

XXX dated XXX was missing the XXX XXX, State and the Contact information.

(No Data)

XXX, Exception Satisfied since corrected on Final CD Dated XXX.

Hybrid

Not Applicable

XXX: Mortgage payment history exceeds guidelines

- XXX Comments:  Credit report reflects mortgage history of XXX payments with no delinquency.

 

XXX: Significant time in profession

- XXX Comments:  Borrower in same profession for XXX years. Co-borrower in same profession for XXX\ years.

 

80000126687

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing updated valuation supporting appraisal value $XXX.

XXX - AVM received with value of $XXX supporting appraised value.

XXX - Exception satisfied.

(No Data)

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has been on current job for XXX years.

 

XXX: Significant time at current residence

- XXX Comments:  Borrower has owned the subject property for XXX years.

 

XXX: Consumer credit history exceeds guidelines

- XXX Comments:  Borrower has had a credit history dating back to XXX with not derogatory accounts or late payments.

 

80000126381

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing updated valuation supporting appraisal value $XXX.

XXX- AVM received with value of $XXX supporting appraised value.

XXX - Exception satisfied.

(No Data)

Not Applicable

XXX: Significant time at current residence

- XXX Comments:  The borrowers have lived in the subject property for XXX years.

 

XXX: LTV below guideline requirements

- XXX Comments:  The CLTV is XXX%.  XXX% maximum allowed.

 

XXX: Credit score exceeds guidelines

- XXX Comments:  The borrower's credit score is XXX, or XXX points above the required XXX score.

 

80000126953

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

XXX: Significant time in profession

- XXX Comments:  The borrower has worked in the same profession for V years

 

XXX: Credit score exceeds guidelines

- XXX Comments:  The borrower's credit score is XXX, XXX points higher than the required XXX score need for XXX% CLTV financing

 

XXX: DTI below guideline requirement

- XXX Comments:  The DTI is XXX%; up to XXX% is allowed

 

80000127779

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Compliance

XXX Consumer Protection

Active

B

B

B

B

XXX

XXX verification found Loan Originator Name does not match ID but can identify that the XXX is the same

No

XXX reflects loan origination middle name, and loan documents have  XXX and last name only.  Can tie name to ID.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: DTI below guideline requirement

- XXX Comments:  DTI at XXX% below guideline requirement of XXX%.

 

XXX: Mortgage payment history exceeds guidelines

- XXX Comments:  Mortgage payment history of XXX months exceeds guidelines XXX months

 

XXX: Significant time at current residence

- XXX Comments:  Borrower resided at subject for XXX years.

 

80000127779

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Property Valuations

Value

Satisfied

C

A

C

B

XXX

Value Not Supported

No

AVM with value of $XXX does not support origination value of $XXX.  Variance of -XXX.  A BPO is required.

XXX  XXX received valued at $XXX dated XXX.  Value supported.

XXX Exception Satisfied.

(No Data)

Not Applicable

XXX: DTI below guideline requirement

- XXX Comments:  DTI at XXX% below guideline requirement of XXX%.

 

XXX: Mortgage payment history exceeds guidelines

- XXX Comments:  Mortgage payment history of XXX months exceeds guidelines XXX months

 

XXX: Significant time at current residence

- XXX Comments:  Borrower resided at subject for XXX years.

 

80000128977

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing AVM to support origination value of $XXX.

XXX - AVM supporting origination value provided.

XXX - Exception satisfied.

(No Data)

Not Applicable

(No Data)

80000129874

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

C

A

A

A

D

B

D

B

C

A

A

A

D

B

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

D

A

D

A

XXX

XXX - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the XXX review and render an accurate XXX status.

No

Missing XXX award letter for co borrower to support monthly income of $XXX

XXX - Lender provided the XXX Letter for the Co-Borrower of $XXX monthly XXX pay.

XXX  Exception satisfied.

(No Data)

Not Applicable

XXX: Mortgage payment history exceeds guidelines

- XXX Comments:  Mortgage payment history of XXX months exceeds guidelines of XXX months

 

XXX: Significant time at current residence

- XXX Comments:  Borrower resided for XXX years at subject.

 

XXX: Credit score exceeds guidelines

- XXX Comments:  Borrowers credit score of XXX exceeds guideline of XXX.

 

80000129874

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

C

A

A

A

D

B

D

B

C

A

A

A

D

B

Compliance

State Rate Spread

Active

B

B

B

B

XXX

XXX Higher-Priced Loan

No

Test APR is XXX% versus CA higher priced loan XXX rate of XXX% for a variance of XXX% exceeding the XXX higher priced loan rate spread trigger of XXX%.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Mortgage payment history exceeds guidelines

- XXX Comments:  Mortgage payment history of XXX months exceeds guidelines of XXX months

 

XXX: Significant time at current residence

- XXX Comments:  Borrower resided for XXX years at subject.

 

XXX: Credit score exceeds guidelines

- XXX Comments:  Borrowers credit score of XXX exceeds guideline of XXX.

 

80000129874

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

C

A

A

A

D

B

D

B

C

A

A

A

D

B

Credit

Income/Employment

Satisfied

C

A

C

A

XXX

Income Amount is  Unsupported by Documentation in File

No

Missing XXX award letter for co borrower to support monthly income of $XXX.

