MORGAN STANLEY CAPITAL I INC. ABS-15G
Exhibit 99.7 - Schedule 4
| Seller | Loan ID | Seller Loan ID | Investor Loan ID | Queue | Created Date | Last Modified Date | Finding Status | Event Level | Initial Finding Grade | Current/Final Finding Grade | Finding Category | Finding Sub Category | Finding Name | Reviewer Comments | Seller Comments | Finding Resolution | Finding Document | Reviewer Comp Factors | Originator Comp Factors | State | Occupancy | Loan Purpose | Refinance Purpose | Unique Finding ID | Acknowledged / Waived By | Waiver in File? |
| XXXX | XXXX | 8082746 | Closed | 2024-05-29 05:33 | 2024-06-28 17:04 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved- - Due Diligence Vendor-06/28/2024 Resolved-Lender rebuttal indicating no claims filed between closing and effective date of hazard policy. Servicing notes provided for confirmation. - Due Diligence Vendor-06/14/2024 Counter-Missing evidence of hazard insurance with an effective date at the closing of the mortgage loan or attestation of lender blanket coverage between loan closing and effective date of insurance binder. - Due Diligence Vendor-06/14/2024 Ready for Review-there have been no insurance claims on the property, and therefore the effective date of the insurance should be accepted - Seller-06/11/2024 Counter-The servicing notes have been received and reviewed. Additionally, kindly advise to this request to provide an exception approval form for our records - Due Diligence Vendor-06/07/2024 Ready for Review-Document Uploaded. Please review our servicing notes showing that no claims were or have been filed on the property - please accept as exception since we cannot ask for updated effective dates to the Insurance policy - Seller-06/06/2024 Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX Hazard Insurance Effective Date of XXXX is after the disbursement date of XXXX - Due Diligence Vendor-05/29/2024 |
Ready for Review-there have been no insurance claims on the property, and therefore the effective date of the insurance should be accepted - Seller-06/11/2024 Ready for Review-Document Uploaded. Please review our servicing notes showing that no claims were or have been filed on the property - please accept as exception since we cannot ask for updated effective dates to the Insurance policy - Seller-06/06/2024 |
Resolved-Lender rebuttal indicating no claims filed between closing and effective date of hazard policy. Servicing notes provided for confirmation. - Due Diligence Vendor-06/14/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1749377 | N/A | N/A | |||
| XXXX | XXXX | 8082746 | Closed | 2024-05-29 05:53 | 2024-06-28 14:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-06/28/2024 Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-06/28/2024 Resolved-FraudGuard provided by investor. - Due Diligence Vendor-06/25/2024 Ready for Review-FraudGuard provided by investor. - Due Diligence Vendor-06/25/2024 Open-Missing Third Party Fraud Report Request to provide Third Party Fraud Report, Missing in File - Due Diligence Vendor-05/29/2024 |
Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-06/28/2024 Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-06/28/2024 Resolved-FraudGuard provided by investor. - Due Diligence Vendor-06/25/2024 |
XXXX | Investment | Purchase | NA | 1749409 | N/A | N/A | |||||
| XXXX | XXXX | 8082746 | Closed | 2024-05-29 05:50 | 2024-06-28 14:35 | Resolved | 1 - Information | D | A | Credit | Missing Doc | AUS Partially Provided | Resolved-AUS is fully present - Due Diligence Vendor-06/28/2024 Resolved-Resolved- Updated Supportive document AUS (LPA) Full document. - Due Diligence Vendor-06/04/2024 Ready for Review-Document Uploaded. - Seller-06/03/2024 Open-AUS Partially Provided The provided Final AUS (submission 11) contains the first page of the document Request to provide the full Freddie-LPA document - Due Diligence Vendor-05/29/2024 |
Ready for Review-Document Uploaded. - Seller-06/03/2024 |
Resolved-AUS is fully present - Due Diligence Vendor-06/28/2024 Resolved-Resolved- Updated Supportive document AUS (LPA) Full document. - Due Diligence Vendor-06/04/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1749404 | N/A | N/A | |||
| XXXX | XXXX | 8082746 | Closed | 2024-06-03 15:01 | 2024-06-18 13:14 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing Required for Securitizations | Resolved-CDA within 10% tolerance provided. - Due Diligence Vendor-06/18/2024 Ready for Review-Document Uploaded. CDA Provided. - Due Diligence Vendor-06/18/2024 Open-No Secondary Value or Additional Review Products have been selected, which are required for securitization. Missing 3rd party valuation product. Loan approved LP and not eligible for Collateral Rep & Warrant Relief. - Due Diligence Vendor-06/03/2024 |
Resolved-CDA within 10% tolerance provided. - Due Diligence Vendor-06/18/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1775665 | N/A | N/A | ||||
| XXXX | XXXX | 8082746 | Closed | 2024-05-29 15:22 | 2024-06-04 18:49 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-Updated URLA provided evidencing borrowers' income. Resolved - Due Diligence Vendor-06/04/2024 Resolved-The Final 1003 is Present - Due Diligence Vendor-06/04/2024 Open-The Final 1003 is Incomplete Request to provide executed URLA including borrower 1 and borrower 2's income - Due Diligence Vendor-06/04/2024 Ready for Review-Document Uploaded. - Seller-06/03/2024 |
Ready for Review-Document Uploaded. - Seller-06/03/2024 |
Resolved-Updated URLA provided evidencing borrowers' income. Resolved - Due Diligence Vendor-06/04/2024 Resolved-The Final 1003 is Present - Due Diligence Vendor-06/04/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1751652 | N/A | N/A | |||
| XXXX | XXXX | 8082746 | Closed | 2024-05-29 04:43 | 2024-05-31 07:40 | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-Resolved- updated supportive document 1008 - Due Diligence Vendor-05/31/2024 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-05/31/2024 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-05/31/2024 Ready for Review-Document Uploaded. - Seller-05/30/2024 Open-The 1008 document is missing from the loan file. Request to provide 1008 document, Missing in File - Due Diligence Vendor-05/29/2024 |
Ready for Review-Document Uploaded. - Seller-05/30/2024 |
Resolved-Resolved- updated supportive document 1008 - Due Diligence Vendor-05/31/2024 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-05/31/2024 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-05/31/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1749313 | N/A | N/A | |||
| XXXX | XXXX | 8082848 | Closed | 2024-05-21 06:35 | 2024-06-27 15:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-FraudGuard reviewed. - Due Diligence Vendor-06/27/2024 Ready for Review-FraudGuard provided by investor. - Due Diligence Vendor-06/27/2024 Open-Missing Third Party Fraud Report Request to provide Third Party Fraud Report, Missing in File - Due Diligence Vendor-05/21/2024 |
Resolved-FraudGuard reviewed. - Due Diligence Vendor-06/27/2024 |
XXXX | Investment | Purchase | NA | 1712207 | N/A | N/A | |||||
| XXXX | XXXX | 8082848 | Closed | 2024-05-21 06:02 | 2024-06-18 09:51 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing Required for Securitizations | Resolved-Resolved- Updated Supportive Document from File uploads Secondary valuation CDA report as a Desk Review and waterfall as Review Product -1. - Due Diligence Vendor-06/18/2024 Ready for Review-CDA ordered by investor received from Vendor - Due Diligence Vendor-06/17/2024 Open-No Secondary Value or Additional Review Products have been selected, which are required for securitization. In provided Fannie Mae SSR report analysis was not performed & No CU score is present, Request to provide updated Second Appraisal/ Valuation. - Due Diligence Vendor-05/21/2024 |
Resolved-Resolved- Updated Supportive Document from File uploads Secondary valuation CDA report as a Desk Review and waterfall as Review Product -1. - Due Diligence Vendor-06/18/2024 |
XXXX | Investment | Purchase | NA | 1712135 | N/A | N/A | |||||
| XXXX | XXXX | 8082848 | Closed | 2024-05-21 23:53 | 2024-06-04 06:56 | Resolved | 1 - Information | C | A | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Resolved- As per Lease agreement shows 12 months term (XXXX) and additional two cancel cheques provided. - Due Diligence Vendor-06/04/2024 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-06/04/2024 Ready for Review-Document Uploaded. Per DU item #10: rent can be verified by a copy of a current fully executed lease agreement and two months cancelled checks. Please see attached lease agreement - Seller-06/03/2024 Open-Housing History Does Not Meet Guideline Requirements Please advise, 2 months of rent provided, initial 1003 lists borrower has been renting for the past 6 months - Due Diligence Vendor-05/21/2024 |
Ready for Review-Document Uploaded. Per DU item #10: rent can be verified by a copy of a current fully executed lease agreement and two months cancelled checks. Please see attached lease agreement - Seller-06/03/2024 |
Resolved-Resolved- As per Lease agreement shows 12 months term (XXXX) and additional two cancel cheques provided. - Due Diligence Vendor-06/04/2024 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-06/04/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1718728 | N/A | N/A | |||
| XXXX | XXXX | 8082848 | Closed | 2024-05-21 04:44 | 2024-05-31 11:19 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Deed of Trust is Missing | Resolved-Updated DOT - Due Diligence Vendor-05/31/2024 Ready for Review-Document Uploaded. - Seller-05/30/2024 Counter-This is the 1008. Need the Deed of Trust. - Due Diligence Vendor-05/30/2024 Ready for Review-Document Uploaded. - Seller-05/29/2024 Open-The Deed of Trust is Missing Request to provide Deed of Trust, Missing in File - Due Diligence Vendor-05/21/2024 |
Ready for Review-Document Uploaded. - Seller-05/30/2024 Ready for Review-Document Uploaded. - Seller-05/29/2024 |
Resolved-Updated DOT - Due Diligence Vendor-05/31/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1711962 | N/A | N/A | |||
| XXXX | XXXX | 8082848 | Closed | 2024-05-21 06:54 | 2024-05-30 13:30 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | TRID: Missing Closing Disclosure | Resolved-TRID: Final Closing Disclosure Provided - Due Diligence Vendor-05/30/2024 Ready for Review-Document Uploaded. - Seller-05/29/2024 Open-TRID: Missing Final Closing Disclosure Request to provide Final Closing Disclosure, Missing in File - Due Diligence Vendor-05/21/2024 |
Ready for Review-Document Uploaded. - Seller-05/29/2024 |
Resolved-TRID: Final Closing Disclosure Provided - Due Diligence Vendor-05/30/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1712253 | N/A | N/A | |||
| XXXX | XXXX | 8082848 | Closed | 2024-05-21 11:38 | 2024-05-30 11:06 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Escrow Waiver is Missing | Resolved-Updated disclosure page. - Due Diligence Vendor-05/30/2024 Ready for Review-Document Uploaded. - Seller-05/29/2024 Open-Request to provide Escrow Waiver, Missing in File - Due Diligence Vendor-05/21/2024 |
Ready for Review-Document Uploaded. - Seller-05/29/2024 |
Resolved-Updated disclosure page. - Due Diligence Vendor-05/30/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1712779 | N/A | N/A | |||
| XXXX | XXXX | 8082848 | Closed | 2024-05-21 04:42 | 2024-05-30 08:25 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Note is Missing | Resolved-Resolved- Updated supportive document Note. - Due Diligence Vendor-05/30/2024 Resolved-The Note is Present - Due Diligence Vendor-05/30/2024 Ready for Review-Document Uploaded. - Seller-05/29/2024 Open-The Note is Missing Request to provide Note document, Missing in File - Due Diligence Vendor-05/21/2024 |
Ready for Review-Document Uploaded. - Seller-05/29/2024 |
Resolved-Resolved- Updated supportive document Note. - Due Diligence Vendor-05/30/2024 Resolved-The Note is Present - Due Diligence Vendor-05/30/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1711958 | N/A | N/A | |||
| XXXX | XXXX | 8082848 | Closed | 2024-05-21 04:33 | 2024-05-30 08:23 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Missing | Resolved-Resolved- Updated supportive document final 1003. - Due Diligence Vendor-05/30/2024 Resolved-The Final 1003 is Present - Due Diligence Vendor-05/30/2024 Ready for Review-Document Uploaded. - Seller-05/29/2024 Open-The Final 1003 is Missing Request to provide final 1003, Missing in File - Due Diligence Vendor-05/21/2024 |
Ready for Review-Document Uploaded. - Seller-05/29/2024 |
Resolved-Resolved- Updated supportive document final 1003. - Due Diligence Vendor-05/30/2024 Resolved-The Final 1003 is Present - Due Diligence Vendor-05/30/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1711941 | N/A | N/A | |||
| XXXX | XXXX | 8082848 | Closed | 2024-05-21 04:40 | 2024-05-30 08:23 | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-Resolved- Updated supportive document 1008 - Due Diligence Vendor-05/30/2024 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-05/30/2024 Ready for Review-Document Uploaded. - Seller-05/29/2024 Open-The 1008 document is missing from the loan file. Request to provide 1008 document, Missing in File - Due Diligence Vendor-05/21/2024 |
Ready for Review-Document Uploaded. - Seller-05/29/2024 |
Resolved-Resolved- Updated supportive document 1008 - Due Diligence Vendor-05/30/2024 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-05/30/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1711953 | N/A | N/A | |||
| XXXX | XXXX | 8082848 | Closed | 2024-05-21 08:20 | 2024-05-30 08:22 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Business Purpose Affidavit is Missing | Resolved-The Business Purpose Affidavit is present or Not Applicable (1008 Page Loan Type is Conventional.) - Due Diligence Vendor-05/30/2024 Open-Request to provide Business Purpose Affidavit, Missing in File - Due Diligence Vendor-05/21/2024 |
Resolved-The Business Purpose Affidavit is present or Not Applicable (1008 Page Loan Type is Conventional.) - Due Diligence Vendor-05/30/2024 |
XXXX | Investment | Purchase | NA | 1712387 | N/A | N/A | |||||
| XXXX | XXXX | 8082445 | Closed | 2024-05-21 10:42 | 2024-06-27 15:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-XXXX reviewed. - Due Diligence Vendor-06/27/2024 Ready for Review-FraudGuard provided by investor. - Due Diligence Vendor-06/27/2024 Open-Missing Third Party Fraud Report PLease provide fraud report - Due Diligence Vendor-05/21/2024 |
Resolved-XXXX reviewed. - Due Diligence Vendor-06/27/2024 |
XXXX | Investment | Purchase | NA | 1712640 | N/A | N/A | |||||
| XXXX | XXXX | 8082445 | Closed | 2024-05-21 09:54 | 2024-06-18 14:01 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing Required for Securitizations | Resolved-CDA within 10% tolerance provided. - Due Diligence Vendor-06/18/2024 Ready for Review-Document Uploaded. CDA provided - Due Diligence Vendor-06/18/2024 Open-No Secondary Value or Additional Review Products have been selected, which are required for securitization. Secondary Valuation is missing from file. - Due Diligence Vendor-05/21/2024 |
Resolved-CDA within 10% tolerance provided. - Due Diligence Vendor-06/18/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1712525 | N/A | N/A | ||||
| XXXX | XXXX | 8082445 | Closed | 2024-05-21 10:53 | 2024-06-03 09:47 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Resolved-Updated supportive document Penny mac Tax calculation Sheet, Monthly Tax fee $232.30. - Due Diligence Vendor-06/03/2024 Resolved-Evidence of Property Tax is present - Due Diligence Vendor-06/03/2024 Ready for Review-Document Uploaded. - Seller-05/31/2024 Open-Missing Evidence of Property Tax Tax amount discrepancy: As per tax letter on page#287 2024 taxes are $1004..01/12 = $83.66 per month. As per 2023 tax invoice $XXXX/12 = $XXXX per month whereas DU & Final CD reflects tax amount of $XXXX per month. Documentation validating Tax amount escrowed missing from file. - Due Diligence Vendor-05/21/2024 |
Ready for Review-Document Uploaded. - Seller-05/31/2024 |
Resolved-Resolved-Updated supportive document Penny mac Tax calculation Sheet, Monthly Tax fee $XXXX. - Due Diligence Vendor-06/03/2024 Resolved-Evidence of Property Tax is present - Due Diligence Vendor-06/03/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1712676 | N/A | N/A | |||
| XXXX | XXXX | 8082735 | Closed | 2024-05-22 19:28 | 2024-06-27 15:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-XXXX reviewed. - Due Diligence Vendor-06/27/2024 Ready for Review-FraudGuard provided by investor. - Due Diligence Vendor-06/27/2024 Open-Missing Third Party Fraud Report Fraud report is missing in file. - Due Diligence Vendor-05/22/2024 |
Resolved-XXXX reviewed. - Due Diligence Vendor-06/27/2024 |
XXXX | Investment | Purchase | NA | 1723443 | N/A | N/A | |||||
| XXXX | XXXX | 8082504 | Closed | 2024-05-24 14:40 | 2024-06-04 19:45 | Resolved | 1 - Information | C | A | Compliance | Disclosure | Missing Intent to Proceed | Resolved-Document Uploaded. The intent to proceed is within a 7 page disclosure - Please see page 5-6 - Due Diligence Vendor-06/04/2024 Ready for Review-Document Uploaded. The intent to proceed is within a 7 page disclosure - Please see page 5-6 - Seller-05/31/2024 Open-Missing Signed Intent to Proceed Disclosure. Required on Primary Residence and Second Homes. Missing Signed Intent to Proceed - Due Diligence Vendor-05/24/2024 |
Ready for Review-Document Uploaded. The intent to proceed is within a 7 page disclosure - Please see page 5-6 - Seller-05/31/2024 |
Resolved-Document Uploaded. The intent to proceed is within a 7 page disclosure - Please see page 5-6 - Due Diligence Vendor-06/04/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1734332 | N/A | N/A | |||
| XXXX | XXXX | 8082603 | Closed | 2024-05-23 20:00 | 2024-06-27 15:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-XXXX reviewed. - Due Diligence Vendor-06/27/2024 Ready for Review-FraudGuard provided by investor. - Due Diligence Vendor-06/27/2024 Open-Missing Third Party Fraud Report Fraud report is missing from file. - Due Diligence Vendor-05/23/2024 |
Resolved-FraudGuard reviewed. - Due Diligence Vendor-06/27/2024 |
XXXX | Investment | Refinance | Cash Out - Other | 1730125 | N/A | N/A | |||||
| XXXX | XXXX | 8082603 | Closed | 2024-05-25 17:14 | 2024-06-18 17:38 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing Required for Securitizations | Resolved-CDA within 10% tolerance provided. - Due Diligence Vendor-06/18/2024 Ready for Review-Document Uploaded. CDA provided - Due Diligence Vendor-06/18/2024 Open-No Secondary Value or Additional Review Products have been selected, which are required for securitization. Secondary Valuation required for Securitization missing from file. CU provide with Risk Score of 4.8 exceed Max allowable Risk Score of 2.5. - Due Diligence Vendor-05/25/2024 |
Resolved-CDA within 10% tolerance provided. - Due Diligence Vendor-06/18/2024 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 1738886 | N/A | N/A | ||||
| XXXX | XXXX | 8082603 | Closed | 2024-05-25 16:54 | 2024-06-07 06:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Resolved- Updated Supportive document Final CD and IEAD Document with correct Tax Fee. - Due Diligence Vendor-06/07/2024 Resolved-Evidence of Property Tax is present - Due Diligence Vendor-06/07/2024 Ready for Review-Document Uploaded. - Seller-06/06/2024 Open-Missing Evidence of Property Tax Tax Cert/Info pages provided do not calculate to $XXXX per year/$647.44 per month. City Tax of $XXXX does match. County Tax of XXXX/12=XXXX does not match $218.67 value used by UW. - Due Diligence Vendor-05/25/2024 |
Ready for Review-Document Uploaded. - Seller-06/06/2024 |
Resolved-Resolved- Updated Supportive document Final CD and IEAD Document with correct Tax Fee. - Due Diligence Vendor-06/07/2024 Resolved-Evidence of Property Tax is present - Due Diligence Vendor-06/07/2024 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 1738843 | N/A | N/A | |||
| XXXX | XXXX | 8082643 | Closed | 2024-05-27 15:23 | 2024-06-06 08:26 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 3rd Party VOE Prior to Close Missing | Resolved-Resolved- Updated supportive document 3rd Party VOE with in 10 Business Days to closing. - Due Diligence Vendor-06/06/2024 Ready for Review-Document Uploaded. - Seller-06/05/2024 Open-Borrower 2 3rd Party VOE Prior to Close Missing VOE within 10 days of closing not present in file. - Due Diligence Vendor-05/27/2024 |
Ready for Review-Document Uploaded. - Seller-06/05/2024 |
Resolved-Resolved- Updated supportive document 3rd Party VOE with in 10 Business Days to closing. - Due Diligence Vendor-06/06/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1741270 | N/A | N/A | |||
| XXXX | XXXX | 8082506 | Closed | 2024-06-04 08:21 | 2024-06-28 17:17 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved- - Due Diligence Vendor-06/28/2024 Resolved-XXXX reviewed. - Due Diligence Vendor-06/27/2024 Ready for Review-XXXX provided by investor. - Due Diligence Vendor-06/27/2024 Open-Missing Third Party Fraud Report - Due Diligence Vendor-06/04/2024 |
Resolved-XXXX reviewed. - Due Diligence Vendor-06/27/2024 |
XXXX | Investment | Purchase | NA | 1780128 | N/A | N/A | |||||
| XXXX | XXXX | 8082506 | Closed | 2024-06-06 02:25 | 2024-06-18 17:51 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing Required for Securitizations | Resolved-CDA within 10% tolerance provided. - Due Diligence Vendor-06/18/2024 Ready for Review-Document Uploaded. CDA provided - Due Diligence Vendor-06/18/2024 Open-Second Appraisal/ Valuation is Missing Required for Securitizations Missing third party valuation. Loan approved and not eligible for Collateral Rep & Warrant Relief. - Due Diligence Vendor-06/06/2024 |
Resolved-CDA within 10% tolerance provided. - Due Diligence Vendor-06/18/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1792630 | N/A | N/A | ||||
| XXXX | XXXX | 8082720 | Closed | 2024-06-04 09:34 | 2024-06-27 15:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-XXXX reviewed. - Due Diligence Vendor-06/27/2024 Ready for Review-XXXX provided by investor. - Due Diligence Vendor-06/27/2024 Open-Missing Third Party Fraud Report - Due Diligence Vendor-06/04/2024 |
Resolved-XXXX reviewed. - Due Diligence Vendor-06/27/2024 |
XXXX | Investment | Purchase | NA | 1780216 | N/A | N/A | |||||
| XXXX | XXXX | 8082720 | Closed | 2024-06-05 19:12 | 2024-06-12 06:44 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-Resolved- Updated supportive document H1B approval notice showing valid until XXXX. - Due Diligence Vendor-06/12/2024 Ready for Review-The H1B approval notice is located in your imaging PDF - pg 681 - showing valid until XXXX. The loan closed XXXX. This citation is invalid. - Seller-06/11/2024 Open-Borrower work visa is expired Need updated Visa - Due Diligence Vendor-06/05/2024 |
Ready for Review-The H1B approval notice is located in your imaging PDF - pg 681 - showing valid until XXXX. The loan closed XXXX. This citation is invalid. - Seller-06/11/2024 |
Resolved-Resolved- Updated supportive document H1B approval notice showing valid until XXXX. - Due Diligence Vendor-06/12/2024 |
XXXX | Investment | Purchase | NA | 1791002 | N/A | N/A | ||||
| XXXX | XXXX | 8082666 | Closed | 2024-06-28 00:19 | 2024-07-08 12:54 | Resolved | 1 - Information | C | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA | Resolved-FEMA post disaster inspection provided reflecting no damage. - Due Diligence Vendor-07/08/2024 Resolved-Required Document provided, Finding resolved. - Due Diligence Vendor-07/08/2024 Ready for Review-Document Uploaded. - Seller-07/05/2024 Open-Property potentially affected by FEMA Disaster. XXXX - Declared XXXX with Public Assistance: NO and Individual Assistance: YES. Property inspection with exterior photos required. - Due Diligence Vendor-06/28/2024 |
Ready for Review-Document Uploaded. - Seller-07/05/2024 |
Resolved-FEMA post disaster inspection provided reflecting no damage. - Due Diligence Vendor-07/08/2024 Resolved-Required Document provided, Finding resolved. - Due Diligence Vendor-07/08/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1901143 | N/A | N/A | |||
| XXXX | XXXX | 8082666 | Closed | 2024-06-11 06:05 | 2024-06-20 18:17 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-CDA within 10% tolerance provided. - Due Diligence Vendor-06/20/2024 Ready for Review-Document Uploaded. CDA provided - Due Diligence Vendor-06/20/2024 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Missing 3rd party valuation product, loan approved DU and CU score is 3.2. - Due Diligence Vendor-06/11/2024 |
Resolved-CDA within 10% tolerance provided. - Due Diligence Vendor-06/20/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1813483 | N/A | N/A | ||||
| XXXX | XXXX | 8082724 | Closed | 2024-06-05 15:28 | 2024-06-18 10:43 | Resolved | 1 - Information | D | A | Property | Missing Doc | 3rd Party Valuation Product is Required and Missing | Resolved-Updated Supportive Document from File uploads, Secondary valuation CDA report as a Desk Review and waterfall as Review Product -1. - Due Diligence Vendor-06/18/2024 Ready for Review-CDA ordered by investor received from Vendor - Due Diligence Vendor-06/17/2024 Open-Loan approved LP and not eligible for Collateral Rep & Warrant Relief - Due Diligence Vendor-06/05/2024 |
Resolved-Updated Supportive Document from File uploads, Secondary valuation CDA report as a Desk Review and waterfall as Review Product -1. - Due Diligence Vendor-06/18/2024 |
XXXX | Investment | Purchase | NA | 1788989 | N/A | N/A | |||||
| XXXX | XXXX | 8082709 | Closed | 2024-06-03 07:40 | 2024-06-18 18:04 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-CDA within 10% tolerance provided. - Due Diligence Vendor-06/18/2024 Ready for Review-Document Uploaded. CDA provided - Due Diligence Vendor-06/18/2024 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Provided Fannie Mae score is greater than 2.5, Request to provide Second Appraisal / Valuation - Due Diligence Vendor-06/03/2024 |
Resolved-CDA within 10% tolerance provided. - Due Diligence Vendor-06/18/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1773669 | N/A | N/A | ||||
| XXXX | XXXX | 8082813 | Closed | 2024-06-12 05:15 | 2024-06-26 07:43 | Resolved | 1 - Information | C | A | Credit | Insurance | HO6 Insurance Policy Effective Date is after the Note Date | Resolved-Resolved- Loan disbursing on XXXX, Policy provided within the disbursement date. - Due Diligence Vendor-06/26/2024 Ready for Review-The loan did not disburse - when escrow closes and key's change hands - until XXXX. There is no agency guideline that the policy be effective on the Note date, and the policy was effective at the close of escrow and the borrower actually took ownership of the propery. - Seller-06/25/2024 Open-HO-6 Insurance Policy Effective Date of XXXX is after the Note Date of XXXX - Due Diligence Vendor-06/12/2024 |
Ready for Review-The loan did not disburse - when escrow closes and key's change hands - until XXXX. There is no agency guideline that the policy be effective on the Note date, and the policy was effective at the close of escrow and the borrower actually took ownership of the propery. - Seller-06/25/2024 |
Resolved-Resolved- Loan disbursing on XXXX, Policy provided within the disbursement date. - Due Diligence Vendor-06/26/2024 |
XXXX | Investment | Purchase | NA | 1819191 | N/A | N/A | ||||
| XXXX | XXXX | 8082813 | Closed | 2024-06-02 06:19 | 2024-06-18 10:24 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Resolved, Updated Supportive document from File Uploads_XXXX, Secondary Valuation provided is CDA, updated it as Desk Review and Waterfall selected as Review Product 1 - Due Diligence Vendor-06/18/2024 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-06/18/2024 Ready for Review-CDA ordered by investor received from Vendor - Due Diligence Vendor-06/17/2024 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 CU>2.5, Please provide additional Valuation - Due Diligence Vendor-06/02/2024 |
Resolved-Resolved, Updated Supportive document from File Uploads_XXXX, Secondary Valuation provided is CDA, updated it as Desk Review and Waterfall selected as Review Product 1 - Due Diligence Vendor-06/18/2024 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-06/18/2024 |
XXXX | Investment | Purchase | NA | 1772015 | N/A | N/A | |||||
| XXXX | XXXX | 8082813 | Closed | 2024-06-02 06:29 | 2024-06-12 05:16 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Resolved-Resolved- Updated supportive document HO6 Policy document. - Due Diligence Vendor-06/12/2024 Resolved-Hazard Insurance Coverage Amount of $ is equal to or greater than Required Coverage Amount of $XXXX or Guaranteed Replacement Coverage is present (Guaranteed Replacement Coverage indicator is 'No') - Due Diligence Vendor-06/12/2024 Ready for Review-Document Uploaded. Uploaded the Master policy along with HO6 - Seller-06/11/2024 Open-Hazard Insurance Coverage Amount of $XXXX is less than Required Coverage Amount of $XXXX and Guaranteed Replacement Coverage indicator is 'No' Dwelling not covering the RCE/loan amount. Pleaase clarify/provide doc - Due Diligence Vendor-06/02/2024 |
Ready for Review-Document Uploaded. Uploaded the Master policy along with HO6 - Seller-06/11/2024 |
Resolved-Resolved- Updated supportive document HO6 Policy document. - Due Diligence Vendor-06/12/2024 Resolved-Hazard Insurance Coverage Amount of $ is equal to or greater than Required Coverage Amount of $XXXX or Guaranteed Replacement Coverage is present (Guaranteed Replacement Coverage indicator is 'No') - Due Diligence Vendor-06/12/2024 |
XXXX | XXXX | Investment | Purchase | NA | 1772020 | N/A | N/A | |||
| XXXX | XXXX | 9054706 | Closed | 2025-02-14 19:31 | 2025-05-20 14:02 | Resolved | 1 - Information | C | A | Credit | Credit | If the Guarantor is married spouse must approve | Resolved-Spouse signed Disclaimer Deed, resolved. - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. please find attached executed redraw showing borr as married. Disclaimer Deed and guarantee also signed by wife - Seller-05/16/2025 Counter-Application states Borrower is Married however Title Commitment Vesting and Final Title Policy show as Unmarried Man. Requesting Application to show as Unmarried. - Due Diligence Vendor-03/14/2025 Ready for Review-Borrower purchased property prior to Marriage. Documentation in not required. Per XXXX Legal: XXXX has historically not required spousal consent as part of our standard loan procedures. This decision is based on several factors. Historically, we have rarely, if ever, relied on personal guarantees for recovery. Given our historically low enforcement rate, the requirement for a spousal consent does not align with our streamlined lending and risk management strategies. After reviewing applicable regulations with outside counsel, we have determined that spousal consent is not an absolute legal requirement but rather a lender preference to mitigate potential disputes over community property liability. While some states favor spousal consent for enforceability, there is no absolute legal requirement mandating it for a valid personal guarantee. The personal guarantee remains enforceable against the guarantor’s separate property and their share of community assets (subject to state laws). - Seller-03/12/2025 Counter-Application states Borrower is Married however Title Commitment Vesting shows as Unmarried Man. XXXX requires Non-Borrowing Spouse signatures unless document Borrower purchased subject property XXXX prior to marriage. If Borrower is divorced, copy of divorce decree/spousal and/or child support arrangement as applicable. - Due Diligence Vendor-02/21/2025 Ready for Review-Please note that XXXX does not require spouse's consent. - Seller-02/19/2025 Open-Application states Borrower is Married however Title Commitment Vesting shows as Unmarried Man. XXXX requires Non-Borrowing Spouse signatures unless document Borrower purchased subject property XXXX prior to marriage. If Borrower is divorced, copy of divorce decree/spousal and/or child support arrangement as applicable. - Due Diligence Vendor-02/14/2025 |
Ready for Review-Document Uploaded. please find attached executed redraw showing borr as married. Disclaimer Deed and guarantee also signed by wife - Seller-05/16/2025 Ready for Review-Borrower purchased property prior to Marriage. Documentation in not required. Per XXXX Legal: XXXX has historically not required spousal consent as part of our standard loan procedures. This decision is based on several factors. Historically, we have rarely, if ever, relied on personal guarantees for recovery. Given our historically low enforcement rate, the requirement for a spousal consent does not align with our streamlined lending and risk management strategies. After reviewing applicable regulations with outside counsel, we have determined that spousal consent is not an absolute legal requirement but rather a lender preference to mitigate potential disputes over community property liability. While some states favor spousal consent for enforceability, there is no absolute legal requirement mandating it for a valid personal guarantee. The personal guarantee remains enforceable against the guarantor’s separate property and their share of community assets (subject to state laws). - Seller-03/12/2025 Ready for Review-Please note that XXXX does not require spouse's consent. - Seller-02/19/2025 |
Resolved-Spouse signed Disclaimer Deed, resolved. - Due Diligence Vendor-05/20/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 3428062 | N/A | N/A | |||
| XXXX | XXXX | 9054706 | Closed | 2025-02-14 19:59 | 2025-03-19 15:54 | Resolved | 1 - Information | C | A | Credit | Credit | DSCR unknown | Resolved-Proof of Rents provided in Bank Statement XXXX payments, resolved. - Due Diligence Vendor-03/19/2025 Counter-Lease Agreement XXXX $1,800 monthly rent Tenant XXXX and XXXX. XXXX Statement shows XXXX payments for XXXX from a XXXX. Property management company for XXXX Salesperson XXXX. Guidelines XXXX state to use actual monthly rental income borrower to provide 2 most recent months canceled checks or bank statements evidencing receipt of 2 months rental income received prior to the XXXX loan application date. - Due Diligence Vendor-03/17/2025 Ready for Review-Document Uploaded. 3/13/25 - WJ - Please refer to the following uploaded documents: 1. Lease (line 30 which shows the XXXX & line 83 which shows the balance due of $800 2. Proof of rent #1 which has highlighted the payment of $2800 and proof of rent #2 which shows the highlighted payment of $800 3. Property management agreement. Please note that the deposits for rent on the bank statements show they are received from XXXX and reference the subject property address. She works for the property management company and collects the rents - Seller-03/13/2025 Open-Appraiser 1007 Market Rent $1,625. Lease Agreement XXXX $1,800. XXXX statements XXXX and XXXX do not show withdrawals for rent. Guidelines XXXX state to use actual monthly rental income borrower to provide 2 most recent months canceled checks or bank statements evidencing receipt of 2 months rental income received prior to the XXXX loan application date. - Due Diligence Vendor-02/14/2025 |
