MORGAN STANLEY CAPITAL I INC. ABS-15G
Exhibit 99.3 - Schedule 1
| Loan ID | Seller Loan ID | Redaction ID | Overall Initial Loan Grade | Overall Final Loan Grade | Credit Initial Loan Grade | Credit Current/Final Loan Grade | Compliance Initial Loan Grade | Compliance Current/Final Loan Grade | Property Initial Loan Grade | Property Current/Final Loan Grade | Queue | Finding Code | Date Created | Date Modified | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Finding Comments | Seller Comments | Resolution Comments | Reviewer Comp Factor | Originator Comp Factors | Finding Documents | Originator QM Status | Final Reviewed QM Status | Loan Amount | Property State | Occupancy | Loan Purpose | Refinance Purpose | Acknowledged / WaivedBy | Waiver in File? | Unique Finding ID |
| XXXXX | XXXXX | 8442274 | C | A | C | A | A | A | C | A | Closed | FPRO0011 | 2024-10-16 10:54 | 2024-10-24 10:12 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster declared INDIVIDUAL | Resolved-PDI with an inspection date of XXXXX provided. No damage. - Due Diligence Vendor-10/24/2024 Ready for Review-Document Uploaded. Property disaster inspection has been uploaded, please clear condition. - Seller-10/22/2024 Open-XXXXX - Due Diligence Vendor-10/16/2024 |
Ready for Review-Document Uploaded. Property disaster inspection has been uploaded, please clear condition. - Seller-10/22/2024 |
Resolved-PDI with an inspection date of XXXXX provided. No damage. - Due Diligence Vendor-10/24/2024 |
Months Reserves exceed minimum required - 8 months reserves. 3 months required. Qualifying FICO score is at least 20 points above minimum for program - 673 FICO. 620 minimum. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 2610866 | |
| XXXXX | XXXXX | 8442274 | C | A | C | A | A | A | C | A | Closed | FCRE1510 | 2024-10-16 09:32 | 2024-10-21 16:41 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Mortgage w/legal provided. - Due Diligence Vendor-10/21/2024 Ready for Review-Document Uploaded. A copy of the executed with the legal description included has been uploaded, please clear condition. - Seller-10/17/2024 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing exhibit A- Legal description. - Due Diligence Vendor-10/16/2024 |
Ready for Review-Document Uploaded. A copy of the executed with the legal description included has been uploaded, please clear condition. - Seller-10/17/2024 |
Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Mortgage w/legal provided. - Due Diligence Vendor-10/21/2024 |
Months Reserves exceed minimum required - 8 months reserves. 3 months required. Qualifying FICO score is at least 20 points above minimum for program - 673 FICO. 620 minimum. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 2609640 | |
| XXXXX | XXXXX | 8442274 | C | A | C | A | A | A | C | A | Closed | FCRE7011 | 2024-10-16 09:57 | 2024-10-16 11:59 | Resolved | 1 - Information | C | A | Credit | Insurance | Rent Loss Coverage is Insufficient or Missing | Resolved-Upon further review, Rent Loss Coverage is Sufficient. - Due Diligence Vendor-12/16/2024 Open-Rent Loss Coverage is Insufficient or Missing. Rent Loss Coverage missing. - Due Diligence Vendor-10/16/2024 |
Resolved-Upon further review, Rent Loss Coverage is Sufficient. - Due Diligence Vendor-12/16/2024 |
Months Reserves exceed minimum required - 8 months reserves. 3 months required. Qualifying FICO score is at least 20 points above minimum for program - 673 FICO. 620 minimum. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 2610019 | |||
| XXXXX | 8442261 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| XXXXX | XXXXX | 9056922 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9056939 | D | A | D | A | A | A | A | A | Closed | FCRE1198 | 2025-02-19 13:33 | 2025-05-29 12:07 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received validation of EDM and Jan statement-sufficient reserves. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. Supporting docs - Seller-05/28/2025 Counter-Received copy of cashiers check-source of funds not provided. Finding remains. - Due Diligence Vendor-05/14/2025 Ready for Review-Document Uploaded. Please see the attached copy of the cashiers check the borrower brought to closing - Seller-05/13/2025 Counter-Assets provided are already included in the review. - Due Diligence Vendor-04/25/2025 Ready for Review-Document Uploaded. XXXXX -0.31.2025 shows a balance of $6,155.89 XXXXX - 01.31.2025 Shows a balance of $5,449.56 XXXXX - 01.31.2025 shows a balance of $12,486.00 - Seller-04/23/2025 Counter-Unable to locate EMD clear for 5k in documents provided. Please highlight the EMD of 5K and provide Name of account and acct#. - Due Diligence Vendor-02/21/2025 Ready for Review-Document Uploaded. Reserves supporting docs - Seller-02/20/2025 Open-Audited Reserves of 1.39 month(s) are less than Guideline Required Reserves of 3 month(s) EMD of $5K not verified, provided docs to verify EMD cleared borrowers' account to meet reserve requirements. - Due Diligence Vendor-02/19/2025 |
Ready for Review-Document Uploaded. Supporting docs - Seller-05/28/2025 Ready for Review-Document Uploaded. Please see the attached copy of the cashiers check the borrower brought to closing - Seller-05/13/2025 Ready for Review-Document Uploaded. XXXXX -0.31.2025 shows a balance of $6,155.89 XXXXX- 01.31.2025 shows a balance of $12,486.00 - Seller-04/23/2025 Ready for Review-Document Uploaded. Reserves supporting docs - Seller-02/20/2025 |
Resolved-Received validation of EDM and Jan statement-sufficient reserves. - Due Diligence Vendor-05/29/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Lender minimum DSCR is .80, borrower DSCR is 1.268 LTV is less than guideline maximum - Lender max LTV is 80%, subject LTV is 75% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3448454 | |
| XXXXX | XXXXX | 9056939 | D | A | D | A | A | A | A | A | Closed | FCRE1158 | 2025-02-19 13:40 | 2025-04-25 13:48 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-HOI with premium of $564 provided. - Due Diligence Vendor-04/25/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-04/24/2025 Counter-HOI invoice provided does not support a premium of $564.00 =$47.00 a month which is reflected on the Final CD. - Due Diligence Vendor-02/21/2025 Ready for Review-Document Uploaded. Insurance supporting docs - Buyer-02/20/2025 Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Provide hazard insurance invoice to verify the monthly escrow figure of $47/m. - Due Diligence Vendor-02/19/2025 |
Resolved-HOI with premium of $564 provided. - Due Diligence Vendor-04/25/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Lender minimum DSCR is .80, borrower DSCR is 1.268 LTV is less than guideline maximum - Lender max LTV is 80%, subject LTV is 75% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3448510 | ||
| XXXXX | 9165590 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| XXXXX | XXXXX | 9081730 | C | A | C | A | A | A | A | A | Closed | FPRO9999 | 2025-03-21 09:10 | 2025-03-27 16:52 | Resolved | 1 - Information | C | A | Credit | Eligibility | Condo project has pending litigation | Resolved-Documentation provided confirming the HOA is the plaintiff and the litigation is for HOA dues. - Due Diligence Vendor-03/27/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-03/27/2025 Counter-Document was not attached. Please re-upload. - Due Diligence Vendor-03/26/2025 Ready for Review-supporting docs - Buyer-03/25/2025 Open-Per Questionnaire Pending litigation but no documentation provided. - Due Diligence Vendor-03/21/2025 |
Resolved-Documentation provided confirming the HOA is the plaintiff and the litigation is for HOA dues. - Due Diligence Vendor-03/27/2025 |
Long term residence - Borrower own primary residence from the past 26 years Qualifying FICO score is at least 20 points above minimum for program - FICO: 803 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3666646 | ||
| XXXXX | XXXXX | 9081730 | C | A | C | A | A | A | A | A | Closed | FCRE9996 | 2025-03-20 19:59 | 2025-03-25 13:09 | Resolved | 1 - Information | C | A | Credit | Eligibility | Condo does not meet requirements | Resolved-Upon further review, the Milestone Inspection is not required as subject condo is 2 stories < 3 or more stories. Please refer to litigation finding. - Due Diligence Vendor-03/25/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-03/24/2025 Open-The file does not contain the required structural engineer report per FL law. Non-warrantable condo, XXXXX revoked XXXXX due to condotel status. Questionnaire states pending litigation for subject project, no supporting documentation provided. - Due Diligence Vendor-03/20/2025 |
Resolved-Upon further review, the Milestone Inspection is not required as subject condo is 2 stories < 3 or more stories. Please refer to litigation finding. - Due Diligence Vendor-03/25/2025 |
Long term residence - Borrower own primary residence from the past 26 years Qualifying FICO score is at least 20 points above minimum for program - FICO: 803 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3664086 | ||
| XXXXX | 9081738 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2025-03-24 10:48 | 2025-05-07 09:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-The fraud report confirms 3E, 3F, 3I & 3K are owned by the borrower's business. Operating agreement provided for XXXXX - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. - Seller-05/06/2025 Counter-Taxes provided. 3e and 3k, insurance document does not disclose the premium. Please provided documentation to support free/clear for 3e, 3f, 3k - Due Diligence Vendor-04/28/2025 Ready for Review-Document Uploaded. - Seller-04/24/2025 Counter-We are missing Evidence Free/Clear tax and Insurance for 3e, 3f, 3k. Missing taxes for 3j. 3j and 3m 1003 states loan in process. - Due Diligence Vendor-03/31/2025 Ready for Review-We have no record or loans in process pertaining to any of the loan listed below. - Seller-03/28/2025 Open-for REO's 3E, 3F, 3J 3K and 3 M and 3I- missing note and CD loan in process. - Due Diligence Vendor-03/24/2025 |
Ready for Review-Document Uploaded. - Seller-05/06/2025 Ready for Review-Document Uploaded. - Seller-04/24/2025 Ready for Review-We have no record or loans in process pertaining to any of the loan listed below. - Seller-03/28/2025 |
Resolved-The fraud report confirms 3E, 3F, 3I & 3K are owned by the borrower's business. Operating agreement provided for XXXXX. - Due Diligence Vendor-05/07/2025 |
Months Reserves exceed minimum required - 7.58 months PITIA reserves; 3 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 725 ; minimum score 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3679197 | ||
| XXXXX | 9081710 | D | A | D | A | A | A | A | A | Closed | FCRE7009 | 2025-04-03 09:41 | 2025-05-14 16:27 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Received confirmation of 100% replacement cost coverage. - Due Diligence Vendor-05/14/2025 Ready for Review-Document Uploaded. - Seller-05/12/2025 Open-Insufficient Coverage Amount for Insured Subject Property. Cover does not support coverage for the loan amount or 80% of the cost to rebuild on appraisal. Per appraisal the total of the dwelling, outdoor amenities, and garage = a higher amount, Lender only used the rebuild of the dwelling. - Due Diligence Vendor-04/04/2025 |
Ready for Review-Document Uploaded. - Seller-05/12/2025 |
Resolved-Received confirmation of 100% replacement cost coverage. - Due Diligence Vendor-05/14/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 725; minimum score 700. Months Reserves exceed minimum required - 4.17 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3771721 | ||
| XXXXX | 9081710 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2025-04-03 11:37 | 2025-05-07 10:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Housing histories provided. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. - Seller-05/06/2025 Open-Housing History Does Not Meet Guideline Requirements- Missing mortgage Pay history for Primary residence. and REO's 3F, 3G, 3CC and 3DD not reported on credit report requires VOMS and mortgage pay histories. - Due Diligence Vendor-04/03/2025 |
Ready for Review-Document Uploaded. - Seller-05/06/2025 |
Resolved-Housing histories provided. - Due Diligence Vendor-05/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 725; minimum score 700. Months Reserves exceed minimum required - 4.17 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3773783 | ||
| XXXXX | 9081710 | D | A | D | A | A | A | A | A | Closed | FCRE7000 | 2025-04-10 12:34 | 2025-05-07 10:05 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Required forms/disclosures missing | Resolved-The fraud report confirms 3E, 3F, 3I & 3K are owned by the borrower's business. Operating agreement provided for XXXXX. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. - Seller-05/05/2025 Open-Missing copy of NOTE for REO's 3C, 3F, 3G, 3K, 3CC and 3DD, 3CC, 3DD missing proof of taxes and insurance and HOA for REO's 3F, 3G missing NOTE and CD, 3K missing copy of NOTE and CD, 3CC missing copy of NOTE, taxes ; insurance pay history or if free & clear need evidence, 3DD missing copy of NOTE, CD and Insurance. - Due Diligence Vendor-04/10/2025 |
Ready for Review-Document Uploaded. - Seller-05/05/2025 |
Resolved-The fraud report confirms 3E, 3F, 3I & 3K are owned by the borrower's business. Operating agreement provided for XXXXX - Due Diligence Vendor-05/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 725; minimum score 700. Months Reserves exceed minimum required - 4.17 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3829359 | ||
| XXXXX | 9081710 | D | A | D | A | A | A | A | A | Closed | FCRE1298 | 2025-04-04 15:42 | 2025-05-07 10:04 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income 7 Months Income Verified is Missing | Resolved-see missing taxes/insurance for REO breach. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. - Seller-05/05/2025 Open-Income 7 Months Income Verified is Missing missigng copy of NOTE , CD . Under business name XXXXX - Due Diligence Vendor-04/04/2025 |
Ready for Review-Document Uploaded. - Seller-05/05/2025 |
Resolved-see missing taxes/insurance for REO breach. - Due Diligence Vendor-05/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 725; minimum score 700. Months Reserves exceed minimum required - 4.17 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3788497 | ||
| XXXXX | 9081710 | D | A | D | A | A | A | A | A | Closed | FCRE1302 | 2025-04-04 15:42 | 2025-05-07 10:04 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income 11 Months Income Verified is Missing | Resolved-see missing taxes/insurance for REO breach. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. - Seller-05/05/2025 Open-Income 11 Months Income Verified is Missing missing tax and insurance if free & clear - Due Diligence Vendor-04/04/2025 |
Ready for Review-Document Uploaded. - Seller-05/05/2025 |
Resolved-see missing taxes/insurance for REO breach. - Due Diligence Vendor-05/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 725; minimum score 700. Months Reserves exceed minimum required - 4.17 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3788496 | ||
| XXXXX | 9081710 | D | A | D | A | A | A | A | A | Closed | FCRE4963 | 2025-04-03 11:44 | 2025-05-07 10:03 | Resolved | 1 - Information | C | A | Credit | Debt | No evidence of required debt payoff | Resolved-payoff provided. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. - Seller-05/05/2025 Open-missing Payoff for subject property. - Due Diligence Vendor-04/03/2025 |
Ready for Review-Document Uploaded. - Seller-05/05/2025 |
Resolved-payoff provided. - Due Diligence Vendor-05/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 725; minimum score 700. Months Reserves exceed minimum required - 4.17 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3773875 | ||
| XXXXX | 9081710 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2025-04-03 11:43 | 2025-05-07 10:02 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-The fraud report confirms 3E, 3F, 3I & 3K are owned by the borrower's business. Operating agreement provided for XXXXX. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. - Seller-05/06/2025 Open-missing proof of taxes and insurance and HOA for REO's 3F, 3G missing NOTE and CD, 3K missing copy of NOTE and CD, 3CC missing copy of NOTE, taxes ; insurance pay history or if free & clear need evidence, 3DD missing copy of NOTE, CD and Insurance. - Due Diligence Vendor-04/03/2025 |
Ready for Review-Document Uploaded. - Seller-05/06/2025 |
Resolved-The fraud report confirms 3E, 3F, 3I & 3K are owned by the borrower's business. Operating agreement provided for XXXXX. - Due Diligence Vendor-05/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 725; minimum score 700. Months Reserves exceed minimum required - 4.17 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3773870 | ||
| XXXXX | XXXXX | 9091814 | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2025-04-07 09:16 | 2025-04-09 12:50 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Client exception granted for assignment of contract, waiver applied with compactors - Due Diligence Vendor-04/09/2025 Ready for Review-Document Uploaded. Exception Request & Approval - Buyer-04/08/2025 Open-Per page 18 of guides under Ineligible Transactions, assignments of the contract to another buyer is not permitted. 1008 reflects 'Investor Approved Exception for the contract to be assigned from the borrower's LLC to the Borrower.'. Purchase Contract shows LLC Name and Addendum shows borrower name. However, missing actual exception request and approval documentation in file for this. - Due Diligence Vendor-04/07/2025 |
Waived-Client exception granted for assignment of contract, waiver applied with compactors - Due Diligence Vendor-04/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 720; qualifying FICO is 807. Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 233.92 months. |
Fico: 807>720; Reserves: 230 months above required; LTV: 5% below max. | XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 3793916 | |
| XXXXX | 9165588 | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2025-04-09 06:15 | 2025-04-23 16:05 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Originator provided a waiver for LTV, applied to non material finding with reviewed comp factors as the lenders comp factors are not valid - Non material < 5% variance. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. Please find the exception for review. - Seller-04/21/2025 Open-Audited LTV of 71.4% exceeds Guideline LTV of 70% LTV exceeds the max allowed per guidelines for foreign national. Max allowed per guidelines is 70%. Refer to guides section 15.3 Eligible Borrowers. - Due Diligence Vendor-04/09/2025 |
Ready for Review-Document Uploaded. Please find the exception for review. - Seller-04/21/2025 |
Waived-Originator provided a waiver for LTV, applied to non material finding with reviewed comp factors as the lenders comp factors are not valid - Non material < 5% variance. - Due Diligence Vendor-04/23/2025 |
DSCR % greater than 1.20 - DSCR = 1.511 Months Reserves exceed minimum required - Verified assets of 84.31 exceeds the minimum required of 6 months |
FICO 730 0x30 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | No | 3814562 | |
| XXXXX | 9165588 | C | B | C | B | A | A | A | A | Closed | FCRE1510 | 2025-04-09 05:51 | 2025-04-15 16:54 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Mortgage with Legal. - Due Diligence Vendor-04/15/2025 Ready for Review-Document Uploaded. Please find the dot with legal description on last page. - Seller-04/11/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing legal description attached to deed of trust. - Due Diligence Vendor-04/09/2025 |
Ready for Review-Document Uploaded. Please find the dot with legal description on last page. - Seller-04/11/2025 |
Resolved-Received Mortgage with Legal. - Due Diligence Vendor-04/15/2025 |
DSCR % greater than 1.20 - DSCR = 1.511 Months Reserves exceed minimum required - Verified assets of 84.31 exceeds the minimum required of 6 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3814463 | ||
| XXXXX | XXXXX | 9111448 | C | B | C | B | A | A | A | A | Closed | FCRE0969 | 2025-04-09 15:15 | 2025-05-07 14:12 | Waived | 2 - Non-Material | C | B | Credit | Closing | Prepayment Penalty Issue | Waived-Document Uploaded. Client waiver applied to non-material finding with compensating factors. The Note contains the ‘Governing Law’ paragraph. - Due Diligence Vendor-05/07/2025 Counter-Prepayment Rider to Note does not meet state specific requirements as noted in guidelines Exhibit A Investor Prepayment Penalty Reference Guide pg 91 - Due Diligence Vendor-04/14/2025 Ready for Review-Document Uploaded. there shouldnt be any payment terms in a security instrument and thereby there is nothing to reference. all the payment terms and references would be in the Promissory Note - Buyer-04/11/2025 Open-The loan agreement (i.e. Note, Note Addendum or prepayment penalty rider) did not contain the following language prepayment penalty language as required for the state of XX: The disclaimer must be in at least 10-point font and either bold or underlined (see example below) NOTICE TO THE BORROWER: Do not sign this loan agreement before you read it. This loan agreement provides for the payment of a penalty if you wish to repay the loan prior to the date provided for repayment in the loan agreement. - Due Diligence Vendor-04/09/2025 |
Waived-Document Uploaded. Client waiver applied to non-material finding with compensating factors. The Note contains the ‘Governing Law’ paragraph. - Due Diligence Vendor-05/07/2025 |
Months Reserves exceed minimum required - 102 months reserves; 3 months reserves required. LTV is less than guideline maximum - LTV 36% LTV. Allowed 75% |
36 LTV 102 months of reserves. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 3820983 | |
| XXXXX | XXXXX | 9100933 | D | B | D | B | A | A | A | A | Closed | FCRE1440 | 2025-04-07 18:43 | 2025-05-16 08:12 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Client exception granted and in file, waiver applied with comp factors. (Non Mat-Lender approved exception with Comp Factors) - Due Diligence Vendor-04/08/2025 Open-Housing History Does Not Meet Guideline Requirements EXCEPTION: No housing payment history, borrower lives rent free & 11 months on current mortgage; approved by eResi - Due Diligence Vendor-04/07/2025 |
Waived-Client exception granted and in file, waiver applied with comp factors. (Non Mat-Lender approved exception with Comp Factors) - Due Diligence Vendor-04/08/2025 |
DSCR % greater than 1.20 - DSCR: 1.395 Min 1 Months Reserves exceed minimum required - Reserves: 27 Min 3 |
Credit Score 711 Reserves: 27 months |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 3801317 | ||
| XXXXX | XXXXX | 9100933 | D | B | D | B | A | A | A | A | Closed | FCOM1351 | 2025-04-07 18:29 | 2025-05-02 13:29 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received legible Guaranty Agreement - Due Diligence Vendor-05/02/2025 Ready for Review-Document Uploaded. Personal Guaranty Uploaded - Seller-04/30/2025 Counter-Signature and Print Name is not legible. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. PG - Buyer-04/22/2025 Counter-After further review, the personal guaranty provided does not reflect the borrowers signature. condition remains - Due Diligence Vendor-04/14/2025 Ready for Review-Document Uploaded. Personal Guaranty - Seller-04/09/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Missing'. Personal guaranty document is addressed to LLC and not signed by borrower . - Due Diligence Vendor-04/07/2025 |
Ready for Review-Document Uploaded. Personal Guaranty Uploaded - Seller-04/30/2025 Ready for Review-Document Uploaded. Personal Guaranty - Seller-04/09/2025 |
Resolved-Received legible Guaranty Agreement - Due Diligence Vendor-05/02/2025 |
DSCR % greater than 1.20 - DSCR: 1.395 Min 1 Months Reserves exceed minimum required - Reserves: 27 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3801248 | |
| XXXXX | XXXXX | 9100933 | D | B | D | B | A | A | A | A | Closed | FCRE8701 | 2025-04-08 11:24 | 2025-05-02 13:29 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-Received EIN - Due Diligence Vendor-04/10/2025 Ready for Review-Document Uploaded. income info LLC & cert of status - Buyer-04/09/2025 Open-The Business Entity Formation Document is Missing EIN doc missing - Due Diligence Vendor-04/08/2025 |
Resolved-Received EIN - Due Diligence Vendor-04/10/2025 |
DSCR % greater than 1.20 - DSCR: 1.395 Min 1 Months Reserves exceed minimum required - Reserves: 27 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3806907 | ||
| XXXXX | XXXXX | 9111460 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2025-04-23 13:06 | 2025-05-15 17:02 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Revised guaranty agreement provided removing the co-borrower. Borrowing certificate provided. - Due Diligence Vendor-05/15/2025 Ready for Review-Document Uploaded. Supporting docs - Seller-05/15/2025 Counter-Please provide the credit package for XXXXX. Guidelines state Each Entity member providing a personal guarantee must complete a Form 1003 or similar credit application indicating clearly that such document is being provided in the capacity of the guarantor. The application of each member providing a personal Guarantee and their credit score, and creditworthiness will also be used to determine qualification and pricing. - Due Diligence Vendor-05/06/2025 Ready for Review-Document Uploaded. See attached updated signed Personal Gaurantee signed as individual - Seller-05/05/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Partial'. Personal guaranty provided was signed as members/managers and not individually per guidelines this is not allowed. - Due Diligence Vendor-04/23/2025 |
Ready for Review-Document Uploaded. Supporting docs - Seller-05/15/2025 Ready for Review-Document Uploaded. See attached updated signed Personal Gaurantee signed as individual - Seller-05/05/2025 |
Resolved-Revised guaranty agreement provided removing the co-borrower. Borrowing certificate provided. - Due Diligence Vendor-05/15/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 776. Months Reserves exceed minimum required - 38 mths reserves; 3 mths required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3940222 | |
| XXXXX | XXXXX | 9111460 | D | A | D | A | A | A | A | A | Closed | FCRE8701 | 2025-04-09 11:12 | 2025-04-23 13:06 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-Received EIN - Due Diligence Vendor-04/11/2025 Ready for Review-Document Uploaded. EIN information - Seller-04/10/2025 Open-The Business Entity Formation Document is Missing Missing EIN doc - Due Diligence Vendor-04/09/2025 |
Ready for Review-Document Uploaded. EIN information - Seller-04/10/2025 |
Resolved-Received EIN - Due Diligence Vendor-04/11/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 776. Months Reserves exceed minimum required - 38 mths reserves; 3 mths required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3817407 | |
| XXXXX | XXXXX | 9111460 | D | A | D | A | A | A | A | A | Closed | FCRE0969 | 2025-04-09 11:23 | 2025-04-21 13:46 | Resolved | 1 - Information | C | A | Credit | Closing | Prepayment Penalty Issue | Resolved-No prepay on this loan. - Due Diligence Vendor-04/21/2025 Open-1% of the original principal balance, up to 5 years. 1-2 Unit properties with loan amount equal to or greater than $110,223 (for 2024, adjusted annually) Loan amount XXXXX - Due Diligence Vendor-04/09/2025 |
Resolved-No prepay on this loan. - Due Diligence Vendor-04/21/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 776. Months Reserves exceed minimum required - 38 mths reserves; 3 mths required. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3817633 | |||
| XXXXX | XXXXX | 9111460 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2025-04-09 07:13 | 2025-04-16 14:37 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received confirmation property free and clear. - Due Diligence Vendor-04/16/2025 Ready for Review-Document Uploaded. attached Lien release - Buyer-04/15/2025 Counter-Received Property Profile-report reflects mortgage lien. Provide confirmation of release or acceptable VOM (12 months 0x30) - Due Diligence Vendor-04/11/2025 Ready for Review-Document Uploaded. property profile to show free and clear - Seller-04/10/2025 Open-Housing History Does Not Meet Guideline Requirements Properties owned free and clear are considered 0x30 for grading purposes for each month the property has been owned free and clear (e.g. a property owned free and clear for the last 12 months satisfies the housing history requirement). *** Documentation verifying free and clear is required such as property detail report, data verify report, title search, etc. No documentation in file for verifying free and clear ownership of borrower's current primary. - Due Diligence Vendor-04/09/2025 |
Ready for Review-Document Uploaded. property profile to show free and clear - Seller-04/10/2025 |
Resolved-Received confirmation property free and clear. - Due Diligence Vendor-04/16/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 776. Months Reserves exceed minimum required - 38 mths reserves; 3 mths required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3814744 | |
| XXXXX | XXXXX | 9111452 | D | A | D | A | A | A | A | A | Closed | FCRE1198 | 2025-04-14 09:30 | 2025-04-30 10:22 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received Assets. Audited Reserves of 125.84 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-04/22/2025 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) Missing asset documentation - Due Diligence Vendor-04/14/2025 |
Resolved-Received Assets. Audited Reserves of 125.84 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-04/23/2025 |
On time mortgage history exceeds guideline requirement - 0x30 mortgage to 7/2020 Qualifying FICO score is at least 20 points above minimum for program - 776 FICO, 720 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3854015 | ||
| XXXXX | XXXXX | 9111452 | D | A | D | A | A | A | A | A | Closed | FCRE1201 | 2025-04-14 09:12 | 2025-04-25 15:59 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-fraud report provided. - Due Diligence Vendor-04/25/2025 Ready for Review-Document Uploaded. supporting docs - Seller-04/23/2025 Counter-Fraud report does not list all interested parties and appears to be incomplete. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. XXXXX- Seller-04/22/2025 Open-Missing Third Party Fraud Report All loans must be submitted to an automated fraud and data check tool (i.e. XXXXX). - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-04/23/2025 Ready for Review-Document Uploaded. XXXXX- Seller-04/22/2025 |
Resolved-fraud report provided. - Due Diligence Vendor-04/25/2025 |
On time mortgage history exceeds guideline requirement - 0x30 mortgage to 7/2020 Qualifying FICO score is at least 20 points above minimum for program - 776 FICO, 720 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3853773 | |
| XXXXX | XXXXX | 9111452 | D | A | D | A | A | A | A | A | Closed | FCRE9996 | 2025-04-14 09:37 | 2025-04-23 14:07 | Resolved | 1 - Information | C | A | Credit | Eligibility | Condo does not meet requirements | Resolved-Received UW attestation. - Due Diligence Vendor-04/23/2025 Ready for Review-Received UW attestation. - Due Diligence Vendor-04/23/2025 Open-Missing UW attestation of Condo Warrantability. - Due Diligence Vendor-04/14/2025 |
Resolved-Received UW attestation. - Due Diligence Vendor-04/23/2025 |
On time mortgage history exceeds guideline requirement - 0x30 mortgage to 7/2020 Qualifying FICO score is at least 20 points above minimum for program - 776 FICO, 720 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3854129 | ||
| XXXXX | XXXXX | 9111452 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-04-14 09:23 | 2025-04-23 14:06 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR Calculation - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. DSCR - Buyer-04/22/2025 Open-The DSCR Calculation from lender is Missing. UW DSCR calculation is required to be delivered with the review file - Due Diligence Vendor-04/14/2025 |
Resolved-Received DSCR Calculation - Due Diligence Vendor-04/23/2025 |
On time mortgage history exceeds guideline requirement - 0x30 mortgage to 7/2020 Qualifying FICO score is at least 20 points above minimum for program - 776 FICO, 720 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3853929 | ||
| XXXXX | XXXXX | 9111452 | D | A | D | A | A | A | A | A | Closed | FCRE0109 | 2025-04-14 09:23 | 2025-04-23 14:06 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Received Patriot Act Form - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. supporting docs - Seller-04/22/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Must be completed with docs used and signed. - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-04/22/2025 |
Resolved-Received Patriot Act Form - Due Diligence Vendor-04/23/2025 |
On time mortgage history exceeds guideline requirement - 0x30 mortgage to 7/2020 Qualifying FICO score is at least 20 points above minimum for program - 776 FICO, 720 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3853931 | |
| XXXXX | XXXXX | 9111452 | D | A | D | A | A | A | A | A | Closed | FCRE1479 | 2025-04-14 09:17 | 2025-04-23 14:03 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-Excluded Asset. Was not required. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. supporting docs - Seller-04/22/2025 Open-Asset Record 1 Does Not Meet G/L Requirements Account history for XXXXX does not name the owner of the account - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-04/22/2025 |
Resolved-Excluded Asset. Was not required. - Due Diligence Vendor-04/23/2025 |
On time mortgage history exceeds guideline requirement - 0x30 mortgage to 7/2020 Qualifying FICO score is at least 20 points above minimum for program - 776 FICO, 720 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3853844 | |
| XXXXX | XXXXX | 9111452 | D | A | D | A | A | A | A | A | Closed | FCRE9501 | 2025-04-14 09:17 | 2025-04-23 14:03 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received Assets. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. supporting docs - Seller-04/22/2025 Open-Total Qualified Assets Post-Close amount is '$-128080.92'. Assets are Insufficient. Missing asset verification - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-04/22/2025 |
Resolved-Received Assets. - Due Diligence Vendor-04/23/2025 |
On time mortgage history exceeds guideline requirement - 0x30 mortgage to 7/2020 Qualifying FICO score is at least 20 points above minimum for program - 776 FICO, 720 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3853846 | |
| XXXXX | XXXXX | 9111452 | D | A | D | A | A | A | A | A | Closed | FCRE1181 | 2025-04-14 09:06 | 2025-04-23 13:44 | Resolved | 1 - Information | C | A | Credit | Insurance | Subject loan is in Flood Zone and Notice of Special Flood Hazard Disclosure Not Completed | Resolved-Received Notice - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. Supporting docs - Buyer-04/22/2025 Open-Subject Property is in Flood Zone AE but Notice of Special Flood Hazard Disclosure was not provided Notice in file is not executed by borrower. - Due Diligence Vendor-04/14/2025 |
Resolved-Received Notice - Due Diligence Vendor-04/23/2025 |
On time mortgage history exceeds guideline requirement - 0x30 mortgage to 7/2020 Qualifying FICO score is at least 20 points above minimum for program - 776 FICO, 720 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3853691 | ||
| XXXXX | XXXXX | 9111452 | D | A | D | A | A | A | A | A | Closed | FCRE1241 | 2025-04-14 08:54 | 2025-04-22 13:58 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Purchase Contract is Missing | Resolved-Received Purchase contract with the correct purchase price. - Due Diligence Vendor-04/22/2025 Ready for Review-Document Uploaded. Doc Uploaded - Buyer-04/18/2025 Counter-Received purchase contract. However, sales price on contract does not match HUD Settlement statement. Provide purchase contract with sales price matching closing docs. - Due Diligence Vendor-04/17/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-04/15/2025 Open-Loan Purpose is Purchase but Purchase Contract is Missing. Missing purchase contract - Due Diligence Vendor-04/14/2025 |
Resolved-Received Purchase contract with the correct purchase price. - Due Diligence Vendor-04/22/2025 |
On time mortgage history exceeds guideline requirement - 0x30 mortgage to 7/2020 Qualifying FICO score is at least 20 points above minimum for program - 776 FICO, 720 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3853537 | ||
| XXXXX | XXXXX | 9133979 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9133862 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9100945 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2025-04-14 17:35 | 2025-06-12 12:45 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received corrected 1003 and confirmation owns free and clear. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. Supporting doc - Seller-06/11/2025 Counter-Documentation is insufficient-application and credit report reflect different addresses for borrower for primary residence. Finding remains. - Due Diligence Vendor-05/14/2025 Ready for Review-Document Uploaded. Supporting docs - Seller-05/13/2025 Open-Housing History Does Not Meet Guideline Requirements The Borrower appears to own the primary residence, no housing information present in the file. - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. Supporting doc - Seller-06/11/2025 Ready for Review-Document Uploaded. Supporting docs - Seller-05/13/2025 |
Resolved-Received corrected 1003 and confirmation owns free and clear. - Due Diligence Vendor-06/12/2025 |
Credit history exceeds minimum required - The Borrower has had 0x30 for more than 12 months. Months Reserves exceed minimum required - The Borrowers FICO score is 737; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3861157 | |
| XXXXX | XXXXX | 9100945 | D | A | D | A | A | A | A | A | Closed | FCRE1151 | 2025-04-14 16:10 | 2025-05-19 12:37 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Received acceptable chain of title. - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. Recorded deed - Seller-05/16/2025 Counter-Chain of title received does not reflect date of acquisition by vested entity. Copy of Deed noted would be acceptable. - Due Diligence Vendor-05/14/2025 Ready for Review-Document Uploaded. Page 6 - Buyer-05/13/2025 Counter-Documentation received is insufficient-please provide 24 month chain of title - Due Diligence Vendor-05/01/2025 Ready for Review-Document Uploaded. Revised Commitment - Seller-04/30/2025 Open-Unsatisfactory Chain of Title provided. Missing Chain of title. - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. Recorded deed - Seller-05/16/2025 Ready for Review-Document Uploaded. Revised Commitment - Seller-04/30/2025 |
Resolved-Received acceptable chain of title. - Due Diligence Vendor-05/19/2025 |
Credit history exceeds minimum required - The Borrower has had 0x30 for more than 12 months. Months Reserves exceed minimum required - The Borrowers FICO score is 737; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3860045 | |
| XXXXX | XXXXX | 9100945 | D | A | D | A | A | A | A | A | Closed | FCRE1145 | 2025-04-14 16:10 | 2025-05-01 14:45 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document Missing | Resolved-Received preliminary title. - Due Diligence Vendor-05/01/2025 Ready for Review-Document Uploaded. Revised Commitment - Buyer-04/30/2025 Open-Title Document is missing Missing Title. - Due Diligence Vendor-04/14/2025 |
Resolved-Received preliminary title. - Due Diligence Vendor-05/01/2025 |
Credit history exceeds minimum required - The Borrower has had 0x30 for more than 12 months. Months Reserves exceed minimum required - The Borrowers FICO score is 737; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3860046 | ||
| XXXXX | XXXXX | 9100945 | D | A | D | A | A | A | A | A | Closed | FCRE0109 | 2025-04-14 16:52 | 2025-04-30 08:22 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Borrower's photo ID is in the loan file. - Due Diligence Vendor-04/30/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-04/29/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Missing Patriot Act Borrower Identification Form. - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-04/29/2025 |
Resolved-Borrower's photo ID is in the loan file. - Due Diligence Vendor-04/30/2025 |
Credit history exceeds minimum required - The Borrower has had 0x30 for more than 12 months. Months Reserves exceed minimum required - The Borrowers FICO score is 737; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3860591 | |
| XXXXX | XXXXX | 9100945 | D | A | D | A | A | A | A | A | Closed | FCRE8887 | 2025-04-11 14:38 | 2025-04-30 08:22 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-Final 1003 not required on a DSCR. - Due Diligence Vendor-04/30/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-04/29/2025 Open-Missing final 1003 - Due Diligence Vendor-04/11/2025 |
Resolved-Final 1003 not required on a DSCR. - Due Diligence Vendor-04/30/2025 |
Credit history exceeds minimum required - The Borrower has had 0x30 for more than 12 months. Months Reserves exceed minimum required - The Borrowers FICO score is 737; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3843322 | ||
| XXXXX | XXXXX | 9119032 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2025-04-15 14:28 | 2025-04-28 12:53 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received guaranty agreement. - Due Diligence Vendor-04/28/2025 Ready for Review-Document Uploaded. supporting docs - Seller-04/25/2025 Counter-Guarantee agreement provided was signed as a Managing Member. Please provide the Individual Agreement. - Due Diligence Vendor-04/18/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-04/16/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Partial'. Guaranty Agreement is not signed as an individual or guarantor - Due Diligence Vendor-04/15/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-04/25/2025 |
Resolved-Received guaranty agreement. - Due Diligence Vendor-04/28/2025 |
Months Reserves exceed minimum required - Reserves: 170 Min 3 DSCR % greater than 1.20 - DSCR: 1.351 Min 1 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3870353 | |
| XXXXX | XXXXX | 9119032 | D | A | D | A | A | A | A | A | Closed | FCRE0104 | 2025-04-15 14:23 | 2025-04-21 13:40 | Resolved | 1 - Information | C | A | Credit | Eligibility | Prepayment Penalty is not allowed | Resolved-Lender's prepay guides do not include a rate restriction. - Due Diligence Vendor-04/21/2025 Open-Prepayment Penalty is not allowed. Fixed Rate when closing in LLC or as individual, permitted if interest rate is equal to or less than 6% - Due Diligence Vendor-04/15/2025 |
Resolved-Lender's prepay guides do not include a rate restriction. - Due Diligence Vendor-04/21/2025 |
Months Reserves exceed minimum required - Reserves: 170 Min 3 DSCR % greater than 1.20 - DSCR: 1.351 Min 1 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3870279 | |||
| XXXXX | XXXXX | 9119032 | D | A | D | A | A | A | A | A | Closed | FCRE1510 | 2025-04-14 10:15 | 2025-04-21 13:39 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Legal description provided. - Due Diligence Vendor-04/21/2025 Counter-Legal from Title provided, please provide the Legal Description attached to the mortgage. - Due Diligence Vendor-04/18/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-04/16/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Legal Description missing from security instrument, document references an attachment that is not found. - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-04/16/2025 |
Resolved-Legal description provided. - Due Diligence Vendor-04/21/2025 |
Months Reserves exceed minimum required - Reserves: 170 Min 3 DSCR % greater than 1.20 - DSCR: 1.351 Min 1 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3854666 | |
| XXXXX | XXXXX | 9119032 | D | A | D | A | A | A | A | A | Closed | FCRE1197 | 2025-04-15 12:50 | 2025-04-18 13:20 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited FICO is less than Guideline FICO | Resolved-Received Credit Report - Audited FICO of 715 is greater than or equal to Guideline FICO of 700 - Due Diligence Vendor-04/18/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-04/16/2025 Open-Audited FICO of is less than Guideline FICO of 700 Missing credit report to confirm qualifying credit score - Due Diligence Vendor-04/15/2025 |
Resolved-Received Credit Report - Audited FICO of 715 is greater than or equal to Guideline FICO of 700 - Due Diligence Vendor-04/18/2025 |
Months Reserves exceed minimum required - Reserves: 170 Min 3 DSCR % greater than 1.20 - DSCR: 1.351 Min 1 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3868867 | ||
| XXXXX | XXXXX | 9119032 | D | A | D | A | A | A | A | A | Closed | FCRE5770 | 2025-04-15 12:15 | 2025-04-18 13:20 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Credit Report is Missing | Resolved-Received Credit Report. - Due Diligence Vendor-04/18/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-04/16/2025 Open-Borrower 1 Credit Report is Missing. Missing full credit report - Due Diligence Vendor-04/15/2025 |
Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-04/16/2025 |
Resolved-Received Credit Report. - Due Diligence Vendor-04/18/2025 |
Months Reserves exceed minimum required - Reserves: 170 Min 3 DSCR % greater than 1.20 - DSCR: 1.351 Min 1 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3868366 | |
| XXXXX | XXXXX | 9133970 | C | A | C | A | A | A | A | A | Closed | FCRE8611 | 2025-04-20 19:25 | 2025-05-13 14:53 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income/Employment General | Resolved-Received 4/2024 statement. - Due Diligence Vendor-05/13/2025 Ready for Review-Document Uploaded. Please see attached - Seller-05/09/2025 Open-Missing April 2024 Bank Statement for account XXXXX. - Due Diligence Vendor-04/20/2025 |
Ready for Review-Document Uploaded. Please see attached - Seller-05/09/2025 |
Resolved-Received 4/2024 statement. - Due Diligence Vendor-05/13/2025 |
Months Reserves exceed minimum required - The Borrower has 25.01 months in reserves; 6 mos required Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 802; guideline minimum is 680. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3910753 | |
| XXXXX | XXXXX | 9064763 | D | A | D | A | D | A | A | A | Closed | FCOM1280 | 2025-04-15 13:02 | 2025-05-12 10:26 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Collateral Protection Notice is Missing | Resolved-Rec'd Collateral Protection Notice. Finding Resolved. - Due Diligence Vendor-05/12/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/09/2025 Open-Collateral Protection Notice is Missing -----Missing Hazard Insurance Authorization and Requirements disclosure - Due Diligence Vendor-04/15/2025 |
Resolved-Rec'd Collateral Protection Notice. Finding Resolved. - Due Diligence Vendor-05/12/2025 |
Months Reserves exceed minimum required - The Borrower has 36.62 months in reserves. Qualifying FICO score is at least 20 points above minimum for program - 787 score exceeds 660 minimum. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3869088 | ||
| XXXXX | XXXXX | 9064763 | D | A | D | A | D | A | A | A | Closed | FCRE1201 | 2025-04-17 12:09 | 2025-05-07 12:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Received supporting documentation for fraud report. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. Supporting doc - Seller-05/06/2025 Counter-Received fraud alert with OFAC Fail-provide corrected report or OFAC clearance. (XXXXX) - Due Diligence Vendor-04/30/2025 Ready for Review-Document Uploaded. Fraud report AND title - Buyer-04/29/2025 Open-Missing Third Party Fraud Report Missing Fraud Report - Due Diligence Vendor-04/17/2025 |
Ready for Review-Document Uploaded. Supporting doc - Seller-05/06/2025 |
Resolved-Received supporting documentation for fraud report. - Due Diligence Vendor-05/07/2025 |
Months Reserves exceed minimum required - The Borrower has 36.62 months in reserves. Qualifying FICO score is at least 20 points above minimum for program - 787 score exceeds 660 minimum. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3891314 | |
| XXXXX | XXXXX | 9064763 | D | A | D | A | D | A | A | A | Closed | FCRE1151 | 2025-04-17 10:53 | 2025-04-30 13:35 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Received chain of title. - Due Diligence Vendor-04/30/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-04/29/2025 Open-Unsatisfactory Chain of Title provided. Missing Chain of Title - Due Diligence Vendor-04/17/2025 |
Resolved-Received chain of title. - Due Diligence Vendor-04/30/2025 |
Months Reserves exceed minimum required - The Borrower has 36.62 months in reserves. Qualifying FICO score is at least 20 points above minimum for program - 787 score exceeds 660 minimum. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3890063 | ||
| XXXXX | XXXXX | 9064763 | D | A | D | A | D | A | A | A | Closed | FCRE0109 | 2025-04-17 12:19 | 2025-04-30 13:27 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Upon further review, the loan file contained all required identification documentation. - Due Diligence Vendor-04/30/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-04/29/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Disclosure on page 1756; 1758 not signed. - Due Diligence Vendor-04/17/2025 |
Resolved-Upon further review, the loan file contained all required identification documentation. - Due Diligence Vendor-04/30/2025 |
Months Reserves exceed minimum required - The Borrower has 36.62 months in reserves. Qualifying FICO score is at least 20 points above minimum for program - 787 score exceeds 660 minimum. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 3891443 | ||
| XXXXX | XXXXX | 9133830 | D | B | D | B | A | A | A | A | Closed | FCRE1202 | 2025-04-19 15:10 | 2025-04-22 15:12 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Received complete fraud report. - Due Diligence Vendor-04/22/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-04/21/2025 Open-Third Party Fraud Report Partially Provided Missing complete copy of the 04/10/2025 fraud report. Pages are cut off on bottom. Additional findings may apply. - Due Diligence Vendor-04/19/2025 |
Ready for Review-Document Uploaded. Please see attached. - Seller-04/21/2025 |
Resolved-Received complete fraud report. - Due Diligence Vendor-04/22/2025 |
Months Reserves exceed minimum required - 81.08 months reserves exceed 12 months required. DSCR % greater than 1.20 - 1.322 DSCR and minimum of 1 required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3909146 | |
| XXXXX | XXXXX | 9133830 | D | B | D | B | A | A | A | A | Closed | FCRE1440 | 2025-04-19 15:04 | 2025-04-22 15:09 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received confirmation property free and clear. - Due Diligence Vendor-04/22/2025 Ready for Review-Document Uploaded. Please note the XXXXX property is Free and Clear as supported by the attached HOI reflecting no mortgagees listed. - Seller-04/21/2025 Open-Housing History Does Not Meet Guideline Requirements Missing VOM with at least a 12 month history for borrower's primary residence if applicable. Property report notes outstanding mortgages in the property history section (PDF 770). - Due Diligence Vendor-04/19/2025 |
Ready for Review-Document Uploaded. Please note the XXXXX property is Free and Clear as supported by the attached HOI reflecting no mortgagees listed. - Seller-04/21/2025 |
Resolved-Received confirmation property free and clear. - Due Diligence Vendor-04/22/2025 |
Months Reserves exceed minimum required - 81.08 months reserves exceed 12 months required. DSCR % greater than 1.20 - 1.322 DSCR and minimum of 1 required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3909137 | |
| XXXXX | XXXXX | 9133830 | D | B | D | B | A | A | A | A | Closed | FCRE1197 | 2025-04-19 15:15 | 2025-04-21 10:11 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Audited FICO of 637 is less than Guideline FICO of 660 Min score of 660 required for 65% LTV. Originator exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to non ATR affecting. - Due Diligence Vendor-04/21/2025 |
Waived-Audited FICO of 637 is less than Guideline FICO of 660 Min score of 660 required for 65% LTV. Originator exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to non ATR affecting. - Due Diligence Vendor-04/21/2025 |
Months Reserves exceed minimum required - 81.08 months reserves exceed 12 months required. DSCR % greater than 1.20 - 1.322 DSCR and minimum of 1 required. |
DSCR > 1.2. 12+ months reserves above minimum. 4+ years in primary residence. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 3909153 | ||
| XXXXX | XXXXX | 9133944 | C | B | C | B | A | A | A | A | Closed | FCRE1498 | 2025-04-21 16:12 | 2025-04-21 17:19 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower Rental Experience Insufficient per Guidelines (DSCR) | Waived-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) For multi family purchase for FTHB vs experienced investor. Originator exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to non ATR loan. - Due Diligence Vendor-04/21/2025 |
Waived-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) For multi family purchase for FTHB vs experienced investor. Originator exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to non ATR loan. - Due Diligence Vendor-04/21/2025 |
Credit history exceeds minimum required - Credit history since 3.2018, with 0X30 lates. Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO 680, borrower FICO 781. |
Credit History LTV 5% below max Score 81 above min. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 3919319 | ||
| XXXXX | XXXXX | 9133944 | C | B | C | B | A | A | A | A | Closed | FCRE0970 | 2025-04-21 16:28 | 2025-04-21 17:19 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Appraisal has issues (credit) | Waived-Commercial appraisal versus guidelines appraisal forms 71A, 1050 or Short form. Originator exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to appraisal used is a better product. - Due Diligence Vendor-04/21/2025 |
Waived-Commercial appraisal versus guidelines appraisal forms 71A, 1050 or Short form. Originator exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to appraisal used is a better product. - Due Diligence Vendor-04/21/2025 |
Credit history exceeds minimum required - Credit history since 3.2018, with 0X30 lates. Qualifying FICO score is at least 20 points above minimum for program - Lender minimum FICO 680, borrower FICO 781. |
Credit History Years on Job Commercial Appraisal is a more detailed report. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 3919522 | ||
| XXXXX | XXXXX | 9133855 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXXX | XXXXX | 9133869 | C | A | C | A | A | A | A | A | Closed | FCRE0099 | 2025-04-25 06:24 | 2025-05-29 09:51 | Resolved | 1 - Information | C | A | Credit | Eligibility | Discrepancy between Condo Questionnaire and Appraisal | Resolved-Confirmed the project is 86 units as indicated on the HOA cert. - Due Diligence Vendor-05/29/2025 Ready for Review-We note that there is a discrepancy between the HOA Cert and the Appraisal; however, the difference has no impact on the loan. WE further note that the 9 Unit difference will not impact the warrantability of the Project, nor its Primary use. We ask that this condition be cleared - Seller-05/28/2025 Open-HOA questionnaire states 86 units vs appraisal 77 units. - Due Diligence Vendor-04/25/2025 |
Ready for Review-We note that there is a discrepancy between the HOA Cert and the Appraisal; however, the difference has no impact on the loan. WE further note that the 9 Unit difference will not impact the warrantability of the Project, nor its Primary use. We ask that this condition be cleared - Seller-05/28/2025 |
Resolved-Confirmed the project is 86 units as indicated on the HOA cert. - Due Diligence Vendor-05/29/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 722 vs program min of 640 LTV is less than guideline maximum - LTV is 31.37% vs program max allowed to 75% |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3960433 | ||
| XXXXX | XXXXX | 9133869 | C | A | C | A | A | A | A | A | Closed | FCRE0104 | 2025-04-25 08:32 | 2025-05-29 08:46 | Resolved | 1 - Information | C | A | Credit | Eligibility | Prepayment Penalty is not allowed | Resolved-Confirmed prepay allowable per guidelines. - Due Diligence Vendor-05/29/2025 Ready for Review-Please note that the XXXXX DSCR Guide supersedes the Matrix; and per Section 5.9, the prepayment on the loan is allowed as it states: Six (6) months of interest – The prepayment charge will be equal to six (6) months of interest on the amount of the prepayment that exceeds 20% of the original principal balance. The charge applies to loans that pay off due to sale or refinance, or curtailments that exceed 20% of the original principal balance in a given 12-month time period. (Not eligible under 5-8 unit). We ask that this condition be waived - Seller-05/28/2025 Open-Prepayment Penalty is not allowed. Per Note prepay is 12 months. Based on the lender matrix allowable prepay for 1 year is the following: 1 Year - 5% Fixed or 3% Fixed. Loan closed with the following prepayment: (6) months of interest on the amount of the prepayment that exceeds 20% of the original principal balance - Due Diligence Vendor-04/25/2025 |
Ready for Review-Please note that the XXXXX DSCR Guide supersedes the Matrix; and per Section 5.9, the prepayment on the loan is allowed as it states: Six (6) months of interest – The prepayment charge will be equal to six (6) months of interest on the amount of the prepayment that exceeds 20% of the original principal balance. The charge applies to loans that pay off due to sale or refinance, or curtailments that exceed 20% of the original principal balance in a given 12-month time period. (Not eligible under 5-8 unit). We ask that this condition be waived - Seller-05/28/2025 |
Resolved-Confirmed prepay allowable per guidelines. - Due Diligence Vendor-05/29/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 722 vs program min of 640 LTV is less than guideline maximum - LTV is 31.37% vs program max allowed to 75% |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3961296 | ||
| XXXXX | XXXXX | 9119042 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-04-23 14:09 | 2025-05-08 13:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-05/08/2025 Ready for Review-Document Uploaded. DSCR Calc - Buyer-05/07/2025 Counter-DSCR provided has an incorrect P&I payment. - Due Diligence Vendor-05/05/2025 Ready for Review-Document Uploaded. DSCR Calculation Uploaded - Seller-05/01/2025 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-04/23/2025 |
Ready for Review-Document Uploaded. DSCR Calculation Uploaded - Seller-05/01/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-05/08/2025 |
LTV is less than guideline maximum - 65% LTV; 75% max allowed Months Reserves exceed minimum required - The Borrower has 8.62 months in reserves; 3 mos required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3941226 | |
| XXXXX | XXXXX | 9119042 | D | A | D | A | A | A | A | A | Closed | FCRE0109 | 2025-04-23 14:09 | 2025-05-08 13:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Received photo id. - Due Diligence Vendor-05/08/2025 Ready for Review-Document Uploaded. DL - Seller-05/07/2025 Counter-ID for B1 was located in the loan file, however we are missing the ID for B2. - Due Diligence Vendor-05/05/2025 Ready for Review-Document Uploaded. supporting docs - Seller-05/01/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Missing Patriot Act Borrower Identification Form. - Due Diligence Vendor-04/23/2025 |
Ready for Review-Document Uploaded. DL - Seller-05/07/2025 Ready for Review-Document Uploaded. supporting docs - Seller-05/01/2025 |
Resolved-Received photo id. - Due Diligence Vendor-05/08/2025 |
LTV is less than guideline maximum - 65% LTV; 75% max allowed Months Reserves exceed minimum required - The Borrower has 8.62 months in reserves; 3 mos required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3941227 | |
| XXXXX | XXXXX | 9119042 | D | A | D | A | A | A | A | A | Closed | FCRE0112 | 2025-04-23 14:09 | 2025-05-08 13:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Approval/Underwriting Summary Not Provided_3 | Resolved-Received approval. - Due Diligence Vendor-05/05/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/01/2025 Open-Approval/Underwriting Summary Not Provided. Missing 1008 - Due Diligence Vendor-04/23/2025 |
Resolved-Received approval. - Due Diligence Vendor-05/05/2025 |
LTV is less than guideline maximum - 65% LTV; 75% max allowed Months Reserves exceed minimum required - The Borrower has 8.62 months in reserves; 3 mos required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3941228 | ||
| XXXXX | XXXXX | 9119042 | D | A | D | A | A | A | A | A | Closed | FCRE0044 | 2025-04-23 15:42 | 2025-05-08 13:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-Upon further review, the loan file contained all required credit documentation. - Due Diligence Vendor-05/08/2025 Ready for Review-Document Uploaded. LOE - Buyer-05/07/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/01/2025 Open-LOX for credit inquiries is missing. - Due Diligence Vendor-04/23/2025 |
Resolved-Upon further review, the loan file contained all required credit documentation. - Due Diligence Vendor-05/08/2025 |
LTV is less than guideline maximum - 65% LTV; 75% max allowed Months Reserves exceed minimum required - The Borrower has 8.62 months in reserves; 3 mos required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3943007 | ||
| XXXXX | XXXXX | 9119042 | D | A | D | A | A | A | A | A | Closed | FCRE8223 | 2025-04-23 16:04 | 2025-05-05 12:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Articles of Origination | Resolved-Received Articles of Organization. - Due Diligence Vendor-05/05/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/01/2025 Open-Missing Articles of Origination for XXXXX- Due Diligence Vendor-04/23/2025 |
Resolved-Received Articles of Organization. - Due Diligence Vendor-05/05/2025 |
LTV is less than guideline maximum - 65% LTV; 75% max allowed Months Reserves exceed minimum required - The Borrower has 8.62 months in reserves; 3 mos required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3943471 | ||
| XXXXX | XXXXX | 9130225 | D | A | D | A | A | A | A | A | Closed | FCRE8701 | 2025-04-24 08:19 | 2025-06-26 09:50 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-Received UW certification of sole member LLC using SS# in lieu of EIN. - Due Diligence Vendor-06/24/2025 Ready for Review-Document Uploaded. Confirmation of SS - Seller-06/23/2025 Counter-Received operating agreement, good standing and art of incorp--missing EIN from IRS. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. supporting docs - Seller-06/03/2025 Open-The Business Entity Formation Document is Missing The entity documents provided are not for the entity reflected on Note, DOT and title. Provide the following entity docs for XXXXX - Entity Articles of Organization; Operating Agreement; Tax Identification Number (Employer Identification Number – EIN); Certificate of Good Standing - Due Diligence Vendor-05/29/2025 |
Ready for Review-Document Uploaded. Confirmation of SS - Seller-06/23/2025 Ready for Review-Document Uploaded. supporting docs - Seller-06/03/2025 |
Resolved-Received UW certification of sole member LLC using SS# in lieu of EIN. - Due Diligence Vendor-06/24/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 16.72 months DSCR % greater than 1.20 - Actual 1.369 Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 764 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3948738 | |
| XXXXX | XXXXX | 9130225 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2025-04-24 08:58 | 2025-06-02 12:14 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received lease, proof payments. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. Proof of paid rents on bank statmens - Buyer-05/30/2025 Counter-Received lease and statements. Unable to match lease payment to statements received. Please locate on each statement for review. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. Supporting docs - Seller-05/28/2025 Counter-Credit report provided, however we are missing the Primary Housing Mortgage payment history paid through close. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. Credit report dated 2/26/25 - Buyer-05/21/2025 Open-Housing History Does Not Meet Guideline Requirements Credit report is expired. 4 mortgages on report. Need history to be updated. Additionally, need clarification if the borrower's primary residence has a mortgage lien and proof of mortgage history to be provided. Subject to additional conditions - Due Diligence Vendor-04/24/2025 |
Ready for Review-Document Uploaded. Supporting docs - Seller-05/28/2025 |
Resolved-Received lease, proof payments. - Due Diligence Vendor-06/02/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 16.72 months DSCR % greater than 1.20 - Actual 1.369 Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 764 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3949147 | |
| XXXXX | XXXXX | 9130225 | D | A | D | A | A | A | A | A | Closed | FCRE2393 | 2025-04-22 15:54 | 2025-04-29 13:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing an established escrow impound account for taxes and insurance. | Resolved-Upon further review, the loan file contained all required escrow account documentation. - Due Diligence Vendor-04/29/2025 Ready for Review-Document Uploaded. IEAD not required - Seller-04/28/2025 Open-unknown escrow - Due Diligence Vendor-04/22/2025 |
Ready for Review-Document Uploaded. IEAD not required - Seller-04/28/2025 |
Resolved-Upon further review, the loan file contained all required escrow account documentation. - Due Diligence Vendor-04/29/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 16.72 months DSCR % greater than 1.20 - Actual 1.369 Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 764 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3930680 | |
| XXXXX | XXXXX | 9130225 | D | A | D | A | A | A | A | A | Closed | FCRE5778 | 2025-04-24 09:39 | 2025-04-29 13:07 | Resolved | 1 - Information | C | A | Credit | Eligibility | Borrower 1 Credit Report is Expired | Resolved-Received updated credit report. - Due Diligence Vendor-04/29/2025 Ready for Review-Document Uploaded. Credit Report - Buyer-04/28/2025 Open-Borrower 1 Credit Report is Expired (Greater than 120 days from the Closing Date). Credit report is expired. Provide updated credit report. Subject to additional conditions. - Due Diligence Vendor-04/24/2025 |
Resolved-Received updated credit report. - Due Diligence Vendor-04/29/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 16.72 months DSCR % greater than 1.20 - Actual 1.369 Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 764 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3949702 | ||
| XXXXX | XXXXX | 9133893 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Second Home | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9125124 | D | A | C | A | A | A | D | A | Closed | FCRE1509 | 2025-04-29 13:10 | 2025-07-02 16:12 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Note Document | Resolved-Updated Note and PPP addendum provided. - Due Diligence Vendor-07/02/2025 Ready for Review-Document Uploaded. PPP addendum - Buyer-07/02/2025 Counter-Prepayment Addendum to Note provided, however the note is missing the XXXXX. - Due Diligence Vendor-05/02/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/01/2025 Open-There are Issues Present on the Note that must be addressed. The note is missing the XXXXX. - Due Diligence Vendor-04/29/2025 |
Resolved-Updated Note and PPP addendum provided. - Due Diligence Vendor-07/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 758; guideline minimum is 700. Months Reserves exceed minimum required - The Borrower has 8.36 months in reserves. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3994626 | ||
| XXXXX | XXXXX | 9125124 | D | A | C | A | A | A | D | A | Closed | FPRO1253 | 2025-04-25 15:49 | 2025-05-02 14:01 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Received Desk Review supporting the appraised value. - Due Diligence Vendor-05/02/2025 Ready for Review-Document Uploaded. CDA - Buyer-05/01/2025 Open-Additional valuation product has not been provided. Missing Secondary Valuation. - Due Diligence Vendor-04/25/2025 |
Resolved-Received Desk Review supporting the appraised value. - Due Diligence Vendor-05/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 758; guideline minimum is 700. Months Reserves exceed minimum required - The Borrower has 8.36 months in reserves. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 3967740 | ||
| XXXXX | XXXXX | 9125119 | D | A | D | A | A | A | A | A | Closed | FCRE1202 | 2025-04-28 15:21 | 2025-04-30 12:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Received updated fraud report. - Due Diligence Vendor-04/30/2025 Ready for Review-Document Uploaded. Drive Report - Buyer-04/29/2025 Open-Third Party Fraud Report Partially Provided Missing required fraud report with passing score and high alerts cleared. - Due Diligence Vendor-04/28/2025 |
Resolved-Received updated fraud report. - Due Diligence Vendor-04/30/2025 |
Months Reserves exceed minimum required - Reserves: 45 Min 3 Qualifying FICO score is at least 20 points above minimum for program - FICO: 752 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3983948 | ||
| XXXXX | XXXXX | 9130238 | D | A | D | A | A | A | A | A | Closed | FCRE6618 | 2025-04-28 14:11 | 2025-06-05 14:54 | Resolved | 1 - Information | C | A | Credit | Borrower | Borrower information on 1003 is incomplete | Resolved-After further review, fraud report provided does reflect the last 4 of social which coincides with the social provided on the SS-4 document. Condition resolved. - Due Diligence Vendor-06/05/2025 Ready for Review-Document Uploaded. Please see page 17 for last 4 of the SSN for reference. - Seller-06/03/2025 Counter-Received SS 4 for social security number -unable to validate number received as credit report and fraud do not reflect social security number. Pending receipt of those 2 items. - Due Diligence Vendor-05/05/2025 Ready for Review-Document Uploaded. Guarantor's SSN is on this form. - Buyer-05/02/2025 Open-A valid Social Security number is required for all Guarantors - Due Diligence Vendor-04/28/2025 |
Ready for Review-Document Uploaded. Please see page 17 for last 4 of the SSN for reference. - Seller-06/03/2025 |
Resolved-After further review, fraud report provided does reflect the last 4 of social which coincides with the social provided on the SS-4 document. Condition resolved. - Due Diligence Vendor-06/05/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 785 Fico, 720 required Months Reserves exceed minimum required - 12.67 months reserves documented, 3 months required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3982791 | |
| XXXXX | XXXXX | 9130238 | D | A | D | A | A | A | A | A | Closed | FCRE1201 | 2025-04-28 13:37 | 2025-06-05 14:51 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-After further review- last 4 digits of social do match. Condition resolved - Due Diligence Vendor-06/05/2025 Ready for Review-Document Uploaded. Please see page 17 for last 4 of the SSN for reference. - Buyer-06/03/2025 Counter-Received fraud report for borrower-report does not include borrowers social security number. Must be included for validation. Additional conditions may apply - Due Diligence Vendor-05/05/2025 Ready for Review-Document Uploaded. Supporting docs - Seller-05/02/2025 Open-Missing Third Party Fraud Report All loans must include a third-party fraud detection report (inclusive of Background check and Credit check) for all Borrowers/Guarantors - Due Diligence Vendor-04/28/2025 |
Ready for Review-Document Uploaded. Supporting docs - Seller-05/02/2025 |
Resolved-After further review- last 4 digits of social do match. Condition resolved - Due Diligence Vendor-06/05/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 785 Fico, 720 required Months Reserves exceed minimum required - 12.67 months reserves documented, 3 months required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 3982188 | |
| XXXXX | XXXXX | 9130238 | D | A | D | A | A | A | A | A | Closed | FCRE5774 | 2025-05-05 12:20 | 2025-06-05 14:50 | Resolved | 1 - Information | C | A | Credit | Borrower | Borrower 1 Credit Report is Incomplete | Resolved-After further review- Last 4 of social do match and reflect on the report. Report does not expose the full number for security purposes. Condition resolved. - Due Diligence Vendor-06/05/2025 Ready for Review-Document Uploaded. Please see page 17 for last 4 of the SSN for reference. - Seller-06/03/2025 Open-Borrower 1 Credit Report is Partially Present. *New* Missing social security on credit report received. - Due Diligence Vendor-05/05/2025 |
Ready for Review-Document Uploaded. Please see page 17 for last 4 of the SSN for reference. - Seller-06/03/2025 |
Resolved-After further review- Last 4 of social do match and reflect on the report. Report does not expose the full number for security purposes. Condition resolved. - Due Diligence Vendor-06/05/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 785 Fico, 720 required Months Reserves exceed minimum required - 12.67 months reserves documented, 3 months required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4044732 | |
| XXXXX | XXXXX | 9134562 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2025-04-28 14:34 | 2025-05-27 11:29 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received Guaranty Agreement - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-05/22/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Missing'. Missing Guaranty Agreement. - Due Diligence Vendor-04/28/2025 |
Resolved-Received Guaranty Agreement - Due Diligence Vendor-05/27/2025 |
Months Reserves exceed minimum required - 62 months reserves; 3 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 771; guidelines require 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3983207 | ||
| XXXXX | XXXXX | 9100934 | D | B | D | B | A | A | A | A | Closed | FCRE1510 | 2025-04-28 09:10 | 2025-05-15 11:06 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/15/2025 Ready for Review-Document Uploaded. DOT - Buyer-05/14/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. missing legal - Due Diligence Vendor-04/28/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/15/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 793 FICO, 660 required Months Reserves exceed minimum required - 159 months reserves, 3 months required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3977707 | ||
| XXXXX | XXXXX | 9100934 | D | B | D | B | A | A | A | A | Closed | FCRE5782 | 2025-04-29 15:41 | 2025-05-09 09:37 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received Gap Report - Due Diligence Vendor-05/09/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/07/2025 Open-Borrower 1 Gap Credit Report is Missing Missing Gap Rep - Due Diligence Vendor-04/29/2025 |
Resolved-Received Gap Report - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 793 FICO, 660 required Months Reserves exceed minimum required - 159 months reserves, 3 months required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3997446 | ||
| XXXXX | XXXXX | 9100934 | D | B | D | B | A | A | A | A | Closed | FCRE8201 | 2025-04-29 12:28 | 2025-04-29 15:54 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Client exception granted and in file, waiver applied with comp factors. (Non Mat-Lender approved exception with comp factors) - Due Diligence Vendor-04/29/2025 Open-Subject has 2 ADUs-maximum allowable is 1. Lender exception in file. - Due Diligence Vendor-04/29/2025 |
Waived-Client exception granted and in file, waiver applied with comp factors. (Non Mat-Lender approved exception with comp factors) - Due Diligence Vendor-04/29/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 793 FICO, 660 required Months Reserves exceed minimum required - 159 months reserves, 3 months required |
Credit score 793 above minimum 680 required 32% DTI, program allows 50% |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 3993980 | ||
| XXXXX | XXXXX | 9133964 | D | A | C | A | A | A | D | A | Closed | FCRE1232 | 2025-04-29 17:17 | 2025-05-09 16:33 | Resolved | 1 - Information | C | A | Credit | Eligibility | Calculated DSCR does not meet the Minimum DSCR allowed | Resolved-Upon further review, the loan file contained all required DSCR calculation. - Due Diligence Vendor-05/09/2025 Ready for Review-Please review the guidelines again, Per the DSCR guidelines, section 3.7 for interest only ARM programs, the greater of the Note rate or the fully indexed rate is used to determine the qualifying ITIA (Interest, Tax, Insurance, Association). In this case the Note rate was greater and used. - Seller-05/07/2025 Counter-Recalculated P&I with Greater of Start Rate or Fully Indexed Rate at FULLY Amortized Payment. P&I is calculating at $10,480.37. DSCR is 0.939 - Due Diligence Vendor-05/07/2025 Ready for Review-We respectfully disagree. Per the DSCR guidelines, section 3.7 for interest only ARM programs, the greater of the Note rate or the fully indexed rate is used to determine the qualifying ITIA (Interest, Tax, Insurance, Association). In this case the Note rate was greater and used. - Seller-05/05/2025 Counter-Review used $12,376 monthly income and $13,185.10 PITIA. P&I calculated with Start Rate at fully Amortized Payment. - Due Diligence Vendor-05/05/2025 Ready for Review-We respectfully disagree. According to the DSCR guidelines, section 3.1 Purchase Qualification: On Purchase transactions, the qualifying rent figure will be the higher of the 1007 or the current lease provided the difference is not greater than 20%. According to the 1008, the qualifying rent figure was based on the existing lease amounts of $12,376.44 for all the occupied units. Please refer to the subject property rent roll on page 24 of the appraisal. The resulting DSCR ratio is 1.104. - Seller-05/01/2025 Open-The Calculated DSCR of '0.939' is less than the minimum DSCR per lender guidelines of '1'. Loan DSCR of 0.939 does not meet program guideline minimum DSCR of 1.00 - Due Diligence Vendor-04/29/2025 |
Ready for Review-Please review the guidelines again, Per the DSCR guidelines, section 3.7 for interest only ARM programs, the greater of the Note rate or the fully indexed rate is used to determine the qualifying ITIA (Interest, Tax, Insurance, Association). In this case the Note rate was greater and used. - Seller-05/07/2025 Ready for Review-We respectfully disagree. Per the DSCR guidelines, section 3.7 for interest only ARM programs, the greater of the Note rate or the fully indexed rate is used to determine the qualifying ITIA (Interest, Tax, Insurance, Association). In this case the Note rate was greater and used. - Seller-05/05/2025 Ready for Review-We respectfully disagree. According to the DSCR guidelines, section 3.1 Purchase Qualification: On Purchase transactions, the qualifying rent figure will be the higher of the 1007 or the current lease provided the difference is not greater than 20%. According to the 1008, the qualifying rent figure was based on the existing lease amounts of $12,376.44 for all the occupied units. Please refer to the subject property rent roll on page 24 of the appraisal. The resulting DSCR ratio is 1.104. - Seller-05/01/2025 |
Resolved-Upon further review, the loan file contained all required DSCR calculation. - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 700,borrowers mid score is 798 Months Reserves exceed minimum required - 6 month reserves required, borrower has 32.79 documented |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3998546 | ||
| XXXXX | XXXXX | 9133964 | D | A | C | A | A | A | D | A | Closed | FPRO1253 | 2025-04-29 09:30 | 2025-05-05 15:25 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Upon further review, the loan file contained a BPO. - Due Diligence Vendor-05/05/2025 Ready for Review-We respectfully disagree. An additional valuation was provided. Please refer to file upload pages 127-187. - Seller-05/01/2025 Open-Additional valuation product has not been provided. Additional valuation is required, only Appraisal provided - Due Diligence Vendor-04/29/2025 |
Ready for Review-We respectfully disagree. An additional valuation was provided. Please refer to file upload pages 127-187. - Seller-05/01/2025 |
Resolved-Upon further review, the loan file contained a BPO. - Due Diligence Vendor-05/05/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO is 700,borrowers mid score is 798 Months Reserves exceed minimum required - 6 month reserves required, borrower has 32.79 documented |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3991033 | ||