XXX - Lender provided the XXX Award Letter for the Co-Borrower of $XXX monthly XXX pay.

XXX  Exception satisfied.

(No Data)

Not Applicable

XXX: Mortgage payment history exceeds guidelines

- XXX Comments:  Mortgage payment history of XXX months exceeds guidelines of XXX months

 

XXX: Significant time at current residence

- XXX Comments:  Borrower resided for XXX years at subject.

 

XXX: Credit score exceeds guidelines

- XXX Comments:  Borrowers credit score of XXX exceeds guideline of XXX.

 

80000129874

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

C

A

A

A

D

B

D

B

C

A

A

A

D

B

Property Valuations

Appraisal

Satisfied

A

A

A

A

XXX

Missing updated valuation

No

Missing updated valuation supporting appraisal value $XXX.

XXX  AVM received supporting origination value.

XXX Exception satisfied.

(No Data)

Not Applicable

XXX: Mortgage payment history exceeds guidelines

- XXX Comments:  Mortgage payment history of XXX months exceeds guidelines of XXX months

 

XXX: Significant time at current residence

- XXX Comments:  Borrower resided for XXX years at subject.

 

XXX: Credit score exceeds guidelines

- XXX Comments:  Borrowers credit score of XXX exceeds guideline of XXX.

 

80000130999

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

D

B

D

A

A

A

D

B

D

B

D

A

A

A

Credit

Terms/Guidelines

Active

D

B

D

B

XXX

Missing lender's loan approval/underwriting form

No

Provide the Lender's loan approval/underwriting form

(No Data)

XXX - After further review by XXX, exception graded XXX.  Not a guideline requirement and ratios taken from Compliance Ease.

(No Data)

Not Applicable

XXX: Credit score exceeds guidelines

- XXX Comments:  Credit Score of XXX exceeds Program Guidelines of XXX.

 

XXX: DTI below guideline requirement

- XXX Comments:  DTI of XXX% is below Program Guidelines of XXX%

 

80000130999

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

D

B

D

A

A

A

D

B

D

B

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing updated valuation supporting appraised value of $XXX.

XXX - AVM received with value of $XXX  supporting origination value

XXX - Exception satisfied.

(No Data)

Not Applicable

XXX: Credit score exceeds guidelines

- XXX Comments:  Credit Score of XXX exceeds Program Guidelines of XXX.

 

XXX: DTI below guideline requirement

- XXX Comments:  DTI of XXX% is below Program Guidelines of XXX%

 

80000130999

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

D

B

D

A

A

A

D

B

D

B

D

A

A

A

Property Valuations

XXX

Satisfied

C

A

C

A

XXX

XXX, no subsequent inspection  (XXX & XXX)

No

No inspection since the XXX XXX- XXX.

XXX- Lender provided property inspection report reflecting no damages.

XXX- Exception satisfied.

(No Data)

Not Applicable

XXX: Credit score exceeds guidelines

- XXX Comments:  Credit Score of XXX exceeds Program Guidelines of XXX.

 

XXX: DTI below guideline requirement

- XXX Comments:  DTI of XXX% is below Program Guidelines of XXX%

 

80000131786

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

B

B

D

A

A

A

D

B

B

B

D

A

A

A

Credit

Terms/Guidelines

Active

B

B

B

B

XXX

Missing lender's loan approval/underwriting form

No

 Missing lender's loan worksheet

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Significant time at current residence

- XXX Comments:  Borrower has owned home for XXX years

 

XXX: Mortgage payment history exceeds guidelines

- XXX Comments:  Borrower has XXX past XXX mos. Min XXX mos. review per guides.

 

80000131786

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

B

B

D

A

A

A

D

B

B

B

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing updated valuation supporting appraisal value $XXX

XXX XXX AVM received valued at $XXX dated XXX, value supported.

XXX Exception Satisfied.

(No Data)

Not Applicable

XXX: Significant time at current residence

- XXX Comments:  Borrower has owned home for XXX years

 

XXX: Mortgage payment history exceeds guidelines

- XXX Comments:  Borrower has XXX past XXX mos. Min XXX mos. review per guides.

 

80000131863

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Compliance

XXX Consumer Protection

Active

B

B

B

B

XXX

XXX verification found Loan Originator Name does not match ID but can identify that the XXX is the same

No

Loan originator name reflects middle name in consumer access. Loan documents do not reflect middle name.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has XXX years on current job.

 

XXX: Significant time in profession

- XXX Comments:  Borrower has XXX years in profession.

 

80000131863

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

C

B

A

A

C

A

B

B

C

B

A

A

C

B

B

B

Property Valuations

Value

Satisfied

C

A

C

B

XXX

Value Not Supported

No

AVM returned value of $XXX which does not support appraised value of $XXX, variance of XXX%.  A BPO is required.

XXX XXX XXX received XXX valued at $XXX, value supported.

XXX Exception Satisfied.

(No Data)

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has XXX years on current job.

 

XXX: Significant time in profession

- XXX Comments:  Borrower has XXX years in profession.