Ready for Review-Document Uploaded. 3/13/25 - WJ - Please refer to the following uploaded documents: 1. Lease (line 30 which shows the XXXX & line 83 which shows the balance due of $XXXX 2. Proof of rent #1 which has highlighted the payment of $2800 and proof of rent #2 which shows the highlighted payment of $800 3. Property management agreement. Please note that the deposits for rent on the bank statements show they are received from XXXX and reference the subject property address. She works for the property management company and collects the rents - Seller-03/13/2025 |
Resolved-Proof of Rents provided in Bank Statement XXXX payments, resolved. - Due Diligence Vendor-03/19/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 3428370 | N/A | N/A | |||
| XXXX | XXXX | 9054706 | Closed | 2025-02-14 19:42 | 2025-02-25 16:21 | Resolved | 1 - Information | C | A | Property | Property | Property has been listed for sale in the past 12 months | Resolved-LTV 78.24%, within guidelines 10/22/2024. - Due Diligence Vendor-02/25/2025 Ready for Review-Document Uploaded. 2/24/25 - WJ - Uploaded correct sizer which shows LTV based on the listing price of $XXXX - Seller-02/24/2025 Open-1004 and Desk Review completed XXXX states subject property listed for sale XXXX for $XXXX. Guidelines XXXX state for properties listed within 12 months and the appraised value exceeds the lowest list price during the 12 month listing period, that list price will be used to calculate the maximum allowed LTV. To use the appraised value over the list price, written Valuations Department approval will be documented. Requesting written Valuations Department approval. - Due Diligence Vendor-02/14/2025 |
Ready for Review-Document Uploaded. 2/24/25 - WJ - Uploaded correct sizer which shows LTV based on the listing price of $XXXX - Seller-02/24/2025 |
Resolved-LTV 78.24%, within guidelines XXXX. - Due Diligence Vendor-02/25/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 3428226 | N/A | N/A | |||
| XXXX | XXXX | 9054706 | Closed | 2025-02-14 19:09 | 2025-02-21 15:56 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Final Settlement Statement uploaded. - Due Diligence Vendor-02/21/2025 Ready for Review-Document Uploaded. - Seller-02/19/2025 Open-Final HUD-1 Document is Missing. - Due Diligence Vendor-02/14/2025 |
Ready for Review-Document Uploaded. - Seller-02/19/2025 |
Resolved-Final Settlement Statement uploaded. - Due Diligence Vendor-02/21/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 3427867 | N/A | N/A | |||
| XXXX | XXXX | 9054829 | Closed | 2025-02-19 17:52 | 2025-06-02 20:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-03/14/2025 Ready for Review-Document Uploaded. 3/12/25 - WJ - Uploaded passport - Seller-03/12/2025 Counter-Borrower is a Foreign National / ITIN borrower. As per guidelines for a Foreign National / ITIN borrower, Required Documentation: Copy of Valid Passport from country of origin. Copy of Valid US Visa: Individual Taxpayer Identification Number (ITIN). - Due Diligence Vendor-03/03/2025 Ready for Review-Document Uploaded. 2/27/25 - WJ - Please refer to the uploaded guideline which only requires one form of ID - Seller-02/27/2025 Counter-Requesting to provide a copy of the borrowers second form of ID, either a Drivers License or ID card from country of issue. - Due Diligence Vendor-02/25/2025 Ready for Review-Document Uploaded. 2/24/25 - Wj - Uploaded a copy of the borrower's visa. - Seller-02/24/2025 Open-Borrower 1 Non-US Citizen Identification Document Missing. Please provide acceptable documentation. Please provide borrower's Non US Country or Home Country ID proof - Due Diligence Vendor-02/19/2025 |
Ready for Review-Document Uploaded. 3/12/25 - WJ - Uploaded passport - Seller-03/12/2025 Ready for Review-Document Uploaded. 2/27/25 - WJ - Please refer to the uploaded guideline which only requires one form of ID - Seller-02/27/2025 Ready for Review-Document Uploaded. 2/24/25 - Wj - Uploaded a copy of the borrower's visa. - Seller-02/24/2025 |
Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-03/14/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3447923 | N/A | N/A | |||
| XXXX | XXXX | 9054829 | Closed | 2025-03-14 13:35 | 2025-06-02 20:13 | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Borrower per program guidelines | Resolved-Validation Resolved - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. 5/29/25 - WJ - Please refer to the uploaded guideline which states that at the time of signing loan documents in the United States, the visa must be valid. The note date is XXXX and the funding date was XXXX; the visa expired on XXXX. Therefore, the visa was valid at the time the docs were signed. Nothing more is required. - Seller-05/29/2025 Counter-As per guidelines dated XXXX, pdf page 27, requirements for a Foreign National are Copy of Valid US Visa. The attached Visa is expired. Requesting updated Visa or Exception. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. 5/23/25 - WJ - Uploaded current passport - Seller-05/23/2025 Counter-The updated Passport attached is a blank page. Requesting to please provide updated Passport. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. 5/20/25 - WJ - Uploaded valid passport. - Seller-05/20/2025 Counter-As per guidelines dated XXXX, pdf page 27, requirements for a Foreign National are Copy of Valid Passport from country of origin, Copy of Valid US Visa. The attached Passport and Visa are expired. Requesting updated Passport and Visa or Exception. - Due Diligence Vendor-03/28/2025 Ready for Review-Document Uploaded. 3/26/25 - WJ - Uploaded the following to support borrowers' foreign national status: Visa (expired prior to funding), passport, ITIN, application from Lending Wise which shows a foreign primary address. Please note that currently XXXX does not require a final signed application - Seller-03/26/2025 Open-Borrower Type ineligible per program guidelines. As per guidelines XXXX page 26 and 27 of 84, a Non-Permanent Resident is valid with a Copy of Work Visa, or Copy of Passport and Arrival/Departure Record (Form I-94 or I-94W). The Arrival/Departure Record (Form I-94 or I-94W) is missing from file. There is also an ITIN letter provided which falls under the Foreign National guidelines, however the borrower has a US address. - Due Diligence Vendor-03/14/2025 |
Ready for Review-Document Uploaded. 5/29/25 - WJ - Please refer to the uploaded guideline which states that at the time of signing loan documents in the United States, the visa must be valid. The note date is XXXX and the funding date was XXXX; the visa expired on XXXX. Therefore, the visa was valid at the time the docs were signed. Nothing more is required. - Seller-05/29/2025 Ready for Review-Document Uploaded. 5/23/25 - WJ - Uploaded current passport - Seller-05/23/2025 Ready for Review-Document Uploaded. 5/20/25 - WJ - Uploaded valid passport. - Seller-05/20/2025 Ready for Review-Document Uploaded. 3/26/25 - WJ - Uploaded the following to support borrowers' foreign national status: Visa (expired prior to funding), passport, ITIN, application from XXXX which shows a foreign primary address. Please note that currently XXXX does not require a final signed application - Seller-03/26/2025 |
Resolved-Validation Resolved - Due Diligence Vendor-06/02/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3612271 | N/A | N/A | |||
| XXXX | XXXX | 9054829 | Closed | 2025-02-17 15:30 | 2025-03-04 17:11 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-03/04/2025 Ready for Review-Document Uploaded. - Seller-03/03/2025 Counter-The Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements. - Due Diligence Vendor-02/28/2025 Counter-The Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements. - Due Diligence Vendor-02/25/2025 Ready for Review-2/21 DS This finding is not accurate - the FSD is used for securitization, not confidence score. Confidence score and FSD are mathematically too different calculations. The rating agencies use FSD because it's more of a standardized metric across AVM providers versus confidence score which can be manipulated. - Seller-02/21/2025 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Secondary Valuation Missing in the file. - Due Diligence Vendor-02/17/2025 |
Ready for Review-Document Uploaded. - Seller-03/03/2025 Ready for Review-2/21 DS This finding is not accurate - the FSD is used for securitization, not confidence score. Confidence score and FSD are mathematically too different calculations. The rating agencies use FSD because it's more of a standardized metric across AVM providers versus confidence score which can be manipulated. - Seller-02/21/2025 |
Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-03/04/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3433439 | N/A | N/A | |||
| XXXX | XXXX | 9069021 | Closed | 2025-02-25 16:16 | 2025-03-07 18:35 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-03/07/2025 Resolved-Updated hud page - Due Diligence Vendor-02/26/2025 Ready for Review-Document Uploaded. Final HUD1 stamped certified & signed by all parties - Seller-02/25/2025 Open-Final HUD-1 Document is Missing. Need stamped and certified final hud - Due Diligence Vendor-02/25/2025 |
Ready for Review-Document Uploaded. Final HUD1 stamped certified & signed by all parties - Seller-02/25/2025 |
Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-03/07/2025 Resolved-Updated hud page - Due Diligence Vendor-02/26/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 3476636 | N/A | N/A | |||
| XXXX | XXXX | 9069021 | Closed | 2025-02-25 16:10 | 2025-03-06 13:01 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing letter of explanation | Resolved-Updated asset page. - Due Diligence Vendor-03/06/2025 Ready for Review-Document Uploaded. Access Letter - Seller-03/05/2025 Open-Need LOE for the co-borrwer for access to joint account LOE is in file for the primary. - Due Diligence Vendor-02/25/2025 |
Ready for Review-Document Uploaded. Access Letter - Seller-03/05/2025 |
Resolved-Updated asset page. - Due Diligence Vendor-03/06/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 3476595 | N/A | N/A | |||
| XXXX | XXXX | 9069021 | Closed | 2025-02-25 16:03 | 2025-02-27 11:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report Partially Provided | Resolved-Third Party Fraud Report is fully present - Due Diligence Vendor-02/27/2025 Resolved-Updated fraud page. - Due Diligence Vendor-02/27/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-02/26/2025 Open-Third Party Fraud Report Partially Provided Fraud report shows uncleared alerts - Due Diligence Vendor-02/25/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-02/26/2025 |
Resolved-Third Party Fraud Report is fully present - Due Diligence Vendor-02/27/2025 Resolved-Updated fraud page. - Due Diligence Vendor-02/27/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 3476541 | N/A | N/A | |||
| XXXX | XXXX | 9069021 | Closed | 2025-02-25 16:10 | 2025-02-27 11:36 | Resolved | 1 - Information | A | A | Property | Appraisal | Appraisal | Resolved-Interior photos provided - Due Diligence Vendor-02/27/2025 Ready for Review-Document Uploaded. Appraisal - Seller-02/26/2025 Open-No interior photos of the property only a few exterior photos. - Due Diligence Vendor-02/25/2025 |
Ready for Review-Document Uploaded. Appraisal - Seller-02/26/2025 |
Resolved-Interior photos provided - Due Diligence Vendor-02/27/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 3476593 | N/A | N/A | |||
| XXXX | XXXX | 9082045 | Closed | 2025-02-21 14:44 | 2025-02-27 10:50 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Additional Assets uploaded, Audited Reserves of 68.7 month(s) are greater than Guideline Required Reserves of 6 month(s), Verified & entered in system - Resolved - Due Diligence Vendor-02/27/2025 Resolved-Audited Reserves of 68.7 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-02/27/2025 Ready for Review-Document Uploaded. 2/26/25 - WJ - Please refer to the following uploaded documents which support excess reserves: 1. XXXX and XXXX statements 2. XXXX Transaction History with current balance 3. OA to associate borrower with XXXX account 4. Final HUD to support large deposit on January 9th. - Seller-02/26/2025 Open-Provide additional asset documentation required to meet guideline reserves of 6 months and CTC - Due Diligence Vendor-02/21/2025 |
Ready for Review-Document Uploaded. 2/26/25 - WJ - Please refer to the following uploaded documents which support excess reserves: 1. XXXX and XXXX statements 2. XXXX Transaction History with current balance 3. OA to associate borrower with XXXX account 4. Final HUD to support large deposit on January 9th. - Seller-02/26/2025 |
Resolved-Additional Assets uploaded, Audited Reserves of 68.7 month(s) are greater than Guideline Required Reserves of 6 month(s), Verified & entered in system - Resolved - Due Diligence Vendor-02/27/2025 Resolved-Audited Reserves of 68.7 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-02/27/2025 |
XXXX | XXXX | Investment | Purchase | NA | 3460507 | N/A | N/A | |||
| XXXX | XXXX | 9129173 | Closed | 2025-03-25 13:51 | 2025-03-28 15:29 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Transfer letter uploaded. Resolved. - Due Diligence Vendor-03/28/2025 Ready for Review-Document Uploaded. Transfer letter is in the file delivered labelled as: XXXX and also uploaded here - Seller-03/27/2025 Open-Final HUD-1 Document is Missing. Appraisal Fees is missing on HUD-1 - Due Diligence Vendor-03/25/2025 |
Ready for Review-Document Uploaded. Transfer letter is in the file delivered labelled as: XXXX and also uploaded here - Seller-03/27/2025 |
Resolved-Transfer letter uploaded. Resolved. - Due Diligence Vendor-03/28/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 3688056 | N/A | N/A | |||
| XXXX | XXXX | 9129187 | Closed | 2025-04-03 13:51 | 2025-04-04 12:57 | Resolved | 1 - Information | B | A | Credit | Missing Doc | Approval/Underwriting Summary Partially Provided | Resolved-received corrected loan approval - resolved - Due Diligence Vendor-04/04/2025 Ready for Review-Document Uploaded. Uploaded updated XXXX reflecting XXXX guideline version date. - Seller-04/03/2025 Open-Guideline Date on Loan approval is XXXX, updated Approval requested - Due Diligence Vendor-04/03/2025 |
Ready for Review-Document Uploaded. Uploaded updated XXXX reflecting XXXX guideline version date. - Seller-04/03/2025 |
Resolved-received corrected loan approval - resolved - Due Diligence Vendor-04/04/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3771861 | N/A | N/A | |||
| XXXX | XXXX | 9129199 | Closed | 2025-04-03 07:58 | 2025-04-09 11:29 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lease Agreement | Resolved-Required Document provided, Changes Made in system, Findng Resolved - Due Diligence Vendor-04/09/2025 Ready for Review-Document Uploaded. 4/8/25 - WJ - Uploaded current lease, please note that qualifying rents are based on market rents which is less than the lease so corrections to the file are not required. - Seller-04/08/2025 Open-Lease agreement in page# 270 has been expired, Please provide current lease agreement. - Due Diligence Vendor-04/03/2025 |
Ready for Review-Document Uploaded. 4/8/25 - WJ - Uploaded current lease, please note that qualifying rents are based on market rents which is less than the lease so corrections to the file are not required. - Seller-04/08/2025 |
Resolved-Required Document provided, Changes Made in system, Findng Resolved - Due Diligence Vendor-04/09/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3760176 | N/A | N/A | |||
| XXXX | XXXX | 9113560 | Closed | 2025-04-03 10:31 | 2025-04-08 11:18 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-04/08/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-04/08/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-04/07/2025 Open-Fraud Report Shows Uncleared Alerts Fraud report shows uncleared alerts. Provide updated fraud report with all cleared alerts. - Due Diligence Vendor-04/03/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-04/07/2025 |
Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-04/08/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-04/08/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 3760939 | N/A | N/A | |||
| XXXX | XXXX | 9113537 | Closed | 2025-04-08 04:55 | 2025-04-11 10:11 | Resolved | 1 - Information | C | A | Credit | Credit | DTI discrepancy or failure. | Resolved-DTI in line with updated 1008. Resolved - Due Diligence Vendor-04/11/2025 Ready for Review-Document Uploaded. Updated 1008/1003 - Seller-04/10/2025 Open-Audited DTI is 7.7 and Lender DTI is 9.77. The difference is 2.07. This is because lender considered below tradelines twice in final 1003: (1) XXXX card revolving acc # XXXX (2) XXXX finance installment acc # XXXX - Due Diligence Vendor-04/08/2025 |
Ready for Review-Document Uploaded. Updated 1008/1003 - Seller-04/10/2025 |
Resolved-DTI in line with updated 1008. Resolved - Due Diligence Vendor-04/11/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 3802357 | N/A | N/A | |||
| XXXX | XXXX | 9120572 | Closed | 2025-04-14 06:41 | 2025-04-22 12:29 | Resolved | 1 - Information | C | A | Compliance | Closing | Lender Company NMLS Status is Unknown or Not Active | Resolved-NMLS Licensing is not required for Business Purpose Lending – DSCR - Due Diligence Vendor-04/22/2025 Ready for Review-NMLS Licensing is not required for Business Purpose Lending – DSCR - Seller-04/21/2025 Open-Lender Company NMLS Status is Unknown NMLS Status is Unknown and not found on NMLS website - Due Diligence Vendor-04/14/2025 |
Ready for Review-NMLS Licensing is not required for Business Purpose Lending – DSCR - Seller-04/21/2025 |
Resolved-NMLS Licensing is not required for Business Purpose Lending – DSCR - Due Diligence Vendor-04/22/2025 |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 3852025 | N/A | N/A | ||||
| XXXX | XXXX | 9120587 | Closed | 2025-04-30 21:02 | 2025-05-01 20:31 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-04/30/2025 Resolved-Updated hud page. - Due Diligence Vendor-04/30/2025 Ready for Review-Document Uploaded. - Seller-04/30/2025 Open-Final HUD-1 Document is Missing. Final Hud is missing from the file Only have the Hud from when borrower purchased the property. - Due Diligence Vendor-04/30/2025 |
Ready for Review-Document Uploaded. - Seller-04/30/2025 |
Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-04/30/2025 Resolved-Updated hud page. - Due Diligence Vendor-04/30/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4009724 | N/A | N/A | |||
| XXXX | XXXX | 9120587 | Closed | 2025-04-30 20:59 | 2025-04-30 22:13 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-04/30/2025 Resolved-Updated insurance page. - Due Diligence Vendor-04/30/2025 Ready for Review-Document Uploaded. Attached EOI 12-month Coverage Policy #XXXX Effective XXXX-XXXX Paid in FULL XXXX $XXXX Matching Policy Number HIGHLIGHTED in YELLOW - Seller-04/30/2025 Open-Premium amount is missing from the policy provided. - Due Diligence Vendor-04/30/2025 |
Ready for Review-Document Uploaded. Attached EOI 12-month Coverage Policy #XXXX Effective XXXX Paid in FULL XXXX Matching Policy Number HIGHLIGHTED in YELLOW - Seller-04/30/2025 |
Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-04/30/2025 Resolved-Updated insurance page. - Due Diligence Vendor-04/30/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4009712 | N/A | N/A | |||
| XXXX | XXXX | 9120587 | Closed | 2025-04-14 11:25 | 2025-04-30 22:07 | Resolved | 1 - Information | C | A | Compliance | Closing | Loan Origination Company NMLS Status is not tied to Loan Originator NMLS | Resolved-NMLS Licensing is not required for Business Purpose Lending – DSCR - Due Diligence Vendor-04/22/2025 Ready for Review-NMLS Licensing is not required for Business Purpose Lending – DSCR - Seller-04/21/2025 Open-Loan Origination Company NMLS Status is Unknown NMLS Status is Unknown and not found on NMLS website - Due Diligence Vendor-04/14/2025 |
Ready for Review-NMLS Licensing is not required for Business Purpose Lending – DSCR - Seller-04/21/2025 |
Resolved-NMLS Licensing is not required for Business Purpose Lending – DSCR - Due Diligence Vendor-04/22/2025 |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 3852931 | N/A | N/A | ||||
| XXXX | XXXX | 9129225 | Closed | 2025-04-14 16:26 | 2025-05-13 19:59 | Resolved | 1 - Information | C | A | Property | Appraisal | Appraisal | Resolved-Uploaded photo shows subject property water heater double strapped. - Due Diligence Vendor-05/13/2025 Ready for Review-Document Uploaded. pic of strapped tank attached - Seller-05/12/2025 Counter-Appraisal report 1/21/2025 photo shows water heater not double strapped, required XXXX State. Requesting Appraisal photo tank water heater double strapped. - Due Diligence Vendor-05/01/2025 Ready for Review-Appraiser noted no apparent physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the subject property at the time of inspection. The improvements are maintained and feature limited physical depreciation due to normal wear and tear. Some components, but not every major building component, may be updated or recently rehabilitated. The structure has been maintained. The windows are all in place. Only the windows on the first floor have been boarded up from the outside to prevent vandalism. There are no window repairs noted by the appraiser. - Seller-04/29/2025 Counter-Appraisal report Addendum states Water heater was tankless and functional however photo shows Tank Water Heater with verbiage water heater not double strapped. Requesting Appraiser clarify. - Due Diligence Vendor-04/23/2025 Ready for Review-There is no tank strapping because there is no tank. Water heater is TANKLESS and functional per appraisal. - Seller-04/21/2025 Open-Appraisal report 1/21/2025 shows water heater not double strapped. - Due Diligence Vendor-04/14/2025 |
Ready for Review-Document Uploaded. pic of strapped tank attached - Seller-05/12/2025 Ready for Review-Appraiser noted no apparent physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the subject property at the time of inspection. The improvements are maintained and feature limited physical depreciation due to normal wear and tear. Some components, but not every major building component, may be updated or recently rehabilitated. The structure has been maintained. The windows are all in place. Only the windows on the first floor have been boarded up from the outside to prevent vandalism. There are no window repairs noted by the appraiser. - Seller-04/29/2025 Ready for Review-There is no tank strapping because there is no tank. Water heater is TANKLESS and functional per appraisal. - Seller-04/21/2025 |
Resolved-Uploaded photo shows subject property water heater double strapped. - Due Diligence Vendor-05/13/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3856598 | N/A | N/A | |||
| XXXX | XXXX | 9129225 | Closed | 2025-04-15 19:24 | 2025-04-23 14:49 | Resolved | 1 - Information | C | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA | Resolved-Post Disaster Property Inspection XXXX. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. - Seller-04/21/2025 Open-Property potentially affected by FEMA Disaster ID XXXX. XXXX - Declared XXXX with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. - Due Diligence Vendor-04/15/2025 |
Ready for Review-Document Uploaded. - Seller-04/21/2025 |
Resolved-Post Disaster Property Inspection XXXX. - Due Diligence Vendor-04/23/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3871358 | N/A | N/A | |||
| XXXX | XXXX | 9129231 | Closed | 2025-04-13 09:09 | 2025-04-16 10:11 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Partial | Resolved-Effective date is within Note date, Hence Finding Resolved - Due Diligence Vendor-04/16/2025 Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-04/16/2025 Ready for Review-Document Uploaded. - Seller-04/15/2025 Open-Hazard Insurance Policy Partially Provided Provide updated Hazard Insurance Policy with Policy effective date. it is missing in the document on page#235 - Due Diligence Vendor-04/13/2025 |
Ready for Review-Document Uploaded. - Seller-04/15/2025 |
Resolved-Effective date is within Note date, Hence Finding Resolved - Due Diligence Vendor-04/16/2025 Resolved-Hazard Insurance Policy is fully present - Due Diligence Vendor-04/16/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3850005 | N/A | N/A | |||
| XXXX | XXXX | 9129233 | Closed | 2025-04-15 07:08 | 2025-04-18 11:50 | Resolved | 1 - Information | C | A | Credit | Credit | Borrowing Entity / Individual has insufficient experience | Resolved-Required Document Provided, Changes made in System, Finding Resolved - Due Diligence Vendor-04/18/2025 Ready for Review-Document Uploaded. 4/17/25 - WJ - Uploaded 2 REO schedules with corresponding property profiles, final HUD's and Operating Agreement for XXXX. - Seller-04/17/2025 Open-In loan Application, borrower has ownership of XXXX, San XXXX property, however property profile report was not provided to verify the ownership. - Due Diligence Vendor-04/15/2025 |
Ready for Review-Document Uploaded. 4/17/25 - WJ - Uploaded 2 REO schedules with corresponding property profiles, final HUD's and Operating Agreement for Destiny Homes. - Seller-04/17/2025 |
Resolved-Required Document Provided, Changes made in System, Finding Resolved - Due Diligence Vendor-04/18/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3863774 | N/A | N/A | |||
| XXXX | XXXX | 9129258 | Closed | 2025-04-18 15:20 | 2025-04-23 20:16 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Clarification of DSCR calculation provided and updated to file. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. 4/21/25 - WJ - Please refer to the uploaded rent rolls which show the rents that the underwriter used. For Unit #1, 120% of market was used and for Unit #2 actual rents were used. The DSCR on the sizer is correct. - Seller-04/21/2025 Open-As per Lease agreement rent amount is $3050 and PITIA is $1,639.09 and DSCR is 1.861 (3050/1639.09) and Sizer document showing rent amount as $2810 causing DSCR discrepancy. - Due Diligence Vendor-04/18/2025 |
Ready for Review-Document Uploaded. 4/21/25 - WJ - Please refer to the uploaded rent rolls which show the rents that the underwriter used. For Unit #1, 120% of market was used and for Unit #2 actual rents were used. The DSCR on the sizer is correct. - Seller-04/21/2025 |
Resolved-Clarification of DSCR calculation provided and updated to file. - Due Diligence Vendor-04/23/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3901710 | N/A | N/A | |||
| XXXX | XXXX | 9129265 | Closed | 2025-04-18 02:26 | 2025-04-21 16:25 | Resolved | 1 - Information | C | A | Credit | Credit | Borrowing Entity / Individual has insufficient experience | Resolved-Documents have been received and reviewed. LM has been updated - Due Diligence Vendor-04/21/2025 Ready for Review-Document Uploaded. 4/18/25 - WJ - Uploaded REO schedule with corresponding property profile. - Seller-04/18/2025 Open-Provide Property Profile report for the following properties listed on the Borrower's Experience. XXXX XXXX was provided and does not indicate > 1 year of ownership but was not listed in the experience. - Due Diligence Vendor-04/18/2025 |
Ready for Review-Document Uploaded. 4/18/25 - WJ - Uploaded REO schedule with corresponding property profile. - Seller-04/18/2025 |
Resolved-Documents have been received and reviewed. LM has been updated - Due Diligence Vendor-04/21/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3896969 | N/A | N/A | |||
| XXXX | XXXX | 9129268 | Closed | 2025-04-17 23:47 | 2025-05-01 13:20 | Waived | 2 - Non-Material | C | B | Credit | Assets | Asset 2 Does Not Meet Guideline Requirements | Waived-Exception in findings approved to waive proof of receipt of funds from XXXX concurrent funding being deposited into the borrowers account; final XXXX HUD is approved to document proof of receipt of funds. - Due Diligence Vendor-05/01/2025 Ready for Review-Document Uploaded. 4/29/25 - WJ - Uploaded Credit Memo with requested verbiage. - Seller-04/29/2025 Counter-Please provide updated exception language to include the guideline of requiring the absence or lack of Proof of Borrower/sponsor bank statement to evidence receipt of cash-out proceeds. - Due Diligence Vendor-04/25/2025 Ready for Review-Document Uploaded. 4/23/25 - WJ - Uploaded Credit Memo reflecting an exception to allow the XXXX Refi final HUD as proof of receipt of funds. - Seller-04/23/2025 Counter-XXXX Guidelines - Guidelines 01/22/25 Page 45 of 84, Section Cash-Out Refinance Proceeds from another property, that is not the subject property - The cash-out refinance must close prior to or simultaneously with the mortgage for the subject property, Certified copy of the HUD-1 or equivalent settlement statement evidencing refinance and loan proceeds, and Borrower/sponsor bank statement to evidence receipt of cash-out proceeds. ---Additional To use assets gained from the sale of real property there must be proof of Borrower Receipt of the funds. This can be shown by a matching deposit in to their accounts, a 1031 holdover or a transfer to an escrow company with an LOE and full paper trail documentation. Loans sold on the secondary market need to have these items as one party who buys the loan may not have possession of the new loan as well as market standards. - Due Diligence Vendor-04/22/2025 Ready for Review-Document Uploaded. 4/18/25 - WJ - Please refer to the final HUD from XXXX refinance loan #XXXX. Since this loan was funded by XXXX, we do not require or need proof of transfer of funds since we know that the borrower received the funds since we paid them to the borrower. - Seller-04/18/2025 Open-Asset Record 2 Does Not Meet G/L Requirements There is not evidence in the file of the funds transfer from the loan for XXXX to the subject property loan. Requesting evidence of Wire Transfer or check. - Due Diligence Vendor-04/17/2025 |
Ready for Review-Document Uploaded. 4/29/25 - WJ - Uploaded Credit Memo with requested verbiage. - Seller-04/29/2025 Ready for Review-Document Uploaded. 4/23/25 - WJ - Uploaded Credit Memo reflecting an exception to allow the XXXX Refi final HUD as proof of receipt of funds. - Seller-04/23/2025 Ready for Review-Document Uploaded. 4/18/25 - WJ - Please refer to the final HUD from XXXX refinance loan #XXXX. Since this loan was funded by XXXX, we do not require or need proof of transfer of funds since we know that the borrower received the funds since we paid them to the borrower. - Seller-04/18/2025 |
Waived-Exception in findings approved to waive proof of receipt of funds from XXXX concurrent funding being deposited into the borrowers account; final XXXX HUD is approved to document proof of receipt of funds. - Due Diligence Vendor-05/01/2025 |
XXXX | Comp Factor 1: Experienced Borrower - 1 property history required, borrower has experience with 3 properties. Comp Factor 2: Reserves of 81.18 months, 4 months minimum required. Comp Factor 3: 683 FICO score, minimum required 660, 23 points above minimum. |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 3896659 | Originator Post-Close | Yes | ||
| XXXX | XXXX | 9129273 | Closed | 2025-04-18 14:27 | 2025-05-06 21:32 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated Credit Memo provided and file updated. - Due Diligence Vendor-05/06/2025 Ready for Review-The tape is incorrect. This should be reviewed under the XXXX guidelines - Seller-05/02/2025 Counter-The attached Credit Memo shows Guideline date of XXXX and the Bid Tape shows XXXX. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. 4/21/25 - WJ - Uploaded Credit Memo with correct guideline date. - Seller-04/21/2025 |
Ready for Review-The tape is incorrect. This should be reviewed under the XXXX guidelines - Seller-05/02/2025 Ready for Review-Document Uploaded. 4/21/25 - WJ - Uploaded Credit Memo with correct guideline date. - Seller-04/21/2025 |
Resolved-Updated Credit Memo provided and file updated. - Due Diligence Vendor-05/06/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3900698 | N/A | N/A | |||
| XXXX | XXXX | 9129273 | Closed | 2025-04-17 16:46 | 2025-05-01 13:46 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX The HOI Policy is dated same date as Disbursement date XXXX. - Due Diligence Vendor-05/01/2025 Ready for Review-Only the agent is required to sign corrected HUD not the borrower. - Seller-04/30/2025 Counter-Requesting updated HUD as the one with a disbursement date of XXXX is only signed by settlement agent and dated XXXX - Due Diligence Vendor-04/29/2025 Ready for Review-Loan Funded XXXX and EOI Effective Date XXXX EOI Uploaded. We do not use Note date for insurance effective date. - Seller-04/25/2025 Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX and Disbursement date of XXXX. - Due Diligence Vendor-04/17/2025 |
Ready for Review-Only the agent is required to sign corrected HUD not the borrower. - Seller-04/30/2025 Ready for Review-Loan Funded XXXX and EOI Effective Date XXXX EOI Uploaded. We do not use Note date for insurance effective date. - Seller-04/25/2025 |
Resolved-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX The HOI Policy is dated same date as Disbursement date XXXX. - Due Diligence Vendor-05/01/2025 |
XXXX | Investment | Refinance | Cash Out - Other | 3891769 | N/A | N/A | ||||
| XXXX | XXXX | 9129273 | Closed | 2025-04-23 20:27 | 2025-05-01 13:41 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Evidence of Property Tax is present - Due Diligence Vendor-05/01/2025 Ready for Review-Document Uploaded. 4/29/25 - WJ - Uploaded correct sizer. - Seller-04/29/2025 Open-Missing Evidence of Property Tax The Credit sizer shows taxes as $56.25, the Tax Cert shows $294 / 12 = $24.50, causing a DSCR discrepancy. Requesting updated Tax Cert or Credit Sizer. - Due Diligence Vendor-04/23/2025 |
Ready for Review-Document Uploaded. 4/29/25 - WJ - Uploaded correct sizer. - Seller-04/29/2025 |
Resolved-Evidence of Property Tax is present - Due Diligence Vendor-05/01/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3943853 | N/A | N/A | |||
| XXXX | XXXX | 9129274 | Closed | 2025-04-17 05:16 | 2025-05-06 15:37 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Client confirmation received. Loan reviewed under XXXX Guidelines. Resolved - Due Diligence Vendor-05/06/2025 Ready for Review-The tape is incorrect. This should be reviewed under the XXXX guidelines - Seller-05/02/2025 Counter-Upon review updated Credit Memo has the wrong date conflicting with the XXXX tape value - please provide - Due Diligence Vendor-04/22/2025 Resolved-Corrected Credit Memo provided. - Due Diligence Vendor-04/21/2025 Ready for Review-Document Uploaded. 4/18/25 - WJ - Uploaded corrected Credit Memo. - Seller-04/18/2025 Open-Per Credit memo Guideline Version date is XXXX. Provide document with correct year - Due Diligence Vendor-04/17/2025 |