| XXXXX | XXXXX | 9130209 | D | A | D | A | A | A | A | A | Closed | FCRE1509 | 2025-04-30 10:18 | 2025-06-05 11:18 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Note Document | Resolved-Interest Only Note provided. - Due Diligence Vendor-06/05/2025 Ready for Review-Document Uploaded. Signed new note - Buyer-06/04/2025 Open-There are Issues Present on the Note that must be addressed. Per CD, Tape, and payment reflective on the Note the note is interest only. however, the note is missing Interest only language. - Due Diligence Vendor-04/30/2025 |
Resolved-Interest Only Note provided. - Due Diligence Vendor-06/05/2025 |
LTV is less than guideline maximum - LTV: 75 Max 80 Months Reserves exceed minimum required - Reserves: 60 Min 3 Qualifying FICO score is at least 20 points above minimum for program - FICO: 752 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4003195 | ||
| XXXXX | XXXXX | 9130209 | D | A | D | A | A | A | A | A | Closed | FCRE1728 | 2025-04-30 10:24 | 2025-05-15 11:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing rent comparable schedule form 1007 | Resolved-Received 1007. - Due Diligence Vendor-05/15/2025 Ready for Review-Document Uploaded. Supporting docs - Seller-05/14/2025 Counter-Page 14 states the appraiser is using $1,750 rental income, however we are missing the 1007 and the Comparable Rentals. - Due Diligence Vendor-05/09/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/07/2025 Open-Missing comparable rent schedule for appraisal. - Due Diligence Vendor-04/30/2025 |
Ready for Review-Document Uploaded. Supporting docs - Seller-05/14/2025 |
Resolved-Received 1007. - Due Diligence Vendor-05/15/2025 |
LTV is less than guideline maximum - LTV: 75 Max 80 Months Reserves exceed minimum required - Reserves: 60 Min 3 Qualifying FICO score is at least 20 points above minimum for program - FICO: 752 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4003303 | |
| XXXXX | XXXXX | 9130209 | D | A | D | A | A | A | A | A | Closed | FCRE8701 | 2025-04-29 18:18 | 2025-05-15 11:40 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-Received Business Entity Documentation - Due Diligence Vendor-05/09/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/07/2025 Open-The Business Entity Formation Document is Missing Missing corporate documents, including, but not limited to Articles of Incorporation, Operating Agreement, Formation, Department of Corporations Active/Good Standing, Borrowing Certification, EIN for the following business: XXXXX. Other findings may apply upon review of missing documents. - Due Diligence Vendor-04/29/2025 |
Resolved-Received Business Entity Documentation - Due Diligence Vendor-05/09/2025 |
LTV is less than guideline maximum - LTV: 75 Max 80 Months Reserves exceed minimum required - Reserves: 60 Min 3 Qualifying FICO score is at least 20 points above minimum for program - FICO: 752 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3998952 | ||
| XXXXX | XXXXX | 9130209 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2025-04-30 10:23 | 2025-05-15 11:40 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Note signed as an individual and as business. - Due Diligence Vendor-05/05/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Partial'. Signed as business and individual. - Due Diligence Vendor-04/30/2025 |
Resolved-Note signed as an individual and as business. - Due Diligence Vendor-05/05/2025 |
LTV is less than guideline maximum - LTV: 75 Max 80 Months Reserves exceed minimum required - Reserves: 60 Min 3 Qualifying FICO score is at least 20 points above minimum for program - FICO: 752 Min 700 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4003288 | |||
| XXXXX | XXXXX | 9134600 | D | A | D | A | A | A | A | A | Closed | FCRE1198 | 2025-04-29 20:47 | 2025-06-11 14:26 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received additional assets - Audited Reserves of 79.47 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. supporting docs - Seller-06/09/2025 Counter-Assets provided were already included in the review. Please provide additional assets. - Due Diligence Vendor-05/02/2025 Ready for Review-Document Uploaded. Bank statements - Buyer-04/30/2025 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) Borrower short cash to close and reserves. - Due Diligence Vendor-04/30/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-06/09/2025 |
Resolved-Received additional assets - Audited Reserves of 79.47 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-06/11/2025 |
LTV is less than guideline maximum - Maximum LTV is 80%. Subject loan is 75% LTV. DSCR % greater than 1.20 - Qualifying DSCR is 1.704 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3999359 | |
| XXXXX | XXXXX | 9134600 | D | A | D | A | A | A | A | A | Closed | FCRE9501 | 2025-04-29 20:34 | 2025-06-11 14:26 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received additional assets. - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/09/2025 Open-Total Qualified Assets Post-Close amount is '$-27997.18'. Assets are Insufficient. Insufficient assets documented in the file. - Due Diligence Vendor-04/30/2025 |
Resolved-Received additional assets. - Due Diligence Vendor-06/11/2025 |
LTV is less than guideline maximum - Maximum LTV is 80%. Subject loan is 75% LTV. DSCR % greater than 1.20 - Qualifying DSCR is 1.704 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3999339 | ||
| XXXXX | XXXXX | 9134600 | D | A | D | A | A | A | A | A | Closed | FCRE8257 | 2025-04-29 19:34 | 2025-05-22 12:26 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Prepayment Rider-Credit | Resolved-Upon further review, the loan file contained all required prepayment documentation as addendum to Note received. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. Investor response - Buyer-05/21/2025 Open-The Prepayment Rider is missing from the file. - Due Diligence Vendor-04/29/2025 |
Resolved-Upon further review, the loan file contained all required prepayment documentation as addendum to Note received. - Due Diligence Vendor-05/22/2025 |
LTV is less than guideline maximum - Maximum LTV is 80%. Subject loan is 75% LTV. DSCR % greater than 1.20 - Qualifying DSCR is 1.704 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3999218 | ||
| XXXXX | XXXXX | 9134600 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-04-29 20:43 | 2025-05-14 12:22 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR Calculation - Due Diligence Vendor-05/14/2025 Ready for Review-Document Uploaded. DSCR Calculation Uploaded - Buyer-05/12/2025 Counter-Calculation provided used taxes and insurance annual amount and not monthly amount. Please provide a revised calculation. - Due Diligence Vendor-05/02/2025 Ready for Review-Document Uploaded. DSCR Calculator - Buyer-04/30/2025 Open-The DSCR Calculation from lender is Missing. The DSCR calculation worksheet is missing from the file - Due Diligence Vendor-04/30/2025 |
Resolved-Received DSCR Calculation - Due Diligence Vendor-05/14/2025 |
LTV is less than guideline maximum - Maximum LTV is 80%. Subject loan is 75% LTV. DSCR % greater than 1.20 - Qualifying DSCR is 1.704 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3999355 | ||
| XXXXX | XXXXX | 9134600 | D | A | D | A | A | A | A | A | Closed | FCRE1726 | 2025-04-29 20:58 | 2025-05-02 12:38 | Resolved | 1 - Information | C | A | Credit | Borrower | Potential Identity Issues identified in the file | Resolved-Received SSN verification for B2. - Due Diligence Vendor-05/02/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-04/30/2025 Open-SSN documentation is missing from the file. - Due Diligence Vendor-04/30/2025 |
Resolved-Received SSN verification for B2. - Due Diligence Vendor-05/02/2025 |
LTV is less than guideline maximum - Maximum LTV is 80%. Subject loan is 75% LTV. DSCR % greater than 1.20 - Qualifying DSCR is 1.704 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 3999373 | ||
| XXXXX | XXXXX | 9130233 | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2025-04-30 10:51 | 2025-05-06 12:51 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-05/06/2025 Ready for Review-Document Uploaded. Investor waiver - Buyer-05/06/2025 Counter-Please provide the client approved exception. - Due Diligence Vendor-05/02/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-04/30/2025 Open-Housing History Does Not Meet Guideline Requirements due to Borrowers residing rent free are not eligible. XXXXX exception request / approval on file (not an eResi approval). - Due Diligence Vendor-04/30/2025 |
Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-05/06/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 747 DSCR % greater than 1.20 - Qualifying DSCR is 1.213% |
FICO 20+ points greater than the program requirement DSCR > 1.15 high reserves |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4003777 | |
| XXXXX | XXXXX | 9130216 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2025-04-30 15:02 | 2025-05-28 13:12 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received Guaranty agreement. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. signed Guaranty agreement - Buyer-05/27/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Partial'. The personal guaranty must be signed as an individual. File copy is executed as "Managing Member" - Due Diligence Vendor-05/05/2025 |
Resolved-Received Guaranty agreement. - Due Diligence Vendor-05/28/2025 |
LTV is less than guideline maximum - 49% LTV, program allows 80% Qualifying FICO score is at least 20 points above minimum for program - 731 FICO, 660 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4008264 | ||
| XXXXX | XXXXX | 9130216 | D | A | D | A | A | A | A | A | Closed | FCRE1201 | 2025-04-30 15:37 | 2025-05-07 13:31 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Received Fraud Report. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. XXXXX with cleared alerts Attached - Buyer-05/05/2025 Open-Missing Third Party Fraud Report All loans must be submitted to an automated fraud and data check tool (i.e. XXXXX). - Due Diligence Vendor-04/30/2025 |
Resolved-Received Fraud Report. - Due Diligence Vendor-05/07/2025 |
LTV is less than guideline maximum - 49% LTV, program allows 80% Qualifying FICO score is at least 20 points above minimum for program - 731 FICO, 660 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4008721 | ||
| XXXXX | 9165595 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | |||||||||||||||||||
| XXXXX | XXXXX | 9146937 | D | B | D | B | A | A | A | A | Closed | FCRE1325 | 2025-05-02 16:02 | 2025-05-15 10:52 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Waived-Client provided a waiver for use of PTIN, applied to non material finding with comp factors - Due Diligence Vendor-05/15/2025 Ready for Review-Document Uploaded. Request and approval - Seller-05/14/2025 Counter-Documentation received is insufficient-CPA, EA or CTEC required meeting 5.2.3 of guidelines. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/06/2025 Open-Borrower 1 CPA Letter Missing S/E was verified by PTIN. Guideline - Verification must be from a third-party, such as a CPA, Enrolled Agent, CTEC or Chartered Tax Adviser, Third-party Licensed Tax Preparer (excluding PTIN tax preparers, PTIN preparers that work for a 3rd party firm may be permitted by exception only.) - Due Diligence Vendor-05/02/2025 |
Ready for Review-Document Uploaded. Request and approval - Seller-05/14/2025 |
Waived-Client provided a waiver for use of PTIN, applied to non material finding with comp factors - Due Diligence Vendor-05/15/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min 660, actual 699 Months Reserves exceed minimum required - 0 required, 1.8 months LTV is less than guideline maximum - Max 70%, actual 58.99% Qualifying DTI below maximum allowed - Max 50%, actual 44.64% |
LTV: 60%<70% max allowed; DTI 45%<50% max allowed. | XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | Investor Post-Close | No | 4032442 |
| XXXXX | XXXXX | 9146937 | D | B | D | B | A | A | A | A | Closed | FCRE7009 | 2025-05-02 15:55 | 2025-05-07 13:01 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Received RCE-sufficient coverage provided. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. replacement cost - Buyer-05/06/2025 Open-Insufficient Coverage Amount for Insured Subject Property. Coverage is insufficient - Due Diligence Vendor-05/02/2025 |
Resolved-Received RCE-sufficient coverage provided. - Due Diligence Vendor-05/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min 660, actual 699 Months Reserves exceed minimum required - 0 required, 1.8 months LTV is less than guideline maximum - Max 70%, actual 58.99% Qualifying DTI below maximum allowed - Max 50%, actual 44.64% |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4032346 | ||
| XXXXX | XXXXX | 9146937 | D | B | D | B | A | A | A | A | Closed | FCRE1148 | 2025-05-02 15:46 | 2025-05-07 12:59 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received revised prelim reflecting sufficient coverage. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. revised schedule a - Seller-05/06/2025 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). No other title report in loan file. Amount on title lower than loan amount - Due Diligence Vendor-05/02/2025 |
Ready for Review-Document Uploaded. revised schedule a - Seller-05/06/2025 |
Resolved-Received revised prelim reflecting sufficient coverage. - Due Diligence Vendor-05/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min 660, actual 699 Months Reserves exceed minimum required - 0 required, 1.8 months LTV is less than guideline maximum - Max 70%, actual 58.99% Qualifying DTI below maximum allowed - Max 50%, actual 44.64% |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4032174 | |
| XXXXX | 9165597 | D | A | D | A | A | A | A | A | Closed | FCRE1164 | 2025-05-05 07:26 | 2025-05-07 15:03 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Insurance Policy Missing | Resolved-Received flood insurance policy. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. Copy of the flood insurance has been provided, please clear condition. - Seller-05/06/2025 Open-Missing Flood Insurance Policy The flood policy was not identified in the file. The account is escrowed for flood insurance payments. - Due Diligence Vendor-05/05/2025 |
Ready for Review-Document Uploaded. Copy of the flood insurance has been provided, please clear condition. - Seller-05/06/2025 |
Resolved-Received flood insurance policy. - Due Diligence Vendor-05/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 620 score required, subject 763 LTV is less than guideline maximum - 80% allowed, 47% calculated. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4040534 | ||
| XXXXX | 9165597 | D | A | D | A | A | A | A | A | Closed | FCRE1510 | 2025-05-05 06:29 | 2025-05-07 15:01 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. Mortgage with the legal description attached has been provided, please clear condition. - Seller-05/06/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. the legal description was not identified in the file. - Due Diligence Vendor-05/05/2025 |
Ready for Review-Document Uploaded. Mortgage with the legal description attached has been provided, please clear condition. - Seller-05/06/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 620 score required, subject 763 LTV is less than guideline maximum - 80% allowed, 47% calculated. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4040231 | ||
| XXXXX | XXXXX | 9213160 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | 9165587 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| XXXXX | 9165598 | C | A | C | A | A | A | A | A | Closed | FCRE8701 | 2025-05-07 14:24 | 2025-05-19 14:36 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-Received confirmation sole member with no EIN. - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. Please see 1008 as requested, please clear condition. - Seller-05/16/2025 Counter-Please provide PDF for file confirming no EIN number and utilizing social security number in lieu. (comments on 1008 acceptable as well) - Due Diligence Vendor-05/12/2025 Ready for Review-Per operating agreement, XXXXX is a sole member LLC and borrower owns 100% of the LLC. Borrower provided SSN on executed W9. XXXXX confirms the borrower's use of SSN for sole member LLC. Please clear finding. - Seller-05/09/2025 Open-The Business Entity Formation Document is Missing Missing EIN doc - Due Diligence Vendor-05/07/2025 |
Ready for Review-Document Uploaded. Please see 1008 as requested, please clear condition. - Seller-05/16/2025 Ready for Review-Per operating agreement, XXXXX is a sole member LLC and borrower owns 100% of the LLC. Borrower provided SSN on executed W9. XXXXX confirms the borrower's use of SSN for sole member LLC. Please clear finding. - Seller-05/09/2025 |
Resolved-Received confirmation sole member with no EIN. - Due Diligence Vendor-05/19/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.001% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 620 / Borrower FICO 789 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4072833 | ||
| XXXXX | XXXXX | 9125150 | D | A | D | A | A | A | A | A | Closed | FCRE0070 | 2025-05-05 21:22 | 2025-07-03 09:53 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Upon further review, the approval was located in the loan file. - Due Diligence Vendor-07/01/2025 Ready for Review-Lender approval is located on page 253-254 of loan file delivered. Approval status states fully approved. - Seller-06/30/2025 Open-Missing Approval/Underwriting Summary Approval or 1008 is missing from the file - Due Diligence Vendor-05/06/2025 |
Ready for Review-Lender approval is located on page 253-254 of loan file delivered. Approval status states fully approved. - Seller-06/30/2025 |
Resolved-Upon further review, the approval was located in the loan file. - Due Diligence Vendor-07/01/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - 1.273 DSCR exceeds minimum. Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 22.53 months |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4051639 | ||
| XXXXX | XXXXX | 9125150 | D | A | D | A | A | A | A | A | Closed | FCRE5770 | 2025-05-05 21:09 | 2025-07-03 09:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Credit Report is Missing | Resolved-Credit report provided. - Due Diligence Vendor-07/01/2025 Counter-Borrower's Certification & Authorization provided, however the document is insufficient to confirm the borrowers SSN. - Due Diligence Vendor-07/01/2025 Ready for Review-Document Uploaded. Borrower cert with full social - Buyer-06/30/2025 Counter-Documentation received is insufficient-please provide confirmation of ss# considered on credit report. - Due Diligence Vendor-06/06/2025 Ready for Review-Document Uploaded. please see page 17/18 for the last four of the SSN. - Seller-06/04/2025 Counter-Received incomplete credit report-social security number is not reflecting on report received. - Due Diligence Vendor-05/12/2025 Ready for Review-Document Uploaded. Supporting docs - Seller-05/09/2025 Open-Borrower 1 Credit Report is Missing. the Credit Report is missing from the file - Due Diligence Vendor-05/06/2025 |
Ready for Review-Document Uploaded. please see page 17/18 for the last four of the SSN. - Seller-06/04/2025 Ready for Review-Document Uploaded. Supporting docs - Seller-05/09/2025 |
Resolved-Credit report provided. - Due Diligence Vendor-07/01/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - 1.273 DSCR exceeds minimum. Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 22.53 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4051596 | |
| XXXXX | XXXXX | 9125150 | D | A | D | A | A | A | A | A | Closed | FCRE1201 | 2025-05-05 21:10 | 2025-07-01 14:25 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Fraud report provided. Social matches credit report as well as date of birth. - Due Diligence Vendor-07/01/2025 Counter-Fraud report provided for the borrower which is not checked against the exclusionary list. Please provide a full Fraud report with all interested parties checked against the exclusionary list. - Due Diligence Vendor-07/01/2025 Ready for Review-Document Uploaded. See page 13 of background report - Seller-06/30/2025 Counter-Individual reports for the appraiser, settlement agent and Title Officer. Please provide a full fraud report with all interested parties and the borrower. - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-06/06/2025 Open-Missing Third Party Fraud Report The Fraud report is missing from the file - Due Diligence Vendor-05/06/2025 |
Ready for Review-Document Uploaded. See page 13 of background report - Seller-06/30/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-06/06/2025 |
Resolved-Fraud report provided. Social matches credit report as well as date of birth. - Due Diligence Vendor-07/01/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - 1.273 DSCR exceeds minimum. Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 22.53 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4051597 | |
| XXXXX | XXXXX | 9125150 | D | A | D | A | A | A | A | A | Closed | FCRE0109 | 2025-05-05 21:15 | 2025-07-01 11:34 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Upon further review, photo ID was located in the loan file. - Due Diligence Vendor-07/01/2025 Ready for Review-Unexpired passport card is located on page 222 of loan file delivered. Please review and advise. - Seller-06/30/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Patriot Act Identification Form is missing from the file - Due Diligence Vendor-05/06/2025 |
Ready for Review-Unexpired passport card is located on page 222 of loan file delivered. Please review and advise. - Seller-06/30/2025 |
Resolved-Upon further review, photo ID was located in the loan file. - Due Diligence Vendor-07/01/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - 1.273 DSCR exceeds minimum. Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 22.53 months |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4051612 | ||
| XXXXX | XXXXX | 9125150 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-05 21:15 | 2025-05-12 13:53 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-05/12/2025 Ready for Review-Document Uploaded. U/W model uploaded - Seller-05/09/2025 Open-The DSCR Calculation from lender is Missing. The DSCR calculation worksheet is missing - Due Diligence Vendor-05/06/2025 |
Ready for Review-Document Uploaded. U/W model uploaded - Seller-05/09/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-05/12/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - 1.273 DSCR exceeds minimum. Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 22.53 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4051611 | |
| XXXXX | XXXXX | 9125150 | D | A | D | A | A | A | A | A | Closed | FCRE1157 | 2025-05-05 21:07 | 2025-05-12 13:48 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Received hazard insurance policy. - Due Diligence Vendor-05/12/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/09/2025 Open-Missing Hazard Insurance Policy Hazard Insurance Policy is missing from the file - Due Diligence Vendor-05/06/2025 |
Resolved-Received hazard insurance policy. - Due Diligence Vendor-05/12/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - 1.273 DSCR exceeds minimum. Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 22.53 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4051591 | ||
| XXXXX | XXXXX | 9134581 | D | A | D | A | A | A | A | A | Closed | FCRE1148 | 2025-05-06 13:04 | 2025-05-22 12:42 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received update prelim confirming sufficient coverage. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/21/2025 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Both preliminary title reports in loan file do not reflect the loan amount - Due Diligence Vendor-05/06/2025 |
Resolved-Received update prelim confirming sufficient coverage. - Due Diligence Vendor-05/22/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 759 Months Reserves exceed minimum required - Min 3 months, actual 105.19 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4058690 | ||
| XXXXX | XXXXX | 9134581 | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2025-05-06 12:56 | 2025-05-22 12:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Received business purpose affidavit. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/21/2025 Open-The Business Purpose Affidavit Disclosure is Missing Missing. Cash out letter indicates used for business purpose. All loans require a borrower executed Business Purpose and Occupancy Affidavit. The borrower(s) must acknowledge that the loan is a business purpose loan by completing and signing the appropriate sections of the Borrower Certification of Business Purpose Affidavit - Due Diligence Vendor-05/06/2025 |
Resolved-Received business purpose affidavit. - Due Diligence Vendor-05/22/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 759 Months Reserves exceed minimum required - Min 3 months, actual 105.19 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4058514 | ||
| XXXXX | XXXXX | 9156973 | D | A | D | A | A | A | A | A | Closed | FCRE8702 | 2025-05-06 14:37 | 2025-05-19 12:34 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received certificate of formation. - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. Certificate of Formation filing attached - Seller-05/16/2025 Counter-Entity documents and good standing provided. Please provide the Articles of Incorporation - Due Diligence Vendor-05/14/2025 Ready for Review-Document Uploaded. Cert of Good Standing (XXXXX) attached. - Buyer-05/09/2025 Counter-Received Op Agreements and Member Cert-missing Articles of Incorp, Good Standing and EIN. - Due Diligence Vendor-05/08/2025 Ready for Review-Document Uploaded. Entity docs - Seller-05/07/2025 Open-The Business Entity Formation Document is incomplete When vesting in an entity, specifically an LLC, the guides require the following documentation, which is missing from the loan file: - Certificate of Good Standing - LLC Borrowing Certificate required when all members are not on the loan - Due Diligence Vendor-05/06/2025 |
Ready for Review-Document Uploaded. Certificate of Formation filing attached - Seller-05/16/2025 Ready for Review-Document Uploaded. Entity docs - Seller-05/07/2025 |
Resolved-Received certificate of formation. - Due Diligence Vendor-05/19/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 12.03 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 751 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4060370 | |
| XXXXX | XXXXX | 9156973 | D | A | D | A | A | A | A | A | Closed | FCRE8700 | 2025-05-07 07:21 | 2025-05-19 12:34 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Missing EIN Number for Business Entity | Resolved-Received EIN - Due Diligence Vendor-05/13/2025 Ready for Review-Document Uploaded. IRS EIN letter attached - Buyer-05/09/2025 |
Resolved-Received EIN - Due Diligence Vendor-05/13/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 12.03 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 751 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4066567 | ||
| XXXXX | XXXXX | 9156973 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-06 15:35 | 2025-05-08 12:27 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-05/08/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/07/2025 Open-The DSCR Calculation from lender is Missing. The DSCR Calculation worksheet is missing from the file - Due Diligence Vendor-05/06/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-05/08/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 12.03 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 751 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4061444 | ||
| XXXXX | XXXXX | 9130236 | D | A | A | A | A | A | D | A | Closed | FPRO1253 | 2025-05-08 07:41 | 2025-05-13 14:07 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Received secondary valuation. - Due Diligence Vendor-05/13/2025 Ready for Review-Document Uploaded. SSR is 2.5 - Buyer-05/12/2025 Open-Additional valuation product has not been provided. Missing acceptable secondary valuation product (the XXXXX SSR on file is not acceptable) - Due Diligence Vendor-05/08/2025 |
Resolved-Received secondary valuation. - Due Diligence Vendor-05/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 793 Months Reserves exceed minimum required - Min 3 months, actual 106.25 months LTV is less than guideline maximum - Max 75%, actual 68.75% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4079332 | ||
| XXXXX | XXXXX | 9162772 | C | A | C | A | A | A | A | A | Closed | FCRE0044 | 2025-05-08 08:17 | 2025-05-12 16:44 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-Received LOE. - Due Diligence Vendor-05/12/2025 Ready for Review-Document Uploaded. Please see attached - Buyer-05/08/2025 Open-LOX for credit inquiries is missing. Missing LOE for credit inquiries. - Due Diligence Vendor-05/08/2025 |
Resolved-Received LOE. - Due Diligence Vendor-05/12/2025 |
Qualifying DTI below maximum allowed - DTI is 12.12% and max allowed is 50% LTV is less than guideline maximum - LTV is 52.95% and max LTV is 85% |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4079540 | ||
| XXXXX | XXXXX | 9130218 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-08 09:22 | 2025-05-12 11:44 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR calc provided. - Due Diligence Vendor-05/12/2025 Ready for Review-Document Uploaded. UW CTC'd this loan with the same PITIA as the DSCR worksheet provided, which is much lower than clarifi calculated DSCR ratio --can this condition be waived - Buyer-05/12/2025 Counter-Provide corrected DSCR-re taxes and HOI monthly figures differ on DSCR worksheet received. - Due Diligence Vendor-05/09/2025 Ready for Review-Document Uploaded. Supporting docs - Buyer-05/08/2025 Open-The DSCR Calculation from lender is Missing. Missing DSCR Calculation Sheet. - Due Diligence Vendor-05/08/2025 |
Resolved-DSCR calc provided. - Due Diligence Vendor-05/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 723; guideline minimum is 700. Months Reserves exceed minimum required - The Borrower has 24.37 months in reserves. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4080146 | ||
| XXXXX | XXXXX | 9130218 | D | A | D | A | A | A | A | A | Closed | FCOM1221 | 2025-05-08 09:34 | 2025-05-09 12:02 | Resolved | 1 - Information | C | A | Credit | Closing | The Deed of Trust is Incomplete | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/09/2025 Ready for Review-Document Uploaded. MORTGAGE WITH LEGAL - Buyer-05/08/2025 Open-The Deed of Trust is Incomplete Missing Legal Description for the Subject Property. - Due Diligence Vendor-05/08/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 723; guideline minimum is 700. Months Reserves exceed minimum required - The Borrower has 24.37 months in reserves. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4080311 | ||
| XXXXX | 9165706 | D | A | D | A | A | A | D | A | Closed | FCRE1440 | 2025-05-14 12:33 | 2025-06-02 15:25 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received credit supplement showing mortgages paid current - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. credit supp shows the three mortgages paid. - Seller-05/28/2025 Counter-Documentation is insufficient-original finding remains. Confirm mortgages associated to properties-and proof paid current required. - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. Please find attached, XXXXX owns XXXXX (XXXXX are attached to this REO) XXXXX owns 2 properties XXXXX (XXXXX are attached to this REO) XXXXX (XXXXX is attached to the REO) - Seller-05/23/2025 Counter-Documentation is insufficient-original finding remains. Confirm mortgages associated to properties-and proof paid current required. - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. updated 1003 and reo - Seller-05/20/2025 Open-Housing History Does Not Meet Guideline Requirements The applications are incomplete and do not reflect the 7 mortgages reflecting on the borrower's credit report. Additionally the trades are not reporting up to date and a credit supplement or proof of payments up to the note date for the reporting mortgages would be required. - Due Diligence Vendor-05/14/2025 |
Ready for Review-Document Uploaded. credit supp shows the three mortgages paid. - Seller-05/28/2025 Ready for Review-Document Uploaded. Please find attached, XXXXX owns XXXXX(XXXXX are attached to this REO) XXXXX owns 2 properties XXXXX (XXXXX are attached to this REO) XXXXX (XXXXX is attached to the REO) - Seller-05/23/2025 Ready for Review-Document Uploaded. updated 1003 and reo - Seller-05/20/2025 |
Resolved-Received credit supplement showing mortgages paid current - Due Diligence Vendor-06/02/2025 |
Months Reserves exceed minimum required - 6 months required, subject 26 Qualifying FICO score is at least 20 points above minimum for program - 700 required, subject 759 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4140073 | ||
| XXXXX | 9165706 | D | A | D | A | A | A | D | A | Closed | FCRE1202 | 2025-05-14 12:48 | 2025-05-30 16:23 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Received LOE. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. Please find the letter for review. - Seller-05/28/2025 Counter-Fraud report reflects the following possible undisclosed properties: XXXXX. Provide supporting documentation confirming borrowers no longer own. - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. XXXXX owns XXXXX (XXXXX are attached to this REO) XXXXX owns 2 properties XXXXX (XXXXX are attached to this REO) XXXXX (XXXXX is attached to the REO) There are no other properties owned. - Seller-05/23/2025 Counter-Received Fraud Report-several possible undisclosed properties noted-missing supporting documentation confirming borrowers no longer own. - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. fraud report for review. - Seller-05/16/2025 Open-Third Party Fraud Report Partially Provided The Fraud report for the borrower was not identified in the file. The fraud report for the co-borrower was in the file. - Due Diligence Vendor-05/14/2025 |
Ready for Review-Document Uploaded. Please find the letter for review. - Seller-05/28/2025 Ready for Review-Document Uploaded. XXXXX owns XXXXX(XXXXX are attached to this REO) XXXXX owns 2 properties XXXXX (XXXXX are attached to this REO) XXXXX (XXXXX is attached to the REO) There are no other properties owned. - Seller-05/23/2025 Ready for Review-Document Uploaded. fraud report for review. - Seller-05/16/2025 |
Resolved-Received LOE. - Due Diligence Vendor-05/30/2025 |
Months Reserves exceed minimum required - 6 months required, subject 26 Qualifying FICO score is at least 20 points above minimum for program - 700 required, subject 759 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4140261 | ||
| XXXXX | 9165706 | D | A | D | A | A | A | D | A | Closed | FCRE8887 | 2025-05-21 08:38 | 2025-05-27 12:59 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-Received executed 1003 - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. final 1003 - Seller-05/23/2025 Counter-1003s received are not executed. - Due Diligence Vendor-05/21/2025 Open-Finding originally opened as a compliance finding. - Due Diligence Vendor-05/21/2025 |
Ready for Review-Document Uploaded. final 1003 - Seller-05/23/2025 |
Resolved-Received executed 1003 - Due Diligence Vendor-05/27/2025 |
Months Reserves exceed minimum required - 6 months required, subject 26 Qualifying FICO score is at least 20 points above minimum for program - 700 required, subject 759 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4201971 | ||
| XXXXX | 9165706 | D | A | D | A | A | A | D | A | Closed | FCRE8013 | 2025-05-14 11:32 | 2025-05-20 14:06 | Resolved | 1 - Information | C | A | Credit | Eligibility | Purchase Contract Issue | Resolved-Receive purchase contract. - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. PC for review - Seller-05/16/2025 Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Only one page of the purchase contract was identified in the file. - Due Diligence Vendor-05/14/2025 |
Ready for Review-Document Uploaded. PC for review - Seller-05/16/2025 |
Resolved-Receive purchase contract. - Due Diligence Vendor-05/20/2025 |
Months Reserves exceed minimum required - 6 months required, subject 26 Qualifying FICO score is at least 20 points above minimum for program - 700 required, subject 759 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4139268 | ||
| XXXXX | 9165706 | D | A | D | A | A | A | D | A | Closed | FPRO1253 | 2025-05-14 11:32 | 2025-05-20 14:06 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Received desk review. - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. DVR please clear - Seller-05/16/2025 Open-Additional valuation product has not been provided. The second valuation product was not identified in the file. A CU with a 2.8 score was present but cannot be used due to the score being over 2.5. - Due Diligence Vendor-05/14/2025 |
Ready for Review-Document Uploaded. DVR please clear - Seller-05/16/2025 |
Resolved-Received desk review. - Due Diligence Vendor-05/20/2025 |
Months Reserves exceed minimum required - 6 months required, subject 26 Qualifying FICO score is at least 20 points above minimum for program - 700 required, subject 759 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4139269 | ||
| XXXXX | 9165706 | D | A | D | A | A | A | D | A | Closed | FCRE1164 | 2025-05-14 12:04 | 2025-05-20 14:01 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Insurance Policy Missing | Resolved-Received flood insurance. - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. flood ins, please clear - Seller-05/16/2025 Open-Missing Flood Insurance Policy The flood insurance policy was not identified in the file. The Initial Escrow Account Disclosure shows an amount being deducted for flood insurance. - Due Diligence Vendor-05/14/2025 |
Ready for Review-Document Uploaded. flood ins, please clear - Seller-05/16/2025 |
Resolved-Received flood insurance. - Due Diligence Vendor-05/20/2025 |
Months Reserves exceed minimum required - 6 months required, subject 26 Qualifying FICO score is at least 20 points above minimum for program - 700 required, subject 759 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4139750 | ||
| XXXXX | 9165706 | D | A | D | A | A | A | D | A | Closed | FCRE6618 | 2025-05-14 13:22 | 2025-05-20 13:58 | Resolved | 1 - Information | C | A | Credit | Borrower | Borrower information on 1003 is incomplete | Resolved-Received corrected 1003 and reo documentation. - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. 1003 and reo - Seller-05/20/2025 Open-The applications for the borrower and coborrower show no employment or income. An updated application with this information is required. Additionally the borrowers property and REO information is incomplete. The borrower lists 5 properties on the application but 7 mortgage appear on the credit report. Additionally the file does not contain tax and insurance verification for all the real estate properties the borrower owns. Additional conditions may apply, - Due Diligence Vendor-05/14/2025 |
Ready for Review-Document Uploaded. 1003 and reo - Seller-05/20/2025 |
Resolved-Received corrected 1003 and reo documentation. - Due Diligence Vendor-05/20/2025 |
Months Reserves exceed minimum required - 6 months required, subject 26 Qualifying FICO score is at least 20 points above minimum for program - 700 required, subject 759 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4140640 | ||
| XXXXX | 9165706 | D | A | D | A | A | A | D | A | Closed | FCRE0044 | 2025-05-14 13:05 | 2025-05-20 13:32 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-Received credit inquiry LOE. - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. LOX for inq, noted on bottom. - Seller-05/16/2025 Open-LOX for credit inquiries is missing. No letter of explanation for the inquiries was identified in the file - Due Diligence Vendor-05/14/2025 |
Ready for Review-Document Uploaded. LOX for inq, noted on bottom. - Seller-05/16/2025 |
Resolved-Received credit inquiry LOE. - Due Diligence Vendor-05/20/2025 |
Months Reserves exceed minimum required - 6 months required, subject 26 Qualifying FICO score is at least 20 points above minimum for program - 700 required, subject 759 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4140426 | ||
| XXXXX | XXXXX | 9130200 | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2025-05-12 10:56 | 2025-05-12 10:58 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Client exception granted to allow 70% LTV no 5% reduction for vacant property, Non-material waiver applied with comp factors. non-material max cash out 75% LTV - Due Diligence Vendor-05/12/2025 Open-Audited LTV of 70% exceeds Guideline LTV of 65% Per exception in the file, 5% reduction due to the property being vacant. - Due Diligence Vendor-05/12/2025 |
Waived-Client exception granted to allow 70% LTV no 5% reduction for vacant property, Non-material waiver applied with comp factors. non-material max cash out 75% LTV - Due Diligence Vendor-05/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying rate is 794 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 115.01 months |
Borrower FICO - Reserves | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4113261 | ||
| XXXXX | XXXXX | 9146971 | D | A | D | A | A | A | D | A | Closed | FCRE1194 | 2025-05-13 08:29 | 2025-06-02 10:27 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Utilizing the lease amount the DSCR is .999, which is rounded to 1.0 - Due Diligence Vendor-05/29/2025 Open-Audited LTV of 80% exceeds Guideline LTV of 75% DSCR < 1 - Due Diligence Vendor-05/13/2025 |
Resolved-Utilizing the lease amount the DSCR is .999, which is rounded to 1.0 - Due Diligence Vendor-05/29/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 815 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 22 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4124772 | ||
| XXXXX | XXXXX | 9146971 | D | A | D | A | A | A | D | A | Closed | FCRE0043 | 2025-05-09 22:24 | 2025-05-21 12:56 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/20/2025 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-05/10/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-05/21/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 815 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 22 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4103085 | ||
| XXXXX | XXXXX | 9146971 | D | A | D | A | A | A | D | A | Closed | FPRO1253 | 2025-05-09 22:06 | 2025-05-21 12:54 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Received acceptable secondary valuation. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/20/2025 Open-Additional valuation product has not been provided. - Due Diligence Vendor-05/10/2025 |
Resolved-Received acceptable secondary valuation. - Due Diligence Vendor-05/21/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 815 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 22 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4102943 | ||
| XXXXX | XXXXX | 9213163 | D | A | A | A | A | A | D | A | Closed | FPRO1253 | 2025-05-13 14:55 | 2025-05-14 09:48 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-XXXXX CU provide with a score of 1. - Due Diligence Vendor-05/14/2025 Open-Secondary Valuation or Additional Valuation has not been entered per securitization requirements. An appraisal approved review product is required on every loan file. - Due Diligence Vendor-05/13/2025 |
Resolved-XXXXX CU provide with a score of 1. - Due Diligence Vendor-05/14/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score is 757 and minimum allowed is 700 LTV is less than guideline maximum - LTV is 40.24% and max allowed is 75% Qualifying DTI below maximum allowed - DTI is 3.25% and max allowed is 50% |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4130801 | |||
| XXXXX | XXXXX | 9213157 | C | A | C | A | A | A | A | A | Closed | FCRE1148 | 2025-05-13 07:59 | 2025-05-14 09:44 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Letter from title company provided confirming correct loan amount, p. 110. - Due Diligence Vendor-05/14/2025 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Prelim Title without coverage amount. - Due Diligence Vendor-05/13/2025 |
Resolved-Letter from title company provided confirming correct loan amount, p. 110. - Due Diligence Vendor-05/14/2025 |
LTV is less than guideline maximum - Max 80%, actual 40.83% Months Reserves exceed minimum required - Min 3,l actual 103 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4124502 | |||
| XXXXX | XXXXX | 9213153 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9213165 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | 9165621 | C | A | C | A | A | A | A | A | Closed | FCRE1492 | 2025-05-12 10:37 | 2025-05-16 12:48 | Resolved | 1 - Information | C | A | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Resolved-Received acceptable cash out purpose letter. - Due Diligence Vendor-05/16/2025 Ready for Review-Document Uploaded. LOE cash out letter has been provided, please clear condition. - Seller-05/15/2025 Open-Cash Out Does Not Meet Guideline Requirements A cash out letter identifying the reason for the cash out was not identified in the file. - Due Diligence Vendor-05/12/2025 |
Ready for Review-Document Uploaded. LOE cash out letter has been provided, please clear condition. - Seller-05/15/2025 |
Resolved-Received acceptable cash out purpose letter. - Due Diligence Vendor-05/16/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 620 required, 751 verified. LTV is less than guideline maximum - 70% allowed, subject 58%. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4112830 | ||
| XXXXX | 9165619 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| XXXXX | XXXXX | 9156961 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-12 12:27 | 2025-05-19 12:31 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received correct DSCR calculation. - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/16/2025 Open-The DSCR Calculation from lender is Missing. DSCR calculation provided (992) is incorrect, the DSCR memo (p2) has the correct DSCR but a calculation is not provided. - Due Diligence Vendor-05/12/2025 |
Resolved-Received correct DSCR calculation. - Due Diligence Vendor-05/19/2025 |
Months Reserves exceed minimum required - 102 months reserves documented, 3 months required DSCR % greater than 1.20 - 1.31 DSCR |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4115215 | ||
| XXXXX | XXXXX | 9156961 | D | A | D | A | A | A | A | A | Closed | FCOM1221 | 2025-05-12 11:49 | 2025-05-19 12:30 | Resolved | 1 - Information | C | A | Credit | Closing | The Deed of Trust is Incomplete | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. Legal Description - Buyer-05/16/2025 Open-The Deed of Trust is Incomplete Missing exhibit A-legal description - Due Diligence Vendor-05/12/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/19/2025 |
Months Reserves exceed minimum required - 102 months reserves documented, 3 months required DSCR % greater than 1.20 - 1.31 DSCR |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4114713 | ||
| XXXXX | XXXXX | 9146933 | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2025-05-13 16:25 | 2025-05-15 12:25 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received primary mortgage statement to show current - Due Diligence Vendor-05/15/2025 Ready for Review-Document Uploaded. Supporting Docs Uploaded - Buyer-05/14/2025 Open-Housing History Does Not Meet Guideline Requirements Missing documentation which evidences primary housing payment was paid current at time of closing. Credit Report dated 02.14.25 and loan closed XXXXX. 7 Mortgages on credit report; however, corresponding information is not represented on loan application, auditor is unable to correlate borrower's primary mortgage obligations. - Due Diligence Vendor-05/13/2025 |
Resolved-Received primary mortgage statement to show current - Due Diligence Vendor-05/15/2025 |
Months Reserves exceed minimum required - Reserves: 74 Min 12 DSCR % greater than 1.20 - DSCR: 1.508 Min 1 Qualifying FICO score is at least 20 points above minimum for program - FICO: 762 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4132076 | ||
| XXXXX | XXXXX | 9146933 | C | B | C | B | A | A | A | A | Closed | FCRE6618 | 2025-05-13 16:26 | 2025-05-15 12:22 | Waived | 2 - Non-Material | C | B | Credit | Borrower | Borrower information on 1003 is incomplete | Waived-Based on additional documentation in file, finding is deemed non-material. Client waiver applied to non-material Findings - Due Diligence Vendor-05/15/2025 Open-Loan application is incomplete in that credit report reflects 7 open mortgages, none of which are listed on the loan application Schedule of Real Estate Owned with their respective property addresses. Required per guidelines on DSCR transactions. - Due Diligence Vendor-05/13/2025 |
Waived-Based on additional documentation in file, finding is deemed non-material. Client waiver applied to non-material Findings - Due Diligence Vendor-05/15/2025 |
Months Reserves exceed minimum required - Reserves: 74 Min 12 DSCR % greater than 1.20 - DSCR: 1.508 Min 1 Qualifying FICO score is at least 20 points above minimum for program - FICO: 762 Min 700 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4132093 | |||
| XXXXX | XXXXX | 9162630 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9162632 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | 9165627 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | |||||||||||||||||||
| XXXXX | 9165629 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| XXXXX | XXXXX | 9146960 | C | A | C | A | A | A | A | A | Closed | FCRE0109 | 2025-05-13 12:55 | 2025-05-19 13:25 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Upon further review, the borrowers ID was located in the loan file. - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-05/15/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Missing Patriot Act Discl - Due Diligence Vendor-05/14/2025 |
Resolved-Upon further review, the borrowers ID was located in the loan file. - Due Diligence Vendor-05/19/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 764; minimum required 700. Months Reserves exceed minimum required - 55 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4128976 | ||
| XXXXX | XXXXX | 9213156 | D | B | D | B | C | A | A | A | Closed | FCRE1316 | 2025-05-14 14:51 | 2025-07-31 09:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-After further review, per guidelines, a business bank statement dated within 90 days of the Note date which is included in the file, is an acceptable form of self-employment (1099) current status/verification, a verbal VOE is not required. - Due Diligence Vendor-07/31/2025 Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing lender's verbal verification of employment for B1. - Due Diligence Vendor-05/14/2025 |
Resolved-After further review, per guidelines, a business bank statement dated within 90 days of the Note date which is included in the file, is an acceptable form of self-employment (1099) current status/verification, a verbal VOE is not required. - Due Diligence Vendor-07/31/2025 |
Residual Income =/> 1.5 times $3,500 monthly residual income - Excess Resid Inc avail (+13k), guides require a minimum of $2,500. Months Reserves exceed minimum required - 13 mths reserves; 3 mths required. |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4141973 | |||
| XXXXX | XXXXX | 9213156 | D | B | D | B | C | A | A | A | Closed | FCOM1978 | 2025-05-12 16:13 | 2025-05-16 14:42 | Resolved | 1 - Information | C | A | Compliance | TRID | Missing Intent to Proceed | Resolved-Rec'd Intent to Proceed. Finding resolved. - Due Diligence Vendor-05/16/2025 Ready for Review-Document Uploaded. Please see attached. - Buyer-05/16/2025 Open-There are fees on the final CD that are POC and borrower's signed intent to proceed is missing from file. - Due Diligence Vendor-05/12/2025 |
Resolved-Rec'd Intent to Proceed. Finding resolved. - Due Diligence Vendor-05/16/2025 |
Residual Income =/> 1.5 times $3,500 monthly residual income - Excess Resid Inc avail (+13k), guides require a minimum of $2,500. Months Reserves exceed minimum required - 13 mths reserves; 3 mths required. |
XXXXX | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4119588 | ||
| XXXXX | XXXXX | 9213156 | D | B | D | B | C | A | A | A | Closed | FCRE1278 | 2025-05-15 09:44 | 2025-05-15 09:52 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Escrow waiver guidelines were not met | Waived-Client exception to allow escrow waiver. Non-material waiver applied to finding with compensating factors. (Final CD shows escrows) - Due Diligence Vendor-05/15/2025 Open-Lender Exception: "Allow escrow waiver with a 646 FICO" - Due Diligence Vendor-05/15/2025 |
Waived-Client exception to allow escrow waiver. Non-material waiver applied to finding with compensating factors. (Final CD shows escrows) - Due Diligence Vendor-05/15/2025 |
Residual Income =/> 1.5 times $3,500 monthly residual income - Excess Resid Inc avail (+13k), guides require a minimum of $2,500. Months Reserves exceed minimum required - 13 mths reserves; 3 mths required. |
Residual Income Reserves Mortgage History 0x30x41 |
QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4149205 | ||
| XXXXX | XXXXX | 9156953 | D | A | D | A | A | A | A | A | Closed | FCRE1510 | 2025-05-21 08:43 | 2025-06-02 11:43 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received recording info. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. recorded mort for 1806 - Seller-05/28/2025 Open-Missing evidence of Mortgage recording. - Due Diligence Vendor-05/21/2025 |
Ready for Review-Document Uploaded. recorded mort for 1806 - Seller-05/28/2025 |
Resolved-Received recording info. - Due Diligence Vendor-05/29/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 768 Min 700 Months Reserves exceed minimum required - Reserves: 288 Min 3 (165 months from own funds) LTV is less than guideline maximum - LTV: 62.46% Max 75% DSCR % greater than 1.20 - DSCR: 1.353 Min 1 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4202017 | |
| XXXXX | XXXXX | 9156953 | D | A | D | A | A | A | A | A | Closed | FCRE7000 | 2025-05-14 11:43 | 2025-05-29 16:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Required forms/disclosures missing | Resolved-After further review, the initial escrow disclosure is not required on DSCR loans. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-05/29/2025 Open-Missing Initial Escrow Disclosure; settlement statement reflects escrows/impounds taken at closing. - Due Diligence Vendor-05/14/2025 |
Resolved-After further review, the initial escrow disclosure is not required on DSCR loans. - Due Diligence Vendor-05/29/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 768 Min 700 Months Reserves exceed minimum required - Reserves: 288 Min 3 (165 months from own funds) LTV is less than guideline maximum - LTV: 62.46% Max 75% DSCR % greater than 1.20 - DSCR: 1.353 Min 1 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4139493 | ||
| XXXXX | XXXXX | 9156953 | D | A | D | A | A | A | A | A | Closed | FCRE0070 | 2025-05-14 11:49 | 2025-05-23 12:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Received Approval/Underwriting Summary - Due Diligence Vendor-05/23/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-05/21/2025 Open-Missing Approval/Underwriting Summary Missing Underwriting Transmittal Summary form 1008 - Due Diligence Vendor-05/14/2025 |
Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-05/21/2025 |
Resolved-Received Approval/Underwriting Summary - Due Diligence Vendor-05/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 768 Min 700 Months Reserves exceed minimum required - Reserves: 288 Min 3 (165 months from own funds) LTV is less than guideline maximum - LTV: 62.46% Max 75% DSCR % greater than 1.20 - DSCR: 1.353 Min 1 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4139582 | |
| XXXXX | XXXXX | 9156953 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-14 11:45 | 2025-05-19 13:12 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR Calculation. - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. DSCR Calculation Uploaded - Seller-05/15/2025 Open-The DSCR Calculation from lender is Missing. Missing lender's DSCR Calculation Worksheet or 1008 showing calculation. - Due Diligence Vendor-05/14/2025 |
Ready for Review-Document Uploaded. DSCR Calculation Uploaded - Seller-05/15/2025 |
Resolved-Received DSCR Calculation. - Due Diligence Vendor-05/19/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 768 Min 700 Months Reserves exceed minimum required - Reserves: 288 Min 3 (165 months from own funds) LTV is less than guideline maximum - LTV: 62.46% Max 75% DSCR % greater than 1.20 - DSCR: 1.353 Min 1 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4139544 | |
| XXXXX | XXXXX | 9156953 | D | A | D | A | A | A | A | A | Closed | FCRE2393 | 2025-05-12 15:15 | 2025-05-19 13:10 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing an established escrow impound account for taxes and insurance. | Resolved-Upon further review, IEAD is not required for DSCR loans. - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-05/15/2025 Open-missing IEAD - Due Diligence Vendor-05/12/2025 |
Resolved-Upon further review, IEAD is not required for DSCR loans. - Due Diligence Vendor-05/19/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 768 Min 700 Months Reserves exceed minimum required - Reserves: 288 Min 3 (165 months from own funds) LTV is less than guideline maximum - LTV: 62.46% Max 75% DSCR % greater than 1.20 - DSCR: 1.353 Min 1 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4118577 | ||
| XXXXX | XXXXX | 9162631 | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2025-05-14 13:01 | 2025-05-19 15:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Gap credit provided dated within 10 days of closig. - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. Please see attached - Buyer-05/15/2025 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-05/14/2025 |
Resolved-Gap credit provided dated within 10 days of closig. - Due Diligence Vendor-05/19/2025 |
On time mortgage history exceeds guideline requirement - 0x30 on time mortgage housing payment histories. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 748; minimum score 680. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4140393 | ||
| XXXXX | XXXXX | 9162631 | D | A | D | A | A | A | A | A | Closed | FCRE1159 | 2025-05-14 12:25 | 2025-05-19 15:45 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-The loan disbursed on XXXXX per the final CD. - Due Diligence Vendor-05/19/2025 Ready for Review-Loan funded XXXXX. Please review and clear the condition as the effective date of the hazard is same funded dateXXXXX, to confirm the PCCD page 22 on the legal , the disbursement date showing XXXXX - Buyer-05/15/2025 Open-Hazard Insurance Effective Date of XXXXX is after the Note Date of XXXXX- Due Diligence Vendor-05/14/2025 |
Resolved-The loan disbursed on XXXXX per the final CD. - Due Diligence Vendor-05/19/2025 |
On time mortgage history exceeds guideline requirement - 0x30 on time mortgage housing payment histories. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 748; minimum score 680. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4139967 | |||
| XXXXX | XXXXX | 9162631 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2025-05-14 13:10 | 2025-05-19 15:43 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Confirmation of no HOA fees provided. - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. Please see attached XXXXX search , non of them has HOA fees - Buyer-05/15/2025 Open-Missing verification of HOA on all properties disclosed on REO. - Due Diligence Vendor-05/14/2025 |
Resolved-Confirmation of no HOA fees provided. - Due Diligence Vendor-05/19/2025 |
On time mortgage history exceeds guideline requirement - 0x30 on time mortgage housing payment histories. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 748; minimum score 680. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4140486 | ||
| XXXXX | XXXXX | 9134560 | C | A | C | A | A | A | A | A | Closed | FCRE0104 | 2025-05-14 12:52 | 2025-06-03 09:20 | Resolved | 1 - Information | C | A | Credit | Eligibility | Prepayment Penalty is not allowed | Resolved-Received corrected PPP addendum to Note. - Due Diligence Vendor-06/03/2025 Ready for Review-Document Uploaded. corrected PPP addendum to the note - Buyer-06/02/2025 Open-Prepayment Penalty is not allowed. XXXXX allows a Flat Prepay Structure for 3 years at 1% of the amount of the amount prepaid. Prepay addendum in loan file confirms 5%, 4%, 3%. - Due Diligence Vendor-05/15/2025 |
Resolved-Received corrected PPP addendum to Note. - Due Diligence Vendor-06/03/2025 |
DSCR % greater than 1.20 - DSCR = 2.322 Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 722 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4140312 | ||
| XXXXX | XXXXX | 9134560 | C | A | C | A | A | A | A | A | Closed | FCRE2244 | 2025-05-14 13:16 | 2025-05-27 11:26 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property Does Not Meet Guidelines (credit) | Resolved-Received updated appraisal. Appraiser states all four units have stove hookups. - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. addendum provided stated that all units meet XXXXX guidelines on requirements for a kitchen - Buyer-05/22/2025 Open-Property Issues are identified for the property Unit 1 has a tiny fridge and no stove, Unit 3 no stove or fridge (hot plate on dishwasher) and Unit 4 no stove or fridge. - Due Diligence Vendor-05/14/2025 |
Resolved-Received updated appraisal. Appraiser states all four units have stove hookups. - Due Diligence Vendor-05/27/2025 |
DSCR % greater than 1.20 - DSCR = 2.322 Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 722 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4140559 | ||
| XXXXX | XXXXX | 9134560 | C | A | C | A | A | A | A | A | Closed | FCRE1198 | 2025-05-14 13:37 | 2025-05-21 11:26 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Assets provided. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. Supporting docs - Buyer-05/21/2025 Open-Audited Reserves of 0.22 month(s) are less than Guideline Required Reserves of 3 month(s) 3 months reserves required, no assets in loan file to verify sufficient reserves. Cash back to borrower does not meet reserve requirements. - Due Diligence Vendor-05/14/2025 |
Resolved-Assets provided. - Due Diligence Vendor-05/21/2025 |
DSCR % greater than 1.20 - DSCR = 2.322 Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 722 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4140830 | ||
| XXXXX | 9165641 | D | A | A | A | A | A | D | A | Closed | FPRO1253 | 2025-05-15 12:01 | 2025-05-22 14:15 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Received acceptable secondary valuation. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. please find the DVR for review. - Seller-05/21/2025 Open-Additional valuation product has not been provided. There is no valid additional valuation product identified in the file. There is a CU in the file but it doesn't have a valid score. - Due Diligence Vendor-05/15/2025 |
Ready for Review-Document Uploaded. please find the DVR for review. - Seller-05/21/2025 |
Resolved-Received acceptable secondary valuation. - Due Diligence Vendor-05/22/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 720 required, subject 760 LTV is less than guideline maximum - 80% allowed, subject 70%. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4151544 | ||
| XXXXX | 9165639 | D | B | D | B | A | A | A | A | Closed | FCRE8013 | 2025-05-16 10:23 | 2025-05-28 17:02 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Purchase Contract Issue | Waived-Originator waiver applied to non material finding with comp factors - Due Diligence Vendor-05/28/2025 Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Missing Seller's Counter Offer as noted on Line 607 and addendum(s) adding Seller Credit for $15k and Realtor Credit from XXXXXl for $4,125. Both credits are reflected on the final Settlement Statement. - Due Diligence Vendor-05/16/2025 |
Waived-Originator waiver applied to non material finding with comp factors - Due Diligence Vendor-05/28/2025 |
LTV is less than guideline maximum - Qualifying LTV 75%; max 80% Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 723; minimum required 680 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Originator Post-Close | No | 4163048 | ||||
| XXXXX | 9165639 | D | B | D | B | A | A | A | A | Closed | FCRE1440 | 2025-05-16 10:45 | 2025-05-28 15:43 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received confirmation of lien on primary residence. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. See email confirmation by lender as advising the loan is for the primary residence. Please clear condition. - Seller-05/27/2025 Open-Housing History Does Not Meet Guideline Requirements Missing evidence borrower owns their current primary free and clear or must meet primary home housing requirements. It appears the commercial Loan with XXXXX lien could be tied to the primary residence however lender would need to provide solid evidence to confirm this. Neither Fraud or the mortgage statements show the property. Additional findings may apply. - Due Diligence Vendor-05/16/2025 |
Ready for Review-Document Uploaded. See email confirmation by lender as advising the loan is for the primary residence. Please clear condition. - Seller-05/27/2025 |
Resolved-Received confirmation of lien on primary residence. - Due Diligence Vendor-05/28/2025 |
LTV is less than guideline maximum - Qualifying LTV 75%; max 80% Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 723; minimum required 680 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4163324 | ||
| XXXXX | 9165639 | D | B | D | B | A | A | A | A | Closed | FCRE7011 | 2025-05-16 10:29 | 2025-05-28 15:41 | Resolved | 1 - Information | C | A | Credit | Insurance | Rent Loss Coverage is Insufficient or Missing | Resolved-Received confirmation of acceptable rent loss coverage. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. See email from Insurance Agent regarding the Fair Rental Value, please clear condition. - Seller-05/27/2025 Open-Rent Loss Coverage is Insufficient or Missing. Missing evidence of level of Rent Loss Insurance included with insurance policy. Says "See Policy" however actual policy not provided, unable to determine if coverage is active and sufficient. - Due Diligence Vendor-05/16/2025 |
Ready for Review-Document Uploaded. See email from Insurance Agent regarding the Fair Rental Value, please clear condition. - Seller-05/27/2025 |
Resolved-Received confirmation of acceptable rent loss coverage. - Due Diligence Vendor-05/28/2025 |
LTV is less than guideline maximum - Qualifying LTV 75%; max 80% Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 723; minimum required 680 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4163109 | ||
| XXXXX | 9165639 | D | B | D | B | A | A | A | A | Closed | FCRE1467 | 2025-05-16 11:06 | 2025-05-21 13:57 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Asset 1 Missing | Resolved-Received statements. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. Copy of the XXXXX statements for account ending in XXXXX have been provided along with the wire sent at closing. Please condition. - Seller-05/20/2025 Open-Asset 1 Missing Missing complete 30 day history for account whose last four digits are XXXXX and were wired to title for $170k. Letter from XXXXX is not a standard bank statement or VOD as required per guides and does not provide for a 60-day average nor confirms if the borrower has held the asset for at least 60-days. Additional findings may apply. - Due Diligence Vendor-05/16/2025 |
Ready for Review-Document Uploaded. Copy of the XXXXX statements for account ending in XXXXX have been provided along with the wire sent at closing. Please condition. - Seller-05/20/2025 |
Resolved-Received statements. - Due Diligence Vendor-05/21/2025 |
LTV is less than guideline maximum - Qualifying LTV 75%; max 80% Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 723; minimum required 680 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4163628 | ||
| XXXXX | XXXXX | 9134574 | D | A | D | A | A | A | A | A | Closed | FCRE0070 | 2025-05-15 09:46 | 2025-05-28 12:05 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Approval/Underwriting Summary was provided. - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. supporting docs - Seller-05/16/2025 Open-Missing Approval/Underwriting Summary Missing 1008 - Due Diligence Vendor-05/15/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-05/16/2025 |
Resolved-Approval/Underwriting Summary was provided. - Due Diligence Vendor-05/19/2025 |
Months Reserves exceed minimum required - 86 months reserves documented, 3 months required Qualifying FICO score is at least 20 points above minimum for program - 730 FICO, 700 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4149229 | |
| XXXXX | XXXXX | 9134574 | D | A | D | A | A | A | A | A | Closed | FCRE1151 | 2025-05-15 09:22 | 2025-05-22 17:10 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-24 month chain of title provided. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/20/2025 Open-Unsatisfactory Chain of Title provided. 24-month chain of title is required - Due Diligence Vendor-05/15/2025 |
Resolved-24 month chain of title provided. - Due Diligence Vendor-05/22/2025 |
Months Reserves exceed minimum required - 86 months reserves documented, 3 months required Qualifying FICO score is at least 20 points above minimum for program - 730 FICO, 700 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4148986 | ||
| XXXXX | XXXXX | 9134574 | D | A | D | A | A | A | A | A | Closed | FCRE1201 | 2025-05-15 09:37 | 2025-05-21 12:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Received fraud report. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/20/2025 Open-Missing Third Party Fraud Report All loans must be submitted to an automated fraud and data check tool (i.e. XXXXX). A copy of the findings report must be provided in the loan file along with any documentation resolving any deficiencies or red flags noted. - Due Diligence Vendor-05/15/2025 |
Resolved-Received fraud report. - Due Diligence Vendor-05/21/2025 |
Months Reserves exceed minimum required - 86 months reserves documented, 3 months required Qualifying FICO score is at least 20 points above minimum for program - 730 FICO, 700 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4149154 | ||
| XXXXX | XXXXX | 9134574 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-15 09:40 | 2025-05-19 16:04 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR Calculation was located. - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. DSCR - Buyer-05/16/2025 Open-The DSCR Calculation from lender is Missing. Lender DSCR calculation is required - Due Diligence Vendor-05/15/2025 |
Resolved-DSCR Calculation was located. - Due Diligence Vendor-05/19/2025 |
Months Reserves exceed minimum required - 86 months reserves documented, 3 months required Qualifying FICO score is at least 20 points above minimum for program - 730 FICO, 700 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4149176 | ||
| XXXXX | XXXXX | 9162683 | C | A | C | A | A | A | A | A | Closed | FCRE7011 | 2025-05-15 12:31 | 2025-05-22 16:39 | Resolved | 1 - Information | C | A | Credit | Insurance | Rent Loss Coverage is Insufficient or Missing | Resolved-Received sufficient Rent Loss Coverage. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. - Seller-05/21/2025 Open-Rent Loss Coverage is Insufficient or Missing. Declaration page reflects fair rental income is included however there is is no coverage amount listed. Unable to confirm the coverage meets the 6 months required by the guidelines. - Due Diligence Vendor-05/15/2025 |
Ready for Review-Document Uploaded. - Seller-05/21/2025 |
Resolved-Received sufficient Rent Loss Coverage. - Due Diligence Vendor-05/22/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 731, guideline minimum is 620. LTV is less than guideline maximum - The calculated LTV is 65%, maximum allowed per the guidelines is 75%. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4152258 | |
| XXXXX | XXXXX | 9162666 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9162763 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9162696 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9162613 | C | A | C | A | A | A | A | A | Closed | FCRE1455 | 2025-06-02 09:48 | 2025-06-04 09:26 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Less Than 2 Months Verified | Resolved-Received bank statement. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. - Seller-06/03/2025 Open-Asset 1 Less Than 2 Months Verified Guideline require 30 day account. - Due Diligence Vendor-06/02/2025 |
Ready for Review-Document Uploaded. - Seller-06/03/2025 |
Resolved-Received bank statement. - Due Diligence Vendor-06/04/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 754, guiiselines minimum is 640. Months Reserves exceed minimum required - Verified reserves equal 125.19 months, guidelines require 2 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4297387 | |
| XXXXX | XXXXX | 9162667 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXXX | XXXXX | 9162701 | C | A | C | A | A | A | A | A | Closed | FCRE1254 | 2025-05-15 14:29 | 2025-05-30 14:52 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received confirmation of release. - Due Diligence Vendor-05/30/2025 Ready for Review-Please see attached. It has been confirmed that Item #10 will be removed from final title policy - Seller-05/30/2025 Ready for Review-Document Uploaded. - Seller-05/30/2025 Counter-Received confirmation of payoff with closing attorney ledger. Missing the cross collateral note verifying the payoff for the subject property meets the release terms and the property has been removed from the cross collateral loan. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. Hello, for all of the XXXXX,they are consolidating all of the funds to do 1 large payoff for XXXXX. Due to this, there will be 1 payoff demand for all loans. Please see attached disbursement ledger. There are two ledgers as the attorney can only wire $1mm at a time and they separated the payoff wire of XXXXX into two: one is XXXXX - Seller-05/28/2025 Counter-Documentation received is insufficient-original finding remains. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. - Seller-05/20/2025 Open-Property Title Issue Subject is a part of a cross collateral loan. File contains the payoff to XXXXX. Missing the cross collateral note verifying the payoff for the subject property meets the release terms and the property has been removed from the cross collateral loan. - Due Diligence Vendor-05/15/2025 |
Ready for Review-Please see attached. It has been confirmed that Item #10 will be removed from final title policy - Seller-05/30/2025 Ready for Review-Document Uploaded. - Seller-05/30/2025 Ready for Review-Document Uploaded. Hello, for all of the XXXXX, they are consolidating all of the funds to do 1 large payoff for XXXXX. Due to this, there will be 1 payoff demand for all loans. Please see attached disbursement ledger. There are two ledgers as the attorney can only wire $1mm at a time and they separated the payoff wire of XXXXX into two: one is XXXXX. - Seller-05/28/2025 Ready for Review-Document Uploaded. - Seller-05/20/2025 |
Resolved-Received confirmation of release. - Due Diligence Vendor-05/30/2025 |
LTV is less than guideline maximum - Calculated LTV is 70%, guideline max allowed is 75%. Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 785, guideline minimum is 640. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4154278 | |
| XXXXX | XXXXX | 9162701 | C | A | C | A | A | A | A | A | Closed | FCRE9501 | 2025-05-15 15:00 | 2025-05-21 16:09 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received final cash out cd for other property. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. - Seller-05/20/2025 Open-Total Qualified Assets Post-Close amount is '$-9156.74'. Assets are Insufficient. File is missing all asset documents. File contains a letter from attorney stating the funds to close will come from the refinance of loan #XXXXXin the amount of XXXXX. Missing documentation supporting the borrower received XXXXX at or before closing to support the funds to close. - Due Diligence Vendor-05/15/2025 |
Ready for Review-Document Uploaded. - Seller-05/20/2025 |
Resolved-Received final cash out cd for other property. - Due Diligence Vendor-05/21/2025 |
LTV is less than guideline maximum - Calculated LTV is 70%, guideline max allowed is 75%. Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 785, guideline minimum is 640. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4154761 | |
| XXXXX | XXXXX | 9162701 | C | A | C | A | A | A | A | A | Closed | FCRE1198 | 2025-05-15 15:15 | 2025-05-21 16:09 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Audited Reserves of 42.51 month(s) are greater than or equal to Guideline Required Reserves of 2 month(s) - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. - Seller-05/20/2025 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 2 month(s) Missing all asset documents, no reserves verified. File is missing all asset documents. File contains a letter from attorney stating the funds to close will come from the refinance of loan XXXXX. Missing documentation supporting the borrower received $117,082.76 at or before closing to support the required reserves. - Due Diligence Vendor-05/15/2025 |
Ready for Review-Document Uploaded. - Seller-05/20/2025 |
Resolved-Audited Reserves of 42.51 month(s) are greater than or equal to Guideline Required Reserves of 2 month(s) - Due Diligence Vendor-05/21/2025 |
LTV is less than guideline maximum - Calculated LTV is 70%, guideline max allowed is 75%. Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 785, guideline minimum is 640. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4155012 | |
| XXXXX | XXXXX | 9162702 | C | A | C | A | A | A | A | A | Closed | FCRE1254 | 2025-05-16 18:03 | 2025-05-28 14:06 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received closing attorney ledger confirming payoffs. - Due Diligence Vendor-05/28/2025 Ready for Review-To whom it may concern, For all of the XXXXX,they are consolidating all of the funds to do 1 large payoff for XXXXX. Due to this, there will be 1 payoff demand for all loans. Please see attached disbursement ledger. There are two ledgers as the attorney can only wire $1mm at a time and they separated the payoff wire of XXXXX into two: one is XXXXX - Seller-05/23/2025 Ready for Review-Document Uploaded. To whom it may concern, For all of the XXXXX. They are consolidating all of the funds to do 1 large payoff for XXXXX. Due to this, there will be 1 payoff demand for all loans. Please see attached disbursement ledger. There are two ledgers as the attorney can only wire $1mm at a time and they separated the payoff wire of XXXXX into two. - Seller-05/23/2025 Counter-Documentation received is insufficient-original finding remains. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. - Seller-05/20/2025 Open-Property Title Issue Subject is a part of a cross collateral loan. Prior real estate note in the file dated XXXXX reflects the subject property is part of the collateral for the note. Note stated the property will be released from the lien of note and security deed upon the payment of XXXXX Missing evidence the borrower has paid the required XXXXX to release the subject property. CD in the file states the borrower is paying XXXXX to settlement statement, - Due Diligence Vendor-05/16/2025 |
Ready for Review-To whom it may concern, For all of the XXXXX,they are consolidating all of the funds to do 1 large payoff for XXXXX. Due to this, there will be 1 payoff demand for all loans. Please see attached disbursement ledger. There are two ledgers as the attorney can only wire $1mm at a time and they separated the payoff wire of XXXXX into two: one is XXXXX. - Seller-05/23/2025 Ready for Review-Document Uploaded. To whom it may concern, For all of the XXXXXThey are consolidating all of the funds to do 1 large payoff for XXXXX Due to this, there will be 1 payoff demand for all loans. Please see attached disbursement ledger. There are two ledgers as the attorney can only wire $1mm at a time and they separated the payoff wire of XXXXX into two. - Seller-05/23/2025 Ready for Review-Document Uploaded. - Seller-05/20/2025 |
Resolved-Received closing attorney ledger confirming payoffs. - Due Diligence Vendor-05/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 785, guideline minimum is 640. LTV is less than guideline maximum - Calculated LTV is 70%, guideline maximum is 75%. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4169896 | |
| XXXXX | XXXXX | 9162702 | C | A | C | A | A | A | A | A | Closed | FCRE1198 | 2025-05-16 18:29 | 2025-05-21 16:33 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received cash out CD on other investment reflecting sufficient assets. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. - Seller-05/20/2025 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 2 month(s) Guidelines require 2 months reserves. No asset documents in the file. - Due Diligence Vendor-05/16/2025 |