 

80000131639

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

D

B

D

B

D

A

A

A

D

B

D

B

D

A

A

A

Credit

Terms/Guidelines

Active

D

B

D

B

XXX

Missing lender's loan approval/underwriting form

No

Missing the loan approval worksheet.

(No Data)

XXX - After further review by XXX, exception graded XXX.  Not a guideline requirement and ratios taken from XXX XXX.

(No Data)

Not Applicable

XXX: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX is XXX points higher than the required score of XXX.

 

XXX: DTI below guideline requirement

- XXX Comments:  DTI XXX% is XXX% below the maximum DTI of XXX%.

 

XXX: Mortgage payment history exceeds guidelines

- XXX Comments:  Mortgage rated XXX months with XXX.

 

XXX: Significant time in profession

- XXX Comments:  Has been in his profession for XXX years.

 

80000131639

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

D

B

D

B

D

A

A

A

D

B

D

B

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing the AVM supporting appraised value of $XXX

XXX AVM received  valued at $XXX.

XXX Exception Satisfied.

(No Data)

Not Applicable

XXX: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX is XXX points higher than the required score of XXX.

 

XXX: DTI below guideline requirement

- XXX Comments:  DTI XXX% is XXX% below the maximum DTI of XXX%.

 

XXX: Mortgage payment history exceeds guidelines

- XXX Comments:  Mortgage rated XXX months with XXX.

 

XXX: Significant time in profession

- XXX Comments:  Has been in his profession for XXX years.

 

80000132519

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

XXX Consumer Protection

Active

B

B

B

B

XXX

XXX  verification found Loan Originator Name does not match ID but can identify that the XXX is the same

No

Middle name missing on loan documents as opposed to NMLS.  Name can be tied to ID.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Credit score exceeds guidelines

- XXX Comments:  Credit Score of XXX is below maximum of XXX.

 

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower at current job for XXX years.

 

XXX: Significant time at current residence

- XXX Comments:  Borrower resided at current residence for XXX years.

 

80000132519

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing AVM supporting Appraised Value of $XXX

XXX AVM received value supported. $XXX

XXX - Exception Satisfied.

(No Data)

Not Applicable

XXX: Credit score exceeds guidelines

- XXX Comments:  Credit Score of XXX is below maximum of XXX.

 

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower at current job for XXX years.

 

XXX: Significant time at current residence

- XXX Comments:  Borrower resided at current residence for XXX years.

 

80000132372

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

State Rate Spread

Active

B

B

B

B

XXX

XXX Higher-Priced Loan

No

Test APR is XXX% verse CA higher priced loan XXX rate of XXX% for a variance of XXX% exceeding the CA higher priced loan rate spread trigger of XXX%.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Significant time at current residence

- XXX Comments:  XXX years at current residence

 

XXX: LTV below guideline requirements

- XXX Comments:  XXX.  Max allowed is XXX%.

 

80000132372

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing AVM supporting appraised value of $XXX

XXX - AVM received with value of $XXX supporting origination value.

XXX - Exception satisfied.

(No Data)

Not Applicable

XXX: Significant time at current residence

- XXX Comments:  XXX years at current residence

 

XXX: LTV below guideline requirements

- XXX Comments:  XXX.  Max allowed is XXX%.

 

80000137147

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

C

A

A

A

C

A

A

A

C

B

A

A

C

B

A

A

Property Valuations

Value

Satisfied

C

A

C

B

XXX

Value Not Supported

No

AVM received with value of $XXX which does not support origination value of $XXX.  Variance of -XXX%.  A BPO is required.

XXX XXX XXX received valued at $XXX dated XXX, value supported.

XXXException Satisfied.

(No Data)

Not Applicable

XXX: DTI below guideline requirement

- XXX Comments:  DTI is XXX%. Maximum allowable of XXX

 

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has XXX years on job.

 

XXX: Significant time at current residence

- XXX Comments:  Borrowers resided at subject for XXX years.

 

80000137604

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

D

B

B

B

D

A

C

A

D

B

B

B

D

A

C

A

Compliance

Ability to Repay/Qualified Mortgage

Satisfied

C

A

C

A

XXX

XXX - Loan subject to Ability to Repay/Qualified Mortgage rule; XXX status determination places loan in a XXX status than the Lender's status determination.

No

Compliance Ease report provided in the file reflects ATR/QM status determination of  XXX; however, Clayton review resulted in ATR/QM status of non-QM: Lender documented all ATR factor which is due to recalculated DTI of XXX% DTI.  Lender used overtime income of $XXX/month to qualify based on XXX month average of YTD and XXX overtime earnings.  However, overtime income has significantly declined from XXX to XXX.  Recalculated overtime income using YTD amount only averaged over XXX months is $XXX/month.

XXX: Lender provided a response stating we are using the XXX which was supported by the XXX earnings.  The borrower received a $XXX base pay increase from XXX to XXX, and even through their overtime has decreased their bonus and base salary has increased to cover the difference.  Their XXX earnings are slightly ahead of their XXX earnings.  However, since the overtime income is significantly declining, prior year's overtime earnings cannot be considered in the average.  Recalculated overtime income was based on YTD amount only averaged over XXX months (XXX XXX).- Exception remains.XXX- Lender responded that they used the total income average of XXX which was less then the average of XXX since the borrower base income was higher.Income recalculated and DTI is now XXX%

XXX- Exception satisfied.