Ready for Review-The tape is incorrect. This should be reviewed under the XXXX guidelines - Seller-05/02/2025 Ready for Review-Document Uploaded. 4/18/25 - WJ - Uploaded corrected Credit Memo. - Seller-04/18/2025 |
Resolved-Client confirmation received. Loan reviewed under 2/4 Guidelines. Resolved - Due Diligence Vendor-05/06/2025 Resolved-Corrected Credit Memo provided. - Due Diligence Vendor-04/21/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3886434 | N/A | N/A | |||
| XXXX | XXXX | 9129282 | Closed | 2025-04-16 05:32 | 2025-04-28 09:14 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Final Title Policy uploaded, Title Coverage Amount of $XXXX is equal to Total Amount of Subject Lien(s), Verified & entered in system - Resolved - Due Diligence Vendor-04/28/2025 Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-04/28/2025 Ready for Review-Document Uploaded. - Seller-04/25/2025 Open-Title Coverage Amount of $XXXX is Less than Loan Amount Provide Title policy with required coverage amount of $XXXX - Due Diligence Vendor-04/16/2025 |
Ready for Review-Document Uploaded. - Seller-04/25/2025 |
Resolved-Final Title Policy uploaded, Title Coverage Amount of $XXXX is equal to Total Amount of Subject Lien(s), Verified & entered in system - Resolved - Due Diligence Vendor-04/28/2025 Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-04/28/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3875029 | N/A | N/A | |||
| XXXX | XXXX | 9129285 | Closed | 2025-04-16 09:31 | 2025-04-21 09:55 | Resolved | 1 - Information | C | A | Property | Value | Secondary Valuation or Additional Valuation has not been entered per securitization requirements | Resolved-CDA document provided. - Due Diligence Vendor-04/21/2025 Ready for Review-Document Uploaded. - Seller-04/18/2025 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing. - Due Diligence Vendor-04/16/2025 |
Ready for Review-Document Uploaded. - Seller-04/18/2025 |
Resolved-CDA document provided. - Due Diligence Vendor-04/21/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3875661 | N/A | N/A | |||
| XXXX | XXXX | 9129280 | Closed | 2025-04-16 22:30 | 2025-04-30 13:30 | Resolved | 1 - Information | C | A | Credit | Eligibility | Trust/POA Does Not Meet Guideline Requirements | Resolved-Trust/POA Meets Guideline Requirements. Per Management, the Guaranty documents match the loan documents. - Due Diligence Vendor-04/30/2025 Resolved-Trust/POA Meets Guideline Requirements - Due Diligence Vendor-04/30/2025 Ready for Review-Document Uploaded. Uploading LOE from borrower confirming that a POA was not utilized on this transaction, rather a certification and authorization to borrower was used to grant authority to XXXX (son/entity member) to sign loan documents on behalf of the borrowing entity. - Seller-04/29/2025 Counter-The file has a Letter of Explanation stating that a POA should be needed for the member of the business. The Guarantor document is in the name of the Applicant but signed by the member of the business “as agent for” applicant. The guidelines dated XXXX page 27/89 state that for a POA the requirements are Copy of POA, The name(s) on the POA must match the name(s) of the borrower(s), The POA is signed and dated at least 1- calendar day prior to the date final loan documents are prepared, The POA is notarized, The POA must reference the address and/or legal description of the subject property, thus becoming specific, Closing agent and title must approve use of POA to establish signing authority to agent, and The title insurance policy ensures full title protection to lender. Requesting Power of Attorney because the Guaranty document was signed “as agent for”. - Due Diligence Vendor-04/23/2025 Ready for Review-Document Uploaded. 4/21/25 - WJ - Please refer to the uploaded Certification and Authorization to Borrower where the managing member/sponsor gave authorization to XXXX, who is also a member of the borrowing entity to sign loan documents. A POA is not required. - Seller-04/21/2025 Open-Trust/POA Does Not Meet Guideline Requirements The file is missing a Power of Attorney. The file has a Letter of Explanation stating that a POA should be needed for the member of the business. The Guarantor document is in the name of the Applicant but signed by the member of the business “as agent for” applicant. The guidelines dated XXXX page 27/89 state that for a POA the requirements are Copy of POA, The name(s) on the POA must match the name(s) of the borrower(s), The POA is signed and dated at least 1- calendar day prior to the date final loan documents are prepared, The POA is notarized, The POA must reference the address and/or legal description of the subject property, thus becoming specific, Closing agent and title must approve use of POA to establish signing authority to agent, and The title insurance policy ensures full title protection to lender. Requesting Power of Attorney. - Due Diligence Vendor-04/16/2025 |
Ready for Review-Document Uploaded. Uploading LOE from borrower confirming that a POA was not utilized on this transaction, rather a certification and authorization to borrower was used to grant authority to XXXX (son/entity member) to sign loan documents on behalf of the borrowing entity. - Seller-04/29/2025 Ready for Review-Document Uploaded. 4/21/25 - WJ - Please refer to the uploaded Certification and Authorization to Borrower where the managing member/sponsor gave authorization to XXXX, who is also a member of the borrowing entity to sign loan documents. A POA is not required. - Seller-04/21/2025 |
Resolved-Trust/POA Meets Guideline Requirements. Per Management, the Guaranty documents match the loan documents. - Due Diligence Vendor-04/30/2025 Resolved-Trust/POA Meets Guideline Requirements - Due Diligence Vendor-04/30/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3884697 | N/A | N/A | |||
| XXXX | XXXX | 9129280 | Closed | 2025-04-15 13:57 | 2025-04-21 11:22 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing Required for Securitizations | Resolved-Additional Valuation provided for all the below mentioned Properties. - Due Diligence Vendor-04/21/2025 Ready for Review-Document Uploaded. - Seller-04/18/2025 Open-Second Appraisal/ Valuation is Missing Required for Securitizations Missing Second Appraisal for securitization Purpose for Below properties: XXXX - Due Diligence Vendor-04/15/2025 |
Ready for Review-Document Uploaded. - Seller-04/18/2025 |
Resolved-Additional Valuation provided for all the below mentioned Properties. - Due Diligence Vendor-04/21/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3866072 | N/A | N/A | |||
| XXXX | XXXX | 9128071 | Closed | 2025-04-15 08:04 | 2025-04-22 13:50 | Resolved | 1 - Information | C | A | Credit | Assets | Asset General | Resolved-Proof of ownership provided. - Due Diligence Vendor-04/22/2025 Ready for Review-Document Uploaded. Evidence the borrower is owner of XXXX (Company) - Seller-04/21/2025 Open-Business funds are used but there is no ownership proof in the file, required ownership proof for "XXXX - Due Diligence Vendor-04/16/2025 |
Ready for Review-Document Uploaded. Evidence the borrower is owner of XXXX (Company) - Seller-04/21/2025 |
Resolved-Proof of ownership provided. - Due Diligence Vendor-04/22/2025 |
XXXX | XXXX | Investment | Purchase | NA | 3863981 | N/A | N/A | |||
| XXXX | XXXX | 9128071 | Closed | 2025-04-15 07:47 | 2025-04-22 10:29 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-04/22/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-04/22/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-04/21/2025 Open-Fraud Report Shows Uncleared Alerts Fraud Report Shows Uncleared Medium finding - Due Diligence Vendor-04/15/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-04/21/2025 |
Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-04/22/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-04/22/2025 |
XXXX | XXXX | Investment | Purchase | NA | 3863930 | N/A | N/A | |||
| XXXX | XXXX | 9128071 | Closed | 2025-04-15 06:55 | 2025-04-21 20:08 | Resolved | 1 - Information | C | A | Compliance | Closing | Loan Originator NMLS Status is Not Active | Resolved-The state of XXXX does not require a license in order to originate DSCR investment loans. - Due Diligence Vendor-04/21/2025 Ready for Review-Document Uploaded. Licensing Response: The state of XXXX does not require a license in order to originate DSCR investment loans. Clear to Proceed. - Seller-04/18/2025 Open-Loan Originator NMLS Status is Not Active Loan Officer doesn't have license in CT State. - Due Diligence Vendor-04/15/2025 |
Ready for Review-Document Uploaded. Licensing Response: The state of XXXX does not require a license in order to originate DSCR investment loans. Clear to Proceed. - Seller-04/18/2025 |
Resolved-The state of XXXX does not require a license in order to originate DSCR investment loans. - Due Diligence Vendor-04/21/2025 |
XXXX | XXXX | Investment | Purchase | NA | 3863743 | N/A | N/A | |||
| XXXX | XXXX | 9128071 | Closed | 2025-04-15 06:55 | 2025-04-21 20:08 | Resolved | 1 - Information | C | A | Compliance | Closing | Loan Origination Company NMLS Status is Not Active | Resolved-The state of XXXX does not require a license in order to originate DSCR investment loans. - Due Diligence Vendor-04/21/2025 Ready for Review-Document Uploaded. Licensing Response: The state of XXXX does not require a license in order to originate DSCR investment loans. Clear to Proceed. - Seller-04/18/2025 Open-Loan Origination Company NMLS Status is Not Active Loan Origination Company doesn't have license in CT State. - Due Diligence Vendor-04/15/2025 |
Ready for Review-Document Uploaded. Licensing Response: The state of XXXX does not require a license in order to originate DSCR investment loans. Clear to Proceed. - Seller-04/18/2025 |
Resolved-The state of XXXX does not require a license in order to originate DSCR investment loans. - Due Diligence Vendor-04/21/2025 |
XXXX | XXXX | Investment | Purchase | NA | 3863742 | N/A | N/A | |||
| XXXX | XXXX | 9128068 | Closed | 2025-04-16 06:30 | 2025-05-01 14:27 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Letter of Explanation (Credit) | Resolved-LOE for inquiries reported on credit report has been provided. - Due Diligence Vendor-05/01/2025 Resolved-LOE for inquiries reported on credit report has been provided. - Due Diligence Vendor-05/01/2025 Ready for Review-Document Uploaded. Inquiry LOE - Seller-04/30/2025 Open-Following inquires are reported in credit report ' XXXX, XXXX XXXX" but there is no LOX in file. - Due Diligence Vendor-04/16/2025 |
Ready for Review-Document Uploaded. Inquiry LOE - Seller-04/30/2025 |
Resolved-LOE for inquiries reported on credit report has been provided. - Due Diligence Vendor-05/01/2025 Resolved-LOE for inquiries reported on credit report has been provided. - Due Diligence Vendor-05/01/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 3875171 | N/A | N/A | |||
| XXXX | XXXX | 9128068 | Closed | 2025-04-17 12:32 | 2025-04-22 19:20 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-income worksheet provided - Due Diligence Vendor-04/22/2025 Ready for Review-Document Uploaded. B1 Income Calculation Worksheet - Seller-04/21/2025 Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Updated Bank Statement Worksheet using XXXX illegible. - Due Diligence Vendor-04/17/2025 |
Ready for Review-Document Uploaded. B1 Income Calculation Worksheet - Seller-04/21/2025 |
Resolved-income worksheet provided - Due Diligence Vendor-04/22/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 3888349 | N/A | N/A | |||
| XXXX | XXXX | 9128068 | Closed | 2025-04-16 06:50 | 2025-04-22 10:39 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-04/22/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-04/22/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-04/21/2025 Open-Fraud Report Shows Uncleared Alerts Fraud Report Shows Uncleared findings - Due Diligence Vendor-04/16/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-04/21/2025 |
Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-04/22/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-04/22/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 3875231 | N/A | N/A | |||
| XXXX | XXXX | 9128068 | Closed | 2025-04-16 06:30 | 2025-04-22 10:39 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Gap Credit Report is Missing | Resolved-Borrower 2 Gap Credit Report uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-04/22/2025 Resolved-Borrower 2 Gap Credit Report is not missing. - Due Diligence Vendor-04/22/2025 Ready for Review-Document Uploaded. Gap Credit - Seller-04/21/2025 Open-Borrower 2 Gap Credit Report is Missing - Due Diligence Vendor-04/16/2025 |
Ready for Review-Document Uploaded. Gap Credit - Seller-04/21/2025 |
Resolved-Borrower 2 Gap Credit Report uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-04/22/2025 Resolved-Borrower 2 Gap Credit Report is not missing. - Due Diligence Vendor-04/22/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 3875174 | N/A | N/A | |||
| XXXX | XXXX | 9128068 | Closed | 2025-04-16 06:30 | 2025-04-22 10:38 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-04/22/2025 Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-04/22/2025 Ready for Review-Document Uploaded. Gap Credit - Seller-04/21/2025 Open-Borrower 1 Gap Credit Report is Missing - Due Diligence Vendor-04/16/2025 |
Ready for Review-Document Uploaded. Gap Credit - Seller-04/21/2025 |
Resolved-Borrower 1 Gap Credit Report uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-04/22/2025 Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-04/22/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 3875173 | N/A | N/A | |||
| XXXX | XXXX | 9128068 | Closed | 2025-04-16 17:20 | 2025-04-17 14:45 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Title Document Missing | Resolved-Updated prelim dated XXXX provided. Resolved. - Due Diligence Vendor-04/17/2025 Resolved-Title Document is fully Present - Due Diligence Vendor-04/17/2025 Ready for Review-Document Uploaded. Prelim with correct date - Seller-04/17/2025 Open-Title Document is missing prelim in file dated XXXX, please provide updated or final title policy - Due Diligence Vendor-04/16/2025 |
Ready for Review-Document Uploaded. Prelim with correct date - Seller-04/17/2025 |
Resolved-Updated prelim XXXX provided. Resolved. - Due Diligence Vendor-04/17/2025 Resolved-Title Document is fully Present - Due Diligence Vendor-04/17/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 3880705 | N/A | N/A | |||
| XXXX | XXXX | 9128068 | Closed | 2025-04-16 07:42 | 2025-04-17 13:27 | Resolved | 1 - Information | C | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-This loan meet HPML guidelines. Resolved. - Due Diligence Vendor-04/17/2025 Open-This loan meet HPML guidelines. Resolved. - Due Diligence Vendor-04/17/2025 Resolved-. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-04/16/2025 Open-The loan's (10.18%) APR equals or exceeds the Federal HPML threshold of (8.16%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.66%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#381 and the Final Closing disclosure on Pg#200, Finding reflects escrows. Rate lock date was entered correctly – see Pg#387, 386, 404. An interior and exterior appraisal was completed for this property – see Pg#47-80, the appraisal disclosure was provided to the borrower(s)- see Pg#45, and confirmation the appraisal was delivered to the borrower – see Pg#250. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-04/16/2025 |
Resolved-This loan meet HPML guidelines. Resolved. - Due Diligence Vendor-04/17/2025 Resolved-. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-04/16/2025 |
XXXX | Primary Residence | Purchase | NA | 3875425 | N/A | N/A | |||||
| XXXX | XXXX | 9128068 | Closed | 2025-04-16 06:37 | 2025-04-17 12:23 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Loan Collateral Advisor provided, Verified & entered in system - Resolved - Due Diligence Vendor-04/17/2025 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-04/17/2025 Ready for Review-Document Uploaded. Freddie SSR - Seller-04/16/2025 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Secondary Valuation or Additional Valuation is missing in the file - Due Diligence Vendor-04/16/2025 |
Ready for Review-Document Uploaded. Freddie SSR - Seller-04/16/2025 |
Resolved-Loan Collateral Advisor provided, Verified & entered in system - Resolved - Due Diligence Vendor-04/17/2025 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-04/17/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 3875197 | N/A | N/A | |||
| XXXX | XXXX | 9129309 | Closed | 2025-04-21 15:06 | 2025-04-24 11:48 | Resolved | 1 - Information | B | A | Credit | Credit | Incomplete application | Resolved-Required Document provided, Changes Made in system, Finding Resolved - Due Diligence Vendor-04/24/2025 Ready for Review-Document Uploaded. 4/23/25 - WJ - Uploaded correct borrower experience which shows that the borrower does not have experience. - Seller-04/23/2025 Open-As Per Loan Application Borrower is Experienced, Bur Credit memo Has no properties, and we have no Property report in file or any Reo schedule, Considered as Borrower has no rental experience. Need updated Loan Application - Due Diligence Vendor-04/21/2025 |
Ready for Review-Document Uploaded. 4/23/25 - WJ - Uploaded correct borrower experience which shows that the borrower does not have experience. - Seller-04/23/2025 |
Resolved-Required Document provided, Changes Made in system, Finding Resolved - Due Diligence Vendor-04/24/2025 |
XXXX | XXXX | Investment | Purchase | NA | 3914654 | N/A | N/A | |||
| XXXX | XXXX | 9129310 | Closed | 2025-04-22 19:40 | 2025-05-09 20:58 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-5k assignment fee appears to be a side agreement between the Buyer and the Seller – As this is a BPL loan and XXXX is stating the Hud is correct finding is resolved - Due Diligence Vendor-05/09/2025 Ready for Review-4/30 HUD is accurate as is. The $ is part of the assignment agreement and not to be included on HUD. Uploaded agreement. - Seller-05/07/2025 Counter-Document uploaded XXXX for property that is not the subject address. Final HUD-1 Document is Missing. Purchase Contract XXXX Assignment Agreement from XXXX to XXXX $5,000 Assignment Fee to be paid at Closing. Missing Settlement Statement $5,000 Assignment Fee paid to XXXX. - Due Diligence Vendor-05/02/2025 Ready for Review-Document Uploaded. - Seller-04/30/2025 Counter-Lease Agreement uploaded, not Final Settlement Statement. - Due Diligence Vendor-04/28/2025 Ready for Review-Document Uploaded. 4/24/25 - WJ - Uploaded lease agreement - Seller-04/24/2025 Open-Final HUD-1 Document is Missing. Purchase Contract XXXX Assignment Agreement from XXXX XXXX $5,000 Assignment Fee to be paid at Closing. Missing Settlement Statement $5,000 Assignment Fee paid to XXXX. - Due Diligence Vendor-04/22/2025 |
Ready for Review-4/30 HUD is accurate as is. The $ is part of the assignment agreement and not to be included on HUD. Uploaded agreement. - Seller-05/07/2025 Ready for Review-Document Uploaded. - Seller-04/30/2025 Ready for Review-Document Uploaded. 4/24/25 - WJ - Uploaded lease agreement - Seller-04/24/2025 |
Resolved-5k assignment fee appears to be a side agreement between the Buyer and the Seller – As this is a BPL loan and XXXX is stating the Hud is correct finding is resolved - Due Diligence Vendor-05/09/2025 |
XXXX | XXXX | Investment | Purchase | NA | 3930459 | N/A | N/A | |||
| XXXX | XXXX | 9129316 | Closed | 2025-04-21 11:03 | 2025-04-25 14:25 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-04/25/2025 Ready for Review-Document Uploaded. 4/23/25 - WJ - Uploaded the following documents: Passport, XXXX Travel Requirements (Visa not required), Entry and Departure records. - Seller-04/23/2025 Open-Borrower 1 Non-US Citizen Identification Document Missing. Please provide acceptable documentation. Borrower 1 Non-US Citizen provided the passport and missing of visa or related documents. please provide the related documents - Due Diligence Vendor-04/21/2025 |
Ready for Review-Document Uploaded. 4/23/25 - WJ - Uploaded the following documents: Passport, XXXX Travel Requirements (Visa not required), Entry and Departure records. - Seller-04/23/2025 |
Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-04/25/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3912079 | N/A | N/A | |||
| XXXX | XXXX | 9129317 | Closed | 2025-04-22 18:18 | 2025-04-29 19:31 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-04/29/2025 Resolved-Signed Settlement Statement uploaded, resolved. - Due Diligence Vendor-04/29/2025 Ready for Review-Document Uploaded. - Seller-04/25/2025 Open-Final HUD-1 Document is Preliminary/Estimated Only. - Due Diligence Vendor-04/22/2025 |
Ready for Review-Document Uploaded. - Seller-04/25/2025 |
Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-04/29/2025 Resolved-Signed Settlement Statement uploaded, resolved. - Due Diligence Vendor-04/29/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3929062 | N/A | N/A | |||
| XXXX | XXXX | 9129318 | Closed | 2025-04-18 07:15 | 2025-04-30 11:48 | Resolved | 1 - Information | C | A | Credit | Doc Issue | Application Missing | Resolved-Provided document states no experience. - Due Diligence Vendor-04/30/2025 Ready for Review-Document Uploaded. 4/29/25 - WJ - Please refer to the uploaded borrower experience section which reflects no borrower experience. - Seller-04/29/2025 Open-Loan application states as Experienced borrower, however Credit memo states that borrower is a Non-experienced sponsor. Please provided updated application - Due Diligence Vendor-04/18/2025 |
Ready for Review-Document Uploaded. 4/29/25 - WJ - Please refer to the uploaded borrower experience section which reflects no borrower experience. - Seller-04/29/2025 |
Resolved-Provided document states no experience. - Due Diligence Vendor-04/30/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3897597 | N/A | N/A | |||
| XXXX | XXXX | 9129343 | Closed | 2025-04-21 07:21 | 2025-04-25 14:37 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Exception for loan amount of $XXXX - Due Diligence Vendor-04/25/2025 Ready for Review-Document Uploaded. 4/23/25 - WJ - Uploaded correct Credit Memo with exception for loan amount. - Seller-04/23/2025 Open-Audited Loan Amount is less than Guideline Minimum Loan Amount The Loan amount is $XXXX which is less than minimum loan amount as per the guideline of $XXXX. - Due Diligence Vendor-04/21/2025 |
Ready for Review-Document Uploaded. 4/23/25 - WJ - Uploaded correct Credit Memo with exception for loan amount. - Seller-04/23/2025 |
Waived-Exception for loan amount of $XXXX - Due Diligence Vendor-04/25/2025 |
XXXX | 1. 768 FICO which is 108 above guideline 2. Low Credit Utilization (6%) with 0 mortgage lates in over 10 years 3. 17 Reserves Post-Closing |
XXXX | Investment | Refinance | Cash Out - Other | 3911475 | Originator Post-Close | Yes | ||
| XXXX | XXXX | 9129347 | Closed | 2025-04-23 21:13 | 2025-05-09 21:02 | Resolved | 1 - Information | B | A | Credit | Credit | Incomplete application | Resolved-Complete application updated. - Due Diligence Vendor-05/09/2025 Ready for Review-Document Uploaded. 5/7/25 - WJ - Uploaded application as requested - Seller-05/07/2025 Counter-The application is incomplete. Borrower Experience section is missing the Holding Title As and Purchase date of properties listed blank. Requesting full application. - Due Diligence Vendor-04/30/2025 Ready for Review-Document Uploaded. 4/29/25 - WJ - Please refer to the uploaded Member percentage of ownership section. - Seller-04/29/2025 Open-The Application in file does not have the Members/Officers (List all members with 20% ownership or more.) section completed and Borrower Experience section is missing the Holding Title As and Purchase date of properties listed blank. - Due Diligence Vendor-04/23/2025 |
Ready for Review-Document Uploaded. 5/7/25 - WJ - Uploaded application as requested - Seller-05/07/2025 Ready for Review-Document Uploaded. 4/29/25 - WJ - Please refer to the uploaded Member percentage of ownership section. - Seller-04/29/2025 |
Resolved-Complete application updated. - Due Diligence Vendor-05/09/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3944355 | N/A | N/A | |||
| XXXX | XXXX | 9129308 | Closed | 2025-04-21 11:19 | 2025-04-28 11:49 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing Required for Securitizations | Resolved-Secondary Valuation uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-04/28/2025 Ready for Review-Document Uploaded. - Seller-04/25/2025 Open-Second Appraisal/ Valuation is Missing Required for Securitizations Missing Second appraisal for Securitization for below properties: XXXX - Due Diligence Vendor-04/21/2025 |
Ready for Review-Document Uploaded. - Seller-04/25/2025 |
Resolved-Secondary Valuation uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-04/28/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 3912153 | N/A | N/A | |||
| XXXX | XXXX | 9133632 | Closed | 2025-04-21 12:44 | 2025-04-24 11:24 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Photo Identification Type Missing | Resolved-Photo ID DL provided. Resolved - Due Diligence Vendor-04/24/2025 Ready for Review-Document Uploaded. - Seller-04/23/2025 Open-Borrower 1 Photo Identification Missing. Please provide valid photo identification per guideline requirements. - Due Diligence Vendor-04/21/2025 |
Ready for Review-Document Uploaded. - Seller-04/23/2025 |
Resolved-Photo ID DL provided. Resolved - Due Diligence Vendor-04/24/2025 |
XXXX | XXXX | Investment | Purchase | NA | 3912683 | N/A | N/A | |||
| XXXX | XXXX | 9133632 | Closed | 2025-04-21 12:44 | 2025-04-24 11:24 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Third Party Fraud Report provided. Resolved - Due Diligence Vendor-04/24/2025 Ready for Review-Document Uploaded. Attached. - Seller-04/23/2025 Open-Missing Third Party Fraud Report - Due Diligence Vendor-04/21/2025 |
Ready for Review-Document Uploaded. Attached. - Seller-04/23/2025 |
Resolved-Third Party Fraud Report provided. Resolved - Due Diligence Vendor-04/24/2025 |
XXXX | XXXX | Investment | Purchase | NA | 3912682 | N/A | N/A | |||
| XXXX | XXXX | 9066939 | Closed | 2025-04-25 08:47 | 2025-05-06 12:34 | Resolved | 1 - Information | C | A | Compliance | Fees:Prohibited | Federal - Dual Compensation To Broker (Loan Originator) Not Allowed (TILA) | Resolved-PCCD received hence resolved. - Due Diligence Vendor-05/06/2025 Ready for Review-Document Uploaded. - Seller-05/02/2025 Open-The Mortgage Broker (loan originator) received compensation directly from the Borrower and from another person in this loan transaction. Under Regulation Z, if a loan originator receives compensation directly from a consumer, a loan originator cannot receive compensation, directly or indirectly, from any person other than the consumer in connection with the transaction. (12 CFR 1026.36(d)(2)) Final cd reflecting Broker fees, one is $7320 for buyer, another $180 paid by others, hence updated as per document. - Due Diligence Vendor-04/25/2025 |
Ready for Review-Document Uploaded. - Seller-05/02/2025 |
Resolved-PCCD received hence resolved. - Due Diligence Vendor-05/06/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | 3960029 | N/A | N/A | |||
| XXXX | XXXX | 9186018 | Closed | 2025-04-30 06:14 | 2025-05-07 13:44 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Permanent Resident Card uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/07/2025 Resolved-Borrower 1 Citizenship Documentation Provided or Not Required - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. 5/6/25 - WJ - Uploaded current Green Card. - Seller-05/06/2025 Open-Borrower 1 Citizenship Documentation Is Missing Borrower is a Permanent Resident Alien as per the Application but there is no documentation. As per GLs we require Copy of Permanent Resident Card (Form I-551) (or) Expired Permanent Resident Card (Form I-551), and current passport with I-551 stamp showing an unexpired date. - Due Diligence Vendor-04/30/2025 |
Ready for Review-Document Uploaded. 5/6/25 - WJ - Uploaded current Green Card. - Seller-05/06/2025 |
Resolved-Permanent Resident Card uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/07/2025 Resolved-Borrower 1 Citizenship Documentation Provided or Not Required - Due Diligence Vendor-05/07/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4000007 | N/A | N/A | |||
| XXXX | XXXX | 9186022 | Closed | 2025-05-07 19:13 | 2025-05-16 13:57 | Resolved | 1 - Information | C | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA | Resolved-Per post property inspection report and photos dated XXXX no damage noted. - Due Diligence Vendor-05/16/2025 Ready for Review-Document Uploaded. - Seller-05/14/2025 Open-Property potentially affected by FEMA Disaster ID XXXX. XXXX - Declared XXXX with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. - Due Diligence Vendor-05/07/2025 |
Ready for Review-Document Uploaded. - Seller-05/14/2025 |
Resolved-Per post property inspection report and photos dated XXXX no damage noted. - Due Diligence Vendor-05/16/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4073739 | N/A | N/A | |||
| XXXX | XXXX | 9186022 | Closed | 2025-04-30 09:18 | 2025-05-06 19:23 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-05/06/2025 Ready for Review-Document Uploaded. - Seller-05/05/2025 Open-Title Coverage Amount of $0 is Less than Loan Amount Provide title document covering full loan amount as the one on file doesn't show coverage amount. - Due Diligence Vendor-04/30/2025 |
Ready for Review-Document Uploaded. - Seller-05/05/2025 |
Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-05/06/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4000710 | N/A | N/A | |||
| XXXX | XXXX | 9186022 | Closed | 2025-04-30 10:12 | 2025-05-05 09:21 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated credit memo with GL version date of XXXX uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/05/2025 Ready for Review-Document Uploaded. 5/2/25 - WJ - Uploaded CM with correct guideline version date - Seller-05/02/2025 Open- Tape data shows GL version date as XXXX whereas credit memo shows XXXX. Updated credit memo with GL version date of XXXX to match tape data is required. - Due Diligence Vendor-04/30/2025 |
Ready for Review-Document Uploaded. 5/2/25 - WJ - Uploaded XXXX with correct guideline version date - Seller-05/02/2025 |
Resolved-Updated credit memo with GL version date of XXXX uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/05/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4000906 | N/A | N/A | |||
| XXXX | XXXX | 9128049 | Closed | 2025-04-30 06:09 | 2025-05-02 12:16 | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-XXXX XXXX. Resolved. - Due Diligence Vendor-05/02/2025 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-05/02/2025 Ready for Review-Document Uploaded. UW Response: XXXX is paid in full - Seller-05/01/2025 Open-Housing History Does Not Meet Guideline Requirements Primary Housing History: Per property report, XXXX DOT is present as no release of lien is reflected. Additionally, Subject property housing history only reflects 6 months per VOM. - Due Diligence Vendor-04/30/2025 |
Ready for Review-Document Uploaded. UW Response: XXXX is paid in full - Seller-05/01/2025 |
Resolved-XXXX XXXX. Resolved. - Due Diligence Vendor-05/02/2025 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-05/02/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 3999982 | N/A | N/A | |||
| XXXX | XXXX | 9128049 | Closed | 2025-04-30 05:22 | 2025-05-02 10:30 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/02/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/02/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/01/2025 Open-Fraud Report Shows Uncleared Alerts Provide the updated fraud report, Fraud Report Shows Uncleared Alerts - Due Diligence Vendor-04/30/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/01/2025 |
Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/02/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/02/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 3999841 | N/A | N/A | |||
| XXXX | XXXX | 9127671 | Closed | 2025-05-01 07:08 | 2025-05-20 21:46 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-The Final 1003 is Present - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. - Seller-05/16/2025 Counter- - Due Diligence Vendor-05/14/2025 Open-The Final 1003 is Incomplete The Original Final 1003 for Borrower 2 Section 3 shows No Real Estate owned and Section 5 shows Borrower 2 as a First Time Homebuyer, however Title, Property Report, and Payoff of prior mortgage all show Borrower 2 owns the property. Requesting to provide complete Final 1003 for Borrower 2. - Due Diligence Vendor-05/14/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-05/14/2025 Ready for Review-Document Uploaded. Hi, please see attached. - Seller-05/12/2025 Counter-The Final 1003 is Incomplete The attached updated 1003 for Borrower 2 Section 5 Declarations shows borrower owns Second Home with Other, however Section 3 (REO) does not show any ownership. - Due Diligence Vendor-05/12/2025 Ready for Review-Document Uploaded. Hi, please see attached. Per our UW, Section 3 is correct. Borrower 2 does not own any properties. - Seller-05/09/2025 Counter-The attached 1003 for Borrower 2 in Section 3 is blank and the primary residence on page 1 is not the subject property. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. - Seller-05/06/2025 Open-The Final 1003 is Incomplete 1) final 1003 - B1 employment reflecting as Self employed but as per provided supporting docs to qualify B1 income is wage documents. 2) B2 1003 reflects current address as XXXX (as owned) which is a second home of B1 (as per REOs section of B1) and declarations reflects as subject property will be occupied as Primary residence & having no ownership in other properties. - Due Diligence Vendor-05/01/2025 |
Ready for Review-Document Uploaded. - Seller-05/16/2025 Ready for Review-Document Uploaded. Hi, please see attached. - Seller-05/12/2025 Ready for Review-Document Uploaded. Hi, please see attached. Per our UW, Section 3 is correct. Borrower 2 does not own any properties. - Seller-05/09/2025 Ready for Review-Document Uploaded. - Seller-05/06/2025 |
Resolved-The Final 1003 is Present - Due Diligence Vendor-05/20/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-05/14/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Home Improvement/Reno | 4011518 | N/A | N/A | |||