Ready for Review-Document Uploaded. - Seller-05/20/2025 |
Resolved-Received cash out CD on other investment reflecting sufficient assets. - Due Diligence Vendor-05/21/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 785, guideline minimum is 640. LTV is less than guideline maximum - Calculated LTV is 70%, guideline maximum is 75%. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4170103 | |
| XXXXX | XXXXX | 9162702 | C | A | C | A | A | A | A | A | Closed | FCRE9501 | 2025-05-16 18:18 | 2025-05-21 16:32 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received cash out CD on other investment reflecting sufficient assets. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. - Seller-05/20/2025 Open-Total Qualified Assets Post-Close amount is '$-9175.34'. Assets are Insufficient. Per the final CD $9,175.34 was required to close. No assets in the borrowers name in the file. - Due Diligence Vendor-05/16/2025 |
Ready for Review-Document Uploaded. - Seller-05/20/2025 |
Resolved-Received cash out CD on other investment reflecting sufficient assets. - Due Diligence Vendor-05/21/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 785, guideline minimum is 640. LTV is less than guideline maximum - Calculated LTV is 70%, guideline maximum is 75%. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4170032 | |
| XXXXX | XXXXX | 9162684 | C | A | C | A | A | A | A | A | Closed | FCRE1232 | 2025-05-19 11:08 | 2025-06-09 11:00 | Resolved | 1 - Information | C | A | Credit | Eligibility | Calculated DSCR does not meet the Minimum DSCR allowed | Resolved-Recieved proof of 3 months of rent for each unit. - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. - Seller-05/23/2025 Counter-Documentation received is insufficient-document borrowers receipt of 3 months rents for both units. Bank statements required. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. - Seller-05/21/2025 Open-The Calculated DSCR of '0.222' is less than the minimum DSCR per lender guidelines of '0.75'. The calculated DSCR is 0.222, which is below the guideline minimum of 0.75. Lender used the lease payments to calculated the DSCR. Missing 3 months evidence of rents received to use the higher lease agreement income. Using the rental income from the appraisal results in a DSCR below the minimum allowed. - Due Diligence Vendor-05/19/2025 |
Ready for Review-Document Uploaded. - Seller-05/23/2025 Ready for Review-Document Uploaded. - Seller-05/21/2025 |
Resolved-Recieved proof of 3 months of rent for each unit. - Due Diligence Vendor-06/09/2025 |
LTV is less than guideline maximum - The calculated LTV is 70%, guideline maximum s 75%. Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 785, guideline minimum is 680. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4178176 | |
| XXXXX | XXXXX | 9162684 | C | A | C | A | A | A | A | A | Closed | FCRE1254 | 2025-05-19 10:26 | 2025-05-30 14:53 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received release. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. Please see attached payoff statement. It has been confirmed that Item #10 will be removed from final title policy - Seller-05/30/2025 Counter-Received closing attorney disbursements-Missing document to support if this amount will release the subject property from the cross collateral lien. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. Hello, for all of the XXXXX,they are consolidating all of the funds to do 1 large payoff for XXXXX. Due to this, there will be 1 payoff demand for all loans. Please see attached disbursement ledger. There are two ledgers as the attorney can only wire $1mm at a time and they separated the payoff wire of XXXXX into two: one is XXXXX. - Seller-05/28/2025 Counter-The original Note, page 66, reflects the original XXXXX. - Due Diligence Vendor-05/27/2025 Ready for Review-Hello,may I ask where the XXXXX liability for the subject property is shown ? - Seller-05/22/2025 Counter-Documentation received is insufficient-original finding remains. Missing evidence the borrower has paid the required XXXXX to release the subject property. Final CD reflects a payment to XXXXX in the amount of $222,796.64. Missing document to support if this amount will release the subject property from the cross collateral lien. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. - Seller-05/20/2025 Open-Property Title Issue Subject is a part of a cross collateral loan. Prior real estate note in the file dated XXXXX reflects the subject property is part of the collateral for the note. Note stated the property will be released from the lien of note and security deed upon the payment of XXXXX. Missing evidence the borrower has paid the required XXXXXto release the subject property. Final CD reflects a payment to XXXXX in the amount of $222,796.64. Missing document to support if this amount will release the subject property from the cross collateral lien. - Due Diligence Vendor-05/19/2025 |
Ready for Review-Document Uploaded. Please see attached payoff statement. It has been confirmed that Item #10 will be removed from final title policy - Seller-05/30/2025 Ready for Review-Document Uploaded. Hello, for all of the XXXXX,they are consolidating all of the funds to do 1 large payoff for XXXXX. Due to this, there will be 1 payoff demand for all loans. Please see attached disbursement ledger. There are two ledgers as the attorney can only wire $1mm at a time and they separated the payoff wire of XXXXXinto two: one is XXXXX. - Seller-05/28/2025 Ready for Review-Hello,may I ask where the XXXXX liability for the subject property is shown ? - Seller-05/22/2025 Ready for Review-Document Uploaded. - Seller-05/20/2025 |
Resolved-Received release. - Due Diligence Vendor-05/30/2025 |
LTV is less than guideline maximum - The calculated LTV is 70%, guideline maximum s 75%. Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 785, guideline minimum is 680. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4177601 | |
| XXXXX | XXXXX | 9162640 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9162626 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | 9165653 | D | A | A | A | A | A | D | A | Closed | FPRO1253 | 2025-05-16 09:15 | 2025-05-23 14:46 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Received Desk Review. Value supported. - Due Diligence Vendor-05/23/2025 Ready for Review-Document Uploaded. please find the final DVR for review. - Seller-05/21/2025 Open-Additional valuation product has not been provided. 2nd evaluation not provided. - Due Diligence Vendor-05/16/2025 |
Ready for Review-Document Uploaded. please find the final DVR for review. - Seller-05/21/2025 |
Resolved-Received Desk Review. Value supported. - Due Diligence Vendor-05/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 700 Required, subject 745 Months Reserves exceed minimum required - 6 months required, subject 20 months verified. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4162180 | ||
| XXXXX | 9165661 | D | A | D | A | A | A | A | A | Closed | FCRE6019 | 2025-05-14 14:27 | 2025-06-03 15:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Received perm resident alien documentation. - Due Diligence Vendor-06/03/2025 Ready for Review-Document Uploaded. bwr green card front and back - Seller-06/02/2025 Open-Borrower Citizenship Documentation Is Missing - Due Diligence Vendor-05/16/2025 |
Ready for Review-Document Uploaded. bwr green card front and back - Seller-06/02/2025 |
Resolved-Received perm resident alien documentation. - Due Diligence Vendor-06/03/2025 |
LTV is less than guideline maximum - MAx LTV 80% / Subject LTV 66.67% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 620 / Borrower FICO 784 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4141645 | ||
| XXXXX | 9165661 | D | A | D | A | A | A | A | A | Closed | FCRE1201 | 2025-05-19 09:53 | 2025-06-03 15:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Received Fraud Report. - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. please find the fraud report. - Seller-05/22/2025 Open-Missing Third Party Fraud Report Missing Fraud Report - Due Diligence Vendor-05/19/2025 |
Ready for Review-Document Uploaded. please find the fraud report. - Seller-05/22/2025 |
Resolved-Received Fraud Report. - Due Diligence Vendor-05/27/2025 |
LTV is less than guideline maximum - MAx LTV 80% / Subject LTV 66.67% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 620 / Borrower FICO 784 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4177115 | ||
| XXXXX | XXXXX | 9134571 | D | A | D | A | A | A | A | A | Closed | FCRE8257 | 2025-05-22 14:02 | 2025-06-11 12:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Prepayment Rider-Credit | Resolved-Revised Note and CD provided confirming no prepay. - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. PCCD showing no prepayment - Buyer-06/11/2025 Counter-Documentation received is insufficient-original finding remains. Missing pre payment addendum to Note. - Due Diligence Vendor-06/06/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-06/05/2025 Open-The Final CD and FPL indicate the loan has a PPP and on the Prepay section of the Note it states, "This Section Is Superseded By The Addendum Attached", but an addendum was not located in the file. - Due Diligence Vendor-05/22/2025 |
Resolved-Revised Note and CD provided confirming no prepay. - Due Diligence Vendor-06/11/2025 |
Months Reserves exceed minimum required - 108 months reserves documented, 12 months required Qualifying FICO score is at least 20 points above minimum for program - 741 FICO, 700 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4217818 | ||
| XXXXX | XXXXX | 9134571 | D | A | D | A | A | A | A | A | Closed | FCRE1158 | 2025-05-15 15:12 | 2025-05-21 12:23 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Received renewal policy. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/20/2025 Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided The HOI Policy must be effective for at least 60 days after the date of funding. Funding date XXXXX expiration date XXXXX. - Due Diligence Vendor-05/15/2025 |
Resolved-Received renewal policy. - Due Diligence Vendor-05/21/2025 |
Months Reserves exceed minimum required - 108 months reserves documented, 12 months required Qualifying FICO score is at least 20 points above minimum for program - 741 FICO, 700 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4154909 | ||
| XXXXX | XXXXX | 9156971 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2025-05-20 15:23 | 2025-06-02 12:20 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received Personal Guaranty. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. PG - Buyer-05/30/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Partial'. Personal Guaranty needs to be signed by the borrower as an individual with no reference to the LLC. The field with XXXXX needs to be blank - Due Diligence Vendor-05/20/2025 |
Resolved-Received Personal Guaranty. - Due Diligence Vendor-06/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 802 Min 700 Credit history exceeds minimum required - Credit History: Mortgage has 35 months reporting 0x30; consumer account has low balance vs high limit |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4195832 | ||
| XXXXX | XXXXX | 9213154 | B | B | B | B | A | A | A | A | Closed | FCRE0104 | 2025-05-19 13:36 | 2025-05-19 15:11 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Prepayment Penalty is not allowed | Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/19/2025 Open-Prepayment Penalty is not allowed. Exception for PPP in XX when loan amount is XXXXX. 2.4.7 PREPAYMENT PENALTY (07/15/2024) - XXXXX - Prepayment penalties are not allowed on loan balances less than an adjusted value as determined by the XXXXX. For calendar year 2025, the base figure amount is XXXXX. Email in file from XXXXX indicating Going forward, we will allow PPP in Pa for loans under XXXXX for loans closing in an LLC only. Our guides and matrices will be updated with something like this: Prepayment penalties on a loan amount less than $319,777 in XX are allowed when the property is vested in an entity. Exception form reflects approved - Due Diligence Vendor-05/19/2025 |
Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/19/2025 |
DSCR % greater than 1.20 - Actual 1.213 Qualifying FICO score is at least 20 points above minimum for program - MIn 700, actual 785 Months Reserves exceed minimum required - Min 2 months, actual 8.8 months |
2+ mons> guidelines Fico 50+ pts > guidelines Mortgage 0x30x52 Years at present address - 4 Locked with Escrows |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4181025 | ||
| XXXXX | XXXXX | 9213154 | B | B | B | B | A | A | A | A | Closed | FCRE1194 | 2025-05-19 13:44 | 2025-05-19 15:10 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/19/2025 Open-Audited LTV of 80% exceeds Guideline LTV of 75% Exception request to allow up to 80% LTV on DSCR 2-4 unit purchase. DSCR XXXXX program matrix states max LTV on 2-4 Unit purchase is 75%. - Due Diligence Vendor-05/19/2025 |
Waived-Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-05/19/2025 |
DSCR % greater than 1.20 - Actual 1.213 Qualifying FICO score is at least 20 points above minimum for program - MIn 700, actual 785 Months Reserves exceed minimum required - Min 2 months, actual 8.8 months |
2+ mons> guidelines Fico 50+ pts > guidelines Mortgage 0x30x52 Years at present address - 4 Locked with Escrows |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4181133 | ||
| XXXXX | XXXXX | 9213134 | D | B | D | B | A | A | A | A | Closed | FCOM1227 | 2025-05-19 15:32 | 2025-06-06 11:02 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | PUD Rider is Missing | Waived-Client provided a waiver PUD Rider, applied to non material finding with comp factors - Due Diligence Vendor-06/06/2025 Open-PUD Rider is Missing Missing PUD Rider - Due Diligence Vendor-05/19/2025 |
Waived-Client provided a waiver PUD Rider, applied to non material finding with comp factors - Due Diligence Vendor-06/06/2025 |
Months Reserves exceed minimum required - 33 months PITIA reserves; 2 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 799; minimum required 660. |
TLTV/CLTV 10% or more below the maximum allowed under applicable guidelines DSCR > 1.3 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4182860 | ||
| XXXXX | XXXXX | 9213134 | D | B | D | B | A | A | A | A | Closed | FCRE1440 | 2025-05-19 11:41 | 2025-06-04 15:53 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-XXXXX is a reverse mortgage, statement p. 909. - Due Diligence Vendor-06/04/2025 Counter-Reviewer is unable to locate Mortgage statement and payment history for XXXXX. Please provide. - Due Diligence Vendor-06/04/2025 Ready for Review-XXXXX is reverse mortgage, both statement and note are in there. - Buyer-06/02/2025 Open-Housing History Does Not Meet Guideline Requirements Mortgage statement and payment history for XXXXX not provided. - Due Diligence Vendor-05/19/2025 |
Resolved-XXXXX is a reverse mortgage, statement p. 909. - Due Diligence Vendor-06/04/2025 |
Months Reserves exceed minimum required - 33 months PITIA reserves; 2 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 799; minimum required 660. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4178956 | |||
| XXXXX | XXXXX | 9213134 | D | B | D | B | A | A | A | A | Closed | FCRE4805 | 2025-05-19 15:42 | 2025-05-19 15:45 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Trust/POA Does Not Meet Guideline Requirements | Waived-Client exception on file in regards to allowing Durable POA. Non-material waiver applied to finding with compensating factors. (A limited POA is acceptable when it is specific to the transaction.) - Due Diligence Vendor-05/19/2025 Open-Lender Exception: "Allow Durable POA" - Due Diligence Vendor-05/19/2025 |
Waived-Client exception on file in regards to allowing Durable POA. Non-material waiver applied to finding with compensating factors. (A limited POA is acceptable when it is specific to the transaction.) - Due Diligence Vendor-05/19/2025 |
Months Reserves exceed minimum required - 33 months PITIA reserves; 2 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 799; minimum required 660. |
FICO LTV |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4183043 | ||
| XXXXX | 9165693 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2025-05-19 15:17 | 2025-06-05 09:21 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Clarification on rent payments and modified lease provided. - Due Diligence Vendor-06/05/2025 Ready for Review-Document Uploaded. Please find the LOE and rent showing the amounts paid and why. - Seller-06/03/2025 Counter-Received cancelled checks-amount does not match the aged lease received. Please provide VOR or updated lease terms. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. VOR for review, please clear. - Seller-05/21/2025 Open-Housing History Does Not Meet Guideline Requirements Missing VOR for primary residence. - Due Diligence Vendor-05/19/2025 |
Ready for Review-Document Uploaded. Please find the LOE and rent showing the amounts paid and why. - Seller-06/03/2025 Ready for Review-Document Uploaded. VOR for review, please clear. - Seller-05/21/2025 |
Resolved-Clarification on rent payments and modified lease provided. - Due Diligence Vendor-06/05/2025 |
LTV is less than guideline maximum - Max LTV 80% / Subject LTV 73.94% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680 / Borrower FICO 726 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4182661 | ||
| XXXXX | 9165693 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2025-05-19 14:59 | 2025-05-22 14:10 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received PITIA validation. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. Please find tax and HOI for XXXXX and HOI for HOI for XXXXX. please clear - Seller-05/21/2025 Open-Property 3 b - Missing verification of taxes, insurance XXXXX Property 3 c - Missing verification of HOI XXXXX - Due Diligence Vendor-05/19/2025 |
Ready for Review-Document Uploaded. Please find tax and HOI for XXXXX and HOI for HOI for XXXXX. please clear - Seller-05/21/2025 |
Resolved-Received PITIA validation. - Due Diligence Vendor-05/22/2025 |
LTV is less than guideline maximum - Max LTV 80% / Subject LTV 73.94% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680 / Borrower FICO 726 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4182367 | ||
| XXXXX | 9165693 | D | A | D | A | A | A | A | A | Closed | FCRE1510 | 2025-05-15 17:07 | 2025-05-22 13:50 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. please find dot with legal on last page. - Seller-05/21/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. missing legal description - Exhibit A - Due Diligence Vendor-05/15/2025 |
Ready for Review-Document Uploaded. please find dot with legal on last page. - Seller-05/21/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/22/2025 |
LTV is less than guideline maximum - Max LTV 80% / Subject LTV 73.94% Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680 / Borrower FICO 726 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4157025 | ||
| XXXXX | XXXXX | 9134561 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-05-19 16:53 | 2025-05-23 11:40 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Mortgage w/Legal. - Due Diligence Vendor-05/23/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/21/2025 Open-Legal Description referenced as attached to Security Instrument is not included within the document or riders. - Due Diligence Vendor-05/19/2025 |
Resolved-Received Mortgage w/Legal. - Due Diligence Vendor-05/23/2025 |
Months Reserves exceed minimum required - Reserves: 81 Min 3 Qualifying FICO score is at least 20 points above minimum for program - FICO: 748 Min 700 LTV is less than guideline maximum - LTV: 66.44% Max 75 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4184322 | ||
| XXXXX | XXXXX | 9156976 | D | A | D | A | A | A | A | A | Closed | FCRE1159 | 2025-05-19 16:57 | 2025-05-28 12:31 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Received current and renewal policies. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. Supporting docs - Buyer-05/27/2025 Open-Hazard Insurance Effective Date of XXXXX is after the Note Date of XXXXX Disbursement date is XXXXX - Due Diligence Vendor-05/19/2025 |
Resolved-Received current and renewal policies. - Due Diligence Vendor-05/28/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 108.80 months Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 771 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4184365 | ||
| XXXXX | XXXXX | 9156976 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-19 17:10 | 2025-05-23 12:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR Calculation - Due Diligence Vendor-05/23/2025 Ready for Review-Document Uploaded. DSCR Calculation Uploaded - Buyer-05/21/2025 Open-The DSCR Calculation from lender is Missing. No DSCR calculation/worksheet or figure located in loan files - Due Diligence Vendor-05/19/2025 |
Resolved-Received DSCR Calculation - Due Diligence Vendor-05/23/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 108.80 months Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 771 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4184486 | ||
| XXXXX | XXXXX | 9156987 | D | A | D | A | A | A | A | A | Closed | FCRE1509 | 2025-05-19 15:41 | 2025-05-27 14:24 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Note Document | Resolved-Per the guidelines STR is allowed and DSCR is greater than 1%. - Due Diligence Vendor-05/27/2025 Counter-1007 provided with STR, however the guidelines state - . Short-term rental income for the subject property in a purchase transaction is not allowed and Form 1007 or 1025 cannot derive market rent based on short-term rental income. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. DSCR ratio not under 1-- - Seller-05/20/2025 Open-There are Issues Present on the Note that must be addressed. DSCR <1 does not allow for I/O payment. - Due Diligence Vendor-05/19/2025 |
Ready for Review-Document Uploaded. DSCR ratio not under 1-- - Seller-05/20/2025 |
Resolved-Per the guidelines STR is allowed and DSCR is greater than 1%. - Due Diligence Vendor-05/27/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 798 is at least 20 points above minimum for program. Months Reserves exceed minimum required - Months Reserves 7.7 exceed minimum required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4183021 | |
| XXXXX | XXXXX | 9156987 | D | A | D | A | A | A | A | A | Closed | FCRE1232 | 2025-05-19 15:26 | 2025-05-27 14:23 | Resolved | 1 - Information | C | A | Credit | Eligibility | Calculated DSCR does not meet the Minimum DSCR allowed | Resolved-Short-term rental income from 1007 allowed per guidelines with appraiser stating monthly rentals and VRBO.com used on all comparables as documentation that there are no restrictions. - Due Diligence Vendor-05/27/2025 Counter-1007 w/ short term rents provided, however the guidelines state - Short-term rental income for the subject property in a purchase transaction is not allowed and Form 1007 or 1025 cannot derive market rent based on short-term rental income. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. UW Memo explaining the use of $9000 STR and 1007 in short term market (screen shot indicates estimated monthly rent of $9000 per month for subject - Buyer-05/20/2025 Ready for Review-Document Uploaded. UW Memo explaining the use of $9000 STR and 1007 in short term market - Buyer-05/20/2025 Open-The Calculated DSCR of '0.530' is less than the minimum DSCR per lender guidelines of '0.8'. The DSCR is lower than minimum required. Final 1003 and audit match on PITIA. Market rent $4,000 - Due Diligence Vendor-05/19/2025 |
Resolved-Short-term rental income from 1007 allowed per guidelines with appraiser stating monthly rentals and XXXXX used on all comparables as documentation that there are no restrictions. - Due Diligence Vendor-05/27/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 798 is at least 20 points above minimum for program. Months Reserves exceed minimum required - Months Reserves 7.7 exceed minimum required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4182767 | ||
| XXXXX | XXXXX | 9156987 | D | A | D | A | A | A | A | A | Closed | FCRE1197 | 2025-05-19 15:34 | 2025-05-27 14:22 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited FICO is less than Guideline FICO | Resolved-Received Credit Report. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. SUPPORTING DOCS - Buyer-05/20/2025 Open-Audited FICO of is less than Guideline FICO of 720 Missing credit report. Additional conditions may apply - Due Diligence Vendor-05/19/2025 |
Resolved-Received Credit Report. - Due Diligence Vendor-05/22/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 798 is at least 20 points above minimum for program. Months Reserves exceed minimum required - Months Reserves 7.7 exceed minimum required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4182907 | ||
| XXXXX | XXXXX | 9156987 | D | A | D | A | A | A | A | A | Closed | FCRE1198 | 2025-05-19 15:34 | 2025-05-27 14:22 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received additional assets. Audited Reserves of 7.74 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. BUSINESS ASSETS FROM XXXXX SHOWING ENDING BALANCE OF $37490 (XXXXX) AND CORPORATE FILING SHOW XXXXX AS SOLE OWNER - Seller-05/20/2025 Open-Audited Reserves of 2.78 month(s) are less than Guideline Required Reserves of 3 month(s) Verified assets short reserves - Due Diligence Vendor-05/19/2025 |
Ready for Review-Document Uploaded. BUSINESS ASSETS FROM XXXXX SHOWING ENDING BALANCE OF $37490 (XXXXX) AND CORPORATE FILING SHOW XXXXX AS SOLE OWNER - Seller-05/20/2025 |
Resolved-Received additional assets. Audited Reserves of 7.74 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) - Due Diligence Vendor-05/22/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 798 is at least 20 points above minimum for program. Months Reserves exceed minimum required - Months Reserves 7.7 exceed minimum required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4182908 | |
| XXXXX | XXXXX | 9156987 | D | A | D | A | A | A | A | A | Closed | FCRE5770 | 2025-05-19 15:00 | 2025-05-27 09:09 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Credit Report is Missing | Resolved-Received Borrower 1 Credit Report is not missing. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. SUPPORTING DOCS - Buyer-05/20/2025 Open-Borrower 1 Credit Report is Missing. Missing from loan files - Due Diligence Vendor-05/19/2025 |
Resolved-Received Borrower 1 Credit Report is not missing. - Due Diligence Vendor-05/22/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 798 is at least 20 points above minimum for program. Months Reserves exceed minimum required - Months Reserves 7.7 exceed minimum required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4182374 | ||
| XXXXX | XXXXX | 9130202 | C | A | C | A | A | A | A | A | Closed | FCRE8201 | 2025-05-21 16:05 | 2025-05-23 12:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan does not conform to program guidelines | Resolved-Received confirmation of no prepayment penalty. - Due Diligence Vendor-05/23/2025 Ready for Review-Document Uploaded. No prepay was on the file. - Buyer-05/22/2025 Open-First payment letter indicates the loan closed with a prepayment penalty. Prepayment penalties not allowed in XX on loan amounts less than $319,777. Provide confirmation the loan did not close with a prepayment penalty. - Due Diligence Vendor-05/21/2025 |
Resolved-Received confirmation of no prepayment penalty. - Due Diligence Vendor-05/23/2025 |
DSCR % greater than 1.20 - DSCR % is 1.291 Months Reserves exceed minimum required - Borrower verified 88.82 months of PITIA reserves, 3 months minimum required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4209072 | ||
| XXXXX | XXXXX | 9146931 | C | B | C | B | A | A | A | A | Closed | FCRE9996 | 2025-05-21 13:00 | 2025-05-23 15:51 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo does not meet requirements | Waived-Client exception granted to allow NWC with > 60% investor occupancy . Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-05/23/2025 Ready for Review-Document Uploaded. Exception Request and Approval uploaded - Buyer-05/21/2025 Open-The investor concentration is 68%, which exceeds the guideline max of 60%. An exception was not provided in file. - Due Diligence Vendor-05/21/2025 |
Waived-Client exception granted to allow NWC with > 60% investor occupancy . Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-05/23/2025 |
Months Reserves exceed minimum required - Borrower has 174.84 months of PITIA reserves, 3 months minimum required. DSCR % greater than 1.20 - DSCR % is 1.260 |
Borrower has 174.84 months of PITIA reserves, 3 months minimum required. DSCR % greater than 1.20 - DSCR % is 1.260 LLPA hit of .25 that will apply for this specific exception. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4206484 | |
| XXXXX | XXXXX | 9157002 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9213129 | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2025-05-20 07:40 | 2025-05-21 08:31 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Client exception granted to allow No housing history on primary, Non-material waiver applied with comp factors. non-material due to borrower has excellent payment history on credit. - Due Diligence Vendor-05/21/2025 Open-Housing History Does Not Meet Guideline Requirements No Housing history for the borrower's primary residence. Housing History for the DSCR Doc type is required for the borrower's primary residence. - Due Diligence Vendor-05/20/2025 |
Waived-Client exception granted to allow No housing history on primary, Non-material waiver applied with comp factors. non-material due to borrower has excellent payment history on credit. - Due Diligence Vendor-05/21/2025 |
Months Reserves exceed minimum required - 82 months reserves; 2 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 699; guidelines require 660. |
1. Reserves 12 months plus. 2. Fico 30 points greater then guidelines requirements. | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4188869 | ||
| XXXXX | XXXXX | 9213155 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9213137 | C | B | C | B | A | A | A | A | Closed | FCRE1491 | 2025-05-21 09:14 | 2025-06-04 13:29 | Waived | 2 - Non-Material | C | B | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Waived-Client provided a waiver for Gift Donor, applied to non material finding with comp factors - Due Diligence Vendor-06/04/2025 Open-Asset Qualification Does Not Meet Guideline Requirements Gift funds given as EMD, donor is a business partner, does not meet requirements of relative or spouse as donor. - Due Diligence Vendor-05/21/2025 |
Waived-Client provided a waiver for Gift Donor, applied to non material finding with comp factors - Due Diligence Vendor-06/04/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 808; guidelines require 700. | Credit Score 30+ points > minimum required |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4202369 | ||
| XXXXX | XXXXX | 9213147 | C | B | C | B | C | A | A | A | Closed | FCRE1304 | 2025-05-21 13:25 | 2025-07-10 17:23 | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Income 1 Income Trend is Decreasing | Waived-Client exception granted use of income reflecting annual decline > 10%, waiver applied to non-material finding with compensating factors - Due Diligence Vendor-07/10/2025 Ready for Review-Document Uploaded. Please see attached. - Buyer-05/27/2025 Open-Income 1 Income Trend is Decreasing YTD income decline > 10% - YTD income is averaging a 45% decline from previous year earnings reported on 1099. Exception request in the file declined. - Due Diligence Vendor-05/21/2025 |
Waived-Client exception granted use of income reflecting annual decline > 10%, waiver applied to non-material finding with compensating factors - Due Diligence Vendor-07/10/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 33%; max permitted 50%. Residual Income =/> 1.5 times $3,500 monthly residual income - -2+ times residual income. Verified employment history exceeds guidelines - 5 years of employment |
Reserves: 7 months verified Residual income: >$5,000, exceeding 1.5x |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4206850 | |
| XXXXX | XXXXX | 9213147 | C | B | C | B | C | A | A | A | Closed | FCRE1197 | 2025-05-21 12:20 | 2025-06-04 13:02 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Client provided a waiver FICO 656<660 required, applied to non material finding with comp factors - Due Diligence Vendor-06/04/2025 Open-Audited FICO of 656 is less than Guideline FICO of 660 Per matrix, minimum FICO is 660 for XXXXX Alt Doc program. - Due Diligence Vendor-05/21/2025 |
Waived-Client provided a waiver FICO 656<660 required, applied to non material finding with comp factors - Due Diligence Vendor-06/04/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 33%; max permitted 50%. Residual Income =/> 1.5 times $3,500 monthly residual income - -2+ times residual income. Verified employment history exceeds guidelines - 5 years of employment |
DTI <= 36% which is below requirement in guidelines Residual income more than 2x the amount required by guidelines Self-employed for > 2 years |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4205789 | ||
| XXXXX | XXXXX | 9213147 | C | B | C | B | C | A | A | A | Closed | finding-3613 | 2025-05-19 13:50 | 2025-05-29 11:03 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID Disclosure Delivery and Receipt Date Validation Test | Resolved-Received response from client that LE 5/13/2025 was never sent to borrower and their critical history screen shot reflecting LEs emailed to borrower to confirm. - Due Diligence Vendor-05/29/2025 Open-This loan failed the TRID disclosure delivery and receipt date validation test due to one of the following findings:The Revised Loan Estimate Receipt Date is before Revised Loan Estimate Delivery Date; orThe Initial Closing Disclosure Receipt Date is before Initial Closing Disclosure Delivery Date; orThe Revised Closing Disclosure Receipt Date is before Revised Closing Disclosure Delivery Date. -----Initial CD 05/13/2025 has been issued on the same date as the Final LE 05/13/2025 which is not allowable per applicable statute, must have a one day gap. Per statute, there is no cure for this violation. Statue of Limitations - 1 year, expiration date XXXXX. - Due Diligence Vendor-05/19/2025 |
Resolved-Received response from client that LE 5/13/2025 was never sent to borrower and their critical history screen shot reflecting LEs emailed to borrower to confirm. - Due Diligence Vendor-05/29/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 33%; max permitted 50%. Residual Income =/> 1.5 times $3,500 monthly residual income - -2+ times residual income. Verified employment history exceeds guidelines - 5 years of employment |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4181195 | |||
| XXXXX | XXXXX | 9213147 | C | B | C | B | C | A | A | A | Closed | finding-3634 | 2025-05-19 15:30 | 2025-05-29 10:47 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Client response: Original submission came in as LPC. Broker reviewed LE prior to sending to borrower and switched to BPC. - LE printed without broker fee was for review only and not sent to the borrower. LE sent to and received by borrower shows mortgage broker fee of $4950.00 Audit response: First LE XXXXX was removed from testing and no tolerance violations found. - Due Diligence Vendor-05/29/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $4,950.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Zero (0%) tolerance fees increased by $4,950.00 (Mortgage Broker Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $4,950.00 post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 1 year- Expiration date is XXXXX. - Due Diligence Vendor-05/19/2025 |
Resolved-Client response: Original submission came in as LPC. Broker reviewed LE prior to sending to borrower and switched to BPC. - LE printed without broker fee was for review only and not sent to the borrower. LE sent to and received by borrower shows mortgage broker fee of $4950.00 Audit response: First LE XXXXX was removed from testing and no tolerance violations found. - Due Diligence Vendor-05/29/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 33%; max permitted 50%. Residual Income =/> 1.5 times $3,500 monthly residual income - -2+ times residual income. Verified employment history exceeds guidelines - 5 years of employment |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4182836 | |||
| XXXXX | XXXXX | 9119063 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2025-05-20 11:42 | 2025-05-28 14:11 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received proof of April 2025 payment. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. Supporting docs - Buyer-05/27/2025 Counter-Received updated VOM confirm March 2025 payment made, missing confirmation of April 2025 and payoff received reflects over 31 day interest collected. Confirmation of payments made required. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. supporting docs - Seller-05/21/2025 Open-Housing History Does Not Meet Guideline Requirements Mortgage payments for XXXXX for 03/2025 and 04/2025 not provided. - Due Diligence Vendor-05/20/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-05/21/2025 |
Resolved-Received proof of April 2025 payment. - Due Diligence Vendor-05/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 738; minimum required 700. Credit history exceeds minimum required - No late payments |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4192422 | |
| XXXXX | XXXXX | 9119063 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-20 11:51 | 2025-05-28 14:03 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR Calculation worksheet. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. UW notes regarding DSCR - Seller-05/27/2025 Counter-Received DSCR calculation-lease amounts do not match documentation received. Please provide correct DSCR calculation. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. DSCR worksheet - Buyer-05/21/2025 Open-The DSCR Calculation from lender is Missing. Missing DSCR Calc from the lender. - Due Diligence Vendor-05/21/2025 |
Ready for Review-Document Uploaded. UW notes regarding DSCR - Seller-05/27/2025 |
Resolved-Received DSCR Calculation worksheet. - Due Diligence Vendor-05/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 738; minimum required 700. Credit history exceeds minimum required - No late payments |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4192596 | |
| XXXXX | XXXXX | 9119063 | D | A | D | A | A | A | A | A | Closed | FCRE1201 | 2025-05-20 11:46 | 2025-05-27 12:07 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Received Fraud Report. - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-05/22/2025 Open-Missing Third Party Fraud Report Missing fraud report - Due Diligence Vendor-05/21/2025 |
Resolved-Received Fraud Report. - Due Diligence Vendor-05/27/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 738; minimum required 700. Credit history exceeds minimum required - No late payments |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4192503 | ||
| XXXXX | XXXXX | 9119063 | D | A | D | A | A | A | A | A | Closed | FCRE1254 | 2025-05-21 09:25 | 2025-05-22 12:36 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Property Title Issue Resolved - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/21/2025 Open-Property Title Issue Title is expired - dated XXXXX - Due Diligence Vendor-05/21/2025 |
Resolved-Property Title Issue Resolved - Due Diligence Vendor-05/22/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 738; minimum required 700. Credit history exceeds minimum required - No late payments |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4202502 | ||
| XXXXX | XXXXX | 9166084 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2025-05-20 17:11 | 2025-06-23 11:38 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received acceptable rent free letter. - Due Diligence Vendor-06/23/2025 Ready for Review-Document Uploaded. with date and relationship - Buyer-06/20/2025 Counter-Received rent free letter-missing relationship and dates. - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/10/2025 Open-Housing History Does Not Meet Guideline Requirements Missing documentation and/or letter of Explanation regarding borrower residing rent free/no housing expense. - Due Diligence Vendor-05/20/2025 |
Resolved-Received acceptable rent free letter. - Due Diligence Vendor-06/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 819 Min 700 Months Reserves exceed minimum required - Reserves: 18 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4197759 | ||
| XXXXX | XXXXX | 9162777 | B | B | A | A | B | B | A | A | Closed | FCOM1301 | 2025-05-19 14:09 | 2025-05-19 15:48 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Home Loan Toolkit is Missing | Waived-The Home Loan Toolkit disclosure is missing. ----- Originator waiver applied to non-material finding. - Due Diligence Vendor-05/19/2025 | Waived-The Home Loan Toolkit disclosure is missing. ----- Originator waiver applied to non-material finding. - Due Diligence Vendor-05/19/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min 680, actual 789. Months Reserves exceed minimum required - Min 6, actual 23 months. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | No | 4181527 | |||
| XXXXX | XXXXX | 9166087 | D | B | D | B | A | A | A | A | Closed | FCRE9501 | 2025-06-09 12:09 | 2025-06-09 12:19 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Total Qualified Assets Post-Close are greater than $0. - Due Diligence Vendor-06/09/2025 Open-Total Qualified Assets Post-Close amount is '$-215757.35'. Assets are Insufficient. - Due Diligence Vendor-06/09/2025 |
Resolved-Total Qualified Assets Post-Close are greater than $0. - Due Diligence Vendor-06/09/2025 |
DSCR % greater than 1.20 - DSCR % is 1.539 Months Reserves exceed minimum required - Borrower verified 21.89 months of PITIA reserves, 12 months minimum reserves required for first-time investors. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4381766 | |||
| XXXXX | XXXXX | 9166087 | D | B | D | B | A | A | A | A | Closed | FCRE1159 | 2025-05-20 20:52 | 2025-06-09 12:13 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Hazard Insurance Effective Date of XXXXX is prior to or equal to the Note Date of XXXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-06/09/2025 Open-Hazard Insurance Effective Date of XXXXX is after the Note Date of XXXXX Based on the Notary date on the mortgage of XXXXX, the subject loan closed on XXXXX and the hazard coverage was not in effect until XXXXX. Final CD is missing from the loan file so it is not possible to verify if the loan funded a day after the loan closed. - Due Diligence Vendor-05/21/2025 |
Resolved-Hazard Insurance Effective Date of XXXXX is prior to or equal to the Note Date of XXXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-06/09/2025 |
DSCR % greater than 1.20 - DSCR % is 1.539 Months Reserves exceed minimum required - Borrower verified 21.89 months of PITIA reserves, 12 months minimum reserves required for first-time investors. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4199361 | |||
| XXXXX | XXXXX | 9166087 | D | B | D | B | A | A | A | A | Closed | FCRE1510 | 2025-05-20 10:34 | 2025-06-09 12:12 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Due Diligence Vendor-06/09/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. 1. The subject loan closed in XXXXX; however, the notary is an individual from XXXXX. 2. The non-borrowing individual signed the security instrument 1 day after the Notary date. 3. The legal description is not provided/attached to the mortgage. 4. The PUD, Prepay, and Assignments of Leases and Rents riders were not attached to the mortgage. - Due Diligence Vendor-05/20/2025 |
Resolved-There are no issues present on the Mortgage Document (Deed of Trust). - Due Diligence Vendor-06/09/2025 |
DSCR % greater than 1.20 - DSCR % is 1.539 Months Reserves exceed minimum required - Borrower verified 21.89 months of PITIA reserves, 12 months minimum reserves required for first-time investors. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4190945 | |||
| XXXXX | XXXXX | 9166087 | D | B | D | B | A | A | A | A | Closed | FCRE1201 | 2025-05-20 20:56 | 2025-06-09 12:10 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Received complete Fraud Report. - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. XXXXX attached - Seller-05/23/2025 Open-Missing Third Party Fraud Report Fraud Report missing. Additional conditions may apply. - Due Diligence Vendor-05/21/2025 |
Ready for Review-Document Uploaded. XXXXX attached - Seller-05/23/2025 |
Resolved-Received complete Fraud Report. - Due Diligence Vendor-05/27/2025 |
DSCR % greater than 1.20 - DSCR % is 1.539 Months Reserves exceed minimum required - Borrower verified 21.89 months of PITIA reserves, 12 months minimum reserves required for first-time investors. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4199371 | |
| XXXXX | XXXXX | 9166087 | D | B | D | B | A | A | A | A | Closed | FCRE0700 | 2025-05-20 11:03 | 2025-06-09 12:07 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Closing Detail Statement Document is Missing | Resolved-Closing Detail Statement Document is not Missing, or Not Applicable. - Due Diligence Vendor-06/09/2025 Open-Closing Detail Statement Document is Missing and subject property is an Investment property. Missing Final CD, HUD or Settlement Statement. The Closing Detail in file was issued XXXXX and e-signed XXXXX. - Due Diligence Vendor-05/20/2025 |
Resolved-Closing Detail Statement Document is not Missing, or Not Applicable. - Due Diligence Vendor-06/09/2025 |
DSCR % greater than 1.20 - DSCR % is 1.539 Months Reserves exceed minimum required - Borrower verified 21.89 months of PITIA reserves, 12 months minimum reserves required for first-time investors. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4191483 | |||
| XXXXX | XXXXX | 9166087 | D | B | D | B | A | A | A | A | Closed | FCRE1440 | 2025-05-20 21:13 | 2025-05-21 15:12 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Client exception in regards to a verified 12 month housing history. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-05/21/2025 Open-Housing History Does Not Meet Guideline Requirements Per guides, first-time investors are permitted with a verified 12-month housing payment history. The borrower provided a rent-free letter. A 12-month housing history was required and missing from the loan file. Lender exception email in file. - Due Diligence Vendor-05/21/2025 |
Waived-Client exception in regards to a verified 12 month housing history. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-05/21/2025 |
DSCR % greater than 1.20 - DSCR % is 1.539 Months Reserves exceed minimum required - Borrower verified 21.89 months of PITIA reserves, 12 months minimum reserves required for first-time investors. |
LTV is very low at 49.565% DSCR is well over 1% at 1.5386234 Reserves is over the required 12 months - borrower has 20 months. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4199395 | ||
| XXXXX | XXXXX | 9166111 | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2025-05-21 08:08 | 2025-05-22 08:35 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Client exception granted to allow DSCR first time investor purchase with no prior housing history and is a first time homebuyer. Non-material waiver applied with comp factors. Deemed non-material due to First Time Home buyer living with Husband rent free and strong comp factors . - Due Diligence Vendor-05/22/2025 Open-Housing History Does Not Meet Guideline Requirements The Borrower is a First Time Home buyer living with Husband rent free. Borrower has no prior housing history reporting on credit and no prior home ownership. Transaction is a DSCR purchase first time investor requires 12 month verified housing payment history. - Due Diligence Vendor-05/21/2025 |
Waived-Client exception granted to allow DSCR first time investor purchase with no prior housing history and is a first time homebuyer. Non-material waiver applied with comp factors. Deemed non-material due to First Time Home buyer living with Husband rent free and strong comp factors . - Due Diligence Vendor-05/22/2025 |
Months Reserves exceed minimum required - The Borrower has 21.47 month reserves with 12 required Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 754; guideline minimum is 700. LTV is less than guideline maximum - 70% < 75% max allowed |
LTV 10% under max (actual 5% under) FICO 54 points over minimum |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4201740 | ||
| XXXXX | XXXXX | 9156963 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9125131 | D | A | D | A | A | A | A | A | Closed | FCRE6019 | 2025-05-20 10:47 | 2025-05-23 11:57 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Received citizenship documentation. - Due Diligence Vendor-05/23/2025 Ready for Review-Document Uploaded. ID DOCS - Buyer-05/22/2025 Open-Borrower Citizenship Documentation Is Missing - Due Diligence Vendor-05/21/2025 |
Resolved-Received citizenship documentation. - Due Diligence Vendor-05/23/2025 |
LTV is less than guideline maximum - Maximum LTV is 80%, loan is 70% Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 763 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4191179 | ||
| XXXXX | XXXXX | 9166067 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9130205 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-22 14:13 | 2025-05-28 09:54 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calc /1008. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. Please see 1008 addendum. - Buyer-05/27/2025 Open-The DSCR Calculation from lender is Missing. Missing lender's DSCR Calculation Worksheet or 1008 showing calculation. - Due Diligence Vendor-05/22/2025 |
Resolved-Received DSCR calc /1008. - Due Diligence Vendor-05/28/2025 |
Months Reserves exceed minimum required - Reserves: 104 Min 3 Qualifying FICO score is at least 20 points above minimum for program - FICO: 768 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4218014 | ||
| XXXXX | XXXXX | 9166094 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-22 09:03 | 2025-05-28 12:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. DSCR WS - Buyer-05/27/2025 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-05/22/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-05/28/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 29.95 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 796 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4213333 | ||
| XXXXX | XXXXX | 9173495 | D | A | D | A | A | A | A | A | Closed | FCRE1254 | 2025-05-28 11:41 | 2025-06-16 14:47 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received confirmation from Title all addressed/removed. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. Please see attached email explanation for the items and the documents he sent in correlation to his responses. - Seller-06/13/2025 Counter-Marked up Abstract was not attached. - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. Supporting docs from title - Seller-06/09/2025 Counter-Received survey-insufficient-original finding remains. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. Supporting Docs Uploaded - Seller-06/02/2025 Open-Received title. However, missing documentation to support Line item 8,9,10,11. Confirm if any agreement exist to support building restriction and projection of walkway. Appraisal does not indicate subject located in a PUD. Additional conditions may apply. - Due Diligence Vendor-05/28/2025 |
Ready for Review-Document Uploaded. Please see attached email explanation for the items and the documents he sent in correlation to his responses. - Seller-06/13/2025 Ready for Review-Document Uploaded. Supporting docs from title - Seller-06/09/2025 Ready for Review-Document Uploaded. Supporting Docs Uploaded - Seller-06/02/2025 |
Resolved-Received confirmation from Title all addressed/removed. - Due Diligence Vendor-06/16/2025 |
Months Reserves exceed minimum required - 255 mths reserves; 3 mths required. Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 767; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4257316 | |
| XXXXX | XXXXX | 9173495 | D | A | D | A | A | A | A | A | Closed | FCRE1151 | 2025-05-28 11:35 | 2025-06-04 16:02 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Received chain of title. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. Supporting Docs Uploaded - Seller-06/02/2025 Open-Received title, however missing 24 month chain of title. - Due Diligence Vendor-05/28/2025 |
Ready for Review-Document Uploaded. Supporting Docs Uploaded - Seller-06/02/2025 |
Resolved-Received chain of title. - Due Diligence Vendor-06/04/2025 |
Months Reserves exceed minimum required - 255 mths reserves; 3 mths required. Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 767; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4257204 | |
| XXXXX | XXXXX | 9173495 | D | A | D | A | A | A | A | A | Closed | FCRE0109 | 2025-05-22 10:39 | 2025-05-28 12:27 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Received un-expired D/L meet guideline requirement. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. XXXXX- Seller-05/27/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. - Due Diligence Vendor-05/22/2025 |
Ready for Review-Document Uploaded. XXXXX- Seller-05/27/2025 |
Resolved-Received un-expired D/L meet guideline requirement. - Due Diligence Vendor-05/28/2025 |
Months Reserves exceed minimum required - 255 mths reserves; 3 mths required. Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 767; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4214654 | |
| XXXXX | XXXXX | 9173495 | D | A | D | A | A | A | A | A | Closed | FCRE1145 | 2025-05-22 09:48 | 2025-05-28 11:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document Missing | Resolved-Title Document is fully Present - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. Revised Commitment - Seller-05/27/2025 Open-Title Document is missing Missing Title. - Due Diligence Vendor-05/22/2025 |
Ready for Review-Document Uploaded. Revised Commitment - Seller-05/27/2025 |
Resolved-Title Document is fully Present - Due Diligence Vendor-05/28/2025 |
Months Reserves exceed minimum required - 255 mths reserves; 3 mths required. Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 767; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4213851 | |
| XXXXX | XXXXX | 9173495 | D | A | D | A | A | A | A | A | Closed | FCRE1510 | 2025-05-21 11:47 | 2025-05-28 11:32 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received legal description. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. legal - Seller-05/27/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing full legal description. - Due Diligence Vendor-05/21/2025 |
Ready for Review-Document Uploaded. legal - Seller-05/27/2025 |
Resolved-Received legal description. - Due Diligence Vendor-05/28/2025 |
Months Reserves exceed minimum required - 255 mths reserves; 3 mths required. Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 767; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4205153 | |
| XXXXX | XXXXX | 9119034 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-05-21 11:19 | 2025-05-28 13:13 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-05/23/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Legal is missing - Due Diligence Vendor-05/21/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-05/28/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 8.93 months Long term residence - Borrower has lived at primary for 7 years and 4 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4204596 | ||
| XXXXX | XXXXX | 9134569 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-22 11:19 | 2025-05-28 12:44 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. DSCR - Buyer-05/27/2025 Open-The DSCR Calculation from lender is Missing. Missing DSCR calculation - Due Diligence Vendor-05/22/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-05/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 745 FICO, 700 required Months Reserves exceed minimum required - 24 months reserves documented, 3 months required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4215436 | ||
| XXXXX | XXXXX | 9166080 | C | B | C | B | A | A | A | A | Closed | FCRE8702 | 2025-05-23 07:55 | 2025-05-23 10:17 | Waived | 2 - Non-Material | C | B | Credit | Borrower | Business Entity Formation Document is Incomplete | Waived-The subject is vested in a layered entity. Although the file contains evidence of good standing for the vested entity, evidence of good standing for the two LLC's within the structure is missing and required. Client exception provided and in file. Waiver applied with comp factors. Exception deemed non-material due to non ATR loan and strong compensating factors. - Due Diligence Vendor-05/23/2025 |
Waived-The subject is vested in a layered entity. Although the file contains evidence of good standing for the vested entity, evidence of good standing for the two LLC's within the structure is missing and required. Client exception provided and in file. Waiver applied with comp factors. Exception deemed non-material due to non ATR loan and strong compensating factors. - Due Diligence Vendor-05/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 766 qualifying FICO score, 700 minimum score required. LTV is less than guideline maximum - 70% LTV ratio, 75% maximum allowed. |
Score is 766 Reserves exceed 12 mo's. DSCR > 1 Credit history 0x30x47 LTV at 70% |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4225634 | ||
| XXXXX | XXXXX | 9166128 | C | B | C | B | A | A | A | A | Closed | FCRE0095 | 2025-05-23 07:32 | 2025-07-23 08:50 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Short Term Rental Income does not meet guidelines | Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-05/23/2025 Open-Missing 12 month lookback for Short Term Rental as required by guidelines; exception approved by XXXXX - Due Diligence Vendor-05/23/2025 |
Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-05/23/2025 |
LTV is less than guideline maximum - LTV: 45.54% Max 70 (5% LTV Reduction) Qualifying FICO score is at least 20 points above minimum for program - FICO: 724 Min 700 Months Reserves exceed minimum required - Reserves: 69 Min 3 |
LTV: 45.54% Max 70 FICO: 724 Min 700 Reserves: 69 Min 3 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4225441 | ||
| XXXXX | XXXXX | 9166128 | C | B | C | B | A | A | A | A | Closed | FCRE0116 | 2025-05-23 08:04 | 2025-06-05 10:28 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Warrantability Documentation | Resolved-Correct Condo Warranty Form provided - Due Diligence Vendor-06/05/2025 Ready for Review-Document Uploaded. Correct Condo Warranty Form - Seller-06/04/2025 Counter-Received warranty as limited review-subject is located in project that allows short term rental and not eligible for limited review. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/29/2025 Counter-Documentation received is insufficient-provide UW attestation of condo warranty - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. supporting docs - Seller-05/27/2025 Open-Missing Warrantability Documentation. Missing documentation to support condo project warrantability, lender documents do not give any indication of warrantability; project review or approved exception not found. - Due Diligence Vendor-05/23/2025 |
Ready for Review-Document Uploaded. Correct Condo Warranty Form - Seller-06/04/2025 Ready for Review-Document Uploaded. supporting docs - Seller-05/27/2025 |
Resolved-Correct Condo Warranty Form provided - Due Diligence Vendor-06/05/2025 |
LTV is less than guideline maximum - LTV: 45.54% Max 70 (5% LTV Reduction) Qualifying FICO score is at least 20 points above minimum for program - FICO: 724 Min 700 Months Reserves exceed minimum required - Reserves: 69 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4225719 | |
| XXXXX | XXXXX | 9166128 | C | B | C | B | A | A | A | A | Closed | FCRE6618 | 2025-05-23 07:02 | 2025-06-04 11:09 | Resolved | 1 - Information | C | A | Credit | Borrower | Borrower information on 1003 is incomplete | Resolved-Received complete corrected 1003. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/02/2025 Counter-Received incomplete 1003-declarations incomplete. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. Supporting docs - Buyer-05/29/2025 Counter-Documentation received is insufficient-original finding remains. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. supporting docs - Seller-05/27/2025 Open- Loan application is incomplete in that Section 3 Schedule of Real Estate Owned is missing property owned by borrower with any applicable mortgage creditors including subject being refinanced. Citizenship section missing/not completed. - Due Diligence Vendor-05/23/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-05/27/2025 |
Resolved-Received complete corrected 1003. - Due Diligence Vendor-06/04/2025 |
LTV is less than guideline maximum - LTV: 45.54% Max 70 (5% LTV Reduction) Qualifying FICO score is at least 20 points above minimum for program - FICO: 724 Min 700 Months Reserves exceed minimum required - Reserves: 69 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4225103 | |
| XXXXX | XXXXX | 9166128 | C | B | C | B | A | A | A | A | Closed | FCRE0113 | 2025-05-23 07:44 | 2025-05-28 13:06 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property/Appraisal General (Credit) | Resolved-Received complete appraisal report. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/27/2025 Open-Appraisal report is incomplete/missing pages in that the bottom of several pages is cut off during imaging and, therefore, missing critical review data including, but not limited to date of review, value. - Due Diligence Vendor-05/23/2025 |
Resolved-Received complete appraisal report. - Due Diligence Vendor-05/28/2025 |
LTV is less than guideline maximum - LTV: 45.54% Max 70 (5% LTV Reduction) Qualifying FICO score is at least 20 points above minimum for program - FICO: 724 Min 700 Months Reserves exceed minimum required - Reserves: 69 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4225552 | ||
| XXXXX | XXXXX | 9166128 | C | B | C | B | A | A | A | A | Closed | FCRE1183 | 2025-05-23 08:08 | 2025-05-28 13:02 | Resolved | 1 - Information | B | A | Credit | Missing Doc | Approval/Underwriting Summary Partially Provided | Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/27/2025 Open-Approval/Underwriting Summary Partially Provided Missing complete Underwriting Transmittal Summary form 1008; document is cut off at bottom. - Due Diligence Vendor-05/23/2025 |
Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-05/28/2025 |
LTV is less than guideline maximum - LTV: 45.54% Max 70 (5% LTV Reduction) Qualifying FICO score is at least 20 points above minimum for program - FICO: 724 Min 700 Months Reserves exceed minimum required - Reserves: 69 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4225751 | ||
| XXXXX | XXXXX | 9166128 | C | B | C | B | A | A | A | A | Closed | FCRE1151 | 2025-05-23 07:26 | 2025-05-28 13:01 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Received chain of title documents. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. supporting docs - Seller-05/27/2025 Open-Unsatisfactory Chain of Title provided. Missing required 24 Month Chain of Title - Due Diligence Vendor-05/23/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-05/27/2025 |
Resolved-Received chain of title documents. - Due Diligence Vendor-05/28/2025 |
LTV is less than guideline maximum - LTV: 45.54% Max 70 (5% LTV Reduction) Qualifying FICO score is at least 20 points above minimum for program - FICO: 724 Min 700 Months Reserves exceed minimum required - Reserves: 69 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4225398 | |
| XXXXX | XXXXX | 9166104 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-05-22 09:53 | 2025-06-02 13:03 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. Legal Description on Page 32. - Buyer-05/29/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing legal description "Exhibit A" attached DOT. - Due Diligence Vendor-05/22/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/02/2025 |
Months Reserves exceed minimum required - Guidelines require 3 months of reserves. Qualifying reserves are 62 months. Qualifying FICO score is at least 20 points above minimum for program - Guidelines require 700 credit score. Qualifying credit score is 743. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4213933 | ||
| XXXXX | XXXXX | 9173464 | D | A | D | A | A | A | A | A | Closed | FCRE0082 | 2025-05-23 18:27 | 2025-06-02 10:14 | Resolved | 1 - Information | C | A | Credit | Title | Vested Owner Signature Requirement Not met | Resolved-LLC docs provided. - Due Diligence Vendor-06/02/2025 Open-Vested Owner Signature Requirement Not met. The subject is currently vested in an entity. The entity's Certificate of Formation and Operating Agreement are missing. The documentation is necessary to verify proper transfer of ownership as well as verify the borrower has no ownership in the subject property. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. XXXXX Docs. - Buyer-05/29/2025 |
Resolved-LLC docs provided. - Due Diligence Vendor-06/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 743 qualifying FICO score, 700 minimum score required. Months Reserves exceed minimum required - Borrower verified 69.96 months of PITIA reserves, 3 months minimum required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4235865 | ||
| XXXXX | XXXXX | 9173464 | D | A | D | A | A | A | A | A | Closed | FCRE3653 | 2025-05-23 18:39 | 2025-06-02 10:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing letter of explanation | Resolved-After further review, the program does not require and LOX on addresses. - Due Diligence Vendor-06/02/2025 Open-Address variances reported on the credit report and fraud report covering the past 24 months require a letter of explanation. - Due Diligence Vendor-06/02/2025 |
Resolved-After further review, the program does not require and LOX on addresses. - Due Diligence Vendor-06/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 743 qualifying FICO score, 700 minimum score required. Months Reserves exceed minimum required - Borrower verified 69.96 months of PITIA reserves, 3 months minimum required. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4235927 | |||
| XXXXX | XXXXX | 9173464 | D | A | D | A | A | A | A | A | Closed | FCRE1510 | 2025-05-23 18:09 | 2025-06-02 10:10 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Legal description provided. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. Legal Description on Page 30. - Buyer-05/29/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. The legal description is not attached to the mortgage. - Due Diligence Vendor-05/23/2025 |
Resolved-Legal description provided. - Due Diligence Vendor-06/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 743 qualifying FICO score, 700 minimum score required. Months Reserves exceed minimum required - Borrower verified 69.96 months of PITIA reserves, 3 months minimum required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4235727 | ||
| XXXXX | XXXXX | 9130201 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2025-05-23 17:16 | 2025-06-05 10:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received attestation from originator confirm NB did not execute personal guaranty - Due Diligence Vendor-06/05/2025 Ready for Review-Document Uploaded. Attestation letter - Buyer-06/04/2025 Counter-Received guaranty from additional party. All individuals who sign guaranty must provide application and credit for consideration. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. Document Uploaded. Guaranty Agreement - Buyer-05/29/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Missing'. Missing fully executed Personal Guaranty for Investment property loans closing in an LLC. - Due Diligence Vendor-05/23/2025 |
Resolved-Received attestation from originator confirm NB did not execute personal guaranty - Due Diligence Vendor-06/05/2025 |
Long term residence - 16 years at current residence LTV is less than guideline maximum - LTV: 64.43% Max 75% Qualifying FICO score is at least 20 points above minimum for program - FICO: 753 Min 700 DSCR % greater than 1.20 - DSCR: 1.369 Min 1 Months Reserves exceed minimum required - Reserves: 114 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4235319 | ||
| XXXXX | XXXXX | 9146928 | D | A | D | A | A | A | A | A | Closed | FCRE1201 | 2025-05-27 10:38 | 2025-06-03 15:18 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Received Third Party Fraud Report. - Due Diligence Vendor-06/03/2025 Ready for Review-Document Uploaded. SUPPORTING DOCS - Buyer-06/02/2025 Open-Missing Third Party Fraud Report - Due Diligence Vendor-05/27/2025 |
Resolved-Received Third Party Fraud Report. - Due Diligence Vendor-06/03/2025 |
LTV is less than guideline maximum - Max 80%, actual 29.14% DSCR % greater than 1.20 - Actual 1.258 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4243399 | ||
| XXXXX | XXXXX | 9146928 | D | A | D | A | A | A | A | A | Closed | FCRE1498 | 2025-05-27 11:09 | 2025-05-30 15:52 | Resolved | 1 - Information | C | A | Credit | Eligibility | Borrower Rental Experience Insufficient per Guidelines (DSCR) | Resolved-After further review, the lender guides require proof of management of property. 12-month lease provided indicates the borrower is the landlord. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. supporting docs - Seller-05/28/2025 Open-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Documentation to support property management history for a minimum of 1 year within the last 3 years is required. Initial 1003 indicates a mtg on property 3c and mtg on credit report; however, no documentation provided the borrower is the owner of property. - Due Diligence Vendor-05/27/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-05/28/2025 |
Resolved-After further review, the lender guides require proof of management of property. 12-month lease provided indicates the borrower is the landlord. - Due Diligence Vendor-05/30/2025 |
LTV is less than guideline maximum - Max 80%, actual 29.14% DSCR % greater than 1.20 - Actual 1.258 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4244013 | |
| XXXXX | XXXXX | 9146928 | D | A | D | A | A | A | A | A | Closed | FCRE8013 | 2025-05-27 10:31 | 2025-05-30 11:34 | Resolved | 1 - Information | C | A | Credit | Eligibility | Purchase Contract Issue | Resolved-1031 exchange docs provided. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/30/2025 Counter-Received extension and purchase contract. Missing 1031 exchange noted on purchase contract. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. supporting docs - Seller-05/28/2025 Open-Loan Purpose is Purchase but Purchase Contract is only Partially Provided. Only the extension dates to the contract of sale were provided. Missing contract of sale in loan file - Due Diligence Vendor-05/27/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-05/28/2025 |
Resolved-1031 exchange docs provided. - Due Diligence Vendor-05/30/2025 |
LTV is less than guideline maximum - Max 80%, actual 29.14% DSCR % greater than 1.20 - Actual 1.258 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4243274 | |
| XXXXX | XXXXX | 9146928 | D | A | D | A | A | A | A | A | Closed | FCRE1198 | 2025-05-27 10:46 | 2025-05-29 15:15 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received assets and sufficient reserves. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/28/2025 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) Missing assets from loan file - Due Diligence Vendor-05/27/2025 |
Resolved-Received assets and sufficient reserves. - Due Diligence Vendor-05/29/2025 |
LTV is less than guideline maximum - Max 80%, actual 29.14% DSCR % greater than 1.20 - Actual 1.258 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4243532 | ||
| XXXXX | XXXXX | 9146928 | D | A | D | A | A | A | A | A | Closed | FCRE0070 | 2025-05-27 11:40 | 2025-05-29 15:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Received 1008 - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. 1008 - Seller-05/28/2025 Open-Missing Approval/Underwriting Summary Missing 1008 - Due Diligence Vendor-05/27/2025 |
Ready for Review-Document Uploaded. 1008 - Seller-05/28/2025 |
Resolved-Received 1008 - Due Diligence Vendor-05/29/2025 |
LTV is less than guideline maximum - Max 80%, actual 29.14% DSCR % greater than 1.20 - Actual 1.258 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4244656 | |
| XXXXX | XXXXX | 9146928 | D | A | D | A | A | A | A | A | Closed | FCRE9501 | 2025-05-27 10:39 | 2025-05-29 15:14 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Total Qualified Assets Post-Close are greater than $0. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/28/2025 Open-Total Qualified Assets Post-Close amount is '$-514442.02'. Assets are Insufficient. Missing verification of 1031 Exchange Funds - Due Diligence Vendor-05/27/2025 |
Resolved-Total Qualified Assets Post-Close are greater than $0. - Due Diligence Vendor-05/29/2025 |
LTV is less than guideline maximum - Max 80%, actual 29.14% DSCR % greater than 1.20 - Actual 1.258 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4243414 | ||
| XXXXX | XXXXX | 9146928 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-27 11:42 | 2025-05-29 15:05 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. DSCR - Buyer-05/28/2025 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-05/27/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-05/29/2025 |
LTV is less than guideline maximum - Max 80%, actual 29.14% DSCR % greater than 1.20 - Actual 1.258 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4244674 | ||
| XXXXX | XXXXX | 9166097 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2025-05-27 11:17 | 2025-06-25 12:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received confirmation of previous mortgage rating reflecting on credit report-completing 12 months validation of housing history. - Due Diligence Vendor-06/25/2025 Ready for Review-Document Uploaded. the credit report lines up with the VOR.. The borrower sold their primary residence in XXXXX (when they started renting) the mortgage is listed on their credit report. - Seller-06/24/2025 Open-Housing History Does Not Meet Guideline Requirements Missing full 12 month Verification of Primary housing expense. Verification of Rent is from XXXXX which is less than 12 months; prior address not on loan application (non-traditional form). - Due Diligence Vendor-05/27/2025 |
Ready for Review-Document Uploaded. the credit report lines up with the VOR.. The borrower sold their primary residence in XXXXX (when they started renting) the mortgage is listed on their credit report. - Seller-06/24/2025 |
Resolved-Received confirmation of previous mortgage rating reflecting on credit report-completing 12 months validation of housing history. - Due Diligence Vendor-06/25/2025 |
DSCR % greater than 1.20 - DSCR: 1.323 Min 1 Months Reserves exceed minimum required - Reserves: 149 Min 12 Qualifying FICO score is at least 20 points above minimum for program - FICO: 755 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4244249 | |
| XXXXX | XXXXX | 9166097 | C | A | C | A | A | A | A | A | Closed | FCRE8701 | 2025-05-27 10:53 | 2025-06-20 12:01 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-Receive business documentation - Due Diligence Vendor-06/20/2025 Ready for Review-Document Uploaded. Supporting docs - Buyer-06/18/2025 Open-The Business Entity Formation Document is Missing Missing LLC Formation documentation and EIN. - Due Diligence Vendor-05/27/2025 |
Resolved-Receive business documentation - Due Diligence Vendor-06/20/2025 |
DSCR % greater than 1.20 - DSCR: 1.323 Min 1 Months Reserves exceed minimum required - Reserves: 149 Min 12 Qualifying FICO score is at least 20 points above minimum for program - FICO: 755 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4243645 | ||
| XXXXX | XXXXX | 9166097 | C | A | C | A | A | A | A | A | Closed | FCRE6618 | 2025-05-27 11:17 | 2025-06-03 12:36 | Resolved | 1 - Information | C | A | Credit | Borrower | Borrower information on 1003 is incomplete | Resolved-Upon further review, REO list in file. - Due Diligence Vendor-06/03/2025 Ready for Review-Document Uploaded. REO PDRs - Buyer-06/02/2025 Open-Loan application is incomplete as eResi requires borrower list all investment properties with corresponding mortgage obligation, as applicable. Lender REO worksheet does not state or confirm if any of the properties are either mortgages, free/clear or financed with lender, aggregate exposure unknown - Due Diligence Vendor-05/27/2025 |
Resolved-Upon further review, REO list in file. - Due Diligence Vendor-06/03/2025 |
DSCR % greater than 1.20 - DSCR: 1.323 Min 1 Months Reserves exceed minimum required - Reserves: 149 Min 12 Qualifying FICO score is at least 20 points above minimum for program - FICO: 755 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4244262 | ||
| XXXXX | XXXXX | 9166097 | C | A | C | A | A | A | A | A | Closed | FCRE0109 | 2025-05-27 11:40 | 2025-06-03 12:19 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Received photo ID for both borrowers. - Due Diligence Vendor-06/03/2025 Ready for Review-Document Uploaded. B2 ID located page 369 of initial loan file - Buyer-06/02/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Missing U.S. Patriot Act Disclosure for both borrowers; Loan file only contains Driver's License for B1; Note has 2 borrowers. - Due Diligence Vendor-05/27/2025 |
Resolved-Received photo ID for both borrowers. - Due Diligence Vendor-06/03/2025 |
DSCR % greater than 1.20 - DSCR: 1.323 Min 1 Months Reserves exceed minimum required - Reserves: 149 Min 12 Qualifying FICO score is at least 20 points above minimum for program - FICO: 755 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4244654 | ||
| XXXXX | XXXXX | 9166106 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2025-05-27 15:48 | 2025-06-02 16:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-The Guaranty Agreement is signed as a guarantor with no reference tot he entity. - Due Diligence Vendor-06/02/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Partial'. Borrower signed guaranty as guarantor and not an individual. - Due Diligence Vendor-05/27/2025 |
Resolved-The Guaranty Agreement is signed as a guarantor with no reference tot he entity. - Due Diligence Vendor-06/02/2025 |
Months Reserves exceed minimum required - Reserves: 112 Min 3 DSCR % greater than 1.20 - DSCR: 1.550 Min 1 LTV is less than guideline maximum - LTV: 65 Max 75 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4248730 | |||
| XXXXX | XXXXX | 9166106 | D | A | D | A | A | A | A | A | Closed | FCRE0109 | 2025-05-27 15:23 | 2025-06-02 16:48 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Drivers license provided. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. DL - Buyer-06/02/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Missing completed and signed US Patriot Act Disclosure - Due Diligence Vendor-05/27/2025 |
Resolved-Drivers license provided. - Due Diligence Vendor-06/02/2025 |
Months Reserves exceed minimum required - Reserves: 112 Min 3 DSCR % greater than 1.20 - DSCR: 1.550 Min 1 LTV is less than guideline maximum - LTV: 65 Max 75 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4248348 | ||
| XXXXX | XXXXX | 9166107 | D | A | D | A | A | A | A | A | Closed | FCRE8887 | 2025-05-27 12:32 | 2025-06-03 14:09 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-Received application. - Due Diligence Vendor-06/03/2025 Ready for Review-Document Uploaded. Loan App (XXXXX). Final application not required for business purpose loans. - Seller-06/02/2025 Open-The final loan application is missing. The loan file is also missing the initial loan application. - Due Diligence Vendor-05/27/2025 |
Ready for Review-Document Uploaded. Loan App (XXXXX). Final application not required for business purpose loans. - Seller-06/02/2025 |
Resolved-Received application. - Due Diligence Vendor-06/03/2025 |
Months Reserves exceed minimum required - Borrower verified 24.77 months of PITIA reserves, 12 months minimum reserves required for First-Time Investors. On time mortgage history exceeds guideline requirement - The borrower's current mortgage history is 0x30 x38 months, up to 1x30 x12 months was allowed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4245575 | |
| XXXXX | XXXXX | 9166107 | D | A | D | A | A | A | A | A | Closed | FCRE8702 | 2025-05-27 11:38 | 2025-05-30 14:20 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received business entity documentation. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. Supporting docs - Buyer-05/28/2025 Open-The Business Entity Formation Document is incomplete Subject is being vested in an LLC. The following documentation is required and missing from the loan file: Entity Articles of Organization, Partnership, and Operating Agreements as required. - Due Diligence Vendor-05/27/2025 |