(No Data)

Not Applicable

XXX: LTV below guideline requirements

- XXX Comments:  CLTV XXX% less than max XXX% CLTV

 

XXX: Credit score exceeds guidelines

- XXX Comments:  Credit Score XXX exceeds minimum score XXX.

 

80000137604

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

D

B

B

B

D

A

C

A

D

B

B

B

D

A

C

A

Credit

DTI

Satisfied

N/A

A

N/A

A

XXX

Debt Ratio Exception XXX% or Less

No

Recalculated DTI of XXX% exceeds max allowable DTI of XXX%.  Lender used overtime income of $XXX/month to qualify based on XXX month average of YTD and XXX overtime earnings.  However, overtime income has significantly declined from XXX to XXX.  Recalculated overtime income using YTD amount only averaged over XXX months is $XXX/month.

XXX- Lender responded that they used the total income average of XXX which was less then the average of XXX since the borrower base income was higher.Income recalculated and DTI is now XXX%

(No Data)

(No Data)

Not Applicable

XXX: LTV below guideline requirements

- XXX Comments:  CLTV XXX% less than max XXX% CLTV

 

XXX: Credit score exceeds guidelines

- XXX Comments:  Credit Score XXX exceeds minimum score XXX.

 

80000137604

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

D

B

B

B

D

A

C

A

D

B

B

B

D

A

C

A

Credit

Income/Employment

Active

A

B

A

B

XXX

Income docs do not meet guidelines

No

Lender used overtime and bonus income to qualify; however, this income has not been received for a full XXX years.  Per client guidelines, bonus or overtime will be accepted if it has been received for at least XXX consecutive years.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: LTV below guideline requirements

- XXX Comments:  CLTV XXX% less than max XXX% CLTV

 

XXX: Credit score exceeds guidelines

- XXX Comments:  Credit Score XXX exceeds minimum score XXX.

 

80000137604

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

D

B

B

B

D

A

C

A

D

B

B

B

D

A

C

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing AVM supporting appraisal value of $XXX.

XXX - AVM received with value of $XXX supporting origination value

XXX - Exception satisfied.

(No Data)

Not Applicable

XXX: LTV below guideline requirements

- XXX Comments:  CLTV XXX% less than max XXX% CLTV

 

XXX: Credit score exceeds guidelines

- XXX Comments:  Credit Score XXX exceeds minimum score XXX.

 

80000139745

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

D

A

A

A

D

A

A

A

D

A

A

A

D

A

A

A

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing AVM to support the appraised value of $XXX.

XXX - AVM received with value of $XXX supporting origination value

XXX - Exception satisfied.

(No Data)

Not Applicable

XXX: Credit score exceeds guidelines

- XXX Comments:  Credit score XXX exceeds XXX score

 

XXX: LTV below guideline requirements

- XXX Comments:  CLTV of XXX% is below maximum CLTV of XXX%.

 

XXX: Significant time in profession

- XXX Comments:  Borrower has XXX years in profession

 

80000139408

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

A

A

D

A

B

B

D

B

A

A

D

B

B

B

Compliance

XXX Consumer Protection

Active

B

B

B

B

XXX

XXX verification found Loan Originator Name does not match ID but can identify that the XXX is the same

No

Loan documents reflects XXX full first name and middle names which does not match exactly to names listed on the loan documents.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: LTV below guideline requirements

- XXX Comments:  CLTV of XXX% below max CLTV XXX%

 

80000139408

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

A

A

D

A

B

B

D

B

A

A

D

B

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing AVM supporting appraised value of $XXX.

XXX - AVM received with value of $XXX.

XXX - Exception satisfied.  However, additional exception generated since XXX does not support origination value.

(No Data)

Not Applicable

XXX: LTV below guideline requirements

- XXX Comments:  CLTV of XXX% below max CLTV XXX%

 

80000139408

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

D

B

A

A

D

A

B

B

D

B

A

A

D

B

B

B

Property Valuations

Value

Satisfied

N/A

A

N/A

B

XXX

Value Not Supported

No

AVM received with value of $XXX which does not support origination value of $XXX. Variance of -XXX%. A BPO is required.

XXX XXX XXX received valued at $XXX dated XXX, value supported.

XXX Exception Satisfied.

(No Data)

Not Applicable

XXX: LTV below guideline requirements

- XXX Comments:  CLTV of XXX% below max CLTV XXX%

 

80000142800

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Credit

Terms/Guidelines

Active

B

B

B

B

XXX

Missing lender's loan approval/underwriting form

No

Provide lenders approval worksheet.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Significant time at current residence

- XXX Comments:  XXX Years in the same residence.

 

XXX: Co-Borrower has significant time at current job

- XXX Comments:  On the job for XXX years.

 

XXX: Credit score exceeds guidelines

- XXX Comments:  XXX score.