| XXXX | XXXX | 9127671 | Closed | 2025-05-02 20:42 | 2025-05-20 21:46 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Executed 4506-T Missing | Resolved-Borrower 2 Executed 4506-T Provided - Due Diligence Vendor-05/20/2025 Resolved-Borrower 1 Executed 4506-T Provided - Due Diligence Vendor-05/14/2025 Resolved-Borrower 2 Executed 4506-T Provided - Due Diligence Vendor-05/12/2025 Resolved-Borrower 1 Executed 4506-T Provided - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. Hi, please see attached. - Seller-05/05/2025 Open-Borrower 1 Executed 4506-T Missing The 4506C is missing from file for borrower 1. - Due Diligence Vendor-05/02/2025 |
Ready for Review-Document Uploaded. Hi, please see attached. - Seller-05/05/2025 |
Resolved-Borrower 2 Executed 4506-T Provided - Due Diligence Vendor-05/20/2025 Resolved-Borrower 1 Executed 4506-T Provided - Due Diligence Vendor-05/14/2025 Resolved-Borrower 2 Executed 4506-T Provided - Due Diligence Vendor-05/12/2025 Resolved-Borrower 1 Executed 4506-T Provided - Due Diligence Vendor-05/07/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Home Improvement/Reno | 4032982 | N/A | N/A | |||
| XXXX | XXXX | 9127671 | Closed | 2025-05-02 20:42 | 2025-05-14 13:32 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income and Employment Do Not Meet Guidelines | Resolved-Income and Employment Meet Guidelines - Due Diligence Vendor-05/14/2025 Ready for Review-Document Uploaded. Hi, please see attached. - Seller-05/12/2025 Counter-Requesting Letter of Explanation from borrower for the differences in the hourly wages. - Due Diligence Vendor-05/07/2025 Ready for Review-Hi, per UW - he used the lower of the two ($42.07). - Seller-05/06/2025 Open-Income and Employment Do Not Meet Guidelines The FNMA 1005 WVOE page 632 shows borrowers hourly wage is $42.07. Paystubs pages 461, 466 for Borrower 1 dated XXXX, XXXX show hourly wage of $50.56. There are other paystubs with the same date showing hourly wage is $42.07. - Due Diligence Vendor-05/02/2025 |
Ready for Review-Document Uploaded. Hi, please see attached. - Seller-05/12/2025 Ready for Review-Hi, per UW - he used the lower of the two ($42.07). - Seller-05/06/2025 |
Resolved-Income and Employment Meet Guidelines - Due Diligence Vendor-05/14/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Home Improvement/Reno | 4032983 | N/A | N/A | |||
| XXXX | XXXX | 9127671 | Closed | 2025-05-07 20:30 | 2025-05-12 13:46 | Resolved | 1 - Information | C | A | Compliance | Tolerance:FinanceCharge | Federal - Foreclosure Rescission Finance Charge Tolerance | Resolved-Resolved - Due Diligence Vendor-05/12/2025 Ready for Review-I see your XXXX. You are including the Appraisal Re-Inspection Fee (1004D) $225 as APR. This is not an APR Fee. - Seller-05/08/2025 Ready for Review-Document Uploaded. Please advise what fees you are included in the test. All of the fees are included. - Seller-05/08/2025 Open-The disclosed finance charge ($XXXX) is ($225.00) below the actual finance charge ($XXXX). For rescission after initiation of foreclosure, the Truth in Lending Act considers the disclosed finance charge inaccurate if it is more than $35 below the actual finance charge. (15 USC Sec. 1635(i)(2); OSC 17(c)(2)(ii)-1). - Due Diligence Vendor-05/07/2025 |
Ready for Review-I see your XXXX. You are including the Appraisal Re-Inspection Fee (1004D) $225 as APR. This is not an APR Fee. - Seller-05/08/2025 Ready for Review-Document Uploaded. Please advise what fees you are included in the test. All of the fees are included. - Seller-05/08/2025 |
Resolved-Resolved - Due Diligence Vendor-05/12/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Home Improvement/Reno | 4075020 | N/A | N/A | |||
| XXXX | XXXX | 9127671 | Closed | 2025-05-07 20:30 | 2025-05-12 13:46 | Resolved | 1 - Information | C | A | Compliance | Tolerance:FinanceCharge | Federal - Finance Charge Disclosure Tolerance (Closed End) | Resolved-Resolved - Due Diligence Vendor-05/12/2025 Ready for Review-I see your XXXX. You are including the Appraisal Re-Inspection Fee (1004D) $225 as APR. This is not an APR Fee. - Seller-05/08/2025 Ready for Review-Document Uploaded. Please double check as all the required fees are included as Finance Charge. - Seller-05/08/2025 Open-The disclosed finance charge ($XXXX) is ($225.00) below the actual finance charge($XXXX). The Truth in Lending Act considers the disclosed finance charge inaccurate if it is more than $100 below the actual finance charge. (12 CFR 1026.18(d)(1); OSC 17(c)(2)(ii)-1). - Due Diligence Vendor-05/07/2025 |
Ready for Review-I see your XXXX. You are including the Appraisal Re-Inspection Fee (1004D) $225 as APR. This is not an APR Fee. - Seller-05/08/2025 Ready for Review-Document Uploaded. Please double check as all the required fees are included as Finance Charge. - Seller-05/08/2025 |
Resolved-Resolved - Due Diligence Vendor-05/12/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Home Improvement/Reno | 4075021 | N/A | N/A | |||
| XXXX | XXXX | 9127671 | Closed | 2025-05-01 09:46 | 2025-05-07 20:30 | Resolved | 1 - Information | C | A | Compliance | Rescission:Disbursement | Federal - Right of Rescission (Loan Disbursement Violation) (TILA) | Resolved-PCCD uploaded to file and XXXX cleared. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. Hi, please see attached. - Seller-05/05/2025 Open-The loan disbursement date (XXXX) is earlier than, or the same day as, the calculated "Right to Cancel Expire Date" (XXXX). Under Regulation Z, funds may not be disbursed to the borrower until after the expiration of the rescission period. (Reg Z, 12 CFR 1026.23(c) and Official Staff Commentary) Provided RTC doc shows cancel date XXXX (which is rewritten along with sign) is same as disbursement date XXXX . Require updated final cd or PCCD with corrected disbursement date after cancel date. - Due Diligence Vendor-05/01/2025 |
Ready for Review-Document Uploaded. Hi, please see attached. - Seller-05/05/2025 |
Resolved-PCCD uploaded to file and XXXX cleared. - Due Diligence Vendor-05/07/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Home Improvement/Reno | 4012581 | N/A | N/A | |||
| XXXX | XXXX | 9128019 | Closed | 2025-05-02 12:41 | 2025-05-07 12:34 | Resolved | 1 - Information | C | A | Credit | Credit | DTI discrepancy or failure. | Resolved-UPDATED 1008 dti is now in line - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. 1008 - Updated DTI - Seller-05/06/2025 Open-Audited DTI is 28.78 and lender DTI is 23.92. the difference is 4.86. This is because (1) lender considered tax amount as $965 whereas per tax cert it is $85.05 monthly or $1,020.96 annually per page #576. (2) Lender considered HOA amount as $50 whereas per appraisal report it is $41.67 monthly or $500 annually. (3) Lender did not consider rent loss amount of $1,715 for REO property per page # 634. - Due Diligence Vendor-05/02/2025 |
Ready for Review-Document Uploaded. 1008 - Updated DTI - Seller-05/06/2025 |
Resolved-UPDATED 1008 dti is now in line - Due Diligence Vendor-05/07/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4025885 | N/A | N/A | |||
| XXXX | XXXX | 9128019 | Closed | 2025-05-02 11:51 | 2025-05-07 12:26 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Evidence of Property Tax Missing | Resolved-Evidence of Property Tax is present - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. Tax cert showing tax rate. This was used to calculate tax amount - Seller-05/06/2025 Open-Missing Evidence of Property Tax tax amount per tax cert on page #576 is $XXXX annually or $XXXX monthly. However lender considered tax amount as $XXXX. Provide proof of documentation validating this $XXXX tax amount. - Due Diligence Vendor-05/02/2025 |
Ready for Review-Document Uploaded. Tax cert showing tax rate. This was used to calculate tax amount - Seller-05/06/2025 |
Resolved-Evidence of Property Tax is present - Due Diligence Vendor-05/07/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4025536 | N/A | N/A | |||
| XXXX | XXXX | 9128019 | Closed | 2025-05-02 12:30 | 2025-05-07 11:36 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Third Party Fraud Report uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/07/2025 Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/06/2025 Open-Missing Third Party Fraud Report Provide fraud report as it is missing from file. - Due Diligence Vendor-05/02/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/06/2025 |
Resolved-Third Party Fraud Report uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/07/2025 Resolved-Third Party Fraud Report is provided - Due Diligence Vendor-05/07/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4025809 | N/A | N/A | |||
| XXXX | XXXX | 9128019 | Closed | 2025-05-02 12:07 | 2025-05-07 11:32 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/07/2025 Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. Gap Credit - Seller-05/06/2025 Open-Borrower 1 Gap Credit Report is Missing Provide GAP credit report as it is missing from file. - Due Diligence Vendor-05/02/2025 |
Ready for Review-Document Uploaded. Gap Credit - Seller-05/06/2025 |
Resolved-Borrower 1 Gap Credit uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/07/2025 Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-05/07/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4025644 | N/A | N/A | |||
| XXXX | XXXX | 9128019 | Closed | 2025-05-02 12:28 | 2025-05-07 11:23 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-Updated Final 1003 with Asset XXXX checking #XXXX removed uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/07/2025 Ready for Review-Document Uploaded. Updated 1003 – Removing XXXX acct - Seller-05/06/2025 Open-Asset Record 1 Does Not Meet G/L Requirements Provide proof of documentation for XXXX checking #XXXX for the amount of $XXXX as it is missing from file. - Due Diligence Vendor-05/02/2025 |
Ready for Review-Document Uploaded. Updated 1003 – Removing XXXX acct - Seller-05/06/2025 |
Resolved-Updated Final 1003 with Asset XXXX checking #XXXX removed uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/07/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4025795 | N/A | N/A | |||
| XXXX | XXXX | 9128018 | Closed | 2025-05-12 16:32 | 2025-05-14 16:14 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing income documentation | Resolved-DSCR income worksheet provided - Due Diligence Vendor-05/14/2025 Ready for Review-Document Uploaded. DSCR Calculations - Seller-05/13/2025 Open-missing DSCR income worksheet - Due Diligence Vendor-05/12/2025 |
Ready for Review-Document Uploaded. DSCR Calculations - Seller-05/13/2025 |
Resolved-DSCR income worksheet provided - Due Diligence Vendor-05/14/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4115288 | N/A | N/A | |||
| XXXX | XXXX | 9128018 | Closed | 2025-05-09 04:32 | 2025-05-14 09:01 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/14/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/14/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/13/2025 Open-Fraud Report Shows Uncleared Alerts Provide updated fraud report with all cleared alerts as the one on file shows uncleared alerts. - Due Diligence Vendor-05/09/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/13/2025 |
Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/14/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/14/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4089983 | N/A | N/A | |||
| XXXX | XXXX | 9128018 | Closed | 2025-05-09 04:13 | 2025-05-13 10:45 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Freddie SSR provided. - Due Diligence Vendor-05/13/2025 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-05/13/2025 Ready for Review-Document Uploaded. Freddie SSR - Seller-05/12/2025 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Provide Secondary Valuation or Additional Valuation as it is missing from file. - Due Diligence Vendor-05/09/2025 |
Ready for Review-Document Uploaded. Freddie SSR - Seller-05/12/2025 |
Resolved-Freddie SSR provided. - Due Diligence Vendor-05/13/2025 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-05/13/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4089943 | N/A | N/A | |||
| XXXX | XXXX | 9128063 | Closed | 2025-05-07 11:53 | 2025-06-05 11:46 | Resolved | 1 - Information | C | A | Credit | Assets | Asset General | Resolved-EMD held by Broker not Escrow. Resolved. - Due Diligence Vendor-06/05/2025 Ready for Review-Document Uploaded. Here is the EMD item. Borrower did not pay it, it was held from comission - Seller-06/04/2025 Counter-PCCD required reflecting $0.00 EMD per documentation provided. - Due Diligence Vendor-05/29/2025 Ready for Review-UW response - When working with escrow looks like they did not back out the EMD, but the borrower has sufficient verified funds to pay the EMD. - Seller-05/23/2025 Counter-PCCD required reflecting $0.00 EMD per documentation provided. - Due Diligence Vendor-05/19/2025 Resolved-updated 1003 provided does not reflect EMD of $5000- resolved - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. Updated 1003 - Seller-05/16/2025 Counter-Provide proof of documentation for the $5000 EMD mentioned in final 1003. The 1003 provided still reflects $5000 EMD. - Due Diligence Vendor-05/15/2025 Ready for Review-Document Uploaded. Updated 1008/1003 with EMD backed out - Seller-05/14/2025 Open-Provide proof of documentation for EMD fin the amount of $5,000 mentioned in final 1003 and final CD as it is not in file. - Due Diligence Vendor-05/07/2025 |
Ready for Review-Document Uploaded. Here is the EMD item. Borrower did not pay it, it was held from comission - Seller-06/04/2025 Ready for Review-UW response - When working with escrow looks like they did not back out the EMD, but the borrower has sufficient verified funds to pay the EMD. - Seller-05/23/2025 Ready for Review-Document Uploaded. Updated 1003 - Seller-05/16/2025 Ready for Review-Document Uploaded. Updated 1008/1003 with EMD backed out - Seller-05/14/2025 |
Resolved-EMD held by Broker not Escrow. Resolved. - Due Diligence Vendor-06/05/2025 Resolved-updated 1003 provided does not reflect EMD of $5000- resolved - Due Diligence Vendor-05/19/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4066845 | N/A | N/A | |||
| XXXX | XXXX | 9128063 | Closed | 2025-05-09 16:14 | 2025-05-14 15:23 | Resolved | 1 - Information | C | A | Credit | Credit | Assets not properly documented/insufficient | Resolved-evidence from title indicating $XXXX gift funds received at closing - Due Diligence Vendor-05/14/2025 Ready for Review-Document Uploaded. Gift Wire - Seller-05/13/2025 Open-missing gift funds- evidence of receipt - Due Diligence Vendor-05/09/2025 |
Ready for Review-Document Uploaded. Gift Wire - Seller-05/13/2025 |
Resolved-evidence from title indicating $XXXX gift funds received at closing - Due Diligence Vendor-05/14/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4096265 | N/A | N/A | |||
| XXXX | XXXX | 9128063 | Closed | 2025-05-07 11:26 | 2025-05-14 12:00 | Resolved | 1 - Information | D | A | Property | Missing Doc | Missing Homeowner's Association Questionnaire | Resolved-This project only has 2 units so a condo review is not required, Verified - Resolved - Due Diligence Vendor-05/14/2025 Ready for Review-Document Uploaded. UW Response: This project only has 2 units so a condo review is not required - Seller-05/13/2025 Open-HOA Questionnaire is Missing or Partial. Provide HOA Questionnaire as it is missing from file. - Due Diligence Vendor-05/07/2025 |
Ready for Review-Document Uploaded. UW Response: This project only has 2 units so a condo review is not required - Seller-05/13/2025 |
Resolved-This project only has 2 units so a condo review is not required, Verified - Resolved - Due Diligence Vendor-05/14/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4066644 | N/A | N/A | |||
| XXXX | XXXX | 9128063 | Closed | 2025-05-09 15:45 | 2025-05-09 15:55 | Resolved | 1 - Information | A | A | Credit | Missing Doc | Missing Homeowners Association Questionnaire | Resolved-HOA Questionnaire is Missing or Partial. duplicate - Due Diligence Vendor-05/09/2025 | Resolved-HOA Questionnaire is Missing or Partial. duplicate - Due Diligence Vendor-05/09/2025 |
XXXX | Primary Residence | Purchase | NA | 4095776 | N/A | N/A | |||||
| XXXX | XXXX | 9128029 | Closed | 2025-05-11 04:48 | 2025-05-23 17:32 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-Asset Record 1 Meets G/L Requirements - Due Diligence Vendor-05/23/2025 Resolved-Settlement statement from refinance of REO property XXXX Provided. Resolved - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. Final SS from the refi of other property - Seller-05/19/2025 Open-Asset Record 1 Does Not Meet G/L Requirements Documentation for "Other" Asset in the amount of $XXXX missing from file. - Due Diligence Vendor-05/11/2025 |
Ready for Review-Document Uploaded. Final SS from the refi of other property - Seller-05/19/2025 |
Resolved-Asset Record 1 Meets G/L Requirements - Due Diligence Vendor-05/23/2025 Resolved-Settlement statement from refinance of REO property XXXX Provided. Resolved - Due Diligence Vendor-05/20/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4107007 | N/A | N/A | |||
| XXXX | XXXX | 9128029 | Closed | 2025-05-10 17:13 | 2025-05-20 15:33 | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-05/20/2025 Resolved-Property is F&C per provided LOX from insurance agent stating no mortgage listed on the primary residence. Resolved - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. LOE from insurance agent stating no mortgagee so F/C property for VOM - Seller-05/19/2025 Open-Housing History Does Not Meet Guideline Requirements Provide proof of 12 months housing payment for primary residence as it is not in file. - Due Diligence Vendor-05/10/2025 |
Ready for Review-Document Uploaded. LOE from insurance agent stating no mortgagee so F/C property for VOM - Seller-05/19/2025 |
Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-05/20/2025 Resolved-Property is F&C per provided LOX from insurance agent stating no mortgage listed on the primary residence. Resolved - Due Diligence Vendor-05/20/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4105927 | N/A | N/A | |||
| XXXX | XXXX | 9128029 | Closed | 2025-05-10 17:30 | 2025-05-20 11:37 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts provided. Resolved - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/19/2025 Open-Fraud Report Shows Uncleared Alerts Fraud report reflect uncleared alerts. - Due Diligence Vendor-05/10/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/19/2025 |
Resolved-Updated Fraud Report with cleared alerts provided. Resolved - Due Diligence Vendor-05/20/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4106001 | N/A | N/A | |||
| XXXX | XXXX | 9128057 | Closed | 2025-05-13 10:00 | 2025-05-16 11:06 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Provided Fraud report shows All Fraud Report Alerts have been cleared. - Due Diligence Vendor-05/16/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/16/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/15/2025 Open-Fraud Report Shows Uncleared Alerts provide updated fraud report with all cleared alerts as the one on file shows uncleared alerts. - Due Diligence Vendor-05/13/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/15/2025 |
Resolved-Provided Fraud report shows All Fraud Report Alerts have been cleared. - Due Diligence Vendor-05/16/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/16/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4123726 | N/A | N/A | |||
| XXXX | XXXX | 9128043 | Closed | 2025-05-10 04:16 | 2025-05-15 09:52 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Document Uploaded. Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/15/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/15/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/14/2025 Open-Fraud Report Shows Uncleared Alerts Provide updated fraud report with all cleared alerts as the one on file shows uncleared alerts. - Due Diligence Vendor-05/10/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/14/2025 |
Resolved-Document Uploaded. Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/15/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/15/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4103344 | N/A | N/A | |||
| XXXX | XXXX | 9128048 | Closed | 2025-05-12 08:51 | 2025-05-19 14:12 | Resolved | 1 - Information | C | A | Credit | Credit | Corporation/LLC: Operating Agreement Document is missing | Resolved-Cert of Organization provided. - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. Cert of Organization - Seller-05/16/2025 Open-Vesting in the name of LLC, required Operating Agreement and articles of organization. - Due Diligence Vendor-05/12/2025 |
Ready for Review-Document Uploaded. Cert of Organization - Seller-05/16/2025 |
Resolved-Cert of Organization provided. - Due Diligence Vendor-05/19/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4109568 | N/A | N/A | |||
| XXXX | XXXX | 9128048 | Closed | 2025-05-12 07:06 | 2025-05-16 05:33 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/16/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/16/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/15/2025 Open-Fraud Report Shows Uncleared Alerts Fraud Report Shows Uncleared findings - Due Diligence Vendor-05/12/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/15/2025 |
Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/16/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/16/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4109233 | N/A | N/A | |||
| XXXX | XXXX | 9128042 | Closed | 2025-05-11 11:55 | 2025-08-22 22:21 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Updated Lender Income Calculation Worksheet uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/16/2025 Resolved-Validation Resolved' - Due Diligence Vendor-05/16/2025 Ready for Review-Document Uploaded. Income Worksheet - Seller-05/15/2025 Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Lender income calculation worksheet on page #366 for checking #XXXX is not reflecting legible numbers to verify eexact numbers. Per the final 1003, the qualifying income was $XXXX. provide correct lender worksheet validating this amount. - Due Diligence Vendor-05/11/2025 |
Ready for Review-Document Uploaded. Income Worksheet - Seller-05/15/2025 |
Resolved-Updated Lender Income Calculation Worksheet uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/16/2025 Resolved-Validation Resolved' - Due Diligence Vendor-05/16/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4107681 | N/A | N/A | |||
| XXXX | XXXX | 9128042 | Closed | 2025-05-13 16:15 | 2025-05-29 12:04 | Resolved | 1 - Information | C | A | Property | Appraisal | Appraisal | Resolved-Title Supplement correcting Address City provided. Resolved. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. Title Supp showing the correct City name - Seller-05/28/2025 Open-subject address listed on the in file appraisal report reflects XXXX as the city, however, in file Title Report indicates subject city as XXXX. please confirm - Due Diligence Vendor-05/13/2025 |
Ready for Review-Document Uploaded. Title Supp showing the correct City name - Seller-05/28/2025 |
Resolved-Title Supplement correcting Address City provided. Resolved. - Due Diligence Vendor-05/29/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4128433 | N/A | N/A | |||
| XXXX | XXXX | 9128042 | Closed | 2025-05-11 12:27 | 2025-05-22 10:02 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Gap Credit Report is Missing | Resolved-Borrower 2 Gap Credit Report uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/22/2025 Resolved-Borrower 2 Gap Credit Report is not missing. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. Gap Credit - Seller-05/21/2025 Open-Borrower 2 Gap Credit Report is Missing Provide B2 GAP credit report as it is missing from file. - Due Diligence Vendor-05/11/2025 |
Ready for Review-Document Uploaded. Gap Credit - Seller-05/21/2025 |
Resolved-Borrower 2 Gap Credit Report uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/22/2025 Resolved-Borrower 2 Gap Credit Report is not missing. - Due Diligence Vendor-05/22/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4107725 | N/A | N/A | |||
| XXXX | XXXX | 9128042 | Closed | 2025-05-11 12:27 | 2025-05-22 10:01 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Gap Credit Report is Missing | Resolved-Borrower 1 Gap Credit Report uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/22/2025 Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. Gap Credit - Seller-05/21/2025 Open-Borrower 1 Gap Credit Report is Missing Provide B1 GAP credit report as it is missing from file. - Due Diligence Vendor-05/11/2025 |
Ready for Review-Document Uploaded. Gap Credit - Seller-05/21/2025 |
Resolved-Borrower 1 Gap Credit Report uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/22/2025 Resolved-Borrower 1 Gap Credit Report is not missing. - Due Diligence Vendor-05/22/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4107724 | N/A | N/A | |||
| XXXX | XXXX | 9128042 | Closed | 2025-05-11 12:44 | 2025-05-16 04:58 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/16/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/16/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/15/2025 Open-Fraud Report Shows Uncleared Alerts Provide updated fraud report with all cleared alerts as the one on file shows uncleared alerts. - Due Diligence Vendor-05/11/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/15/2025 |
Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/16/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/16/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4107767 | N/A | N/A | |||
| XXXX | XXXX | 9128042 | Closed | 2025-05-11 12:32 | 2025-05-14 08:19 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Loan Collateral Advisor with CU score less than 2.5 provided, Verified & entered in system - Resolved - Due Diligence Vendor-05/14/2025 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-05/14/2025 Ready for Review-Document Uploaded. Freddie SSR - Seller-05/13/2025 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Provide Secondary Valuation or Additional Valuation as it is missing from file. - Due Diligence Vendor-05/11/2025 |
Ready for Review-Document Uploaded. Freddie SSR - Seller-05/13/2025 |
Resolved-Loan Collateral Advisor with CU score less than 2.5 provided, Verified & entered in system - Resolved - Due Diligence Vendor-05/14/2025 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-05/14/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4107731 | N/A | N/A | |||
| XXXX | XXXX | 9128059 | Closed | 2025-05-10 05:19 | 2025-05-22 14:00 | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. Updated 1003 - Seller-05/21/2025 Counter-Please provide updated 1003 to reflect primary residence in REO with referenced mortgage - Due Diligence Vendor-05/16/2025 Ready for Review-Document Uploaded. VOM - Seller-05/15/2025 Open-Housing History Does Not Meet Guideline Requirements 12 month housing history for primary residence missing from file. - Due Diligence Vendor-05/10/2025 |
Ready for Review-Document Uploaded. Updated 1003 - Seller-05/21/2025 Ready for Review-Document Uploaded. VOM - Seller-05/15/2025 |
Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-05/22/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4103496 | N/A | N/A | |||
| XXXX | XXXX | 9128059 | Closed | 2025-05-10 05:55 | 2025-05-16 14:01 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-05/16/2025 Ready for Review-Document Uploaded. Final HUD1 signed and stamped certified - Seller-05/14/2025 Open-Final HUD-1 Document is Missing. Provide true and certified final HUD1 as the one on file is missing settlement agent sign. - Due Diligence Vendor-05/10/2025 |
Ready for Review-Document Uploaded. Final HUD1 signed and stamped certified - Seller-05/14/2025 |
Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-05/16/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4103594 | N/A | N/A | |||
| XXXX | XXXX | 9128059 | Closed | 2025-05-10 05:29 | 2025-05-15 09:54 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/15/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/15/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/14/2025 Open-Fraud Report Shows Uncleared Alerts Provide updated fraud report with all cleared alerts as the one on file shows uncleared alerts. - Due Diligence Vendor-05/10/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/14/2025 |
Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/15/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/15/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4103527 | N/A | N/A | |||
| XXXX | XXXX | 9128059 | Closed | 2025-05-10 05:21 | 2025-05-14 08:41 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Loan Collateral Advisor with CU score less than 2.5 provided, Verified & entered in system - Resolved - Due Diligence Vendor-05/14/2025 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-05/14/2025 Ready for Review-Document Uploaded. Freddie SSR - Seller-05/13/2025 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Provide Secondary Valuation or Additional Valuation as it is missing from file. - Due Diligence Vendor-05/10/2025 |
Ready for Review-Document Uploaded. Freddie SSR - Seller-05/13/2025 |
Resolved-Loan Collateral Advisor with CU score less than 2.5 provided, Verified & entered in system - Resolved - Due Diligence Vendor-05/14/2025 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-05/14/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4103507 | N/A | N/A | |||
| XXXX | XXXX | 9186031 | Closed | 2025-05-13 09:48 | 2025-05-15 12:32 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Reserves Does not meet GL's, provided Updated HUD-1 proceeds from sale, Changes made in system, Finding Resolved - Due Diligence Vendor-05/15/2025 Resolved-Audited Reserves of 16.63 month(s) are greater than or equal to Guideline Required Reserves of 4 month(s) - Due Diligence Vendor-05/15/2025 Ready for Review-Document Uploaded. 5/14/25 - WJ - Uploaded final HUD from refi and XXXX statement which combined supports adequate funds for reserves. - Seller-05/14/2025 Open-Audited Reserves of 2.14 month(s) are less than Guideline Required Reserves of 4 month(s) Required additional Assets to qualify the reserves. Provided HID-1, line 204 shows Cash from XXXX iao $XXXX. Value cannot be verified without accompanied sales proceeds documentation - Due Diligence Vendor-05/13/2025 |
Ready for Review-Document Uploaded. 5/14/25 - WJ - Uploaded final HUD from refi and XXXX statement which combined supports adequate funds for reserves. - Seller-05/14/2025 |
Resolved-Reserves Does not meet GL's, provided Updated HUD-1 proceeds from sale, Changes made in system, Finding Resolved - Due Diligence Vendor-05/15/2025 Resolved-Audited Reserves of 16.63 month(s) are greater than or equal to Guideline Required Reserves of 4 month(s) - Due Diligence Vendor-05/15/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4123682 | N/A | N/A | |||
| XXXX | XXXX | 9186032 | Closed | 2025-05-11 14:39 | 2025-05-28 13:05 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Reserves not met, proceeds from sale missing, provided Hud-1 Document, changes made in system, Finding Resolved - Due Diligence Vendor-05/28/2025 Resolved-Audited Reserves of 16.58 month(s) are greater than or equal to Guideline Required Reserves of 4 month(s) - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. 5/27/25 - WJ - Please refer to the uploaded HUD from XXXX Refi #XXXX which shows that $XXXX was directly transferred to the subject loan. That amount plus the verified XXXX which supports enough funds for reserves. Also uploaded corrected sizer. - Seller-05/27/2025 Open-Audited Reserves of 2.14 month(s) are less than Guideline Required Reserves of 4 month(s) Required Additional Assets to Qualify the Reserves. As per final HUD-1, No cash to amount provided, in line 204 provided Transfer of funds from XXXX No provided to as proceed from sales - Due Diligence Vendor-05/11/2025 |
Ready for Review-Document Uploaded. 5/27/25 - WJ - Please refer to the uploaded HUD from XXXX Refi #XXXX which shows that $XXXX was directly transferred to the subject loan. That amount plus the verified XXXX which supports enough funds for reserves. Also uploaded corrected sizer. - Seller-05/27/2025 |
Resolved-Reserves not met, proceeds from sale missing, provided Hud-1 Document, changes made in system, Finding Resolved - Due Diligence Vendor-05/28/2025 Resolved-Audited Reserves of 16.58 month(s) are greater than or equal to Guideline Required Reserves of 4 month(s) - Due Diligence Vendor-05/28/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4108010 | N/A | N/A | |||
| XXXX | XXXX | 9186034 | Closed | 2025-05-14 19:33 | 2025-05-16 18:34 | Resolved | 1 - Information | C | A | Credit | Credit | Borrowing Entity / Individual has insufficient experience | Resolved-Client provided revised REO with proof of ownership for 12 months. - Due Diligence Vendor-05/16/2025 Ready for Review-Document Uploaded. 5/15/25 - WJ - Uploaded REO schedule with corresponding property profile to support experience - Seller-05/15/2025 Open-GL indicates 3 properties is considered for property experience. The Loan Application contains only two properties. Requesting revised REO property schedule to meet the experience qualification of three properties including a property report for the third property. Also, the property report for XXXX is missing. - Due Diligence Vendor-05/14/2025 |
Ready for Review-Document Uploaded. 5/15/25 - WJ - Uploaded REO schedule with corresponding property profile to support experience - Seller-05/15/2025 |
Resolved-Client provided revised REO with proof of ownership for 12 months. - Due Diligence Vendor-05/16/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4142737 | N/A | N/A | |||
| XXXX | XXXX | 9186024 | Closed | 2025-05-12 16:27 | 2025-05-15 11:50 | Resolved | 1 - Information | C | A | Credit | Credit | Borrowing Entity / Individual has insufficient experience | Resolved-Borrowing entity has insufficient experience, provided updated Reo Schedule which meets borrowing has sufficient experience, changes made in system, Finding Resolved - Due Diligence Vendor-05/15/2025 Ready for Review-Document Uploaded. 5/14/25 - WJ - Uploaded REO schedule and supporting property profiles to support borrower experience. - Seller-05/14/2025 Open-XXXX Property profiles of these properties missing in the loan file to verify the ownership of the property. Provide the supporting documents to verify the same. - Due Diligence Vendor-05/12/2025 |
Ready for Review-Document Uploaded. 5/14/25 - WJ - Uploaded REO schedule and supporting property profiles to support borrower experience. - Seller-05/14/2025 |