Resolved-Received business entity documentation. - Due Diligence Vendor-05/30/2025 |
Months Reserves exceed minimum required - Borrower verified 24.77 months of PITIA reserves, 12 months minimum reserves required for First-Time Investors. On time mortgage history exceeds guideline requirement - The borrower's current mortgage history is 0x30 x38 months, up to 1x30 x12 months was allowed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4244618 | ||
| XXXXX | XXXXX | 9166107 | D | A | D | A | A | A | A | A | Closed | FCRE0120 | 2025-05-27 12:18 | 2025-05-30 14:19 | Resolved | 1 - Information | C | A | Credit | Eligibility | PPP rider was not provided | Resolved-Upon further review, the loan file contained all required prepayment documentation. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. PP rider response - Seller-05/28/2025 Open-PPP rider was not provided. The loan file is missing the prepayment rider to the Deed of Trust. - Due Diligence Vendor-05/27/2025 |
Ready for Review-Document Uploaded. PP rider response - Seller-05/28/2025 |
Resolved-Upon further review, the loan file contained all required prepayment documentation. - Due Diligence Vendor-05/30/2025 |
Months Reserves exceed minimum required - Borrower verified 24.77 months of PITIA reserves, 12 months minimum reserves required for First-Time Investors. On time mortgage history exceeds guideline requirement - The borrower's current mortgage history is 0x30 x38 months, up to 1x30 x12 months was allowed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4245304 | |
| XXXXX | XXXXX | 9166107 | D | A | D | A | A | A | A | A | Closed | FCRE0112 | 2025-05-27 12:18 | 2025-05-30 14:19 | Resolved | 1 - Information | C | A | Credit | Eligibility | Approval/Underwriting Summary Not Provided_3 | Resolved-Received 1008 - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. Supporting doc - Seller-05/28/2025 Open-Approval/Underwriting Summary Not Provided. The Underwriting Summary (1008) is missing from the loan file. - Due Diligence Vendor-05/27/2025 |
Ready for Review-Document Uploaded. Supporting doc - Seller-05/28/2025 |
Resolved-Received 1008 - Due Diligence Vendor-05/30/2025 |
Months Reserves exceed minimum required - Borrower verified 24.77 months of PITIA reserves, 12 months minimum reserves required for First-Time Investors. On time mortgage history exceeds guideline requirement - The borrower's current mortgage history is 0x30 x38 months, up to 1x30 x12 months was allowed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4245303 | |
| XXXXX | XXXXX | 9166107 | D | A | D | A | A | A | A | A | Closed | FCRE7000 | 2025-05-22 14:45 | 2025-05-30 14:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Required forms/disclosures missing | Resolved-Upon further review, the loan file contained all required escrow documentation. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-05/28/2025 Open-Missing IEAD for taxes and missing escrow waiver for hazard - Due Diligence Vendor-05/22/2025 |
Resolved-Upon further review, the loan file contained all required escrow documentation. - Due Diligence Vendor-05/30/2025 |
Months Reserves exceed minimum required - Borrower verified 24.77 months of PITIA reserves, 12 months minimum reserves required for First-Time Investors. On time mortgage history exceeds guideline requirement - The borrower's current mortgage history is 0x30 x38 months, up to 1x30 x12 months was allowed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4218495 | ||
| XXXXX | XXXXX | 9213115 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9213135 | C | A | C | A | A | A | A | A | Closed | FCRE8201 | 2025-05-27 11:03 | 2025-05-28 17:13 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan does not conform to program guidelines | Resolved-After further review, the gift is coming from the borrower's mother who has no ownership in the subject property. - Due Diligence Vendor-05/28/2025 Open-Gift of equity only allowed for primary home purchase, subject is investment. - Due Diligence Vendor-05/27/2025 |
Resolved-After further review, the gift is coming from the borrower's mother who has no ownership in the subject property. - Due Diligence Vendor-05/28/2025 |
DSCR % greater than 1.20 - 1.27 Qualifying FICO score is at least 20 points above minimum for program - 679 > 640 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4243873 | |||
| XXXXX | XXXXX | 9213144 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9213143 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9213169 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9134570 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9156989 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-27 09:48 | 2025-06-05 09:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR Calculation was received. - Due Diligence Vendor-06/05/2025 Ready for Review-Document Uploaded. DSCR calc - Buyer-06/04/2025 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-05/27/2025 |
Resolved-DSCR Calculation was received. - Due Diligence Vendor-06/05/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 788 Long term residence - Borrower has lived in current residence for 5 years and 6 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4242626 | ||
| XXXXX | XXXXX | 9146934 | D | A | D | A | A | A | A | A | Closed | FCRE0115 | 2025-05-27 09:17 | 2025-06-16 13:43 | Resolved | 1 - Information | C | A | Credit | Eligibility | FEMA disaster declared within 120 days of Note (Credit) | Resolved-FEMA comments from appraiser was provided. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. Attached is updated appraisal – see page 23 of appraisal pdf where appraiser Comments arE - Buyer-06/16/2025 Open-XXXXX-Individual assistance - Due Diligence Vendor-05/27/2025 |
Resolved-FEMA comments from appraiser was provided. - Due Diligence Vendor-06/16/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 758 FICO, 700 required Months Reserves exceed minimum required - 32 months reserves documented, 3 months required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4242274 | ||
| XXXXX | XXXXX | 9146934 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-27 10:43 | 2025-05-27 17:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR Calculation was located. - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. DSCR worksheet uploaded - Buyer-05/27/2025 Open-The DSCR Calculation from lender is Missing. · DSCR calculations must be in the loan file from the Seller. - Due Diligence Vendor-05/27/2025 |
Resolved-DSCR Calculation was located. - Due Diligence Vendor-05/27/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 758 FICO, 700 required Months Reserves exceed minimum required - 32 months reserves documented, 3 months required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4243482 | ||
| XXXXX | XXXXX | 9166088 | D | A | D | A | A | A | A | A | Closed | FCRE1161 | 2025-05-27 12:37 | 2025-05-29 14:13 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Missing | Resolved-Received flood cert. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/28/2025 Open-Missing Flood Certificate Missing Flood Cert - Due Diligence Vendor-05/27/2025 |
Resolved-Received flood cert. - Due Diligence Vendor-05/29/2025 |
Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 809; guideline minimum is 700. Months Reserves exceed minimum required - 80 mths reserves; 3 mths required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4245693 | ||
| XXXXX | XXXXX | 9166088 | D | A | D | A | A | A | A | A | Closed | FCRE0109 | 2025-05-27 12:53 | 2025-05-29 14:10 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Received disclosure. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/28/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Missing Patriot Act Disclosure. - Due Diligence Vendor-05/27/2025 |
Resolved-Received disclosure. - Due Diligence Vendor-05/29/2025 |
Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 809; guideline minimum is 700. Months Reserves exceed minimum required - 80 mths reserves; 3 mths required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4245905 | ||
| XXXXX | XXXXX | 9157005 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9162624 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9162628 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9162778 | C | A | C | A | A | A | A | A | Closed | FCRE9488 | 2025-05-29 15:58 | 2025-06-03 15:14 | Resolved | 1 - Information | C | A | Credit | Borrower | Potential Occupancy/Current Address Issues identified in the file | Resolved-Documents provided from insurance indicating the fair rental value is to cover living expenses while repairs are made. - Due Diligence Vendor-06/03/2025 Ready for Review-Document Uploaded. Please see attached RCE - Seller-06/03/2025 Ready for Review-Document Uploaded. As per the attached screenshot XXXXX can also include it for owner-occupied homes. - Buyer-06/03/2025 Ready for Review-as per the attached verbiage , the limit of liability of this structure Coverage A is based on an estimate to rebuild your home, so in that case the RCE is not required. Please review and advise, - Buyer-06/03/2025 Ready for Review-Document Uploaded. Please see attached - Seller-06/03/2025 Counter-Reviewer unable to open/view attachment. Per the XXXXX plan website "Your policy may include Fair Rental Value (FRV) coverage, which is the reasonable amount your property could have been rented for before the loss occurred" This is applicable to rental properties only. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. Document Uploaded. all XXXXX policies have this verbiage and ALL have Fair value, Please see attached screenshot from the Policy. Also the verbiage for rental value.. they have that on all O/O policies. appears to be coverage for expenses . - Buyer-05/29/2025 Ready for Review-Document Uploaded. all XXXXX policies have this verbiage and ALL have Fair value, Please see attached screenshot from the Policy. - Seller-05/29/2025 Open-HOI policy provided includes Fair rental value, subject is a primary residence. - Due Diligence Vendor-05/29/2025 |
Ready for Review-Document Uploaded. Please see attached RCE - Seller-06/03/2025 Ready for Review-Document Uploaded. Please see attached - Seller-06/03/2025 Ready for Review-Document Uploaded. all XXXXX policies have this verbiage and ALL have Fair value, Please see attached screenshot from the Policy. - Seller-05/29/2025 |
Resolved-Documents provided from insurance indicating the fair rental value is to cover living expenses while repairs are made. - Due Diligence Vendor-06/03/2025 |
Months Reserves exceed minimum required - 17 months PITIA reserves; 6 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 746; minimum required 680. |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4274837 | |
| XXXXX | XXXXX | 9162778 | C | A | C | A | A | A | A | A | Closed | FCRE7009 | 2025-05-29 10:27 | 2025-06-03 15:12 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Replacement cost estimate provided. - Due Diligence Vendor-06/03/2025 Ready for Review-Document Uploaded. Please see attached RCE - Seller-06/03/2025 Ready for Review-as per the below verbiage , the limit of liability of this structure Coverage A is based on an estimate to rebuild your home, so in that case the RCE is not required. Please review and advise, - Seller-06/03/2025 Ready for Review-Document Uploaded. Please see attached - Seller-06/03/2025 Counter-Documentation received not sufficient-reviewer unable to open attachment and cannot view. The replacement cost estimator will need to be provided to ensure sufficient coverage - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. Document Uploaded. all XXXXX policies have this verbiage and ALL have Fair value, Please see attached screenshot from the Policy. Also the verbiage for rental value.. they have that on all O/O policies. appears to be coverage for expenses . - Buyer-05/29/2025 Ready for Review-Document Uploaded. all XXXXX policies have this verbiage and ALL have Fair value, Please see attached screenshot from the Policy. - Seller-05/29/2025 Open-Insufficient Coverage Amount for Insured Subject Property. Loan Amount of XXXXXis not sufficient. - Due Diligence Vendor-05/29/2025 |
Ready for Review-Document Uploaded. Please see attached RCE - Seller-06/03/2025 Ready for Review-as per the below verbiage , the limit of liability of this structure Coverage A is based on an estimate to rebuild your home, so in that case the RCE is not required. Please review and advise, - Seller-06/03/2025 Ready for Review-Document Uploaded. Please see attached - Seller-06/03/2025 Ready for Review-Document Uploaded. all XXXXX policies have this verbiage and ALL have Fair value, Please see attached screenshot from the Policy. - Seller-05/29/2025 |
Resolved-Replacement cost estimate provided. - Due Diligence Vendor-06/03/2025 |
Months Reserves exceed minimum required - 17 months PITIA reserves; 6 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 746; minimum required 680. |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4269165 | |
| XXXXX | XXXXX | 9162774 | D | B | D | B | C | A | A | A | Closed | FCRE1728 | 2025-05-28 16:08 | 2025-06-05 12:30 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Missing rent comparable schedule form 1007 | Waived-Originator waiver applied to non material finding with compensating factors. - Due Diligence Vendor-06/05/2025 Ready for Review-Document Uploaded. Please see attached revised exception for the 1007. - Seller-06/05/2025 Counter-Exception documentation received is insufficient. Must specifically state that the 1007 is waived to support the rent used on a departure residence. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-06/02/2025 Counter-Documentation insufficient-rental income considered for departing residence to meet guidelines. - Due Diligence Vendor-05/30/2025 Ready for Review-Please be advised that the departing residence is free and cleared; 1007 is not required. - Buyer-05/29/2025 Open-Missing 1007 for departing residence for verification of market rent. - Due Diligence Vendor-05/28/2025 |
Ready for Review-Document Uploaded. Please see attached revised exception for the 1007. - Seller-06/05/2025 Ready for Review-Document Uploaded. Please see attached. - Seller-06/02/2025 |
Waived-Originator waiver applied to non material finding with compensating factors. - Due Diligence Vendor-06/05/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 745, guideline minimum is 660. Credit history exceeds minimum required - Credit history exceeds 48 mo's with 0x30 |
724 fico, FICO 20 points > than program requirement Reserves > 6 months Residual Income 1.5 > than minimum |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 4261926 |
| XXXXX | XXXXX | 9162774 | D | B | D | B | C | A | A | A | Closed | FCRE1193 | 2025-05-28 16:00 | 2025-05-30 16:45 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Waived-Originator provided a waiver DTI >50% applied to non material finding with comp factors - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. Please see attached signed exception approval. - Seller-05/29/2025 Open-Audited DTI of 54.97% exceeds Guideline DTI of 50% DTI > 50% requires 2 year full doc and loan is 1 year full doc. (DTI does not meet guidelines) - Due Diligence Vendor-05/28/2025 |
Ready for Review-Document Uploaded. Please see attached signed exception approval. - Seller-05/29/2025 |
Waived-Originator provided a waiver DTI >50% applied to non material finding with comp factors - Due Diligence Vendor-05/30/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 745, guideline minimum is 660. Credit history exceeds minimum required - Credit history exceeds 48 mo's with 0x30 |
FICO 20 points > than program requirement Reserves > 6 months Residual Income 1.5 > than minimum |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 4261805 |
| XXXXX | XXXXX | 9162774 | D | B | D | B | C | A | A | A | Closed | FCRE8712 | 2025-05-28 16:07 | 2025-05-30 16:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Verification of Rent | Resolved-Upon further review, the loan file contained all required rental agreement documentation. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. Please see attached - this was in the credit pkg (page 305-306). - Buyer-05/29/2025 Open-Missing verification of departing residence damage deposit and verification of 1st months rent. - Due Diligence Vendor-05/28/2025 |
Resolved-Upon further review, the loan file contained all required rental agreement documentation. - Due Diligence Vendor-05/30/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 745, guideline minimum is 660. Credit history exceeds minimum required - Credit history exceeds 48 mo's with 0x30 |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4261919 | ||
| XXXXX | XXXXX | 9162774 | D | B | D | B | C | A | A | A | Closed | finding-3617 | 2025-05-27 09:26 | 2025-05-29 15:07 | Resolved | 1 - Information | C | A | Compliance | TRID | TRID Initial Closing Disclosure Date and Funding Date Validation Test | Resolved-Received PCCD XXXXX with correct disbursement date and final settlement statement from title company as confirmation. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. Please see attached final settlement statement showing disbursement date was on XXXXX; PCCD also attached with the correct dates. - Buyer-05/29/2025 Open-This loan failed the TRID closing disclosure date and funding date validation test.This loan contains a closing disclosure receipt date (or closing disclosure delivery date if receipt date was not provided) that is after the funding date. Please review the loan data to ensure the dates are in the correct fields. ----- Final CD shows disbursement date of XXXXX, but closing date is XXXXX. Provide evidence the loan did not disburse prior to closing. - Due Diligence Vendor-05/27/2025 |
Resolved-Received PCCD 5/29/2025 with correct disbursement date and final settlement statement from title company as confirmation. - Due Diligence Vendor-05/29/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 745, guideline minimum is 660. Credit history exceeds minimum required - Credit history exceeds 48 mo's with 0x30 |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4242367 | ||
| XXXXX | XXXXX | 9162774 | D | B | D | B | C | A | A | A | Closed | FCRE1198 | 2025-05-28 16:02 | 2025-05-28 16:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Audited Reserves of 10.97 month(s) are less than Guideline Required Reserves of 12 month(s) Deemed non material due to 1 month short. - Due Diligence Vendor-05/28/2025 | Resolved-Audited Reserves of 10.97 month(s) are less than Guideline Required Reserves of 12 month(s) Deemed non material due to 1 month short. - Due Diligence Vendor-05/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Score for grading is 745, guideline minimum is 660. Credit history exceeds minimum required - Credit history exceeds 48 mo's with 0x30 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4261839 | |||
| XXXXX | XXXXX | 9166078 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9146963 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-05-28 07:56 | 2025-05-30 13:43 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. DOT with legal - Buyer-05/29/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Exhibit A-legal description - Due Diligence Vendor-05/28/2025 |
Resolved-Received complete security instrument inclusive of legal description - Due Diligence Vendor-05/30/2025 |
Months Reserves exceed minimum required - 13.5 months reserves documented, 3 months required DSCR % greater than 1.20 - 1.32 DSCR |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4253924 | ||
| XXXXX | XXXXX | 9146936 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9173474 | D | A | D | A | A | A | A | A | Closed | FCRE1498 | 2025-05-28 09:56 | 2025-06-06 13:24 | Resolved | 1 - Information | C | A | Credit | Eligibility | Borrower Rental Experience Insufficient per Guidelines (DSCR) | Resolved-Fraud report provided, which confirms the borrower has own an investment property since XXXXX. - Due Diligence Vendor-06/06/2025 Open-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Mtg opened XXXXX with XXXXX on investment property; however, the mortgage is an XXXXX does not lend on investment properties. Since Fraud report is missing, it cannot be determined if borrower is an experienced investor for 1-3 years. Subject only owned for 10 months. - Due Diligence Vendor-05/28/2025 |
Resolved-Fraud report provided, which confirms the borrower has own an investment property since XXXXX. - Due Diligence Vendor-06/06/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Actual 1.071 Months Reserves exceed minimum required - Min 3 months, actual 40.44 months |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4255245 | |||
| XXXXX | XXXXX | 9173474 | D | A | D | A | A | A | A | A | Closed | FCRE1202 | 2025-05-28 09:29 | 2025-06-06 12:55 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Received fraud report. - Due Diligence Vendor-06/06/2025 Ready for Review-Document Uploaded. Fraud - Buyer-06/05/2025 Open-Third Party Fraud Report Partially Provided Fraud Alerts summary provided; however, the Fraud report is missing from the loan file. Subject to additional conditions. - Due Diligence Vendor-05/28/2025 |
Resolved-Received fraud report. - Due Diligence Vendor-06/06/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Actual 1.071 Months Reserves exceed minimum required - Min 3 months, actual 40.44 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4254951 | ||
| XXXXX | XXXXX | 9157012 | D | A | D | A | A | A | A | A | Closed | FCRE0700 | 2025-05-27 13:30 | 2025-06-03 14:19 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Closing Detail Statement Document is Missing | Resolved-Received final CD. - Due Diligence Vendor-06/03/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/30/2025 Open-Closing Detail Statement Document is Missing and subject property is an Investment property. MIssing CD - Due Diligence Vendor-05/28/2025 |
Resolved-Received final CD. - Due Diligence Vendor-06/03/2025 |
Months Reserves exceed minimum required - 39.18 mths reserves; 3 mths required. DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.005 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4246469 | ||
| XXXXX | XXXXX | 9157012 | D | A | D | A | A | A | A | A | Closed | FCRE0125 | 2025-05-28 12:03 | 2025-06-03 14:18 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing First Payment Letter | Resolved-Received 1st payment letter. - Due Diligence Vendor-06/03/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/30/2025 Open-Missing First payment letter. First payment letter is required - Due Diligence Vendor-05/28/2025 |
Resolved-Received 1st payment letter. - Due Diligence Vendor-06/03/2025 |
Months Reserves exceed minimum required - 39.18 mths reserves; 3 mths required. DSCR =/> 1.00 and minimum is 0.85 or Less - DSCR 1.005 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4257691 | ||
| XXXXX | XXXXX | 9119065 | D | B | D | B | A | A | A | A | Closed | FCRE1440 | 2025-05-28 14:12 | 2025-06-11 10:05 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Client waiver applied to non-material finding with compensating factors. Exception for < 12 month housing history. - Due Diligence Vendor-06/11/2025 Counter-Received client and originator exception approval-missing the compensating factors on originator exception request. Please confirm compensating factors. - Due Diligence Vendor-06/05/2025 Ready for Review-Document Uploaded. Please see attached exception request and approval for review. Thank you! - Buyer-06/03/2025 Counter-Documentation received is duplicate-original finding remains. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. VOM - Buyer-05/29/2025 Open-Housing History Does Not Meet Guideline Requirements Primary home 12 month pay history provided is via bank statements only with no VOM and not reporting on credit. Prior primary mortgage was in father in law name who passed away in 2021. *Client exception in file is missing comp factors, finding remains open and material. - Due Diligence Vendor-05/28/2025 |
Waived-Client waiver applied to non-material finding with compensating factors. Exception for < 12 month housing history. - Due Diligence Vendor-06/11/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 72.27 months Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 777 |
777 fico less than 50% utilization lengthy credit history with zero lates 72 months of reserves not a first time homebuyer DSCR over 1 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4259696 | |
| XXXXX | XXXXX | 9119065 | D | B | D | B | A | A | A | A | Closed | FCRE6019 | 2025-05-27 13:40 | 2025-05-30 12:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Received non perm resident documentation. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-05/29/2025 Open-Missing from loan - borr is not a US citizen - Due Diligence Vendor-05/28/2025 |
Resolved-Received non perm resident documentation. - Due Diligence Vendor-05/30/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 72.27 months Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 777 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4246663 | ||
| XXXXX | XXXXX | 9125152 | C | A | C | A | A | A | A | A | Closed | FCRE0113 | 2025-05-28 14:49 | 2025-05-30 10:22 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property/Appraisal General (Credit) | Resolved-Confirmed the property has a stove hook-up and required per XXXXX. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. There is a stove “hook up” in the appraisal pictures—according to XXXXX guidelines that should be acceptable in lieu of an actual stove - Buyer-05/29/2025 Open-Unable to determine if kitchen has a stove from pictures provided. - Due Diligence Vendor-05/28/2025 |
Resolved-Confirmed the property has a stove hook-up and required per XXXXX. - Due Diligence Vendor-05/30/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 765 FICO, 700 required Months Reserves exceed minimum required - 185 months documented, 3 months required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4260465 | ||
| XXXXX | XXXXX | 9166110 | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2025-05-29 12:25 | 2025-06-04 16:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Received business purpose affidavit. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. SUPPORTING DOCS - Buyer-06/02/2025 Open-The Business Purpose Affidavit Disclosure is Missing Missing signed Business Purpose Affidavit Disclosure - Due Diligence Vendor-05/29/2025 |
Resolved-Received business purpose affidavit. - Due Diligence Vendor-06/04/2025 |
LTV is less than guideline maximum - LTV: 70 Max 75 Months Reserves exceed minimum required - Reserves: 115 Min 3 DSCR % greater than 1.20 - DSCR: 1.228 Min 1 Qualifying FICO score is at least 20 points above minimum for program - FICO: 745 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4271506 | ||
| XXXXX | XXXXX | 9146964 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9166123 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9173481 | C | A | C | A | A | A | A | A | Closed | FCRE0969 | 2025-05-29 12:04 | 2025-06-04 14:14 | Resolved | 1 - Information | C | A | Credit | Closing | Prepayment Penalty Issue | Resolved-After further review, the lender does not have a prepay restriction in this state. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. Rebuttal: Per compliance: We only originate BP loans in XX so it is unlimited for DSCR - Please see regulation for residential definition which DSCR do not meet this requirement, so it does not apply - Buyer-06/03/2025 Open-Prepayment penalty exceeds state maximum. Prepayment on Note/Security Instrument reflects 5% within the first year on a declining basis for 5 years; XXXXXi state maximum is not to exceed 2% - Due Diligence Vendor-05/29/2025 |
Resolved-After further review, the lender does not have a prepay restriction in this state. - Due Diligence Vendor-06/04/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 755 Min 720 Credit history exceeds minimum required - Current open mortgage is 7 months reporting 0x30 (other history 0x30) with revolving accounts having mid to low balances vs credit limits, all paid as agreed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4271154 | ||
| XXXXX | XXXXX | 9146923 | C | A | C | A | A | A | A | A | Closed | FCRE8611 | 2025-05-28 20:24 | 2025-06-02 12:53 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income/Employment General | Resolved-Received complete final 1003. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. Employment info is already listed on the 1003. See attached final 1003. - Buyer-05/29/2025 Open-Missing documentation which evidences borrower has been employed in the U.S. for the last 24 months per guidelines for Non_permanent Resident Aliens. - Due Diligence Vendor-05/29/2025 |
Resolved-Received complete final 1003. - Due Diligence Vendor-06/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 803 Min 700 Months Reserves exceed minimum required - Reserves: 98 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4264200 | ||
| XXXXX | XXXXX | 9166077 | D | A | D | A | A | A | A | A | Closed | FCRE7000 | 2025-05-28 12:28 | 2025-06-25 12:28 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Required forms/disclosures missing | Resolved-Received Escrow Waiver. - Due Diligence Vendor-06/25/2025 Ready for Review-Document Uploaded. Escrow Waiver Uploaded - Buyer-06/23/2025 Open-Escrow Waiver is missing. - Due Diligence Vendor-05/28/2025 |
Resolved-Received Escrow Waiver. - Due Diligence Vendor-06/25/2025 |
Months Reserves exceed minimum required - 16 months reserves documented, 3 months required Qualifying FICO score is at least 20 points above minimum for program - 782 FICO, 720 Required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4258014 | ||
| XXXXX | XXXXX | 9166077 | D | A | D | A | A | A | A | A | Closed | FCRE1479 | 2025-05-29 10:19 | 2025-06-11 14:29 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-Received Closing disclosure for a cash out transaction on another property. - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. REO CD - Buyer-06/09/2025 Open-Asset Record 1 Does Not Meet G/L Requirements Missing documentation of proceeds from concurrent sale of another property. - Due Diligence Vendor-05/29/2025 |
Resolved-Received Closing disclosure for a cash out transaction on another property. - Due Diligence Vendor-06/11/2025 |
Months Reserves exceed minimum required - 16 months reserves documented, 3 months required Qualifying FICO score is at least 20 points above minimum for program - 782 FICO, 720 Required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4269012 | ||
| XXXXX | XXXXX | 9146949 | D | A | D | A | A | A | A | A | Closed | FCRE8702 | 2025-05-29 14:49 | 2025-06-10 12:29 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-LLC borrowing certificate provided. - Due Diligence Vendor-06/10/2025 Ready for Review-Document Uploaded. Borrowing cert - Seller-06/10/2025 Open-The Business Entity Formation Document is incomplete 1. LLC Borrowing Certificate required when all members are not on the loan. - Due Diligence Vendor-06/09/2025 |
Ready for Review-Document Uploaded. Borrowing cert - Seller-06/10/2025 |
Resolved-LLC borrowing certificate provided. - Due Diligence Vendor-06/10/2025 |
LTV is less than guideline maximum - 56.54% LTV ratio, 75% maximum LTV allowed. DSCR % greater than 1.20 - DSCR is 1.972 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4273819 | |
| XXXXX | XXXXX | 9146949 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-29 13:52 | 2025-06-02 12:04 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. DSCR INCOME CALCULATOR - Buyer-05/30/2025 Open-The DSCR Calculation from lender is Missing. The loan file is missing the lender's DSCR calculation. - Due Diligence Vendor-05/29/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-06/02/2025 |
LTV is less than guideline maximum - 56.54% LTV ratio, 75% maximum LTV allowed. DSCR % greater than 1.20 - DSCR is 1.972 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4272892 | ||
| XXXXX | XXXXX | 9146949 | D | A | D | A | A | A | A | A | Closed | FCRE1201 | 2025-05-29 13:42 | 2025-06-02 11:59 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Received Fraud Report. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. FRAUD REPORT - Buyer-05/30/2025 Open-Missing Third Party Fraud Report Missing Fraud Report. Additional conditions may apply. - Due Diligence Vendor-05/29/2025 |
Resolved-Received Fraud Report. - Due Diligence Vendor-06/02/2025 |
LTV is less than guideline maximum - 56.54% LTV ratio, 75% maximum LTV allowed. DSCR % greater than 1.20 - DSCR is 1.972 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4272663 | ||
| XXXXX | XXXXX | 9146949 | D | A | D | A | A | A | A | A | Closed | FCRE1151 | 2025-05-29 13:24 | 2025-06-02 11:55 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Received 24 month chain of title - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. Title chain - Buyer-05/30/2025 Open-Unsatisfactory Chain of Title provided. Missing 24-mo chain of title report. - Due Diligence Vendor-05/29/2025 |
Resolved-Received 24 month chain of title - Due Diligence Vendor-06/02/2025 |
LTV is less than guideline maximum - 56.54% LTV ratio, 75% maximum LTV allowed. DSCR % greater than 1.20 - DSCR is 1.972 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4272361 | ||
| XXXXX | XXXXX | 9146951 | D | A | D | A | A | A | A | A | Closed | FCRE8702 | 2025-05-29 14:49 | 2025-06-09 15:42 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Borrowing certificate provided. - Due Diligence Vendor-06/09/2025 Open-The Business Entity Formation Document is incomplete LLC Borrowing Certificate required when all members are not on the loan. - Due Diligence Vendor-06/09/2025 |
Resolved-Borrowing certificate provided. - Due Diligence Vendor-06/09/2025 |
DSCR % greater than 1.20 - DSCR is 1.76 LTV is less than guideline maximum - 57.04% LTV ratio, 75% maximum LTV allowed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4273821 | ||
| XXXXX | XXXXX | 9146951 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-29 15:32 | 2025-06-02 11:51 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. DSCR INCOME CALCULATOR - Buyer-05/30/2025 Open-The DSCR Calculation from lender is Missing. The loan file is missing the lender's DSCR calculation. - Due Diligence Vendor-05/29/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-06/02/2025 |
DSCR % greater than 1.20 - DSCR is 1.76 LTV is less than guideline maximum - 57.04% LTV ratio, 75% maximum LTV allowed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4274439 | ||
| XXXXX | XXXXX | 9146951 | D | A | D | A | A | A | A | A | Closed | FCRE1151 | 2025-05-29 14:55 | 2025-06-02 11:50 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Received 24 month chain of title. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. Title chain - Buyer-05/30/2025 Open-Unsatisfactory Chain of Title provided. Missing 24-mo chain of title report. - Due Diligence Vendor-05/29/2025 |
Resolved-Received 24 month chain of title. - Due Diligence Vendor-06/02/2025 |
DSCR % greater than 1.20 - DSCR is 1.76 LTV is less than guideline maximum - 57.04% LTV ratio, 75% maximum LTV allowed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4273889 | ||
| XXXXX | XXXXX | 9162627 | C | A | C | A | A | A | A | A | Closed | FCRE6844 | 2025-05-30 16:16 | 2025-06-03 10:58 | Resolved | 1 - Information | C | A | Credit | Assets | Gift Funds General | Resolved-Donor's gift is from his business acct, proof of ownership provided. - Due Diligence Vendor-06/03/2025 Ready for Review- The wire confirmation has the account # and the business name for the Donor , please see attached to confirm the donor is the Owner of XXXXX. - Buyer-05/30/2025 Ready for Review-Document Uploaded. The wire confirmation has the account # and the business name for the Donor , please see attached . - Buyer-05/30/2025 Open-Gift letter for EMD for $52,500 has different donor name than wire transfer confirmation - Due Diligence Vendor-05/30/2025 |
Resolved-Donor's gift is from his business acct, proof of ownership provided. - Due Diligence Vendor-06/03/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 759; guidelines require 700 Months Reserves exceed minimum required - 19.63 mos reserves; 3 mos required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4288950 | ||
| XXXXX | XXXXX | 9162627 | C | A | C | A | A | A | A | A | Closed | FCRE5275 | 2025-05-30 16:10 | 2025-06-03 10:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | Asset do not meet guidelines | Resolved-CPA letter provided to show the borrower is 100% owner. - Due Diligence Vendor-06/03/2025 Ready for Review-Document Uploaded. Please see attached - Buyer-05/30/2025 Open-Missing verification of borrower/co-borrower's percentage of ownership in XXXXX. Business account ending in XXXXX was used for closing. Additional conditions may apply - Due Diligence Vendor-05/30/2025 |
Resolved-CPA letter provided to show the borrower is 100% owner. - Due Diligence Vendor-06/03/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 759; guidelines require 700 Months Reserves exceed minimum required - 19.63 mos reserves; 3 mos required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4288882 | ||
| XXXXX | XXXXX | 9157007 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-29 12:22 | 2025-06-02 12:22 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/30/2025 Open-The DSCR Calculation from lender is Missing. UW DSCR calculation is required - Due Diligence Vendor-05/29/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-06/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 783 FICO, 700 required Long term residence - 5 years in current home |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4271461 | ||
| XXXXX | XXXXX | 9182062 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-05-29 11:37 | 2025-06-04 11:03 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/02/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Legal description is blank - Due Diligence Vendor-05/29/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/04/2025 |
LTV is less than guideline maximum - LTV 70%; max 75%. Months Reserves exceed minimum required - 93 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4270706 | ||
| XXXXX | XXXXX | 9157001 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9156959 | D | B | C | B | A | A | D | A | Closed | FCRE1151 | 2025-05-29 18:32 | 2025-06-05 15:45 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Chain of title provided. - Due Diligence Vendor-06/05/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-06/05/2025 Open-Unsatisfactory Chain of Title provided. Missing required 24 Month Chain of Title - Due Diligence Vendor-05/29/2025 |
Resolved-Chain of title provided. - Due Diligence Vendor-06/05/2025 |
Months Reserves exceed minimum required - Reserves: 187 Min 3 Qualifying FICO score is at least 20 points above minimum for program - FICO: 752 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4276667 | ||
| XXXXX | XXXXX | 9156959 | D | B | C | B | A | A | D | A | Closed | FPRO1253 | 2025-05-30 11:04 | 2025-06-04 16:59 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Received secondary valuation. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. Secondary/CDA report - Seller-06/04/2025 Open-Missing secondary valuation, CU on file above 2.5 - Due Diligence Vendor-05/30/2025 |
Ready for Review-Document Uploaded. Secondary/CDA report - Seller-06/04/2025 |
Resolved-Received secondary valuation. - Due Diligence Vendor-06/04/2025 |
Months Reserves exceed minimum required - Reserves: 187 Min 3 Qualifying FICO score is at least 20 points above minimum for program - FICO: 752 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4283277 | |
| XXXXX | XXXXX | 9156959 | D | B | C | B | A | A | D | A | Closed | FCRE0969 | 2025-05-30 11:02 | 2025-06-04 16:21 | Resolved | 1 - Information | C | A | Credit | Closing | Prepayment Penalty Issue | Resolved-After further review, the lender does not have a prepay restriction in this state. - Due Diligence Vendor-06/04/2025 Open-Credit Audit: XXXXX. Maximum fees on loans secured by real property. (b) Any loan made under XXXXX in an original principal amount of one hundred thousand dollars($100,000.00) or less may be prepaid in part or in full, after 30 days notice to the lender, with a maximum prepayment fee of two percent (2%) of the outstanding balance at any time within three years after the first payment of principal and thereafter there shall be no prepayment fee, provided that there shall be no prepayment fee charged or received in connection with any repayment of a construction loan; and except as herein provided, any lender and any borrower may agree on any terms as to prepayment of a loan. Compliance: Not within state guidelines. - Due Diligence Vendor-05/30/2025 |
Resolved-After further review, the lender does not have a prepay restriction in this state. - Due Diligence Vendor-06/04/2025 |
Months Reserves exceed minimum required - Reserves: 187 Min 3 Qualifying FICO score is at least 20 points above minimum for program - FICO: 752 Min 700 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4283235 | |||
| XXXXX | XXXXX | 9156959 | D | B | C | B | A | A | D | A | Closed | FCRE1510 | 2025-05-28 14:40 | 2025-06-04 14:41 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. Dot with legal/Exhibit A - Buyer-06/03/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing legal description in mortgage chain. - Due Diligence Vendor-05/28/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/04/2025 |
Months Reserves exceed minimum required - Reserves: 187 Min 3 Qualifying FICO score is at least 20 points above minimum for program - FICO: 752 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4260181 | ||
| XXXXX | XXXXX | 9156959 | D | B | C | B | A | A | D | A | Closed | FCRE8701 | 2025-05-30 10:52 | 2025-06-04 14:39 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-Received EIN. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. EIN - Seller-06/04/2025 Open-The Business Entity Formation Document is Missing Missing EIN Doc - Due Diligence Vendor-05/30/2025 |
Ready for Review-Document Uploaded. EIN - Seller-06/04/2025 |
Resolved-Received EIN. - Due Diligence Vendor-06/04/2025 |
Months Reserves exceed minimum required - Reserves: 187 Min 3 Qualifying FICO score is at least 20 points above minimum for program - FICO: 752 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4283099 | |
| XXXXX | XXXXX | 9156959 | D | B | C | B | A | A | D | A | Closed | FCRE1200 | 2025-05-29 18:52 | 2025-06-03 12:50 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Client exception granted and in file, waiver applied with comp factors. Exception provided for loan amount. - Due Diligence Vendor-06/03/2025 Ready for Review-Document Uploaded. Exception request and approval - Seller-06/02/2025 Open-Audited Loan Amount is less than the Guideline Minimum Loan Amount of $100000 Loan amount XXXXX does not meet $100,000 minimum for DSCR product/transaction. Exception not found. - Due Diligence Vendor-05/29/2025 |
Ready for Review-Document Uploaded. Exception request and approval - Seller-06/02/2025 |
Waived-Client exception granted and in file, waiver applied with comp factors. Exception provided for loan amount. - Due Diligence Vendor-06/03/2025 |
Months Reserves exceed minimum required - Reserves: 187 Min 3 Qualifying FICO score is at least 20 points above minimum for program - FICO: 752 Min 700 |
Credit Score: 752 Credit History: No events Reserves (months): 12 Credit Profile Great |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4276788 |
| XXXXX | XXXXX | 9166103 | D | A | D | A | A | A | A | A | Closed | FCRE1176 | 2025-05-29 21:52 | 2025-06-16 17:03 | Resolved | 1 - Information | C | A | Credit | Insurance | HO6 Insurance Policy Effective Date is after the Note Date | Resolved-Dry states would be based on funding date, the subject loan disbursed on XXXXX. - Due Diligence Vendor-06/16/2025 Ready for Review-XXXXX is dry funding state. HOI effective funding date is permissible - XXXXX - Buyer-06/16/2025 Open-HO-6 Insurance Policy Effective Date of XXXXX is after the Note Date of XXXXX Loan funded XXXXX per Closing Disclosure - Due Diligence Vendor-05/30/2025 |
Resolved-Dry states would be based on funding date, the subject loan disbursed on XXXXX. - Due Diligence Vendor-06/16/2025 |
LTV is less than guideline maximum - FICO: 749 Min 720 Months Reserves exceed minimum required - Reserves: 186 Min 3 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4277346 | |||
| XXXXX | XXXXX | 9166103 | D | A | D | A | A | A | A | A | Closed | FPRO1255 | 2025-05-29 21:46 | 2025-06-13 12:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | HOA Questionnaire Document is Missing | Resolved-The guides allow for the CPM to be provided. - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. Please see LOX regarding HOA Questionnaire - Buyer-06/02/2025 Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. Missing project questionnaire and confirmation as to any pending litigation - Due Diligence Vendor-05/30/2025 |
Resolved-The guides allow for the CPM to be provided. - Due Diligence Vendor-06/13/2025 |
LTV is less than guideline maximum - FICO: 749 Min 720 Months Reserves exceed minimum required - Reserves: 186 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4277338 | ||
| XXXXX | 9158560 | C | B | C | B | A | A | A | A | Closed | FCRE9996 | 2025-05-29 17:20 | 2025-05-29 17:21 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo does not meet requirements | Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-05/29/2025 Open-Maximum investor concentration allowed by guides is exceeded. An exception is uploaded. - Due Diligence Vendor-05/29/2025 |
Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-05/29/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 792 is more than 20 points higher than the guideline min of 660. Months Reserves exceed minimum required - Guides do not require any reserves and the borrower has 91 months. |
Long term homeowner. Experienced investor. FICO> 10pts above the minimum requirement. HomeWise executed HOA cert-they go off mailing address to count 'off site'. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 4275809 | |||
| XXXXX | XXXXX | 9156992 | D | A | D | A | D | A | D | A | Closed | FCRE1197 | 2025-06-02 08:15 | 2025-06-11 17:57 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited FICO is less than Guideline FICO | Resolved-Audited FICO of 683 is greater than or equal to Guideline FICO of 660 - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. credit report with all 3 - Seller-06/09/2025 Open-Audited FICO of 649 is less than Guideline FICO of 660 Missing 3 merge credit report with sufficient mid score for program (660) - Due Diligence Vendor-06/02/2025 |
Ready for Review-Document Uploaded. credit report with all 3 - Seller-06/09/2025 |
Resolved-Audited FICO of 683 is greater than or equal to Guideline FICO of 660 - Due Diligence Vendor-06/09/2025 |
Long term residence - 23 years in current residence Months Reserves exceed minimum required - 33 months reserves documented, 3 months required |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4296476 | |
| XXXXX | XXXXX | 9156992 | D | A | D | A | D | A | D | A | Closed | FCRE1506 | 2025-06-02 08:08 | 2025-06-11 17:56 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-06/09/2025 Ready for Review-VOE and credit report are in line for review within their conditions - Buyer-06/09/2025 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Missing Verification of 24 month employment and credit report - Due Diligence Vendor-06/02/2025 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-06/09/2025 |
Long term residence - 23 years in current residence Months Reserves exceed minimum required - 33 months reserves documented, 3 months required |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4296431 | |||
| XXXXX | XXXXX | 9156992 | D | A | D | A | D | A | D | A | Closed | FPRO1137 | 2025-06-02 07:26 | 2025-06-09 13:35 | Resolved | 1 - Information | C | A | Property | Appraisal | The appraiser was not licensed (Primary Value) | Resolved-Received appraisers license. - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. License Appraisal. - Buyer-06/06/2025 Open-Received appraisal and desk review. Provide copy of appraisers license to confirm appraiser was licensed at the time the appraisal was completed. - Due Diligence Vendor-06/05/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/03/2025 Open-Primary Value appraiser's license was not effective prior to the Valuation Date or expired prior to the Valuation Date Missing copy of current license. Verification only references credentials effective XXXXX. Appraisal completed XXXXX - Due Diligence Vendor-06/02/2025 |
Resolved-Received appraisers license. - Due Diligence Vendor-06/09/2025 |
Long term residence - 23 years in current residence Months Reserves exceed minimum required - 33 months reserves documented, 3 months required |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4296160 | ||
| XXXXX | XXXXX | 9156992 | D | A | D | A | D | A | D | A | Closed | FCRE1317 | 2025-06-02 07:44 | 2025-06-09 13:34 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Borrower 1 Total Years Employment Verified is Less Than 24 Months | Resolved-Received CPA letter. - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. VOE- As per the CPA letter that have been the borrowers accountant for XXXXX. The borrowers 1003 also states he has been in theis business for 30 years. - Buyer-06/09/2025 Open-Borrower 1 Total Years Employment Verified is Less Than 24 Months A 3rd party verification that the business is in existence for 24 months and is required. - Due Diligence Vendor-06/02/2025 |
Resolved-Received CPA letter. - Due Diligence Vendor-06/09/2025 |
Long term residence - 23 years in current residence Months Reserves exceed minimum required - 33 months reserves documented, 3 months required |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4296284 | ||
| XXXXX | XXXXX | 9156992 | D | A | D | A | D | A | D | A | Closed | FCRE1316 | 2025-06-02 07:44 | 2025-06-09 13:30 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Received CPA letter, dated within 30 days of closing confirming active. - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. VOE- CPA Letter stating that the borrower's business is in existence and in good standing. - Buyer-06/09/2025 Counter-Documentation for this finding was not provided. Please provide. - Due Diligence Vendor-06/05/2025 Ready for Review-VOE Prior to Close Missing A 3rd party verification that the business is in existence, in good standing and active is required. - Seller-06/03/2025 Open-Borrower 1 3rd Party VOE Prior to Close Missing A 3rd party verification that the business is in existence, in good standing and active is required. - Due Diligence Vendor-06/02/2025 |
Ready for Review-VOE Prior to Close Missing A 3rd party verification that the business is in existence, in good standing and active is required. - Seller-06/03/2025 |
Resolved-Received CPA letter, dated within 30 days of closing confirming active. - Due Diligence Vendor-06/09/2025 |
Long term residence - 23 years in current residence Months Reserves exceed minimum required - 33 months reserves documented, 3 months required |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4296283 | |
| XXXXX | XXXXX | 9156992 | D | A | D | A | D | A | D | A | Closed | FCRE5774 | 2025-06-02 08:02 | 2025-06-09 13:24 | Resolved | 1 - Information | C | A | Credit | Borrower | Borrower 1 Credit Report is Incomplete | Resolved-Received complete credit report. - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/06/2025 Open-Borrower 1 Credit Report is Partially Present. The credit report should provide merged credit data from the three major credit repositories. Report provided is XX only. - Due Diligence Vendor-06/02/2025 |
Resolved-Received complete credit report. - Due Diligence Vendor-06/09/2025 |
Long term residence - 23 years in current residence Months Reserves exceed minimum required - 33 months reserves documented, 3 months required |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4296396 | ||
| XXXXX | XXXXX | 9156992 | D | A | D | A | D | A | D | A | Closed | FCOM5135 | 2025-05-29 09:27 | 2025-06-09 07:34 | Resolved | 1 - Information | B | A | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Resolved-Received Lender attestation to no affiliates. - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. supporting docs - Seller-06/06/2025 Open-Required Affiliated Business Disclosure Missing. There are title fees in section B of the final CD and there is no documentation in file to determine if the service provider used is an affiliate of the lender. An affiliated business disclosure, or the privacy notice either stating who the lender’s affiliates are or that the lender has no affiliates is required. An attestation letter stating that the provider has no affiliates can also be provided. - Due Diligence Vendor-06/05/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-06/06/2025 |
Resolved-Received Lender attestation to no affiliates. - Due Diligence Vendor-06/09/2025 |
Long term residence - 23 years in current residence Months Reserves exceed minimum required - 33 months reserves documented, 3 months required |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4268154 | |
| XXXXX | XXXXX | 9156992 | D | A | D | A | D | A | D | A | Closed | FPRO1253 | 2025-06-02 07:26 | 2025-06-05 12:56 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Desk review provided - Due Diligence Vendor-06/05/2025 Open-Additional valuation product has not been provided. Appraisal reviews are required for all loan amounts. - Due Diligence Vendor-06/02/2025 |
Resolved-Desk review provided - Due Diligence Vendor-06/05/2025 |
Long term residence - 23 years in current residence Months Reserves exceed minimum required - 33 months reserves documented, 3 months required |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4296161 | |||
| XXXXX | XXXXX | 9156992 | D | A | D | A | D | A | D | A | Closed | FCOM1266 | 2025-05-29 09:27 | 2025-06-04 07:33 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Homeownership Counseling Disclosure Is Missing | Resolved-Received HOC dated XXXXX. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/03/2025 Open-Homeownership Counseling Disclosure Is Missing - Due Diligence Vendor-05/29/2025 |
Resolved-Received HOC dated XXXXX - Due Diligence Vendor-06/04/2025 |
Long term residence - 23 years in current residence Months Reserves exceed minimum required - 33 months reserves documented, 3 months required |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4268152 | ||
| XXXXX | XXXXX | 9156979 | D | A | D | A | A | A | A | A | Closed | FCRE8700 | 2025-06-09 09:52 | 2025-06-09 17:39 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Missing EIN Number for Business Entity | Resolved-Business Entity EIN value is acceptable. - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. EIN - Buyer-06/09/2025 Open-Missing EIN for Business Entity. - Due Diligence Vendor-06/09/2025 |
Resolved-Business Entity EIN value is acceptable. - Due Diligence Vendor-06/09/2025 |
LTV is less than guideline maximum - LTV: 69 Max 75 Months Reserves exceed minimum required - Reserves: 98 Min 3 (min. met w/own funds, remainder is net proceeds) |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4378889 | ||
| XXXXX | XXXXX | 9156986 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9134593 | D | A | D | A | A | A | A | A | Closed | FCRE7009 | 2025-05-30 12:11 | 2025-06-19 13:43 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Received documentation to support 125% replacement coverage. - Due Diligence Vendor-06/19/2025 Ready for Review-Document Uploaded. Email from HOI verifying 125% replacement cost - Seller-06/18/2025 Counter-Documentation received is insufficient-original finding remains. - Due Diligence Vendor-06/06/2025 Ready for Review-Document Uploaded. rce email - Seller-06/05/2025 Counter-Documentation received is insufficient-coverage must equal RCE or Loan amount. Finding remains. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. attached Replacement Cost Estimator; see bullet 2, part 2 below Per guidelines: Hazard Insurance coverage should be in the amount of the lesser of: • 100% of the insurable value of improvements, as established by the property insurer or reputable 3rd party source (i.e., CoreLogic); • Estimated cost to replace as notated on appraisal delivered with loan file (Total Estimate of Cost-New) OR RCE from insurance provider/agent; • The unpaid principal balance of the mortgage If none of the above are met, then coverage that does provide the minimum required amount must be obtained. - Seller-06/03/2025 Ready for Review-Document Uploaded. supporting docs - Seller-06/03/2025 Open-Insufficient Coverage Amount for Insured Subject Property. Loan amount is $208,000, HOI coverage is $177,700 which is not sufficient - Due Diligence Vendor-05/30/2025 |
Ready for Review-Document Uploaded. Email from HOI verifying 125% replacement cost - Seller-06/18/2025 Ready for Review-Document Uploaded. rce email - Seller-06/05/2025 Ready for Review-Document Uploaded. attached Replacement Cost Estimator; see bullet 2, part 2 below Per guidelines: Hazard Insurance coverage should be in the amount of the lesser of: • 100% of the insurable value of improvements, as established by the property insurer or reputable 3rd party source (i.e., CoreLogic); • Estimated cost to replace as notated on appraisal delivered with loan file (Total Estimate of Cost-New) OR RCE from insurance provider/agent; • The unpaid principal balance of the mortgage If none of the above are met, then coverage that does provide the minimum required amount must be obtained. - Seller-06/03/2025 Ready for Review-Document Uploaded. supporting docs - Seller-06/03/2025 |
Resolved-Received documentation to support 125% replacement coverage. - Due Diligence Vendor-06/19/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 797 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 111.89 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4284662 | |
| XXXXX | XXXXX | 9134593 | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2025-05-30 14:21 | 2025-06-04 15:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Received business purpose affidavit. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/03/2025 Open-The Business Purpose Affidavit Disclosure is Missing Missing Business Purpose Affidavit Disclosure - Due Diligence Vendor-05/30/2025 |
Resolved-Received business purpose affidavit. - Due Diligence Vendor-06/04/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 797 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 111.89 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4286711 | ||
| XXXXX | XXXXX | 9130227 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9182075 | C | A | C | A | A | A | A | A | Closed | FCRE0109 | 2025-05-30 09:26 | 2025-06-04 10:59 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Photo id provided. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. cert of ID - Buyer-06/02/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. - Due Diligence Vendor-05/30/2025 |
Resolved-Photo id provided. - Due Diligence Vendor-06/04/2025 |
Months Reserves exceed minimum required - 4.74 months reserves; 3 months reserves required LTV is less than guideline maximum - LTV 69%; max 75%. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4281697 | ||
| XXXXX | XXXXX | 9146939 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9156958 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9166092 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2025-06-02 07:33 | 2025-06-13 10:43 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received Rent Free Letter. - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. rent free letter - Buyer-06/11/2025 Open-Housing History Does Not Meet Guideline Requirements Guideline requires A “rent-free” letter of explanation from the homeowner is required. The borrower provided a letter indicating she lives with Mother; however, the file does not contain a letter from the borrower's mother indicating she lives "rent free" - Due Diligence Vendor-06/02/2025 |
Resolved-Received Rent Free Letter. - Due Diligence Vendor-06/13/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 5.11 months Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 723 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4296214 | ||
| XXXXX | XXXXX | 9166092 | D | A | D | A | A | A | A | A | Closed | FCRE8257 | 2025-06-02 06:53 | 2025-06-10 15:51 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Prepayment Rider-Credit | Resolved-After further review, the loan was locked and did not close with a prepay. - Due Diligence Vendor-06/10/2025 Open-PPP in loan file is the incorrect date and is not executed. Missing PPP - Due Diligence Vendor-06/02/2025 |
Resolved-After further review, the loan was locked and did not close with a prepay. - Due Diligence Vendor-06/10/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 5.11 months Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 723 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4295960 | |||
| XXXXX | XXXXX | 9166092 | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2025-06-02 07:05 | 2025-06-06 13:36 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Received Business Purpose Affidavit. - Due Diligence Vendor-06/06/2025 Ready for Review-Document Uploaded. Borrower Certification of Business Purpose - Buyer-06/04/2025 Open-The Business Purpose Affidavit Disclosure is Missing Cash out letter indicates renovations on the subject property BP required - Due Diligence Vendor-06/02/2025 |
Resolved-Received Business Purpose Affidavit. - Due Diligence Vendor-06/06/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 5.11 months Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 723 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4296026 | ||
| XXXXX | XXXXX | 9156964 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9146947 | D | A | D | A | A | A | A | A | Closed | FPRO1255 | 2025-06-02 10:08 | 2025-06-06 16:12 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | HOA Questionnaire Document is Missing | Resolved-CPM provided. - Due Diligence Vendor-06/06/2025 Ready for Review-Document Uploaded. CPM - Seller-06/06/2025 Counter-Please upload CPM to condition for clearance. - Due Diligence Vendor-06/04/2025 Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. Missing Condo Questionnaire. - Due Diligence Vendor-06/02/2025 |
Ready for Review-Document Uploaded. CPM - Seller-06/06/2025 |
Resolved-CPM provided. - Due Diligence Vendor-06/06/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 84.31 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 725. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4297654 | |
| XXXXX | XXXXX | 9146947 | D | A | D | A | A | A | A | A | Closed | FCRE1173 | 2025-06-02 10:12 | 2025-06-04 16:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Condo Master Insurance Policy is Missing | Resolved-Received master policy - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. SUPPORTING DOCS - Buyer-06/02/2025 Open-Missing Condo Master Insurance Policy Missing Master Policy. - Due Diligence Vendor-06/02/2025 |
Resolved-Received master policy - Due Diligence Vendor-06/04/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 84.31 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 725. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4297728 | ||
| XXXXX | XXXXX | 9146947 | D | A | D | A | A | A | A | A | Closed | FCRE0108 | 2025-06-02 10:12 | 2025-06-04 16:12 | Resolved | 1 - Information | C | A | Credit | Insurance | Fidelity Coverage not met | Resolved-Received CPM. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. SUPPORTING DOCS - Buyer-06/02/2025 Open-Fidelity Coverage not met. Missing Master Policy in order to verify. - Due Diligence Vendor-06/02/2025 |
Resolved-Received CPM. - Due Diligence Vendor-06/04/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 84.31 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 725. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4297727 | ||
| XXXXX | XXXXX | 9146947 | D | A | D | A | A | A | A | A | Closed | FCRE1148 | 2025-06-02 10:04 | 2025-06-04 16:10 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received confirmation of sufficient coverage. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. Updated title report. - Seller-06/02/2025 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Title Policy for XXXXX - Due Diligence Vendor-06/02/2025 |
Ready for Review-Document Uploaded. Updated title report. - Seller-06/02/2025 |
Resolved-Received confirmation of sufficient coverage. - Due Diligence Vendor-06/04/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 84.31 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 725. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4297601 | |
| XXXXX | XXXXX | 9213127 | D | A | D | A | A | A | A | A | Closed | FCRE1468 | 2025-06-03 10:30 | 2025-06-09 08:53 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Asset 2 Missing | Resolved-Assets 2 provided. - Due Diligence Vendor-06/09/2025 Open-Asset 2 Missing The file was missing the XXXXX statement used in qualifying. Ending balance of 70% of the asset to be $22,595.87. Please note that assets are not yet finalized and additional information/documentation may be required. - Due Diligence Vendor-06/03/2025 |
Resolved-Assets 2 provided. - Due Diligence Vendor-06/09/2025 |
Months Reserves exceed minimum required - 12 months available vs. 6 required DSCR =/> 1.00 and minimum is 0.85 or Less - 1.062 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4311900 | |||
| XXXXX | XXXXX | 9213162 | B | B | B | B | A | A | A | A | Closed | FCRE1440 | 2025-06-03 14:06 | 2025-06-03 14:45 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived--Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-06/03/2025 Open-Housing History Does Not Meet Guideline Requirements -Exception Approved: No Housing History is verified for the primary residence. Currently living rent free. Non-Material, Experienced Investor. - Due Diligence Vendor-06/03/2025 |
Waived--Client exception granted and in file, waiver applied with comp factors. - Due Diligence Vendor-06/03/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 749; guidelines require 700. Months Reserves exceed minimum required - 26 months reserves; 2 months reserves required. |
1. Greater than 10 months reserves. 2. Fico Score is 10 points greater than minimum guidelines. 3. Investor experience 4 years. | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4316991 | ||
| XXXXX | XXXXX | 9213166 | D | B | D | B | A | A | A | A | Closed | FCRE5116 | 2025-06-03 11:53 | 2025-06-10 09:57 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing VOM or VOR | Resolved-Received 12 month primary housing history. - Due Diligence Vendor-06/10/2025 Ready for Review-Document Uploaded. Its not rent free and that application is wrong application. Our final shows own for primary attached is proof of ownership in business that owns that property and 12 months mortgage statements as well for rating. - Buyer-06/09/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. 12 months housing history is required for the borrower's primary residence. Provide rent free letter. - Due Diligence Vendor-06/03/2025 |
Resolved-Received 12 month primary housing history. - Due Diligence Vendor-06/10/2025 |
Months Reserves exceed minimum required - 134 months available vs. 2 months required LTV is less than guideline maximum - 50% LTV vs 75% LTV max DSCR % greater than 1.20 - 1.34 Qualifying FICO score is at least 20 points above minimum for program - 791 actual vs 640 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4314007 | ||
| XXXXX | XXXXX | 9213166 | D | B | D | B | A | A | A | A | Closed | FCRE1492 | 2025-06-03 11:57 | 2025-06-03 12:58 | Waived | 2 - Non-Material | C | B | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Client exception granted to allow cash in hand greater than $1M dollars. Non-material waiver applied with comp factors. Deemed non-material due to exceeds max by only $175,000 - Due Diligence Vendor-06/03/2025 Open-Cash Out Does Not Meet Guideline Requirements LTV < 65% max cash in hand is $1,000,000. An exception was provided. - Due Diligence Vendor-06/03/2025 |
Waived-Client exception granted to allow cash in hand greater than $1M dollars. Non-material waiver applied with comp factors. Deemed non-material due to exceeds max by only $175,000 - Due Diligence Vendor-06/03/2025 |
Months Reserves exceed minimum required - 134 months available vs. 2 months required LTV is less than guideline maximum - 50% LTV vs 75% LTV max DSCR % greater than 1.20 - 1.34 Qualifying FICO score is at least 20 points above minimum for program - 791 actual vs 640 required |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4314622 | |||
| XXXXX | XXXXX | 9213123 | C | A | C | A | A | A | A | A | Closed | FCRE8888 | 2025-06-03 10:20 | 2025-06-04 10:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing First Mtg Note | Resolved-HUD provided confirming the 1st lien is paid off, the second lien is reporting on credit. - Due Diligence Vendor-06/04/2025 Open-Missing Note & Mortgage for 1st lien primary residence not reported on credit report XXXXX. there is a hud XXXXXfor 1st lien which appears has been paid in full and there is a heloc against subject 7 months reporting. - Due Diligence Vendor-06/03/2025 |
Resolved-HUD provided confirming the 1st lien is paid off, the second lien is reporting on credit. - Due Diligence Vendor-06/04/2025 |
Months Reserves exceed minimum required - 4.29 months PITIA reserves; 2 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 761; minimum score 700. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4311758 | |||
| XXXXX | XXXXX | 9213128 | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2025-06-03 12:41 | 2025-06-03 13:49 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Client exception to allow 75% LTV on a STR refinance. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-07/30/2025 Open-Audited LTV of 75% exceeds Guideline LTV of 70% Lender Exception to allow 75% LTV with STR - Due Diligence Vendor-06/03/2025 |
Waived-Client exception to allow 75% LTV on a STR refinance. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-07/30/2025 |
On time mortgage history exceeds guideline requirement - Mortgage History 0x30x12. Months Reserves exceed minimum required - 28 months reserves; 2 months reserves required. |
1. Fico Score 722. 2. Over 12 months reserves. 3. DSCR is greater than 1.5. 4. Mortgage History 0x30x12 | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4315491 | ||
| XXXXX | XXXXX | 9213122 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9213124 | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2025-06-03 12:26 | 2025-06-04 09:10 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Client exception to allow 75% LTV on DSCR cash out. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-06/03/2025 Open-Audited LTV of 75% exceeds Guideline LTV of 70% Lender exception to allow for LTV 75% on DSCR cash out refinance where property was Un-leased at time of appraisal review. allow of use of appraisal value on previously listed property. per investor solution dscr 1-4 family- max LTV for un leased properties is 70% use the lower of purchase price of appraisal value on previously listed properties. - Due Diligence Vendor-06/03/2025 |
Waived-Client exception to allow 75% LTV on DSCR cash out. Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-06/03/2025 |
Months Reserves exceed minimum required - 20.86 months PITIA reserves; 2 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 724; minimum score 660. |
724 fico score 20.86 months of reserves |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4315183 | ||
| XXXXX | XXXXX | 9213124 | C | B | C | B | A | A | A | A | Closed | FCRE3333 | 2025-06-03 12:28 | 2025-06-04 09:10 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Subject property was listed for sale within a time period not allowed by guidelines | Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-06/04/2025 Open-Subject property was listed for sale within a time period not allowed per guidelines Appraiser confirms the property is no longer listed and there is lender exception in file. - Due Diligence Vendor-06/04/2025 |
Waived-Client waiver applied to non-material finding with compensating factors. - Due Diligence Vendor-06/04/2025 |
Months Reserves exceed minimum required - 20.86 months PITIA reserves; 2 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 724; minimum score 660. |
724 fico score 20.86 months of reserves |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4315204 | ||
| XXXXX | XXXXX | 9156967 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-05-30 12:56 | 2025-05-30 14:24 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR calc provided. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-05/30/2025 Open-The DSCR Calculation from lender is Missing. UW DSCR calculation is required - Due Diligence Vendor-05/30/2025 |
Resolved-DSCR calc provided. - Due Diligence Vendor-05/30/2025 |
Months Reserves exceed minimum required - 32 months reserves documented, 3 months required Qualifying FICO score is at least 20 points above minimum for program - 807 FICO, 700 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4285368 | ||
| XXXXX | XXXXX | 9156969 | D | A | D | A | A | A | A | A | Closed | FCRE1202 | 2025-06-02 14:30 | 2025-06-04 15:05 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Receive SAM clearance. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/03/2025 Open-Third Party Fraud Report Partially Provided Partial fraud report in file. LPA/Watchlist/OFAC missing and required for review. Additional conditions may apply. - Due Diligence Vendor-06/02/2025 |
Resolved-Receive SAM clearance. - Due Diligence Vendor-06/04/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 752 qualifying FICO score, 700 minimum score required. DSCR % greater than 1.20 - DSCR % is 1.467 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4302509 | ||
| XXXXX | XXXXX | 9156969 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2025-06-02 15:57 | 2025-06-04 15:05 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received Guaranty - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/03/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Missing'. Missing signed Guaranty Agreement - Due Diligence Vendor-06/02/2025 |
Resolved-Received Guaranty - Due Diligence Vendor-06/04/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 752 qualifying FICO score, 700 minimum score required. DSCR % greater than 1.20 - DSCR % is 1.467 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4304206 | ||
| XXXXX | XXXXX | 9173469 | D | A | A | A | A | A | D | A | Closed | FPRO1253 | 2025-06-02 14:44 | 2025-06-05 11:12 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Additional valuation product is provided - Desk Review - Due Diligence Vendor-06/05/2025 Ready for Review-Document Uploaded. CDA - Buyer-06/04/2025 Open-Additional valuation product has not been provided. Missing Secondary valuation; CU and LCA in the file has no score. - Due Diligence Vendor-06/02/2025 |
Resolved-Additional valuation product is provided - Desk Review - Due Diligence Vendor-06/05/2025 |
Months Reserves exceed minimum required - 7.87 mths reserves; 3 mths required. Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 794; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4302709 | ||
| XXXXX | XXXXX | 9162623 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9156982 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9166068 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9157003 | C | A | C | A | A | A | A | A | Closed | FCRE0970 | 2025-06-04 17:23 | 2025-06-24 15:55 | Resolved | 1 - Information | C | A | Credit | Eligibility | Appraisal has issues (credit) | Resolved-Received the 1004D confirming the basement was empty. - Due Diligence Vendor-06/24/2025 Ready for Review-Document Uploaded. Final Inspection - Buyer-06/20/2025 Open-The appraisal 1004D indicates that the basement is being utilized for marijuana cultivation. Please provide an explanation and an updated 1004D showing no evidence of marijuana cultivation. - Due Diligence Vendor-06/04/2025 |
Resolved-Received the 1004D confirming the basement was empty. - Due Diligence Vendor-06/24/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 730; minimum required 700. Months Reserves exceed minimum required - 45 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4338243 | ||
| XXXXX | XXXXX | 9166113 | C | A | C | A | A | A | A | A | Closed | FCRE1254 | 2025-06-09 13:32 | 2025-06-23 11:37 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received revised commitment w/correct Zip Code. - Due Diligence Vendor-06/23/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/20/2025 Open-Property Title Issue *New* Please provide updated Title documents with the correct Zip Code. - Due Diligence Vendor-06/09/2025 |
Resolved-Received revised commitment w/correct Zip Code. - Due Diligence Vendor-06/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 751 Months Reserves exceed minimum required - Minimum reserves are 12 months, Borrowers have 16.6 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4383253 | ||
| XXXXX | XXXXX | 9166113 | C | A | C | A | A | A | A | A | Closed | FCRE1119 | 2025-06-02 14:15 | 2025-06-11 14:39 | Resolved | 1 - Information | C | A | Credit | Closing | Borrower 2 Deed of Trust Signature does not match Note | Resolved-Received complete security instrument reflecting B2 signature. - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. Last page of upload is the Mortgage page signed by B2 - Buyer-06/10/2025 Open-Borrower 2 Signature does not match Note Borrower 2 signature is missing from the morttgage - Due Diligence Vendor-06/03/2025 |
Resolved-Received complete security instrument reflecting B2 signature. - Due Diligence Vendor-06/11/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 751 Months Reserves exceed minimum required - Minimum reserves are 12 months, Borrowers have 16.6 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4302248 | ||
| XXXXX | XXXXX | 9166113 | C | A | C | A | A | A | A | A | Closed | FCRE1509 | 2025-06-04 08:43 | 2025-06-09 13:33 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Note Document | Resolved-Received Revised Note. - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. zip code for subject property matches the appraisal XXXXX - Buyer-06/05/2025 Open-page 1 of Note reflect an incorrect zip code - Due Diligence Vendor-06/04/2025 |
Resolved-Received Revised Note. - Due Diligence Vendor-06/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 751 Months Reserves exceed minimum required - Minimum reserves are 12 months, Borrowers have 16.6 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4329014 | ||
| XXXXX | XXXXX | 9173513 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2025-06-04 06:03 | 2025-06-17 12:41 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received Rent Free Letter. Loan file contains sufficient documentation to support the borrower does not own primary residence. - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. LOX - Buyer-06/16/2025 Open-Housing History Does Not Meet Guideline Requirements The borrower indicated on the 1003 and an address variation letter that she lives at property 3b. The fraud report reflects that the borrower is not in ownership history for this property. The loan file does not contain a "rent free" letter. Pgs. 264, 488 - Due Diligence Vendor-06/04/2025 |
Resolved-Received Rent Free Letter. Loan file contains sufficient documentation to support the borrower does not own primary residence. - Due Diligence Vendor-06/17/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Actual 1.013 Months Reserves exceed minimum required - Min 3 months, actual 85.45 months Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 736 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4327952 | ||
| XXXXX | XXXXX | 9173513 | C | A | C | A | A | A | A | A | Closed | FCRE0109 | 2025-06-04 06:14 | 2025-06-09 13:37 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Received photo ID. - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/06/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Missing from loan files - Due Diligence Vendor-06/04/2025 |
Resolved-Received photo ID. - Due Diligence Vendor-06/09/2025 |
DSCR =/> 1.00 and minimum is 0.85 or Less - Actual 1.013 Months Reserves exceed minimum required - Min 3 months, actual 85.45 months Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 736 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4328007 | ||