 

80000142800

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

B

B

B

B

A

A

A

A

B

B

B

B

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

XXX

Missing updated valuation

No

Missing updated valuation supporting appraised value of $XXX

XXX XXX AVM received valued at $XXX dated XXX, value supported.

XXX Exception Satisfied.

(No Data)

Not Applicable

XXX: Significant time at current residence

- XXX Comments:  XXX Years in the same residence.

 

XXX: Co-Borrower has significant time at current job

- XXX Comments:  On the job for XXX years.

 

XXX: Credit score exceeds guidelines

- XXX Comments:  XXX score.

 

80000143557

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

B

B

B

Compliance

XXX Consumer Protection

Active

B

B

B

B

XXX

XXX verification found XXX Name does not match ID but can identify that the XXX is the same

No

XXX does not match, documents  in file show name as first and last.  XXX shows name with middle name and middle initial.  Able to identify that the loan originator are is XXX and the same.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Significant time in profession

- XXX Comments:  Borrower has been in same profession for XXX years.

 

80000143557

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

B

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing AVM supporting origination value of $XXX.

XXX - AVM received with no value stated.

XXX - Exception satisfied.  However, additional exception generated since AVM does not support origination value of $XXX.

(No Data)

Not Applicable

XXX: Significant time in profession

- XXX Comments:  Borrower has been in same profession for XXX years.

 

80000143557

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

D

B

A

A

D

A

B

B

D

B

A

A

D

B

B

B

Property Valuations

Value

Satisfied

N/A

A

N/A

B

XXX

Value Not Supported

No

AVM received with no value stated.  A XXX supporting origination value of $XXX is required.

XXX XXX XXX received valued at $XXX dated XXX, value supported.

XXX Exception Satisfied.

(No Data)

Not Applicable

XXX: Significant time in profession

- XXX Comments:  Borrower has been in same profession for XXX years.

 

80000143115

XXX

XXX

QM: Rebuttable Presumption

QM: Rebuttable Presumption

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

XXX

Missing updated valuation

No

Missing secondary valuation for securitization supporting appraised value of $XXX

XXX XXX AVM received valued at $XXX dated XXX, value supported.

XXX Exception Satisfied.

(No Data)

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  The borrower has been self-employed for XXX years

 

XXX: Significant time in profession

- XXX Comments:  The borrower has worked in the same profession for XXX years

 

XXX: Consumer credit history exceeds guidelines

- XXX Comments:  The borrower's credit score is XXX, XXX points above the required XXX score

 

80000146347

XXX

XXX

QM: Safe Harbor

QM: Safe Harbor

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

A

Property Valuations

Appraisal

Satisfied

A

A

A

A

XXX

Missing updated valuation

No

Missing  Desk Review to support the appraised value of $XXX

XXX XXX AVM received valued at $XXX dated XXX, value supported.

XXX Exception Satisfied.

(No Data)

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  XXX years at current job.

 

XXX: LTV below guideline requirements

- XXX Comments:  CLTV XXX.  Max allowed XXX

 

XXX: Postive mortgage payment history

- XXX Comments:  XXX mos. reviewed XXX days. Paid as agreed. Exceeds min of XXX mos review.

 

80020064218

XXX

XXX

(No Data)

ATR/QM: Not Applicable

B

B

B

B

A

A

B

B

B

B

B

B

A

A

B

B

Compliance

State Prepayment Penalty

Active

B

B

B

B

XXX

XXX - XXX XXX if paid by XXX proceeds; provision not disclosed

No

Prepayment penalty does not include a provision for being paid by insurance proceeds. Only provision is for a bona fide sale but this is not effective until after the prepay penalty period.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Significant time at current residence

- XXX Comments:  Borrower has owned primary residence XXX years.

 

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has owned his business for XXX years.

 

XXX: Postive mortgage payment history

- XXX Comments:  XXX months mortgage history with no late pays.

 

XXX: Verified cash reserves exceed guidelines

- XXX Comments:  Verified cash reserves of $XXX exceed the requirement of $XXX  by $XXX /XXX months.

 

80020064218

XXX

XXX

(No Data)

ATR/QM: Not Applicable

B

B

B

B

A

A

B

B

B

B

B

B

A

A

B

B

Credit

Credit/Mtg History

Active

B

B

B

B

XXX

Missing support docs for XXX (e.g. cancelled checks)

No

Missing Verification of mortgage for second lien with XXX. Guidelines require all mortgages be XXX.

XXX - Advised Lender (XXX) exceptions remaining.

(No Data)

(No Data)

Not Applicable

XXX: Significant time at current residence

- XXX Comments:  Borrower has owned primary residence XXX years.

 

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has owned his business for XXX years.

 

XXX: Postive mortgage payment history

- XXX Comments:  XXX months mortgage history with no late pays.

 

XXX: Verified cash reserves exceed guidelines

- XXX Comments:  Verified cash reserves of $XXX exceed the requirement of $XXX  by $XXX /XXX months.