Resolved-Borrowing entity has insufficient experience, provided updated Reo Schedule which meets borrowing has sufficient experience, changes made in system, Finding Resolved - Due Diligence Vendor-05/15/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4115223 | N/A | N/A | |||
| XXXX | XXXX | 9186025 | Closed | 2025-05-10 06:52 | 2025-05-13 07:14 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Requested updated HOI Policy provided with the effective date of XXXX which is within the disbursement date XXXX hence resolved. - Due Diligence Vendor-05/13/2025 Ready for Review-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX - Due Diligence Vendor-05/13/2025 Ready for Review-Document Uploaded. - Seller-05/12/2025 Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX - Due Diligence Vendor-05/10/2025 |
Ready for Review-Document Uploaded. - Seller-05/12/2025 |
Resolved-Requested updated HOI Policy provided with the effective date of XXXX which is within the disbursement date 04/24/2025 hence resolved. - Due Diligence Vendor-05/13/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4103777 | N/A | N/A | |||
| XXXX | XXXX | 9186026 | Closed | 2025-05-15 15:44 | 2025-05-21 16:06 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Updated XXXX with cleared Alerts. Resolved. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. 5/19/25 - WJ - Uploaded Final DataVerify - Seller-05/19/2025 Open-Missing Third Party Fraud Report Drive report with High Alert for XXXX and Originator XXXX. Requesting documentation Underwriter cleared Alerts. - Due Diligence Vendor-05/15/2025 |
Ready for Review-Document Uploaded. 5/19/25 - WJ - Uploaded Final DataVerify - Seller-05/19/2025 |
Resolved-Updated XXXX with cleared Alerts. Resolved. - Due Diligence Vendor-05/21/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4151220 | N/A | N/A | |||
| XXXX | XXXX | 9186035 | Closed | 2025-05-19 20:35 | 2025-05-23 13:25 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Additional statements received to cover required reserves. - Due Diligence Vendor-05/23/2025 Ready for Review-Document Uploaded. 5/22/25 - WJ - Uploaded the following statements which support verified assets of $XXXX; required verified assets are $XXXX) - Seller-05/22/2025 Open-Qualifying Total Reserves Number of Months 'XXXX' is less than Required Months of Subject Property Reserves '8'. Per G/L's When cash out refinance and FICO <680, 8- months reserves required for properties with a lease in effect prior to funding. Cash out proceeds may not be used to satisfy reserve requirements regardless of LTV. Additional assets needed. - Due Diligence Vendor-05/19/2025 |
Ready for Review-Document Uploaded. 5/22/25 - WJ - Uploaded the following statements which support verified assets of $XXXX; required verified assets are $XXXX) - Seller-05/22/2025 |
Resolved-Additional statements received to cover required reserves. - Due Diligence Vendor-05/23/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4184014 | N/A | N/A | |||
| XXXX | XXXX | 9186035 | Closed | 2025-05-12 10:41 | 2025-05-19 11:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Missing | Resolved-Flood Certificate provided updated NFIP Community Number & NFIP Community Panel Number as None & NFIP Map Panel Date as Closing date. Per document - Federal Flood Insurance is not available (community does not participate in the NFIP) - Due Diligence Vendor-05/19/2025 Resolved-Flood Certificate is fully present - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. Provided in initial loan file labeled as: "XXXX" - Seller-05/15/2025 Open-Missing Flood Certificate Provided Flood cert has no NFIP Community Number and NFIP Community Panel Number. Please Provide Updated Flood Cert - Due Diligence Vendor-05/12/2025 |
Ready for Review-Document Uploaded. Provided in initial loan file labeled as: "XXXX" - Seller-05/15/2025 |
Resolved-Flood Certificate provided updated NFIP Community Number & NFIP Community Panel Number as None & NFIP Map Panel Date as Closing date. Per document - Federal Flood Insurance is not available (community does not participate in the NFIP) - Due Diligence Vendor-05/19/2025 Resolved-Flood Certificate is fully present - Due Diligence Vendor-05/19/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4110028 | N/A | N/A | |||
| XXXX | XXXX | 9128041 | Closed | 2025-06-02 15:34 | 2025-06-04 11:49 | Resolved | 1 - Information | C | A | Credit | Credit | DSCR unknown | Resolved-Updated/Corrected DSCR calculator received. Issue resolved. - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. DSCR - Seller-06/03/2025 Open-• Per the DSCR calculator in file, the Lender's DSCR is 1.015 ($XXXX). PITIA is: XXXX Audit DSCR is XXXX). PITIA is: $XXXX. The difference is in Taxes & Insurance. Audit taxes are from the Tax Roll Inquiry($XXXX) and Audit Insurance is from the Insurance Premium document ($XXXX). - Due Diligence Vendor-06/02/2025 |
Ready for Review-Document Uploaded. DSCR - Seller-06/03/2025 |
Resolved-Updated/Corrected DSCR calculator received. Issue resolved. - Due Diligence Vendor-06/04/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4299415 | N/A | N/A | |||
| XXXX | XXXX | 9128041 | Closed | 2025-05-13 07:46 | 2025-06-02 15:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/22/2025 Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/16/2025 Open-Fraud Report Shows Uncleared Alerts Provide updated fraud report with all cleared alerts a the one on file shows uncleared alerts. - Due Diligence Vendor-05/13/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/16/2025 |
Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/22/2025 Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/19/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4123318 | N/A | N/A | |||
| XXXX | XXXX | 9128041 | Closed | 2025-05-14 19:09 | 2025-05-19 16:23 | Resolved | 1 - Information | C | A | Compliance | TRID | Final CD: Calculating Cash to Close Closing Costs Paid, Closing Costs Financed, Down Pmt, Deposit, and/or Funds for Borrower discrepancy | Resolved-received final SS, EMD of $XXXX is not reflected- resolved - Due Diligence Vendor-05/19/2025 Ready for Review-received final SS, EMD of $XXXX is not reflected- resolved - Due Diligence Vendor-05/19/2025 Ready for Review-Document Uploaded. Final SS - No EMD - Seller-05/16/2025 Open-per contract $XXXX EMD required. documentation verifying funds received missing and not included on final settlement statement. - Due Diligence Vendor-05/14/2025 |
Ready for Review-Document Uploaded. Final SS - No EMD - Seller-05/16/2025 |
Resolved-received final SS, EMD of $XXXX is not reflected- resolved - Due Diligence Vendor-05/19/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4142263 | N/A | N/A | |||
| XXXX | XXXX | 9128037 | Closed | 2025-05-14 10:02 | 2025-06-20 17:07 | Resolved | 1 - Information | C | A | Credit | Borrower | Discrepancy between 1008 Page Qualifying FICO and actual Qualifying FICO | Resolved-Validation Resolved - Due Diligence Vendor-06/04/2025 Resolved-Updated 1008 with correct FICO provided. Resolved - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. 1008 - Seller-05/19/2025 Open-Qualifying FICO on the 1008 Page is '747' or blank, but the Qualifying FICO from the Credit Liabilities Page is '748' or blank. Qualifying FICO entries do not match. Please confirm the correct Qualifying FICO value. Qualifying FICO Selection Considered "Primary Wage Earner Mid Score" per guidelines. - Due Diligence Vendor-05/14/2025 |
Ready for Review-Document Uploaded. 1008 - Seller-05/19/2025 |
Resolved-Validation Resolved - Due Diligence Vendor-06/04/2025 Resolved-Updated 1008 with correct FICO provided. Resolved - Due Diligence Vendor-05/20/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4135638 | N/A | N/A | |||
| XXXX | XXXX | 9128037 | Closed | 2025-05-15 19:54 | 2025-06-20 17:07 | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Updated documentation verifies payment history. Resolved. - Due Diligence Vendor-06/04/2025 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. All attached. 2 months were paid out of different accts - Seller-06/03/2025 Counter-Per XXXX payment log: Lease start date of XXXX. Proof of 1st and security deposit missing. If 1st month paid, then the 1st month due would be XXXX. XXXX payment log does not show any XXXX rent paid. First payment made XXXX. XXXX only reflects $100 rent paid and $XXXX short, December does not reflect any rent paid. VOR in not valid due to Non Arms Length Transaction. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. VOR attached. Log had 1 lower payment. Not sure why but VOR does not state any lates. - Seller-05/28/2025 Counter-Payment log provided does not match lease amount due of $XXXX - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. 2025 Payments - Seller-05/19/2025 Open-Housing History Does Not Meet Guideline Requirements Per XXXX, VOR is not acceptable for Non Arm's length Transaction. 12 months cancelled check required. Lease for subject property commencement date XXXX. XXXX verification only provides for 11 months (pages 188, 191 and 223). Missing 2/25 payment - Due Diligence Vendor-05/15/2025 |
Ready for Review-Document Uploaded. All attached. 2 months were paid out of different accts - Seller-06/03/2025 Ready for Review-Document Uploaded. VOR attached. Log had 1 lower payment. Not sure why but VOR does not state any lates. - Seller-05/28/2025 Ready for Review-Document Uploaded. 2025 Payments - Seller-05/19/2025 |
Resolved-Updated documentation verifies payment history. Resolved. - Due Diligence Vendor-06/04/2025 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-06/04/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4155765 | N/A | N/A | |||
| XXXX | XXXX | 9128037 | Closed | 2025-05-20 16:29 | 2025-06-20 16:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-B2 Income Worksheet provided. Resolved. - Due Diligence Vendor-05/30/2025 Resolved-Validation Resolved' - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. Income Worksheet updated, our 1003 had $XXXX which now matches with the income calc - Seller-05/28/2025 Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Income Worksheet for Borrower 2 reflects $XXXX monthly income used for UW. $XXXX does not match income per 1003/1008 for Borrower 2. - Due Diligence Vendor-05/20/2025 |
Ready for Review-Document Uploaded. Income Worksheet updated, our 1003 had $XXXX which now matches with the income calc - Seller-05/28/2025 |
Resolved-B2 Income Worksheet provided. Resolved. - Due Diligence Vendor-05/30/2025 Resolved-Validation Resolved' - Due Diligence Vendor-05/30/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4193173 | N/A | N/A | |||
| XXXX | XXXX | 9128037 | Closed | 2025-05-14 13:02 | 2025-05-30 14:01 | Resolved | 1 - Information | C | A | Credit | Credit | DTI unknown | Resolved-updated DTI meets GL's. Resolved. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. Income worksheet updated - Seller-05/28/2025 Counter-DTI calculation validating as follows, PITIA$XXXX+ REO rental income (per 1003 provided) $XXXX + Monthly payment $XXXX= $XXXX/ Income $XXXX ($XXXX + $XXXX)=45.07% DTI. - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. UW response - push back with the 1008 and rents. The rents are higher than what XXXX is calculating - Seller-05/19/2025 Open-DTI Variance 4.26 greater than 1% tolerance due to all other monthly payment discrepancy between actual payments and 1008. Actual DTI calculation validating as follows, PITIA$XXXX+ Reo rental income $XXXX + Monthly payment $XXXX=45.07% DTI. - Due Diligence Vendor-05/14/2025 |
Ready for Review-Document Uploaded. Income worksheet updated - Seller-05/28/2025 Ready for Review-Document Uploaded. UW response - push back with the 1008 and rents. The rents are higher than what XXXX is calculating - Seller-05/19/2025 |
Resolved-updated DTI meets GL's. Resolved. - Due Diligence Vendor-05/30/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4136826 | N/A | N/A | |||
| XXXX | XXXX | 9128037 | Closed | 2025-05-14 12:29 | 2025-05-30 13:59 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited DTI Exceeds Guideline DTI Requirements | Resolved-Updated DTI meets GL's. resolved. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. Income worksheet updated - Seller-05/28/2025 Counter-DTI calculation validating as follows, PITIA$XXXX+ REO rental income (per 1003 provided) $XXXX + Monthly payment $XXXX= $XXXX/ Income $XXXX ($XXXX)=45.07% DTI. - Due Diligence Vendor-05/20/2025 Resolved-DTI is now below 45%, with in GL requirements. Resolved - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. UW response - push back with the 1008 and rents. The rents are higher than what XXXX is calculating - Seller-05/19/2025 Open-Audited DTI of 45.07% exceeds Guideline DTI of 45% Audited DTI 45.07 Exceeding Guidelines DTI 45% Max DTI allowed 45% for LTV greater than or equal to 85% LTV, Audited LTV 90%. - Due Diligence Vendor-05/14/2025 |
Ready for Review-Document Uploaded. Income worksheet updated - Seller-05/28/2025 Ready for Review-Document Uploaded. UW response - push back with the 1008 and rents. The rents are higher than what XXXX is calculating - Seller-05/19/2025 |
Resolved-Updated DTI meets GL's. resolved. - Due Diligence Vendor-05/30/2025 Resolved-DTI is now below 45%, with in GL requirements. Resolved - Due Diligence Vendor-05/20/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4136498 | N/A | N/A | |||
| XXXX | XXXX | 9128037 | Closed | 2025-05-15 19:08 | 2025-05-30 12:53 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-Income Worksheet provided. Income matching across all documentation. Resolved - Due Diligence Vendor-05/30/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. Income Worksheet updated - Seller-05/28/2025 Counter-1003 Income does not match UW Income Worksheet which states Income used for UW is $XXXX. - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. 1003 - Seller-05/19/2025 Open-The Final 1003 is Incomplete B2 Income on F1003 reflects $XXXX plus Other $XXXX for total $XXXX. Per Worksheet page 793, Other income is not selected to be included for a Qualifying Income of $6000. - Due Diligence Vendor-05/15/2025 |
Ready for Review-Document Uploaded. Income Worksheet updated - Seller-05/28/2025 Ready for Review-Document Uploaded. 1003 - Seller-05/19/2025 |
Resolved-Income Worksheet provided. Income matching across all documentation. Resolved - Due Diligence Vendor-05/30/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-05/30/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4154871 | N/A | N/A | |||
| XXXX | XXXX | 9128037 | Closed | 2025-05-14 13:13 | 2025-05-30 12:52 | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-05/30/2025 Resolved-Income Worksheet provided. Income matching across all documentation. Resolved - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. Income worksheet updated - Seller-05/28/2025 Counter-Provided 1008 Income section reflects Borrower 1 income $XXXX, Borrower 2 income of $XXXX for a total income of $XXXX. Borrower 2 income on 1008 of $XXXX does not match UW Income Worksheet which reflects Borrower 2 income used for underwriting is $XXXX. Income Total should reflect $XXXX based on UW Income Worksheet. - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. 1008 - Seller-05/19/2025 Open-The 1008 document is missing from the loan file. Provide 1008 with correct Income calculation. 1008 Income for B1 $XXXX & B2 $XXXX Totaling $XXXX, 1008 reflecting $XXXX & B2 Income $XXXX not matching with 1003 $XXXX or worksheet income of $XXXX. Additionally, Qualifying FICO reflects 747 does not match credit scores on credit reports. - Due Diligence Vendor-05/14/2025 |
Ready for Review-Document Uploaded. Income worksheet updated - Seller-05/28/2025 Ready for Review-Document Uploaded. 1008 - Seller-05/19/2025 |
Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-05/30/2025 Resolved-Income Worksheet provided. Income matching across all documentation. Resolved - Due Diligence Vendor-05/30/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4136937 | N/A | N/A | |||
| XXXX | XXXX | 9128037 | Closed | 2025-05-14 12:28 | 2025-05-15 20:44 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.498%) APR equals or exceeds the Federal HPML threshold of (8.15%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.65%).(12 CFR 1026.35(a)(1)(i)) TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg 528 and the Final Closing disclosure on Pg 247 reflects escrows. Rate lock date was entered correctly – see Pg 621. An interior and exterior appraisal was completed for this property – see pg 44, the appraisal disclosure was provided to the borrower(s)- see Pg 42, 43, and confirmation the appraisal was delivered to the borrower – see Pg 225. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-05/14/2025 | Resolved-The loan's (9.498%) APR equals or exceeds the Federal HPML threshold of (8.15%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.65%).(12 CFR 1026.35(a)(1)(i)) TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg 528 and the Final Closing disclosure on Pg 247 reflects escrows. Rate lock date was entered correctly – see Pg 621. An interior and exterior appraisal was completed for this property – see pg 44, the appraisal disclosure was provided to the borrower(s)- see Pg 42, 43, and confirmation the appraisal was delivered to the borrower – see Pg 225. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-05/14/2025 |
XXXX | Primary Residence | Purchase | NA | 4136487 | N/A | N/A | |||||
| XXXX | XXXX | 9128016 | Closed | 2025-05-15 06:15 | 2025-05-20 15:32 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-05/20/2025 Resolved-received final HUD1 - resolved - Due Diligence Vendor-05/16/2025 Ready for Review-Document Uploaded. Final HUD1 signed by all parties - Seller-05/15/2025 Open-Final HUD-1 Document is Missing. Final HUD-1 or Final Settlement Statement Document is Missing, Provide the updated FINAL HUD-1 Document with Settlement Agent Signature. - Due Diligence Vendor-05/15/2025 |
Ready for Review-Document Uploaded. Final HUD1 signed by all parties - Seller-05/15/2025 |
Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-05/20/2025 Resolved-received final HUD1 - resolved - Due Diligence Vendor-05/16/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4146293 | N/A | N/A | |||
| XXXX | XXXX | 9128016 | Closed | 2025-05-15 06:55 | 2025-05-20 11:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Verification of Rent | Resolved-As per guidelines need 2 months rent payment proof need to use higher rent & April Rent Check proof provided. Finding resolved. - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. April Rent Check - Seller-05/19/2025 Open-Missing Verification of Rent DSCR Ratio Qualifying with Higher than the Market Rent so we required 2 months Market rent. in file on page# 67 we have only 1 month Lease $XXXX Payment and 1 Month Market Rent $XXXX Payment available. - Due Diligence Vendor-05/15/2025 |
Ready for Review-Document Uploaded. April Rent Check - Seller-05/19/2025 |
Resolved-As per guidelines need 2 months rent payment proof need to use higher rent & April Rent Check proof provided. Finding resolved. - Due Diligence Vendor-05/20/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4146468 | N/A | N/A | |||
| XXXX | XXXX | 9128016 | Closed | 2025-05-15 05:46 | 2025-05-20 10:12 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Provided Fraud Report shows All Fraud Report Alerts have been cleared. - Due Diligence Vendor-05/20/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/19/2025 Open-Fraud Report Shows Uncleared Alerts Provide the updated fraud report, Fraud Report Shows Uncleared Alerts. - Due Diligence Vendor-05/15/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/19/2025 |
Resolved-Provided Fraud Report shows All Fraud Report Alerts have been cleared. - Due Diligence Vendor-05/20/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/20/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4146137 | N/A | N/A | |||
| XXXX | XXXX | 9128008 | Closed | 2025-05-16 07:46 | 2025-06-09 09:56 | Resolved | 1 - Information | C | A | Property | Appraisal | Property/Appraisal General | Resolved-Updated Appraisal uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. Updated Appraisal - Seller-06/06/2025 Open-Subject property has lease but appraisal reflects owner occupied and 1007 does not reflects the current lease. - Due Diligence Vendor-05/20/2025 |
Ready for Review-Document Uploaded. Updated Appraisal - Seller-06/06/2025 |
Resolved-Updated Appraisal uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-06/09/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4160554 | N/A | N/A | |||
| XXXX | XXXX | 9128008 | Closed | 2025-05-16 07:36 | 2025-05-28 15:43 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Received updated approval letter LOw DSCR - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. Updated Approval - Seller-05/27/2025 Counter-WIll also need updated approval showing updated program. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. DSCR - Seller-05/20/2025 Open-Calculated DSCR ($XXXX = 0.950), so file fall's under Low-Ratio DSCR Program and tape also reflects as Low-Ratio but given loan approval page 322 reflects kind DSCR, Required updated lender approval doc with correct loan program. - Due Diligence Vendor-05/16/2025 |
Ready for Review-Document Uploaded. Updated Approval - Seller-05/27/2025 Ready for Review-Document Uploaded. DSCR - Seller-05/20/2025 |
Resolved-Received updated approval letter LOw DSCR - Due Diligence Vendor-05/28/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4160520 | N/A | N/A | |||
| XXXX | XXXX | 9128008 | Closed | 2025-05-16 06:42 | 2025-05-21 12:16 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Received exception for LTV. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. Exception Approval - Seller-05/20/2025 Open-Audited LTV of 66.04% exceeds Guideline LTV of 65% Low DSCR file, per Matrix max LTV is 65% for Cash out file but files LTV is 66.04%. - Due Diligence Vendor-05/16/2025 |
Ready for Review-Document Uploaded. Exception Approval - Seller-05/20/2025 |
Waived-Received exception for LTV. - Due Diligence Vendor-05/21/2025 |
XXXX | 1. Borrower has a credit score of 810 and minimum needed is 640 2. Borrower has 0x30x36 primary history and minimum needed is 12 months. |
XXXX | Investment | Refinance | Cash Out - Other | 4160122 | Originator Pre-Close | Yes | ||
| XXXX | XXXX | 9128008 | Closed | 2025-05-16 06:46 | 2025-05-21 08:57 | Resolved | 1 - Information | C | A | Credit | Eligibility | Fraud Report Shows Uncleared Alerts | Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/21/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/20/2025 Open-Fraud Report Shows Uncleared Alerts Fraud Report Shows Uncleared Findings - Due Diligence Vendor-05/16/2025 |
Ready for Review-Document Uploaded. Cleared Alerts - Seller-05/20/2025 |
Resolved-Updated Fraud Report with cleared alerts uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/21/2025 Resolved-All Fraud Report Alerts have been cleared or None Exist - Due Diligence Vendor-05/21/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4160127 | N/A | N/A | |||
| XXXX | XXXX | 9128008 | Closed | 2025-05-16 07:43 | 2025-05-21 08:54 | Resolved | 1 - Information | C | A | Credit | Credit | DSCR unknown | Resolved-DSCR Worksheet uploaded, Audited DSCR matches with the DSCR worksheet, Verified - Resolved - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. DSCR - Seller-05/20/2025 Open-Lease Rent is $3200 and 1007 Rent is $3250, need to use lower rent for DSCR calculation but DSCR worksheet page 366, used highest rent, calculated DSCR (Rent $3200 / PITIA $3367.58 =DSCR 0.950) not matching with tape or worksheet (Rent $3250 / PITIA $3367.58 = 0.965) - Due Diligence Vendor-05/16/2025 |
Ready for Review-Document Uploaded. DSCR - Seller-05/20/2025 |
Resolved-DSCR Worksheet uploaded, Audited DSCR matches with the DSCR worksheet, Verified - Resolved - Due Diligence Vendor-05/21/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4160549 | N/A | N/A | |||
| XXXX | XXXX | 9128008 | Closed | 2025-05-16 07:22 | 2025-05-21 08:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-Updated 1008 Document uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/21/2025 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-05/21/2025 Ready for Review-Document Uploaded. 1008 - Seller-05/20/2025 Open-The 1008 document is missing from the loan file. Given 1008 loan amount not matching with note and LTV not matching. Required updated 1008 with correct loan amount and LTV. - Due Diligence Vendor-05/16/2025 |
Ready for Review-Document Uploaded. 1008 - Seller-05/20/2025 |
Resolved-Updated 1008 Document uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/21/2025 Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-05/21/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4160491 | N/A | N/A | |||
| XXXX | XXXX | 9128008 | Closed | 2025-05-19 16:19 | 2025-05-20 13:11 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-05/20/2025 Ready for Review-Document Uploaded. Final HUD certified copy also signed by all parties - Seller-05/19/2025 Open-Need the stamped and certified final Hud. - Due Diligence Vendor-05/19/2025 |
Ready for Review-Document Uploaded. Final HUD certified copy also signed by all parties - Seller-05/19/2025 |
Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-05/20/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4179526 | N/A | N/A | |||
| XXXX | XXXX | 9186041 | Closed | 2025-05-21 04:40 | 2025-05-27 15:37 | Resolved | 1 - Information | C | A | Credit | Credit | DSCR Does Not Meet Guideline Requirement | Resolved-Exception provided in file and saved by XXXX - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. 5/22/25 - WJ - Uploaded Credit Memo reflecting an exception for the amortization - Seller-05/22/2025 Open-DSCR Does Not Meet Guideline Requirement. DSCR is < 1 while the note is an ARM. - Due Diligence Vendor-05/21/2025 |
Ready for Review-Document Uploaded. 5/22/25 - WJ - Uploaded Credit Memo reflecting an exception for the amortization - Seller-05/22/2025 |
Resolved-Exception provided in file and saved by XXXX - Due Diligence Vendor-05/27/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4200007 | N/A | N/A | |||
| XXXX | XXXX | 9186048 | Closed | 2025-05-20 17:47 | 2025-05-23 15:12 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Borrower 1 ITIN Information | Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-05/23/2025 Ready for Review-Document Uploaded. 5/21/25 - WJ - Uploaded SS Card, LOE regarding SSN & Guideline which states that a foreign national borrower may have an SSN instead of an ITIN. - Seller-05/21/2025 Open-Borrower 1 ITIN information Missing. Please provide acceptable documentation. Copy of the borrower's ITIN card or letter is pending - Due Diligence Vendor-05/20/2025 |
Ready for Review-Document Uploaded. 5/21/25 - WJ - Uploaded SS Card, LOE regarding SSN & Guideline which states that a foreign national borrower may have an SSN instead of an ITIN. - Seller-05/21/2025 |
Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-05/23/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4194463 | N/A | N/A | |||
| XXXX | XXXX | 9186054 | Closed | 2025-05-16 07:28 | 2025-05-29 15:58 | Waived | 2 - Non-Material | C | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Lender exception granted for loan amount size with compensating factors - Due Diligence Vendor-05/29/2025 Resolved-Audited Loan Amount is less than Guideline Minimum Loan Amount - Due Diligence Vendor-05/28/2025 Resolved-Received revised Loan Approval with 2nd signature approval executed + comp factors. - Due Diligence Vendor-05/28/2025 Open-Audited Loan Amount of $XXXX is less than the Guideline Minimum Loan Amount of $XXXX - Due Diligence Vendor-05/28/2025 Resolved-Received revised Loan Approval with 2nd signature approval executed + comp factors. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. 5/27/25 _ Uploaded corrected Credit Memo showing original exception - Seller-05/27/2025 Open-Audited Loan Amount of $XXXX is less than the Guideline Minimum Loan Amount of $XXXX Loan amount is below the minimum loan amount allowed of $XXXX ($XXXX) per the GL with no exception provide in the file. Requesting an executed Loan Approval with exception for loan amount. - Due Diligence Vendor-05/16/2025 |
Ready for Review-Document Uploaded. 5/27/25 _ Uploaded corrected Credit Memo showing original exception - Seller-05/27/2025 |
Waived-Lender exception granted for loan amount size with compensating factors - Due Diligence Vendor-05/29/2025 Resolved-Audited Loan Amount is less than Guideline Minimum Loan Amount - Due Diligence Vendor-05/28/2025 Resolved-Received revised Loan Approval with 2nd signature approval executed + comp factors. - Due Diligence Vendor-05/28/2025 Resolved-Received revised Loan Approval with 2nd signature approval executed + comp factors. - Due Diligence Vendor-05/28/2025 |
XXXX | -Reserves. Post closing reserves are $10,768.18 - This represents 13 months of PITIA reserves . -DSCR. 1.285 - This is 0.285 greater than the required 1.000 DSCR to qualify. |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4160500 | Originator Post-Close | Yes | ||
| XXXX | XXXX | 9186055 | Closed | 2025-05-20 20:20 | 2025-05-29 14:20 | Resolved | 1 - Information | C | A | Credit | Eligibility | Business Entity Formation Doc Missing | Resolved-Validation Resolved' - Due Diligence Vendor-05/29/2025 Resolved-XXXX EIN/TIN, Articles of Incorporation, Bylaws, Resolution. Resolved. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. - Seller-05/27/2025 Counter-Please re-upload, unable to open. - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. 5/22/25 - WJ - Uploaded entity docs which includes entity formation docs. - Seller-05/22/2025 Open-Entity Formation Doc Indicator is Missing. Please provide Entity Documentation per Guidelines XXXX Page 22 for The XXXX. - Due Diligence Vendor-05/20/2025 |
Ready for Review-Document Uploaded. - Seller-05/27/2025 Ready for Review-Document Uploaded. 5/22/25 - WJ - Uploaded entity docs which includes entity formation docs. - Seller-05/22/2025 |
Resolved-Validation Resolved' - Due Diligence Vendor-05/29/2025 Resolved-XXXX EIN/TIN, Articles of Incorporation, Bylaws, Resolution. Resolved. - Due Diligence Vendor-05/29/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4196836 | N/A | N/A | |||
| XXXX | XXXX | 9186055 | Closed | 2025-05-20 20:31 | 2025-05-29 14:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Business Entity documentation to clear Fraud Report, resolved. - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. 5/27/25 - WJ - Uploaded final DataVerify - Seller-05/27/2025 Counter-Business Entity documentation did not upload. - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. 5/22/25 - WJ - Uploaded final DataVerify Report - Seller-05/22/2025 Open-Missing Third Party Fraud Report Missing Entity Documentation to clear Alerts. - Due Diligence Vendor-05/20/2025 |
Ready for Review-Document Uploaded. 5/27/25 - WJ - Uploaded final DataVerify - Seller-05/27/2025 Ready for Review-Document Uploaded. 5/22/25 - WJ - Uploaded final DataVerify Report - Seller-05/22/2025 |
Resolved-Business Entity documentation to clear Fraud Report, resolved. - Due Diligence Vendor-05/29/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4196967 | N/A | N/A | |||
| XXXX | XXXX | 9186055 | Closed | 2025-05-20 20:31 | 2025-05-29 14:12 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Photo Identification Type Missing | Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. 5/22/25 - WJ - Uploaded copy of borrower's visa and passport - Seller-05/22/2025 Open-Borrower 1 Photo Identification Missing. Please provide valid photo identification per guideline requirements. Missing Passport. - Due Diligence Vendor-05/20/2025 |
Ready for Review-Document Uploaded. 5/22/25 - WJ - Uploaded copy of borrower's visa and passport - Seller-05/22/2025 |
Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-05/27/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4196968 | N/A | N/A | |||
| XXXX | XXXX | 9186055 | Closed | 2025-05-20 20:31 | 2025-05-29 14:12 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. 5/22/25 - WJ - Uploaded a copy of the borrower's visa. - Seller-05/22/2025 Open-Borrower 1 Non-US Citizen Identification Document Missing. Please provide acceptable documentation. Missing VISA - Due Diligence Vendor-05/20/2025 |
Ready for Review-Document Uploaded. 5/22/25 - WJ - Uploaded a copy of the borrower's visa. - Seller-05/22/2025 |
Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-05/27/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4196969 | N/A | N/A | |||
| XXXX | XXXX | 9186055 | Closed | 2025-05-20 21:02 | 2025-05-27 14:43 | Resolved | 1 - Information | C | A | Credit | Credit | Foreign National Guidelines for Individual Borrowers not met | Resolved-Uploaded LOE SSN rather than an ITIN, VISA, Passport. Resolved. - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. 5/22/25 - WJ - Uploaded borrower LOE as to why he has an SSN rather than an ITIN. - Seller-05/22/2025 Open-Guidelines XXXX Page 27 state required LOE Borrower explaining why SSN was issued instead of an ITIN. - Due Diligence Vendor-05/20/2025 |
Ready for Review-Document Uploaded. 5/22/25 - WJ - Uploaded borrower LOE as to why he has an SSN rather than an ITIN. - Seller-05/22/2025 |
Resolved-Uploaded LOE SSN rather than an ITIN, VISA, Passport. Resolved. - Due Diligence Vendor-05/27/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4197630 | N/A | N/A | |||
| XXXX | XXXX | 9186068 | Closed | 2025-05-20 04:20 | 2025-05-27 16:58 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved- - Due Diligence Vendor-05/27/2025 Ready for Review-Document Uploaded. 5/22/25 - WJ - Please note that the borrower is a non-permanent resident alien which requires an EAD card. Please refer to the uploaded EAD card and application for extension. The application for extension states that the EAD card is automatically extended for 540 days as long as the class is the same, which it is and the extension was applied for prior to the expiration of the EAD card, which it was. Therefore, nothing else is required. - Seller-05/22/2025 Open-Borrower 1 Non-US Citizen Identification Document Missing. Please provide acceptable documentation. Permanent Resident Card required (Form I-551). - Due Diligence Vendor-05/20/2025 |
Ready for Review-Document Uploaded. 5/22/25 - WJ - Please note that the borrower is a non-permanent resident alien which requires an EAD card. Please refer to the uploaded EAD card and application for extension. The application for extension states that the EAD card is automatically extended for 540 days as long as the class is the same, which it is and the extension was applied for prior to the expiration of the EAD card, which it was. Therefore, nothing else is required. - Seller-05/22/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4187455 | N/A | N/A | ||||