| XXXXX | XXXXX | 9156977 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9166108 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9182086 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9182065 | C | A | C | A | A | A | A | A | Closed | FCRE0116 | 2025-06-05 16:12 | 2025-06-11 14:14 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Warrantability Documentation | Resolved-Received UW attestation. - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. Warrantable - Buyer-06/09/2025 Open-Missing Warrantability Documentation. Missing Warrantability doc, additional conditions may apply - Due Diligence Vendor-06/05/2025 |
Resolved-Received UW attestation. - Due Diligence Vendor-06/11/2025 |
Months Reserves exceed minimum required - 29 mths reserves; 3 mths required. Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO Score is 745; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4351719 | ||
| XXXXX | XXXXX | 9166112 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-06-04 14:53 | 2025-06-10 12:32 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/10/2025 Ready for Review-Document Uploaded. Please see attached - Buyer-06/09/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Legal Description is missing - Due Diligence Vendor-06/04/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/10/2025 |
Months Reserves exceed minimum required - Minimum reserves are3 months, Borrower has 8.23 months DSCR =/> 1.00 and minimum is 0.85 or Less - Audit DSCR is 1.094% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4335400 | ||
| XXXXX | XXXXX | 9166112 | C | A | C | A | A | A | A | A | Closed | FCRE1148 | 2025-06-04 21:28 | 2025-06-10 12:30 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received updated prelim reflecting sufficient coverage - Due Diligence Vendor-06/10/2025 Ready for Review-Document Uploaded. Please see attached report - Buyer-06/09/2025 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Loan amount is XXXXX, title coverage is XXXXX which is not sufficient - Due Diligence Vendor-06/05/2025 |
Resolved-Received updated prelim reflecting sufficient coverage - Due Diligence Vendor-06/10/2025 |
Months Reserves exceed minimum required - Minimum reserves are3 months, Borrower has 8.23 months DSCR =/> 1.00 and minimum is 0.85 or Less - Audit DSCR is 1.094% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4340124 | ||
| XXXXX | XXXXX | 9173501 | D | B | D | B | A | A | A | A | Closed | FCRE1202 | 2025-06-05 08:56 | 2025-06-11 14:09 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Received Fraud Report. - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-06/09/2025 Open-Third Party Fraud Report Partially Provided Missing the complete fraud report; only the fraud summary report is provided. - Due Diligence Vendor-06/05/2025 |
Resolved-Received Fraud Report. - Due Diligence Vendor-06/11/2025 |
Months Reserves exceed minimum required - Borrower verified 59.07 months of PITI reserves, 12 months minimum required for First-time Investors. | XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4343256 | ||
| XXXXX | XXXXX | 9173501 | D | B | D | B | A | A | A | A | Closed | FCRE8201 | 2025-06-05 11:38 | 2025-06-11 14:07 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Client exception granted to allow FTI w/o 12 months housing history . Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. Exception request and approval - Buyer-06/10/2025 Open-For purchase transactions, First-time Home Buyers (FTHB) are allowed - must be primary residence or second home or meet the First Time Investor guidelines for the program. The subject transaction is a purchase of an investment property using the DSCR program. The borrower is a FTHB and also a First-time Investor. However, the borrower does not meet the FTI requirement for a verified 12-month housing payment history as evidenced by a rent-free letter provided in the file. It should be noted the addendum to the 1008 notes "**Investor Exception granted - 1ST TIME HOMEBUYER, NO PR EXP (.25 in llpa)." The loan file has no formal documentation of an exception request and/or no formal exception approval from the client, and no compensating factors for the exception were noted on the 1008. - Due Diligence Vendor-06/05/2025 |
Waived-Client exception granted to allow FTI w/o 12 months housing history . Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-06/11/2025 |
Months Reserves exceed minimum required - Borrower verified 59.07 months of PITI reserves, 12 months minimum required for First-time Investors. | There will be an Exception LLPA hit of .25 that will apply for this specific exception. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4347054 | |
| XXXXX | XXXXX | 9173501 | D | B | D | B | A | A | A | A | Closed | FCRE1440 | 2025-06-05 11:30 | 2025-06-11 14:07 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Client exception granted to allow FTI w/o 12 months housing history . Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. Exception request and approval - Buyer-06/10/2025 Open-Housing History Does Not Meet Guideline Requirements Borrower is a First Time Homebuyer without a verified 12-month housing payment history. Per guides, a rent-free letter is only acceptable if the borrower lives with a non-borrowing spouse. The rent-free letter in file indicates the borrower resides with one of their children. It should be noted the addendum to the 1008 notes "**Investor Exception granted - 1ST TIME HOMEBUYER, NO PR EXP (.25 in llpa)." The loan file has no formal documentation of an exception request and/or no formal exception approval from the client, and no compensating factors for the exception were noted on the 1008. - Due Diligence Vendor-06/05/2025 |
Waived-Client exception granted to allow FTI w/o 12 months housing history . Non-material waiver applied to finding with compensating factors. - Due Diligence Vendor-06/11/2025 |
Months Reserves exceed minimum required - Borrower verified 59.07 months of PITI reserves, 12 months minimum required for First-time Investors. | There will be an Exception LLPA hit of .25 that will apply for this specific exception | XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4346883 | |
| XXXXX | XXXXX | 9157013 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9201284 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9166118 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9146962 | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2025-06-05 10:19 | 2025-06-06 15:26 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Client exception granted to allow first time home buyer/ investor with no housing history, Non-materialwaiver applied with comp factors. non-material due to borrower has long term credit with no lates on credit. - Due Diligence Vendor-06/06/2025 Open-Housing History Does Not Meet Guideline Requirements Borrower does not have 12 month housing history. First time homebuyer and investor - Due Diligence Vendor-06/05/2025 |
Waived-Client exception granted to allow first time home buyer/ investor with no housing history, Non-materialwaiver applied with comp factors. non-material due to borrower has long term credit with no lates on credit. - Due Diligence Vendor-06/06/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 802 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 22.6 months |
Program Min FICO: 700 FICO: 802 Program Max DTI: DTI: 6.422 Program Min DSCR: 1.000 DSCR: 1.165 Program Max LTV: 75 LTV: 75.000 Program Min Reserves: 12 Own Reserves: 12.00 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4344498 | ||
| XXXXX | XXXXX | 9166090 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9166120 | D | A | D | A | A | A | A | A | Closed | FCRE0112 | 2025-06-05 18:56 | 2025-06-10 12:31 | Resolved | 1 - Information | C | A | Credit | Eligibility | Approval/Underwriting Summary Not Provided_3 | Resolved-1008 was provided. - Due Diligence Vendor-06/10/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/10/2025 Open-Approval/Underwriting Summary Not Provided. Approval/Underwriting Summary Not Provided. - Due Diligence Vendor-06/05/2025 |
Resolved-1008 was provided. - Due Diligence Vendor-06/10/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 70.03 months Long term residence - Borrower has lived at primary for 7 years |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4353635 | ||
| XXXXX | XXXXX | 9166120 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-05 18:56 | 2025-06-10 12:31 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR Calculation was provided. - Due Diligence Vendor-06/10/2025 Ready for Review-Document Uploaded. DSCR Calc - Buyer-06/10/2025 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-06/05/2025 |
Resolved-DSCR Calculation was provided. - Due Diligence Vendor-06/10/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 70.03 months Long term residence - Borrower has lived at primary for 7 years |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4353634 | ||
| XXXXX | XXXXX | 9156954 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9156957 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9156968 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-06-09 10:03 | 2025-06-16 15:29 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. Legal Description - Buyer-06/12/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing legal description - Due Diligence Vendor-06/09/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/16/2025 |
LTV is less than guideline maximum - 59.96% LTV is less than 75% max. Months Reserves exceed minimum required - The Borrower has 13.95 months in reserves. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4379105 | ||
| XXXXX | XXXXX | 9156968 | C | A | C | A | A | A | A | A | Closed | FCRE1148 | 2025-06-09 10:09 | 2025-06-16 15:29 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received final Title policy reflecting sufficient coverage. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. loan policy issued in connection with the referenced transaction. Because we have already issued the actual loan policy, the commitment is no longer applicable so I am unable to me the change. (per title company) - Buyer-06/12/2025 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Title coverage is not sufficient - Due Diligence Vendor-06/09/2025 |
Resolved-Received final Title policy reflecting sufficient coverage. - Due Diligence Vendor-06/16/2025 |
LTV is less than guideline maximum - 59.96% LTV is less than 75% max. Months Reserves exceed minimum required - The Borrower has 13.95 months in reserves. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4379193 | ||
| XXXXX | XXXXX | 9157006 | C | A | C | A | A | A | A | A | Closed | FCRE8701 | 2025-06-05 23:58 | 2025-06-23 17:03 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-Received Business Documentation. - Due Diligence Vendor-06/19/2025 Ready for Review-Document Uploaded. Business docs including articles of amendment for business name change in 2021 - Buyer-06/18/2025 Open-The Business Entity Formation Document is Missing. Investor to review and approve all Entity documentation. The Articles of Organization and Operating Agreement in file do not match the LLC vested on title. - Due Diligence Vendor-06/06/2025 |
Resolved-Received Business Documentation. - Due Diligence Vendor-06/19/2025 |
DSCR % greater than 1.20 - DSCR % is 1.509 Qualifying FICO score is at least 20 points above minimum for program - 773 qualifying FICO score, 700 minimum score required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4354776 | ||
| XXXXX | XXXXX | 9157006 | C | A | C | A | A | A | A | A | Closed | FCRE0970 | 2025-06-06 00:20 | 2025-06-13 10:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Appraisal has issues (credit) | Resolved-CDA supports value with 30 additional comps and a low risk. - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. the CDA supports our value - Buyer-06/12/2025 Open-Appraiser to address Comp 1: increase of $23,350 for condition C4 which is the same condition for the subject property. Appraiser to verify that the overall decrease in value for Comp 1 does not affect the subject property's fair market value. - Due Diligence Vendor-06/06/2025 |
Resolved-CDA supports value with 30 additional comps and a low risk. - Due Diligence Vendor-06/13/2025 |
DSCR % greater than 1.20 - DSCR % is 1.509 Qualifying FICO score is at least 20 points above minimum for program - 773 qualifying FICO score, 700 minimum score required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4354812 | ||
| XXXXX | XXXXX | 9157006 | C | A | C | A | A | A | A | A | Closed | FCRE1479 | 2025-06-06 00:42 | 2025-06-13 10:15 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-After further review, this guide applied to non DSCR loans and this is a DSCR. - Due Diligence Vendor-06/13/2025 Open-Asset Record 1 Does Not Meet G/L Requirements Per client's requirements, a letter from a CPA, Third-Party Tax Preparer (excluding PTIN tax preparers) or borrower must be obtained verifying that the withdrawal of funds for the transaction will not have a negative impact on the business. - Due Diligence Vendor-06/06/2025 |
Resolved-After further review, this guide applied to non DSCR loans and this is a DSCR. - Due Diligence Vendor-06/13/2025 |
DSCR % greater than 1.20 - DSCR % is 1.509 Qualifying FICO score is at least 20 points above minimum for program - 773 qualifying FICO score, 700 minimum score required. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4354913 | |||
| XXXXX | XXXXX | 9166099 | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2025-06-06 05:21 | 2025-06-10 12:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Received Business Purpose Affidavit. - Due Diligence Vendor-06/10/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/09/2025 Open-The Business Purpose Affidavit Disclosure is Missing Missing Business Purpose Affidavit. - Due Diligence Vendor-06/06/2025 |
Resolved-Received Business Purpose Affidavit. - Due Diligence Vendor-06/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 823. Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 75.08 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4357326 | ||
| XXXXX | XXXXX | 9173500 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2025-06-09 07:34 | 2025-06-10 13:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received Guaranty Agreement - Due Diligence Vendor-06/10/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/09/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Missing'. - Due Diligence Vendor-06/09/2025 |
Resolved-Received Guaranty Agreement - Due Diligence Vendor-06/10/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 23.77 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 806. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4377501 | ||
| XXXXX | XXXXX | 9182082 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9146919 | D | A | D | A | A | A | A | A | Closed | FCRE8700 | 2025-06-09 10:15 | 2025-06-10 12:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Missing EIN Number for Business Entity | Resolved-Received EIN. - Due Diligence Vendor-06/10/2025 Ready for Review-Document Uploaded. EIN - Buyer-06/09/2025 Open-Missing EIN Number for Business Entity - Due Diligence Vendor-06/09/2025 |
Resolved-Received EIN. - Due Diligence Vendor-06/10/2025 |
Months Reserves exceed minimum required - The Borrower has 102.35 months in reserves. On time mortgage history exceeds guideline requirement - The Borrower has had 0x30 on the Mortgage History for the past 12 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4379304 | ||
| XXXXX | XXXXX | 9213118 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9213161 | C | A | C | A | A | A | A | A | Closed | FCRE7268 | 2025-06-06 13:39 | 2025-06-12 09:18 | Resolved | 1 - Information | B | A | Credit | Missing Doc | Missing Alt Lending Form | Resolved-Exception not required. Utilizing long term market rent. Lease is not required if the LTV is below 70%. - Due Diligence Vendor-06/12/2025 Open-Missing Lender Exception Request/Approval. Lender indicated in Appraisal correction request the subject property is an XXXXX Short-Term Rental use, with 2024 gross rentals calculated average $1769/mo. Lender requested to use Market Rent ($3929/mo) to calculate DSCR. A notice requesting a waived condition for the lease agreement was in file. Per Matrix pg6: If using a higher actual lease amount, evidence of 2-months of receipt is required, and the lease amount must be within 120% of the estimated market rent from the 1007/1025. - Due Diligence Vendor-06/06/2025 |
Resolved-Exception not required. Utilizing long term market rent. Lease is not required if the LTV is below 70%. - Due Diligence Vendor-06/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 729. Per guides, minimum score required 660. Months Reserves exceed minimum required - 83.11mos reserves. Per guides, 2 reserves required |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4363885 | |||
| XXXXX | XXXXX | 9213161 | C | A | C | A | A | A | A | A | Closed | FCRE2244 | 2025-06-06 13:45 | 2025-06-12 09:03 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property Does Not Meet Guidelines (credit) | Resolved-Appraisal page 5 confirms the property is vacant. - Due Diligence Vendor-06/12/2025 Open-Property Issues are identified for the property Lender requested Appraisal corrections to show subject property vacant. Both copies of Appraisal datedXXXXX do not reflect the correction. Appraiser stated "The subject is currently used as an XXXXX and not rented monthly. Based on last years rentals, a calculated average rent per unit could be $1,769 per month. - Due Diligence Vendor-06/06/2025 |
Resolved-Appraisal page 5 confirms the property is vacant. - Due Diligence Vendor-06/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 729. Per guides, minimum score required 660. Months Reserves exceed minimum required - 83.11mos reserves. Per guides, 2 reserves required |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4363995 | |||
| XXXXX | XXXXX | 9213161 | C | A | C | A | A | A | A | A | Closed | FCRE8201 | 2025-06-09 13:34 | 2025-06-12 09:02 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan does not conform to program guidelines | Resolved-Appraisal in file p. 5 indicates unit 3 is vacant - Due Diligence Vendor-06/12/2025 Open-Per appraisal - Unit 3 is owner occupied. - Due Diligence Vendor-06/09/2025 |
Resolved-Appraisal in file p. 5 indicates unit 3 is vacant - Due Diligence Vendor-06/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Borr qualifying FICO score 729. Per guides, minimum score required 660. Months Reserves exceed minimum required - 83.11mos reserves. Per guides, 2 reserves required |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4383289 | |||
| XXXXX | XXXXX | 9213126 | C | A | C | A | A | A | A | A | Closed | FCRE1198 | 2025-06-06 13:43 | 2025-07-02 10:28 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received missing asset documentation. Audited Reserves of 6.83 month(s) are greater than or equal to Guideline Required Reserves of 2 month(s) - Due Diligence Vendor-07/02/2025 Ready for Review-Document Uploaded. Please see attached. - Buyer-07/01/2025 Open-Audited Reserves of 0.34 month(s) are less than Guideline Required Reserves of 2 month(s) Proceeds from a 1031 Exchange cannot be used to meet reserve requirements. Additionally, missing asset statement for account #0305 ($22,030) ass reflected on the Final 1003. - Due Diligence Vendor-06/09/2025 |
Resolved-Received missing asset documentation. Audited Reserves of 6.83 month(s) are greater than or equal to Guideline Required Reserves of 2 month(s) - Due Diligence Vendor-07/02/2025 |
On time mortgage history exceeds guideline requirement - 0x30 on time mortgage housing history for 53 months. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 706; minimum score 640. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4363956 | ||
| XXXXX | XXXXX | 9213126 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2025-06-06 12:56 | 2025-06-10 16:44 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-After further review, the mortgage is current within 45 days of application date. - Due Diligence Vendor-06/10/2025 Open-Housing History Does Not Meet Guideline Requirements- Missing housing history for primary residence 2nd lien XXXXX payment being made for 4/25. Credit report only reported thru 3/25. - Due Diligence Vendor-06/06/2025 |
Resolved-After further review, the mortgage is current within 45 days of application date. - Due Diligence Vendor-06/10/2025 |
On time mortgage history exceeds guideline requirement - 0x30 on time mortgage housing history for 53 months. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 706; minimum score 640. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4363185 | |||
| XXXXX | XXXXX | 9213130 | C | A | C | A | A | A | A | A | Closed | FCRE1204 | 2025-06-06 14:13 | 2025-06-30 10:35 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-No high alerts reporting. - Due Diligence Vendor-06/30/2025 Open-Fraud Report Shows Uncleared Alerts Missing SSN verification - Due Diligence Vendor-06/06/2025 |
Resolved-No high alerts reporting. - Due Diligence Vendor-06/30/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 715 Qualifying FICO score is at least 20 points above 640 minimum for program Months Reserves exceed minimum required - 13.3 Months Reserves exceed 2 minimum required |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4364597 | |||
| XXXXX | XXXXX | 9213130 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-06-06 13:41 | 2025-06-11 15:23 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Legal description provided. - Due Diligence Vendor-06/11/2025 Open-Missing legal description - Due Diligence Vendor-06/06/2025 |
Resolved-Legal description provided. - Due Diligence Vendor-06/11/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 715 Qualifying FICO score is at least 20 points above 640 minimum for program Months Reserves exceed minimum required - 13.3 Months Reserves exceed 2 minimum required |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4363905 | |||
| XXXXX | XXXXX | 9213113 | D | A | A | A | D | A | A | A | Closed | finding-3635 | 2025-06-05 11:01 | 2025-06-13 07:43 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Upon further review, finding resolved. - Due Diligence Vendor-06/13/2025 Ready for Review-Borrower choose their own representation. No tolerance. - Buyer-06/12/2025 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($2,015.50) exceed the comparable charges ($1,701.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Ten (10%) tolerance fees (Abstract / Title Search Fee, Administration Fee, Attorney fee, Closing Protection Letter Fee, Document Preparation Fee, Lender's Title Insurance Policy, Title Courier Fee, Title Insurance Binder Fee ) increased by $$144.40 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $$144.40, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 1 year- Expiration date is XXXXX- Due Diligence Vendor-06/05/2025 |
Resolved-Upon further review, finding resolved. - Due Diligence Vendor-06/13/2025 |
Months Reserves exceed minimum required - 247 months reserves less than 6 month minimum Qualifying FICO score is at least 20 points above minimum for program - FICO 731 is higher than 680 minimum |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4345250 | |||
| XXXXX | XXXXX | 9213113 | D | A | A | A | D | A | A | A | Closed | FCOM2630 | 2025-06-05 10:59 | 2025-06-13 07:38 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Missing Attorney Preference Letter | Resolved-Right To Choose Attorney or Attorney Preference Resolved or Not Applicable - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. Please see attached. - Buyer-06/12/2025 Open-Right To Choose Attorney or Attorney Preference Not In File Missing Attorney Disclosure - Due Diligence Vendor-06/05/2025 |
Resolved-Right To Choose Attorney or Attorney Preference Resolved or Not Applicable - Due Diligence Vendor-06/13/2025 |
Months Reserves exceed minimum required - 247 months reserves less than 6 month minimum Qualifying FICO score is at least 20 points above minimum for program - FICO 731 is higher than 680 minimum |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4345201 | ||
| XXXXX | XXXXX | 9213148 | B | B | A | A | B | B | A | A | Closed | FCOM1302 | 2025-06-05 14:24 | 2025-06-05 14:30 | Waived | 2 - Non-Material | B | B | Compliance | Disclosure | Home Loan Toolkit Not Provided Within 3 Days of Application Date | Waived-The Home Loan Toolkit was not provided within 3 days of the Application Date (Number of Days Difference is '4'). Originator waiver applied to non-material Findings. - Due Diligence Vendor-06/05/2025 |
Waived-The Home Loan Toolkit was not provided within 3 days of the Application Date (Number of Days Difference is '4'). Originator waiver applied to non-material Findings. - Due Diligence Vendor-06/05/2025 |
Months Reserves exceed minimum required - 7.35mos reserves. Per guides, 3 reserves required Qualifying DTI below maximum allowed - Borr DTI 19.71%. Per guides, maximum DTI 50%. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4349769 | |||
| XXXXX | XXXXX | 9213107 | C | B | C | B | B | B | A | A | Closed | FCRE1440 | 2025-06-06 15:21 | 2025-06-09 13:24 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Housing History Does Not Meet Guideline Requirements: VOR from private landlord. Client exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to strong compensating factors. - Due Diligence Vendor-06/09/2025 |
Waived-Housing History Does Not Meet Guideline Requirements: VOR from private landlord. Client exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to strong compensating factors. - Due Diligence Vendor-06/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 640, Bwr FICO 740 Months Reserves exceed minimum required - 30 mths reserves; 6 mths required. |
Reserves 10+ months Resid Inc +5.6k FICO 740 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4365719 | ||
| XXXXX | XXXXX | 9213107 | C | B | C | B | B | B | A | A | Closed | FCOM5135 | 2025-06-05 12:34 | 2025-06-05 12:48 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-06/05/2025 | Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-06/05/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 640, Bwr FICO 740 Months Reserves exceed minimum required - 30 mths reserves; 6 mths required. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4347974 | |||
| XXXXX | XXXXX | 9213136 | C | B | C | A | B | B | A | A | Closed | FCRE0200 | 2025-06-09 07:55 | 2025-07-01 10:13 | Resolved | 1 - Information | C | A | Credit | Debt | Missing proof of liability not disclosed on credit report | Resolved-Received Terms of the Home Equity Line of Credit. - Due Diligence Vendor-07/01/2025 Ready for Review-Document Uploaded. Please see attached. - Buyer-06/30/2025 Open-Missing proof of liability not disclosed on credit report - Missing monthly HELOC payment on property 3A. - Due Diligence Vendor-06/09/2025 |
Resolved-Received Terms of the Home Equity Line of Credit. - Due Diligence Vendor-07/01/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680 / Borrower FICO 726 LTV is less than guideline maximum - MAX LTV 90% / Subject LTV 85% |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4377640 | ||
| XXXXX | XXXXX | 9213136 | C | B | C | A | B | B | A | A | Closed | FCOM1301 | 2025-06-05 13:16 | 2025-06-05 13:16 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Home Loan Toolkit is Missing | Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non-material Findings. - Due Diligence Vendor-06/05/2025 | Waived-The Home Loan Toolkit disclosure is missing. Client waiver applied to non-material Findings. - Due Diligence Vendor-06/05/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680 / Borrower FICO 726 LTV is less than guideline maximum - MAX LTV 90% / Subject LTV 85% |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4348575 | |||
| XXXXX | XXXXX | 9213136 | C | B | C | A | B | B | A | A | Closed | FCOM5135 | 2025-06-05 13:16 | 2025-06-05 13:16 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-06/05/2025 | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-06/05/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 680 / Borrower FICO 726 LTV is less than guideline maximum - MAX LTV 90% / Subject LTV 85% |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4348576 | |||
| XXXXX | XXXXX | 9213152 | C | B | C | B | B | B | A | A | Closed | FCRE6026 | 2025-06-09 18:10 | 2025-06-11 16:44 | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Potential Employment/income Issues identified in the file | Waived-Client waiver applied to non-material finding with compensating factors. 6 NSF's in a 12-month period. - Due Diligence Vendor-06/11/2025 Open-The bank statements provided reflect 6 NSF’s over the past 12 months. The guidelines state an occurrence is defined as one or more checks returned the same day with the maximum allowed of 1 occurrence in 3 months and up to 3 occurrences in the most recent 12 months. Exception form provided. - Due Diligence Vendor-06/11/2025 |
Waived-Client waiver applied to non-material finding with compensating factors. 6 NSF's in a 12-month period. - Due Diligence Vendor-06/11/2025 |
Qualifying DTI below maximum allowed - The calculated DTI is 8.45%, max allowed is 50%. Months Reserves exceed minimum required - • Qualifying Assets calculated at 15.66 Months of reserves; 12 months reserves required |
residual income $515,944 DTI 8.45% 63.64% LTV > 10 year employed. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4388176 | ||
| XXXXX | XXXXX | 9213152 | C | B | C | B | B | B | A | A | Closed | FCOM5135 | 2025-06-05 13:58 | 2025-06-05 13:58 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing ----Client waiver applied to non-material Findings. - Due Diligence Vendor-06/05/2025 |
Waived-Required Affiliated Business Disclosure Missing ----Client waiver applied to non-material Findings. - Due Diligence Vendor-06/05/2025 |
Qualifying DTI below maximum allowed - The calculated DTI is 8.45%, max allowed is 50%. Months Reserves exceed minimum required - • Qualifying Assets calculated at 15.66 Months of reserves; 12 months reserves required |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4349301 | |||
| XXXXX | XXXXX | 9213125 | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9213131 | D | A | D | A | A | A | A | A | Closed | FCRE1316 | 2025-06-09 14:23 | 2025-07-10 13:44 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-06/10/2025 Open-Borrower 1 3rd Party VOE Prior to Close Missing Missing final VOE. - Due Diligence Vendor-06/09/2025 |
Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-06/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 781 is higher than 700 Qualifying DTI below maximum allowed - DTI 17.52% Lower than 50% max allowed |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4384167 | |||
| XXXXX | XXXXX | 9213131 | D | A | D | A | A | A | A | A | Closed | FCRE4805 | 2025-06-09 14:03 | 2025-06-18 09:50 | Resolved | 1 - Information | C | A | Credit | Eligibility | Trust/POA Does Not Meet Guideline Requirements | Resolved-Trust Cert is received - Due Diligence Vendor-06/18/2025 Ready for Review-Document Uploaded. Please see attached. - Buyer-06/11/2025 Open-Trust/POA Does Not Meet Guideline Requirements Missing a copy of the trust / certificate of trust. - Due Diligence Vendor-06/09/2025 |
Resolved-Trust Cert is received - Due Diligence Vendor-06/18/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 781 is higher than 700 Qualifying DTI below maximum allowed - DTI 17.52% Lower than 50% max allowed |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4383882 | ||
| XXXXX | XXXXX | 9213131 | D | A | D | A | A | A | A | A | Closed | FCRE1182 | 2025-06-06 22:57 | 2025-06-10 16:20 | Resolved | 1 - Information | B | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided | Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-06/10/2025 Open-Missing Approval/Underwriting Summary Missing approval. - Due Diligence Vendor-06/09/2025 |
Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-06/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 781 is higher than 700 Qualifying DTI below maximum allowed - DTI 17.52% Lower than 50% max allowed |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4369861 | |||
| XXXXX | XXXXX | 9213131 | D | A | D | A | A | A | A | A | Closed | FCRE1152 | 2025-06-06 22:03 | 2025-06-10 16:18 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Evidence of Property Tax is present - Due Diligence Vendor-06/10/2025 Open-Missing Evidence of Property Tax Missing evidence of the document used to determine taxes - reviewer used taxes from the CD. - Due Diligence Vendor-06/09/2025 |
Resolved-Evidence of Property Tax is present - Due Diligence Vendor-06/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 781 is higher than 700 Qualifying DTI below maximum allowed - DTI 17.52% Lower than 50% max allowed |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4369785 | |||
| XXXXX | XXXXX | 9213108 | C | A | C | A | A | A | A | A | Closed | FCRE1278 | 2025-06-06 11:13 | 2025-06-10 16:51 | Resolved | 1 - Information | C | A | Credit | Eligibility | Escrow waiver guidelines were not met | Resolved-After further review, an escrow waiver is not required. - Due Diligence Vendor-06/10/2025 Open------Missing escrow waiver - Due Diligence Vendor-06/06/2025 |
Resolved-After further review, an escrow waiver is not required. - Due Diligence Vendor-06/10/2025 |
Months Reserves exceed minimum required - Reserves of 49 months are greater than 6 month minimum Qualifying FICO score is at least 20 points above minimum for program - FICO 743 is higher than the 700 minimum required |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4361492 | |||
| XXXXX | XXXXX | 9156988 | D | A | D | A | A | A | A | A | Closed | FCOM1227 | 2025-06-06 10:17 | 2025-06-20 11:26 | Resolved | 1 - Information | D | A | Credit | Missing Doc | PUD Rider is Missing | Resolved-Received complete security instrument inclusive of PUD Rider. - Due Diligence Vendor-06/20/2025 Ready for Review-Document Uploaded. DOT with PUD rider - Buyer-06/18/2025 Open-PUD Rider is Missing - Due Diligence Vendor-06/06/2025 |
Resolved-Received complete security instrument inclusive of PUD Rider. - Due Diligence Vendor-06/20/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 806. Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 9.69 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4359885 | ||
| XXXXX | XXXXX | 9156988 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2025-06-06 10:25 | 2025-06-12 13:22 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOR. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. VOR - Buyer-06/10/2025 Open-Housing History Does Not Meet Guideline Requirements Acceptable housing history requires evidence that a borrower has made a housing payment for at least the last 12 months whereby that payment history meets the requirements of the eXperienced Investor Program Credit Matrix. If a borrower is renting their primary residence, a VOR from the landlord is required with no additional documentation (e.g. cancelled checks not required). - Due Diligence Vendor-06/06/2025 |
Resolved-Received VOR. - Due Diligence Vendor-06/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 806. Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 9.69 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4359991 | ||
| XXXXX | XXXXX | 9156988 | D | A | D | A | A | A | A | A | Closed | FCRE5116 | 2025-06-06 10:25 | 2025-06-12 13:22 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing VOM or VOR | Resolved-Received VOR - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. VOR - Buyer-06/10/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Acceptable housing history requires evidence that a borrower has made a housing payment for at least the last 12 months whereby that payment history meets the requirements of the eXperienced Investor Program Credit Matrix. If a borrower is renting their primary residence, a VOR from the landlord is required with no additional documentation (e.g. cancelled checks not required). - Due Diligence Vendor-06/06/2025 |
Resolved-Received VOR - Due Diligence Vendor-06/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 806. Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 9.69 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4359992 | ||
| XXXXX | XXXXX | 9156988 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-06 10:55 | 2025-06-12 13:20 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR Calculation - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. DSCR - Seller-06/10/2025 Open-The DSCR Calculation from lender is Missing. DSCR Calc not in file and not on 1008. - Due Diligence Vendor-06/06/2025 |
Ready for Review-Document Uploaded. DSCR - Seller-06/10/2025 |
Resolved-Received DSCR Calculation - Due Diligence Vendor-06/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 806. Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 9.69 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4360610 | |
| XXXXX | XXXXX | 9156988 | D | A | D | A | A | A | A | A | Closed | FCRE1157 | 2025-06-06 10:20 | 2025-06-12 13:18 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Received Hazard Insurance Policy - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. HOI Uploaded - Seller-06/10/2025 Open-Missing Hazard Insurance Policy Missing Hazard insurance Policy. - Due Diligence Vendor-06/06/2025 |
Ready for Review-Document Uploaded. HOI Uploaded - Seller-06/10/2025 |
Resolved-Received Hazard Insurance Policy - Due Diligence Vendor-06/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 806. Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 9.69 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4359927 | |
| XXXXX | XXXXX | 9156990 | D | A | D | A | A | A | A | A | Closed | FCRE8257 | 2025-06-13 15:16 | 2025-06-25 12:04 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Prepayment Rider-Credit | Resolved-Received corrected Note Addendum and Rider with intent to re record reflecting terms of prepay. - Due Diligence Vendor-06/25/2025 Ready for Review-Document Uploaded. corrected rider and note to be recorded and shipped to custodian - Seller-06/24/2025 Open-The prepay addendum to the Note and Prepay Rider to the Mortgage do not indicate the term of the prepay, the forms reflect N/A. The correct number of months needs to be added. - Due Diligence Vendor-06/13/2025 |
Ready for Review-Document Uploaded. corrected rider and note to be recorded and shipped to custodian - Seller-06/24/2025 |
Resolved-Received corrected Note Addendum and Rider with intent to re record reflecting terms of prepay. - Due Diligence Vendor-06/25/2025 |
LTV is less than guideline maximum - LTV 70%; max 80%. Months Reserves exceed minimum required - 657 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4444999 | |
| XXXXX | XXXXX | 9156990 | D | A | D | A | A | A | A | A | Closed | FCRE5116 | 2025-06-10 08:22 | 2025-06-12 14:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing VOM or VOR | Resolved-Received VOR and payment verification. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. VOR Uploaded - Buyer-06/10/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Verification of Rent (VOR) with lease and cancelled checks or bank statements showing timely payments, If was/is renting from a management company, obtain a fully executed VOR. Otherwise, obtain the most recent lease, along with payment history ledger from management company, canceled checks front and back OR bank statements - Due Diligence Vendor-06/10/2025 |
Resolved-Received VOR and payment verification. - Due Diligence Vendor-06/12/2025 |
LTV is less than guideline maximum - LTV 70%; max 80%. Months Reserves exceed minimum required - 657 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4392593 | ||
| XXXXX | XXXXX | 9156990 | D | A | D | A | A | A | A | A | Closed | FCRE5790 | 2025-06-10 11:55 | 2025-06-12 14:11 | Resolved | 1 - Information | C | A | Credit | Closing | Borrower 1 Gap Credit Report is Expired (Greater than 10 Days from Closing/Settlement Date) | Resolved-Received Gap Report. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. udn doesn't have an end date was monitored thru closing - ill pull report showing updated end date / ENDED UDN - Buyer-06/10/2025 Open-Borrower 1 Gap Credit Report is Expired (Greater than 10 days from Closing/Settlement Date). > 10 days from closing. - Due Diligence Vendor-06/10/2025 |
Resolved-Received Gap Report. - Due Diligence Vendor-06/12/2025 |
LTV is less than guideline maximum - LTV 70%; max 80%. Months Reserves exceed minimum required - 657 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4396078 | ||
| XXXXX | XXXXX | 9156990 | D | A | D | A | A | A | A | A | Closed | FCRE8701 | 2025-06-06 11:49 | 2025-06-12 14:08 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-The Business Entity Formation Document is not Missing - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. business entity docs - Seller-06/10/2025 Open-The Business Entity Formation Document is Missing. Investor to review and approve all Entity documentation. Mortgage signed in name of business, XXXXX Missing EIN Number - Due Diligence Vendor-06/06/2025 |
Ready for Review-Document Uploaded. business entity docs - Seller-06/10/2025 |
Resolved-The Business Entity Formation Document is not Missing - Due Diligence Vendor-06/12/2025 |
LTV is less than guideline maximum - LTV 70%; max 80%. Months Reserves exceed minimum required - 657 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4362296 | |
| XXXXX | XXXXX | 9156991 | D | A | D | A | A | A | A | A | Closed | FCRE0969 | 2025-06-18 17:39 | 2025-06-25 12:26 | Resolved | 1 - Information | C | A | Credit | Closing | Prepayment Penalty Issue | Resolved-Received corrected payment penalty note addendum and rider along with intent to re record. - Due Diligence Vendor-06/25/2025 Ready for Review-Document Uploaded. corrected note and rider to be shipped to custodian and recorder - Seller-06/24/2025 Open-The prepay addendum to the Note and the prepay Rider to the Mortgage do not indicate the prepayment term. N/A is in the place of the prepay term and needs to be updated to the correct number of months. - Due Diligence Vendor-06/18/2025 |
Ready for Review-Document Uploaded. corrected note and rider to be shipped to custodian and recorder - Seller-06/24/2025 |
Resolved-Received corrected payment penalty note addendum and rider along with intent to re record. - Due Diligence Vendor-06/25/2025 |
Months Reserves exceed minimum required - 701 months PITIA reserves; 3 months reserves required. LTV is less than guideline maximum - LTV 70%; max 80%. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4493825 | |
| XXXXX | XXXXX | 9156991 | D | A | D | A | A | A | A | A | Closed | FCRE8701 | 2025-06-10 09:25 | 2025-06-17 12:44 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-The EIN was provided. - Due Diligence Vendor-06/17/2025 Counter-Received business entity documentation. Missing EIN from IRS. - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. business entity docs - Seller-06/10/2025 Open-The Business Entity Formation Document is Missing. Investor to review and approve all Entity documentation. Missing all LLC docs to meet guide - Due Diligence Vendor-06/10/2025 |
Ready for Review-Document Uploaded. business entity docs - Seller-06/10/2025 |
Resolved-The EIN was provided. - Due Diligence Vendor-06/17/2025 |
Months Reserves exceed minimum required - 701 months PITIA reserves; 3 months reserves required. LTV is less than guideline maximum - LTV 70%; max 80%. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4393398 | |
| XXXXX | XXXXX | 9156991 | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2025-06-10 11:00 | 2025-06-17 12:43 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Received Business Purpose Affidavit. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. Business Purpose Affidavit Uploaded - Seller-06/12/2025 Open-The Business Purpose Affidavit Disclosure is Missing Vested in business entity, BP affidavit is required, occupancy affidavit only in file. - Due Diligence Vendor-06/10/2025 |
Ready for Review-Document Uploaded. Business Purpose Affidavit Uploaded - Seller-06/12/2025 |
Resolved-Received Business Purpose Affidavit. - Due Diligence Vendor-06/16/2025 |
Months Reserves exceed minimum required - 701 months PITIA reserves; 3 months reserves required. LTV is less than guideline maximum - LTV 70%; max 80%. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4394841 | |
| XXXXX | XXXXX | 9156991 | D | A | D | A | A | A | A | A | Closed | FCRE5116 | 2025-06-10 10:06 | 2025-06-11 14:02 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing VOM or VOR | Resolved-Received VOR and proof of payments. - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. VOR ATTATCHED AND BANK STATEMENT VERIFYING RENT PAYMENTS WITH LOE FOR RENT PAYMENTS - Seller-06/10/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing full 12 month VOR/proof of payments to meet guidelines. - Due Diligence Vendor-06/10/2025 |
Ready for Review-Document Uploaded. VOR ATTATCHED AND BANK STATEMENT VERIFYING RENT PAYMENTS WITH LOE FOR RENT PAYMENTS - Seller-06/10/2025 |
Resolved-Received VOR and proof of payments. - Due Diligence Vendor-06/11/2025 |
Months Reserves exceed minimum required - 701 months PITIA reserves; 3 months reserves required. LTV is less than guideline maximum - LTV 70%; max 80%. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4393969 | |
| XXXXX | XXXXX | 9182061 | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2025-06-10 09:29 | 2025-06-11 14:04 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Received business purpose affidavit. - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/10/2025 Open-The Business Purpose Affidavit Disclosure is Missing Form provided is not signed. - Due Diligence Vendor-06/10/2025 |
Resolved-Received business purpose affidavit. - Due Diligence Vendor-06/11/2025 |
Months Reserves exceed minimum required - The Borrower has 78.27 months in reserves. Qualifying FICO score is at least 20 points above minimum for program - The Borrowers credit score is 739; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4393445 | ||
| XXXXX | XXXXX | 9173487 | D | B | D | B | A | A | A | A | Closed | FCRE0043 | 2025-06-09 11:00 | 2025-06-12 12:23 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. DSCR - Buyer-06/11/2025 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-06/09/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-06/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 760 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 198.17 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4380136 | ||
| XXXXX | XXXXX | 9173487 | D | B | D | B | A | A | A | A | Closed | FCRE3333 | 2025-06-09 11:48 | 2025-06-10 10:18 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Subject property was listed for sale within a time period not allowed by guidelines | Waived-Client exception granted to allow property listed for sale and not removed > 30 days from application, Non-material waiver applied with comp factors. non-material due to using lower listed sales price and rate and term - Due Diligence Vendor-06/10/2025 Open-Subject property was listed for sale within a time period not allowed per guidelines Sale Restriction - Property must be removed from listing for at lease one month prior to application. The subject property listing was removed on 05/06/2025. The application date for this refinance transaction was 05/07/2025. Requestion an exception to allow for this refinance transaction even though the lisiting was not removed at lease one month prior to application. The Borrower will be getting a 5 year prepayment penalty. - Due Diligence Vendor-06/09/2025 |
Waived-Client exception granted to allow property listed for sale and not removed > 30 days from application, Non-material waiver applied with comp factors. non-material due to using lower listed sales price and rate and term - Due Diligence Vendor-06/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 760 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 198.17 months |
Credit Score - 60 oiubts above minimum, Reserves - 187 months, Credit HIstory - 0x30x24 months | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | Investor Post-Close | No | 4381378 | ||
| XXXXX | XXXXX | 9182105 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2025-06-12 16:50 | 2025-06-16 15:19 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received Guaranty Agreement - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. Updated Personal Guaranty Uploaded - Buyer-06/12/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Partial'. The borrower's business entity name cannot be listed above the borrower's signature on the Guaranty agreement. - Due Diligence Vendor-06/12/2025 |
Resolved-Received Guaranty Agreement - Due Diligence Vendor-06/16/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 18.75 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 751. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4431769 | ||
| XXXXX | XXXXX | 9182105 | D | A | D | A | A | A | A | A | Closed | FCRE8887 | 2025-06-09 08:59 | 2025-06-11 14:44 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-Received corrected 1003 - Due Diligence Vendor-06/11/2025 Ready for Review-Document Uploaded. 1003 - Buyer-06/10/2025 Open-Section 5: Declarations is not completed on Final 1003. Additional conditions may apply. - Due Diligence Vendor-06/09/2025 |
Resolved-Received corrected 1003 - Due Diligence Vendor-06/11/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 18.75 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 751. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4378281 | ||
| XXXXX | XXXXX | 9182090 | D | A | D | A | A | A | A | A | Closed | FCRE1151 | 2025-06-09 09:55 | 2025-06-23 11:53 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Received revised preliminary title report reflecting 24 month chain of title. - Due Diligence Vendor-06/23/2025 Ready for Review-Document Uploaded. Here is the 24 month COT…Page 6 of commitment - Buyer-06/20/2025 Open-Unsatisfactory Chain of Title provided. Missing 24 month chain of title - Due Diligence Vendor-06/09/2025 |
Resolved-Received revised preliminary title report reflecting 24 month chain of title. - Due Diligence Vendor-06/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 744 FICO, 700 required Months Reserves exceed minimum required - 9 months reserves documented, 3 months required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4378935 | ||
| XXXXX | XXXXX | 9182090 | D | A | D | A | A | A | A | A | Closed | FCRE8224 | 2025-06-09 09:40 | 2025-06-13 11:09 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Operating Agreement | Resolved-Received operating agreement confirming borrower 100% ownership in XXXXX. - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/12/2025 Open-Missing operating agreement for XXXXX-Owning entity of XXXXX and conveyor of subject property on XXXXX(day of close). Refinance transaction. - Due Diligence Vendor-06/09/2025 |
Resolved-Received operating agreement confirming borrower 100% ownership in XXXXX. - Due Diligence Vendor-06/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 744 FICO, 700 required Months Reserves exceed minimum required - 9 months reserves documented, 3 months required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4378784 | ||
| XXXXX | XXXXX | 9182090 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-09 10:32 | 2025-06-13 11:07 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. DSCR - Seller-06/12/2025 Open-The DSCR Calculation from lender is Missing. DSCR calculation s required - Due Diligence Vendor-06/09/2025 |
Ready for Review-Document Uploaded. DSCR - Seller-06/12/2025 |
Resolved-Received DSCR calculation - Due Diligence Vendor-06/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 744 FICO, 700 required Months Reserves exceed minimum required - 9 months reserves documented, 3 months required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4379625 | |
| XXXXX | XXXXX | 9182090 | D | A | D | A | A | A | A | A | Closed | FCRE0112 | 2025-06-09 10:32 | 2025-06-13 11:07 | Resolved | 1 - Information | C | A | Credit | Eligibility | Approval/Underwriting Summary Not Provided_3 | Resolved-Received 1008. - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. Lender approval - Seller-06/12/2025 Open-Approval/Underwriting Summary Not Provided. Approval/1008 is required - Due Diligence Vendor-06/09/2025 |
Ready for Review-Document Uploaded. Lender approval - Seller-06/12/2025 |
Resolved-Received 1008. - Due Diligence Vendor-06/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 744 FICO, 700 required Months Reserves exceed minimum required - 9 months reserves documented, 3 months required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4379626 | |
| XXXXX | XXXXX | 9156978 | D | A | D | A | A | A | A | A | Closed | FCRE0116 | 2025-06-09 11:27 | 2025-06-17 13:08 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Warrantability Documentation | Resolved-Received UW Cert of warrantability. - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. Attestation for Condo Warrantibility - Buyer-06/17/2025 Open-Missing Warrantability Documentation. - Due Diligence Vendor-06/09/2025 |
Resolved-Received UW Cert of warrantability. - Due Diligence Vendor-06/17/2025 |
LTV is less than guideline maximum - LTV 70%; max 85%. Months Reserves exceed minimum required - 15 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4380651 | ||
| XXXXX | XXXXX | 9156978 | D | A | D | A | A | A | A | A | Closed | FPRO1255 | 2025-06-09 10:47 | 2025-06-17 13:07 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | HOA Questionnaire Document is Missing | Resolved-CPM provided, questionnaire not required. - Due Diligence Vendor-06/17/2025 Ready for Review-CPM approval provided, questionnaire not applicable - Buyer-06/16/2025 Open-Subject Property is part of an HOA but the HOA Questionnaire Document is Missing. - Due Diligence Vendor-06/09/2025 |
Resolved-CPM provided, questionnaire not required. - Due Diligence Vendor-06/17/2025 |
LTV is less than guideline maximum - LTV 70%; max 85%. Months Reserves exceed minimum required - 15 months PITIA reserves; 3 months reserves required. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4379895 | |||
| XXXXX | XXXXX | 9156978 | D | A | D | A | A | A | A | A | Closed | FCRE1748 | 2025-06-09 11:33 | 2025-06-17 13:06 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Certificate of Occupancy | Resolved-Received Occupancy cert and Business Purpose. - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. Supporting docs - Buyer-06/16/2025 Open-Purchase transaction of Investment Property for business purpose, Occupancy Cert is required as well. - Due Diligence Vendor-06/10/2025 |
Resolved-Received Occupancy cert and Business Purpose. - Due Diligence Vendor-06/17/2025 |
LTV is less than guideline maximum - LTV 70%; max 85%. Months Reserves exceed minimum required - 15 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4381164 | ||
| XXXXX | XXXXX | 9182080 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9156984 | D | A | D | A | A | A | A | A | Closed | FCRE0112 | 2025-06-09 19:21 | 2025-06-12 14:50 | Resolved | 1 - Information | C | A | Credit | Eligibility | Approval/Underwriting Summary Not Provided_3 | Resolved-Received 1008 - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. 1008 - Seller-06/11/2025 Open-Approval/Underwriting Summary Not Provided. - Due Diligence Vendor-06/09/2025 |
Ready for Review-Document Uploaded. 1008 - Seller-06/11/2025 |
Resolved-Received 1008 - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrowers have 122.24 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4388829 | |
| XXXXX | XXXXX | 9156984 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-09 19:21 | 2025-06-12 14:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. DSCR WORKSHEET - Buyer-06/11/2025 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-06/09/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrowers have 122.24 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4388828 | ||
| XXXXX | XXXXX | 9156984 | D | A | D | A | A | A | A | A | Closed | FCRE1157 | 2025-06-09 19:10 | 2025-06-12 14:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Received HOI policy. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. HOI - Buyer-06/11/2025 Open-Missing Hazard Insurance Policy HOI Dec page is missing. - Due Diligence Vendor-06/10/2025 |
Resolved-Received HOI policy. - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrowers have 122.24 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4388738 | ||
| XXXXX | XXXXX | 9156984 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2025-06-10 14:05 | 2025-06-12 14:48 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received rent free letter. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. RENT FREE LETTER - Seller-06/11/2025 Open-Housing History Does Not Meet Guideline Requirements Missing evidence B2 lives rent free. - Due Diligence Vendor-06/10/2025 |
Ready for Review-Document Uploaded. RENT FREE LETTER - Seller-06/11/2025 |
Resolved-Received rent free letter. - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrowers have 122.24 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4398764 | |
| XXXXX | XXXXX | 9156984 | D | A | D | A | A | A | A | A | Closed | FCRE1201 | 2025-06-09 19:16 | 2025-06-12 14:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Received fraud report. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. fraud - Buyer-06/11/2025 Open-Missing Third Party Fraud Report - Due Diligence Vendor-06/09/2025 |
Resolved-Received fraud report. - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrowers have 122.24 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4388781 | ||
| XXXXX | XXXXX | 9156985 | D | A | D | A | A | A | D | A | Closed | FCRE0070 | 2025-06-09 16:05 | 2025-08-04 17:13 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. 1008 uploaded - Buyer-06/10/2025 Open-Missing Approval/Underwriting Summary - Due Diligence Vendor-06/09/2025 |
Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 118.21 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4386162 | ||
| XXXXX | XXXXX | 9156985 | D | A | D | A | A | A | D | A | Closed | FCRE1440 | 2025-06-10 14:10 | 2025-08-04 17:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received Rent Free Letter for B2. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. Rent Free letter uploaded - Buyer-06/10/2025 Open-Housing History Does Not Meet Guideline Requirements Missing evidence that B2 lives rent free. - Due Diligence Vendor-06/10/2025 |
Resolved-Received Rent Free Letter for B2. - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 118.21 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4398956 | ||
| XXXXX | XXXXX | 9156985 | D | A | D | A | A | A | D | A | Closed | FCRE1157 | 2025-06-09 15:50 | 2025-06-16 10:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Received Insurance Policy - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. HOI - Buyer-06/11/2025 Open-Missing Hazard Insurance Policy Missing HOI Dec page. - Due Diligence Vendor-06/10/2025 |
Resolved-Received Insurance Policy - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 118.21 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4385821 | ||
| XXXXX | XXXXX | 9156985 | D | A | D | A | A | A | D | A | Closed | FCRE1201 | 2025-06-09 15:55 | 2025-06-12 12:43 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Received Fraud Report. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. Fraud report - Buyer-06/11/2025 Open-Missing Third Party Fraud Report - Due Diligence Vendor-06/09/2025 |
Resolved-Received Fraud Report. - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 118.21 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4385958 | ||
| XXXXX | XXXXX | 9156985 | D | A | D | A | A | A | D | A | Closed | FCRE0043 | 2025-06-09 16:03 | 2025-06-12 12:36 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR Calculation was located. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. DSCR worksheet - Buyer-06/10/2025 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-06/09/2025 |
Resolved-DSCR Calculation was located. - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 118.21 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4386098 | ||
| XXXXX | XXXXX | 9156985 | D | A | D | A | A | A | D | A | Closed | FCRE0112 | 2025-06-09 16:03 | 2025-06-12 12:36 | Resolved | 1 - Information | C | A | Credit | Eligibility | Approval/Underwriting Summary Not Provided_3 | Resolved-Rule False - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. 1008 - Buyer-06/10/2025 Open-Approval/Underwriting Summary Not Provided. - Due Diligence Vendor-06/09/2025 |
Resolved-Rule False - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 118.21 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4386099 | ||
| XXXXX | XXXXX | 9156985 | D | A | D | A | A | A | D | A | Closed | FPRO1253 | 2025-06-09 15:47 | 2025-06-12 12:33 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Received Desk Review. Value is supported. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. CDA - Buyer-06/10/2025 Open-Additional valuation product has not been provided. - Due Diligence Vendor-06/09/2025 |
Resolved-Received Desk Review. Value is supported. - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 118.21 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4385764 | ||
| XXXXX | XXXXX | 9173496 | D | A | D | A | A | A | A | A | Closed | FCRE5116 | 2025-06-09 19:34 | 2025-06-17 10:43 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing VOM or VOR | Resolved-Received rent free letter. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. rent free letter - Buyer-06/11/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Missing documentation to support borrower's assertion of no primary housing expense which meets guidelines, i.e. "rent free' letter of explanation from the homeowner. - Due Diligence Vendor-06/09/2025 |
Resolved-Received rent free letter. - Due Diligence Vendor-06/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 768 Min 700 LTV is less than guideline maximum - LTV: 70% Max 80% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4388908 | ||
| XXXXX | XXXXX | 9190375 | D | A | D | A | A | A | A | A | Closed | FCRE7375 | 2025-06-26 16:50 | 2025-07-02 13:33 | Resolved | 1 - Information | C | A | Credit | Borrower | Citizenship Does Not Meet Guideline Requirements | Resolved-Received I-797-confirming 48 months extension. - Due Diligence Vendor-07/02/2025 Ready for Review-Document Uploaded. I797 Extension - Seller-07/01/2025 Open-The borrower is a Permanent Resident Alien, and their EAD has expired. Please provide proof that a Form I-90 has been filed. - Due Diligence Vendor-06/26/2025 |
Ready for Review-Document Uploaded. I797 Extension - Seller-07/01/2025 |
Resolved-Received I-797-confirming 48 months extension. - Due Diligence Vendor-07/02/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 258.04 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 742. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4578192 | |
| XXXXX | XXXXX | 9190375 | D | A | D | A | A | A | A | A | Closed | FCRE1254 | 2025-06-10 14:26 | 2025-06-25 11:12 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received operating agreement confirming vested entity owned 100% by borrower. - Due Diligence Vendor-06/25/2025 Ready for Review-Document Uploaded. reuploading opp agrmt - Seller-06/24/2025 Open-Property Title Issue Title is held in the name of XXXXX. Missing documentation verifying that the company belongs to the borrower. - Due Diligence Vendor-06/10/2025 |
Ready for Review-Document Uploaded. reuploading opp agrmt - Seller-06/24/2025 |
Resolved-Received operating agreement confirming vested entity owned 100% by borrower. - Due Diligence Vendor-06/25/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 258.04 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 742. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4399400 | |
| XXXXX | XXXXX | 9190375 | D | A | D | A | A | A | A | A | Closed | FCRE0070 | 2025-06-09 15:18 | 2025-06-13 12:10 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. Lender approval - Buyer-06/12/2025 Open-Missing Approval/Underwriting Summary 1008 is missing. - Due Diligence Vendor-06/09/2025 |
Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-06/13/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 258.04 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 742. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4385225 | ||
| XXXXX | XXXXX | 9190375 | D | A | D | A | A | A | A | A | Closed | FCRE1479 | 2025-06-10 14:29 | 2025-06-13 12:09 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-Received business documentation. 100% owner. - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. XXXXX docs - 100% - Seller-06/12/2025 Open-Asset Record 1 Does Not Meet G/L Requirements Assets held in the file name of XXXXX- lender to provide documentation that the borrower owns the business. - Due Diligence Vendor-06/10/2025 |
Ready for Review-Document Uploaded. XXXXX docs - 100% - Seller-06/12/2025 |
Resolved-Received business documentation. 100% owner. - Due Diligence Vendor-06/13/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 258.04 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 742. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4399471 | |
| XXXXX | XXXXX | 9190375 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-09 15:16 | 2025-06-13 12:07 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR Calculation. - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. DSCR Calculator - Buyer-06/12/2025 Open-The DSCR Calculation from lender is Missing. DSCR Calc is missing. - Due Diligence Vendor-06/09/2025 |
Resolved-Received DSCR Calculation. - Due Diligence Vendor-06/13/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 258.04 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 742. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4385194 | ||
| XXXXX | XXXXX | 9190375 | D | A | D | A | A | A | A | A | Closed | FCRE0109 | 2025-06-09 15:16 | 2025-06-13 12:07 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Received Drivers License. - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. DL - Seller-06/12/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Patriot Act is missing. - Due Diligence Vendor-06/09/2025 |
Ready for Review-Document Uploaded. DL - Seller-06/12/2025 |
Resolved-Received Drivers License. - Due Diligence Vendor-06/13/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 258.04 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 742. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4385195 | |
| XXXXX | XXXXX | 9156983 | D | A | D | A | A | A | A | A | Closed | FCRE1157 | 2025-06-10 15:47 | 2025-06-16 10:29 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Received HOI policy. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. HOI - Seller-06/11/2025 Open-Missing Hazard Insurance Policy - Due Diligence Vendor-06/10/2025 |
Ready for Review-Document Uploaded. HOI - Seller-06/11/2025 |
Resolved-Received HOI policy. - Due Diligence Vendor-06/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrowers have 119.24 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4401334 | |
| XXXXX | XXXXX | 9156983 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-10 16:09 | 2025-06-12 15:05 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR worksheet provided. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. supporting docs - Seller-06/12/2025 Counter-Reviewer did not receive upload-please re upload. - Due Diligence Vendor-06/12/2025 Ready for Review-DSCR WS - Buyer-06/11/2025 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-06/10/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-06/12/2025 |
Resolved-DSCR worksheet provided. - Due Diligence Vendor-06/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrowers have 119.24 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4402393 | |
| XXXXX | XXXXX | 9156983 | D | A | D | A | A | A | A | A | Closed | FCOM7353 | 2025-06-09 14:22 | 2025-06-12 13:04 | Resolved | 1 - Information | C | A | Credit | Borrower | Clarification of Application Date | Resolved-Received fully executed initial 1003 - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. INITIAL SIGNED 1003 - Seller-06/11/2025 Open--Missing evidence of initial application date. Provide corrected initial application or lender cert/affidavit confirming the application date. - Due Diligence Vendor-06/09/2025 |
Ready for Review-Document Uploaded. INITIAL SIGNED 1003 - Seller-06/11/2025 |
Resolved-Received fully executed initial 1003 - Due Diligence Vendor-06/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrowers have 119.24 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4384156 | |
| XXXXX | XXXXX | 9156983 | D | A | D | A | A | A | A | A | Closed | FCRE1201 | 2025-06-10 16:02 | 2025-06-12 13:00 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. supporting docs - Seller-06/11/2025 Open-Missing Third Party Fraud Report - Due Diligence Vendor-06/10/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-06/11/2025 |
Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-06/12/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrowers have 119.24 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4401718 | |
| XXXXX | XXXXX | 9156983 | D | A | D | A | A | A | A | A | Closed | FCRE0134 | 2025-06-10 16:09 | 2025-06-11 17:44 | Resolved | 1 - Information | C | A | Credit | Eligibility | Issue with First Payment Letter | Resolved-FPL in file on page 169 - Due Diligence Vendor-06/11/2025 Open-There is an issue with First Payment Letter. - Due Diligence Vendor-06/10/2025 |
Resolved-FPL in file on page 169 - Due Diligence Vendor-06/11/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 762 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrowers have 119.24 months |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4402395 | |||
| XXXXX | XXXXX | 9156995 | C | A | C | A | A | A | A | A | Closed | FCRE0109 | 2025-06-10 11:49 | 2025-06-12 14:06 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Received Patriot Act disclosure. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-06/11/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Missing completed and signed US Patriot Act Disclosure - Due Diligence Vendor-06/10/2025 |
Resolved-Received Patriot Act disclosure. - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Reserves: 212 Min 3 Qualifying FICO score is at least 20 points above minimum for program - FICO: 751 Min 720 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4395948 | ||
| XXXXX | XXXXX | 9166124 | D | A | D | A | A | A | A | A | Closed | FCRE0112 | 2025-06-10 07:01 | 2025-06-12 14:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Approval/Underwriting Summary Not Provided_3 | Resolved-Received 1008 - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. 1008 - Buyer-06/11/2025 Open-Approval/Underwriting Summary Not Provided. 1008 is missing. - Due Diligence Vendor-06/10/2025 |
Resolved-Received 1008 - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 64.04 months. LTV is less than guideline maximum - Max LTV is 75%; qualifying LTV is 53.19%. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4391975 | ||
| XXXXX | XXXXX | 9166124 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-10 07:01 | 2025-06-12 14:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. DSCR WS - Buyer-06/11/2025 Open-The DSCR Calculation from lender is Missing. DSCR Calc is missing. - Due Diligence Vendor-06/10/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 64.04 months. LTV is less than guideline maximum - Max LTV is 75%; qualifying LTV is 53.19%. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4391974 | ||
| XXXXX | XXXXX | 9182109 | C | A | C | A | A | A | A | A | Closed | FCRE1254 | 2025-06-11 07:32 | 2025-06-20 12:01 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received confirmation borrower has sufficient ownership in vested entity. - Due Diligence Vendor-06/20/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-06/18/2025 Counter-Title is vested in XXXXX- received duplicate documentation for XXXXX. Original finding remains. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/13/2025 Open-Property Title Issue Title commitment shows title currently vested in a LLC. Missing supporting documents to confirm B1 has authority to act on behalf of the LLC in which title is currently held. - Due Diligence Vendor-06/11/2025 |
Resolved-Received confirmation borrower has sufficient ownership in vested entity. - Due Diligence Vendor-06/20/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 349 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 722. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4407935 | ||
| XXXXX | XXXXX | 9182081 | C | A | C | A | A | A | A | A | Closed | FCRE1254 | 2025-06-10 08:32 | 2025-06-19 12:26 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received Operating Agreement, 100% owner. - Due Diligence Vendor-06/19/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-06/18/2025 Counter-Documentation is insufficient-title is vested in XXXXX-original finding remains. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-06/13/2025 Open-Property Title Issue Missing supporting documents to confirm B1 has authority to act on behalf of the LLC in which title is currently held. - Due Diligence Vendor-06/11/2025 |
Resolved-Received Operating Agreement, 100% owner. - Due Diligence Vendor-06/19/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700; qualifying FICO is 722. Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 253 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4392705 | ||
| XXXXX | XXXXX | 9213114 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9213132 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9213119 | D | A | D | A | A | A | A | A | Closed | FCRE1728 | 2025-06-11 10:05 | 2025-06-12 11:26 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing rent comparable schedule form 1007 | Resolved-After further review, the 1007 is not required, Short term rental income documented with XXXXX - Due Diligence Vendor-06/12/2025 Open-The file was missing the 1007 and/or Operating Statement. Additional conditions may apply - Due Diligence Vendor-06/11/2025 |
Resolved-After further review, the 1007 is not required, Short term rental income documented with XXXXX . - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - 98 months vs. 2 months required Qualifying FICO score is at least 20 points above minimum for program - 757 vs. 660 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4409554 | |||
| XXXXX | XXXXX | 9213139 | C | A | C | A | A | A | A | A | Closed | FCRE0095 | 2025-06-11 09:04 | 2025-06-30 11:29 | Resolved | 1 - Information | C | A | Credit | Eligibility | Short Term Rental Income does not meet guidelines | Resolved-Using STR from Appraisal - Projected Annual Income = $134,400 x 90% = $120,960 / 12 = $10,080 per Month - Due Diligence Vendor-06/30/2025 Open-Missing XXXXX Report. Additionally, findings may apply upon receipt. - Due Diligence Vendor-06/11/2025 |
Resolved-Using STR from Appraisal - Projected Annual Income = $134,400 x 90% = $120,960 / 12 = $10,080 per Month - Due Diligence Vendor-06/30/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 744; guidelines require 700. Long term residence - 42 Years. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4408760 | |||
| XXXXX | XXXXX | 9213133 | C | A | C | A | A | A | A | A | Closed | FPRO9999 | 2025-06-11 11:08 | 2025-06-12 13:28 | Resolved | 1 - Information | C | A | Credit | Eligibility | Condo project has pending litigation | Resolved-Pending litigation is regarding a noise complaint between 2 owners and the association, and not the owner of the subject unit. Projects involved in litigation are acceptable provided the lawsuit is not structural in nature to the subject unit and do not affect marketability. - Due Diligence Vendor-06/12/2025 Open-Provide documentation to support sufficient Condo reserves or documentation from insurance carrier that policy is sufficient to cover litigation expenses related to pending litigation. - Due Diligence Vendor-06/11/2025 |
Resolved-Pending litigation is regarding a noise complaint between 2 owners and the association, and not the owner of the subject unit. Projects involved in litigation are acceptable provided the lawsuit is not structural in nature to the subject unit and do not affect marketability. - Due Diligence Vendor-06/12/2025 |
LTV is less than guideline maximum - LTV 16% LTV. Allowed 75% Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 812; guidelines require 700. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4410510 | |||
| XXXXX | XXXXX | 9213110 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9156962 | C | A | C | A | A | A | A | A | Closed | FCRE1491 | 2025-06-11 17:40 | 2025-06-13 12:51 | Resolved | 1 - Information | C | A | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Received access letter. Please see new reserves finding. - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. See attached guidlines which allow for spousal accounts to be used for downpayment and closing costs. Borrower had 10% of their funds for the down payment and reserves. - Buyer-06/12/2025 Open-Asset Qualification Does Not Meet Guideline Requirements Missing documentation which evidences borrower is a joint owner for the bank accounts ending in XXXXX . Statements provided are from non-borrower; there is no indication of borrower on the statements provided or an access letter from individual on statement. Reserves are contingent on supporting documentation. Additional findings may apply. - Due Diligence Vendor-06/11/2025 |
Resolved-Received access letter. Please see new reserves finding. - Due Diligence Vendor-06/13/2025 |
Credit history exceeds minimum required - Mortgage is 99 MR 0x30, low consumer credit usage. Qualifying FICO score is at least 20 points above minimum for program - FICO: 808 Min 720 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4417517 | ||
| XXXXX | 9158376 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | |||||||||||||||||||
| XXXXX | XXXXX | 9190385 | D | A | D | A | A | A | A | A | Closed | FCRE1194 | 2025-06-10 18:44 | 2025-06-13 11:01 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Received annual lease for property owned by borrowers and sold in XXXXX . Ownership and sale date validated with fraud report. Experienced investor. - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. This exception not required because the client provided documentation to show they were experienced. Please see attached leased which covers the experience investor requirements. Since this is a purchase max LTV 80% - Buyer-06/12/2025 Open-Audited LTV of 80% exceeds Guideline LTV of 75% 80% LTV/CLTV/HCLTV exceeds 75% maximum for first time investors transacting on a DSCR purchase. - Due Diligence Vendor-06/10/2025 |
Resolved-Received annual lease for property owned by borrowers and sold in XXXXX . Ownership and sale date validated with fraud report. Experienced investor. - Due Diligence Vendor-06/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 774 Min 700 Months Reserves exceed minimum required - Months Reserves 62 months exceed minimum required 3. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4404444 | ||
| XXXXX | XXXXX | 9190385 | D | A | D | A | A | A | A | A | Closed | FCRE1198 | 2025-06-10 18:44 | 2025-06-13 11:01 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received assets-sufficient for closing and required reserves. - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. supporting docs - Seller-06/12/2025 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 12 month(s) Provide satisfactory documentation evidencing sufficient funds to meet minimum reserve requirements of no less than 12 months property expenses for DSCR purchase transaction for first time investors. Other findings may apply. - Due Diligence Vendor-06/10/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-06/12/2025 |
Resolved-Received assets-sufficient for closing and required reserves. - Due Diligence Vendor-06/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 774 Min 700 Months Reserves exceed minimum required - Months Reserves 62 months exceed minimum required 3. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4404445 | |
| XXXXX | XXXXX | 9190385 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-10 18:36 | 2025-06-13 10:54 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. DSCR - Buyer-06/12/2025 Open-The DSCR Calculation from lender is Missing. Missing lender's DSCR Calculation Worksheet or 1008 showing calculation. - Due Diligence Vendor-06/10/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-06/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 774 Min 700 Months Reserves exceed minimum required - Months Reserves 62 months exceed minimum required 3. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4404397 | ||