 

80020064504

XXX

XXX

(No Data)

ATR/QM: Not Applicable

B

B

B

B

A

A

B

B

B

B

B

B

A

A

B

B

Compliance

State Prepayment Penalty

Active

B

B

B

B

XXX

XXX - XXX if paid by XXX proceeds; provision not disclosed

No

Per Prepay addendum, only provision is a bona fide sale. Provision for paid by insurance proceeds not present.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: LTV below guideline requirements

- XXX Comments:  LTV XXX% below guideline requirements XXX%

 

XXX: Credit score exceeds guidelines

- XXX Comments:  Credit Score XXX exceeds guidelines XXX.

 

XXX: Verified cash reserves exceed guidelines

- XXX Comments:  Post Close Reserves $XXX months reserves required ($XXX)  Remaining $XXX.

 

80020064504

XXX

XXX

(No Data)

ATR/QM: Not Applicable

B

B

B

B

A

A

B

B

B

B

B

B

A

A

B

B

Credit

Credit/Mtg History

Active

B

B

B

B

XXX

Missing support docs for XXX (e.g. cancelled checks)

No

Missing supporting documents for VOM or cancelled checks for second lien with XXX.  Have only documentation for XXX Lender Services, Inc, the fist lien. Both being paid on final HUD.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: LTV below guideline requirements

- XXX Comments:  LTV XXX% below guideline requirements XXX%

 

XXX: Credit score exceeds guidelines

- XXX Comments:  Credit Score XXX exceeds guidelines XXX.

 

XXX: Verified cash reserves exceed guidelines

- XXX Comments:  Post Close Reserves $XXX months reserves required ($XXX)  Remaining $XXX.

 

80080704113

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

B

B

D

A

C

B

D

B

B

B

D

A

C

B

Compliance

XXX Integrated Disclosure

Satisfied

C

B

C

B

XXX

XXX - CD: Monthly XXX in Projected Payments is inconsistent with annual cost in Loan Disclosure section

No

The final CD XXX, monthly XXX amount of $XXX does not equal the XXX property costs over one year amount of $XXX. The monthly amount $XXX. CD reflects different value.

XXX: Lender provided post close CD dated XXX with the correct XXX Property Costs Over Year XXX value and a letter of explanation to the borrower.

XXX: Exception satisfied.

Numeric

Not Applicable

XXX: Verified cash reserves exceed guidelines

- XXX Comments:  Assets: Verified  $XXX  , Required $XXX  Reserves of $XXX  , Required Reserves XXX months PITIA subject: $XXX

 

XXX: LTV below guideline requirements

- XXX Comments:  Maximum LTV XXX% current LTV XXX%

 

XXX: DTI below guideline requirement

- XXX Comments:  Maximum DTI XXX% Current DTI  XXX%

 

80080704113

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

B

B

D

A

C

B

D

B

B

B

D

A

C

B

Credit

Income/Employment

Active

N/A

B

N/A

B

XXX

Verbal verification of employment completed outside the stated requirements and/or after closing/funding

No

Lender provided the Verbal VOE dated XXX of which is after the note signing date of XXX.

XXX  Lender provided the approved exception form due to low DTI, low LTV and Residual Income of $XXX.    Approved exception noted; however, exception remains.

(No Data)

(No Data)

Not Applicable

XXX: Verified cash reserves exceed guidelines

- XXX Comments:  Assets: Verified  $XXX  , Required $XXX  Reserves of $XXX  , Required Reserves XXX months PITIA subject: $XXX

 

XXX: LTV below guideline requirements

- XXX Comments:  Maximum LTV XXX% current LTV XXX%

 

XXX: DTI below guideline requirement

- XXX Comments:  Maximum DTI XXX% Current DTI  XXX%

 

80080704113

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

B

B

D

A

C

B

D

B

B

B

D

A

C

B

Credit

Income/Employment

Satisfied

B

A

B

A

XXX

Verbal verification of employment missing

No

Missing VVOE within XXX days of closing . CPA letter in file date XXX  is over XXX days. Closing date XXX

XXX - Lender provided the XXX XXX.

XXX - Exception satisfied.  However, exception XXX created since verbal XXX completed after the note date.

(No Data)

Not Applicable

XXX: Verified cash reserves exceed guidelines

- XXX Comments:  Assets: Verified  $XXX  , Required $XXX  Reserves of $XXX  , Required Reserves XXX months PITIA subject: $XXX

 

XXX: LTV below guideline requirements

- XXX Comments:  Maximum LTV XXX% current LTV XXX%

 

XXX: DTI below guideline requirement

- XXX Comments:  Maximum DTI XXX% Current DTI  XXX%

 

80080704113

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

B

B

D

A

C

B

D

B

B

B

D

A

C

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing updated valuation supporting original value of $XXX

XXX Lender provided XXX Desk Review reflecting supported value.

XXX Exception Satisfied.