| XXXX | XXXX | 9128061 | Closed | 2025-05-20 13:55 | 2025-05-22 09:39 | Resolved | 1 - Information | C | A | Credit | Doc Issue | Prepayment Rider Missing | Resolved-Prepayment Rider uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. Prepay Rider - Seller-05/21/2025 Open-Prepayment Rider Missing. - Due Diligence Vendor-05/20/2025 |
Ready for Review-Document Uploaded. Prepay Rider - Seller-05/21/2025 |
Resolved-Prepayment Rider uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-05/22/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4190435 | N/A | N/A | |||
| XXXX | XXXX | 9128061 | Closed | 2025-05-20 11:49 | 2025-05-22 09:38 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Loan Collateral Advisor with CU score less than 2.5 provided, Verified & entered in system - Resolved - Due Diligence Vendor-05/22/2025 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-05/22/2025 Ready for Review-Document Uploaded. Freddie SSR - Seller-05/21/2025 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Provide the Second Appraisal/ Valuation is Missing. - Due Diligence Vendor-05/20/2025 |
Ready for Review-Document Uploaded. Freddie SSR - Seller-05/21/2025 |
Resolved-Loan Collateral Advisor with CU score less than 2.5 provided, Verified & entered in system - Resolved - Due Diligence Vendor-05/22/2025 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-05/22/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4188949 | N/A | N/A | |||
| XXXX | XXXX | 9186074 | Closed | 2025-05-27 23:22 | 2025-05-30 14:14 | Resolved | 1 - Information | C | A | Credit | Eligibility | Business Entity Formation Doc Missing | Resolved-Validation Resolved' Please provide Articles of Incorporation or comparable documents. - Due Diligence Vendor-05/30/2025 Resolved-Certificate of Formation XXXX, resolved. - Due Diligence Vendor-05/30/2025 Ready for Review-In file delivered labelled as: XXXX - Seller-05/28/2025 Open-Entity Formation Doc Indicator is Missing. Please provide Articles of Incorporation for XXXX. - Due Diligence Vendor-05/27/2025 |
Ready for Review-In file delivered labelled as: XXXX - Seller-05/28/2025 |
Resolved-Validation Resolved' Please provide Articles of Incorporation or comparable documents. - Due Diligence Vendor-05/30/2025 Resolved-Certificate of Formation XXXX, resolved. - Due Diligence Vendor-05/30/2025 |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4250980 | N/A | N/A | ||||
| XXXX | XXXX | 9186074 | Closed | 2025-05-23 10:26 | 2025-05-30 13:50 | Resolved | 1 - Information | D | A | Property | Missing Doc | Second Appraisal/ Valuation is Missing | Resolved-Post Close Secondary Valuation XXXX CDA XXXX $XXXX, resolved. - Due Diligence Vendor-05/30/2025 Resolved-CDA Document provided. - Due Diligence Vendor-05/29/2025 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-05/29/2025 Ready for Review-Document Uploaded. - Seller-05/28/2025 Open-Secondary Valuation or Additional Valuation (with acceptable variance to Primary) is missing per guideline requirements and CU Score, if present, is greater than 2.5 Secondary Valuation or Additional Valuation (SSR, Cda, AVM) Missing in file - Due Diligence Vendor-05/23/2025 |
Ready for Review-Document Uploaded. - Seller-05/28/2025 |
Resolved-Post Close Secondary Valuation XXXX, resolved. - Due Diligence Vendor-05/30/2025 Resolved-CDA Document provided. - Due Diligence Vendor-05/29/2025 Resolved-Secondary Valuation or Additional Valuation is present or Not Required - Due Diligence Vendor-05/29/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4224854 | N/A | N/A | |||
| XXXX | XXXX | 9186074 | Closed | 2025-05-27 23:51 | 2025-05-30 13:43 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Photo Identification Type Missing | Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. - Seller-05/28/2025 Open-Borrower 1 Photo Identification Missing. Please provide valid photo identification per guideline requirements. - Due Diligence Vendor-05/27/2025 |
Ready for Review-Document Uploaded. - Seller-05/28/2025 |
Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-05/30/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4251101 | N/A | N/A | |||
| XXXX | XXXX | 9186076 | Closed | 2025-05-27 16:03 | 2025-05-28 19:27 | Resolved | 1 - Information | C | A | Credit | Credit | If the Guarantor is married spouse must approve | Resolved-Explanation received. - Due Diligence Vendor-05/28/2025 Ready for Review-Document Uploaded. 5/28/25 - WJ - Uploaded methodology as to why spouse does not need to sign a guaranty. - Seller-05/28/2025 Open-• The loan contains a Personal Guaranty from the borrower. Personal Guaranties are subject to community property rights in AZ, CA, ID, LA, NM, NV, TX, WA, WI, and the borrower/guarantor lives in TX. State requirements are not excluded for LLC's, please provide spousal consent or regulation clarification. - Due Diligence Vendor-05/27/2025 |
Ready for Review-Document Uploaded. 5/28/25 - WJ - Uploaded methodology as to why spouse does not need to sign a guaranty. - Seller-05/28/2025 |
Resolved-Explanation received. - Due Diligence Vendor-05/28/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4245079 | N/A | N/A | |||
| XXXX | XXXX | 9186086 | Closed | 2025-05-23 07:47 | 2025-05-30 11:26 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated Sizer with correct rent value provided. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. 5/29/25 - WJ - Uploaded correct sizer - Seller-05/29/2025 Open-Calculated DSCR and Originator DSCR matches by using rent value from provided XXXX of $1420, Whereas on sizer rent Value reflecting as $2840, need Updated Sizer with correct rent value. Tape data confirms market rent of $1420 and DSCR ratio of 1.455. - Due Diligence Vendor-05/23/2025 |
Ready for Review-Document Uploaded. 5/29/25 - WJ - Uploaded correct sizer - Seller-05/29/2025 |
Resolved-Updated Sizer with correct rent value provided. - Due Diligence Vendor-05/30/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4224311 | N/A | N/A | |||
| XXXX | XXXX | 9186090 | Closed | 2025-05-28 15:13 | 2025-06-02 16:07 | Resolved | 1 - Information | C | A | Credit | Eligibility | Business Entity Formation Doc Missing | Resolved-Validation Resolved' - Due Diligence Vendor-06/02/2025 Resolved-Certificate of Organization XXXX in zip file, resolved. - Due Diligence Vendor-06/02/2025 Ready for Review-In loan file delivered labelled as: XXXX - Seller-05/29/2025 Open-Entity Formation Doc Indicator is Missing. Please provide Articles of Organization for XXXX. - Due Diligence Vendor-05/28/2025 |
Ready for Review-In loan file delivered labelled as: XXXX - Seller-05/29/2025 |
Resolved-Validation Resolved' - Due Diligence Vendor-06/02/2025 Resolved-XXXX in zip file, resolved. - Due Diligence Vendor-06/02/2025 |
XXXX | Investment | Purchase | NA | 4256811 | N/A | N/A | ||||
| XXXX | XXXX | 9186090 | Closed | 2025-05-27 08:12 | 2025-06-02 15:58 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Sizer DSCR 1.025, resolved. - Due Diligence Vendor-06/02/2025 Resolved-Updated Sizer with correct rent value provided. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. 5/29/25 - WJ - Uploaded corrected sizer - Seller-05/29/2025 Open-Sizer is showing $3,000 as rent but in operating income rent is $2,700 and considered Rent as $2,700. Requesting Sizer DSCR 1.025. - Due Diligence Vendor-05/27/2025 |
Ready for Review-Document Uploaded. 5/29/25 - WJ - Uploaded corrected sizer - Seller-05/29/2025 |
Resolved-Sizer DSCR 1.025, resolved. - Due Diligence Vendor-06/02/2025 Resolved-Updated Sizer with correct rent value provided. - Due Diligence Vendor-05/30/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4240606 | N/A | N/A | |||
| XXXX | XXXX | 9186092 | Closed | 2025-06-11 14:56 | 2025-06-24 16:00 | Resolved | 1 - Information | B | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) PUBLIC ASSISTANCE AREA (3) | Resolved-No property damage per PDI - Due Diligence Vendor-06/24/2025 Ready for Review-Document Uploaded. - Seller-06/23/2025 Open-Property potentially affected by FEMA Disaster ID XXXX. XXXX - Declared XXXX with an Incident End Date of XXXX Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. - Due Diligence Vendor-06/11/2025 |
Ready for Review-Document Uploaded. - Seller-06/23/2025 |
Resolved-No property damage per PDI - Due Diligence Vendor-06/24/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4410312 | N/A | N/A | |||
| XXXX | XXXX | 9186092 | Closed | 2025-05-30 07:30 | 2025-06-10 13:25 | Resolved | 1 - Information | B | A | Credit | Title Review | Title Review shows outstanding delinquent taxes | Resolved-Client response received. Statement verified on the provided documentation pages 535-537. Taxes are not delinquent - Due Diligence Vendor-06/24/2025 Ready for Review-RESCIND FINDINGS PLEASE: Closing agent wrote on prelim in file that borrower has already paid the taxes. they will be removed from Final Title. - Seller-06/06/2025 Open-As per Title review pg#566 shows Have Tax Delinquent $1958.25 and not paid at closing. - Due Diligence Vendor-05/30/2025 |
Ready for Review-RESCIND FINDINGS PLEASE: Closing agent wrote on prelim in file that borrower has already paid the taxes. they will be removed from Final Title. - Seller-06/06/2025 |
Resolved-Client response received. Statement verified on the provided documentation pages 535-537. Taxes are not delinquent - Due Diligence Vendor-06/24/2025 |
XXXX | Investment | Refinance | Cash Out - Other | 4278249 | N/A | N/A | ||||
| XXXX | XXXX | 9186094 | Closed | 2025-05-27 11:52 | 2025-06-09 16:09 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated approval indicating the correct LTV has been provided. Finding resolved - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. 6/5/26 - WJ - Uploaded correct Credit Memo - Seller-06/05/2025 Counter-This is a refinance and not a purchase. Correct LTV is loan amount $XXXX / Value $XXXX = 64.90% Provide Updated LTV Credit Memo - Due Diligence Vendor-06/04/2025 Ready for Review-6/2/25 - WJ - Please note that on purchase transactions, the lesser of appraised value or purchase price is used to determine the LTV. The purchase price of $XXXX is the lesser and results in a qualifying LTV of 75%. - Seller-06/02/2025 Open-Provided Credit memo Pg#339 Showing Incorrect LTV. Correct LTV is loan amount $XXXX / Value $XXXX = 64.90% Provide Updated LTV Credit Memo - Due Diligence Vendor-05/27/2025 |
Ready for Review-Document Uploaded. 6/5/26 - WJ - Uploaded correct Credit Memo - Seller-06/05/2025 Ready for Review-6/2/25 - WJ - Please note that on purchase transactions, the lesser of appraised value or purchase price is used to determine the LTV. The purchase price of $XXXX is the lesser and results in a qualifying LTV of 75%. - Seller-06/02/2025 |
Resolved-Updated approval indicating the correct LTV has been provided. Finding resolved - Due Diligence Vendor-06/09/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4241556 | N/A | N/A | |||
| XXXX | XXXX | 9186095 | Closed | 2025-05-27 11:01 | 2025-06-09 14:50 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Purchase Contract is Missing | Resolved-Purchase contract with addendums have been recevied and reviewed. LM has been updated. - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. 6/5/26 - WJ - Uploaded the purchase contract and addendum - Seller-06/05/2025 Counter-The previously provided was corrupted and could not be opened for review. Please resend - Due Diligence Vendor-06/03/2025 Ready for Review-Document Uploaded. - Seller-05/30/2025 Open-Loan Purpose is Purchase but Purchase Contract Doc is Missing Purchase document is not downloading from files upload. Error while downloading. Fail to load PDF document. - Due Diligence Vendor-05/27/2025 |
Ready for Review-Document Uploaded. 6/5/26 - WJ - Uploaded the purchase contract and addendum - Seller-06/05/2025 Ready for Review-Document Uploaded. - Seller-05/30/2025 |
Resolved-Purchase contract with addendums have been recevied and reviewed. LM has been updated. - Due Diligence Vendor-06/09/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4241195 | N/A | N/A | |||
| XXXX | XXXX | 9186104 | Closed | 2025-05-29 17:37 | 2025-06-03 14:06 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Sizer DSCR 1.039 located zip file, resolved. - Due Diligence Vendor-06/03/2025 Ready for Review-in file labelled as: XXXX - Seller-05/30/2025 Open-Requesting Lender Approval Sizer. - Due Diligence Vendor-05/29/2025 |
Ready for Review-in file labelled as: XXXX - Seller-05/30/2025 |
Resolved-Sizer DSCR 1.039 located zip file, resolved. - Due Diligence Vendor-06/03/2025 |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4272573 | N/A | N/A | ||||
| XXXX | XXXX | 9186104 | Closed | 2025-05-28 12:35 | 2025-06-03 14:03 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Appraisal transfer letter located zip file, resolved. - Due Diligence Vendor-06/03/2025 Resolved-Transfer Letter is Present in file hence no Appraisal fee is required in Final HUD hence resolved. - Due Diligence Vendor-06/02/2025 Ready for Review-Transfer Letter in file labelled as: XXXX - Seller-05/30/2025 Open-Final HUD-1 Document is Missing. Appraisal Fee is not available in Final HUD-1 Document. Provide updated Final HUD-1 Document. - Due Diligence Vendor-05/28/2025 |
Ready for Review-Transfer Letter in file labelled as: Transfer_Letter - Seller-05/30/2025 |
Resolved-Appraisal transfer letter located zip file, resolved. - Due Diligence Vendor-06/03/2025 Resolved-Transfer Letter is Present in file hence no Appraisal fee is required in Final HUD hence resolved. - Due Diligence Vendor-06/02/2025 |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4254334 | N/A | N/A | ||||
| XXXX | XXXX | 9186108 | Closed | 2025-05-29 14:56 | 2025-06-02 12:04 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Corrected Credit Memo received. - Due Diligence Vendor-06/02/2025 Ready for Review-Document Uploaded. 5/29/25 - WJ - Uploaded Credit Memo reflecting cash out which is the correct transaction type - Seller-05/29/2025 Open-Per credit memo loan purpose is Rate & Term, hence the maximum cash out to borrower not to exceed $5,000 however HUD 1 on file shows cash out of $XXXX Need corrected credit memo. - Due Diligence Vendor-05/29/2025 |
Ready for Review-Document Uploaded. 5/29/25 - WJ - Uploaded Credit Memo reflecting cash out which is the correct transaction type - Seller-05/29/2025 |
Resolved-Corrected Credit Memo received. - Due Diligence Vendor-06/02/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4269754 | N/A | N/A | |||
| XXXX | XXXX | 9186113 | Closed | 2025-05-28 08:55 | 2025-05-30 12:11 | Resolved | 1 - Information | C | A | Credit | Credit | If the Guarantor is married spouse must approve | Resolved-Spousal consent not required as per Explanation provided. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. 5/29/25 - WJ - Please refer to the uploaded explanation regarding personal guarantees, spousal consent is not required. - Seller-05/29/2025 Open-As per Guide lines content spouse is required but missing in the loan file. - Due Diligence Vendor-05/28/2025 |
Ready for Review-Document Uploaded. 5/29/25 - WJ - Please refer to the uploaded explanation regarding personal guarantees, spousal consent is not required. - Seller-05/29/2025 |
Resolved-Spousal consent not required as per Explanation provided. - Due Diligence Vendor-05/30/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4252995 | N/A | N/A | |||
| XXXX | XXXX | 9186114 | Closed | 2025-05-28 04:37 | 2025-05-30 11:32 | Resolved | 1 - Information | C | A | Credit | Borrower | Discrepancy between 1008 Page Qualifying FICO and actual Qualifying FICO | Resolved-Provided Credit Memo reflecting a qualifying FICO of 747. - Due Diligence Vendor-05/30/2025 Ready for Review-Document Uploaded. 5/29/25 - WJ - Uploaded corrected Credit Memo reflecting a qualifying FICO of 747. - Seller-05/29/2025 Open-Qualifying FICO on the 1008 Page is '760' or blank, but the Qualifying FICO from the Credit Liabilities Page is '747' or blank. Qualifying FICO entries do not match. Please confirm the correct Qualifying FICO value. Please provide updated credit memo for fico score. Given credit memo fico score was wrong. - Due Diligence Vendor-05/28/2025 |
Ready for Review-Document Uploaded. 5/29/25 - WJ - Uploaded corrected Credit Memo reflecting a qualifying FICO of 747. - Seller-05/29/2025 |
Resolved-Provided Credit Memo reflecting a qualifying FICO of 747. - Due Diligence Vendor-05/30/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4252147 | N/A | N/A | |||
| XXXX | XXXX | 9186115 | Closed | 2025-05-28 04:42 | 2025-05-29 07:57 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Provided Hazard Insurance Effective Date of XXXX is prior to or equal to the Note Date of XXXX.Finding Resolved. - Due Diligence Vendor-05/29/2025 Resolved-Hazard Insurance Effective Date of XXXX is prior to or equal to the Note Date of XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-05/29/2025 Ready for Review-Refi - EOI for previous period in file delivered labelled as: XXXX - Seller-05/28/2025 Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX - Due Diligence Vendor-05/28/2025 |
Ready for Review-Refi - EOI for previous period in file delivered labelled as: XXXX - Seller-05/28/2025 |
Resolved-Provided Hazard Insurance Effective Date of XXXX is prior to or equal to the Note Date of XXXX.Finding Resolved. - Due Diligence Vendor-05/29/2025 Resolved-Hazard Insurance Effective Date of XXXX is prior to or equal to the Note Date of XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-05/29/2025 |
XXXX | Investment | Refinance | Cash Out - Other | 4252156 | N/A | N/A | ||||
| XXXX | XXXX | 9186149 | Closed | 2025-06-03 03:59 | 2025-07-02 19:22 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Loan is Cross collateral/Multi property, Missing 10 Hud-1 properties , provided the property List, Changes made in system, Finding Resolved - Due Diligence Vendor-06/04/2025 Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. - Seller-06/03/2025 Open-Final HUD-1 Document is Missing. The HUD Settlement Statement does not include all ten properties. The following properties are missing: XXXX - Due Diligence Vendor-06/03/2025 |
Ready for Review-Document Uploaded. - Seller-06/03/2025 |
Resolved-Loan is Cross collateral/Multi property, Missing 10 Hud-1 properties , provided the property List, Changes made in system, Finding Resolved - Due Diligence Vendor-06/04/2025 Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-06/04/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4308391 | N/A | N/A | |||
| XXXX | XXXX | 9186150 | Closed | 2025-05-30 11:07 | 2025-06-04 12:44 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Loan is Cross collateral/Multi property, Missing 10 Hud-1 properties , provided the property List, Changes made in system, Finding Resolved - Due Diligence Vendor-06/04/2025 Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-06/04/2025 Ready for Review-Document Uploaded. - Seller-06/03/2025 Open-Final HUD-1 Document is Missing. The HUD Settlement Statement does not include all eight properties. The following properties are missing: XXXX are missing as well. - Due Diligence Vendor-05/30/2025 |
Ready for Review-Document Uploaded. - Seller-06/03/2025 |
Resolved-Loan is Cross collateral/Multi property, Missing 10 Hud-1 properties , provided the property List, Changes made in system, Finding Resolved - Due Diligence Vendor-06/04/2025 Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-06/04/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4280425 | N/A | N/A | |||
| XXXX | XXXX | 9186136 | Closed | 2025-05-30 08:14 | 2025-06-16 08:06 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-Updated Employment authorization card provided. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. 6/13/25 - WJ - Uploaded Current EAD Card ---- 6/12/25 - WJ - Followed up - Seller-06/13/2025 Open-Borrower 1 Non-US Citizen Identification Document Missing. Please provide acceptable documentation. We have employment authorization card in file but expired before the Note Date, Provide the updated one or addition documentation. - Due Diligence Vendor-05/30/2025 |
Ready for Review-Document Uploaded. 6/13/25 - WJ - Uploaded Current EAD Card ---- 6/12/25 - WJ - Followed up - Seller-06/13/2025 |
Resolved-Updated Employment authorization card provided. - Due Diligence Vendor-06/16/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4278451 | N/A | N/A | |||
| XXXX | XXXX | 9186138 | Closed | 2025-06-03 19:37 | 2025-06-17 15:28 | Resolved | 1 - Information | C | A | Credit | Credit | Deficient departing residence documentation. | Resolved-Borrower has passport and I797A in file. - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. 6/13/25 - WJ - RESCIND FINDING PLEASE - Per uploaded explanation from borrower, she is here on a visa which is current per I-797 form in file, therefore, nothing else is required other than the form along with her passport. - Seller-06/13/2025 Open-GL for Non-Permanent Resident requires I-94 Arrival/Departure Record with copy of the Passport. The file contains only the borrower's passport. - Due Diligence Vendor-06/03/2025 |
Ready for Review-Document Uploaded. 6/13/25 - WJ - RESCIND FINDING PLEASE - Per uploaded explanation from borrower, she is here on a visa which is current per I-797 form in file, therefore, nothing else is required other than the form along with her passport. - Seller-06/13/2025 |
Resolved-Borrower has passport and I797A in file. - Due Diligence Vendor-06/17/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4319082 | N/A | N/A | |||
| XXXX | XXXX | 9186139 | Closed | 2025-06-02 19:09 | 2025-06-12 12:24 | Resolved | 1 - Information | C | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA | Resolved-Clear PDI, no damage. resolved. - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. - Seller-06/11/2025 Open-Property potentially affected by FEMA Disaster ID XXXX. XXXX - Declared XXXX with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. - Due Diligence Vendor-06/02/2025 |
Ready for Review-Document Uploaded. - Seller-06/11/2025 |
Resolved-Clear PDI, no damage. resolved. - Due Diligence Vendor-06/12/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4303287 | N/A | N/A | |||
| XXXX | XXXX | 9186145 | Closed | 2025-06-03 20:35 | 2025-07-02 20:36 | Resolved | 1 - Information | C | A | Credit | Credit | Assets not properly documented/insufficient | Resolved-Asset documentation provided. - Due Diligence Vendor-07/02/2025 Ready for Review-Document Uploaded. 7/2/25 - WJ - XXXX Statement is on page 645 through 648. It was also uploaded on 7/1 as well as proof of the draw and final HUD. additionally, I have uploaded the Sizer with XXXX #XXXX statements from the file to support all assets used. - Seller-07/02/2025 Counter-Guideline 4/8/2025 Page 46 Borrower funds secured by real estate owned required documentation: Statement verify line limit/available credit and terms, evidence party providing the secured loan is not a party to the sale and evidence funds transferred to borrowers account. Please provide page(s) for documentation and add to available assets for reserves. - Due Diligence Vendor-07/01/2025 Ready for Review-6/27/25 - WJ - RESCIND FINDING PLEASE - The file contains a credit line statement dated XXXX from XXXX, account #XXXX which reflects available credit of $XXXX which when added to other assets accounted for supports more than enough funds to close and for reserves. - Seller-06/27/2025 Open-Assets verified XXXX $XXXX and XXXX XXXX XXXX $XXXX = $XXXX Funds required to close $XXXX per Settlement Statement XXXX plus 4 months PITI reserves $XXXX. Requesting documentation for short funds required to close and reserves $XXXX. - Due Diligence Vendor-06/03/2025 |
Ready for Review-Document Uploaded. 7/2/25 - WJ - The XXXX Statement is on page 645 through 648. It was also uploaded on 7/1 as well as proof of the draw and final HUD. additionally, I have uploaded the Sizer with XXXX #XXXX statements from the file to support all assets used. - Seller-07/02/2025 Ready for Review-6/27/25 - WJ - RESCIND FINDING PLEASE - The file contains a credit line statement dated XXXX from XXXX, account #XXXX which reflects available credit of $XXXX which when added to other assets accounted for supports more than enough funds to close and for reserves. - Seller-06/27/2025 |
Resolved-Asset documentation provided. - Due Diligence Vendor-07/02/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4323435 | N/A | N/A | |||
| XXXX | XXXX | 9186145 | Closed | 2025-06-03 19:57 | 2025-06-10 14:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Hazard Insurance Policy is Missing | Resolved-Hazard Insurance Policies XXXX $XXXX. Please capture in the future Policies separately and Upper/Lower case capitalization appropriately. Resolved. - Due Diligence Vendor-06/10/2025 Ready for Review-6/5/25 - WJ - RESCIND FINDING PLEASE - There are two bills in the file which add up to $XXXX - Seller-06/06/2025 Open-Missing Hazard Insurance Policy Annual Premium $XXXX per Sizer DSCR and Settlement Statement. - Due Diligence Vendor-06/03/2025 |
Ready for Review-6/5/25 - WJ - RESCIND FINDING PLEASE - There are two bills in the file which add up to $XXXX - Seller-06/06/2025 |
Resolved-Hazard Insurance Policies XXXX. Please capture in the future Policies separately and Upper/Lower case capitalization appropriately. Resolved. - Due Diligence Vendor-06/10/2025 |
XXXX | Investment | Purchase | NA | 4319436 | N/A | N/A | ||||
| XXXX | XXXX | 9186151 | Closed | 2025-06-03 13:39 | 2025-06-05 13:33 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-06/05/2025 Ready for Review-Document Uploaded. - Seller-06/03/2025 Open-Final HUD-1 Document is Missing. There are multiple HUDs with differing CTCs. Can you please advise to the correct HUD - Due Diligence Vendor-06/03/2025 |
Ready for Review-Document Uploaded. - Seller-06/03/2025 |
Resolved-Final HUD-1 Document is Present or Not Applicable - Due Diligence Vendor-06/05/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4311135 | N/A | N/A | |||
| XXXX | XXXX | 9186157 | Closed | 2025-06-02 20:48 | 2025-06-20 14:48 | Resolved | 1 - Information | C | A | Credit | Title | Property Title Issue | Resolved-Final Title policy does not show Title Commitment Requirement #13, resolved. - Due Diligence Vendor-06/20/2025 Ready for Review-Document Uploaded. - Seller-06/18/2025 Open-Property Title Issue Title Commitment Schedule B-I Requirement #13 Termination of UCC-1 Financing Statement Recorded December 8, 2023. Requesting Final Title Policy or Supplement removing requirement #13. - Due Diligence Vendor-06/02/2025 |
Ready for Review-Document Uploaded. - Seller-06/18/2025 |
Resolved-Final Title policy does not show Title Commitment Requirement #13, resolved. - Due Diligence Vendor-06/20/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4305155 | N/A | N/A | |||
| XXXX | XXXX | 9186159 | Closed | 2025-06-03 10:33 | 2025-06-12 14:49 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Audited Reserves of 22.85 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. 6/11/25 - WJ - Please refer to the uploaded following statements which total $XXXX: XXXX which are in the file. - Seller-06/11/2025 Counter-Latest bank account statement for XXXX is only $XXXX on pg 108. - Due Diligence Vendor-06/09/2025 Ready for Review-6/6/25 - WJ - RESCIND FINDING PLEASE - The file contains bank statements with verified assets totaling $XXXX which is in excess of the required funds. - Seller-06/06/2025 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 6 month(s) required additional asset to qualify the reserves - Due Diligence Vendor-06/03/2025 |
Ready for Review-Document Uploaded. 6/11/25 - WJ - Please refer to the uploaded following statements which total $XXXX: XXXX which are in the file. - Seller-06/11/2025 Ready for Review-6/6/25 - WJ - RESCIND FINDING PLEASE - The file contains bank statements with verified assets totaling XXXX which is in excess of the required funds. - Seller-06/06/2025 |
Resolved-Audited Reserves of 22.85 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-06/12/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4309560 | N/A | N/A | |||
| XXXX | XXXX | 9186160 | Closed | 2025-06-05 22:18 | 2025-06-16 18:36 | Resolved | 1 - Information | C | A | Credit | Eligibility | Business Entity Formation Doc Missing | Resolved-Validation Resolved' Please provide Articles of Incorporation or comparable documents. - Due Diligence Vendor-06/16/2025 Resolved-XXXX EIN Page 261 and XXXX Page 528, resolved. - Due Diligence Vendor-06/16/2025 Ready for Review-Please rescind the finding: The OA for XXXX is included twice in the loan file we initially provided labelled as: "XXXX" and "XXXX" I can see it in the file in you document uploads tab. But it looks like your Indexing system did not pick it out. - Seller-06/13/2025 Counter-Document Page not provided. I've completed search and unable to locate. For Business Entity documentation please provide exact page for each applicable document and not a range. - Due Diligence Vendor-06/12/2025 Ready for Review-6/10/25 - WJ - RESCIND FINDING PLEASE - EIN verification for both entities is in Entity Docs in file. - Seller-06/10/2025 Open-Entity Formation Doc Indicator is Missing. Please provide EIN for XXXX and XXXX. - Due Diligence Vendor-06/05/2025 |
Ready for Review-Please rescind the finding: The OA for XXXX is included twice in the loan file we initially provided labelled as: "XXXX" and "XXXX" I can see it in the file in you document uploads tab. But it looks like your Indexing system did not pick it out. - Seller-06/13/2025 Ready for Review-6/10/25 - WJ - RESCIND FINDING PLEASE - EIN verification for both entities is in Entity Docs in file. - Seller-06/10/2025 |
Resolved-Validation Resolved' Please provide Articles of Incorporation or comparable documents. - Due Diligence Vendor-06/16/2025 Resolved-XXXX EIN Page 261 and XXXX EIN Page 528, resolved. - Due Diligence Vendor-06/16/2025 |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4353361 | N/A | N/A | ||||
| XXXX | XXXX | 9186163 | Closed | 2025-06-05 21:34 | 2025-06-16 18:57 | Resolved | 1 - Information | C | A | Credit | Eligibility | Business Entity Formation Doc Missing | Resolved-Validation Resolved' - Due Diligence Vendor-06/16/2025 Resolved-EIN documentation XXXX Page 350 and XXXX Page 662, resolved. - Due Diligence Vendor-06/16/2025 Ready for Review-Please rescind the finding: The OA for XXXX is included twice in the loan file we initially provided labelled as: "XXXX" and "XXXX" I can see it in the file in you document uploads tab. But it looks like your Indexing system did not pick it out. - Seller-06/13/2025 Counter-Document Page not provided. I've completed search and unable to locate. For Business Entity documentation please provide exact page for each applicable document and not a range. - Due Diligence Vendor-06/12/2025 Ready for Review-6/10/25 - WJ - RESCIND FINDING PLEASE - EIN verification for both entities is in Entity Docs in file. - Seller-06/10/2025 Open-Entity Formation Doc Indicator is Missing. Please provide EIN XXXX and XXXX. - Due Diligence Vendor-06/05/2025 |
Ready for Review-Please rescind the finding: The OA for XXXX is included twice in the loan file we initially provided labelled as: "XXXX" and "XXXX" I can see it in the file in you document uploads tab. But it looks like your Indexing system did not pick it out. - Seller-06/13/2025 Ready for Review-6/10/25 - WJ - RESCIND FINDING PLEASE - EIN verification for both entities is in Entity Docs in file. - Seller-06/10/2025 |
Resolved-Validation Resolved' - Due Diligence Vendor-06/16/2025 Resolved-EIN documentation XXXX Page 350 and XXXX Page 662, resolved. - Due Diligence Vendor-06/16/2025 |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4352950 | N/A | N/A | ||||
| XXXX | XXXX | 9186165 | Closed | 2025-06-06 15:40 | 2025-06-16 19:09 | Resolved | 1 - Information | C | A | Credit | Eligibility | Business Entity Formation Doc Missing | Resolved-Validation Resolved' - Due Diligence Vendor-06/16/2025 Resolved-EIN for XXXX Page 251, resolved. - Due Diligence Vendor-06/16/2025 Ready for Review-The OA for XXXX is included twice in the loan file we initially provided labelled as: "XXXX" and "XXXX" I can see it in the file in you document uploads tab. But it looks like your Indexing system did not pick it out. - Seller-06/13/2025 Counter-Document Page not provided. I've completed search and unable to locate EIN documentation for XXXX. For Business Entity documentation please provide exact page for each applicable document and not a range. - Due Diligence Vendor-06/12/2025 Ready for Review-6/10/25 - WJ - RESCIND FINDING PLEASE - EIN verification for both entities is in Entity Docs in file. - Seller-06/10/2025 Open-Entity Formation Doc Indicator is Missing. Please provide EIN for XXXX. - Due Diligence Vendor-06/06/2025 |
Ready for Review-The OA for XXXX is included twice in the loan file we initially provided labelled as: "XXXX" and "XXXX" I can see it in the file in you document uploads tab. But it looks like your Indexing system did not pick it out. - Seller-06/13/2025 Ready for Review-6/10/25 - WJ - RESCIND FINDING PLEASE - EIN verification for both entities is in Entity Docs in file. - Seller-06/10/2025 |
Resolved-Validation Resolved' - Due Diligence Vendor-06/16/2025 Resolved-EIN for XXXX Page 251, resolved. - Due Diligence Vendor-06/16/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4362136 | N/A | N/A | |||
| XXXX | XXXX | 9186172 | Closed | 2025-06-02 07:01 | 2025-06-11 15:26 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Credit Memo Guideline Version 4/8/2025, resolved. - Due Diligence Vendor-06/11/2025 Resolved-Updated Credit memo Provided for version date mis match from in file Credit memo to tape data GL version date, Changes made in system Finding Resolved - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. 6/6/25 - WJ - Uploaded Credit Memo with correct guideline date - Seller-06/06/2025 Open-Provide updated Credit Memo. Tape data GL Version not matching with Credit Memo GL Version. Tape data GL Version XXXX and Credit Memo XXXX - Due Diligence Vendor-06/02/2025 |
Ready for Review-Document Uploaded. 6/6/25 - WJ - Uploaded Credit Memo with correct guideline date - Seller-06/06/2025 |
Resolved-Credit Memo Guideline Version 4/8/2025, resolved. - Due Diligence Vendor-06/11/2025 Resolved-Updated Credit memo Provided for version date mis match from in file Credit memo to tape data GL version date, Changes made in system Finding Resolved - Due Diligence Vendor-06/09/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4295149 | N/A | N/A | |||