| XXXXX | XXXXX | 9190385 | D | A | D | A | A | A | A | A | Closed | FCRE9501 | 2025-06-10 18:33 | 2025-06-13 10:51 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received assets-sufficient for closing and required reserves. - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. Assets - Buyer-06/12/2025 Open-Total Qualified Assets Post-Close amount is '$-60882'. Assets are Insufficient. Provide satisfactory documentation evidencing sufficient funds to meet minimum closing cost requirements; including, but not limited to assets listed on borrower's final loan application and source of funds reflected on final Closing Disclosure. Other findings may apply. - Due Diligence Vendor-06/10/2025 |
Resolved-Received assets-sufficient for closing and required reserves. - Due Diligence Vendor-06/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 774 Min 700 Months Reserves exceed minimum required - Months Reserves 62 months exceed minimum required 3. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4404377 | ||
| XXXXX | XXXXX | 9182071 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9173522 | B | B | B | B | A | A | A | A | Closed | FCRE8201 | 2025-06-12 07:40 | 2025-06-12 07:47 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Client exception granted to allow for vacant/unleased property (FCM requires property be leased on refinance). Non-material waiver applied to finding with compensating factors. Sufficient reserves. Borrower own property since 2010. - Due Diligence Vendor-06/12/2025 Open-XXXXX requires property be leased on refinance - Due Diligence Vendor-06/12/2025 |
Waived-Client exception granted to allow for vacant/unleased property (XXXXX requires property be leased on refinance). Non-material waiver applied to finding with compensating factors. Sufficient reserves. Borrower own property since 2010. - Due Diligence Vendor-06/12/2025 |
Months Reserves exceed minimum required - Reserves: 123 Min 3 LTV is less than guideline maximum - LTV: 65% Max 75% Per eResi matrix, lender maxed LTV at 65% for exception |
6 months reserves greater than the program requirement FICO 20+ points greater than program requirement |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4422033 | ||
| XXXXX | XXXXX | 9173467 | D | A | D | A | A | A | C | A | Closed | FVAL4036 | 2025-06-12 13:57 | 2025-07-14 12:12 | Resolved | 1 - Information | C | A | Property | Property | Flip or Rapid Resale of Property | Resolved-Received sufficient documentation to support the property was fairly marketed. - Due Diligence Vendor-07/14/2025 Ready for Review-Document Uploaded. Supporting doc - Seller-07/10/2025 Counter-Received Rent to Retirement-does not reflect date of listing or URL address to confirm open listing. Original finding remains. - Due Diligence Vendor-07/10/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-07/09/2025 Open-Per flip guidelines - provide evidence that the subject was marketed openly and fairly, through a multiple listing service, auction, for sale by owner offering (documented) or developer marketing - Due Diligence Vendor-06/12/2025 |
Ready for Review-Document Uploaded. Supporting doc - Seller-07/10/2025 |
Resolved-Received sufficient documentation to support the property was fairly marketed. - Due Diligence Vendor-07/14/2025 |
Months Reserves exceed minimum required - Reserves: 157 Min 12 DSCR % greater than 1.20 - DSCR: 1.406 Min 1.0 LTV is less than guideline maximum - LTV: 75% Max 80% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4428323 | |
| XXXXX | XXXXX | 9173467 | D | A | D | A | A | A | C | A | Closed | FCRE8201 | 2025-06-11 20:40 | 2025-07-03 12:20 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan does not conform to program guidelines | Resolved-Received corrected Note and Personal Guaranty reflecting only borrower executing. - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. Updated Gaurantee with Borrower only signing - Buyer-07/02/2025 Ready for Review-Document Uploaded. Updated Note with only borrower signing - Buyer-07/02/2025 Open-CXXXXX all signed the note and mortgage as members of the business. They also signed the Guaranty as individuals. As per guidelines anyone who signs the guaranty as an individual must have an application and credit pulled and qualify as a borrower. Additional condition may apply. - Due Diligence Vendor-06/12/2025 |
Resolved-Received corrected Note and Personal Guaranty reflecting only borrower executing. - Due Diligence Vendor-07/03/2025 |
Months Reserves exceed minimum required - Reserves: 157 Min 12 DSCR % greater than 1.20 - DSCR: 1.406 Min 1.0 LTV is less than guideline maximum - LTV: 75% Max 80% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4418969 | ||
| XXXXX | XXXXX | 9173467 | D | A | D | A | A | A | C | A | Closed | FCRE8702 | 2025-06-12 13:58 | 2025-07-03 12:18 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Incomplete | Resolved-Received Operating Agreement confirming ownership percentages. - Due Diligence Vendor-06/23/2025 Ready for Review-Document Uploaded. Operating agreements with percentages of ownership. We are getting a new Personal Guarantee and Note with just XXXXX signing - Seller-06/20/2025 Open-The Business Entity Formation Document is incomplete Corporate documents for XXXXX does not define members by name (signatures illegible) nor confirm the percentage of ownership of each member. - Due Diligence Vendor-06/12/2025 |
Ready for Review-Document Uploaded. Operating agreements with percentages of ownership. We are getting a new Personal Guarantee and Note with just XXXXX signing - Seller-06/20/2025 |
Resolved-Received Operating Agreement confirming ownership percentages. - Due Diligence Vendor-06/23/2025 |
Months Reserves exceed minimum required - Reserves: 157 Min 12 DSCR % greater than 1.20 - DSCR: 1.406 Min 1.0 LTV is less than guideline maximum - LTV: 75% Max 80% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4428352 | |
| XXXXX | XXXXX | 9173467 | D | A | D | A | A | A | C | A | Closed | FCRE0043 | 2025-06-11 20:35 | 2025-06-16 14:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. I have highligted on the bottom where the factors are - Seller-06/13/2025 Open-The DSCR Calculation from lender is Missing. Missing lender's DSCR Calculation Worksheet or 1008 showing calculation. - Due Diligence Vendor-06/12/2025 |
Ready for Review-Document Uploaded. I have highligted on the bottom where the factors are - Seller-06/13/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-06/16/2025 |
Months Reserves exceed minimum required - Reserves: 157 Min 12 DSCR % greater than 1.20 - DSCR: 1.406 Min 1.0 LTV is less than guideline maximum - LTV: 75% Max 80% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4418929 | |
| XXXXX | XXXXX | 9173467 | D | A | D | A | A | A | C | A | Closed | FCRE0109 | 2025-06-11 20:47 | 2025-06-16 14:38 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Rule False - Due Diligence Vendor-06/16/2025 Open-Missing Patriot Act disclosure for 3 additional borrowers reflected on Note. - Due Diligence Vendor-06/12/2025 |
Resolved-Rule False - Due Diligence Vendor-06/16/2025 |
Months Reserves exceed minimum required - Reserves: 157 Min 12 DSCR % greater than 1.20 - DSCR: 1.406 Min 1.0 LTV is less than guideline maximum - LTV: 75% Max 80% |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4419031 | |||
| XXXXX | XXXXX | 9156951 | C | A | C | A | A | A | A | A | Closed | FCRE0116 | 2025-06-11 20:44 | 2025-06-19 13:38 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Warrantability Documentation | Resolved-Received UW attestation. - Due Diligence Vendor-06/19/2025 Ready for Review-Document Uploaded. 1008 indicates warrantability - Buyer-06/18/2025 Counter-Grant deed provided, however we are missing the UW attestation regarding the warrantability of the subject. - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-06/16/2025 Open-Missing Warrantability Documentation. - Due Diligence Vendor-06/12/2025 |
Resolved-Received UW attestation. - Due Diligence Vendor-06/19/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 70.06 months LTV is less than guideline maximum - Maximum LTV is 75%, subject loan is 36.75% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4419016 | ||
| XXXXX | XXXXX | 9182073 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-12 16:10 | 2025-06-24 11:32 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-06/24/2025 Ready for Review-Document Uploaded. DSCR Calculator - Buyer-06/23/2025 Counter-DSCR received does not reflect correct loan amount-please provide updated DSCR. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. DSCR - Buyer-06/13/2025 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-06/12/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-06/24/2025 |
Months Reserves exceed minimum required - Reserves: 142 Min 3 (28 Months own funds) DSCR % greater than 1.20 - DSCR: 1.234. Min 1.0 Qualifying FICO score is at least 20 points above minimum for program - FICO: 772 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4431086 | ||
| XXXXX | XXXXX | 9182073 | D | A | D | A | A | A | A | A | Closed | FCRE1159 | 2025-06-12 12:22 | 2025-06-19 12:50 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Received prior insurance policy - Due Diligence Vendor-06/19/2025 Ready for Review-Document Uploaded. in the previous uploaded insurance information the effective date is XXXXX please re-review - Buyer-06/18/2025 Counter-Received duplicate documentation-original finding remains. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. insurance - Buyer-06/13/2025 Open-Hazard Insurance Effective Date of XXXXX is after the Note Date of XXXXX Hazard Insurance Effective Date of XXXXX is after the Note Date of XXXXX - Due Diligence Vendor-06/12/2025 |
Resolved-Received prior insurance policy - Due Diligence Vendor-06/19/2025 |
Months Reserves exceed minimum required - Reserves: 142 Min 3 (28 Months own funds) DSCR % greater than 1.20 - DSCR: 1.234. Min 1.0 Qualifying FICO score is at least 20 points above minimum for program - FICO: 772 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4426607 | ||
| XXXXX | XXXXX | 9182068 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-06-11 07:07 | 2025-06-17 12:35 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. DOT with legal - Buyer-06/16/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. -----Legal Description missing. - Due Diligence Vendor-06/11/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/17/2025 |
Months Reserves exceed minimum required - 150 months PITIA reserves; 3 months reserves required. Qualifying DTI below maximum allowed - Qualifying DTI 37%; max permitted 50%. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4407805 | ||
| XXXXX | XXXXX | 9166082 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9173480 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-12 19:26 | 2025-06-16 13:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. Revised DSCR calc - Buyer-06/13/2025 Open-The DSCR Calculation from lender is Missing. DSCR Calculation Missing - Due Diligence Vendor-06/12/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-06/16/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 745 qualifying FICO score, 700 minimum score required. DSCR % greater than 1.20 - DSCR % is 1.421 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4433704 | ||
| XXXXX | XXXXX | 9173480 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2025-06-12 18:59 | 2025-06-16 13:51 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received leases on additional properties supporting experienced investor. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. Housing History - Buyer-06/13/2025 Open-Housing History Does Not Meet Guideline Requirements Borrower has no housing history verified in the loan file. Per loan application borrower owns two investment properties free and clear and lives rent-free at his primary residence. Loan file is missing the requisite documentation to establish the borrower is an Experienced Investor or a First Time Investor that owns other REO that meets the 12-month housing history requirement. The loan file is missing proof of ownership and/or management of residential and/or commercial rental real estate for at least one year in the last 3 years. Additional conditions may apply. - Due Diligence Vendor-06/12/2025 |
Resolved-Received leases on additional properties supporting experienced investor. - Due Diligence Vendor-06/16/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 745 qualifying FICO score, 700 minimum score required. DSCR % greater than 1.20 - DSCR % is 1.421 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4433476 | ||
| XXXXX | XXXXX | 9173480 | D | A | D | A | A | A | A | A | Closed | FCRE0070 | 2025-06-12 19:40 | 2025-06-16 13:51 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Received 1008 - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. 1008 - Seller-06/13/2025 Open-Missing Approval/Underwriting Summary Approval/Underwriting Summary Not Provided - Due Diligence Vendor-06/12/2025 |
Ready for Review-Document Uploaded. 1008 - Seller-06/13/2025 |
Resolved-Received 1008 - Due Diligence Vendor-06/16/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 745 qualifying FICO score, 700 minimum score required. DSCR % greater than 1.20 - DSCR % is 1.421 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4433777 | |
| XXXXX | XXXXX | 9173480 | D | A | D | A | A | A | A | A | Closed | FCRE1161 | 2025-06-12 18:22 | 2025-06-16 13:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Missing | Resolved-Received flood cert. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. Flood Cert - Buyer-06/13/2025 Open-Missing Flood Certificate Missing a copy of the Flood Certificate - Due Diligence Vendor-06/12/2025 |
Resolved-Received flood cert. - Due Diligence Vendor-06/16/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 745 qualifying FICO score, 700 minimum score required. DSCR % greater than 1.20 - DSCR % is 1.421 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4433140 | ||
| XXXXX | XXXXX | 9173477 | D | A | D | A | A | A | A | A | Closed | FCRE0070 | 2025-06-13 11:22 | 2025-06-24 10:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Received 1008 - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-06/13/2025 Open-Missing Approval/Underwriting Summary Missing Underwriting Transmittal Summary form 1008 - Due Diligence Vendor-06/13/2025 |
Resolved-Received 1008 - Due Diligence Vendor-06/17/2025 |
DSCR % greater than 1.20 - DSCR: 1.334 Min 1.0 Months Reserves exceed minimum required - Reserves: 50 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4440824 | ||
| XXXXX | XXXXX | 9173477 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2025-06-13 11:11 | 2025-06-24 10:48 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received credit supplement for primary residence. Received confirmation no Note acceptable from client-file contains LOE from lien holder confirming terms, payoff and Vendors lien released from title. - Due Diligence Vendor-06/24/2025 Ready for Review-Document Uploaded. Supplemental Report - Seller-06/23/2025 Counter-Please provided April and May 20025 for the borrowers primary residence. No payments on the subject property was confirmed by the lender. - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. Supporting docs - Buyer-06/16/2025 Open-Housing History Does Not Meet Guideline Requirements Missing documentation which confirms borrowers' primary mortgage was paid current at time of closing including April and May 2025 payment. Credit Report dated 04.22.25, most recent mortgage statement dated 03.12.25; Loan closed XXXXX . Other findings may apply. -Also for the subject property provide VOM as required per guideline. File contain LOX and payoff. - Due Diligence Vendor-06/13/2025 |
Ready for Review-Document Uploaded. Supplemental Report - Seller-06/23/2025 |
Resolved-Received credit supplement for primary residence. Received confirmation no Note acceptable from client-file contains LOE from lien holder confirming terms, payoff and Vendors lien released from title. - Due Diligence Vendor-06/24/2025 |
DSCR % greater than 1.20 - DSCR: 1.334 Min 1.0 Months Reserves exceed minimum required - Reserves: 50 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4440625 | |
| XXXXX | XXXXX | 9173477 | D | A | D | A | A | A | A | A | Closed | FCRE8887 | 2025-06-13 10:33 | 2025-06-17 12:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-Received complete 1003 loan application for b2 - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-06/13/2025 Open-Provide complete loan application for co-borrower with Citizenship status. - Due Diligence Vendor-06/13/2025 |
Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-06/13/2025 |
Resolved-Received complete 1003 loan application for b2 - Due Diligence Vendor-06/17/2025 |
DSCR % greater than 1.20 - DSCR: 1.334 Min 1.0 Months Reserves exceed minimum required - Reserves: 50 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4439524 | |
| XXXXX | XXXXX | 9134582 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9166125 | C | A | C | A | A | A | A | A | Closed | FCRE9501 | 2025-06-13 08:45 | 2025-06-16 14:12 | Resolved | 1 - Information | C | A | Credit | Assets | Total Qualified Assets Post-Close is Less than $0 | Resolved-Received final settlement statement for refi reflecting sufficient assets. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. Line 8 prior funding condition and settlement statement from XXXXX Refinance - Buyer-06/13/2025 Open-Total Qualified Assets Post-Close amount is '$-6725066.46'. Assets are Insufficient. Final 1003 reflects asset being used coming from secured borrowed funds. However, no documentation has been provided to support borrowed funds. Additional conditions may apply. - Due Diligence Vendor-06/13/2025 |
Resolved-Received final settlement statement for refi reflecting sufficient assets. - Due Diligence Vendor-06/16/2025 |
LTV is less than guideline maximum - Max LTV is 80%; qualifying LTV is 75%. DSCR % greater than 1.20 - DSCR is 1.21. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4437901 | ||
| XXXXX | XXXXX | 9166125 | C | A | C | A | A | A | A | A | Closed | FCRE1198 | 2025-06-13 08:56 | 2025-06-16 14:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received final settlement statement for refi reflecting sufficient assets. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. Line 8 prior funding condition and settlement statement from XXXXX Refinance - Buyer-06/13/2025 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) Final 1003 reflects asset being used coming from secured borrowed funds. However, no documentation has been provided to support borrowed funds. Bank statement dated 5/13/2025 reflects balance $16,494.54 that includes $16,000 unsourced deposit. Document sourcing and additional conditions may apply. - Due Diligence Vendor-06/13/2025 |
Resolved-Received final settlement statement for refi reflecting sufficient assets. - Due Diligence Vendor-06/16/2025 |
LTV is less than guideline maximum - Max LTV is 80%; qualifying LTV is 75%. DSCR % greater than 1.20 - DSCR is 1.21. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4438018 | ||
| XXXXX | XXXXX | 9173486 | B | B | B | B | A | A | A | A | Closed | FCRE2244 | 2025-06-13 13:13 | 2025-06-13 13:26 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Property Does Not Meet Guidelines (credit) | Waived-Client exception granted to allow for refinance transaction when even though the listing was not removed at least one month prior to application . Non-material waiver applied to finding with compensating factors. Sufficient reserves, and clean credit history. - Due Diligence Vendor-06/13/2025 Open-Sale Restriction - Property must be removed from listing for at least one month prior to application The subject property listing was removed on 5/6/2025. The application date for this refinance transaction was 5/7/2025. Requesting an excepton to allow for this refinance transaction even though the listing was not removed at least one month prior to application. The borrower will be getting a 5 year prepayment penalty. - Due Diligence Vendor-06/13/2025 |
Waived-Client exception granted to allow for refinance transaction when even though the listing was not removed at least one month prior to application . Non-material waiver applied to finding with compensating factors. Sufficient reserves, and clean credit history. - Due Diligence Vendor-06/13/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 197.64 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 760 |
Credit Score - 60 pts about minimum, reserves - 187 months over, Credit history - 0x30x24 months | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | Investor Post-Close | No | 4442822 | ||
| XXXXX | XXXXX | 9173488 | B | B | B | B | A | A | A | A | Closed | FCRE8201 | 2025-06-14 08:40 | 2025-07-23 08:48 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Client exception granted to allow for this refinance transaction even though the listing was not removed at least one month prior to application. . Non-material waiver applied to finding with compensating factors. Sufficient reserves, and clean credit history. - Due Diligence Vendor-06/14/2025 Open-Relevant Guideline: Sale Restriction - Property must be removed from listing for at least one month prior to application Exception Request: The subject property listing was removed on XXXXX . The application date for this refinance transaction was XXXXX . Requesting an excepton to allow for this refinance transaction even though the listing was not removed at least one month prior to application. The borrower will be getting a 5 year prepayment penalty. - Due Diligence Vendor-06/14/2025 |
Waived-Client exception granted to allow for this refinance transaction even though the listing was not removed at least one month prior to application. . Non-material waiver applied to finding with compensating factors. Sufficient reserves, and clean credit history. - Due Diligence Vendor-06/14/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 183.4 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 760 |
Credit Score: 60 points above minimum Reserves (months): 187 months over Credit History: 0X30X24 months |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | Investor Post-Close | No | 4449511 | ||
| XXXXX | XXXXX | 9190360 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9173476 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-06-11 14:20 | 2025-06-16 16:51 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-The legal description was on page 4 of the mortgage. - Due Diligence Vendor-06/16/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing legal - Due Diligence Vendor-06/11/2025 |
Resolved-The legal description was on page 4 of the mortgage. - Due Diligence Vendor-06/16/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 734 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 55.19 months |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4414035 | |||
| XXXXX | XXXXX | 9166098 | D | A | D | A | A | A | A | A | Closed | FCRE8201 | 2025-06-16 16:05 | 2025-06-17 14:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan does not conform to program guidelines | Resolved-The lower market rent was used in the DSCR calculation. - Due Diligence Vendor-06/17/2025 Counter-Two months rent evidence was provided for the ADU, need 1 additional month and evidence of 3 months rent evidence for the subject main property. - Due Diligence Vendor-06/17/2025 Open-Missing proof of rental income received per guidelines. 2 leases provided in the file, one is for the ADU and the other for main subject. LOX in file states borrower deposited $1600 in cash to her account for the ADU - Due Diligence Vendor-06/16/2025 |
Resolved-The lower market rent was used in the DSCR calculation. - Due Diligence Vendor-06/17/2025 |
LTV is less than guideline maximum - Max LTV is 75%; qualifying LTV is 22.22%. Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 55.84 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4463053 | ||
| XXXXX | XXXXX | 9166098 | D | A | D | A | A | A | A | A | Closed | FCRE0070 | 2025-06-13 12:42 | 2025-06-17 14:55 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Received 1008. - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. 1008 - Buyer-06/17/2025 Counter-Please re-upload the 1008, it was not attached. - Due Diligence Vendor-06/16/2025 Ready for Review-1008 UPLOADED - Buyer-06/13/2025 Open-Missing Approval/Underwriting Summary 1008 is missing. - Due Diligence Vendor-06/13/2025 |
Resolved-Received 1008. - Due Diligence Vendor-06/17/2025 |
LTV is less than guideline maximum - Max LTV is 75%; qualifying LTV is 22.22%. Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 55.84 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4442196 | ||
| XXXXX | XXXXX | 9166098 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-13 12:34 | 2025-06-17 11:39 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR Calculation was provided. - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. DSCR WORKSHEET UPLOADED - Buyer-06/13/2025 Open-The DSCR Calculation from lender is Missing. DSCR Calc is missing. - Due Diligence Vendor-06/13/2025 |
Resolved-DSCR Calculation was provided. - Due Diligence Vendor-06/17/2025 |
LTV is less than guideline maximum - Max LTV is 75%; qualifying LTV is 22.22%. Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 55.84 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4442048 | ||
| XXXXX | XXXXX | 9182096 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9182097 | D | A | D | A | A | A | A | A | Closed | FCRE0070 | 2025-06-16 15:05 | 2025-06-23 14:30 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Received 1008 - Due Diligence Vendor-06/18/2025 Ready for Review-Document Uploaded. 1008 - Buyer-06/17/2025 Open-Missing Approval/Underwriting Summary Missing approval. - Due Diligence Vendor-06/16/2025 |
Resolved-Received 1008 - Due Diligence Vendor-06/18/2025 |
Months Reserves exceed minimum required - 41 months PITIA reserves; 3 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 734; minimum required 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4462006 | ||
| XXXXX | XXXXX | 9182097 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-16 15:03 | 2025-06-18 16:20 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR Calculation - Due Diligence Vendor-06/18/2025 Ready for Review-Document Uploaded. DSCR - Buyer-06/17/2025 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-06/16/2025 |
Resolved-Received DSCR Calculation - Due Diligence Vendor-06/18/2025 |
Months Reserves exceed minimum required - 41 months PITIA reserves; 3 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 734; minimum required 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4461980 | ||
| XXXXX | XXXXX | 9182097 | D | A | D | A | A | A | A | A | Closed | FCRE1161 | 2025-06-13 15:11 | 2025-06-18 16:18 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Missing | Resolved-Received Flood Certificate - Due Diligence Vendor-06/18/2025 Ready for Review-Document Uploaded. Flood cert - Buyer-06/17/2025 Open-Missing Flood Certificate Missing flood certification - Due Diligence Vendor-06/16/2025 |
Resolved-Received Flood Certificate - Due Diligence Vendor-06/18/2025 |
Months Reserves exceed minimum required - 41 months PITIA reserves; 3 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 734; minimum required 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4444904 | ||
| XXXXX | XXXXX | 9182097 | D | A | D | A | A | A | A | A | Closed | FCRE8701 | 2025-06-13 14:57 | 2025-06-18 16:17 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-Received Business Entity Documentation. - Due Diligence Vendor-06/18/2025 Ready for Review-Document Uploaded. entity - Seller-06/17/2025 Open-The Business Entity Formation Document is Missing. Investor to review and approve all Entity documentation. Missing EIN Number - Due Diligence Vendor-06/16/2025 |
Ready for Review-Document Uploaded. entity - Seller-06/17/2025 |
Resolved-Received Business Entity Documentation. - Due Diligence Vendor-06/18/2025 |
Months Reserves exceed minimum required - 41 months PITIA reserves; 3 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 734; minimum required 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4444670 | |
| XXXXX | XXXXX | 9182084 | C | A | C | A | A | A | A | A | Closed | FCRE0094 | 2025-06-16 10:11 | 2025-06-18 17:35 | Resolved | 1 - Information | C | A | Credit | Eligibility | State Specific business purpose loan signed as individual | Resolved-After further review, there is no prepay on this loan. - Due Diligence Vendor-06/18/2025 Open-PPP in XXXXX as BP signed as individual is not allowed. Prepayment not allowed when borrower is a natural person and the APR is > 8% - Due Diligence Vendor-06/16/2025 |
Resolved-After further review, there is no prepay on this loan. - Due Diligence Vendor-06/18/2025 |
Months Reserves exceed minimum required - The Borrower has 10.25 months in reserves. Credit history exceeds minimum required - The Borrower has had 0x30 on the credit history for more than 12 months. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4456357 | |||
| XXXXX | XXXXX | 9125154 | D | A | D | A | A | A | A | A | Closed | FCRE1158 | 2025-06-16 11:11 | 2025-06-17 10:32 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Discrepancy between the declaration and lender collected HOI provided. - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. Per Seller, "We do not have an invoice for the new binder. We collect anything due within 2 months of closing on our docs. The current HOI binder expires in August and it is our standard practice to add a 10% buffer and collect at closing for the new 2025-2026 policy" - Buyer-06/17/2025 Open-Hazard Insurance Policy (Or HO-6 Insurance Policy if Subject Property is a Condo) is only Partially Provided Per HOI Dec page in the file premium of $3130 - Lender collected $3464.52 at closing. Lender to provide the invoice. - Due Diligence Vendor-06/16/2025 |
Resolved-Discrepancy between the declaration and lender collected HOI provided. - Due Diligence Vendor-06/17/2025 |
Months Reserves exceed minimum required - 80 months PITIA reserves; 3 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 750; minimum required 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4457426 | ||
| XXXXX | XXXXX | 9125154 | D | A | D | A | A | A | A | A | Closed | FCRE8701 | 2025-06-16 09:23 | 2025-06-17 10:27 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-The Business Entity Formation Document was provided. - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. Entity Docs - Buyer-06/16/2025 Open-The Business Entity Formation Document is Missing. Investor to review and approve all Entity documentation. Tax Identification Number (Employer Identification Number – EIN) not provided. - Due Diligence Vendor-06/16/2025 |
Resolved-The Business Entity Formation Document was provided. - Due Diligence Vendor-06/17/2025 |
Months Reserves exceed minimum required - 80 months PITIA reserves; 3 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 750; minimum required 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4455676 | ||
| XXXXX | XXXXX | 9146967 | C | A | C | A | A | A | A | A | Closed | FCRE1163 | 2025-06-16 10:35 | 2025-06-17 10:58 | Resolved | 1 - Information | C | A | Credit | Insurance | Flood Certification Date is greater than Note Date | Resolved-Flood cert provided. - Due Diligence Vendor-06/17/2025 Open-Flood Certification Date is greater than XXXXX - Due Diligence Vendor-06/16/2025 |
Resolved-Flood cert provided. - Due Diligence Vendor-06/17/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 790; minimum required 700. Months Reserves exceed minimum required - 127 months PITIA reserves; 3 months reserves required. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4456787 | |||
| XXXXX | XXXXX | 9156972 | D | A | D | A | A | A | A | A | Closed | FCRE8701 | 2025-06-12 14:01 | 2025-06-16 17:56 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-Received confirmation no EIN. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. Page 149 of the loan file- see attached shows the borrower's Tax Form 8821 using his SSN as the Taxpayer ID. Can we clear this condition in lieu of an UW Cert? XXXXX - Due Diligence Vendor-06/16/2025 Counter-Tax Identification Number (Employer Identification Number – EIN) is misssing. In any case where a sole proprietor is using SSN in lieu of EIN, provide UW cert or supporting documentation to confirm - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. supporting docs - Seller-06/13/2025 Open-The Business Entity Formation Document is Missing. Investor to review and approve all Entity documentation. Property is vested in an LLC. Documentation is required. o Entity Articles of Organization, Partnership, and Operating Agreements as required. o Tax Identification Number (Employer Identification Number – EIN). In any case where a sole proprietor is using SSN in lieu of EIN, provide UW cert or supporting documentation to confirm. o Certificate of Good Standing o Certificate of Authorization for the person executing all documents on behalf of the Entity o LLC Borrowing Certificate required when all members are not on the loan - Due Diligence Vendor-06/12/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-06/13/2025 |
Resolved-Received confirmation no EIN. - Due Diligence Vendor-06/16/2025 |
On time mortgage history exceeds guideline requirement - Ox30 to 12/2017 Qualifying FICO score is at least 20 points above minimum for program - 755 FICO, 700 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4428414 | |
| XXXXX | XXXXX | 9156972 | D | A | D | A | A | A | A | A | Closed | FCRE8201 | 2025-06-12 14:26 | 2025-06-16 13:08 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan does not conform to program guidelines | Resolved-Received DSCR calculation, 120% of market rents considered. - Due Diligence Vendor-06/16/2025 Counter-The higher lease amount may be used with 3 months current proof of receipt of the higher rental income, which is missing. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. DSCR calc - Buyer-06/16/2025 Open-Lease is greater than the market rent, the higher lease amount may be used with 3 months current proof of receipt of the higher rental income. (or as per the terms on the lease agreement for new leases). - Due Diligence Vendor-06/12/2025 |
Resolved-Received DSCR calculation, 120% of market rents considered. - Due Diligence Vendor-06/16/2025 |
On time mortgage history exceeds guideline requirement - Ox30 to 12/2017 Qualifying FICO score is at least 20 points above minimum for program - 755 FICO, 700 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4428899 | ||
| XXXXX | XXXXX | 9156972 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-12 14:56 | 2025-06-16 12:34 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR Calculation was located. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. DSCR - Buyer-06/13/2025 Open-The DSCR Calculation from lender is Missing. UW DSCR calculation is required - Due Diligence Vendor-06/12/2025 |
Resolved-DSCR Calculation was located. - Due Diligence Vendor-06/16/2025 |
On time mortgage history exceeds guideline requirement - Ox30 to 12/2017 Qualifying FICO score is at least 20 points above minimum for program - 755 FICO, 700 required |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4429550 | ||
| XXXXX | XXXXX | 9182067 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-16 10:38 | 2025-06-18 09:10 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR Calculation was provided. - Due Diligence Vendor-06/18/2025 Open-Missing lenders DSCR calculation. - Due Diligence Vendor-06/17/2025 |
Resolved-DSCR Calculation was provided. - Due Diligence Vendor-06/18/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 19.93 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 720; qualifying FICO is 763. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4456844 | |||
| XXXXX | XXXXX | 9197013 | C | A | C | A | A | A | A | A | Closed | FCRE6618 | 2025-06-25 12:13 | 2025-07-03 13:24 | Resolved | 1 - Information | C | A | Credit | Borrower | Borrower information on 1003 is incomplete | Resolved-Received SSN - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. bor cert and auth form shows the SSN. - Buyer-07/02/2025 Open-Borrower SSN not present on application or in the file- Provide proof of SSN - Due Diligence Vendor-06/25/2025 |
Resolved-Received SSN - Due Diligence Vendor-07/03/2025 |
Months Reserves exceed minimum required - The Borrower has 44.73 months in reserves. Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO Scorer is 739; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4558495 | ||
| XXXXX | XXXXX | 9197013 | C | A | C | A | A | A | A | A | Closed | FCRE0109 | 2025-06-16 12:57 | 2025-06-18 16:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Received Drivers License. - Due Diligence Vendor-06/18/2025 Ready for Review-Document Uploaded. SUPPORTING DOCS - Buyer-06/17/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Missing Patriot Act Borrower Identification Form. - Due Diligence Vendor-06/16/2025 |
Resolved-Received Drivers License. - Due Diligence Vendor-06/18/2025 |
Months Reserves exceed minimum required - The Borrower has 44.73 months in reserves. Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO Scorer is 739; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4459433 | ||
| XXXXX | XXXXX | 9197013 | C | A | C | A | A | A | A | A | Closed | FCRE0120 | 2025-06-16 12:57 | 2025-06-18 16:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | PPP rider was not provided | Resolved-Upon further review, the mortgage number 23 referrers to the PPP. - Due Diligence Vendor-06/18/2025 Ready for Review-Document Uploaded. PPP Clause is in section 5.1 of the note. This is a BPL loan, please see business purpose of Loan certification - Buyer-06/17/2025 Open-PPP rider was not provided. Missing PP Rider; PP page 443 and 1-4 Family Rider. - Due Diligence Vendor-06/16/2025 |
Resolved-Upon further review, the mortgage number 23 referrers to the PPP. - Due Diligence Vendor-06/18/2025 |
Months Reserves exceed minimum required - The Borrower has 44.73 months in reserves. Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO Scorer is 739; guideline minimum is 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4459434 | ||
| XXXXX | XXXXX | 9173471 | D | A | C | A | A | A | D | A | Closed | FCRE1440 | 2025-06-17 08:04 | 2025-06-30 15:45 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-VOR is Sufficient. Loan is DSCR - for Housing History on DSCR Loans - If a borrower is renting their primary residence, a VOR from the landlord is required with no additional documentation (e.g. cancelled checks not required). - Due Diligence Vendor-06/30/2025 Counter-Received VOR from private party-missing verification of timely payments made is required (either canceled checks front and back OR bank statements showing account ownership and payments debited by landlord). per guidelines 4.2.5 - Due Diligence Vendor-06/20/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-06/18/2025 Open-Housing History Does Not Meet Guideline Requirements Borrower currently rents primary residence. Missing 12 month VOR to meet guide - Due Diligence Vendor-06/17/2025 |
Resolved-VOR is Sufficient. Loan is DSCR - for Housing History on DSCR Loans - If a borrower is renting their primary residence, a VOR from the landlord is required with no additional documentation (e.g. cancelled checks not required). - Due Diligence Vendor-06/30/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 36.91 months LTV is less than guideline maximum - Max 80%, actual 75% DSCR =/> 1.00 and minimum is 0.85 or Less - Actual 1.151 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4468864 | ||
| XXXXX | XXXXX | 9173471 | D | A | C | A | A | A | D | A | Closed | FPRO1253 | 2025-06-17 07:45 | 2025-06-20 11:19 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Received desk review - Due Diligence Vendor-06/20/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-06/18/2025 Open-Additional valuation product has not been provided. Missing additional valuation to support appraised value. - Due Diligence Vendor-06/17/2025 |
Resolved-Received desk review - Due Diligence Vendor-06/20/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 36.91 months LTV is less than guideline maximum - Max 80%, actual 75% DSCR =/> 1.00 and minimum is 0.85 or Less - Actual 1.151 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4468702 | ||
| XXXXX | XXXXX | 9134585 | C | A | A | A | A | A | C | A | Closed | FPRO0022 | 2025-06-16 20:42 | 2025-06-18 18:12 | Resolved | 1 - Information | B | A | Property | Property | FEMA disaster (Public) after appraisal without a PDI or 1004D | Resolved-After further review this disaster occurred inXXXXX , more than 120 days prior to the appraisal date. - Due Diligence Vendor-06/18/2025 Open-XXXXX - PUBLIC - Due Diligence Vendor-06/17/2025 |
Resolved-After further review this disaster occurred in XXXXX , more than 120 days prior to the appraisal date. - Due Diligence Vendor-06/18/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 107.09 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 824 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4465990 | |||
| XXXXX | XXXXX | 9134585 | C | A | A | A | A | A | C | A | Closed | FPRO0021 | 2025-06-16 20:42 | 2025-06-18 18:11 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster (Individual) after appraisal without a PDI or 1004D | Resolved-After further review this disaster occurred in XXXXX , more than 120 days prior to the appraisal date. - Due Diligence Vendor-06/18/2025 Ready for Review-Document Uploaded. Supporting docs - Buyer-06/17/2025 Open-XXXXX - INDIVIDUAL - Due Diligence Vendor-06/17/2025 |
Resolved-After further review this disaster occurred in XXXXX , more than 120 days prior to the appraisal date. - Due Diligence Vendor-06/18/2025 |
Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 107.09 months Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 824 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4465988 | ||
| XXXXX | XXXXX | 9173485 | C | B | C | B | A | A | A | A | Closed | FVAL5474 | 2025-06-17 10:14 | 2025-06-17 12:00 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo project is ineligible | Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-06/17/2025 Open-Non-warrantable condominium due to investor concentration greater than 60%. Exception request in file stating investor concentration exceeds 60%, currently 63%. Client exception approval in file. - Due Diligence Vendor-06/17/2025 |
Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-06/17/2025 |
Months Reserves exceed minimum required - Borrower has 32.88 months of PITIA reserves after cashout refinance, 3 months minimum reserves required. Qualifying FICO score is at least 20 points above minimum for program - 771 qualifying FICO score, 700 minimum score required. |
771 FICO score. 29.58 months of reserves from subject cash-out refinance transaction. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4470608 | ||
| XXXXX | XXXXX | 9173502 | C | A | C | A | A | A | A | A | Closed | FCRE1498 | 2025-06-17 10:38 | 2025-06-18 16:01 | Resolved | 1 - Information | C | A | Credit | Eligibility | Borrower Rental Experience Insufficient per Guidelines (DSCR) | Resolved-Borrower Rental Experience is within Guideline Requirements. - Due Diligence Vendor-06/18/2025 Ready for Review-Document Uploaded. Proof of prev investment property - Borrower recently sold a prev investment property (XXXXX ). He owned this property from XXXXX . The lease uploaded shows he has landlord experience for at least 1 year within the past 3 years. - Buyer-06/17/2025 Open-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Lender to provide evidence that the borrower is an experienced investor, ownership > 12 months. - Due Diligence Vendor-06/17/2025 |
Resolved-Borrower Rental Experience is within Guideline Requirements. - Due Diligence Vendor-06/18/2025 |
Credit history exceeds minimum required - Fico is 712. 700 required Months Reserves exceed minimum required - 16 months reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4470984 | ||
| XXXXX | XXXXX | 9173502 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2025-06-17 10:35 | 2025-06-18 15:57 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received credit supplement mortgage rating. - Due Diligence Vendor-06/18/2025 Ready for Review-Document Uploaded. CREDIT SUPPLEMENT FOR CURRENT MTG - Buyer-06/17/2025 Open-Housing History Does Not Meet Guideline Requirements Missing evidence the primary mortgage is current - Due Diligence Vendor-06/17/2025 |
Resolved-Received credit supplement mortgage rating. - Due Diligence Vendor-06/18/2025 |
Credit history exceeds minimum required - Fico is 712. 700 required Months Reserves exceed minimum required - 16 months reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4470920 | ||
| XXXXX | XXXXX | 9190394 | C | B | C | B | A | A | A | A | Closed | FCRE0095 | 2025-06-17 14:14 | 2025-06-30 12:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | Short Term Rental Income does not meet guidelines | Resolved-Received active STR listing. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. Supporting doc - Seller-06/27/2025 Counter-Received April income statement-must provide confirmation subject is currently marketed for short term rental with online screen shot or other acceptable documentation. - Due Diligence Vendor-06/26/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/26/2025 Counter-Received 12-month look-back. Provide proof of the online listing showing the property is actively being marketed as a short-term rental - Due Diligence Vendor-06/24/2025 Ready for Review-Document Uploaded. Supporting docs - Seller-06/18/2025 Open-Missing documentation which supports borrower's most recent 12 month short term rental history. Also missing documentation to support lenders amount used for market rents - Due Diligence Vendor-06/17/2025 |
Ready for Review-Document Uploaded. Supporting doc - Seller-06/27/2025 Ready for Review-Document Uploaded. Supporting docs - Seller-06/18/2025 |
Resolved-Received active STR listing. - Due Diligence Vendor-06/30/2025 |
Months Reserves exceed minimum required - Reserves: 103 Min 6 Qualifying FICO score is at least 20 points above minimum for program - FICO: 759 Min 700 LTV is less than guideline maximum - LTV:34.85% Max 70% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4475822 | |
| XXXXX | XXXXX | 9190394 | C | B | C | B | A | A | A | A | Closed | FCRE9996 | 2025-06-18 14:39 | 2025-06-30 12:11 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo does not meet requirements | Waived-Client provided a waiver for NWC with investor concentration >60% applied to non material finding with comp factors - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. Exception Request Form - Seller-06/27/2025 Counter-Received client exception approval-please provide original exception request. - Due Diligence Vendor-06/26/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-06/25/2025 Open-The condo project has a 90% investor concentration, and the guidelines allow for up to 60% investor concentration. - Due Diligence Vendor-06/18/2025 |
Ready for Review-Document Uploaded. Exception Request Form - Seller-06/27/2025 |
Waived-Client provided a waiver for NWC with investor concentration >60% applied to non material finding with comp factors - Due Diligence Vendor-06/30/2025 |
Months Reserves exceed minimum required - Reserves: 103 Min 6 Qualifying FICO score is at least 20 points above minimum for program - FICO: 759 Min 700 LTV is less than guideline maximum - LTV:34.85% Max 70% |
FICO: 759 Reserves: 12 Credit History: 0x30 for 24 months exceeding requirement Low LTV: 35% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4490677 |
| XXXXX | XXXXX | 9190394 | C | B | C | B | A | A | A | A | Closed | FCRE1510 | 2025-06-17 13:28 | 2025-06-23 10:17 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Legal Description. - Due Diligence Vendor-06/23/2025 Ready for Review-Document Uploaded. Legal Description - Seller-06/20/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Legal Description referenced as Exhibit "A" in Security Instrument - Due Diligence Vendor-06/17/2025 |
Ready for Review-Document Uploaded. Legal Description - Seller-06/20/2025 |
Resolved-Received Legal Description. - Due Diligence Vendor-06/23/2025 |
Months Reserves exceed minimum required - Reserves: 103 Min 6 Qualifying FICO score is at least 20 points above minimum for program - FICO: 759 Min 700 LTV is less than guideline maximum - LTV:34.85% Max 70% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4474908 | |
| XXXXX | XXXXX | 9190394 | C | B | C | B | A | A | A | A | Closed | FCRE0113 | 2025-06-17 14:55 | 2025-06-19 13:20 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property/Appraisal General (Credit) | Resolved-Received HOA verification. - Due Diligence Vendor-06/19/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-06/18/2025 Open-Missing documentation including but not limited to borrower's monthly HOA statement (in good standing) which confirms actual HOA monthly fee, any assessments or storage/garage/parking fees, as varying amounts are reflected in loan file. Questionnaire has $5692.68/month; Appraisal $1832/month; lender qualified with $1897.56. - Due Diligence Vendor-06/17/2025 |
Resolved-Received HOA verification. - Due Diligence Vendor-06/19/2025 |
Months Reserves exceed minimum required - Reserves: 103 Min 6 Qualifying FICO score is at least 20 points above minimum for program - FICO: 759 Min 700 LTV is less than guideline maximum - LTV:34.85% Max 70% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4476739 | ||
| XXXXX | XXXXX | 9190394 | C | B | C | B | A | A | A | A | Closed | FCRE1148 | 2025-06-17 14:00 | 2025-06-19 13:18 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received revised commitment w/sufficient coverage. - Due Diligence Vendor-06/19/2025 Ready for Review-Document Uploaded. Supporting doc - Seller-06/18/2025 Open-Insufficient Title Coverage. Amount of coverage is less than Total Amount of Subject Lien(s). Missing Preliminary commitment or title policy which evidences sufficient title coverage aligning with actual loan amount. Title Proposed policy amount $1,038,666 vs actual laon amount of $1,045,500. Other findings may apply. - Due Diligence Vendor-06/17/2025 |
Ready for Review-Document Uploaded. Supporting doc - Seller-06/18/2025 |
Resolved-Received revised commitment w/sufficient coverage. - Due Diligence Vendor-06/19/2025 |
Months Reserves exceed minimum required - Reserves: 103 Min 6 Qualifying FICO score is at least 20 points above minimum for program - FICO: 759 Min 700 LTV is less than guideline maximum - LTV:34.85% Max 70% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4475557 | |
| XXXXX | XXXXX | 9190394 | C | B | C | B | A | A | A | A | Closed | FCRE0116 | 2025-06-17 14:45 | 2025-06-19 13:17 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Warrantability Documentation | Resolved-Received UW attestation. - Due Diligence Vendor-06/19/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-06/18/2025 Open-Missing Warrantability Documentation. - Due Diligence Vendor-06/17/2025 |
Resolved-Received UW attestation. - Due Diligence Vendor-06/19/2025 |
Months Reserves exceed minimum required - Reserves: 103 Min 6 Qualifying FICO score is at least 20 points above minimum for program - FICO: 759 Min 700 LTV is less than guideline maximum - LTV:34.85% Max 70% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4476474 | ||
| XXXXX | XXXXX | 9182094 | B | B | A | A | B | B | A | A | Closed | FCOM5135 | 2025-06-13 13:18 | 2025-06-13 13:47 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings - Due Diligence Vendor-06/13/2025 | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings - Due Diligence Vendor-06/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 660, qualifying score is 785 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 77 months |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | Investor Post-Close | No | 4442896 | |||
| XXXXX | XXXXX | 9146956 | C | A | C | A | C | A | A | A | Closed | FCRE1440 | 2025-06-18 11:03 | 2025-06-26 12:49 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received March - May payment confirmation. - Due Diligence Vendor-06/26/2025 Ready for Review-Document Uploaded. Attached please find the payment ledger which supports that the April and May payments were made on time - Buyer-06/25/2025 Counter-Received payment history through March-must provide updated confirmation payments made timely meeting guidelines 4.2.5. Original finding remains. - Due Diligence Vendor-06/23/2025 Ready for Review-Document Uploaded. attached the XXXXX payment ledger through 03/14/2025 (which shows the 03/01/2025 payment) and two payoff demands. The ledger reflects a principal balance of $712,533.30. The first demand was provided on 05/01/2025 and reflects a principal balance of $711,299.77 with a late fee only due if the payment is received after 05/15/2025. This supports that the April payment was made. The 2nd payoff was provided on 06/04/2025 and reflects a principal balance of $710,059.87 with a late fee only due if the payment is received after 06/15/2025. This supports that the May payment was made. Both payoff demands reflect $0.00 outstanding late charges. Mortgage statements should not be necessary. The demands also show the next payment due on them as well so on the demand dated 5/1, it is showing due for 5/1 with no late charge showing that the April 1st payment has been made on time. The demand dated 5/22 is showing due for 6/1 which shows that the May payment has been made which covers the suspense reason. - Buyer-06/20/2025 Open-Housing History Does Not Meet Guideline Requirements Missing mortgage statement for XXXXX for 04/2025 and 05/2025 - Due Diligence Vendor-06/18/2025 |
Resolved-Received March - May payment confirmation. - Due Diligence Vendor-06/26/2025 |
Months Reserves exceed minimum required - 17 months PITIA reserves; 3 months reserves required. LTV is less than guideline maximum - LTV 48%; max 80%. |
XXXXX | QM: Safe Harbor Verified (V SH) | QM: Safe Harbor Verified (V SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4486485 | ||
| XXXXX | XXXXX | 9146956 | C | A | C | A | C | A | A | A | Closed | finding-3540 | 2025-06-16 12:00 | 2025-06-23 17:20 | Resolved | 1 - Information | C | A | Compliance | TRID | Revised Closing Disclosure Delivery Date Test (No Waiting Period Required) Test | Resolved-Upon further review, no further documentation is needed or required. - Due Diligence Vendor-06/23/2025 Open-This loan failed the revised closing disclosure delivery date test (no waiting period required). ( 12 CFR §1026.19(f)(2)(i) )The revised closing disclosure delivery does not require a new waiting period and:The revised closing disclosure delivery date is provided and the revised closing disclosure method of delivery is marked as either"XXXXX First Class Mail" or "Electronic Delivery" or blank, and the revised closing disclosure delivery date is less than three business days (counting all calendar days except Sunday and specified legal public holidays) before the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; or"In Person" and the revised closing disclosure delivery date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction; orThe revised closing disclosure receipt date is provided and the revised closing disclosure receipt date is after the consummation date, or closing / settlement date if no consummation date is provided, of the transaction.Changes before consummation not requiring a new waiting period. Except as provided in §1026.19(f)(2)(ii), if the disclosures provided under §1026.19(f)(1)(i) become inaccurate before consummation, the creditor shall provide corrected disclosures reflecting any changed terms to the consumer so that the consumer receives the corrected disclosures at or before consummation. Notwithstanding the requirement to provide corrected disclosures at or before consummation, the creditor shall permit the consumer to inspect the disclosures provided under this paragraph, completed to set forth those items that are known to the creditor at the time of inspection, during the business day immediately preceding consummation, but the creditor may omit from inspection items related only to the seller's transaction. ----- Missing valid COC for applicable increases. Statute of Limitations 3 years- Expiration date is XXXXX . - Due Diligence Vendor-06/16/2025 |
Resolved-Upon further review, no further documentation is needed or required. - Due Diligence Vendor-06/23/2025 |
Months Reserves exceed minimum required - 17 months PITIA reserves; 3 months reserves required. LTV is less than guideline maximum - LTV 48%; max 80%. |
QM: Safe Harbor Verified (V SH) | QM: Safe Harbor Verified (V SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4458485 | |||
| XXXXX | XXXXX | 9146956 | C | A | C | A | C | A | A | A | Closed | FCRE0109 | 2025-06-18 11:14 | 2025-06-20 11:28 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Received photo ID. - Due Diligence Vendor-06/20/2025 Ready for Review-Document Uploaded. The Patriot Act disclosure is provided to the borrower in the initial disclosures package and then the closing package will include the identity affidavit that is signed by the borrower and notarized - Buyer-06/18/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. - Due Diligence Vendor-06/18/2025 |
Resolved-Received photo ID. - Due Diligence Vendor-06/20/2025 |
Months Reserves exceed minimum required - 17 months PITIA reserves; 3 months reserves required. LTV is less than guideline maximum - LTV 48%; max 80%. |
XXXXX | QM: Safe Harbor Verified (V SH) | QM: Safe Harbor Verified (V SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4486705 | ||
| XXXXX | XXXXX | 9173489 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXXX | XXXXX | 9213085 | C | A | C | A | A | A | A | A | Closed | FCRE0042 | 2025-07-01 07:05 | 2025-07-02 08:29 | Resolved | 1 - Information | C | A | Credit | Eligibility | Florida Foreign National Affidavit is missing or incomplete | Resolved-FL Foreign National Affidavit is only required on Purchase transactions - this is a Refinance - Not Required - Due Diligence Vendor-07/02/2025 Open-Missing Florida Foreign National Affidavit. - Due Diligence Vendor-07/01/2025 |
Resolved-FL Foreign National Affidavit is only required on Purchase transactions - this is a Refinance - Not Required - Due Diligence Vendor-07/02/2025 |
LTV is less than guideline maximum - LTV 53% LTV. Allowed 70% Months Reserves exceed minimum required - 15 months reserves; 6 months reserves required. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4612570 | |||
| XXXXX | XXXXX | 9213088 | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2025-06-17 10:35 | 2025-06-18 13:20 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Client exception granted to allow 80% LTV. Non-material waiver applied with comp factors. Deemed non-material due to only a 5% overage to max allowed. - Due Diligence Vendor-06/18/2025 Open-Audited LTV of 80% exceeds Guideline LTV of 75% - Due Diligence Vendor-06/17/2025 |
Waived-Client exception granted to allow 80% LTV. Non-material waiver applied with comp factors. Deemed non-material due to only a 5% overage to max allowed. - Due Diligence Vendor-06/18/2025 |
DSCR % greater than 1.20 - DSCR is 1.45. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 795; guidelines require 700. |
1. Qualifying FICO score 795; guidelines require 700. 2. DSCR is 1.45. | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4470925 | ||
| XXXXX | XXXXX | 9213146 | D | A | A | A | A | A | D | A | Closed | FPRO1253 | 2025-06-17 12:25 | 2025-06-24 10:02 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Additional valuation product is provided, or Applicable - Due Diligence Vendor-06/24/2025 Open-Additional valuation product has not been provided. Missing acceptable CU/LCA or other valuation to support appraisal. - Due Diligence Vendor-06/17/2025 |
Resolved-Additional valuation product is provided, or Applicable - Due Diligence Vendor-06/24/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 726; guidelines require 660. DSCR % greater than 1.20 - DSCR is 1.36. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4473678 | |||
| XXXXX | XXXXX | 9213103 | D | B | D | A | C | B | A | A | Closed | finding-3635 | 2025-06-16 14:06 | 2025-06-27 11:02 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Resolved-Upon further review, the document(s) are located in original file, nothing further required. Finding resolved. - Due Diligence Vendor-06/27/2025 Ready for Review-Initial LE shows $502 and the initial CD shows $330. You are looking at the XXXXX Fee quote LE which was sent to show broker fee, but was not sent to the borrower. - Buyer-06/27/2025 Open-This loan failed the charges that in total cannot increase more than 10% test. (12 CFR §1026.19(e)(3)(ii))The loan contains third-party services that the consumer was permitted to shop for and the charges exceed the good faith tolerance according to §1026.19(e)(3)(ii). The final charges that in total cannot increase more than 10% ($330.00) exceed the comparable charges ($277.00) by more than 10%. Please see the table that displays the Charges That Cannot Increase More Than 10% for a comparison of the data between the provided disclosures.An estimate of a charge for a third-party service or a recording fee is in good faith if:(A) The aggregate amount of charges for third-party services and recording fees paid by or imposed on the consumer does not exceed the aggregate amount of such charges disclosed under §1026.19(e)(1)(i) by more than 10 percent;(B) The charge for the third-party service is not paid to the creditor or an affiliate of the creditor; and(C) The creditor permits the consumer to shop for the third-party service, consistent with §1026.19(e)(1)(vi). -----Ten (10%) tolerance fees (Recording fee) increased from $277 to $330.00 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $25.30, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXXX - Due Diligence Vendor-06/16/2025 |
Resolved-Upon further review, the document(s) are located in original file, nothing further required. Finding resolved. - Due Diligence Vendor-06/27/2025 |
Qualifying DTI below maximum allowed - 10.43% DTI; 50% max allowed Months Reserves exceed minimum required - 114 months available vs. 3 required |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4460773 | |||
| XXXXX | XXXXX | 9213103 | D | B | D | A | C | B | A | A | Closed | finding-3634 | 2025-06-13 13:22 | 2025-06-27 11:01 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Upon further review, the document(s) are located in original file, nothing further required. Finding resolved. - Due Diligence Vendor-06/27/2025 Ready for Review-The $99.00 Tax Service fee is listed on each LE & CD Provided to the borrower. Which disclosed LE or CD are you seeing this was not disclosed? - Buyer-06/27/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $99.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $99 (Tax Service fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $99, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 years- Expiration date is XXXXX . - Due Diligence Vendor-06/13/2025 |
Resolved-Upon further review, the document(s) are located in original file, nothing further required. Finding resolved. - Due Diligence Vendor-06/27/2025 |
Qualifying DTI below maximum allowed - 10.43% DTI; 50% max allowed Months Reserves exceed minimum required - 114 months available vs. 3 required |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4442948 | |||
| XXXXX | XXXXX | 9213103 | D | B | D | A | C | B | A | A | Closed | FCRE5782 | 2025-06-19 13:47 | 2025-06-24 09:22 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report was provided. - Due Diligence Vendor-06/24/2025 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-06/19/2025 |
Resolved-Borrower 1 Gap Credit Report was provided. - Due Diligence Vendor-06/24/2025 |
Qualifying DTI below maximum allowed - 10.43% DTI; 50% max allowed Months Reserves exceed minimum required - 114 months available vs. 3 required |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4501125 | |||
| XXXXX | XXXXX | 9213103 | D | B | D | A | C | B | A | A | Closed | FCOM5135 | 2025-06-13 12:50 | 2025-06-13 12:50 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-06/13/2025 | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-06/13/2025 |
Qualifying DTI below maximum allowed - 10.43% DTI; 50% max allowed Months Reserves exceed minimum required - 114 months available vs. 3 required |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | Investor Post-Close | No | 4442311 | |||
| XXXXX | XXXXX | 9213090 | D | B | D | A | B | B | A | A | Closed | FCRE1316 | 2025-06-19 15:20 | 2025-06-24 10:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 3rd Party VOE Prior to Close Missing | Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-06/24/2025 Open-Borrower 1 3rd Party VOE Prior to Close Missing Borrower 1 3rd Party VOE Prior to Close Missin - Due Diligence Vendor-06/19/2025 |
Resolved-Borrower 1 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-06/24/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 778 vs. 680 min Months Reserves exceed minimum required - 41 months vs 6 months required |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4502825 | |||
| XXXXX | XXXXX | 9213090 | D | B | D | A | B | B | A | A | Closed | FCRE1347 | 2025-06-19 15:20 | 2025-06-24 10:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 3rd Party VOE Prior to Close Missing | Resolved-Borrower 2 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-07/11/2025 Open-Borrower 2 3rd Party VOE Prior to Close Missing - Due Diligence Vendor-06/19/2025 |
Resolved-Borrower 2 3rd Party VOE Prior to Close Was Provided - Due Diligence Vendor-07/11/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 778 vs. 680 min Months Reserves exceed minimum required - 41 months vs 6 months required |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4502826 | |||
| XXXXX | XXXXX | 9213090 | D | B | D | A | B | B | A | A | Closed | FCRE5782 | 2025-06-19 15:30 | 2025-06-24 10:09 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-06/24/2025 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-06/19/2025 |
Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-06/24/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 778 vs. 680 min Months Reserves exceed minimum required - 41 months vs 6 months required |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4503157 | |||
| XXXXX | XXXXX | 9213090 | D | B | D | A | B | B | A | A | Closed | FCRE5783 | 2025-06-19 15:30 | 2025-06-24 10:09 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Gap Credit Report is Missing | Resolved-Borrower 2 Gap Credit Report is not missing. - Due Diligence Vendor-06/24/2025 Open-Borrower 2 Gap Credit Report is Missing - Due Diligence Vendor-06/19/2025 |
Resolved-Borrower 2 Gap Credit Report is not missing. - Due Diligence Vendor-06/24/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 778 vs. 680 min Months Reserves exceed minimum required - 41 months vs 6 months required |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4503158 | |||
| XXXXX | XXXXX | 9213090 | D | B | D | A | B | B | A | A | Closed | FCOM5135 | 2025-06-13 14:07 | 2025-06-13 14:07 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-06/13/2025 |
Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-06/13/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 778 vs. 680 min Months Reserves exceed minimum required - 41 months vs 6 months required |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4443693 | |||
| XXXXX | XXXXX | 9213104 | C | B | C | B | B | B | A | A | Closed | FCRE9996 | 2025-06-19 18:12 | 2025-07-22 13:51 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo does not meet requirements | Waived--Client exception granted with comp factors. Waiver applied to non-material finding. Documentation obtained from property city municipality showing repairs are in process and permitting has been approved for work being completed and building is safe to habitat. - Due Diligence Vendor-07/22/2025 Open-Lender exception to allow outstanding milestone inspection items needing completion on subject project. Finding to remain open. Audit is unable to confirm if there are any issues it subject unit. - Due Diligence Vendor-06/19/2025 |
Waived--Client exception granted with comp factors. Waiver applied to non-material finding. Documentation obtained from property city municipality showing repairs are in process and permitting has been approved for work being completed and building is safe to habitat. - Due Diligence Vendor-07/22/2025 |
Months Reserves exceed minimum required - Verified assets of 51.07 months exceeds the minimum required of 3 months Qualifying DTI below maximum allowed - DTI of 34.11% is less than the maximum allowed per guidelines of 50% |
Reserves 30 months FICO 100+ pts > guidelines LTV 20%+ < guidelines |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4505070 | ||
| XXXXX | XXXXX | 9213104 | C | B | C | B | B | B | A | A | Closed | FPRO9999 | 2025-06-19 18:07 | 2025-07-15 16:36 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Condo project has pending litigation | Waived--HOI reserves are sufficient to cover total litigation claims for slip in fall. Insurance coverage is also more than sufficient to cover claims. Litigation does not have any health or safety concerns nor is the borrower or subject unit involved. Waiver applied to non-material finding. - Due Diligence Vendor-07/15/2025 Open-Condo has 3 active lawsuits. 2 lawsuits condo is the defendant. For the 2 lawsuits were the condo is the named defendant the loan file contained the complaints for both cases. Both cases involve slip and fall claims with damages exceeding 50k. No further documentation was provided to confirm if condo insurance will cover the claim. 3rd litigation item: condo is plaintiff in foreclosure proceeding; third item is a non-issue. - Due Diligence Vendor-07/15/2025 |
Waived--HOI reserves are sufficient to cover total litigation claims for slip in fall. Insurance coverage is also more than sufficient to cover claims. Litigation does not have any health or safety concerns nor is the borrower or subject unit involved. Waiver applied to non-material finding. - Due Diligence Vendor-07/15/2025 |
Months Reserves exceed minimum required - Verified assets of 51.07 months exceeds the minimum required of 3 months Qualifying DTI below maximum allowed - DTI of 34.11% is less than the maximum allowed per guidelines of 50% |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4505027 | |||
| XXXXX | XXXXX | 9213104 | C | B | C | B | B | B | A | A | Closed | FCOM5135 | 2025-06-16 12:34 | 2025-06-17 16:21 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-06/16/2025 | Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-06/16/2025 |
Months Reserves exceed minimum required - Verified assets of 51.07 months exceeds the minimum required of 3 months Qualifying DTI below maximum allowed - DTI of 34.11% is less than the maximum allowed per guidelines of 50% |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4459115 | |||
| XXXXX | XXXXX | 9213109 | D | A | D | A | A | A | A | A | Closed | FCRE1964 | 2025-06-19 18:58 | 2025-06-24 11:09 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing income documentation | Resolved-The deposits are not considered large deposits and no rental income was given to the either of the borrower's rental properties. - Due Diligence Vendor-06/24/2025 Open-Missing documentation to support all Deposit References for $2100 are revenue derived from the borrower's business as an Insurance Agent. - Due Diligence Vendor-06/24/2025 |
Resolved-The deposits are not considered large deposits and no rental income was given to the either of the borrower's rental properties. - Due Diligence Vendor-06/24/2025 |
On time mortgage history exceeds guideline requirement - Qualifying mortgage history 0x30x45; max allowed 1x30x12 Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 764; minimum required 680 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4505298 | |||
| XXXXX | XXXXX | 9213109 | D | A | D | A | A | A | A | A | Closed | FCRE0044 | 2025-06-19 19:13 | 2025-06-24 10:35 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved-LOX for credit inquiries is present in file - Due Diligence Vendor-06/24/2025 Open-LOX for credit inquiries is missing. Missing letter of explanation for credit inquiries on 05/06. - Due Diligence Vendor-06/19/2025 |
Resolved-LOX for credit inquiries is present in file - Due Diligence Vendor-06/24/2025 |
On time mortgage history exceeds guideline requirement - Qualifying mortgage history 0x30x45; max allowed 1x30x12 Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 764; minimum required 680 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4505379 | |||
| XXXXX | XXXXX | 9213109 | D | A | D | A | A | A | A | A | Closed | FCRE1347 | 2025-06-19 18:56 | 2025-06-24 10:33 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 3rd Party VOE Prior to Close Missing | Resolved-B2 paystub dated 5/15/25. - Due Diligence Vendor-06/24/2025 Open-Borrower 2 3rd Party VOE Prior to Close Missing Missing Verbal VOE for B2 obtained within 5 calendar days prior to the Note Date. - Due Diligence Vendor-06/19/2025 |
Resolved-B2 paystub dated 5/15/25. - Due Diligence Vendor-06/24/2025 |
On time mortgage history exceeds guideline requirement - Qualifying mortgage history 0x30x45; max allowed 1x30x12 Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 764; minimum required 680 |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4505284 | |||
| XXXXX | XXXXX | 9197005 | D | A | D | A | A | A | C | A | Closed | FPRO0022 | 2025-06-18 12:54 | 2025-06-23 12:14 | Resolved | 1 - Information | B | A | Property | Property | FEMA disaster (Public) after appraisal without a PDI or 1004D | Resolved-Received PDI with an inspection date of XXXXX. Free and clear of disaster related damage. - Due Diligence Vendor-06/23/2025 Ready for Review-Document Uploaded. PDI - Seller-06/20/2025 Open-FEMA disaster after appraisal without a Public PDI or 1004D. XXXXX Appraisal Completed XXXXX - Due Diligence Vendor-06/18/2025 |
Ready for Review-Document Uploaded. PDI - Seller-06/20/2025 |
Resolved-Received PDI with an inspection date of XXXXX. Free and clear of disaster related damage. - Due Diligence Vendor-06/23/2025 |
Months Reserves exceed minimum required - The Borrower has reserves in the amount of 133.58 months. DSCR % greater than 1.20 - DSCR is 1.449. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4488703 | |
| XXXXX | XXXXX | 9197005 | D | A | D | A | A | A | C | A | Closed | FPRO0021 | 2025-06-18 12:54 | 2025-06-23 12:14 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster (Individual) after appraisal without a PDI or 1004D | Resolved-Received PDI with an inspection date of XXXXX. Free and clear of disaster related damage. - Due Diligence Vendor-06/23/2025 Ready for Review-Document Uploaded. PDI - Buyer-06/20/2025 Open-FEMA disaster after appraisal without a Individual PDI or 1004D. XXXXX Appraisal Completed XXXXX - Due Diligence Vendor-06/18/2025 |
Resolved-Received PDI with an inspection date of XXXXX. Free and clear of disaster related damage. - Due Diligence Vendor-06/23/2025 |
Months Reserves exceed minimum required - The Borrower has reserves in the amount of 133.58 months. DSCR % greater than 1.20 - DSCR is 1.449. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4488702 | ||
| XXXXX | XXXXX | 9197005 | D | A | D | A | A | A | C | A | Closed | FCRE0109 | 2025-06-18 12:01 | 2025-06-23 12:13 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Rule False - Due Diligence Vendor-06/23/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/20/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Missing Patriot Act Borrower Identification Form. - Due Diligence Vendor-06/18/2025 |
Resolved-Rule False - Due Diligence Vendor-06/23/2025 |
Months Reserves exceed minimum required - The Borrower has reserves in the amount of 133.58 months. DSCR % greater than 1.20 - DSCR is 1.449. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4487841 | ||
| XXXXX | XXXXX | 9197005 | D | A | D | A | A | A | C | A | Closed | FCRE0070 | 2025-06-18 12:06 | 2025-06-23 12:10 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-06/23/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/20/2025 Open-Missing Approval/Underwriting Summary. Conditional Loan Approval with no specifics 222. - Due Diligence Vendor-06/18/2025 |
Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-06/23/2025 |
Months Reserves exceed minimum required - The Borrower has reserves in the amount of 133.58 months. DSCR % greater than 1.20 - DSCR is 1.449. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4487930 | ||
| XXXXX | XXXXX | 9166102 | D | A | D | A | A | A | A | A | Closed | FCRE0112 | 2025-06-18 14:17 | 2025-06-25 17:17 | Resolved | 1 - Information | C | A | Credit | Eligibility | Approval/Underwriting Summary Not Provided_3 | Resolved-1008 provided. - Due Diligence Vendor-06/25/2025 Ready for Review-Document Uploaded. 1008 - Seller-06/25/2025 Open-Approval/Underwriting Summary Not Provided. Loan file is missing a loan approval and/or Underwriting Summary (1008). - Due Diligence Vendor-06/18/2025 |
Ready for Review-Document Uploaded. 1008 - Seller-06/25/2025 |
Resolved-1008 provided. - Due Diligence Vendor-06/25/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 742 qualifying FICO score, 700 minimum score required. LTV is less than guideline maximum - 74% LTV ratio, 80% maximum LTV allowed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4490273 | |
| XXXXX | XXXXX | 9166102 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-18 15:39 | 2025-06-25 11:32 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-06/25/2025 Ready for Review-Document Uploaded. DSCR Calculator - Seller-06/24/2025 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-06/18/2025 |
Ready for Review-Document Uploaded. DSCR Calculator - Seller-06/24/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-06/25/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 742 qualifying FICO score, 700 minimum score required. LTV is less than guideline maximum - 74% LTV ratio, 80% maximum LTV allowed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4492152 | |
| XXXXX | XXXXX | 9166102 | D | A | D | A | A | A | A | A | Closed | FCRE1479 | 2025-06-18 14:09 | 2025-06-25 11:29 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-Received statements reflecting source of cashiers check and reserves. - Due Diligence Vendor-06/25/2025 Ready for Review-Document Uploaded. Assets - Seller-06/24/2025 Open-Asset Record 1 Does Not Meet G/L Requirements For DSCR loans, assets must be documented with the most recent 30 day statement. An updated bank stmt is required. It should be noted the updated bank statement is required to substantiate sufficient reserves to cover closing costs of $66,350.42 (as documented by the cashier's check in file from the same institution) as well as 3 months of PITI reserves. Additional conditions may apply. - Due Diligence Vendor-06/18/2025 |
Ready for Review-Document Uploaded. Assets - Seller-06/24/2025 |
Resolved-Received statements reflecting source of cashiers check and reserves. - Due Diligence Vendor-06/25/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 742 qualifying FICO score, 700 minimum score required. LTV is less than guideline maximum - 74% LTV ratio, 80% maximum LTV allowed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4490129 | |
| XXXXX | XXXXX | 9166102 | D | A | D | A | A | A | A | A | Closed | FCRE0969 | 2025-06-18 13:06 | 2025-06-25 11:19 | Resolved | 1 - Information | C | A | Credit | Closing | Prepayment Penalty Issue | Resolved-Received prepayment addendum to Note confirming 24 months. - Due Diligence Vendor-06/25/2025 Ready for Review-Document Uploaded. Note Addendum Signed - Buyer-06/24/2025 Open-Guides allow a prepay maximum of 5 years. The duration of the prepayment penalty was not provided in the Note or the prepay rider to the Deed of Trust. - Due Diligence Vendor-06/18/2025 |
Resolved-Received prepayment addendum to Note confirming 24 months. - Due Diligence Vendor-06/25/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 742 qualifying FICO score, 700 minimum score required. LTV is less than guideline maximum - 74% LTV ratio, 80% maximum LTV allowed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4488929 | ||
| XXXXX | XXXXX | 9166102 | D | A | D | A | A | A | A | A | Closed | FCRE1157 | 2025-06-18 13:30 | 2025-06-23 10:12 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Received Hazard Policy. - Due Diligence Vendor-06/23/2025 Ready for Review-Document Uploaded. supporting docs - Seller-06/20/2025 Open-Missing Hazard Insurance Policy File is missing a copy of the subject property Hazard Insurance Policy. Additional conditions may apply. - Due Diligence Vendor-06/18/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-06/20/2025 |