(No Data)

Not Applicable

XXX: Verified cash reserves exceed guidelines

- XXX Comments:  Assets: Verified  $XXX  , Required $XXX  Reserves of $XXX  , Required Reserves XXX months PITIA subject: $XXX

 

XXX: LTV below guideline requirements

- XXX Comments:  Maximum LTV XXX% current LTV XXX%

 

XXX: DTI below guideline requirement

- XXX Comments:  Maximum DTI XXX% Current DTI  XXX%

 

80080804288

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

B

B

B

B

B

B

A

A

B

B

Compliance

XXXIntegrated Disclosure

Active

B

B

B

B

XXX

XXX - CD: The value for Cash to Close in the XXX column of the CD's Calculating Cash to Close table is different from the value disclosed on the last XXX

No

XXX dated XXX-Calculating Cash to Close format used was Standard versionCD dated XXX-Calculating Cash to Close format used was Alternate version

(No Data)

(No Data)

Non-Numeric

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  The borrower has been self employed for over XXX years

 

XXX: Significant time in profession

- XXX Comments:  The borrower has worked in the same profession for XXX years

 

XXX: LTV below guideline requirements

- XXX Comments:  The LTV is XXX; up to XXX% is allowed

 

XXX: Verified cash reserves exceed guidelines

- XXX Comments:  The borrower needs XXX months PITI for their primary and XXX months PITI for the subject property XXX:XXX = $XXXThe borrower has $XXX in verified assets

 

80080804288

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

B

B

B

B

B

B

A

A

B

B

Compliance

XXX Integrated Disclosure

Active

B

B

B

B

XXX

XXX - CD: The value for Funds for Borrower in the XXX column of the CD's Calculating Cash to Close table is different from the value disclosed on the last XXX

No

XXX dated XXX-Calculating Cash to Close format used was Standard versionCD dated XXX-Calculating Cash to Close format used was Alternate version

(No Data)

(No Data)

Non-Numeric

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  The borrower has been self employed for over XXX years

 

XXX: Significant time in profession

- XXX Comments:  The borrower has worked in the same profession for XXX years

 

XXX: LTV below guideline requirements

- XXX Comments:  The LTV is XXX; up to XXX% is allowed

 

XXX: Verified cash reserves exceed guidelines

- XXX Comments:  The borrower needs XXX months PITI for their primary and XXX months PITI for the subject property XXX:XXX = $XXXThe borrower has $XXX in verified assets

 

80080804288

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

B

B

B

B

B

B

A

A

B

B

Compliance

XXX Integrated Disclosure

Active

B

B

B

B

XXX

XXX - CD: The value for Total Payoffs and Payments in the XXX column of the CD's Calculating Cash to Close table is different from the value disclosed on the last XXX

No

XXX dated XXX-Calculating Cash to Close format used was Standard versionCD dated XXX-Calculating Cash to Close format used was Alternate version

(No Data)

(No Data)

Non-Numeric

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  The borrower has been self employed for over XXX years

 

XXX: Significant time in profession

- XXX Comments:  The borrower has worked in the same profession for XXX years

 

XXX: LTV below guideline requirements

- XXX Comments:  The LTV is XXX; up to XXX% is allowed

 

XXX: Verified cash reserves exceed guidelines

- XXX Comments:  The borrower needs XXX months PITI for their primary and XXX months PITI for the subject property XXX:XXX = $XXXThe borrower has $XXX in verified assets

 

80080804288

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

B

B

B

B

B

B

A

A

B

B

Compliance

XXX Integrated Disclosure

Active

B

B

B

B

XXX

XXX - CD: At least XXX section contains formatting that does not comply with the XXX

No

CD's dated XXX& XXX- Other Costs Section- E - Transfer Tax is missing payee

(No Data)

(No Data)

Hybrid

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  The borrower has been self employed for over XXX years

 

XXX: Significant time in profession

- XXX Comments:  The borrower has worked in the same profession for XXX years

 

XXX: LTV below guideline requirements

- XXX Comments:  The LTV is XXX; up to XXX% is allowed

 

XXX: Verified cash reserves exceed guidelines

- XXX Comments:  The borrower needs XXX months PITI for their primary and XXX months PITI for the subject property XXX:XXX = $XXXThe borrower has $XXX in verified assets

 

80080804288

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

B

B

B

B

B

B

A

A

B

B

Compliance

XXX Integrated Disclosure

Active

B

B

B

B

XXX

XXX - Assumption selection on the CD does not match the clause in the XXX.

No

Per XXX- Loan is assumable with Lender approval

(No Data)

(No Data)

Non-Numeric

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  The borrower has been self employed for over XXX years

 

XXX: Significant time in profession

- XXX Comments:  The borrower has worked in the same profession for XXX years

 

XXX: LTV below guideline requirements

- XXX Comments:  The LTV is XXX; up to XXX% is allowed

 

XXX: Verified cash reserves exceed guidelines

- XXX Comments:  The borrower needs XXX months PITI for their primary and XXX months PITI for the subject property XXX:XXX = $XXXThe borrower has $XXX in verified assets

 

80080804288

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

B

B

B

B

A

A

B

B

B

B

B

B

A

A

B

B

Credit

Income/Employment

Active

B

B

B

B

XXX

Verbal verification of employment completed outside the stated requirements and/or after closing/funding

No

There is a VOE for the borrower's self-employed business but not for his W2 job with Imagine Communication

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Borrower has significant time at current job

- XXX Comments:  The borrower has been self employed for over XXX years

 

XXX: Significant time in profession

- XXX Comments:  The borrower has worked in the same profession for XXX years

 

XXX: LTV below guideline requirements

- XXX Comments:  The LTV is XXX; up to XXX% is allowed

 