| XXXX | XXXX | 9186182 | Closed | 2025-06-02 11:10 | 2025-06-17 16:37 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Audited Reserves of 6.26 month(s) are greater than or equal to Guideline Required Reserves of 4 month(s) - Due Diligence Vendor-06/17/2025 Resolved-Audited Reserves of 6.26 month(s) are greater than or equal to Guideline Required Reserves of 4 months. Rental ≥1.00 DSCR and Rental Portfolio Fixed and ARM: · Purchase, Rate & Term Refinance, Delayed Purchase, and Cash Out. Borrower has over 4 months of reserves and loan is a purchase. Refinance: o 4- months for properties with a lease in effect prior to funding o 6- months if property is not leased/vacant prior to funding - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. 6/16 JM - Uploaded lease agreements for the subject property to support tenant occupancy. Transaction is purchase. Per UW guidelines 4 months (not 8 months) PITIA reserves are required. Borrower has sufficient verified reserves. - Seller-06/16/2025 Counter-Countered by Req - Due Diligence Vendor-06/06/2025 Ready for Review-6/6/25 - WJ - RESCIND FINDING PLEASE - Per the appraisal the subject is tenant occupied; therefore, 8 months reserves are not required and there are adequate funds verified in the file. - Seller-06/06/2025 Open-Audited Reserves of 6.26 month(s) are less than Guideline Required Reserves of 8 month(s) Provide Additional Assets (Bank statements) to qualify required reserves Audited Reserves of month(s) are less than Guideline Required Reserves of 8 months - Due Diligence Vendor-06/02/2025 |
Ready for Review-Document Uploaded. 6/16 JM - Uploaded lease agreements for the subject property to support tenant occupancy. Transaction is purchase. Per UW guidelines 4 months (not 8 months) PITIA reserves are required. Borrower has sufficient verified reserves. - Seller-06/16/2025 Ready for Review-6/6/25 - WJ - RESCIND FINDING PLEASE - Per the appraisal the subject is tenant occupied; therefore, 8 months reserves are not required and there are adequate funds verified in the file. - Seller-06/06/2025 |
Resolved-Audited Reserves of 6.26 month(s) are greater than or equal to Guideline Required Reserves of 4 month(s) - Due Diligence Vendor-06/17/2025 Resolved-Audited Reserves of 6.26 month(s) are greater than or equal to Guideline Required Reserves of 4 months. Rental ≥1.00 DSCR and Rental Portfolio Fixed and ARM: · Purchase, Rate & Term Refinance, Delayed Purchase, and Cash Out. Borrower has over 4 months of reserves and loan is a purchase. Refinance: o 4- months for properties with a lease in effect prior to funding o 6- months if property is not leased/vacant prior to funding - Due Diligence Vendor-06/17/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4296072 | N/A | N/A | |||
| XXXX | XXXX | 9186183 | Closed | 2025-06-02 07:07 | 2025-06-09 12:53 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-Borrower citizenship documentation is missing, borrower is Foreign national and we have borrower's passport of own country with itin document on File Uploads, Changes made in system, Finding Resolved - Due Diligence Vendor-06/09/2025 Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-06/09/2025 Ready for Review-6/6/25 - WJ - RESCIND FINDING PLEASE - The file contains an address correction addendum - Seller-06/06/2025 Open-Borrower 1 Non-US Citizen Identification Document Missing. Please provide acceptable documentation. Provide citizenship documents, citizenship document available in file/ineligible page #241. Borrower non-us identification document missing. - Due Diligence Vendor-06/02/2025 |
Ready for Review-6/6/25 - WJ - RESCIND FINDING PLEASE - The file contains an address correction addendum - Seller-06/06/2025 |
Resolved-Borrower citizenship documentation is missing, borrower is Foreign national and we have borrower's passport of own country with itin document on File Uploads, Changes made in system, Finding Resolved - Due Diligence Vendor-06/09/2025 Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-06/09/2025 |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4295170 | N/A | N/A | ||||
| XXXX | XXXX | 9186183 | Closed | 2025-06-03 11:57 | 2025-06-09 11:02 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-Borrower citizenship documentation is missing, borrower is Foreign national and we have borrower's passport of own country with itin document on File Uploads, Changes made in system, Finding Resolved - Due Diligence Vendor-06/09/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-06/09/2025 Ready for Review-6/6/25 - WJ - RESCIND FINDING PLEASE - The file contains an address correction addendum - Seller-06/06/2025 Open-The Final 1003 is Incomplete Borrower is a Foreign National, but has a Mailing Address as Inside of US. - Due Diligence Vendor-06/03/2025 |
Ready for Review-6/6/25 - WJ - RESCIND FINDING PLEASE - The file contains an address correction addendum - Seller-06/06/2025 |
Resolved-Borrower citizenship documentation is missing, borrower is Foreign national and we have borrower's passport of own country with itin document on File Uploads, Changes made in system, Finding Resolved - Due Diligence Vendor-06/09/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-06/09/2025 |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4310139 | N/A | N/A | ||||
| XXXX | XXXX | 9186187 | Closed | 2025-06-02 05:00 | 2025-06-12 12:10 | Resolved | 1 - Information | C | A | Property | Value | All Valuation Products Have Variations to Primary that Exceeds -10% | Resolved-CU Valuation has a variance above 10%, provided CDA, Changes made in system, Finding Resolved - Due Diligence Vendor-06/09/2025 Resolved-Validation resolved. - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. - Seller-06/06/2025 Open-All Valuation entries (not including Collateral Underwriter (CU) entries) have a Variance to Primary value that exceeds -10%. CU updated value exceeds More than 10% that is -25.93% difference. Required updated acceptable valuation which is within a 10% variance. - Due Diligence Vendor-06/02/2025 |
Ready for Review-Document Uploaded. - Seller-06/06/2025 |
Resolved-CU Valuation has a variance above 10%, provided CDA, Changes made in system, Finding Resolved - Due Diligence Vendor-06/09/2025 Resolved-Validation resolved. - Due Diligence Vendor-06/09/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4294832 | N/A | N/A | |||
| XXXX | XXXX | 9186187 | Closed | 2025-06-03 18:03 | 2025-06-10 13:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-06/10/2025 Ready for Review-Document Uploaded. 6/6/25 - WJ - 1. RESCIND FINDING PLEASE for the visa which is in the file. 2. Uploaded borrowers explanation as to why he has an SSN - Seller-06/06/2025 Open-Borrower 1 Non-US Citizen Identification Document Missing. Please provide acceptable documentation. Missing copy of borrowers VIsa. Borrower is a Foreign national but has a SS Number. Need explanation. - Due Diligence Vendor-06/03/2025 |
Ready for Review-Document Uploaded. 6/6/25 - WJ - 1. RESCIND FINDING PLEASE for the visa which is in the file. 2. Uploaded borrowers explanation as to why he has an SSN - Seller-06/06/2025 |
Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-06/10/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4316932 | N/A | N/A | |||
| XXXX | XXXX | 9186188 | Closed | 2025-06-02 05:11 | 2025-06-09 11:55 | Resolved | 1 - Information | C | A | Credit | Doc Issue | Application Missing | Resolved- borrower has no reo, per credit reflecting borrower is experienced with 1 property, Provided Updated REO schedule reflects borrower is no experience changes made in system, Finding Resolved - Due Diligence Vendor-06/09/2025 Ready for Review-Document Uploaded. 6/6/25 - WJ - Uploaded Borrower Experience addendum which reflects no experience - Seller-06/06/2025 Open-As per credit memo in page #361, the borrower is experienced with 1 REO property, but the same is missing in the application. Provide along with the required Property Profile - Due Diligence Vendor-06/02/2025 |
Ready for Review-Document Uploaded. 6/6/25 - WJ - Uploaded Borrower Experience addendum which reflects no experience - Seller-06/06/2025 |
Resolved- borrower has no reo, per credit reflecting borrower is experienced with 1 property, Provided Updated REO schedule reflects borrower is no experience changes made in system, Finding Resolved - Due Diligence Vendor-06/09/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4294852 | N/A | N/A | |||
| XXXX | XXXX | 9186190 | Closed | 2025-06-02 20:58 | 2025-06-10 16:55 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Application | Resolved-Updated application REO and General Business Info and Members/Officers addendums provided. - Due Diligence Vendor-06/10/2025 Ready for Review-Document Uploaded. 6/6/25 - WJ - Uploaded General Business Info and Members/Officers addendums AND REO addendum with corresponding property profiles - Seller-06/06/2025 Open-The General Business Info and Members/Officers section is not completed. As per credit memo borrower experienced with 3 properties, but property information is not provided in REO application and no addendum is available, no properties are reflecting in REO on loan application. Requesting updated loan application. - Due Diligence Vendor-06/02/2025 |
Ready for Review-Document Uploaded. 6/6/25 - WJ - Uploaded General Business Info and Members/Officers addendums AND REO addendum with corresponding property profiles - Seller-06/06/2025 |
Resolved-Updated application REO and General Business Info and Members/Officers addendums provided. - Due Diligence Vendor-06/10/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4305299 | N/A | N/A | |||
| XXXX | XXXX | 9186192 | Closed | 2025-06-02 07:28 | 2025-06-13 16:25 | Resolved | 1 - Information | C | A | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Resolved-Proceeds from sale/Hud-1 Provided, Changes made in system, Finding Resolved - Due Diligence Vendor-06/13/2025 Resolved-Audited Reserves of 8.41 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. 6/12/25 - WJ - Uploaded final HUD from XXXX refinance #XXXX AND corrected Credit Memo and V2 Sizer - Seller-06/12/2025 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 6 month(s) Provide Additional Assets (Bank statements) to qualify required reserves Audited Reserves of month(s) are less than Guideline Required Reserves of 6 months - Due Diligence Vendor-06/02/2025 |
Ready for Review-Document Uploaded. 6/12/25 - WJ - Uploaded final HUD from XXXX refinance #XXXX AND corrected Credit Memo and V2 Sizer - Seller-06/12/2025 |
Resolved-Proceeds from sale/Hud-1 Provided, Changes made in system, Finding Resolved - Due Diligence Vendor-06/13/2025 Resolved-Audited Reserves of 8.41 month(s) are greater than or equal to Guideline Required Reserves of 6 month(s) - Due Diligence Vendor-06/13/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4295226 | N/A | N/A | |||
| XXXX | XXXX | 9186193 | Closed | 2025-06-09 15:02 | 2025-06-13 18:32 | Resolved | 1 - Information | C | A | Credit | Credit | Borrowing Entity / Individual has insufficient experience | Resolved-Updated Borrower Experience Addendum and Credit Memo provided. - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. 6/11/25 - WJ - Uploaded Borrower Experience Addendum and Corrected Credit Memo - Seller-06/11/2025 Open-The Credit Memo and Application state borrower has experience with one property. The property listed has not been owned by the borrower for a full 12 months. - Due Diligence Vendor-06/09/2025 |
Ready for Review-Document Uploaded. 6/11/25 - WJ - Uploaded Borrower Experience Addendum and Corrected Credit Memo - Seller-06/11/2025 |
Resolved-Updated Borrower Experience Addendum and Credit Memo provided. - Due Diligence Vendor-06/13/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4380155 | N/A | N/A | |||
| XXXX | XXXX | 9186194 | Closed | 2025-06-06 22:18 | 2025-06-13 14:34 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Credit memo 30 yr FRM, resolved. - Due Diligence Vendor-06/13/2025 Ready for Review-Document Uploaded. 6/11/25 - WJ - Uploaded corrected Credit Memo - Seller-06/11/2025 Open-Credit Memo to match Note 30 year FRM, not Interest Only feature. - Due Diligence Vendor-06/06/2025 |
Ready for Review-Document Uploaded. 6/11/25 - WJ - Uploaded corrected Credit Memo - Seller-06/11/2025 |
Resolved-Credit memo 30 yr FRM, resolved. - Due Diligence Vendor-06/13/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4368475 | N/A | N/A | |||
| XXXX | XXXX | 9186201 | Closed | 2025-06-11 21:03 | 2025-06-16 19:52 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-Received revised current policy indicating HOI in place from XXXX. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. - Seller-06/12/2025 Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX. Provide revised Hazard Insurance Policy effective date . - Due Diligence Vendor-06/11/2025 |
Ready for Review-Document Uploaded. - Seller-06/12/2025 |
Resolved-Received revised current policy indicating HOI in place from XXXX. - Due Diligence Vendor-06/16/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4416942 | N/A | N/A | |||
| XXXX | XXXX | 9186206 | Closed | 2025-06-09 11:25 | 2025-06-20 13:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Photo Identification Type Missing | Resolved-identification doc is expired, Provided Extension of auto renewal of Ead document which gives an extension of 540 days under usisc, added 540 days to Current Expired date and Finding Resolved - Due Diligence Vendor-06/20/2025 Ready for Review-Document Uploaded. 6/18 JM - Uploaded letter from USCIS confirming that borrower's EAD was automatically extended for 540 days while the renewal is being processed (EAD card expired XXXX) - Seller-06/18/2025 Open-borrower is non permanent resident and the employment authorization card is expired - Due Diligence Vendor-06/09/2025 |
Ready for Review-Document Uploaded. 6/18 JM - Uploaded letter from USCIS confirming that borrower's EAD was automatically extended for 540 days while the renewal is being processed (EAD card expired XXXX) - Seller-06/18/2025 |
Resolved-identification doc is expired, Provided Extension of auto renewal of Ead document which gives an extension of 540 days under XXXX, added 540 days to Current Expired date and Finding Resolved - Due Diligence Vendor-06/20/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4377433 | N/A | N/A | |||
| XXXX | XXXX | 9186210 | Closed | 2025-06-06 05:29 | 2025-06-12 11:06 | Resolved | 1 - Information | C | A | Credit | Credit | Borrowing Entity / Individual has insufficient experience | Resolved-Credit memo in file shows borrower is experienced, provided Updated credit memo where borrower is no experience, Changes made in system, Finding Resolved - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. 6/11/25 - WJ - Uploaded corrected Credit Memo - Seller-06/11/2025 Open-Credit memo shows Experience 1 property. Guidelines XXXX Page 31 Experience 3 or 1 properties owned or sold within the past 36 months with a minimum of 12 months ownership. Subject Transaction purchased 11/14/2024, Schedule of Real Estate and ownership documentation missing. - Due Diligence Vendor-06/06/2025 |
Ready for Review-Document Uploaded. 6/11/25 - WJ - Uploaded corrected Credit Memo - Seller-06/11/2025 |
Resolved-Credit memo in file shows borrower is experienced, provided Updated credit memo where borrower is no experience, Changes made in system, Finding Resolved - Due Diligence Vendor-06/12/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4355040 | N/A | N/A | |||
| XXXX | XXXX | 9186210 | Closed | 2025-06-06 05:24 | 2025-06-12 11:06 | Resolved | 1 - Information | C | A | Credit | Doc Issue | Application Missing | Resolved-Finding Added for Application is misisng (Schedule of Real Estate and ownership documentation missing.): as per Application in file borrower is No Experience, Hence Finding Resolved - Due Diligence Vendor-06/12/2025 Ready for Review-6/11/25 - WJ - RESCIND FINDING PLEASE - Please refer to the application in the file; the Borrower Experience section indicates no experience which is permitted per guidelines. - Seller-06/11/2025 Open-Schedule of Real Estate and ownership documentation missing. - Due Diligence Vendor-06/06/2025 |
Ready for Review-6/11/25 - WJ - RESCIND FINDING PLEASE - Please refer to the application in the file; the Borrower Experience section indicates no experience which is permitted per guidelines. - Seller-06/11/2025 |
Resolved-Finding Added for Application is misisng (Schedule of Real Estate and ownership documentation missing.): as per Application in file borrower is No Experience, Hence Finding Resolved - Due Diligence Vendor-06/12/2025 |
XXXX | Investment | Refinance | Cash Out - Other | 4355028 | N/A | N/A | ||||
| XXXX | XXXX | 9186211 | Closed | 2025-06-06 05:04 | 2025-06-20 14:23 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Coverage Amount is less than Required Coverage Amount | Resolved-Document uploaded. Resolved. - Due Diligence Vendor-06/20/2025 Ready for Review-Document Uploaded. - Seller-06/18/2025 Open-Hazard Insurance Coverage Amount of $XXXX is less than Required Coverage Amount of $XXXX and Guaranteed Replacement Coverage indicator is 'No' Required Replacement cost estimator, as insurance coverage amount is less than the loan amount - Due Diligence Vendor-06/06/2025 |
Ready for Review-Document Uploaded. - Seller-06/18/2025 |
Resolved-Document uploaded. Resolved. - Due Diligence Vendor-06/20/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4354976 | N/A | N/A | |||
| XXXX | XXXX | 9186224 | Closed | 2025-06-09 19:52 | 2025-06-17 19:57 | Resolved | 1 - Information | C | A | Credit | Eligibility | Business Entity Formation Doc Missing | Resolved-Validation Resolved' - Due Diligence Vendor-06/17/2025 Resolved-Initial review Operating Agreement not indexed/bookmarked, page # not captured, search did not locate. Uploaded Operating agreement XXXX resolved. - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. Uploaded operating agreement for XXXX which was already in the file. - Seller-06/16/2025 Open-Entity Formation Doc Indicator is Missing. Please provide Operating Agreement for XXXX. - Due Diligence Vendor-06/09/2025 |
Ready for Review-Document Uploaded. Uploaded operating agreement for XXXX which was already in the file. - Seller-06/16/2025 |
Resolved-Validation Resolved' - Due Diligence Vendor-06/17/2025 Resolved-Initial review Operating Agreement not indexed/bookmarked, page # not captured, search did not locate. Uploaded Operating agreement XXXX, resolved. - Due Diligence Vendor-06/17/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4385868 | N/A | N/A | |||
| XXXX | XXXX | 9186225 | Closed | 2025-06-06 08:42 | 2025-06-16 20:18 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Partially Provided | Resolved-Received email from Flood determination provider, ServiceLink indicating subject is in a Non-Special Flood Hazard Area with no map data which makes it Zone X. - Due Diligence Vendor-06/16/2025 Ready for Review-Document Uploaded. Rescind Finding - see attached explanation from ServiceLink - Seller-06/12/2025 Open-Flood Certificate is Partially Provided Flood Determination in file does not contain an NFIP Map Number of Community-Panel Number and the NFIP Map Panel Effective/Revised Date is blank, however, the Flood insurance availability is marked as community participates and in regular program? Flood Zone also reflects an X? -- Provide revised / corrected Flood Determination with the applicable data as the Participation in the regular program is checked off and explanation in comments as warrented to explain why there is a community number, they participate in the program but no map available - Due Diligence Vendor-06/11/2025 |
Ready for Review-Document Uploaded. Rescind Finding - see attached explanation from ServiceLink - Seller-06/12/2025 |
Resolved-Received email from Flood determination provider, ServiceLink indicating subject is in a Non-Special Flood Hazard Area with no map data which makes it Zone X. - Due Diligence Vendor-06/16/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4357038 | N/A | N/A | |||
| XXXX | XXXX | 9186226 | Closed | 2025-06-06 10:56 | 2025-06-17 14:22 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Flood Certificate Partially Provided | Resolved-Letter from Flood Determination provider that subject is in a Non-Special Flood Hazard Area (NSFHA) which do not have a map panel or effective date as no map was created and area is assigned as Zone X. - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. - Seller-06/13/2025 Counter-Request to provide attachment for review - Due Diligence Vendor-06/13/2025 Ready for Review-Rescind Finding - see attached explanation from ServiceLink. This is for the other order # but reasoning remains the same. - Seller-06/12/2025 Open-Flood Certificate is Partially Provided NFIP Community Panel Number & NFIP Map Panel Date are missing. - Due Diligence Vendor-06/06/2025 |
Ready for Review-Document Uploaded. - Seller-06/13/2025 Ready for Review-Rescind Finding - see attached explanation from ServiceLink. This is for the other order # but reasoning remains the same. - Seller-06/12/2025 |
Resolved-Letter from Flood Determination provider that subject is in a Non-Special Flood Hazard Area (NSFHA) which do not have a map panel or effective date as no map was created and area is assigned as Zone X. - Due Diligence Vendor-06/17/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4357766 | N/A | N/A | |||
| XXXX | XXXX | 9186227 | Closed | 2025-06-06 14:24 | 2025-06-12 11:16 | Resolved | 1 - Information | C | A | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage amount is $0, Provided Updated Title Report, Changes made in system, Finding Resolved - Due Diligence Vendor-06/12/2025 Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-06/12/2025 Ready for Review-Document Uploaded. - Seller-06/11/2025 Open-Title Coverage Amount of $XXXX is Less than Loan Amount Title Coverage amount not meet Loan Amount hence finding opened. - Due Diligence Vendor-06/06/2025 |
Ready for Review-Document Uploaded. - Seller-06/11/2025 |
Resolved-Title Coverage amount is $XXXX, Provided Updated Title Report, Changes made in system, Finding Resolved - Due Diligence Vendor-06/12/2025 Resolved-Title Coverage Amount of $XXXX is equal to or greater than Total Amount of Subject Lien(s) - Due Diligence Vendor-06/12/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4359987 | N/A | N/A | |||
| XXXX | XXXX | 9186237 | Closed | 2025-06-11 17:40 | 2025-06-17 21:00 | Resolved | 1 - Information | C | A | Credit | Credit | Borrowing Entity / Individual has insufficient experience | Resolved-Borrower has three properties as required by GL. - Due Diligence Vendor-06/17/2025 Ready for Review-Document Uploaded. 06/16 JM - Uploaded updated REO schedule which reflects XXXX and property profiles to support property ownership. - Seller-06/16/2025 Open-Provide property report for XXXX. - Due Diligence Vendor-06/11/2025 |
Ready for Review-Document Uploaded. 06/16 JM - Uploaded updated REO schedule which reflects XXXX and property profiles to support property ownership. - Seller-06/16/2025 |
Resolved-Borrower has three properties as required by GL. - Due Diligence Vendor-06/17/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4413289 | N/A | N/A | |||
| XXXX | XXXX | 9127719 | Closed | 2025-08-01 18:06 | 2025-08-01 18:26 | Resolved | 1 - Information | A | A | Compliance | XXXX | HighCost: Fees | Resolved-Resolved - Due Diligence Vendor-08/01/2025 Open- - Due Diligence Vendor-08/01/2025 Open- - Due Diligence Vendor-08/01/2025 |
Resolved-Resolved - Due Diligence Vendor-08/01/2025 |
XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5027141 | N/A | N/A | |||||
| XXXX | XXXX | 9127719 | Closed | 2025-08-01 18:06 | 2025-08-01 18:26 | Resolved | 1 - Information | A | A | Compliance | Tolerance:FinanceCharge | Federal - Foreclosure Rescission Finance Charge Tolerance | Resolved-Resolved - Due Diligence Vendor-08/01/2025 Open- - Due Diligence Vendor-08/01/2025 Open- - Due Diligence Vendor-08/01/2025 |
Resolved-Resolved - Due Diligence Vendor-08/01/2025 |
XXXX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | 5027142 | N/A | N/A | |||||
| XXXX | XXXX | 9186243 | Closed | 2025-06-18 12:28 | 2025-06-23 11:44 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Waived-As per Guidelines minimum Reserves is 4 months But loan have 3.94 months which is not meet requirement However loan have Exception doc in Page # 1449. - Due Diligence Vendor-06/18/2025 | Waived-As per Guidelines minimum Reserves is 4 months But loan have 3.94 months which is not meet requirement However loan have Exception doc in Page # 1449. - Due Diligence Vendor-06/18/2025 |
1. FICO - as per guidelines minimum reserves is 680 but loan have 783 which is meet requirements. 100 points over the requirements 2. CREDIT HISTORY - borrower has illustrated consistency with 24 years of credit history with no late payments. |
XXXX | Investment | Refinance | Cash Out - Other | 4483891 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 9186254 | Closed | 2025-06-23 18:19 | 2025-07-02 19:07 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Borrower 1 ITIN Information | Resolved-ITIN verification provided. - Due Diligence Vendor-07/02/2025 Counter-Per the Foreign National portion of guidelines, ITIN documentation is required. Provide signed exception for guideline breach - Due Diligence Vendor-07/01/2025 Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded ITIN Verification - Seller-06/27/2025 Open-Request to provide a copy of the ITIN doc - Due Diligence Vendor-06/23/2025 |
Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded ITIN Verification - Seller-06/27/2025 |
Resolved-ITIN verification provided. - Due Diligence Vendor-07/02/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4531367 | N/A | N/A | |||
| XXXX | XXXX | 9186254 | Closed | 2025-06-18 17:27 | 2025-06-24 11:21 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Latest/Final Application Document | Resolved-property is multi family unit, Provided 3 reo's on Loan application , required Additional Reo's, for 9 unit multi family, provided Updated Reo Schedule, Changes made in system, Finding Resolved - Due Diligence Vendor-06/24/2025 Ready for Review-Document Uploaded. 6/23 JM - Uploaded REO schedule reflecting 3+ properties to support borrower is EXPERIENCED. - Seller-06/23/2025 Open-Loan is multi-unit property with 9 properties which is going with refinance, but Loan application shows No REO's. Request for supporting documentation - Due Diligence Vendor-06/18/2025 |
Ready for Review-Document Uploaded. 6/23 JM - Uploaded REO schedule reflecting 3+ properties to support borrower is EXPERIENCED. - Seller-06/23/2025 |
Resolved-property is multi family unit, Provided 3 reo's on Loan application , required Additional Reo's, for 9 unit multi family, provided Updated Reo Schedule, Changes made in system, Finding Resolved - Due Diligence Vendor-06/24/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4489333 | N/A | N/A | |||
| XXXX | XXXX | 9186255 | Closed | 2025-06-24 05:12 | 2025-07-02 19:08 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Borrower 1 ITIN Information | Resolved-ITIN verification provided. - Due Diligence Vendor-07/02/2025 Counter-Per the Foreign National portion of guidelines, ITIN documentation is required. Provide signed exception for guideline breach - Due Diligence Vendor-07/01/2025 Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded ITIN Verification - Seller-06/27/2025 Open-Borrower 1 ITIN information Missing. Please provide acceptable documentation. As per Guidelines Required ITIN doc or LOE for SSN # for Foreign Nation loans. - Due Diligence Vendor-06/24/2025 |
Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded ITIN Verification - Seller-06/27/2025 |
Resolved-ITIN verification provided. - Due Diligence Vendor-07/02/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4536935 | N/A | N/A | |||
| XXXX | XXXX | 9186256 | Closed | 2025-06-23 18:18 | 2025-07-02 19:09 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Borrower 1 ITIN Information | Resolved-ITIN verification provided. - Due Diligence Vendor-07/02/2025 Counter-Per the Foreign National portion of guidelines, ITIN documentation is required. Provide signed exception for guideline breach - Due Diligence Vendor-07/01/2025 Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded ITIN verification - Seller-06/27/2025 Open-Request to provide copy of ITIN doc - Due Diligence Vendor-06/23/2025 |
Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded ITIN verification - Seller-06/27/2025 |
Resolved-ITIN verification provided. - Due Diligence Vendor-07/02/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4531348 | N/A | N/A | |||
| XXXX | XXXX | 9186257 | Closed | 2025-06-24 05:20 | 2025-07-02 19:16 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Borrower 1 ITIN Information | Resolved-ITIN verification provided. - Due Diligence Vendor-07/02/2025 Counter-The borrower is a Foreign National. Requesting as per guidelines XXXX, to provide ITIN document. Requesting the ITIN letter from borrower. - Due Diligence Vendor-07/01/2025 Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded ITIN verification - Seller-06/27/2025 Open-Borrower 1 ITIN information Missing. Please provide acceptable documentation. The borrower is a Foreign National. Requesting as per guidelines XXXX, to provide ITIN document. - Due Diligence Vendor-06/24/2025 |
Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded ITIN verification - Seller-06/27/2025 |
Resolved-ITIN verification provided. - Due Diligence Vendor-07/02/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4536965 | N/A | N/A | |||
| XXXX | XXXX | 9186258 | Closed | 2025-06-24 17:34 | 2025-07-02 19:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Latest/Final Application Document | Resolved-Address Addendum provided. - Due Diligence Vendor-07/02/2025 Ready for Review-Document Uploaded. Address Addendum Attached - Seller-07/01/2025 Counter-The address addendum with primary address in XXXX is missing from file. Requesting the address addendum for application. - Due Diligence Vendor-07/01/2025 Ready for Review-6/27/25 - WJ - RESCIND FINDING PLEASE - address addendum with primary address in XXXX is in the file - Seller-06/27/2025 Open-The Application page 1718 shows the borrowers Primary Address as a US Address for a Foreign National. Requesting updated Application. - Due Diligence Vendor-06/24/2025 |
Ready for Review-Document Uploaded. Address Addendum Attached - Seller-07/01/2025 Ready for Review-6/27/25 - WJ - RESCIND FINDING PLEASE - address addendum with primary address in XXXX is in the file - Seller-06/27/2025 |
Resolved-Address Addendum provided. - Due Diligence Vendor-07/02/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4545064 | N/A | N/A | |||
| XXXX | XXXX | 9186258 | Closed | 2025-06-24 05:20 | 2025-06-30 11:29 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Borrower 1 ITIN Information | Resolved-Borrower is Foreign Nation , per GL's Require ITIN or SSN, Asked for the same, provided ITIN, Changes made in system, Finding Resolved - Due Diligence Vendor-06/30/2025 Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded ITIN verification - Seller-06/27/2025 Open-Borrower 1 ITIN information Missing. Please provide acceptable documentation. Provide Individual identification taxpayer number or LOX since borrower is Foreign National. - Due Diligence Vendor-06/24/2025 |
Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded ITIN verification - Seller-06/27/2025 |
Resolved-Borrower is Foreign Nation , per GL's Require ITIN or SSN, Asked for the same, provided ITIN, Changes made in system, Finding Resolved - Due Diligence Vendor-06/30/2025 Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-06/30/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4536964 | N/A | N/A | |||
| XXXX | XXXX | 9186258 | Closed | 2025-06-22 06:28 | 2025-06-30 09:01 | Resolved | 1 - Information | C | A | Credit | Credit | Borrowing Entity / Individual has insufficient experience | Resolved-Borrower is Experienced, But no Reo's in Loan Application, Updated Reo Schedule Provided, Changes made in system, Finding Resolved - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded two REO Addendums - Seller-06/27/2025 Open-Loan is Experience as per Overview doc on page # 1716 shows 5 Properties But in loan application doc No REO's properties reflecting. - Due Diligence Vendor-06/22/2025 |
Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded two REO Addendums - Seller-06/27/2025 |
Resolved-Borrower is Experienced, But no Reo's in Loan Application, Updated Reo Schedule Provided, Changes made in system, Finding Resolved - Due Diligence Vendor-06/30/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4521745 | N/A | N/A | |||
| XXXX | XXXX | 9186259 | Closed | 2025-06-24 15:11 | 2025-07-02 14:34 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Citizenship Identification Documentation Missing | Resolved-XXXX is included in the VISA waiver program. - Due Diligence Vendor-07/02/2025 Ready for Review-6/27/25 - WJ - RESCIND FINDING PLEASE - XXXX is included in the VISA waiver program, therefore a VISA is not required. - Seller-06/27/2025 Open-Borrower 1 Non-US Citizen Identification Document Missing. Please provide acceptable documentation. The borrower is a Foreign National. Requesting as per guidelines XXXX, to provide the missing US Visa. - Due Diligence Vendor-06/24/2025 |
Ready for Review-6/27/25 - WJ - RESCIND FINDING PLEASE - XXXX is included in the VISA waiver program, therefore a VISA is not required. - Seller-06/27/2025 |
Resolved-XXXX is included in the VISA waiver program. - Due Diligence Vendor-07/02/2025 |
XXXX | Investment | Refinance | Cash Out - Other | 4542079 | N/A | N/A | ||||
| XXXX | XXXX | 9186259 | Closed | 2025-06-24 06:17 | 2025-06-30 11:26 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Borrower 1 ITIN Information | Resolved-Borrower is Foreign Nation , per GL's Require ITIN or SSN, Asked for the same, provided ITIN, Changes made in system, Finding Resolved - Due Diligence Vendor-06/30/2025 Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded ITIN verification - Seller-06/27/2025 Open-Borrower 1 ITIN information Missing. Please provide acceptable documentation. provide Individual identification taxpayer number or LOX since borrower is Foreign National . - Due Diligence Vendor-06/24/2025 |
Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded ITIN verification - Seller-06/27/2025 |
Resolved-Borrower is Foreign Nation , per GL's Require ITIN or SSN, Asked for the same, provided ITIN, Changes made in system, Finding Resolved - Due Diligence Vendor-06/30/2025 Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-06/30/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4537128 | N/A | N/A | |||