Resolved-Received Hazard Policy. - Due Diligence Vendor-06/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 742 qualifying FICO score, 700 minimum score required. LTV is less than guideline maximum - 74% LTV ratio, 80% maximum LTV allowed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4489387 | |
| XXXXX | XXXXX | 9166102 | D | A | D | A | A | A | A | A | Closed | FCRE1145 | 2025-06-18 13:15 | 2025-06-23 10:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document Missing | Resolved-Received commitment. - Due Diligence Vendor-06/23/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/20/2025 Open-Title Document is missing Missing the preliminary title report and all applicable Schedules - Due Diligence Vendor-06/18/2025 |
Resolved-Received commitment. - Due Diligence Vendor-06/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 742 qualifying FICO score, 700 minimum score required. LTV is less than guideline maximum - 74% LTV ratio, 80% maximum LTV allowed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4489133 | ||
| XXXXX | XXXXX | 9166102 | D | A | D | A | A | A | A | A | Closed | FCRE1151 | 2025-06-18 15:21 | 2025-06-23 10:08 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Satisfactory Chain of Title has been provided - Due Diligence Vendor-06/23/2025 Ready for Review-Document Uploaded. supporting docs - Seller-06/20/2025 Open-Unsatisfactory Chain of Title provided. Missing 24 month Chain of Title - Due Diligence Vendor-06/18/2025 |
Ready for Review-Document Uploaded. supporting docs - Seller-06/20/2025 |
Resolved-Satisfactory Chain of Title has been provided - Due Diligence Vendor-06/23/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 742 qualifying FICO score, 700 minimum score required. LTV is less than guideline maximum - 74% LTV ratio, 80% maximum LTV allowed. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4491493 | |
| XXXXX | XXXXX | 9166117 | C | B | C | B | A | A | A | A | Closed | FCRE9488 | 2025-06-18 13:26 | 2025-06-26 11:13 | Resolved | 1 - Information | C | A | Credit | Borrower | Potential Occupancy/Current Address Issues identified in the file | Resolved-Received LOE from the client. Occupancy on the 1003 was marked in error. Received a revised post close 1003. - Due Diligence Vendor-06/26/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-06/24/2025 Counter-Received confirmation borrower has no ownership in current residence, received corrected 1003 reflecting no ownership-missing explanation supporting investment occupancy of subject as initial 1003 reflecting occupying. - Due Diligence Vendor-06/24/2025 Ready for Review-Document Uploaded. Please see attached corrected 1003 and property search for the borrower’s current primary. This shows that XXXXX has owned the property since XXXXX while our borrower was born in XXXXX. - Buyer-06/23/2025 Counter-Received housing exception documentation-original finding not addressed. - Due Diligence Vendor-06/20/2025 Ready for Review-Document Uploaded. exception request and approval uploaded - Buyer-06/18/2025 Open-The initial and final 1003's Declaration section 5, indicate the borrower will occupy the property as a primary; however, the file contains a Business Purpose/Occupancy Affidavit indicating the subject will not be owner occupied. Proof of non-occupancy required. Subject to additional conditions. Additionally, the initial 1003 indicates the borrower owns his primary residence and the final 1003 indicates no primary housing expense. The file contains a LOX from brother indicating the borrower lives rent free; however, the fraud report reflects the borrower owns the property under his business entity. Missing explanation. - Due Diligence Vendor-06/18/2025 |
Resolved-Received LOE from the client. Occupancy on the 1003 was marked in error. Received a revised post close 1003. - Due Diligence Vendor-06/26/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 443.22 months On time mortgage history exceeds guideline requirement - Credit report reflects 0x30x24 on a mortgage. Guides requires 1x30x12 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4489313 | ||
| XXXXX | XXXXX | 9166117 | C | B | C | B | A | A | A | A | Closed | FCRE1440 | 2025-06-18 13:49 | 2025-06-20 12:13 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Waived-Client provided a waiver t for <12 months housing history-– wavier applied with reviewed compfactors - Due Diligence Vendor-06/20/2025 Ready for Review-Document Uploaded. Exception request and approval uploaded - Buyer-06/18/2025 Open-Housing History Does Not Meet Guideline Requirements Exception for borrower lives/rents free. Borrower's investment property is in his business name and was purchased XXXXX. Loan was paid off XXXXX with less than 12 months history which is required when living rent free. Exception approval email in loan file; exception request form is missing from the loan file. - Due Diligence Vendor-06/18/2025 |
Waived-Client provided a waiver t for <12 months housing history-– wavier applied with reviewed compfactors - Due Diligence Vendor-06/20/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 443.22 months On time mortgage history exceeds guideline requirement - Credit report reflects 0x30x24 on a mortgage. Guides requires 1x30x12 |
Reserves: 443 months> 3 months minimum required On Time Mortgage Rating: 0x30x24 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4489711 | |
| XXXXX | XXXXX | 9213084 | D | A | D | A | A | A | A | A | Closed | FCRE5116 | 2025-06-17 16:17 | 2025-07-07 15:55 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing VOM or VOR | Resolved-Updated 1003 provided confirming the borrower owns his primary and both liens report on the credit report. - Due Diligence Vendor-07/07/2025 Counter-Revised 1003 reflecting the owner of the primary residence. Please provide documentation to support account XXXXX is paid current through close and a 12 month payment history for the second lien XXXXX. - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. Please see attached corrected 1003. - Buyer-07/02/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. 1003 states no primary housing expense, but is missing the rent free letter - Due Diligence Vendor-06/17/2025 |
Resolved-Updated 1003 provided confirming the borrower owns his primary and both liens report on the credit report. - Due Diligence Vendor-07/07/2025 |
Months Reserves exceed minimum required - 110 vs. 2 required LTV is less than guideline maximum - > 59% LTV vs. max LTV of 75% Qualifying FICO score is at least 20 points above minimum for program - 778 vs. 680 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4478271 | ||
| XXXXX | XXXXX | 9213120 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-06-18 10:22 | 2025-06-26 10:12 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/26/2025 Ready for Review-Document Uploaded. Please see attached. - Buyer-06/25/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing Legal Description. - Due Diligence Vendor-06/18/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/26/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 800; guidelines require 700. LTV is less than guideline maximum - LTV 64% LTV. Allowed 75% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4485521 | ||
| XXXXX | XXXXX | 9182091 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9173512 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9166122 | C | A | C | A | C | A | C | A | Closed | FPRO1136 | 2025-06-20 07:34 | 2025-07-14 11:10 | Resolved | 1 - Information | C | A | Property | Appraisal | Subject property appraisal is not on an as-is basis (Primary Value) | Resolved--1004D provided. - Due Diligence Vendor-07/14/2025 Ready for Review-Document Uploaded. 1004D Rebuttal - Seller-07/11/2025 Ready for Review-Document Uploaded. 1004D addresses both appraisal for "subject to" septic tank. - Buyer-06/25/2025 Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not Present Both Appraisals marked as Subject to with no Appraisal Update/Completion Report in file. Missing 1004D's for both appraisals - Due Diligence Vendor-06/20/2025 |
Ready for Review-Document Uploaded. 1004D Rebuttal - Seller-07/11/2025 |
Resolved--1004D provided. - Due Diligence Vendor-07/14/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680; qualifying FICO is 712. Months Reserves exceed minimum required - Months reserves required is 9; qualifying reserves is 9.57 months. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4508271 | |
| XXXXX | XXXXX | 9166122 | C | A | C | A | C | A | C | A | Closed | finding-3634 | 2025-06-17 14:54 | 2025-07-03 08:01 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Received COC XXXXX for increase in Final Inspection fee. - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-07/01/2025 Counter------Received COC XXXXX for increase in points. Zero (0%) tolerance fees increased by $165.00 (Appraisal Re-Inspection Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $165.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 1 year- Expiration date is XXXXX. - Due Diligence Vendor-06/26/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $195.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). - Due Diligence Vendor-06/26/2025 Ready for Review-Document Uploaded. Revised CD XXXXXand tracking - Seller-06/25/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $45,288.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Zero (0%) tolerance fees increased by $45,288.00 (Mortgage Broker Fee & Appraisal Re-Inspection Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $45,288.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 1 year- Expiration date is XXXXX. - Due Diligence Vendor-06/17/2025 |
Ready for Review-Document Uploaded. Revised CD XXXXX and tracking - Seller-06/25/2025 |
Resolved-Received COC XXXXXfor increase in Final Inspection fee. - Due Diligence Vendor-07/03/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680; qualifying FICO is 712. Months Reserves exceed minimum required - Months reserves required is 9; qualifying reserves is 9.57 months. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4476662 | |
| XXXXX | XXXXX | 9166122 | C | A | C | A | C | A | C | A | Closed | FCRE1510 | 2025-06-17 14:20 | 2025-06-26 13:07 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/26/2025 Ready for Review-Document Uploaded. Legal with Mortgage recorded together. - Seller-06/25/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. -----Legal Description Exhibit A is missing. - Due Diligence Vendor-06/17/2025 |
Ready for Review-Document Uploaded. Legal with Mortgage recorded together. - Seller-06/25/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/26/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680; qualifying FICO is 712. Months Reserves exceed minimum required - Months reserves required is 9; qualifying reserves is 9.57 months. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4475943 | |
| XXXXX | XXXXX | 9197007 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-06-20 08:48 | 2025-06-30 12:07 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. Legal with DOT - uploaded as a batch condition document as well due to error when attaching to condition. Please review imported doc. - Buyer-06/27/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Exhibit A missing from DOT - Due Diligence Vendor-06/20/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/30/2025 |
LTV is less than guideline maximum - Max 80%, actual 50% Months Reserves exceed minimum required - Min 3 months, actual 99 months Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 735 DSCR =/> 1.00 and minimum is 0.85 or Less - Actual 1.039 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4508916 | ||
| XXXXX | XXXXX | 9213106 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9173510 | D | B | D | A | C | B | A | A | Closed | finding-3635 | 2025-06-25 08:26 | 2025-06-30 07:42 | Cured | 2 - Non-Material | C | B | Compliance | TRID | Charges That In Total Cannot Increase More Than 10% Test | Cured-Received PCCD XXXXX, copy of check, LOX and proof of delivery. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. Supporting docs - Seller-06/27/2025 Open-----NEW----Ten (10%) tolerance fees (Recording fee) increased by $91.00 without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $63.50, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. - Due Diligence Vendor-06/25/2025 |
Ready for Review-Document Uploaded. Supporting docs - Seller-06/27/2025 |
Cured-Received PCCD XXXXX, copy of check, LOX and proof of delivery. - Due Diligence Vendor-06/30/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 774 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 10.08 months |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4553273 | |
| XXXXX | XXXXX | 9173510 | D | B | D | A | C | B | A | A | Closed | FCRE7806 | 2025-06-20 17:24 | 2025-06-26 13:23 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Bank Statement Summary/Lender Worksheet is Missing | Resolved-Received Bank Statement Summary/Lender Worksheet - Due Diligence Vendor-06/26/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-06/25/2025 Open-The Borrower 1 Bank Statement Summary/Lender Worksheet is Missing - Due Diligence Vendor-06/20/2025 |
Resolved-Received Bank Statement Summary/Lender Worksheet - Due Diligence Vendor-06/26/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 774 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 10.08 months |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4518481 | ||
| XXXXX | XXXXX | 9173510 | D | B | D | A | C | B | A | A | Closed | finding-47 | 2025-06-18 13:02 | 2025-06-25 08:28 | Resolved | 1 - Information | C | A | Compliance | Right to Rescind | TILA Right of Rescission Test | Resolved-Received PCCD XXXXX, disbursement date XXXXX - Due Diligence Vendor-06/25/2025 Ready for Review-Document Uploaded. PCCD - Seller-06/24/2025 Open-This loan failed the TILA right of rescission test.Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3) , transferred from 12 CFR §226.15(a)(3) )The funding date is before the third business day following consummation.The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by 12 CFR §1026.23 or §1026.15, or delivery of all material disclosures, whichever occurs last. ----- Provide PCCD with disbursement date after the ROR expiration date. - Due Diligence Vendor-06/18/2025 |
Ready for Review-Document Uploaded. PCCD - Seller-06/24/2025 |
Resolved-Received PCCD XXXXX, disbursement date XXXXX. - Due Diligence Vendor-06/25/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 700, qualifying score is 774 Months Reserves exceed minimum required - Minimum reserves are 3 months, Borrower has 10.08 months |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4488826 | |
| XXXXX | XXXXX | 9182089 | C | A | C | A | A | A | A | A | Closed | FCRE1254 | 2025-06-23 11:39 | 2025-06-30 12:23 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received title supplement reflecting vested entity and lender as proposed insured. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. Supporting docs - Buyer-06/27/2025 Counter-Received title supplement reflecting lenders name-missing borrowers name and confirmation all parties search completed with no findings. #10 on schedule B. - Due Diligence Vendor-06/25/2025 Ready for Review-Document Uploaded. Purposed Insured - Buyer-06/24/2025 Open-Property Title Issue Missing Purposed Insured. - Due Diligence Vendor-06/23/2025 |
Resolved-Received title supplement reflecting vested entity and lender as proposed insured. - Due Diligence Vendor-06/30/2025 |
Months Reserves exceed minimum required - The Borrower has 10.59 months in reserves. Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 795; Guidelines minimum is 680. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4528149 | ||
| XXXXX | XXXXX | 9173492 | D | A | D | A | A | A | A | A | Closed | FCRE5770 | 2025-06-20 22:43 | 2025-06-30 12:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Credit Report is Missing | Resolved-Received Credit Report. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-06/26/2025 Open-Borrower 1 Credit Report is Missing. - Due Diligence Vendor-06/21/2025 |
Resolved-Received Credit Report. - Due Diligence Vendor-06/30/2025 |
Long term residence - Borrower has lived in primary residence over 10 years LTV is less than guideline maximum - LTV 52.50 - Maximum 80% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4519748 | ||
| XXXXX | XXXXX | 9173493 | C | A | C | A | A | A | C | A | Closed | FPRO1250 | 2025-06-23 08:36 | 2025-07-02 14:11 | Resolved | 1 - Information | C | A | Property | Property | Property Condition Rating Does Not Meet Program Requirements | Resolved-Upon further, appraiser stated personal property. - Due Diligence Vendor-07/02/2025 Ready for Review-Document Uploaded. Rebuttal Appraisal - Buyer-07/01/2025 Open-Primary Value Valuation Property Condition Rating Does Not Meet Program Requirements Appraiser to comment on structure in picture of back of house. Rain tarp is visible, is there an active leak? Repairs appear to extend to entryway porch. - Due Diligence Vendor-06/23/2025 |
Resolved-Upon further, appraiser stated personal property. - Due Diligence Vendor-07/02/2025 |
Months Reserves exceed minimum required - 100 months reserves documented, 3 months required LTV is less than guideline maximum - 28% LTV, program allows to 75% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4524807 | ||
| XXXXX | XXXXX | 9173493 | C | A | C | A | A | A | C | A | Closed | FCOM1221 | 2025-06-23 09:17 | 2025-06-30 11:34 | Resolved | 1 - Information | C | A | Credit | Closing | The Deed of Trust is Incomplete | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. Legal Description Uploaded - Buyer-06/26/2025 Open-The Deed of Trust is Incomplete Missing Exhibit "A"-Legal description. - Due Diligence Vendor-06/23/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-06/30/2025 |
Months Reserves exceed minimum required - 100 months reserves documented, 3 months required LTV is less than guideline maximum - 28% LTV, program allows to 75% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4525282 | ||
| XXXXX | XXXXX | 9173493 | C | A | C | A | A | A | C | A | Closed | FCRE7009 | 2025-06-23 08:42 | 2025-06-30 11:32 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Received correct policy reflecting sufficient coverage. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. Supporting doc - Seller-06/27/2025 Ready for Review-Document Uploaded. Hazard Insurance Dec page coverage XXXXX- Rebuttal: Total Estimate of Cost New XXXXX on appraisal and Coverage on Hazard Insurance Declarations page are sufficient coverage XXXXX (Ins. attached) - Seller-06/27/2025 Open-Insufficient Coverage Amount for Insured Subject Property. Hazard Insurance coverage should be in the amount of the lesser of: • 100% of the insurable value of improvements, as established by the property insurer or reputable 3rd party source (i.e., CoreLogic); • Estimated cost to replace as notated on appraisal delivered with loan file (Total Estimate of Cost-New) OR RCE from insurance provider/agent; • The unpaid principal balance of the mortgage - Due Diligence Vendor-06/23/2025 |
Ready for Review-Document Uploaded. Supporting doc - Seller-06/27/2025 Ready for Review-Document Uploaded. Hazard Insurance Dec page coverage XXXXX- Rebuttal: Total Estimate of Cost New XXXXX on appraisal and Coverage on Hazard Insurance Declarations page are sufficient coverage XXXXX. (Ins. attached) - Seller-06/27/2025 |
Resolved-Received correct policy reflecting sufficient coverage. - Due Diligence Vendor-06/30/2025 |
Months Reserves exceed minimum required - 100 months reserves documented, 3 months required LTV is less than guideline maximum - 28% LTV, program allows to 75% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4524885 | |
| XXXXX | XXXXX | 9197028 | C | A | C | A | A | A | A | A | Closed | FCRE0116 | 2025-06-24 10:07 | 2025-06-27 10:17 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Warrantability Documentation | Resolved-1008 received confirming the condo in warrantable. - Due Diligence Vendor-06/27/2025 Ready for Review-Document Uploaded. 1008 - Buyer-06/25/2025 Open-Missing Warrantability Documentation. Missing UW attestation/docs (1008/Approval) from LENDER Stating warrantability - Due Diligence Vendor-06/24/2025 |
Resolved-1008 received confirming the condo in warrantable. - Due Diligence Vendor-06/27/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 21.74%; max permitted 50%. Months Reserves exceed minimum required - 361 months PITIA reserves; 6 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4540565 | ||
| XXXXX | XXXXX | 9197018 | C | A | C | A | A | A | A | A | Closed | FCRE0116 | 2025-06-23 17:38 | 2025-06-26 11:37 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Warrantability Documentation | Resolved-Received UW attestation. - Due Diligence Vendor-06/26/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-06/24/2025 Open-Missing Warrantability Documentation. Missing UW attestation/docs (1008/Approval) from LENDER Stating warrantability - Due Diligence Vendor-06/24/2025 |
Resolved-Received UW attestation. - Due Diligence Vendor-06/26/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 11.92 months. Qualifying FICO score is at least 20 points above minimum for program - Minimum FICO is 680; qualifying FICO is 741. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4534572 | ||
| XXXXX | XXXXX | 9201250 | C | B | C | B | A | A | A | A | Closed | FCRE1510 | 2025-06-24 08:27 | 2025-06-26 11:04 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Mortgage w/Legal Description. - Due Diligence Vendor-06/26/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-06/24/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Exhibit A, legal description missing from Mortgage - Due Diligence Vendor-06/24/2025 |
Resolved-Received Mortgage w/Legal Description. - Due Diligence Vendor-06/26/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 790 Qualifying DTI below maximum allowed - Max 50%, actual 30.27% Months Reserves exceed minimum required - Min 3 months, actual 51.12 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4538699 | ||
| XXXXX | XXXXX | 9201250 | C | B | C | B | A | A | A | A | Closed | FCRE1248 | 2025-06-24 08:52 | 2025-06-24 10:09 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Non-Arm's Length Transactions Not Allowed for Program | Waived-Client exception granted to allow non arm's length purchase of investment. Non-material waiver applied with comp factors. Deemed non-material due to strong comp factors and pay history on subject verified no bail out. - Due Diligence Vendor-06/24/2025 Open-Non-Arm's Length Transactions Not Allowed for Program Not allowed on investment purchase-borrower is purchasing from son and Daughter in law. - Due Diligence Vendor-06/24/2025 |
Waived-Client exception granted to allow non arm's length purchase of investment. Non-material waiver applied with comp factors. Deemed non-material due to strong comp factors and pay history on subject verified no bail out. - Due Diligence Vendor-06/24/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 790 Qualifying DTI below maximum allowed - Max 50%, actual 30.27% Months Reserves exceed minimum required - Min 3 months, actual 51.12 months |
Credit score 790 DTI 32% Reserves 12 months Residual Income $18,000 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4539343 | ||
| XXXXX | XXXXX | 9182111 | C | B | C | A | B | B | A | A | Closed | FCRE1506 | 2025-06-24 13:42 | 2025-07-09 10:23 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-07/07/2025 Ready for Review-Document Uploaded. Please see attached 1007 that was included in the file. The property was a concurrent purchase. - Buyer-07/03/2025 Counter-Pending receipt of Rental Income documentation. - Due Diligence Vendor-07/02/2025 Ready for Review-Document Uploaded. Supporting docs- XXXXX was paid to zero balance. Please re-review DTI calcs - Seller-07/01/2025 Counter-PITIA for XXXXX provided. Reviewed DTI is $15,909.61 total combined income, $3,428.27 subjects PITIA, $3,346.28 REO loss and $1,593 consumer debt. - Due Diligence Vendor-06/27/2025 Ready for Review-NOTE (CONCURRENT) / Final CD (concurrent) / EOI (concurrent) - Seller-06/25/2025 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Audit DTI is 52% vs lender DTI of 47% - Due Diligence Vendor-06/24/2025 |
Ready for Review-Document Uploaded. Supporting docs- XXXXX was paid to zero balance. Please re-review DTI calcs - Seller-07/01/2025 Ready for Review-NOTE (CONCURRENT) / Final CD (concurrent) / EOI (concurrent) - Seller-06/25/2025 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-07/07/2025 |
LTV is less than guideline maximum - LTV 60%; max 80%. Months Reserves exceed minimum required - 21.61 months PITIA reserves; 3 months reserves required. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4545155 | |
| XXXXX | XXXXX | 9182111 | C | B | C | A | B | B | A | A | Closed | FCRE1295 | 2025-06-24 12:59 | 2025-07-07 12:44 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income 4 Months Income Verified is Missing | Resolved-Originator utilized 1007 for rental income-property acquired post consummation from subject. - Due Diligence Vendor-07/07/2025 Ready for Review-Document Uploaded. Please see attached 1007 that was included in the file. The property was a concurrent purchase. - Seller-07/03/2025 Counter-Please provide documentation to support $3,200 rent used for this property per the 1003. DTI to be re-calculated once received. - Due Diligence Vendor-07/02/2025 Ready for Review-Please clarify what is needed. Additional supporting docs for DTI calc uploaded to DTI conditions today. - Seller-07/01/2025 Counter-Please provide the income documentation for XXXXX. - Due Diligence Vendor-06/27/2025 Ready for Review-Document Uploaded. NOTE (CONCURRENT) / Final CD (concurrent) / EOI (concurrent) - Seller-06/25/2025 Open-Income 4 Months Income Verified is Missing Per final 1003, REO 3b is a concurrent purchase. Not documentation provided. - Due Diligence Vendor-06/24/2025 |
Ready for Review-Document Uploaded. Please see attached 1007 that was included in the file. The property was a concurrent purchase. - Seller-07/03/2025 Ready for Review-Please clarify what is needed. Additional supporting docs for DTI calc uploaded to DTI conditions today. - Seller-07/01/2025 Ready for Review-Document Uploaded. NOTE (CONCURRENT) / Final CD (concurrent) / EOI (concurrent) - Seller-06/25/2025 |
Resolved-Originator utilized 1007 for rental income-property acquired post consummation from subject. - Due Diligence Vendor-07/07/2025 |
LTV is less than guideline maximum - LTV 60%; max 80%. Months Reserves exceed minimum required - 21.61 months PITIA reserves; 3 months reserves required. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4544255 | |
| XXXXX | XXXXX | 9182111 | C | B | C | A | B | B | A | A | Closed | FCRE1193 | 2025-06-24 13:51 | 2025-07-07 12:44 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Excluded two credit accounts. DTI to be re-calculated when REO documentation is provided. Audited DTI of 47.42% is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-07/02/2025 Ready for Review-Document Uploaded. Supporting docs- XXXXX was paid to zero balance. Please re-review DTI calcs - Buyer-07/01/2025 Counter-PITIA for XXXXX provided. Reviewed DTI is $15,909.61 total combined income, $3,428.27 subjects PITIA, $3,346.28 REO loss and $1,593 consumer debt. - Due Diligence Vendor-06/27/2025 Ready for Review-Document Uploaded. NOTE (CONCURRENT) / Final CD (concurrent) / EOI (concurrent) - Buyer-06/25/2025 Open-Audited DTI of 52.59% exceeds Guideline DTI of 50% Audit matches final 1003 with Total All Monthly Payments is $8367.56 vs lender 1008 total of $7544.56. Per final 1003, there is a concurrent purchase with lender as well, however no documentation was provided. - Due Diligence Vendor-06/24/2025 |
Resolved-Excluded two credit accounts. DTI to be re-calculated when REO documentation is provided. Audited DTI of 47.42% is less than or equal to Guideline DTI of 50% - Due Diligence Vendor-07/02/2025 |
LTV is less than guideline maximum - LTV 60%; max 80%. Months Reserves exceed minimum required - 21.61 months PITIA reserves; 3 months reserves required. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4545353 | ||
| XXXXX | XXXXX | 9182111 | C | B | C | A | B | B | A | A | Closed | FCOM5135 | 2025-06-20 14:16 | 2025-06-20 14:16 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-06/20/2025 | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-06/20/2025 |
LTV is less than guideline maximum - LTV 60%; max 80%. Months Reserves exceed minimum required - 21.61 months PITIA reserves; 3 months reserves required. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | Originator Post-Close | No | 4515241 | |||
| XXXXX | XXXXX | 9213082 | C | A | C | A | A | A | A | A | Closed | FCRE7375 | 2025-06-24 09:49 | 2025-07-07 11:46 | Resolved | 1 - Information | C | A | Credit | Borrower | Citizenship Does Not Meet Guideline Requirements | Resolved-Received passport. - Due Diligence Vendor-07/07/2025 Ready for Review-Document Uploaded. Please see attached. - Buyer-07/02/2025 Open-Missing Borrower Citizenship Documents. - Due Diligence Vendor-06/24/2025 |
Resolved-Received passport. - Due Diligence Vendor-07/07/2025 |
LTV is less than guideline maximum - LTV 60% LTV. Allowed 70% Months Reserves exceed minimum required - 21 months reserves; 6 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4540253 | ||
| XXXXX | XXXXX | 9213105 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9213111 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9213142 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9213092 | B | B | A | A | B | B | A | A | Closed | FCOM5135 | 2025-06-20 13:30 | 2025-06-20 13:45 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-06/20/2025 | Waived-Required Affiliated Business Disclosure Missing -----Client waiver applied to non-material Findings. - Due Diligence Vendor-06/20/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 640, Bwr FICO 736 Months Reserves exceed minimum required - 7.22 mths reserves; 3 mths required. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | Investor Post-Close | No | 4514464 | |||
| XXXXX | XXXXX | 9213100 | C | B | C | B | B | B | A | A | Closed | FCRE0360 | 2025-06-24 15:05 | 2025-06-24 17:20 | Waived | 2 - Non-Material | C | B | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Waived-Client exception granted to allow private VOR with no 6 month proof of payment since pays in cash. Non-material waiver applied with comp factors. Deemed non-material due to strong comp factors and VOR shows clean pay history since 2018. - Due Diligence Vendor-06/24/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. VOR completed by private landlord, unable to document 6 month payment history-borrower pays rent in cash - Due Diligence Vendor-06/24/2025 |
Waived-Client exception granted to allow private VOR with no 6 month proof of payment since pays in cash. Non-material waiver applied with comp factors. Deemed non-material due to strong comp factors and VOR shows clean pay history since 2018. - Due Diligence Vendor-06/24/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 640, Bwr FICO 667 Qualifying DTI below maximum allowed - DTI 30.09% is lower than max allowable of 50% Months Reserves exceed minimum required - 10.97 mths reserves; 6 mths required. |
Residual Income ($8,031.66) DTI (30.09) Years on job (5) |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4546818 | ||
| XXXXX | XXXXX | 9213100 | C | B | C | B | B | B | A | A | Closed | FCOM5135 | 2025-06-20 14:58 | 2025-06-23 07:23 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing ----- Client waiver applied to non-material Findings - Due Diligence Vendor-06/20/2025 | Waived-Required Affiliated Business Disclosure Missing ----- Client waiver applied to non-material Findings - Due Diligence Vendor-06/20/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 640, Bwr FICO 667 Qualifying DTI below maximum allowed - DTI 30.09% is lower than max allowable of 50% Months Reserves exceed minimum required - 10.97 mths reserves; 6 mths required. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4516145 | |||
| XXXXX | XXXXX | 9173514 | D | A | D | A | A | A | D | A | Closed | FPRO1253 | 2025-06-24 13:48 | 2025-07-01 10:49 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Received desk review associated with appraisal. - Due Diligence Vendor-07/01/2025 Ready for Review-Document Uploaded. CDA with XXXXX date - Buyer-06/30/2025 Counter-CDA provided is for an appraisal with an effective date of XXXXX with a value of XXXXX and the Appraisal in the loan file has an effective date of XXXXX with a value of XXXXX. Loan was approved with the lower value. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. CDA - Buyer-06/26/2025 Open-Additional valuation product has not been provided. CU and LCA scores exceeded 2.5 (3.7 & 5). Secondary valuation required to support appraised value. - Due Diligence Vendor-06/25/2025 |
Resolved-Received desk review associated with appraisal. - Due Diligence Vendor-07/01/2025 |
LTV is less than guideline maximum - Max 75%, actual 70% Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 775 Months Reserves exceed minimum required - Min 3 months, actual 55.35 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4545293 | ||
| XXXXX | XXXXX | 9173514 | D | A | D | A | A | A | D | A | Closed | FCRE0043 | 2025-06-24 14:02 | 2025-06-30 11:37 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR Calculation was located. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. DSCR - Buyer-06/26/2025 Open-The DSCR Calculation from lender is Missing. Lender DSCR Calculation missing - Due Diligence Vendor-06/24/2025 |
Resolved-DSCR Calculation was located. - Due Diligence Vendor-06/30/2025 |
LTV is less than guideline maximum - Max 75%, actual 70% Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 775 Months Reserves exceed minimum required - Min 3 months, actual 55.35 months |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4545584 | ||
| XXXXX | XXXXX | 9190380 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9197034 | D | A | D | A | A | A | A | A | Closed | FCRE1152 | 2025-06-25 08:03 | 2025-07-09 10:40 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Evidence of Property Tax is present - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. Per our closing team, the tax bill for 2025 not yet available. There was 20% padding in the annual tax amount. If escrow account was over-collected, servicer will do an annual escrow analysis and borrower will get surplus funds. This should not be an exception. - Seller-07/02/2025 Counter-Property tax received does not match impounded amount. Title to confirm tax estimate. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. tax cert uploaded - Buyer-06/27/2025 Open-Missing Evidence of Property Tax Missing calculation used for impounded tax amount. - Due Diligence Vendor-06/25/2025 |
Ready for Review-Document Uploaded. Per our closing team, the tax bill for 2025 not yet available. There was 20% padding in the annual tax amount. If escrow account was over-collected, servicer will do an annual escrow analysis and borrower will get surplus funds. This should not be an exception. - Seller-07/02/2025 |
Resolved-Evidence of Property Tax is present - Due Diligence Vendor-07/03/2025 |
Months Reserves exceed minimum required - Reserves: 126 Min 3 includes 78 months own funds Qualifying FICO score is at least 20 points above minimum for program - FICO: 739 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4553055 | |
| XXXXX | XXXXX | 9197034 | D | A | D | A | A | A | A | A | Closed | FCRE8887 | 2025-06-25 07:58 | 2025-07-03 13:19 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-Business purpose loan application, SSN is not required. - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. SSN is on the bor cert and auth form, does not have to be on the loan application. - Seller-07/02/2025 Counter-Received borrower certification-missing social reflecting on 1003 and credit report. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. Valid SSN of guarantor uploaded - Seller-06/27/2025 Open-Missing borrower social security number, also not on credit report. - Due Diligence Vendor-06/25/2025 |
Ready for Review-Document Uploaded. SSN is on the bor cert and auth form, does not have to be on the loan application. - Seller-07/02/2025 Ready for Review-Document Uploaded. Valid SSN of guarantor uploaded - Seller-06/27/2025 |
Resolved-Business purpose loan application, SSN is not required. - Due Diligence Vendor-07/03/2025 |
Months Reserves exceed minimum required - Reserves: 126 Min 3 includes 78 months own funds Qualifying FICO score is at least 20 points above minimum for program - FICO: 739 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4553004 | |
| XXXXX | XXXXX | 9197034 | D | A | D | A | A | A | A | A | Closed | FCRE0109 | 2025-06-24 19:56 | 2025-06-30 13:03 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Received acceptable form of ID. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. photo ID uploaded - Seller-06/27/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Missing Patriot Act Identification Form - Due Diligence Vendor-06/24/2025 |
Ready for Review-Document Uploaded. photo ID uploaded - Seller-06/27/2025 |
Resolved-Received acceptable form of ID. - Due Diligence Vendor-06/30/2025 |
Months Reserves exceed minimum required - Reserves: 126 Min 3 includes 78 months own funds Qualifying FICO score is at least 20 points above minimum for program - FICO: 739 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4550240 | |
| XXXXX | XXXXX | 9197034 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-24 19:59 | 2025-06-30 13:03 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-06/27/2025 Open-The DSCR Calculation from lender is Missing. Missing lender's DSCR Calculation Worksheet - Due Diligence Vendor-06/24/2025 |
Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-06/27/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-06/30/2025 |
Months Reserves exceed minimum required - Reserves: 126 Min 3 includes 78 months own funds Qualifying FICO score is at least 20 points above minimum for program - FICO: 739 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4550247 | |
| XXXXX | XXXXX | 9190378 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-06-23 10:01 | 2025-06-30 12:22 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Security Deed w/ Legal Description. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-06/26/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. -----Legal Description is missing from DOT. - Due Diligence Vendor-06/23/2025 |
Resolved-Received Security Deed w/ Legal Description. - Due Diligence Vendor-06/30/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 36.13 months LTV is less than guideline maximum - Max 80%, actual 73.15% Qualifying FICO score is at least 20 points above minimum for program - Min 680, actual 763 |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4525953 | ||
| XXXXX | XXXXX | 9173461 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-06-25 09:59 | 2025-06-26 08:52 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-recorded mortgage with legal description provided. - Due Diligence Vendor-06/26/2025 Ready for Review-Document Uploaded. Legal Description - Buyer-06/26/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing the legal description attached to the mortgage. - Due Diligence Vendor-06/25/2025 |
Resolved-recorded mortgage with legal description provided. - Due Diligence Vendor-06/26/2025 |
On time mortgage history exceeds guideline requirement - Borrower has 0x30 x22 months mortgage history, 1x30 x12 months minimum allowed. Months Reserves exceed minimum required - 97.94 months of reserves, 3 months minimum required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4554735 | ||
| XXXXX | XXXXX | 9173461 | C | A | C | A | A | A | A | A | Closed | FCRE1509 | 2025-06-25 09:57 | 2025-06-26 08:52 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Note Document | Resolved-After further review, the PPP Addendum is located in the file. - Due Diligence Vendor-06/26/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-06/26/2025 Open-There are Issues Present on the Note that must be addressed. Missing the prepayment penalty addendum to the Note. - Due Diligence Vendor-06/25/2025 |
Resolved-After further review, the PPP Addendum is located in the file. - Due Diligence Vendor-06/26/2025 |
On time mortgage history exceeds guideline requirement - Borrower has 0x30 x22 months mortgage history, 1x30 x12 months minimum allowed. Months Reserves exceed minimum required - 97.94 months of reserves, 3 months minimum required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4554698 | ||
| XXXXX | XXXXX | 9196991 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9182079 | D | A | D | A | A | A | A | A | Closed | FCRE0700 | 2025-06-25 13:16 | 2025-06-30 11:48 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Closing Detail Statement Document is Missing | Resolved-Received Final CD. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-06/26/2025 Open-Closing Detail Statement Document is Missing and subject property is an Investment property. Missing page 3 of CD showing payoffs-additional conditions may apply-funds must be for business use. - Due Diligence Vendor-06/25/2025 |
Ready for Review-Document Uploaded. Supporting Doc Uploaded - Seller-06/26/2025 |
Resolved-Received Final CD. - Due Diligence Vendor-06/30/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 8.25 months Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 750 DSCR % greater than 1.20 - Actual 1.29 LTV is less than guideline maximum - Max 80%, actual 67.62% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4559528 | |
| XXXXX | XXXXX | 9182079 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2025-06-25 12:12 | 2025-06-30 11:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received Signed and Notarized Guaranty Agreement. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-06/26/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Missing'. Missing from loan file - guideline requires a personal guaranty agreement to be signed at closing and notarized pg. 64 - Due Diligence Vendor-06/25/2025 |
Resolved-Received Signed and Notarized Guaranty Agreement. - Due Diligence Vendor-06/30/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 8.25 months Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 750 DSCR % greater than 1.20 - Actual 1.29 LTV is less than guideline maximum - Max 80%, actual 67.62% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4558480 | ||
| XXXXX | XXXXX | 9182079 | D | A | D | A | A | A | A | A | Closed | FCOM1221 | 2025-06-23 14:47 | 2025-06-30 11:44 | Resolved | 1 - Information | C | A | Credit | Closing | The Deed of Trust is Incomplete | Resolved-Received complete Mortgage w/1-4 Family Rider and Legal Description. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-06/26/2025 Open-The Deed of Trust is Incomplete -----Missing pages 3, 10 and 12. The notary page and 1-4 Family Rider is missing as well. - Due Diligence Vendor-06/23/2025 |
Resolved-Received complete Mortgage w/1-4 Family Rider and Legal Description. - Due Diligence Vendor-06/30/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 8.25 months Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 750 DSCR % greater than 1.20 - Actual 1.29 LTV is less than guideline maximum - Max 80%, actual 67.62% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4531959 | ||
| XXXXX | XXXXX | 9182079 | D | A | D | A | A | A | A | A | Closed | FCRE1510 | 2025-06-23 14:47 | 2025-06-30 11:44 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete Mortgage w/1-4 Family Rider and Legal Description. - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-06/26/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. -----Legal Description missing - Due Diligence Vendor-06/23/2025 |
Resolved-Received complete Mortgage w/1-4 Family Rider and Legal Description. - Due Diligence Vendor-06/30/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 8.25 months Qualifying FICO score is at least 20 points above minimum for program - Min 700, actual 750 DSCR % greater than 1.20 - Actual 1.29 LTV is less than guideline maximum - Max 80%, actual 67.62% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4531960 | ||
| XXXXX | XXXXX | 9196982 | C | A | C | A | A | A | C | A | Closed | FPRO0021 | 2025-06-26 08:10 | 2025-07-11 16:39 | Resolved | 1 - Information | C | A | Property | Property | FEMA disaster (Individual) after appraisal without a PDI or 1004D | Resolved-PDI Received - No Damage/No Impact to Marketability - Due Diligence Vendor-07/11/2025 Ready for Review-Document Uploaded. PDI - Seller-07/11/2025 Open-FEMA disaster after appraisal without a Individual PDI or 1004D. XXXXX. - Due Diligence Vendor-07/07/2025 |
Ready for Review-Document Uploaded. PDI - Seller-07/11/2025 |
Resolved-PDI Received - No Damage/No Impact to Marketability - Due Diligence Vendor-07/11/2025 |
Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 782; guideline minimum is 700. Months Reserves exceed minimum required - The Borrower has 27.51 months in reserves. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4568112 | |
| XXXXX | XXXXX | 9196982 | C | A | C | A | A | A | C | A | Closed | FCRE1151 | 2025-06-26 08:02 | 2025-07-11 16:38 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Page 6 of 9-line item #9 shows the chain history along with page 9 of 9 shows the rest documented with a quit claim deed - Due Diligence Vendor-07/11/2025 Counter-Received preliminary title report-not reflecting 24 month chain of title. Original finding remains. - Due Diligence Vendor-07/09/2025 Ready for Review-Document Uploaded. Supporting Document - Seller-07/07/2025 Open-Unsatisfactory Chain of Title provided. Missing 24 month Chain of title. - Due Diligence Vendor-06/26/2025 |
Ready for Review-Document Uploaded. Supporting Document - Seller-07/07/2025 |
Resolved-Page 6 of 9-line item #9 shows the chain history along with page 9 of 9 shows the rest documented with a quit claim deed - Due Diligence Vendor-07/11/2025 |
Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 782; guideline minimum is 700. Months Reserves exceed minimum required - The Borrower has 27.51 months in reserves. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4568020 | |
| XXXXX | XXXXX | 9196982 | C | A | C | A | A | A | C | A | Closed | FCRE1254 | 2025-06-26 09:11 | 2025-07-09 13:14 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Received sufficient business entity documentation. - Due Diligence Vendor-07/09/2025 Ready for Review-Document Uploaded. Supporting Documents - Buyer-07/07/2025 Open-Property Title Issue Title is currently held in XXXXX- Per docs in the file the borrower is not the owner. Only document in the file that reflects the borrower being an owner is the certification of beneficial owners - Articles is signed by the same person twice. - Due Diligence Vendor-06/26/2025 |
Resolved-Received sufficient business entity documentation. - Due Diligence Vendor-07/09/2025 |
Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 782; guideline minimum is 700. Months Reserves exceed minimum required - The Borrower has 27.51 months in reserves. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4568832 | ||
| XXXXX | XXXXX | 9196982 | C | A | C | A | A | A | C | A | Closed | FPRO0022 | 2025-06-26 08:10 | 2025-07-07 09:42 | Resolved | 1 - Information | B | A | Property | Property | FEMA disaster (Public) after appraisal without a PDI or 1004D | Resolved-FEMA disaster after appraisal without a Individual PDI or 1004D. XXXXX. - Due Diligence Vendor-07/07/2025 Open-FEMA disaster after appraisal without a Public PDI or 1004D. XXXXX - Due Diligence Vendor-06/26/2025 |
Resolved-FEMA disaster after appraisal without a Individual PDI or 1004D. XXXXX - Due Diligence Vendor-07/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 782; guideline minimum is 700. Months Reserves exceed minimum required - The Borrower has 27.51 months in reserves. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4568113 | |||
| XXXXX | XXXXX | 9173498 | D | A | D | A | A | A | A | A | Closed | FCRE1152 | 2025-06-26 08:30 | 2025-07-01 11:54 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Property taxes were calculated based off of $1.34 of the appraiser value per the assessor's office. - Due Diligence Vendor-07/01/2025 Ready for Review-Document Uploaded. Investor response - property taxes - Buyer-07/01/2025 Open-Missing Evidence of Property Tax Missing support for taxes as per the final CD. Tax calculator on p549 supports a higher amount. - Due Diligence Vendor-06/26/2025 |
Resolved-Property taxes were calculated based off of $1.34 of the appraiser value per the assessor's office. - Due Diligence Vendor-07/01/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 694 FICO, 660 required Months Reserves exceed minimum required - 29 months reserves documented, 9 months required |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4568307 | ||
| XXXXX | XXXXX | 9173524 | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2025-06-25 20:48 | 2025-07-02 12:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Received Business Purpose Affidavit - Due Diligence Vendor-07/02/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-06/30/2025 Open-The Business Purpose Affidavit Disclosure is Missing Missing Business Purpose Affidavit for DSCR qualified loan - Due Diligence Vendor-06/26/2025 |
Resolved-Received Business Purpose Affidavit - Due Diligence Vendor-07/02/2025 |
DSCR % greater than 1.20 - DSCR: 1.847 Min 1.0 Qualifying FICO score is at least 20 points above minimum for program - FICO: 739 Min 700 Months Reserves exceed minimum required - Reserves: 122 Min 3 LTV is less than guideline maximum - LTV: 42.86 Max 75 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4564892 | ||
| XXXXX | XXXXX | 9173531 | D | B | D | B | C | A | A | A | Closed | FCRE1325 | 2025-06-26 10:00 | 2025-07-02 09:25 | Waived | 2 - Non-Material | D | B | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Waived-Investor Waiver applied to non-material finding - PTIN Letter verified came from preparer - verification of preparer in file - Due Diligence Vendor-07/02/2025 Ready for Review-Document Uploaded. CPA advised she is not going to sign this. We tried before we closed the loan. The underwriter accepted a copy of the email included in the attached where the CPA sent us the letter to clear the condition. - Seller-07/01/2025 Open-Borrower 1 CPA Letter Missing ---PTIN tax preparer letter provided to show borrower business ownership-not allowed since preparer owns their own business. Note: Client exception is in file to allow this however the letter provided is not signed. Once a signed letter is obtained the exception will be considered for waiver. - Due Diligence Vendor-06/26/2025 |
Ready for Review-Document Uploaded. CPA advised she is not going to sign this. We tried before we closed the loan. The underwriter accepted a copy of the email included in the attached where the CPA sent us the letter to clear the condition. - Seller-07/01/2025 |
Waived-Investor Waiver applied to non-material finding - PTIN Letter verified came from preparer - verification of preparer in file - Due Diligence Vendor-07/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min 680, actual 796 Months Reserves exceed minimum required - 3 required, actual 18.89 months Qualifying DTI below maximum allowed - Max 50%, actual 19.45% LTV is less than guideline maximum - Max 80%, actual 50.98% |
Credit score 796 DTI 20% Employment Stable Reserves 3 months Residual income 7162 Credit history 0x30 LTV 51% Credit profile acceptable |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | Investor Post-Close | No | 4569691 |
| XXXXX | XXXXX | 9173531 | D | B | D | B | C | A | A | A | Closed | FCRE1252 | 2025-06-26 11:01 | 2025-07-02 08:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document is Incomplete | Resolved-Executed Quit-Claim Deed submitted showing removal of buyout party - Due Diligence Vendor-07/02/2025 Ready for Review-Document Uploaded. Supporting doc - Seller-07/01/2025 Open-Title Document is Incomplete Missing evidence that buyout party was removed from title - Due Diligence Vendor-06/26/2025 |
Ready for Review-Document Uploaded. Supporting doc - Seller-07/01/2025 |
Resolved-Executed Quit-Claim Deed submitted showing removal of buyout party - Due Diligence Vendor-07/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min 680, actual 796 Months Reserves exceed minimum required - 3 required, actual 18.89 months Qualifying DTI below maximum allowed - Max 50%, actual 19.45% LTV is less than guideline maximum - Max 80%, actual 50.98% |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4571059 | |
| XXXXX | XXXXX | 9173531 | D | B | D | B | C | A | A | A | Closed | finding-3634 | 2025-06-24 14:22 | 2025-07-01 12:55 | Resolved | 1 - Information | C | A | Compliance | TRID | Charges That Cannot Increase Test | Resolved-Upon further review, the document(s) are located in original file, nothing further required. Finding resolved. - Due Diligence Vendor-07/01/2025 Open-This loan failed the charges that cannot increase test. (12 CFR §1026.19(e)(3)(i))The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i).One or more of the final charges exceed the comparable amount. Your total tolerance violation is $95.00.Please see the Tolerance Comparison Table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). Zero (0%) tolerance fees increased by $95.00 (Appraisal Fee) without a valid COC in file. Provide a valid and timely COC for increase OR evidence of refund to borrower or principal reduction in the amount of $95.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Statute of Limitations 3 year- Expiration date is XXXXX - Due Diligence Vendor-06/24/2025 |
Resolved-Upon further review, the document(s) are located in original file, nothing further required. Finding resolved. - Due Diligence Vendor-07/01/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min 680, actual 796 Months Reserves exceed minimum required - 3 required, actual 18.89 months Qualifying DTI below maximum allowed - Max 50%, actual 19.45% LTV is less than guideline maximum - Max 80%, actual 50.98% |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4545995 | |||
| XXXXX | XXXXX | 9146920 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXXX | XXXXX | 9190393 | D | A | D | A | A | A | A | A | Closed | FCOM1352 | 2025-06-26 15:55 | 2025-07-03 12:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc - Credit | Business Purpose Affidavit/Disclosure Missing | Resolved-Received Occupancy Statement. - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-07/01/2025 Open-The Business Purpose Affidavit Disclosure is Missing Missing Business Purpose and Occupancy Affidavit. - Due Diligence Vendor-06/26/2025 |
Resolved-Received Occupancy Statement. - Due Diligence Vendor-07/03/2025 |
Qualifying DTI below maximum allowed - Audited DTI ratio is 43.67%, 50% maximum allowed. Qualifying FICO score is at least 20 points above minimum for program - 757 qualifying FICO score, 680 minimum score required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4577229 | ||
| XXXXX | XXXXX | 9166126 | D | A | D | A | A | A | A | A | Closed | FCRE6618 | 2025-06-27 08:56 | 2025-07-03 13:04 | Resolved | 1 - Information | C | A | Credit | Borrower | Borrower information on 1003 is incomplete | Resolved-Received updated 1003. - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. 1003 - Updated - Buyer-07/02/2025 Open-Missing years at current residence. - Due Diligence Vendor-06/27/2025 |
Resolved-Received updated 1003. - Due Diligence Vendor-07/03/2025 |
Months Reserves exceed minimum required - Reserves: 110 Min 3 LTV is less than guideline maximum - LTV: 63.97% Max 70% Qualifying FICO score is at least 20 points above minimum for program - FICO: 767 Min 720 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4583571 | ||
| XXXXX | XXXXX | 9166126 | D | A | D | A | A | A | A | A | Closed | FCRE1116 | 2025-06-24 15:34 | 2025-07-03 13:01 | Resolved | 1 - Information | C | A | Credit | Closing | Security Instrument Date does not equal Note Date | Resolved-Received Mortgage. - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-07/01/2025 Open-Security Instrument Date does not match the Note Date Security Instrument is missing, unable to confirm - Due Diligence Vendor-06/26/2025 |
Resolved-Received Mortgage. - Due Diligence Vendor-07/03/2025 |
Months Reserves exceed minimum required - Reserves: 110 Min 3 LTV is less than guideline maximum - LTV: 63.97% Max 70% Qualifying FICO score is at least 20 points above minimum for program - FICO: 767 Min 720 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4547428 | ||
| XXXXX | XXXXX | 9166126 | D | A | D | A | A | A | A | A | Closed | FCOM1220 | 2025-06-24 15:34 | 2025-07-03 13:01 | Resolved | 1 - Information | D | A | Credit | Missing Doc | The Deed of Trust is Missing | Resolved-Received Mortgage. - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-07/01/2025 Open-The Deed of Trust is Missing Security Instrument missing - Due Diligence Vendor-06/26/2025 |
Resolved-Received Mortgage. - Due Diligence Vendor-07/03/2025 |
Months Reserves exceed minimum required - Reserves: 110 Min 3 LTV is less than guideline maximum - LTV: 63.97% Max 70% Qualifying FICO score is at least 20 points above minimum for program - FICO: 767 Min 720 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4547429 | ||
| XXXXX | XXXXX | 9213080 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9213094 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9213117 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9213091 | C | B | C | B | A | A | A | A | Closed | FCRE0113 | 2025-06-26 16:08 | 2025-07-08 09:40 | Resolved | 1 - Information | C | A | Credit | Eligibility | Property/Appraisal General (Credit) | Resolved-After further review, the appraisal report included commentary confirming the units have a stove. - Due Diligence Vendor-07/08/2025 Counter-Received MLS photos of stove's in both units. Appraiser to confirm stove's present via commentary. - Due Diligence Vendor-07/07/2025 Ready for Review-Document Uploaded. Appraiser is unable to get access to the unit to take a photo of the stove. Please see pictures pulled from MLS and XXXXXshowing a stove in both units. - Buyer-07/03/2025 Open-Unit # 2 missing picture of stove in kitchen. - Due Diligence Vendor-06/26/2025 |
Resolved-After further review, the appraisal report included commentary confirming the units have a stove. - Due Diligence Vendor-07/08/2025 |
Months Reserves exceed minimum required - 74 months available vs. 12 required DSCR =/> 1.00 and minimum is 0.85 or Less - 1.12 LTV is less than guideline maximum - 75% LTV vs. max LTV of 80% Qualifying FICO score is at least 20 points above minimum for program - 695 vs. min FICO 660 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4577477 | ||
| XXXXX | XXXXX | 9213091 | C | B | C | B | A | A | A | A | Closed | FCRE1498 | 2025-06-26 16:26 | 2025-06-27 10:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | Borrower Rental Experience Insufficient per Guidelines (DSCR) | Resolved-Per the divorce decree the borrower became the sole and separate owner of an investment property on XXXXX which she still owns as an investment. Landlord experience met. - Due Diligence Vendor-06/27/2025 Open-Borrower Rental Experience Insufficient per Guidelines (DSCR Loan Type) Missing evidence borrower has 12 months experience managing properties. REO property profile pg 855shows owned by LLC but no proof borrower is affiliated with this LLC. - Due Diligence Vendor-06/26/2025 |
Resolved-Per the divorce decree the borrower became the sole and separate owner of an investment property on XXXXX, which she still owns as an investment. Landlord experience met. - Due Diligence Vendor-06/27/2025 |
Months Reserves exceed minimum required - 74 months available vs. 12 required DSCR =/> 1.00 and minimum is 0.85 or Less - 1.12 LTV is less than guideline maximum - 75% LTV vs. max LTV of 80% Qualifying FICO score is at least 20 points above minimum for program - 695 vs. min FICO 660 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4577758 | |||
| XXXXX | XXXXX | 9213091 | C | B | C | B | A | A | A | A | Closed | FCRE1278 | 2025-06-26 16:24 | 2025-06-26 16:27 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Escrow waiver guidelines were not met | Waived-Client exception granted to allow escrow waiver with 695 FICO. Non-material waiver applied with comp factors. Deemed non-material due to high reserves - Due Diligence Vendor-06/26/2025 Open-Impound waiver with 695 fico - Due Diligence Vendor-06/26/2025 |
Waived-Client exception granted to allow escrow waiver with 695 FICO. Non-material waiver applied with comp factors. Deemed non-material due to high reserves - Due Diligence Vendor-06/26/2025 |
Months Reserves exceed minimum required - 74 months available vs. 12 required DSCR =/> 1.00 and minimum is 0.85 or Less - 1.12 LTV is less than guideline maximum - 75% LTV vs. max LTV of 80% Qualifying FICO score is at least 20 points above minimum for program - 695 vs. min FICO 660 |
91 months reserves experienced investor |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4577740 | ||
| XXXXX | XXXXX | 9213098 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9190382 | D | A | C | A | A | A | D | A | Closed | FCRE1510 | 2025-06-27 10:17 | 2025-07-10 11:12 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Legal Description. - Due Diligence Vendor-07/10/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-07/08/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing "Exhibit A" legal description attached to the DOT. - Due Diligence Vendor-06/27/2025 |
Resolved-Received Legal Description. - Due Diligence Vendor-07/10/2025 |
DSCR % greater than 1.20 - DSCR = 1.25. Months Reserves exceed minimum required - Guidelines require 3 months of reserves. Qualifying reserves are 135 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4584730 | ||
| XXXXX | XXXXX | 9190382 | D | A | C | A | A | A | D | A | Closed | FPRO1253 | 2025-06-27 09:37 | 2025-07-08 13:44 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Received secondary valuation. - Due Diligence Vendor-07/08/2025 Ready for Review-Document Uploaded. XXXXX SSR score under 2.5 - Buyer-07/07/2025 Open-Additional valuation product has not been provided. Missing Additional valuation product. - Due Diligence Vendor-06/27/2025 |
Resolved-Received secondary valuation. - Due Diligence Vendor-07/08/2025 |
DSCR % greater than 1.20 - DSCR = 1.25. Months Reserves exceed minimum required - Guidelines require 3 months of reserves. Qualifying reserves are 135 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4584110 | ||
| XXXXX | XXXXX | 9197035 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9213097 | B | B | A | A | B | B | A | A | Closed | FCOM5135 | 2025-06-25 08:18 | 2025-06-25 08:18 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing ----- Client waiver applied to non-material Findings - Due Diligence Vendor-06/25/2025 | Waived-Required Affiliated Business Disclosure Missing ----- Client waiver applied to non-material Findings - Due Diligence Vendor-06/25/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Min FICO 640, Bwr FICO 725 Months Reserves exceed minimum required - 92 mths reserves; 3 mths required. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4553194 | |||
| XXXXX | XXXXX | 9166105 | C | A | C | A | A | A | A | A | Closed | FCRE1151 | 2025-06-27 22:10 | 2025-07-03 12:06 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Satisfactory Chain of Title has been provided - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. Please see the emailed response from the Title Company saying there is no Title Records pastXXXXX in the last 24 months. Thank you! - Buyer-07/02/2025 Open-Unsatisfactory Chain of Title provided. Borrowers acquired property in XXXXX. Title does not convey prior transfers (if any). Per guidelines a 24 Month Chain of Title is required on all title policies. - Due Diligence Vendor-06/28/2025 |
Resolved-Satisfactory Chain of Title has been provided - Due Diligence Vendor-07/03/2025 |
Months Reserves exceed minimum required - Guidelines require 3 months of reserves. Qualifying reserves are 131 months. LTV is less than guideline maximum - LTV: 50.00% Max 75% Qualifying FICO score is at least 20 points above minimum for program - FICO: 795 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4593679 | ||
| XXXXX | XXXXX | 9213095 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXXX | XXXXX | 9173516 | D | A | D | A | A | A | A | A | Closed | FCRE1180 | 2025-06-28 16:03 | 2025-07-17 15:10 | Resolved | 1 - Information | D | A | Credit | Missing Doc | HO-6 Insurance Policy is Missing | Resolved-Condo policy includes walls in coverage. - Due Diligence Vendor-07/17/2025 Ready for Review-Document Uploaded. HO6 - Buyer-07/09/2025 Open-HO-6 Insurance Policy is Missing. - Due Diligence Vendor-06/28/2025 |
Resolved-Condo policy includes walls in coverage. - Due Diligence Vendor-07/17/2025 |
Months Reserves exceed minimum required - 72 months reserves; 3 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 781; guidelines require 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4595386 | ||
| XXXXX | XXXXX | 9173518 | D | A | D | A | A | A | A | A | Closed | FCRE1180 | 2025-06-28 17:19 | 2025-07-10 12:59 | Resolved | 1 - Information | D | A | Credit | Missing Doc | HO-6 Insurance Policy is Missing | Resolved-Received Master policy w/Walls In/Betterments and Improvements/Additions - Due Diligence Vendor-07/10/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-07/09/2025 Open-HO-6 Insurance Policy is Missing. Additionally, findings may apply upon receipt. - Due Diligence Vendor-06/28/2025 |
Resolved-Received Master policy w/Walls In/Betterments and Improvements/Additions - Due Diligence Vendor-07/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 781; guidelines require 700. Months Reserves exceed minimum required - 73 months reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4595514 | ||
| XXXXX | XXXXX | 9166073 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | ||||||||||||||||||
| XXXXX | XXXXX | 9213140 | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2025-06-26 06:06 | 2025-06-26 15:09 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Loan does not conform to program guidelines | Waived-Originator waiver provided, non material finding with compensating factors - Due Diligence Vendor-06/26/2025 Open-Lender Exception in file (Pg 684) for 1 owner owning 52% of units with investor concentration appearing to be greater than 60%. - Due Diligence Vendor-06/26/2025 |
Waived-Originator waiver provided, non material finding with compensating factors - Due Diligence Vendor-06/26/2025 |
Months Reserves exceed minimum required - Months reserves required is 6; qualifying reserves is 89.29 months. LTV is less than guideline maximum - Maximum LTV is 70%; qualifying LTV is 65%. |
Reserves: 88 months DSCR: 1.22 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Originator Post-Close | Yes | 4567150 | ||
| XXXXX | XXXXX | 9213089 | C | B | C | A | B | B | A | A | Closed | FCRE0044 | 2025-06-26 08:29 | 2025-06-26 15:24 | Resolved | 1 - Information | C | A | Credit | Eligibility | File does not contain LOX for credit inquiries | Resolved--Credit Inquiry Letter located in file. - Due Diligence Vendor-06/26/2025 Ready for Review-Please see Credit Inquiry LOX on pages 538 - 540. Thank you - Due Diligence Vendor-06/26/2025 Open-LOX for credit inquiries is missing. Credit Inquiries reflected on Credit Report and no LOX in file. - Due Diligence Vendor-06/26/2025 |
Resolved--Credit Inquiry Letter located in file. - Due Diligence Vendor-06/26/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 721 is higher than required 640 LTV is less than guideline maximum - Max LTV is 90%; qualifying LTV is 80%. Months Reserves exceed minimum required - Months reserves required is 6; qualifying reserves is 9.45 months. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4568299 | |||
| XXXXX | XXXXX | 9213089 | C | B | C | A | B | B | A | A | Closed | FCOM5135 | 2025-06-25 15:03 | 2025-06-25 15:04 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material findings. - Due Diligence Vendor-06/25/2025 | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material findings. - Due Diligence Vendor-06/25/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Mid FICO 721 is higher than required 640 LTV is less than guideline maximum - Max LTV is 90%; qualifying LTV is 80%. Months Reserves exceed minimum required - Months reserves required is 6; qualifying reserves is 9.45 months. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4561552 | |||
| XXXXX | XXXXX | 9166121 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-06-30 12:30 | 2025-07-01 11:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-07/01/2025 Ready for Review-Document Uploaded. DSCR - Buyer-06/30/2025 Open-The DSCR Calculation from lender is Missing. Missing lender's DSCR Calculation Worksheet or 1008 showing calculation. - Due Diligence Vendor-06/30/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-07/01/2025 |
LTV is less than guideline maximum - LTV: 70 Max 75 (5% LTV Reduction for STR) Months Reserves exceed minimum required - Reserves: 20 Min 12 Qualifying FICO score is at least 20 points above minimum for program - FICO: 768 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4603901 | ||
| XXXXX | XXXXX | 9196976 | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2025-06-30 18:26 | 2025-07-02 13:35 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received Gap Report for Both borrowers. - Due Diligence Vendor-07/02/2025 Ready for Review-Document Uploaded. Please see attached Gap report - Thank you. - Buyer-07/01/2025 Open-Borrower 1 Gap Credit Report is Missing Missing Gap Credit Report for B1 & B2 - Due Diligence Vendor-06/30/2025 |
Resolved-Received Gap Report for Both borrowers. - Due Diligence Vendor-07/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 734 qualifying FICO score, 700 minimum score required. Credit history exceeds minimum required - 0 lates across all tradelines for over 10 years |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4609166 | ||
| XXXXX | XXXXX | 9196976 | D | A | D | A | A | A | A | A | Closed | FCRE1159 | 2025-06-30 18:06 | 2025-07-02 13:33 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Received Binder dated prior to close. - Due Diligence Vendor-07/02/2025 Ready for Review-Document Uploaded. Please see attached HOI that was updated prior to closing - thank you - Buyer-07/01/2025 Open-Hazard Insurance Effective Date of XXXXX is after the Note Date of XXXXX Subject funded XXXXX and binder effective date was XXXXX. At the time of funding, the hazard policy was not in effect. - Due Diligence Vendor-06/30/2025 |
Resolved-Received Binder dated prior to close. - Due Diligence Vendor-07/02/2025 |
Qualifying FICO score is at least 20 points above minimum for program - 734 qualifying FICO score, 700 minimum score required. Credit history exceeds minimum required - 0 lates across all tradelines for over 10 years |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4608956 | ||
| XXXXX | XXXXX | 9134567 | B | B | B | B | A | A | A | A | Closed | FCRE5116 | 2025-07-01 09:38 | 2025-07-01 11:30 | Waived | 2 - Non-Material | B | B | Credit | Missing Doc | Missing VOM or VOR | Waived-Client waiver applied to non material finding with comp factors - Due Diligence Vendor-07/01/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. XXXXX approved the exception request on this loan as it relates to the rent free status of the primary residence and the homeowner not providing an LOE (only have a borrower provided LOE). - Due Diligence Vendor-07/01/2025 |
Waived-Client waiver applied to non material finding with comp factors - Due Diligence Vendor-07/01/2025 |
Months Reserves exceed minimum required - The Borrowers has 79.51 months in reserves. Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO score is 728; guideline minimum is 700. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4614068 | |||
| XXXXX | XXXXX | 9146918 | D | A | D | A | A | A | A | A | Closed | FCRE6019 | 2025-07-01 05:31 | 2025-07-10 10:01 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-per guidelines - C09 is Eligible without a Visa - Due Diligence Vendor-07/10/2025 Counter-Received 1st page of EAD-Category C09P is not eligible per guidelines 3.1 - Due Diligence Vendor-07/08/2025 Ready for Review-Document Uploaded. ead card - Buyer-07/07/2025 Open-Borrower Citizenship Documentation Is Missing Only back of EAD Card has been provided. Missing copy of front to verify current status. - Due Diligence Vendor-07/01/2025 |
Resolved-per guidelines - C09 is Eligible without a Visa - Due Diligence Vendor-07/10/2025 |
Qualifying DTI below maximum allowed - Max DTI is 50%; qualifying DTI is 5.07%. Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 37.06 months. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4612160 | ||
| XXXXX | XXXXX | 9212928 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-06-27 12:39 | 2025-07-10 11:00 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Mortgage w/Legal Description. - Due Diligence Vendor-07/10/2025 Ready for Review-Document Uploaded. Supporting Doc Uploaded - Buyer-07/08/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing "Exhibit A" legal description attached to the DOT. - Due Diligence Vendor-06/27/2025 |
Resolved-Received Mortgage w/Legal Description. - Due Diligence Vendor-07/10/2025 |
Months Reserves exceed minimum required - Min 3 months, actual 103.07 months On time mortgage history exceeds guideline requirement - Credit report reflect over 70 months on time mortgage payments |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4587856 | ||
| XXXXX | XXXXX | 9190395 | D | A | D | A | A | A | A | A | Closed | FCRE0070 | 2025-07-01 18:56 | 2025-07-09 10:37 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. 1008 - Buyer-07/02/2025 Open-Missing Approval/Underwriting Summary Missing Underwriting Transmittal Summary form 1008 - finding added from validation screen for XXXXX - Due Diligence Vendor-07/01/2025 |
Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-07/03/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 737 Min 700 LTV is less than guideline maximum - LTV: 39.41% Max 80% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4624462 | ||
| XXXXX | XXXXX | 9190395 | D | A | D | A | A | A | A | A | Closed | FCRE8887 | 2025-07-02 08:41 | 2025-07-07 09:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing or Incomplete 1003 | Resolved-Revised 1003 provided. - Due Diligence Vendor-07/07/2025 Ready for Review-Document Uploaded. corrected address - Seller-07/03/2025 Counter-1003 provided, however it does not disclose how long the borrower has lived in the Primary residence. - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. 1003 - Seller-07/02/2025 Open-Missing Loan Application B1 qualified as US citizen based on XXXXX status. Additional conditions may apply. - Due Diligence Vendor-07/02/2025 |
Ready for Review-Document Uploaded. corrected address - Seller-07/03/2025 Ready for Review-Document Uploaded. 1003 - Seller-07/02/2025 |
Resolved-Revised 1003 provided. - Due Diligence Vendor-07/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 737 Min 700 LTV is less than guideline maximum - LTV: 39.41% Max 80% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4628207 | |
| XXXXX | XXXXX | 9190395 | D | A | D | A | A | A | A | A | Closed | FCRE0104 | 2025-07-02 07:23 | 2025-07-07 09:33 | Resolved | 1 - Information | C | A | Credit | Eligibility | Prepayment Penalty is not allowed | Resolved-Prepay penalty removed. - Due Diligence Vendor-07/07/2025 Ready for Review-Document Uploaded. supporting docs - Buyer-07/03/2025 Open-Prepayment Penalty is not allowed. - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. We’ve modified the lock and price to reflect no PPP; confirmation attached. - Buyer-07/02/2025 Open-Prepayment Penalty is not allowed. Note has 12 month prepay at 1%. Lender guides state the following for flat prepayment - During the prepayment term the penalty is no greater than 5% and no less than 2% charged to curtailment or the entire outstanding loan amount during the prepay period. - Due Diligence Vendor-07/02/2025 |
Resolved-Prepay penalty removed. - Due Diligence Vendor-07/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 737 Min 700 LTV is less than guideline maximum - LTV: 39.41% Max 80% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4627616 | ||
| XXXXX | XXXXX | 9190395 | D | A | D | A | A | A | A | A | Closed | FCRE1440 | 2025-07-02 08:28 | 2025-07-03 14:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received VOM - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. Section 5.5.4-"Housing history for the DSCR Doc type is limited to verifying the borrower’s primary residence and the subject property if a refinance transaction." - Seller-07/02/2025 Open-Housing History Does Not Meet Guideline Requirements Missing pay history for subject property. Additional conditions may apply. - Due Diligence Vendor-07/02/2025 |
Ready for Review-Document Uploaded. Section 5.5.4-"Housing history for the DSCR Doc type is limited to verifying the borrower’s primary residence and the subject property if a refinance transaction." - Seller-07/02/2025 |
Resolved-Received VOM - Due Diligence Vendor-07/03/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 737 Min 700 LTV is less than guideline maximum - LTV: 39.41% Max 80% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4628096 | |
| XXXXX | XXXXX | 9190395 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-07-01 18:53 | 2025-07-03 13:59 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR Calculation was located. - Due Diligence Vendor-07/03/2025 Ready for Review-Document Uploaded. DSCR - Seller-07/02/2025 Open-The DSCR Calculation from lender is Missing. Missing lender's DSCR Calculation Worksheet or 1008 showing calculation. - Due Diligence Vendor-07/01/2025 |
Ready for Review-Document Uploaded. DSCR - Seller-07/02/2025 |
Resolved-DSCR Calculation was located. - Due Diligence Vendor-07/03/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO: 737 Min 700 LTV is less than guideline maximum - LTV: 39.41% Max 80% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4624436 | |
| XXXXX | XXXXX | 9197019 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-07-02 06:24 | 2025-07-07 13:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR calculation. - Due Diligence Vendor-07/07/2025 Ready for Review-Document Uploaded. 1008 - Buyer-07/03/2025 Open-The DSCR Calculation from lender is Missing. Missing DSCR Calculation from lender. - Due Diligence Vendor-07/02/2025 |
Resolved-Received DSCR calculation. - Due Diligence Vendor-07/07/2025 |
Qualifying FICO score is at least 20 points above minimum for program - The Borrowers FICO Score is 781; guideline minimum is 680. Months Reserves exceed minimum required - The Borrower has reserves in the amount of 65.94 months. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4627335 | ||
| XXXXX | XXXXX | 9197014 | D | A | D | A | A | A | A | A | Closed | FCRE1173 | 2025-07-02 11:12 | 2025-07-09 09:37 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Condo Master Insurance Policy is Missing | Resolved-Received Condo Master Insurance Policy - Due Diligence Vendor-07/09/2025 Ready for Review-Document Uploaded. Master EOI - Buyer-07/07/2025 Open-Missing Condo Master Insurance Policy Missing master HOI - Due Diligence Vendor-07/02/2025 |
Resolved-Received Condo Master Insurance Policy - Due Diligence Vendor-07/09/2025 |
LTV is less than guideline maximum - LTV 41%; max 85%. Months Reserves exceed minimum required - 75 months PITIA reserves; 3 months reserves required. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4630531 | ||
| XXXXX | XXXXX | 9201283 | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2025-07-02 10:15 | 2025-07-03 10:29 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-After further review, the gap credit is not required. - Due Diligence Vendor-07/03/2025 Open-Borrower 1 Gap Credit Report is Missing Missing Gap Credit and not reflected on Fraud Report. - Due Diligence Vendor-07/02/2025 |
Resolved-After further review, the gap credit is not required. - Due Diligence Vendor-07/03/2025 |
Months Reserves exceed minimum required - Months reserves required is 3; qualifying reserves is 7.07 months. LTV is less than guideline maximum - Max LTV is 80%; qualifying LTV is 75%. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4629503 | |||
| XXXXX | XXXXX | 9196986 | C | A | C | A | A | A | C | A | Closed | FCRE1510 | 2025-07-03 08:07 | 2025-07-10 11:19 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-07/10/2025 Ready for Review-Document Uploaded. Legal to Mortgage - document attached to condition is causing error. Imported as a batch condition document for your review-XXXXX- Buyer-07/09/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing "Exhibit A" legal description attached to the DOT. - Due Diligence Vendor-07/03/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-07/10/2025 |