XXX: Verified cash reserves exceed guidelines

- XXX Comments:  The borrower needs XXX months PITI for their primary and XXX months PITI for the subject property XXX:XXX = $XXXThe borrower has $XXX in verified assets

 

80080904937

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

XXX Integrated Disclosure

Active

B

B

B

B

XXX

XXX - CD: The value for Total Closing Costs in the XXX column of the CD's Calculating Cash to Close table is different from the value disclosed on the last XXX

No

File is missing a revised LE dated XXX, per the Disclosure Tracking Summary on page XXX of the file.LE: XXX  Calculating Cash To Close,  Total Closing Costs (J), Value: XXX: XXX Calculating Cash to Close,  Total Closing Costs (J) - Loan Estimate, Value: XXX

(No Data)

(No Data)

Non-Numeric

Not Applicable

XXX: Consumer credit history exceeds guidelines

- XXX Comments:  Borrower has a credit history dating back to XXX with no derogatory accounts or late payments.

 

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has been on current job for XXX years.

 

XXX: DTI below guideline requirement

- XXX Comments:  DTI of XXX% is below the guideline maximum of XXX%.

 

80080904937

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

XXX Integrated Disclosure

Active

B

B

B

B

XXX

XXX - CD: The value for Cash to Close in the XXX column of the CD's Calculating Cash to Close table is different from the value disclosed on the last XXX

No

File is missing a revised LE dated XXX, per the Disclosure Tracking Summary on page XXX of the file.LE: XXX : Calculating Cash To Close, Estimated Cash to Close, Value: XXX: XXX  Calculating Cash to Close, Cash to Close - Loan Estimate, Value: XXX

(No Data)

(No Data)

Non-Numeric

Not Applicable

XXX: Consumer credit history exceeds guidelines

- XXX Comments:  Borrower has a credit history dating back to XXX with no derogatory accounts or late payments.

 

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has been on current job for XXX years.

 

XXX: DTI below guideline requirement

- XXX Comments:  DTI of XXX% is below the guideline maximum of XXX%.

 

80080904937

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

XXX Integrated Disclosure

Active

B

B

B

B

XXX

XXX - CD: The value for Adjustments and Other Credits in the XXX column of the CD's Calculating Cash to Close table is different from the value disclosed on the last XXX

No

File is missing a revised LE dated XXX, per the Disclosure Tracking Summary on page XXX of the file.LE: XXX Calculating Cash To Close,  - Adjustments and Other Credits, Value: 0CD: XXX Calculating Cash to Close,  Adjustments and Other Credits - Loan Estimate, Value: -XXX

(No Data)

(No Data)

Non-Numeric

Not Applicable

XXX: Consumer credit history exceeds guidelines

- XXX Comments:  Borrower has a credit history dating back to XXX with no derogatory accounts or late payments.

 

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has been on current job for XXX years.

 

XXX: DTI below guideline requirement

- XXX Comments:  DTI of XXX% is below the guideline maximum of XXX%.

 

80080904937

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

XXX Integrated Disclosure

Active

B

B

B

B

XXX

XXX - Assumption selection on the CD does not match the clause in the mortgage.

No

XXX Rider allows assumption after the fixed period changes to an adjustable rate.  AO does not allow.

(No Data)

(No Data)

Non-Numeric

Not Applicable

XXX: Consumer credit history exceeds guidelines

- XXX Comments:  Borrower has a credit history dating back to XXX with no derogatory accounts or late payments.

 

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has been on current job for XXX years.

 

XXX: DTI below guideline requirement

- XXX Comments:  DTI of XXX% is below the guideline maximum of XXX%.

 

80080904937

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Property Valuations

Appraisal

Satisfied

D

A

D

A

XXX

Missing updated valuation

No

Missing secondary valuation for securitization supporting appraised value of $XXX.

XXX- Lender provided XXX Desk Review, value supporting appraisal value.

XXX Exception satisfied.

(No Data)

Not Applicable

XXX: Consumer credit history exceeds guidelines

- XXX Comments:  Borrower has a credit history dating back to XXX with no derogatory accounts or late payments.

 

XXX: Borrower has significant time at current job

- XXX Comments:  Borrower has been on current job for XXX years.

 

XXX: DTI below guideline requirement

- XXX Comments:  DTI of XXX% is below the guideline maximum of XXX%.

 

80080904809

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

XXX Integrated Disclosure

Active

B

B

B

B

XXX

XXX - Error #XXX discovered on Closing Disclosure

No

Final CD Issued XXX. Seller Address for the Additional Seller is missing on the CD Addendum.

(No Data)

(No Data)

(No Data)

Not Applicable

XXX: Significant time in profession

- XXX Comments:  Borrower has XXX years in same profession.

 

XXX: Verified cash reserves exceed guidelines

- XXX Comments:  Reserves $XXX;  XXX months.  Guidelines require XXX months.

 

80080904809

XXX

XXX

Non-QM: Lender documented all ATR UW factors

Non-QM: Lender documented all ATR UW factors

D

B

A

A

D

A

B

B

D

B

A

A

D

A

B

B

Compliance

XXX Integrated Disclosure

Satisfied

A

A

A

A