Months Reserves exceed minimum required - Guidelines require 3 months of reserves. Qualifying reserves are 688 months. Qualifying FICO score is at least 20 points above minimum for program - FICO: 818 Min 700 LTV is less than guideline maximum - LTV: 55% Max 80% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4648081 | ||
| XXXXX | XXXXX | 9196986 | C | A | C | A | A | A | C | A | Closed | FPRO1136 | 2025-07-02 19:19 | 2025-07-10 11:19 | Resolved | 1 - Information | C | A | Property | Appraisal | Subject property appraisal is not on an as-is basis (Primary Value) | Resolved-Received final inspection 1004d - Due Diligence Vendor-07/10/2025 Ready for Review-Document Uploaded. 1004D - Buyer-07/09/2025 Open-Primary Value Subject Property Appraisal is not on an As-Is Basis and Completion Report (1004D) is not Present Missing Appraisal Completion report confirming required repairs were completed. - Due Diligence Vendor-07/02/2025 |
Resolved-Received final inspection 1004d - Due Diligence Vendor-07/10/2025 |
Months Reserves exceed minimum required - Guidelines require 3 months of reserves. Qualifying reserves are 688 months. Qualifying FICO score is at least 20 points above minimum for program - FICO: 818 Min 700 LTV is less than guideline maximum - LTV: 55% Max 80% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4645046 | ||
| XXXXX | XXXXX | 9197033 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9190359 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | ||||||||||||||||||
| XXXXX | XXXXX | 9213087 | C | B | C | B | A | A | A | A | Closed | FCRE0008 | 2025-07-01 12:48 | 2025-07-03 11:36 | Resolved | 1 - Information | C | A | Credit | Eligibility | Prepayment Penalty Discrepancy | Resolved-Per Investor - Acceptable to proceed - Due Diligence Vendor-07/03/2025 Ready for Review-This is for informational purposes only. Acceptable to proceed. - Due Diligence Vendor-07/02/2025 Open-This is for informational purposes only. Acceptable to proceed. - Due Diligence Vendor-07/02/2025 Open-Tape shows no prepayment however note addendum indicates a 5 year prepayment. - Due Diligence Vendor-07/01/2025 |
Resolved-Per Investor - Acceptable to proceed - Due Diligence Vendor-07/03/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 786 Min FICO =700 Long term residence - Long Term Residence = 30+ years Months Reserves exceed minimum required - Reserves = 19 months – Required Reserves = 2 Months |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4618262 | |||
| XXXXX | XXXXX | 9213087 | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2025-07-01 11:56 | 2025-07-01 13:06 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Client exception granted to allow 75% LTV. Non-material waiver applied with comp factors. Deemed non-material due to only a 5% overage to limit. - Due Diligence Vendor-07/01/2025 Open-Audited LTV of 75% exceeds Guideline LTV of 70% Short term rental and rural property requires 5% LTV reduction. - Due Diligence Vendor-07/01/2025 |
Waived-Client exception granted to allow 75% LTV. Non-material waiver applied with comp factors. Deemed non-material due to only a 5% overage to limit. - Due Diligence Vendor-07/01/2025 |
Qualifying FICO score is at least 20 points above minimum for program - FICO = 786 Min FICO =700 Long term residence - Long Term Residence = 30+ years Months Reserves exceed minimum required - Reserves = 19 months – Required Reserves = 2 Months |
1. Reserves 6+ C/O proceeds 2. FICO = 752 3. Years at Present Address = 30+Years 4. Mortgage History – 0x30x6 mo – subject 5. Lock with Prepay – 5 yr Declining |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4617258 | ||
| XXXXX | XXXXX | 9173482 | C | A | C | A | A | A | A | A | Closed | FCRE8701 | 2025-07-07 09:02 | 2025-07-07 16:46 | Resolved | 1 - Information | C | A | Credit | Borrower | Business Entity Formation Document is Missing | Resolved-EIN number provided. - Due Diligence Vendor-07/07/2025 Ready for Review-Document Uploaded. that the EIN # will be found on page 115 in the credit package - Buyer-07/07/2025 Open-The Business Entity Formation Document is Missing. Investor to review and approve all Entity documentation. Missing EIN Number - Due Diligence Vendor-07/07/2025 |
Resolved-EIN number provided. - Due Diligence Vendor-07/07/2025 |
LTV is less than guideline maximum - Max LTV 80 / Current LTV 75% DSCR =/> 1.00 and minimum is 0.85 or Less - 1.26 DSCR exceeds minimum. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4674692 | ||
| XXXXX | XXXXX | 9173517 | C | B | C | B | A | A | A | A | Closed | FCRE2244 | 2025-07-07 10:57 | 2025-07-07 14:19 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Property Does Not Meet Guidelines (credit) | Waived-Client exception granted to allow Sale restriction, Non-materialwaiver applied with comp factors. non-material due to home off market - Due Diligence Vendor-07/07/2025 Open-Property Issues are identified for the property Property listed for sale [subject property listed for sale and taken off market less than 30 days prior to loan application]. Relevant Guideline: Sale Restriction –property must be removed from listing for at least one (1) month prior to the application. - Due Diligence Vendor-07/07/2025 |
Waived-Client exception granted to allow Sale restriction, Non-materialwaiver applied with comp factors. non-material due to home off market - Due Diligence Vendor-07/07/2025 |
Months Reserves exceed minimum required - 85.86 months reserves; 3 months reserves required LTV is less than guideline maximum - 26% LTV; max 70% LTV required |
Program Min FICO: 700 FICO: 733 Program Min DSCR: 0.800 DSCR: 0.900 Program Max LTV: 75 LTV: 26.000 Program Min Reserves: 3 C/O Reserves: 86.42 |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | Investor Post-Close | No | 4688113 | ||
| XXXXX | XXXXX | 9213112 | C | B | C | B | A | A | A | A | Closed | FCRE6696 | 2025-07-02 17:05 | 2025-07-24 12:21 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Employment Self-Employed Less Than 2 Years at Origination | Resolved-Per Sec of State - Original business since XXXXX - demonstrating 2+ Years Self-Employment - Due Diligence Vendor-07/24/2025 Ready for Review-Document Uploaded. Please see attached with establishes > 2 year self-employed. We have his prior FBN (attached) showing prior name before LLC which ties into the narrative of the business (also attached). - Due Diligence Vendor-07/24/2025 Ready for Review-This is not required on the 1099 program. - Seller-07/23/2025 Ready for Review-This is not required on the 1099 program. - Due Diligence Vendor-07/23/2025 Open-Missing 2 year self-employment history - Due Diligence Vendor-07/02/2025 |
Ready for Review-This is not required on the 1099 program. - Seller-07/23/2025 |
Resolved-Per Sec of State - Original business since XXXXX- demonstrating 2+ Years Self-Employment - Due Diligence Vendor-07/24/2025 |
Months Reserves exceed minimum required - 17.5 mos reserves; 3 mos required LTV is less than guideline maximum - Max LTV 80% / Subject LTV 44.29% |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4643799 | |
| XXXXX | XXXXX | 9213112 | C | B | C | B | A | A | A | A | Closed | FCRE1317 | 2025-07-02 13:32 | 2025-07-24 12:21 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Borrower 1 Total Years Employment Verified is Less Than 24 Months | Resolved-Per Sec of State - Original business since XXXXX- demonstrating 2+ Years Self-Employment - Due Diligence Vendor-07/24/2025 Ready for Review-Document Uploaded. Document Uploaded. Please see attached which establishes > 2 year self-employed. We have his prior FBN (attached) showing prior name before LLC which ties into the narrative of the business (also attached). - Due Diligence Vendor-07/24/2025 Ready for Review-This is not required on the 1099 program. - Seller-07/23/2025 Ready for Review-This is not required on the 1099 program. - Due Diligence Vendor-07/23/2025 Open-Borrower 1 Total Years Employment Verified is Less Than 24 Months- The file contains no evidence the borrower has been self employed for 2 years. - Due Diligence Vendor-07/02/2025 |
Ready for Review-This is not required on the 1099 program. - Seller-07/23/2025 |
Resolved-Per Sec of State - Original business since XXXXX - demonstrating 2+ Years Self-Employment - Due Diligence Vendor-07/24/2025 |
Months Reserves exceed minimum required - 17.5 mos reserves; 3 mos required LTV is less than guideline maximum - Max LTV 80% / Subject LTV 44.29% |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4634372 | |
| XXXXX | XXXXX | 9213112 | C | B | C | B | A | A | A | A | Closed | FPRO9999 | 2025-07-02 16:39 | 2025-07-02 17:25 | Resolved | 1 - Information | C | A | Credit | Eligibility | Condo project has pending litigation | Resolved-Case is against the borrowers and not the HOA. finding resolved. - Due Diligence Vendor-07/02/2025 Open-The case involves a foreclosure action for unit 507, currently the subject of a court ordered stay. The lawsuit is against the HOA, it is Minor, and the lawsuit does not relate to the building’s safety, structural or functionality. There was no amount disclosed in the lawsuit, and the lawsuit is covered by insurance (page 949). - Due Diligence Vendor-07/02/2025 |
Resolved-Case is against the borrowers and not the HOA. finding resolved. - Due Diligence Vendor-07/02/2025 |
Months Reserves exceed minimum required - 17.5 mos reserves; 3 mos required LTV is less than guideline maximum - Max LTV 80% / Subject LTV 44.29% |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4643435 | |||
| XXXXX | XXXXX | 9213112 | C | B | C | B | A | A | A | A | Closed | FCRE1437 | 2025-07-02 14:32 | 2025-07-02 17:08 | Waived | 2 - Non-Material | C | B | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-07/02/2025 Open-Income and Employment Do Not Meet Guidelines- Borrower is paid through his business XXXXX using his SSN. The loan file contains an approved exception. - Due Diligence Vendor-07/02/2025 |
Waived-Client exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-07/02/2025 |
Months Reserves exceed minimum required - 17.5 mos reserves; 3 mos required LTV is less than guideline maximum - Max LTV 80% / Subject LTV 44.29% |
Low LTV Good reserves Residual income exceeds minimum requirement Value is typical for the area. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4635670 | ||
| XXXXX | XXXXX | 9197030 | D | A | C | A | A | A | D | A | Closed | FCRE1510 | 2025-07-03 08:10 | 2025-07-10 11:15 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-07/10/2025 Ready for Review-Document Uploaded. Legal to Mortgage - document attached to condition is causing error. Imported as a batch condition document for your review-XXXXX - Buyer-07/09/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing legal - Due Diligence Vendor-07/03/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-07/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 807; minimum required 700. Months Reserves exceed minimum required - 41 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4648110 | ||
| XXXXX | XXXXX | 9197030 | D | A | C | A | A | A | D | A | Closed | FPRO1253 | 2025-07-08 08:12 | 2025-07-10 11:15 | Resolved | 1 - Information | D | A | Property | Missing Doc | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-Additional valuation product is provided, or Applicable - Due Diligence Vendor-07/10/2025 Ready for Review-Document Uploaded. SSR - Buyer-07/09/2025 Open-Additional valuation product has not been provided. - Due Diligence Vendor-07/08/2025 |
Resolved-Additional valuation product is provided, or Applicable - Due Diligence Vendor-07/10/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 807; minimum required 700. Months Reserves exceed minimum required - 41 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4719860 | ||
| XXXXX | XXXXX | 9197006 | C | A | C | A | A | A | A | A | Closed | FCRE1510 | 2025-07-07 21:01 | 2025-07-11 14:21 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received Mortgage w/Legal. - Due Diligence Vendor-07/11/2025 Ready for Review-Document Uploaded. Mortgage with legal - Buyer-07/09/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. Missing "Exhibit A" legal description attached to the DOT. - Due Diligence Vendor-07/08/2025 |
Resolved-Received Mortgage w/Legal. - Due Diligence Vendor-07/11/2025 |
Months Reserves exceed minimum required - 11.22 months of PITI reserves, 6 months minimum required. Qualifying FICO score is at least 20 points above minimum for program - 751 qualifying FICO score, 700 minimum score required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4716043 | ||
| XXXXX | XXXXX | 9197027 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9213083 | C | B | C | A | B | B | A | A | Closed | FCRE1193 | 2025-07-03 09:14 | 2025-07-08 09:36 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI | Resolved-Audited DTI of 44.06% is less than or equal to Guideline DTI of 50%. The borrower is not a FTHB both the credit report and fraud rpt confirm the borrower owned a home through / - Due Diligence Vendor-07/08/2025 Open-Audited DTI of 44.06% exceeds Guideline DTI of 43% Borrower is a first time home buyer. Lives rent free with family - Per guides Less than 12-month housing history: 43% max DTI - Due Diligence Vendor-07/03/2025 |
Resolved-Audited DTI of 44.06% is less than or equal to Guideline DTI of 50%. The borrower is not a FTHB both the credit report and fraud rpt confirm the borrower owned a home through / - Due Diligence Vendor-07/08/2025 |
Verified employment history exceeds guidelines - 10 years self employed. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 683; minimum score 660. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4648867 | |||
| XXXXX | XXXXX | 9213083 | C | B | C | A | B | B | A | A | Closed | FCOM5135 | 2025-07-02 10:12 | 2025-07-02 10:42 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing : Client waiver applied to non-material Findings - Due Diligence Vendor-07/02/2025 | Waived-Required Affiliated Business Disclosure Missing : Client waiver applied to non-material Findings - Due Diligence Vendor-07/02/2025 |
Verified employment history exceeds guidelines - 10 years self employed. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 683; minimum score 660. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | Investor Post-Close | No | 4629443 | |||
| XXXXX | XXXXX | 9201262 | C | B | C | A | B | B | A | A | Closed | FCRE1510 | 2025-07-03 13:08 | 2025-07-10 10:33 | Resolved | 1 - Information | C | A | Credit | Closing | Issues exist on the Mortgage Document (Deed of Trust) | Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-07/10/2025 Ready for Review-Document Uploaded. Mortgage with legal description - Buyer-07/09/2025 Open-There are Issues Present on the Mortgage Document (Deed of Trust) that must be addressed. ----- missing legal description 'Exhibit A' - Due Diligence Vendor-07/03/2025 |
Resolved-Received complete security instrument inclusive of legal description. - Due Diligence Vendor-07/10/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 35%; max permitted 50%. LTV is less than guideline maximum - LTV 24%; max 75%. |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4654046 | ||
| XXXXX | XXXXX | 9201262 | C | B | C | A | B | B | A | A | Closed | FCOM5135 | 2025-07-03 13:25 | 2025-07-03 13:25 | Waived | 2 - Non-Material | B | B | Compliance | Missing Doc | Missing Required Affiliated Business Disclosure | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-07/03/2025 | Waived-Required Affiliated Business Disclosure Missing Client waiver applied to non-material Findings. - Due Diligence Vendor-07/03/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 35%; max permitted 50%. LTV is less than guideline maximum - LTV 24%; max 75%. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | Investor Post-Close | No | 4654616 | |||
| XXXXX | XXXXX | 9190389 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | ||||||||||||||||||
| XXXXX | XXXXX | 9196994 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-07-09 16:00 | 2025-07-14 12:29 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-Received DSCR - Due Diligence Vendor-07/14/2025 Ready for Review-Document Uploaded. DSCR - Buyer-07/11/2025 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-07/09/2025 |
Resolved-Received DSCR - Due Diligence Vendor-07/14/2025 |
Months Reserves exceed minimum required - Reserves: 108 Min 3 (of which 9 months own funds) LTV is less than guideline maximum - LTV:61.88% Max 75% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4755374 | ||
| XXXXX | XXXXX | 9190399 | D | A | D | A | A | A | A | A | Closed | FCOM1351 | 2025-07-09 14:54 | 2025-07-15 10:27 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Guaranty Agreement Missing | Resolved-Received personal guaranty. - Due Diligence Vendor-07/15/2025 Ready for Review-Document Uploaded. Supporting doc - Buyer-07/14/2025 Open-The Subject Loan is a Business Purpose Loan but the Guaranty Agreement Doc is 'Missing'. - Due Diligence Vendor-07/09/2025 |
Resolved-Received personal guaranty. - Due Diligence Vendor-07/15/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying credit score 729; minimum required 700. Months Reserves exceed minimum required - 107 months PITIA reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4754010 | ||
| XXXXX | XXXXX | 9213086 | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2025-07-08 21:22 | 2025-07-09 17:00 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Audited LTV of 80% exceeds Guideline LTV of 75% Client exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to strong compensating factors. - Due Diligence Vendor-07/09/2025 |
Waived-Audited LTV of 80% exceeds Guideline LTV of 75% Client exception granted and in file. Waiver applied with comp factors. Exception deemed non-material due to strong compensating factors. - Due Diligence Vendor-07/09/2025 |
On time mortgage history exceeds guideline requirement - Mortgage History 0x30x23. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO score 759; guidelines require 700. |
Mortgage History 0x30x23. Qualifying FICO score 759; guidelines require 700. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Investor Post-Close | No | 4742658 | ||
| XXXXX | 9221977 | A | A | A | A | A | A | A | A | A | A | QM: Higher Priced APOR (APOR HP) | QM: Higher Priced APOR (APOR HP) | XXXXX | XX | Primary Residence | Purchase | NA | |||||||||||||||||||
| XXXXX | XXXXX | 9212918 | C | A | C | A | A | A | A | A | Closed | FCRE0109 | 2025-07-10 17:00 | 2025-07-14 13:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Received photo id's - Due Diligence Vendor-07/14/2025 Ready for Review-Document Uploaded. DL's - Buyer-07/11/2025 Open-Missing Disclosure - Patriot Act Borrower Identification Form. Missing Patriot Act Identification Form for both borrowers. - Due Diligence Vendor-07/10/2025 |
Resolved-Received photo id's - Due Diligence Vendor-07/14/2025 |
Months Reserves exceed minimum required - Reserves: 32 Min 3 Qualifying FICO score is at least 20 points above minimum for program - FICO: 793 Min 700 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4773547 | ||
| XXXXX | XXXXX | 9212923 | D | A | D | A | A | A | A | A | Closed | FCRE0070 | 2025-07-10 21:00 | 2025-07-15 14:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-07/11/2025 Ready for Review-Document Uploaded. 1008 - Seller-07/11/2025 Open-Missing Approval/Underwriting Summary . Additionally, findings may apply upon receipt. - Due Diligence Vendor-07/11/2025 |
Ready for Review-Document Uploaded. 1008 - Seller-07/11/2025 |
Resolved-Approval/Underwriting Summary is fully present - Due Diligence Vendor-07/11/2025 |
DSCR % greater than 1.20 - DSCR is 1.284 Credit history exceeds minimum required - Qualifying FICO score 716; guidelines require 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4776441 | |
| XXXXX | XXXXX | 9212923 | D | A | D | A | A | A | A | A | Closed | FCRE1201 | 2025-07-10 20:45 | 2025-07-11 11:30 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-7/11/25 – 1008, Fraud Report, DSCR Worksheet, HUD from Sale of REO all provided - Due Diligence Vendor-07/11/2025 Ready for Review-Document Uploaded. Fraud - Buyer-07/11/2025 Ready for Review-Document Uploaded. Supporting docs - Buyer-07/11/2025 Open-Missing Third Party Fraud Report Third Party Fraud Report not Provided. Additionally, findings may apply upon receipt. - Due Diligence Vendor-07/11/2025 |
Resolved-7/11/25 – 1008, Fraud Report, DSCR Worksheet, HUD from Sale of REO all provided - Due Diligence Vendor-07/11/2025 |
DSCR % greater than 1.20 - DSCR is 1.284 Credit history exceeds minimum required - Qualifying FICO score 716; guidelines require 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4776400 | ||
| XXXXX | XXXXX | 9212923 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-07-10 20:55 | 2025-07-11 11:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR Calculation was located. - Due Diligence Vendor-07/11/2025 Ready for Review-Document Uploaded. DSCR - Seller-07/11/2025 Open-The DSCR Calculation from lender is Missing. Additionally, findings may apply upon receipt. - Due Diligence Vendor-07/11/2025 |
Ready for Review-Document Uploaded. DSCR - Seller-07/11/2025 |
Resolved-DSCR Calculation was located. - Due Diligence Vendor-07/11/2025 |
DSCR % greater than 1.20 - DSCR is 1.284 Credit history exceeds minimum required - Qualifying FICO score 716; guidelines require 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4776429 | |
| XXXXX | XXXXX | 9212923 | D | A | D | A | A | A | A | A | Closed | FCRE2371 | 2025-07-11 07:57 | 2025-07-11 11:13 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing final HUD-1 from sale of non-subject property | Resolved-7/11/25 – 1008, Fraud Report, DSCR Worksheet, HUD from Sale of REO all provided - Due Diligence Vendor-07/11/2025 Ready for Review-Document Uploaded. HUD - Buyer-07/11/2025 Open-Missing final CD/HUD-1 settlement statement (simultaneous closing) from refinance of XXXXX reflecting cashout/net proceeds of $271,004.73 - Due Diligence Vendor-07/11/2025 |
Resolved-7/11/25 – 1008, Fraud Report, DSCR Worksheet, HUD from Sale of REO all provided - Due Diligence Vendor-07/11/2025 |
DSCR % greater than 1.20 - DSCR is 1.284 Credit history exceeds minimum required - Qualifying FICO score 716; guidelines require 700. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4778531 | ||
| XXXXX | XXXXX | 9212924 | D | A | D | A | A | A | A | A | Closed | FCRE5770 | 2025-07-10 22:34 | 2025-07-11 11:00 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Credit Report is Missing | Resolved-Borrower 1 Credit Report is not missing. - Due Diligence Vendor-07/11/2025 Ready for Review-Document Uploaded. CR - Buyer-07/11/2025 Open-Borrower 1 Credit Report is Missing. - Due Diligence Vendor-07/11/2025 |
Resolved-Borrower 1 Credit Report is not missing. - Due Diligence Vendor-07/11/2025 |
LTV is less than guideline maximum - 74.91% LTV; max 75% LTV required Months Reserves exceed minimum required - 4.01 months reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4776650 | ||
| XXXXX | XXXXX | 9212924 | D | A | D | A | A | A | A | A | Closed | FCRE0043 | 2025-07-10 22:47 | 2025-07-11 11:00 | Resolved | 1 - Information | D | A | Credit | Missing Doc | DSCR Calculation Missing | Resolved-DSCR Calculation was located. - Due Diligence Vendor-07/11/2025 Ready for Review-Document Uploaded. DSCR - Buyer-07/11/2025 Open-The DSCR Calculation from lender is Missing. - Due Diligence Vendor-07/11/2025 |
Resolved-DSCR Calculation was located. - Due Diligence Vendor-07/11/2025 |
LTV is less than guideline maximum - 74.91% LTV; max 75% LTV required Months Reserves exceed minimum required - 4.01 months reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4776675 | ||
| XXXXX | XXXXX | 9212924 | D | A | D | A | A | A | A | A | Closed | FCRE0070 | 2025-07-10 22:59 | 2025-07-11 11:00 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-.7/11/25 - 1008, DSCR Worksheet and Credit Report received - Due Diligence Vendor-07/11/2025 Ready for Review-Document Uploaded. 1008 - Buyer-07/11/2025 Open-Missing Approval/Underwriting Summary. - Due Diligence Vendor-07/11/2025 |
Resolved-.7/11/25 - 1008, DSCR Worksheet and Credit Report received - Due Diligence Vendor-07/11/2025 |
LTV is less than guideline maximum - 74.91% LTV; max 75% LTV required Months Reserves exceed minimum required - 4.01 months reserves; 3 months reserves required. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4776700 | ||
| XXXXX | XXXXX | 9156975 | D | A | D | A | A | A | A | A | Closed | FCRE7009 | 2025-07-10 21:51 | 2025-07-14 12:50 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard insurance dwelling coverage is not sufficient | Resolved-Received estimated cost new from appraiser to support coverage and policy reflects replacement cost coverage. - Due Diligence Vendor-07/14/2025 Ready for Review-Document Uploaded. Worksheet attached with cost new page from appraisal. All of this was included with the loan file provided previously. Please be sure to review the PDF. It has hundreds of pages! - Buyer-07/11/2025 Open-Insufficient Coverage Amount for Insured Subject Property. Missing documentation which evidences sufficient property insurance coverage to meet minimum requirements. Current coverage XXXXX; Loan amount XXXXX; Minimum coverage XXXXX. Declarations does not state guaranteed or 100% replacement coverage. - Due Diligence Vendor-07/11/2025 |
Resolved-Received estimated cost new from appraiser to support coverage and policy reflects replacement cost coverage. - Due Diligence Vendor-07/14/2025 |
LTV is less than guideline maximum - LTV: 42.33% Max 70% Qualifying FICO score is at least 20 points above minimum for program - FICO: 787 Min 720 Months Reserves exceed minimum required - Reserves: 48 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4776570 | ||
| XXXXX | XXXXX | 9156975 | D | A | D | A | A | A | A | A | Closed | FCRE0070 | 2025-07-10 22:00 | 2025-07-14 12:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Approval/Underwriting Summary Not Provided (3) | Resolved-Received 1008 - Due Diligence Vendor-07/14/2025 Ready for Review-Document Uploaded. All of this was included with the loan file provided previously. Please be sure to review the PDF. It has hundreds of pages! - Buyer-07/11/2025 Open-Missing Approval/Underwriting Summary Missing Underwriting Transmittal Summary form 1008 - Due Diligence Vendor-07/11/2025 |
Resolved-Received 1008 - Due Diligence Vendor-07/14/2025 |
LTV is less than guideline maximum - LTV: 42.33% Max 70% Qualifying FICO score is at least 20 points above minimum for program - FICO: 787 Min 720 Months Reserves exceed minimum required - Reserves: 48 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4776592 | ||
| XXXXX | XXXXX | 9156975 | D | A | D | A | A | A | A | A | Closed | FCRE0109 | 2025-07-10 22:01 | 2025-07-14 12:45 | Resolved | 1 - Information | C | A | Credit | Eligibility | Missing Disclosure - Patriot Act Borrower Identification Form | Resolved-Upon further review, the loan file contained all required identification documentation. - Due Diligence Vendor-07/14/2025 Ready for Review-Document Uploaded. The Patriot Act disclosure is provided to the borrower in the initial disclosures package and then the closing package will include the identity affidavit that is signed by the borrower and notarized. This is another suspense for the same reason that we have cleared in the past with the same rememedy. Please make note for future files - Buyer-07/11/2025 Open-Missing Patriot Act Identification Form - Due Diligence Vendor-07/11/2025 |
Resolved-Upon further review, the loan file contained all required identification documentation. - Due Diligence Vendor-07/14/2025 |
LTV is less than guideline maximum - LTV: 42.33% Max 70% Qualifying FICO score is at least 20 points above minimum for program - FICO: 787 Min 720 Months Reserves exceed minimum required - Reserves: 48 Min 3 |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4776593 | ||
| XXXXX | XXXXX | 9213101 | C | A | C | A | A | A | A | A | Closed | FCRE1254 | 2025-07-10 17:50 | 2025-07-21 16:35 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-After further review, item #9 on title is not a mechanics lien. - Due Diligence Vendor-07/21/2025 Ready for Review-That is not a mechanics lien. That is a standard requirement for an affidavit if there was work completed on the property. If it was a lien it would state that and provide the recording information with an amount. - Due Diligence Vendor-07/21/2025 Ready for Review-That is not a mechanics lien. That is a standard requirement for an affidavit if there was work completed on the property. If it was a lien it would state that and provide the recording information with an amount. - Seller-07/21/2025 Open-Property Title Issue Missing documentation to support payment or satisfaction of item #9 mechanics lien. - Due Diligence Vendor-07/14/2025 |
Ready for Review-That is not a mechanics lien. That is a standard requirement for an affidavit if there was work completed on the property. If it was a lien it would state that and provide the recording information with an amount. - Seller-07/21/2025 |
Resolved-After further review, item #9 on title is not a mechanics lien. - Due Diligence Vendor-07/21/2025 |
Long term residence - Subject owned > 36 mo's. Months Reserves exceed minimum required - Reserves are 45 mo's with min required of 6 mo's. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4774371 | ||
| XXXXX | XXXXX | 9213101 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2025-07-10 18:04 | 2025-07-14 16:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-After further review, 12-months of mortgage statements were provided - Due Diligence Vendor-07/14/2025 Open-Housing History Does Not Meet Guideline Requirements Missing mortgage payment history. - Due Diligence Vendor-07/10/2025 |
Resolved-After further review, 12-months of mortgage statements were provided - Due Diligence Vendor-07/14/2025 |
Long term residence - Subject owned > 36 mo's. Months Reserves exceed minimum required - Reserves are 45 mo's with min required of 6 mo's. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4774596 | |||
| XXXXX | XXXXX | 9213101 | C | A | C | A | A | A | A | A | Closed | FCRE1194 | 2025-07-11 12:41 | 2025-07-11 12:57 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Audited LTV of 65% is less than or equal to Guideline LTV of 65% - Due Diligence Vendor-07/11/2025 Open-Audited LTV of 65% exceeds Guideline LTV of 60% Maximum LTV for Foreign national cash out with DSCR < 1 max LTV 60 - Due Diligence Vendor-07/11/2025 |
Resolved-Audited LTV of 65% is less than or equal to Guideline LTV of 65% - Due Diligence Vendor-07/11/2025 |
Long term residence - Subject owned > 36 mo's. Months Reserves exceed minimum required - Reserves are 45 mo's with min required of 6 mo's. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4788093 | |||
| XXXXX | 9222069 | C | B | C | B | A | A | A | A | Closed | FCRE1491 | 2025-07-11 16:29 | 2025-07-22 11:00 | Resolved | 1 - Information | C | A | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Received Asset documentation. Assets have been redone. - Due Diligence Vendor-07/22/2025 Ready for Review-Document Uploaded. HI I have attached updated 1003 and 1008 along with the asset statements being used and proof of ownership. Assets had to be redone. We are not using all the accounts due to not being able to obtain some of the documents needed. We don’t use the 1003 for noni however it will show the tpr the accounts being used where the application does not. Borrower owns 48% of Senales and assets hav been adjusted accordingly. - Seller-07/21/2025 Open-Asset Qualification Does Not Meet Guideline Requirements 1. Assets for accounts ending in XXXXX are in an LLC name and we do not have documentation to support the borrower has full access to the funds. 2. Assets for accounts ending XXXXX are in the name XXXXX and there is no documentation to support the borrower has access to these funds. There is a letter from the borrower's spouse in the file stating he gives the borrower access to these funds, but nothing to support HE has access to the business assets. - Due Diligence Vendor-07/11/2025 |
Ready for Review-Document Uploaded. HI I have attached updated 1003 and 1008 along with the asset statements being used and proof of ownership. Assets had to be redone. We are not using all the accounts due to not being able to obtain some of the documents needed. We don’t use the 1003 for noni however it will show the tpr the accounts being used where the application does not. Borrower owns 48% of XXXXX and assets hav been adjusted accordingly. - Seller-07/21/2025 |
Resolved-Received Asset documentation. Assets have been redone. - Due Diligence Vendor-07/22/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 791 is more than 20 points higher than the guideline min of 700 | XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4792629 | ||
| XXXXX | 9222069 | C | B | C | B | A | A | A | A | Closed | FCRE0113 | 2025-07-11 16:12 | 2025-07-14 11:27 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Property/Appraisal General (Credit) | Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-07/14/2025 Open-Appraisal is transferred from another lender but no transfer authorization is provided. Exception is uploaded. - Due Diligence Vendor-07/11/2025 |
Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-07/14/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 791 is more than 20 points higher than the guideline min of 700 | Experienced Investor FICO > 10pts above requirement |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 4792369 | |||
| XXXXX | 9221923 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | |||||||||||||||||||
| XXXXX | 9222210 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | |||||||||||||||||||
| XXXXX | 9222044 | D | A | D | A | A | A | A | A | Closed | FCRE5116 | 2025-07-15 10:52 | 2025-07-25 12:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing VOM or VOR | Resolved-Received CD's for 3b and 3c verifying purchase transactions. - Due Diligence Vendor-07/25/2025 Ready for Review-Document Uploaded. Please see uploaded PCCD for XXXXX. - Seller-07/23/2025 Counter-Received 1st payment letters for 3b and 3c-please provide corresponding CD to confirm recent purchase of properties along with page 2 of 1st payment letters to confirm corresponding address. - Due Diligence Vendor-07/23/2025 Ready for Review-Document Uploaded. - Seller-07/21/2025 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is Missing. Verification of Mortgage (VOM) Document is Missing for properties 3b and 3c. No documentation provided to evidence monthly mortgage payment or any pay history. - Due Diligence Vendor-07/15/2025 |
Ready for Review-Document Uploaded. Please see uploaded PCCD for XXXXX. - Seller-07/23/2025 Ready for Review-Document Uploaded. - Seller-07/21/2025 |
Resolved-Received CD's for 3b and 3c verifying purchase transactions. - Due Diligence Vendor-07/25/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 25.34 is less than the guideline max of 50. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 770 is more than 20 points higher than the guideline min of 680. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4819423 | ||
| XXXXX | 9222044 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2025-07-15 10:52 | 2025-07-25 12:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received Page 2 of the First Payment letter. - Due Diligence Vendor-07/25/2025 Ready for Review-Document Uploaded. Please see completed page 1 & 2 of First payment letter for XXXXX. - Seller-07/23/2025 Counter-Received 1st payment letters and No HOA--missing page 2 XXXXX to confirm property address. - Due Diligence Vendor-07/23/2025 Ready for Review-Document Uploaded. Please see uploaded documents for conditions. - Seller-07/21/2025 Open-Missing documentation to evidence any expenses for properties 3b and 3c. - Due Diligence Vendor-07/15/2025 |
Ready for Review-Document Uploaded. Please see completed page 1 & 2 of First payment letter for XXXXX. - Seller-07/23/2025 Ready for Review-Document Uploaded. Please see uploaded documents for conditions. - Seller-07/21/2025 |
Resolved-Received Page 2 of the First Payment letter. - Due Diligence Vendor-07/25/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 25.34 is less than the guideline max of 50. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 770 is more than 20 points higher than the guideline min of 680. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4819437 | ||
| XXXXX | 9222044 | D | A | D | A | A | A | A | A | Closed | FCRE1437 | 2025-07-15 15:00 | 2025-07-23 10:32 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Resolved-Received corrected 1003 reflecting no ownership in current business. Transcripts provided. - Due Diligence Vendor-07/23/2025 Ready for Review-Document Uploaded. Borrower does not have ownership in current employer. Self-employment was marked in error. Per transcripts only has schedule c loss for diff co which was added to 1003 with the loss. - Seller-07/21/2025 Counter-Documentation received is insufficient-Provide confirmation of percentage of ownership-confirming less than 25%. Original finding remains. - Due Diligence Vendor-07/18/2025 Ready for Review- Borrower is not self-employed. He owns less than 25% and we are not using his k1 income therefore proof of ownership percentage is not required. - Seller-07/17/2025 Open-Income and Employment Do Not Meet Guidelines Per application the borrower is a part owner - lender to provide verification of the borrower's percentage of ownership and provide 1 year full returns. - Due Diligence Vendor-07/15/2025 |
Ready for Review-Document Uploaded. Borrower does not have ownership in current employer. Self-employment was marked in error. Per transcripts only has schedule c loss for diff co which was added to 1003 with the loss. - Seller-07/21/2025 Ready for Review- Borrower is not self-employed. He owns less than 25% and we are not using his k1 income therefore proof of ownership percentage is not required. - Seller-07/17/2025 |
Resolved-Received corrected 1003 reflecting no ownership in current business. Transcripts provided. - Due Diligence Vendor-07/23/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 25.34 is less than the guideline max of 50. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 770 is more than 20 points higher than the guideline min of 680. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4825892 | ||
| XXXXX | 9222044 | D | A | D | A | A | A | A | A | Closed | FCRE6843 | 2025-07-15 11:10 | 2025-07-16 13:35 | Resolved | 1 - Information | C | A | Credit | Assets | Asset General | Resolved-After further review the assets provided are sufficient for the transaction. - Due Diligence Vendor-07/16/2025 Open-Total assets needed for all 3 transactions is unknown. Additional conditions may apply. - Due Diligence Vendor-07/15/2025 |
Resolved-After further review the assets provided are sufficient for the transaction. - Due Diligence Vendor-07/16/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 25.34 is less than the guideline max of 50. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 770 is more than 20 points higher than the guideline min of 680. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4819793 | ||||
| XXXXX | 9222010 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| XXXXX | 9221955 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Limited Cash Out - <1% of Loan Amount or $2000 | |||||||||||||||||||
| XXXXX | 9222162 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | |||||||||||||||||||
| XXXXX | 9221968 | D | A | D | A | A | A | A | A | Closed | FCRE1495 | 2025-07-17 11:09 | 2025-07-24 06:48 | Resolved | 1 - Information | C | A | Credit | QM-ATR | ATR: Current Employment Not Verified | Resolved-CPA confirms % of ownership, expense factor of 30% is listed in the guides for small businesses. Business formation docs provided shows active and confirms the business XXXXX. - Due Diligence Vendor-07/24/2025 Counter-Received CTEC letter confirming percentage of ownership-does not confirm length of self employment. - Due Diligence Vendor-07/23/2025 Ready for Review-Uploaded self employment VOE, CPA Letter and supporting docs - Seller-07/21/2025 Open-ATR: Current Employment Not Verified File is missing evidence of 2 years self-employment and the borrower's business ownership percentage. - Due Diligence Vendor-07/17/2025 |
Ready for Review-Uploaded self employment VOE, CPA Letter and supporting docs - Seller-07/21/2025 |
Resolved-CPA confirms % of ownership, expense factor of 30% is listed in the guides for small businesses. Business formation docs provided shows active and confirms the business started in XXXXX. - Due Diligence Vendor-07/24/2025 |
Months Reserves exceed minimum required - Borrower verified 21.42 months of PITI reserves, 6 months minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 794 is more than 20 points higher than the guideline min of 680. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4851848 | |||
| XXXXX | 9221968 | D | A | D | A | A | A | A | A | Closed | FCRE1506 | 2025-07-17 11:09 | 2025-07-24 06:48 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-07/24/2025 Resolved-CPA confirms % of ownership, expense factor of 30% is listed in the guides for small businesses. Business formation docs provided shows active and confirms the business started in XXXXX - Due Diligence Vendor-07/24/2025 Counter-Pending confirmation of expense factor and length of self-employment. - Due Diligence Vendor-07/23/2025 Ready for Review-Uploaded self employment VOE, CPA Letter and supporting docs - Seller-07/21/2025 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. File is missing required documentation to properly verify the borrower's income and self-employment. - Due Diligence Vendor-07/17/2025 |
Ready for Review-Uploaded self employment VOE, CPA Letter and supporting docs - Seller-07/21/2025 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-07/24/2025 Resolved-CPA confirms % of ownership, expense factor of 30% is listed in the guides for small businesses. Business formation docs provided shows active and confirms the business started in XXXXX. - Due Diligence Vendor-07/24/2025 |
Months Reserves exceed minimum required - Borrower verified 21.42 months of PITI reserves, 6 months minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 794 is more than 20 points higher than the guideline min of 680. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4851849 | |||
| XXXXX | 9221968 | D | A | D | A | A | A | A | A | Closed | FCRE1497 | 2025-07-18 21:38 | 2025-07-24 06:48 | Resolved | 1 - Information | C | A | Credit | QM-ATR | ATR: Reasonable Income or Assets Not Considered | Resolved-ATR: Reasonable Income or Assets Was Considered - Due Diligence Vendor-07/24/2025 Resolved-Received revised income calculation and confirmation of percentage of ownership - Due Diligence Vendor-07/23/2025 Ready for Review-Document Uploaded. In addition see updated 1003 and 1008 to show corrected income, income worksheet and proof borrower has been self employed for at least 2 years. - Seller-07/22/2025 Ready for Review-Uploaded self employment VOE, CPA Letter and supporting docs - Seller-07/21/2025 Open-ATR: Reasonable Income or Assets Not Considered 1. The borrower's income from self-employment was not reviewed by a third-party as required per guidelines. 2. The lender qualified the borrower using 13 months of bank statements averaged over a 12-month period. 3. The lender calculated the borrower's income using 90% ownership of the business but file has no documentation to verify the ownership percentage. - Due Diligence Vendor-07/19/2025 |
Ready for Review-Document Uploaded. In addition see updated 1003 and 1008 to show corrected income, income worksheet and proof borrower has been self employed for at least 2 years. - Seller-07/22/2025 Ready for Review-Uploaded self employment VOE, CPA Letter and supporting docs - Seller-07/21/2025 |
Resolved-ATR: Reasonable Income or Assets Was Considered - Due Diligence Vendor-07/24/2025 Resolved-Received revised income calculation and confirmation of percentage of ownership - Due Diligence Vendor-07/23/2025 |
Months Reserves exceed minimum required - Borrower verified 21.42 months of PITI reserves, 6 months minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 794 is more than 20 points higher than the guideline min of 680. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4877721 | ||
| XXXXX | 9221968 | D | A | D | A | A | A | A | A | Closed | FCRE1317 | 2025-07-17 10:56 | 2025-07-24 06:46 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Borrower 1 Total Years Employment Verified is Less Than 24 Months | Resolved-CPA confirms % of ownership, expense factor of 30% is listed in the guides for small businesses. Business formation docs provided shows active and confirms the business started in XXXXX. - Due Diligence Vendor-07/24/2025 Counter-Received CTEC letter confirming percentage of ownership only-original finding remains. - Due Diligence Vendor-07/23/2025 Ready for Review-Uploaded self employment VOE, CPA Letter and supporting docs - Seller-07/21/2025 Open-Borrower 1 Total Years Employment Verified is Less Than 24 Months Per guides, the business being used to source income must be in existence for a minimum of two (2) years as evidenced by one of the following: CPA Letter, Business License, Bank statement from 24 or more months prior to note date reflecting activity, or other reasonable evidence of business activity. The loan file is missing the requisite documentation to verify the borrower's business has been in existence for the past 2 years. - Due Diligence Vendor-07/17/2025 |
Ready for Review-Uploaded self employment VOE, CPA Letter and supporting docs - Seller-07/21/2025 |
Resolved-CPA confirms % of ownership, expense factor of 30% is listed in the guides for small businesses. Business formation docs provided shows active and confirms the business started in XXXXX. - Due Diligence Vendor-07/24/2025 |
Months Reserves exceed minimum required - Borrower verified 21.42 months of PITI reserves, 6 months minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 794 is more than 20 points higher than the guideline min of 680. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4851542 | |||
| XXXXX | 9221968 | D | A | D | A | A | A | A | A | Closed | FCRE1325 | 2025-07-17 10:56 | 2025-07-24 06:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 CPA Letter Missing | Resolved-CPA confirms % of ownership, expense factor of 30% is listed in the guides for small businesses. Business formation docs provided shows active and confirms the business started in XXXXX. - Due Diligence Vendor-07/24/2025 Counter-Received CTEC letter confirming percentage of ownership. Tax preparer letter does not confirm years in business nor expense factor. Must meet guidelines 1.7.6.1.1 - Due Diligence Vendor-07/23/2025 Ready for Review-Document Uploaded. Uploaded self employment VOE, CPA Letter and supporting docs - Seller-07/21/2025 Open-Borrower 1 CPA Letter Missing Per guides, the borrower's income and expense documentation must be prepared or validated by an acceptable third-party source with knowledge of the borrower's business. The loan file is missing documentation (such as a CPA letter) that verifies the borrower's income and expense documentation was prepared or validated by an applicable third-party. - Due Diligence Vendor-07/17/2025 |
Ready for Review-Document Uploaded. Uploaded self employment VOE, CPA Letter and supporting docs - Seller-07/21/2025 |
Resolved-CPA confirms % of ownership, expense factor of 30% is listed in the guides for small businesses. Business formation docs provided shows active and confirms the business started in XXXXX - Due Diligence Vendor-07/24/2025 |
Months Reserves exceed minimum required - Borrower verified 21.42 months of PITI reserves, 6 months minimum required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 794 is more than 20 points higher than the guideline min of 680. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4851541 | ||
| XXXXX | 9222122 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | |||||||||||||||||||
| XXXXX | 9222100 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| XXXXX | 9221905 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| XXXXX | 9222042 | C | A | C | A | A | A | A | A | Closed | FCRE0200 | 2025-07-17 13:02 | 2025-07-23 15:05 | Resolved | 1 - Information | C | A | Credit | Debt | Missing proof of liability not disclosed on credit report | Resolved-Payment terms for HELOC provide on the Note. - Due Diligence Vendor-07/23/2025 Ready for Review-Document Uploaded. The payment has not started yet for the heloc. The note states no draws till 90 days after closing. Note is date XXXXX so draw would be XXXXX our loan closed XXXXX– no pay history to provide. A heloc is interest only so used worse case XXXXX at 10.25% XXXXX were error both items show paid on credit report. - Seller-07/23/2025 Open-It is unclear how the minimum monthly payment for the heloc was determined. Fully amortizing payment would be higher than what was used. Additional conditions may apply. No documentation provided to support the monthly payments for XXXXX. - Due Diligence Vendor-07/17/2025 |
Ready for Review-Document Uploaded. The payment has not started yet for the heloc. The note states no draws till 90 days after closing. Note is date XXXXX so draw would be XXXXX our loan closed XXXXX– no pay history to provide. A heloc is interest only so used worse case $185,0000 at 10.25% Apple and wfbna were error both items show paid on credit report. - Seller-07/23/2025 |
Resolved-Payment terms for HELOC provide on the Note. - Due Diligence Vendor-07/23/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 26.66 is less than the guideline max of 50. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 766 is more than 20 points higher than the guideline min of 720. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4854406 | ||
| XXXXX | 9222023 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| XXXXX | 9222047 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2025-07-18 14:41 | 2025-07-25 12:26 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received Mortgage Statement. - Due Diligence Vendor-07/25/2025 Ready for Review-Document Uploaded. hi please see attached thank you :) - Seller-07/23/2025 Open-Missing verification of taxes and insurance on Property 3A (departing residence). Borrower is on deed per LOX and will be qualified with tax & insurance payments. Additional findings may apply. - Due Diligence Vendor-07/18/2025 |
Ready for Review-Document Uploaded. hi please see attached thank you :) - Seller-07/23/2025 |
Resolved-Received Mortgage Statement. - Due Diligence Vendor-07/25/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 20.77% is less than the guideline max of 50. Months Reserves exceed minimum required - Guides require 12 months reserves and the borrower has 30 months. |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4872808 | ||
| XXXXX | 9222047 | D | A | D | A | A | A | A | A | Closed | FCRE1152 | 2025-07-18 14:51 | 2025-07-22 10:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Confirmation from the title company provided. - Due Diligence Vendor-07/22/2025 Ready for Review-Document Uploaded. please see what escrow provide for proof thank you . - Seller-07/22/2025 Open-Missing Evidence of Property Tax to match taxes per Final CD - Due Diligence Vendor-07/18/2025 |
Ready for Review-Document Uploaded. please see what escrow provide for proof thank you . - Seller-07/22/2025 |
Resolved-Confirmation from the title company provided. - Due Diligence Vendor-07/22/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 20.77% is less than the guideline max of 50. Months Reserves exceed minimum required - Guides require 12 months reserves and the borrower has 30 months. |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4873008 | ||
| XXXXX | 9222047 | D | A | D | A | A | A | A | A | Closed | FCRE1479 | 2025-07-18 15:05 | 2025-07-22 10:12 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-proof no change in balance from 5/31 to 6/3 provided. - Due Diligence Vendor-07/22/2025 Ready for Review-Document Uploaded. Its only 3 days and balance did not increase. From ending balance of $8400225 on 5/31 to $75904.43 as of 7/3. transactions were all withdraws. - Seller-07/21/2025 Open-Asset Record 1 Does Not Meet G/L Requirements There is a gap in the asset transaction history from 5/31/25-6/3/25. - Due Diligence Vendor-07/18/2025 |
Ready for Review-Document Uploaded. Its only 3 days and balance did not increase. From ending balance of $8400225 on 5/31 to $75904.43 as of 7/3. transactions were all withdraws. - Seller-07/21/2025 |
Resolved-proof no change in balance from 5/31 to 6/3 provided. - Due Diligence Vendor-07/22/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 20.77% is less than the guideline max of 50. Months Reserves exceed minimum required - Guides require 12 months reserves and the borrower has 30 months. |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4873283 | ||
| XXXXX | 9222173 | C | B | C | B | A | A | A | A | Closed | FCRE1194 | 2025-07-21 10:46 | 2025-07-28 12:52 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Originator provided a waiver for 5% LTV increase to 80%, applied to non material finding with comp factors - Due Diligence Vendor-07/28/2025 Ready for Review-Document Uploaded. PC exception uploaded - Seller-07/25/2025 Open-Audited LTV of 80% exceeds Guideline LTV of 75% The calculated LtV is 80%, per the guidelines the max, LTV for a loan with a non-occupant co-borrower is 75%, occupying borrower does not meet the guidelines for no LTV reduction. - Due Diligence Vendor-07/23/2025 |
Ready for Review-Document Uploaded. PC exception uploaded - Seller-07/25/2025 |
Waived-Originator provided a waiver for 5% LTV increase to 80%, applied to non material finding with comp factors - Due Diligence Vendor-07/28/2025 |
Months Reserves exceed minimum required - Verified reserves equal 29.73 months, guidelines require 6 months. Qualifying DTI below maximum allowed - DTI is 10.25% and max allowed is 45% |
Reserves: >12 months DTI: <43% Long Term Employment |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | Originator Post-Close | Yes | 4886107 | |
| XXXXX | 9222173 | C | B | C | B | A | A | A | A | Closed | FCRE8201 | 2025-07-18 13:55 | 2025-07-23 17:29 | Resolved | 1 - Information | C | A | Credit | Eligibility | Loan does not conform to program guidelines | Resolved-After further review, rent free borrower are allowed up to 80% with a max 45% DTI, p. 31. - Due Diligence Vendor-07/23/2025 Open-Loan does not conform to program guidelines. Borrower is living rent free by the co borrower. Guides allow no housing if The borrower lives in a marital home that is owned or leased by the spouse, the mortgage or rent on the martial home must be current as evidence by a minimum of a 12-month rating . - Due Diligence Vendor-07/18/2025 |
Resolved-After further review, rent free borrower are allowed up to 80% with a max 45% DTI, p. 31. - Due Diligence Vendor-07/23/2025 |
Months Reserves exceed minimum required - Verified reserves equal 29.73 months, guidelines require 6 months. Qualifying DTI below maximum allowed - DTI is 10.25% and max allowed is 45% |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4872017 | ||||
| XXXXX | 9222142 | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | |||||||||||||||||||
| XXXXX | 9221975 | D | A | D | A | A | A | A | A | Closed | FCRE1342 | 2025-07-22 13:39 | 2025-08-01 11:25 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Business Bank Statements Missing | Resolved-Received May and June business bank statements supporting P&L with deposits. - Due Diligence Vendor-08/01/2025 Ready for Review-Document Uploaded. assets uploaded - Seller-07/31/2025 Open-Borrower 1 Business Bank Statements Missing If the tax return exceeds 90 days of the note date, a YTD Profit & Loss Statement (P&L missing addressed in other finding) dated within 90 days of note date is required, along with the two most recent months of bank statements which are missing. - Due Diligence Vendor-07/22/2025 |
Ready for Review-Document Uploaded. assets uploaded - Seller-07/31/2025 |
Resolved-Received May and June business bank statements supporting P&L with deposits. - Due Diligence Vendor-08/01/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 773 is more than 20 points higher than the guideline min of 660. Qualifying DTI below maximum allowed - Qualifying DTI 27.91 is less than the guideline max of 50. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4906972 | ||
| XXXXX | 9221975 | D | A | D | A | A | A | A | A | Closed | FCRE1326 | 2025-07-22 11:25 | 2025-08-01 11:25 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 YTD Profit & Loss Missing | Resolved-Received 2024 and ytd 2025 P&Ls. - Due Diligence Vendor-08/01/2025 Ready for Review-Document Uploaded. 2024-25 P&I uploaded - Seller-07/31/2025 Open-Borrower 1 YTD Profit & Loss Missing If the tax return exceeds 90 days of the note date, a YTD Profit & Loss Statement (P&L) dated within 90 days of note date is required. - Due Diligence Vendor-07/22/2025 |
Ready for Review-Document Uploaded. 2024-25 P&I uploaded - Seller-07/31/2025 |
Resolved-Received 2024 and ytd 2025 P&Ls. - Due Diligence Vendor-08/01/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 773 is more than 20 points higher than the guideline min of 660. Qualifying DTI below maximum allowed - Qualifying DTI 27.91 is less than the guideline max of 50. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4903939 | ||
| XXXXX | 9221904 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| XXXXX | 9222068 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | |||||||||||||||||||
| XXXXX | 9222208 | A | A | A | A | A | A | A | A | A | A | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | |||||||||||||||||||
| XXXXX | 9222207 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | |||||||||||||||||||
| XXXXX | 9221961 | C | A | C | A | A | A | A | A | Closed | FCRE1506 | 2025-07-22 15:44 | 2025-07-30 11:22 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-Received missing income/asset documentation. - Due Diligence Vendor-07/30/2025 Counter-Pending receipt of asset statements considered for income. - Due Diligence Vendor-07/28/2025 Ready for Review-Borrower has been at her current address (XXXXX) for 12 months, beginning XXXXX. Verification of Rent included with credit file and uploaded again here for your review. - Seller-07/25/2025 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Assets used for depletion are incomplete. Verification of Rent (VOR) Document is Missing for current and prior rental residence. - Due Diligence Vendor-07/22/2025 |
Ready for Review-Borrower has been at her current address (XXXXX) for 12 months, beginning XXXXX. Verification of Rent included with credit file and uploaded again here for your review. - Seller-07/25/2025 |
Resolved-Received missing income/asset documentation. - Due Diligence Vendor-07/30/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 37.07 is less than the guideline max of 43. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 730 is more than 20 points higher than the guideline min of 660. |
QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4909694 | |||
| XXXXX | 9221961 | C | A | C | A | A | A | A | A | Closed | FCRE6763 | 2025-07-22 15:30 | 2025-07-30 11:18 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income documentation does not meet guidelines | Resolved-Received April Statement for XXXXX. - Due Diligence Vendor-07/30/2025 Ready for Review-Document Uploaded. Uploaded April stmt for XXXXX - Seller-07/28/2025 Counter-Received XXXXX statements. Missing XXXXX missing April 2025 statement - Due Diligence Vendor-07/28/2025 Ready for Review-Document Uploaded. Uploaded all pages for XXXXX accounts - Seller-07/25/2025 Counter-Please provide all pages of XXXXX - Due Diligence Vendor-07/25/2025 Ready for Review-Document Uploaded. XXXXX stmt for XXXXX May 5th - June 5th attached and XXXXX April thru June uploaded, these were already included in with credit file.. - Seller-07/23/2025 Open-XXXXX missing May 2025 statement. XXXXX missing April and May 2025 statement. XXXXX missing April 2025 statement. All XXXXX monthly asset statements for accounts XXXXX are missing pages. - Due Diligence Vendor-07/22/2025 |
Ready for Review-Document Uploaded. Uploaded April stmt for XXXXX - Seller-07/28/2025 Ready for Review-Document Uploaded. Uploaded all pages for XXXXXaccounts - Seller-07/25/2025 Ready for Review-Document Uploaded. XXXXX May 5th - June 5th attached and XXXXX April thru June uploaded, these were already included in with credit file.. - Seller-07/23/2025 |
Resolved-Received April Statement for XXXXX. - Due Diligence Vendor-07/30/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 37.07 is less than the guideline max of 43. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 730 is more than 20 points higher than the guideline min of 660. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4909396 | ||
| XXXXX | 9221961 | C | A | C | A | A | A | A | A | Closed | FCRE1440 | 2025-07-22 15:27 | 2025-07-28 12:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received 12 month VOR. - Due Diligence Vendor-07/28/2025 Ready for Review-Document Uploaded. Borrower has been at her current address (XXXXX) for 12 months, beginning XXXXX closing date XXXXX. Verification of Rent included with credit file and uploaded again here for your review. - Seller-07/25/2025 Open-Housing History Does Not Meet Guideline Requirements Verification of Rent (VOR) Document is Missing for current and prior rental residence. - Due Diligence Vendor-07/22/2025 |
Ready for Review-Document Uploaded. Borrower has been at her current address (XXXXX) for 12 months, beginning XXXXX. Verification of Rent included with credit file and uploaded again here for your review. - Seller-07/25/2025 |
Resolved-Received 12 month VOR. - Due Diligence Vendor-07/28/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 37.07 is less than the guideline max of 43. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 730 is more than 20 points higher than the guideline min of 660. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4909347 | ||
| XXXXX | 9221928 | C | A | C | A | A | A | A | A | Closed | FCRE0200 | 2025-07-23 12:43 | 2025-07-25 14:06 | Resolved | 1 - Information | C | A | Credit | Debt | Missing proof of liability not disclosed on credit report | Resolved-Fraud Report shows Alerts Cleared - documentation if file to Clear Alerts - Due Diligence Vendor-07/25/2025 Open-Fraud report reflect properties borrower owns on pg 245. and were not disclosed in REO on 1003. Letter of explanation provided these were investment and have been sold. Need proof of the properties being sold. There appears to be total of 6 as 1 is a duplicate and 2 are accounted for. one is vacant land and was provide tax cert and the other one sold pg. 171, and 168 is the vacant land which was not listed in REO. - Due Diligence Vendor-07/23/2025 |
Resolved-Fraud Report shows Alerts Cleared - documentation if file to Clear Alerts - Due Diligence Vendor-07/25/2025 |
Months Reserves exceed minimum required - 15.96 months PITIA reserves; 3 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 714; minimum score 680. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4920968 | ||||
| XXXXX | 9221928 | C | A | C | A | A | A | A | A | Closed | FCRE1204 | 2025-07-23 13:41 | 2025-07-25 14:04 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Received Registry Report. - Due Diligence Vendor-07/25/2025 Ready for Review-Document Uploaded. See uploaded Fraud report shows cleared and appraiser registry report. These were included in the original submission. - Seller-07/23/2025 Open-Fraud Report Shows Uncleared Alerts Uncleared alert for Appraiser. - Due Diligence Vendor-07/23/2025 |
Ready for Review-Document Uploaded. See uploaded Fraud report shows cleared and appraiser registry report. These were included in the original submission. - Seller-07/23/2025 |
Resolved-Received Registry Report. - Due Diligence Vendor-07/25/2025 |
Months Reserves exceed minimum required - 15.96 months PITIA reserves; 3 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 714; minimum score 680. |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4922121 | ||
| XXXXX | 9221928 | C | A | C | A | A | A | A | A | Closed | FCRE1203 | 2025-07-23 13:41 | 2025-07-25 14:04 | Resolved | 1 - Information | C | A | Credit | Eligibility | Potential Fraud Reflected on Fraud Report | Resolved-Potential Fraud Reflected on Fraud Report is Resolved or None Exists - Due Diligence Vendor-07/25/2025 Open-Potential Fraud Reflected on Fraud Report Potential undisclosed REO properties that were not listed on REO. 6 of them. - Due Diligence Vendor-07/23/2025 |
Resolved-Potential Fraud Reflected on Fraud Report is Resolved or None Exists - Due Diligence Vendor-07/25/2025 |
Months Reserves exceed minimum required - 15.96 months PITIA reserves; 3 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 714; minimum score 680. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4922122 | ||||
| XXXXX | 9221928 | C | A | C | A | A | A | A | A | Closed | FCRE1254 | 2025-07-23 12:59 | 2025-07-25 14:03 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Email from Title in file that #1-#5-#6-#7-#8 will be removed from final policy - Due Diligence Vendor-07/25/2025 Open-Property Title Issue- There are 2 judgements against Borrower Schedule B part 1 #7 & #8. that needs to be cleared. email from Title this will be removed on final policy. - Due Diligence Vendor-07/23/2025 |
Resolved-Email from Title in file that #1-#5-#6-#7-#8 will be removed from final policy - Due Diligence Vendor-07/25/2025 |
Months Reserves exceed minimum required - 15.96 months PITIA reserves; 3 months reserves required. Qualifying FICO score is at least 20 points above minimum for program - Qualifying score 714; minimum score 680. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4921241 | ||||
| XXXXX | 9222036 | C | A | C | A | A | A | A | A | Closed | FCRE0045 | 2025-07-24 11:26 | 2025-07-29 10:18 | Resolved | 1 - Information | C | A | Credit | Eligibility | Foreign National/Non Perm resident alien but ACH form is not in file | Resolved-Upon further review, the loan file contained all required asset documentation. - Due Diligence Vendor-07/29/2025 Ready for Review-Document Uploaded. Borrower is not a Foreign National, borrower is a Non-Permanent Resident Alien per the Final 1003, EAD, & work only SSN in file. Per guidelines, ACH is not required for non-permanent resident aliens. Please clear. - Seller-07/28/2025 Open-Foreign National but the ACH form is Missing from file. Borrower is a non permanent resident alien and the ACH form was not identified in the file. - Due Diligence Vendor-07/24/2025 |
Ready for Review-Document Uploaded. Borrower is not a Foreign National, borrower is a Non-Permanent Resident Alien per the Final 1003, EAD, & work only SSN in file. Per guidelines, ACH is not required for non-permanent resident aliens. Please clear. - Seller-07/28/2025 |
Resolved-Upon further review, the loan file contained all required asset documentation. - Due Diligence Vendor-07/29/2025 |
Qualifying DTI below maximum allowed - 45% allowed, subject 27.55%. Qualifying FICO score is at least 20 points above minimum for program - 660 fico required, subject 699 |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 4933843 | ||
| XXXXX | 9222107 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2025-07-24 08:36 | 2025-07-28 13:00 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-Received mortgage statement confirming escrowed. - Due Diligence Vendor-07/28/2025 Ready for Review-Document Uploaded. Submitted Primary Residence Mortgage Statement.pdf - Seller-07/28/2025 Open-Verification of the primary residence escrow status, principal, interest, tax and insurance was not identified in the file. - Due Diligence Vendor-07/24/2025 |
Ready for Review-Document Uploaded. Submitted Primary Residence Mortgage Statement.pdf - Seller-07/28/2025 |
Resolved-Received mortgage statement confirming escrowed. - Due Diligence Vendor-07/28/2025 |
Long term residence - 6.5 years at residence. Qualifying DTI below maximum allowed - 50% allowed, subject 33.36% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4930278 | ||
| XXXXX | 9222107 | D | A | D | A | A | A | A | A | Closed | FCRE1180 | 2025-07-24 08:24 | 2025-07-28 12:57 | Resolved | 1 - Information | D | A | Credit | Missing Doc | HO-6 Insurance Policy is Missing | Resolved-Received HO6 policy. - Due Diligence Vendor-07/28/2025 Ready for Review-Document Uploaded. H06 policy was included with credit file (see page beginning 674.. also uploaded here for your review.. - Seller-07/25/2025 Open-HO-6 Insurance Policy is Missing The HO-6 policy was not identified in the file. - Due Diligence Vendor-07/24/2025 |
Ready for Review-Document Uploaded. H06 policy was included with credit file (see page beginning 674.. also uploaded here for your review.. - Seller-07/25/2025 |
Resolved-Received HO6 policy. - Due Diligence Vendor-07/28/2025 |
Long term residence - 6.5 years at residence. Qualifying DTI below maximum allowed - 50% allowed, subject 33.36% |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | N/A | N/A | 4930150 | ||
| XXXXX | 9222076 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | |||||||||||||||||||
| XXXXX | 9222184 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA | |||||||||||||||||||
| XXXXX | 9222014 | C | A | C | A | A | A | A | A | Closed | FCRE1151 | 2025-07-26 16:28 | 2025-07-28 17:12 | Resolved | 1 - Information | C | A | Credit | Title | Satisfactory Chain of Title not Provided | Resolved-Reviewed documents in file. Satisfactory Chain of Title has been provided - Pg 632 - Due Diligence Vendor-07/28/2025 Open-Unsatisfactory Chain of Title provided. Missing 24 Month Chain of Title - Due Diligence Vendor-07/26/2025 |
Resolved-Reviewed documents in file. Satisfactory Chain of Title has been provided - Pg 632 - Due Diligence Vendor-07/28/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Thee Borrowers FICO score is 681; 660 minimum. Months Reserves exceed minimum required - The Borrower has 14 months in reserves; 0 months required by guidelines. |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4958213 | ||||
| XXXXX | 9222041 | C | A | A | A | C | A | A | A | Closed | finding-3652 | 2025-07-25 06:20 | 2025-08-04 07:24 | Resolved | 1 - Information | C | A | Compliance | TRID | Lender Credits That Cannot Decrease Test | Resolved-Received COC 7/15/2025. Finding resolved. - Due Diligence Vendor-08/04/2025 Ready for Review-Document Uploaded. - Seller-07/31/2025 Counter-----Received PCCD XXXXX with lender credit of $1,210.93. whereas prior lender credit is $1,215.99. Provide PCCD with additional credit of $5.06. - Due Diligence Vendor-07/31/2025 Counter-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($1,210.93) does not exceed or equal the comparable sum of specific and non-specific lender credits ($1,216.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). - Due Diligence Vendor-07/31/2025 Ready for Review-Document Uploaded. PCCD uploaded - Seller-07/30/2025 Open-This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) )The loan contains charges that exceed the good faith determination according to §1026.19(e)(3)(i). The final sum of specific and non-specific lender credits ($0.00) does not exceed or equal the comparable sum of specific and non-specific lender credits ($1,216.00). Please see the table that displays the Charges That Cannot Increase for a comparison of the data between the provided disclosures.An estimated closing cost disclosed pursuant to §1026.19(e) is in good faith if the charge paid by or imposed on the consumer does not exceed the amount originally disclosed under §1026.19(e)(1)(i). -----Lender credit decreased from $1216 to $0 without a valid COC in file. Provide a COC for decrease OR evidence of refund to borrower or principal reduction in the amount of $1216.00, post-close CD, LOE and evidence of delivery to borrower within 60 days of consummation date. Reduction in Lender credits must be directly related to fees and must offset closing cost equally. Statute of Limitations 3 years- Expiration date is XXXXX. - Due Diligence Vendor-07/25/2025 |
Ready for Review-Document Uploaded. - Seller-07/31/2025 Ready for Review-Document Uploaded. PCCD uploaded - Seller-07/30/2025 |
Resolved-Received COC XXXXX. Finding resolved. - Due Diligence Vendor-08/04/2025 |
LTV is less than guideline maximum - 80% allowed, subject 73.96% Qualifying FICO score is at least 20 points above minimum for program - 660 required, subject 710 |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4943785 | ||
| XXXXX | 9222074 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | |||||||||||||||||||
| XXXXX | 9221973 | D | A | D | A | A | A | A | A | Closed | FCRE5782 | 2025-07-28 11:20 | 2025-07-29 10:24 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Received UDM. - Due Diligence Vendor-07/29/2025 Ready for Review-Document Uploaded. Please see uploaded UDN. - Seller-07/28/2025 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-07/28/2025 |
Ready for Review-Document Uploaded. Please see uploaded UDN. - Seller-07/28/2025 |
Resolved-Received UDM. - Due Diligence Vendor-07/29/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 35.49 is less than the guideline max of 50. LTV is less than guideline maximum - Qualifying LTV 67.56 is less than the guideline max of 70. |
XXXXX | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Refinance | Cash Out - Other | N/A | N/A | 4965624 | ||
| XXXXX | 9221964 | C | A | C | A | A | A | A | A | Closed | FCRE1198 | 2025-07-28 14:41 | 2025-07-31 11:30 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Received photo ID confirming ownership in business account-sufficient funds verified. - Due Diligence Vendor-07/31/2025 Ready for Review-Document Uploaded. The proof of ownership percentage is in the file with the assets. The borrower has 100% access due to the resignation of the other partner. Borrower full name per id is XXXXX Daniels…borrower goes by XXXXX which is on the operating agreement. - Seller-07/29/2025 Open-Audited Reserves of 4.78 month(s) are less than Guideline Required Reserves of 6 month(s) Based on review, account in file cannot be used since borrower has no ownership. - Due Diligence Vendor-07/28/2025 |
Ready for Review-Document Uploaded. The proof of ownership percentage is in the file with the assets. The borrower has 100% access due to the resignation of the other partner. Borrower full name per id is XXXXX Daniels…borrower goes by XXXXX which is on the operating agreement. - Seller-07/29/2025 |
Resolved-Received photo ID confirming ownership in business account-sufficient funds verified. - Due Diligence Vendor-07/31/2025 |
LTV is less than guideline maximum - Qualifying LTV 57.64 is less than the guideline max of 70 DSCR % greater than 1.20 - Qualifying DSCR is 1.287. |
XXXXX | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | Cash Out - Other | N/A | N/A | 4969568 | ||
| XXXXX | 9222043 | C | B | C | B | A | A | A | A | Closed | FCRE3599 | 2025-07-29 13:31 | 2025-07-29 15:50 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Borrower owns more financed properties than allowed per guidelines | Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-07/29/2025 Open-EXCEPTION in file for more than 4 loans funded - Due Diligence Vendor-07/29/2025 |
Waived-Originator exception granted, waiver applied with comp factors. Deemed non-material as client will allow - Due Diligence Vendor-07/29/2025 |
Months Reserves exceed minimum required - 30.55 months available vs. 6 required. Qualifying FICO score is at least 20 points above minimum for program - 758 vs. min FICO 700 |
758 FICO Experienced investor |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Purchase | NA | Originator Post-Close | Yes | 4982743 | |||
| XXXXX | 9221989 | A | A | A | A | A | A | A | A | A | A | ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | |||||||||||||||||||
| XXXXX | 9222156 | D | A | D | A | A | A | A | A | Closed | FCRE7497 | 2025-07-29 13:40 | 2025-07-30 17:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing verification of taxes, insurance, and/or HOA fees for non-subject property | Resolved-After further review, the lender advised that this loan has not yet closed. Qualified under prior terms. - Due Diligence Vendor-07/30/2025 Open-Missing documentation to support the expense for recently refinanced property 3b. - Due Diligence Vendor-07/29/2025 |
Resolved-After further review, the lender advised that this loan has not yet closed. Qualified under prior terms. - Due Diligence Vendor-07/30/2025 |
Qualifying DTI below maximum allowed - Qualifying DTI 36.29 is less than the guideline max of 50. Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 680 is 20 points higher than the guideline min of 660. |
ATR/QM: Exempt | ATR/QM: Exempt | XXXXX | XX | Investment | Refinance | No Cash Out - Borrower Initiated | N/A | N/A | 4982969 | ||||
| XXXXX | 9221951 | D | A | D | A | A | A | A | A | Closed | FCRE1503 | 2025-07-31 14:36 | 2025-08-04 11:16 | Resolved | 1 - Information | C | A | Credit | QM-ATR | ATR: The Lender did not document all ATR Factors | Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Due Diligence Vendor-08/04/2025 Ready for Review-See uploaded complete bank statements acct XXXXX for JAN, FEB, MARCH & MAY of 2025 - Seller-07/31/2025 Open-ATR: The Lender did not document all ATR Factors Pages are missing from the following months bank statements: Jan, Feb, March, and May 2025. XXXXX-Income to be re-evaluated once missing pages are provided - Due Diligence Vendor-07/31/2025 |
Ready for Review-See uploaded complete bank statements acct XXXXX for JAN, FEB, MARCH & MAY of 2025 - Seller-07/31/2025 |
Resolved-ATR: The Lender documented all ATR Factors or Not Applicable - Due Diligence Vendor-08/04/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 649 is more than 20 points higher than the guideline min of 620. Months Reserves exceed minimum required - 42 months > 6 months provided |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 5012001 | |||
| XXXXX | 9221951 | D | A | D | A | A | A | A | A | Closed | FCRE1506 | 2025-07-31 14:36 | 2025-08-04 11:16 | Resolved | 1 - Information | C | A | Credit | QM-ATR | Invalid Final QM Status - ATR/QM: Status Pending | Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-08/04/2025 Ready for Review-Please see completed bank statements acct. XXXXX for JAN, FEB, MARCH & MAY of 2025 - Seller-07/31/2025 Open-The Final Reviewed QM Status is 'ATR/QM: Status Pending' on a non-Business Purpose loan. Pages are missing from the following months bank statements: Jan, Feb, March, and May 2025. XXXXX-Income to be re-evaluated once missing pages are provided - Due Diligence Vendor-07/31/2025 |
Ready for Review-Please see completed bank statements acct. XXXXX for JAN, FEB, MARCH & MAY of 2025 - Seller-07/31/2025 |
Resolved-The Final Reviewed QM Status is acceptable or the loan is a Business Purpose loan. - Due Diligence Vendor-08/04/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 649 is more than 20 points higher than the guideline min of 620. Months Reserves exceed minimum required - 42 months > 6 months provided |
Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 5012002 | |||
| XXXXX | 9221951 | D | A | D | A | A | A | A | A | Closed | FCRE1342 | 2025-07-31 13:07 | 2025-08-04 11:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Business Bank Statements Missing | Resolved-Received all pages of business bank statements. - Due Diligence Vendor-08/04/2025 Ready for Review-Document Uploaded. Please see complete bank statements for JAN, FEB, MARCH & MAY of 2025 - Seller-07/31/2025 Open-Borrower 1 Business Bank Statements Missing Pages are missing from the following months bank statements: Jan, Feb, March, and May 2025. XXXXX-Income to be re-evaluated once missing pages are provided - Due Diligence Vendor-07/31/2025 |
Ready for Review-Document Uploaded. Please see complete bank statements for JAN, FEB, MARCH & MAY of 2025 - Seller-07/31/2025 |
Resolved-Received all pages of business bank statements. - Due Diligence Vendor-08/04/2025 |
Qualifying FICO score is at least 20 points above minimum for program - Qualifying FICO 649 is more than 20 points higher than the guideline min of 620. Months Reserves exceed minimum required - 42 months > 6 months provided |
XXXXX | Non-QM: Lender documented all ATR UW factors | Non-QM: Lender documented all ATR UW factors | XXXXX | XX | Primary Residence | Purchase | NA | N/A | N/A | 5010050 | ||
| XXXXX | 9222093 | A | A | A | A | A | A | A | A | A | A | QM: Safe Harbor APOR (APOR SH) | QM: Safe Harbor APOR (APOR SH) | XXXXX | XX | Primary Residence | Purchase | NA |