| XXXX | XXXX | 9186259 | Closed | 2025-06-18 10:22 | 2025-06-26 11:53 | Resolved | 1 - Information | C | A | Credit | Credit | Borrowing Entity / Individual has insufficient experience | Resolved-Borrower is experienced but Loan application has no Reo Properties listed, Provided Reo Schedule, Changes made in system, Finding Resolved - Due Diligence Vendor-06/26/2025 Ready for Review-Document Uploaded. 6/25/25 - WJ - Uploaded two REO addendums that correspond to the property profiles in the file. - Seller-06/25/2025 Open-Per Credit Memo & 1003 Application Borrower is Experienced, and we have Property Reports in file, but no Reo's Reflecting in Loan Application. - Due Diligence Vendor-06/18/2025 |
Ready for Review-Document Uploaded. 6/25/25 - WJ - Uploaded two REO addendums that correspond to the property profiles in the file. - Seller-06/25/2025 |
Resolved-Borrower is experienced but Loan application has no Reo Properties listed, Provided Reo Schedule, Changes made in system, Finding Resolved - Due Diligence Vendor-06/26/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4482992 | N/A | N/A | |||
| XXXX | XXXX | 9186259 | Closed | 2025-06-24 15:23 | 2025-06-24 15:23 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Audited Loan Amount is less than Guideline Minimum Loan Amount Loan amount is $XXXX for property of (XXXX). Exception found page 1225. - Due Diligence Vendor-06/24/2025 | Waived-Audited Loan Amount is less than Guideline Minimum Loan Amount Loan amount is $XXXX property of (XXXX XXXX). Exception found page 1225. - Due Diligence Vendor-06/24/2025 |
Compensating Factor 1: 39.14 / $316,423.23 months Reserves, Minimum required 6 months Compensating Factor 2: 1.351 DSCR, Minimum required 1.00 DSCR - 35 points above minimum Compensating Factor 3: FICO score 725, Minimum required 680, 45 points over minimum |
XXXX | Investment | Refinance | Cash Out - Other | 4542518 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 9186260 | Closed | 2025-06-24 06:20 | 2025-06-30 11:24 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Borrower 1 ITIN Information | Resolved-Borrower is Foreign Nation , per GL's Require ITIN or SSN, Asked for the same, provided ITIN, Changes made in system, Finding Resolved - Due Diligence Vendor-06/30/2025 Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded ITIN verification - Seller-06/27/2025 Open-provide Individual identification taxpayer number or LOX since borrower is Foreign National. - Due Diligence Vendor-06/24/2025 |
Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded ITIN verification - Seller-06/27/2025 |
Resolved-Borrower is Foreign Nation , per GL's Require ITIN or SSN, Asked for the same, provided ITIN, Changes made in system, Finding Resolved - Due Diligence Vendor-06/30/2025 Resolved-Validation Resolved or Not Applicable - Due Diligence Vendor-06/30/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4537147 | N/A | N/A | |||
| XXXX | XXXX | 9186260 | Closed | 2025-06-20 10:32 | 2025-06-30 09:05 | Resolved | 1 - Information | C | A | Credit | Credit | Borrowing Entity / Individual has insufficient experience | Resolved-Borrower is Experienced, But no Reo's in Loan Application, Updated Reo Schedule Provided, Changes made in system, Finding Resolved - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded two REO Addendums - Seller-06/27/2025 Open-Per Credit Memo & 1003 Application Borrower is Experienced, and we have Property Reports in file, but no Reo's Reflecting in Loan Application. - Due Diligence Vendor-06/20/2025 |
Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded two REO Addendums - Seller-06/27/2025 |
Resolved-Borrower is Experienced, But no Reo's in Loan Application, Updated Reo Schedule Provided, Changes made in system, Finding Resolved - Due Diligence Vendor-06/30/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4507912 | N/A | N/A | |||
| XXXX | XXXX | 9186244 | Closed | 2025-06-18 07:21 | 2025-06-20 14:51 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Audited Loan Amount is less than Guideline Minimum Loan Amount Audited Loan Amount $XXXX is less than Guideline Minimum Loan Amount XXXX. Exception approved for a Loan amount of $XXXX Exception approval available on page 301 - Due Diligence Vendor-06/18/2025 |
Waived-Audited Loan Amount is less than Guideline Minimum Loan Amount Audited Loan Amount $XXXX is less than Guideline Minimum Loan Amount $XXXX Exception approved for a Loan amount of $XXXX Exception approval available on page 301 - Due Diligence Vendor-06/18/2025 |
Reserves. Post-closing reserves are $99,341.12. Required months minimum is 4 months, borrower has 127.66 Post-closing reserve months. DSCR. 1.414 - This is 0.414 greater than the required 1.000 required to qualify. Credit/FICO. 786 - This is 126 points greater than the required 660 FICO to qualify. |
XXXX | Investment | Refinance | Cash Out - Other | 4482437 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 9186252 | Closed | 2025-06-18 10:23 | 2025-06-25 14:59 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-Uploaded Application Physical Address in XXXX, Mailing Address USA. Resolved. - Due Diligence Vendor-06/25/2025 Resolved-Borrower is Foreign national, Current address is in USA, Provided Updated Loan Application Changes made in system, Finding Resolved - Due Diligence Vendor-06/25/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-06/25/2025 Ready for Review-Document Uploaded. 6/24 JM - Uploaded updated application reflecting borrower's primary residence address in XXXX. - Seller-06/24/2025 Open-The Final 1003 is Incomplete Loan application shows primary address in U.S but Per G/L's Foreign national Primary residence address should be in the U.S which should be in a foreign country. Provide updated loan application. - Due Diligence Vendor-06/18/2025 |
Ready for Review-Document Uploaded. 6/24 JM - Uploaded updated application reflecting borrower's primary residence address in XXXX. - Seller-06/24/2025 |
Resolved-Uploaded Application Physical Address in XXXX, Mailing Address USA. Resolved. - Due Diligence Vendor-06/25/2025 Resolved-Borrower is Foreign national, Current address is in USA, Provided Updated Loan Application Changes made in system, Finding Resolved - Due Diligence Vendor-06/25/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-06/25/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4482993 | N/A | N/A | |||
| XXXX | XXXX | 9186252 | Closed | 2025-06-20 20:34 | 2025-06-25 14:55 | Resolved | 1 - Information | C | A | Credit | Title | Title issue | Resolved-Executed Ground Rent Redemption Deed to remove Leasehold, Subject property now Fee Simple land interest. Resolved. - Due Diligence Vendor-06/25/2025 Ready for Review-Document Uploaded. 6/23 JM - Uploaded fully executed redemption deed. - Seller-06/23/2025 Open-Missing Executed Ground Rent Redemption Deed to remove land interest as Leasehold and assign as Fee Simple. - Due Diligence Vendor-06/20/2025 |
Ready for Review-Document Uploaded. 6/23 JM - Uploaded fully executed redemption deed. - Seller-06/23/2025 |
Resolved-Executed Ground Rent Redemption Deed to remove Leasehold, Subject property now Fee Simple land interest. Resolved. - Due Diligence Vendor-06/25/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4517867 | N/A | N/A | |||
| XXXX | XXXX | 9186253 | Closed | 2025-06-18 08:34 | 2025-07-01 14:20 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Tax Cert | Resolved-UW used gross taxes to qualify versus the net taxes, so the impounds are based on a higher number. DSCR within variance tolerance, resolved. - Due Diligence Vendor-07/01/2025 Ready for Review-6/27/25 - WJ - Please note that the UW used gross taxes to qualify versus the net taxes, so the impounds are based on a higher number. They will be corrected when the impound account is recalibrated when the new tax bill comes out. - Seller-06/27/2025 Open-Per HUD1, payment letter, Sizer the tax amount is $55.35 where tax cert on file shows tax amount as $43.59 only. Provide correct tax cert doc validating this $55.35 amount. - Due Diligence Vendor-06/18/2025 |
Ready for Review-6/27/25 - WJ - Please note that the UW used gross taxes to qualify versus the net taxes, so the impounds are based on a higher number. They will be corrected when the impound account is recalibrated when the new tax bill comes out. - Seller-06/27/2025 |
Resolved-UW used gross taxes to qualify versus the net taxes, so the impounds are based on a higher number. DSCR within variance tolerance, resolved. - Due Diligence Vendor-07/01/2025 |
XXXX | Investment | Refinance | Cash Out - Other | 4482629 | N/A | N/A | ||||
| XXXX | XXXX | 9186253 | Closed | 2025-06-18 08:20 | 2025-06-20 21:51 | Waived | 2 - Non-Material | B | B | Credit | Eligibility | Audited Loan Amount is less than Guideline Minimum Loan Amount | Waived-Audited Loan Amount of $XXXX is less than the Guideline Minimum Loan Amount of $XXXX Page# 293 shows Exception approval for loan amount of $XXXX below than the GL min amount of $XXXX and XXXX Square Feet. Reserves 136 month vs Minimum 4 months FICO 764 vs Minimum 660 DSCR 1.274 vs Minimum 1.00 - Due Diligence Vendor-06/18/2025 |
Waived-Audited Loan Amount of $XXXX is less than the Guideline Minimum Loan Amount of $XXXX Page# 293 shows Exception approval for loan amount of $XXXX below than the GL min amount of $XXXX and XXXX Square Feet. Reserves 136 month vs Minimum 4 months FICO 764 vs Minimum 660 DSCR 1.274 vs Minimum 1.00 - Due Diligence Vendor-06/18/2025 |
Reserves 136 month vs Minimum 4 months FICO 764 vs Minimum 660 DSCR 1.274 vs Minimum 1.00 |
XXXX | Investment | Refinance | Cash Out - Other | 4482588 | Originator Pre-Close | Yes | ||||
| XXXX | XXXX | 9186265 | Closed | 2025-06-20 07:07 | 2025-06-24 11:31 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Application | Resolved-Borrower is No-Experienced Per Laon Application, credit memo Shows borrower is Experienced, provided Reo Schedule, Changes made in system, Finding Resolved - Due Diligence Vendor-06/24/2025 Ready for Review-Document Uploaded. 6/23 JM - Uploaded the updated REO schedule reflected the subject property as 1 verfied (this is a refinance transaction). Because it has been owned <12 months the borrower is still considered NO EXPERIENCE. - Seller-06/23/2025 Open-Loan is No Experience with No REO's but as per Loan application on page #558-563 shows as Experience. Provide the updated loan application. - Due Diligence Vendor-06/20/2025 |
Ready for Review-Document Uploaded. 6/23 JM - Uploaded the updated REO schedule reflected the subject property as 1 verfied (this is a refinance transaction). Because it has been owned <12 months the borrower is still considered NO EXPERIENCE. - Seller-06/23/2025 |
Resolved-Borrower is No-Experienced Per Laon Application, credit memo Shows borrower is Experienced, provided Reo Schedule, Changes made in system, Finding Resolved - Due Diligence Vendor-06/24/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4506659 | N/A | N/A | |||
| XXXX | XXXX | 9186268 | Closed | 2025-06-18 12:38 | 2025-06-30 11:21 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved- Borrower is Foreign national, Current is in US , asked for Updated Loan Application, provided the same, Changes made in system, Finding Resolved - Due Diligence Vendor-06/30/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-06/30/2025 Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded application with correct foreign primary address. - Seller-06/27/2025 Open-The Final 1003 is Incomplete Loan application shows primary address in U.S but Per G/L's Foreign national Primary residence address should be in the U.S which should be in a foreign country. Provide updated loan application. - Due Diligence Vendor-06/18/2025 |
Ready for Review-Document Uploaded. 6/27/25 - WJ - Uploaded application with correct foreign primary address. - Seller-06/27/2025 |
Resolved- Borrower is Foreign national, Current is in US , asked for Updated Loan Application, provided the same, Changes made in system, Finding Resolved - Due Diligence Vendor-06/30/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-06/30/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4483976 | N/A | N/A | |||
| XXXX | XXXX | 9186270 | Closed | 2025-06-18 04:54 | 2025-06-24 11:12 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-version date on credit memo is XXXX, whereas Tape data reflecting Version date as XXXX, provided updated credit memo With version date XXXX, Changes made in system, Finding Resolved - Due Diligence Vendor-06/24/2025 Ready for Review-Document Uploaded. 6/23 JM - Uploaded updated CM reflecting XXXX guideline version date. - Seller-06/23/2025 Open-Provide the updated Credit Memo document, in file we have the credit memo on page# 322 it is showing the guideline version date XXXX but tape data is showing the XXXX .,, Provide the updated Credit Memo document with the Guideline Version XXXX. - Due Diligence Vendor-06/18/2025 |
Ready for Review-Document Uploaded. 6/23 JM - Uploaded updated CM reflecting XXXX guideline version date. - Seller-06/23/2025 |
Resolved-version date on credit memo is XXXX, whereas Tape data reflecting Version date as XXXX, provided updated credit memo With version date XXXX, Changes made in system, Finding Resolved - Due Diligence Vendor-06/24/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4481952 | N/A | N/A | |||
| XXXX | XXXX | 9186271 | Closed | 2025-06-18 05:50 | 2025-06-26 11:34 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Version date mis match from provided Credit memo to tape Data, provided Updated Credit memo with correct Version date, Changes made in system, Finding Resolved - Due Diligence Vendor-06/26/2025 Ready for Review-Document Uploaded. 6/25/25 - WJ - Uploaded correct credit memo - Seller-06/25/2025 Open-Provide the updated Credit Memo document, in file we have the credit memo on page# 391 it is showing the guideline version date XXXX but tape data is showing the XXXX .,, Provide the updated Credit Memo document with the Guideline Version XXXX. - Due Diligence Vendor-06/18/2025 |
Ready for Review-Document Uploaded. 6/25/25 - WJ - Uploaded correct credit memo - Seller-06/25/2025 |
Resolved-Version date mis match from provided Credit memo to tape Data, provided Updated Credit memo with correct Version date, Changes made in system, Finding Resolved - Due Diligence Vendor-06/26/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4482148 | N/A | N/A | |||
| XXXX | XXXX | 9186273 | Closed | 2025-06-24 01:05 | 2025-06-24 01:05 | Resolved | 1 - Information | A | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) PUBLIC ASSISTANCE AREA (3) | Resolved-Property potentially affected by FEMA Disaster ID XXXX. XXXX - Declared XXXX with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. Disaster Inspection Report provided dated XXXX. Property is free of damage. - Due Diligence Vendor-06/24/2025 | Resolved-Property potentially affected by FEMA Disaster ID XXXX. XXXX - Declared XXXX with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. Disaster Inspection Report provided dated XXXX. Property is free of damage. - Due Diligence Vendor-06/24/2025 |
XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4536031 | N/A | N/A | |||||
| XXXX | XXXX | 9186285 | Closed | 2025-06-24 14:48 | 2025-06-27 15:18 | Resolved | 1 - Information | C | A | Credit | Credit | Property potentially affected by FEMA Disaster(s) INDIVIDUAL ASSISTANCE AREA | Resolved-Property inspection with exterior photos dated XXXX provided indicating free and clear of disaster related damage. - Due Diligence Vendor-06/27/2025 Ready for Review-Document Uploaded. - Seller-06/25/2025 Open-Property potentially affected by FEMA Disaster ID XXXX. XXXX - Declared XXXX with an Incident End Date of XXXX with Public Assistance: YES and Individual Assistance: YES. Property inspection with exterior photos required. - Due Diligence Vendor-06/24/2025 |
Ready for Review-Document Uploaded. - Seller-06/25/2025 |
Resolved-Property inspection with exterior photos dated XXXX provided indicating free and clear of disaster related damage. - Due Diligence Vendor-06/27/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4541407 | N/A | N/A | |||
| XXXX | XXXX | 9186289 | Closed | 2025-06-24 18:59 | 2025-07-02 20:14 | Resolved | 1 - Information | C | A | Credit | Credit | Appraisal deficiency. | Resolved-Updated V2 sizer provided. - Due Diligence Vendor-07/02/2025 Ready for Review-Document Uploaded. 7/2 JM - Uploaded unobstructed V2 sizer. - Seller-07/02/2025 Counter-Credit Sizer V2 page 2 top is covered up by dropdown. Provide V2 with page 2 with top section uncovered. - Due Diligence Vendor-07/02/2025 Ready for Review-Document Uploaded. JM 6/30 - Uploaded updated credit memo and V2 Sizer reflecting $XXXX appraised value and 68.75% LTV. - Seller-06/30/2025 Counter-Subject is a R/T refinance per the Credit Sizer and Loan Approval Overview with the appraisal & desk review in the file stating market value is $XXXX. The subject was acquired on XXXX for $XXXX with extensive renovations as noted in the appraisal. The Credit Sizer and Loan Approval Overview indicate a value of $XXXX, however the file does not contain a valuation report supporting this amount. Provide a valuation report to support the $XXXX on the Loan Approval Overview and Credit Sizer. - Due Diligence Vendor-06/27/2025 Ready for Review-Subject is a R/T refinance per the Credit Sizer and Loan Approval Overview with the appraisal & desk review in the file stating market value is $XXXX. The subject was acquired on XXXX for $XXXX with extensive renovations as noted in the appraisal. The Credit Sizer and Loan Approval Overview indicate a value of $XXXX, however the file does not contain a valuation report supporting this amount. Provide a valuation report to support the $XXXX on the Loan Approval Overview and Credit Sizer. - Due Diligence Vendor-06/27/2025 Ready for Review-6/25/25 - WJ - Per guidelines, for purchases, LTV is based upon the lesser of the purchase price or appraised value. In this case, the purchase price of $XXXX is less than the appraised value of $XXXX which is why the qualifying value is stated as $XXXX - Seller-06/25/2025 Open-Provide appraisal/valuation document supporting the $XXXX value per the Loan Approval Overview and Credit Sizer. - Due Diligence Vendor-06/24/2025 |
Ready for Review-Document Uploaded. 7/2 JM - Uploaded unobstructed V2 sizer. - Seller-07/02/2025 Ready for Review-Document Uploaded. JM 6/30 - Uploaded updated credit memo and V2 Sizer reflecting $XXXX appraised value and 68.75% LTV. - Seller-06/30/2025 Ready for Review-6/25/25 - WJ - Per guidelines, for purchases, LTV is based upon the lesser of the purchase price or appraised value. In this case, the purchase price of $XXXX is less than the appraised value of $XXXX which is why the qualifying value is stated as $XXXX - Seller-06/25/2025 |
Resolved-Updated V2 sizer provided. - Due Diligence Vendor-07/02/2025 |
XXXX | XXXX | Investment | Refinance | No Cash Out - Borrower Initiated | 4546700 | N/A | N/A | |||
| XXXX | XXXX | 9218270 | Closed | 2025-07-14 07:42 | 2025-07-25 17:21 | Resolved | 1 - Information | C | A | Compliance | XXXX | IA Fee Not Allowed- Closing Services (Fee ID: 998) | Resolved-Finding resolved with uploaded documents - Due Diligence Vendor-07/25/2025 Resolved- - Due Diligence Vendor-07/21/2025 Ready for Review-Document Uploaded. Please see PCCD moving the $155 to correct section. - Seller-07/18/2025 Open-Closing Services (Fee ID: 998) is not allowed to be charged to the Borrower, Seller, Originator, Lender or Other and paid to the Lender, Originator, Affiliate or Provider in XXXX under the XXXX Money and Interest Provisions. Only fees specified under XXXX Code 535.8(a) and (b) may be charged in connection with a loan secured by a 1-2 unit primary or vacation dwelling. (XXXX Code 535.8(4)(b)(1)). Closing Services (Fee ID: 998) is not allowed to be charged to the Borrower, Seller, Originator, Lender or Other and paid to the Lender, Originator, Affiliate or Provider in XXXX under the XXXX Money and Interest Provisions. Only fees specified under XXXX Code 535.8(a) and (b) may be charged in connection with a loan secured by a 1-2 unit primary or vacation dwelling. (XXXX Code 535.8(4)(b)(1)). XXXX state is not allowing Closing Services to be charged to the Borrower. Amend Final CD Allowable Charge $XXXX to City Clerk - Due Diligence Vendor-07/14/2025 Open- - Due Diligence Vendor-07/16/2025 Open- - Due Diligence Vendor-07/14/2025 |
Ready for Review-Document Uploaded. Please see PCCD moving the $XXXX to correct section. - Seller-07/18/2025 |
Resolved-Finding resolved with uploaded documents - Due Diligence Vendor-07/25/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | 4799945 | N/A | N/A | |||
| XXXX | XXXX | 9218270 | Closed | 2025-07-16 15:44 | 2025-07-22 19:40 | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-07/22/2025 Ready for Review-Document Uploaded. Please see Mortgage Refresh showing DLA XXXX with XXXX. - Seller-07/21/2025 Open-Housing History Does Not Meet Guideline Requirements Final CD Disbursement XXXX. Guidelines Page 43 all housing late payments must be cured at the time of application and remain paid as agreed thru closing. Missing housing payments for XXXX XXXX and XXXX months XXXX. - Due Diligence Vendor-07/16/2025 |
Ready for Review-Document Uploaded. Please see Mortgage Refresh showing DLA 07/01 with 0x30. - Seller-07/21/2025 |
Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-07/22/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | 4836564 | N/A | N/A | |||
| XXXX | XXXX | 9218270 | Closed | 2025-07-16 16:41 | 2025-07-21 14:00 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Executed 4506-T Missing | Resolved-Borrower 1 Executed 4506-T Provided - Due Diligence Vendor-07/21/2025 Ready for Review-Document Uploaded. There are no more 4506-T, only 4506-C. There are 2 copies in the file. One on page 244 and one on page 362 of our package. - Seller-07/17/2025 Open-Borrower 1 Executed 4506-T Missing - Due Diligence Vendor-07/16/2025 |
Ready for Review-Document Uploaded. There are no more 4506-T, only 4506-C. There are 2 copies in the file. One on page 244 and one on page 362 of our package. - Seller-07/17/2025 |
Resolved-Borrower 1 Executed 4506-T Provided - Due Diligence Vendor-07/21/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | 4837809 | N/A | N/A | |||
| XXXX | XXXX | 9218270 | Closed | 2025-07-14 07:42 | 2025-07-25 12:45 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-Resolved. - Due Diligence Vendor-07/25/2025 Ready for Review-Yes this is a HPML Loan. Please advise what is needed here. - Seller-07/23/2025 Open- - Due Diligence Vendor-07/22/2025 Resolved-The loan's (8.987%) APR equals or exceeds the Federal HPML threshold of (8.38%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.88%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC's, Fees, and dates are entered correctly. Rate lock date was entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s302, 319. Final Closing disclosure on Pg#’114 Rate lock doc on pg-107. An interior and exterior appraisal was completed for this property on pg-56. A copy of the appraisal was given to the borrower on pgs-357 confirmation the appraisal was delivered to the borrower – see Pg#’s 131. The loan meets HPML Guidelines, resolved. - Due Diligence Vendor-07/21/2025 Open- - Due Diligence Vendor-07/21/2025 Resolved-The loan's (8.987%) APR equals or exceeds the Federal HPML threshold of (8.38%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.88%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC's, Fees, and dates are entered correctly. Rate lock date was entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s302, 319. Final Closing disclosure on Pg#’114 Rate lock doc on pg-107. An interior and exterior appraisal was completed for this property on pg-56. A copy of the appraisal was given to the borrower on pgs-357 confirmation the appraisal was delivered to the borrower – see Pg#’s 131. The loan meets HPML Guidelines, resolved. - Due Diligence Vendor-07/14/2025 Open- - Due Diligence Vendor-07/16/2025 Open- - Due Diligence Vendor-07/16/2025 Open- - Due Diligence Vendor-07/16/2025 Open- - Due Diligence Vendor-07/14/2025 |
Ready for Review-Yes this is a HPML Loan. Please advise what is needed here. - Seller-07/23/2025 |
Resolved-Resolved. - Due Diligence Vendor-07/25/2025 Resolved-The loan's (8.987%) APR equals or exceeds the Federal HPML threshold of (8.38%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.88%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC's, Fees, and dates are entered correctly. Rate lock date was entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s302, 319. Final Closing disclosure on Pg#’114 Rate lock doc on pg-107. An interior and exterior appraisal was completed for this property on pg-56. A copy of the appraisal was given to the borrower on pgs-357 confirmation the appraisal was delivered to the borrower – see Pg#’s 131. The loan meets HPML Guidelines, resolved. - Due Diligence Vendor-07/21/2025 Resolved-The loan's (8.987%) APR equals or exceeds the Federal HPML threshold of (8.38%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.88%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC's, Fees, and dates are entered correctly. Rate lock date was entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s302, 319. Final Closing disclosure on Pg#’114 Rate lock doc on pg-107. An interior and exterior appraisal was completed for this property on pg-56. A copy of the appraisal was given to the borrower on pgs-357 confirmation the appraisal was delivered to the borrower – see Pg#’s 131. The loan meets HPML Guidelines, resolved. - Due Diligence Vendor-07/14/2025 |
XXXX | Primary Residence | Refinance | Cash Out - Other | 4799942 | N/A | N/A | ||||
| XXXX | XXXX | 9218393 | Closed | 2025-07-21 17:32 | 2025-08-05 20:14 | Resolved | 1 - Information | C | A | Credit | Assets | Asset Qualifications do not meet requirements | Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-08/05/2025 Ready for Review-Document Uploaded. Above is where the $88,598.81 came from, there business account with XXXX ending XXXX. They had another account with XXXX, which is the source of couple large deposits, The LOE in file explains that the account was being closed. See LOE also in file dated XXXX - Seller-08/04/2025 Counter-XXXX XXXX balance as of XXXX which is where Gift was deposited XXXX. Where did funds come from for $XXXX deposit to Escrow? Where have Post close Reserves been documented? - Due Diligence Vendor-08/04/2025 Ready for Review-Document Uploaded. - Seller-08/01/2025 Ready for Review-Acct XXXX -XXXX has all the transactions listed. Gift was sourced and provided as well. Borrower has funds he even received money back. What is needed here? - Seller-08/01/2025 Counter-Closing funds wired XXXX $XXXX, documentation provided available assets XXXX XXXX $XXXX as of XXXX (which includes Gift deposited $XXXX XXXX), XXXX $XXXX as of XXXX, XXXX Credit Union Savings $XXXX as of XXXX. - Due Diligence Vendor-07/31/2025 Ready for Review-XXXX -closing funds wired XXXX and balance in account XXXX XXXX RESERVES NEEDED XXXX-has XXXX - Seller-07/30/2025 Counter-PCCD applied after Borrower deposited funds, however we don’t have documentation verified for amount deposited. Funds required to close $XXXX (EMD $XXXX + deposited $XXXX minus cash back to Borrower post close -$XXXX) plus PITI Reserves $XXXX = Total Assets to verify $XXXX. Audited available assets XXXX XXXX $XXXX as of XXXX (which includes Gift deposited $XXXX), XXXX $XXXX as of XXXX, XXXX as of XXXX, Earnest Money $XXXX = $XXXX. Missing documentation short funds $XXXX. - Due Diligence Vendor-07/23/2025 Ready for Review-Document Uploaded. - Seller-07/22/2025 Open-Asset Qualification Does Not Meet Guideline Requirements Short verified funds required to close and reserves, Matrix 90% LTV 6 months reserves required. Funds required to close $XXXX plus PITI Reserves $XXXX = Total Assets to verify $XXXX Audited available assets XXXX XXXX $XXXX as of XXXX (which includes Gift deposited $XXXX), XXXX, XXXX, Earnest Money XXXX . Short verified funds $XXXX. - Due Diligence Vendor-07/21/2025 |
Ready for Review-Document Uploaded. Above is where the $XXXX came from, there business account with XXXX ending XXXX. They had another account with XXXX, which is the source of couple large deposits, The LOE in file explains that the account was being closed. See LOE also in file dated XXXX - Seller-08/04/2025 Ready for Review-Document Uploaded. - Seller-08/01/2025 Ready for Review-Acct XXXX -XXXX has all the transactions listed. Gift was sourced and provided as well. Borrower has funds he even received money back. What is needed here? - Seller-08/01/2025 Ready for Review-XXXX -closing funds wired XXXX $XXXX and balance in account XXXX XXXX XXXX XXXX RESERVES NEEDED XXXX-has XXXX - Seller-07/30/2025 Ready for Review-Document Uploaded. - Seller-07/22/2025 |
Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-08/05/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4890757 | N/A | N/A | |||
| XXXX | XXXX | 9218499 | Closed | 2025-07-21 17:06 | 2025-07-25 00:48 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Executed 4506-T Missing | Resolved-Borrower 2 Executed 4506-T Provided - Due Diligence Vendor-07/25/2025 Resolved-B1 Executed 4506-C uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-07/22/2025 Resolved-Borrower 1 Executed 4506-T Provided - Due Diligence Vendor-07/22/2025 Ready for Review-Document Uploaded. uploaded for B1 and B2 - Seller-07/21/2025 Open-Borrower 1 Executed 4506-T Missing - Due Diligence Vendor-07/21/2025 |
Ready for Review-Document Uploaded. uploaded for B1 and B2 - Seller-07/21/2025 |
Resolved-Borrower 2 Executed 4506-T Provided - Due Diligence Vendor-07/25/2025 Resolved-B1 Executed 4506-C uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-07/22/2025 Resolved-Borrower 1 Executed 4506-T Provided - Due Diligence Vendor-07/22/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4890186 | N/A | N/A | |||
| XXXX | XXXX | 9218499 | Closed | 2025-07-18 10:55 | 2025-07-22 15:02 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Executed 4506-T Missing | Resolved-B2 Executed 4506-C uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-07/22/2025 Resolved-Borrower 2 Executed 4506-T Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-07/22/2025 Ready for Review-uploaded - Seller-07/21/2025 Open-Borrower 2 Executed 4506-T Missing Provide 4506 document for B2 as its missing in file. - Due Diligence Vendor-07/18/2025 |
Ready for Review-uploaded - Seller-07/21/2025 |
Resolved-B2 Executed 4506-C uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-07/22/2025 Resolved-Borrower 2 Executed 4506-T Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-07/22/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4864097 | N/A | N/A | |||
| XXXX | XXXX | 9218409 | Closed | 2025-07-22 13:50 | 2025-07-23 21:42 | Resolved | 1 - Information | C | A | Credit | Borrower | Borrower 1 Ethnicity Selection is Not Provided | Resolved-Borrower 1 Ethnicity Selection is Provided - Due Diligence Vendor-07/23/2025 Ready for Review-Document Uploaded. - Seller-07/22/2025 Open-Borrower 1 Ethnicity Selection is Not Provided on final 1003. - Due Diligence Vendor-07/22/2025 |
Ready for Review-Document Uploaded. - Seller-07/22/2025 |
Resolved-Borrower 1 Ethnicity Selection is Provided - Due Diligence Vendor-07/23/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4901384 | N/A | N/A | |||
| XXXX | XXXX | 9218409 | Closed | 2025-07-22 13:50 | 2025-07-23 21:42 | Resolved | 1 - Information | C | A | Credit | Borrower | Borrower 2 Ethnicity Selection is Not Provided | Resolved-Borrower 2 Ethnicity Selection is Provided or is Not Applicable (Number of Borrowers is 2) - Due Diligence Vendor-07/23/2025 Ready for Review-Document Uploaded. - Seller-07/22/2025 Open-Borrower 2 Ethnicity Selection is Not Provided on final 1003 - Due Diligence Vendor-07/22/2025 |
Ready for Review-Document Uploaded. - Seller-07/22/2025 |
Resolved-Borrower 2 Ethnicity Selection is Provided or is Not Applicable (Number of Borrowers is 2) - Due Diligence Vendor-07/23/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4901385 | N/A | N/A | |||
| XXXX | XXXX | 9218409 | Closed | 2025-07-22 07:03 | 2025-07-24 17:36 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan meets HPML guidelines - Due Diligence Vendor-07/24/2025 Open-. - Due Diligence Vendor-07/24/2025 Resolved-The loan's (9.126%) APR equals or exceeds the Federal HPML threshold of (8.27%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.77%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s 335 and the Final Closing disclosure on Pg#’s 183, Finding reflects escrows. Rate lock date was entered correctly – see Pg#180 An interior and exterior appraisal was completed for this property – see pg 32, the appraisal disclosure was provided to the borrower(s)- see Pg#’431 in file and confirmation the appraisal was delivered to the borrower – see Pg#26,27 The loan meets HPML guidelines - Due Diligence Vendor-07/22/2025 Open- - Due Diligence Vendor-07/22/2025 Open- - Due Diligence Vendor-07/22/2025 |
Resolved-The loan meets HPML guidelines - Due Diligence Vendor-07/24/2025 Resolved-The loan's (9.126%) APR equals or exceeds the Federal HPML threshold of (8.27%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.77%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s 335 and the Final Closing disclosure on Pg#’s 183, Finding reflects escrows. Rate lock date was entered correctly – see Pg#180 An interior and exterior appraisal was completed for this property – see pg 32, the appraisal disclosure was provided to the borrower(s)- see Pg#’431 in file and confirmation the appraisal was delivered to the borrower – see Pg#26,27 The loan meets HPML guidelines - Due Diligence Vendor-07/22/2025 |
XXXX | Primary Residence | Purchase | NA | 4898841 | N/A | N/A | |||||
| XXXX | XXXX | 9218382 | Closed | 2025-07-21 07:50 | 2025-08-13 11:36 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Initial 1003 is Missing | Resolved-Updated Fully executed initial 1003 uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-07/23/2025 Resolved-The Initial 1003 is Present - Due Diligence Vendor-07/23/2025 Ready for Review-Document Uploaded. Fully executed initial 1003 attached. - Seller-07/22/2025 Open-The Initial 1003 is Missing Provide updated Initial 1003 as the provided one on page 472 borrower signature and LO signature are missing. - Due Diligence Vendor-07/21/2025 |
Ready for Review-Document Uploaded. Fully executed initial 1003 attached. - Seller-07/22/2025 |
Resolved-Updated Fully executed initial 1003 uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-07/23/2025 Resolved-The Initial 1003 is Present - Due Diligence Vendor-07/23/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4882612 | N/A | N/A | |||
| XXXX | XXXX | 9218382 | Closed | 2025-07-21 10:06 | 2025-07-24 17:04 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | XXXX - Higher Priced Mortgage Loan (First Lien 06/2013)(Conforming) | Resolved-Reopened with XXXX run - Due Diligence Vendor-07/24/2025 Open- - Due Diligence Vendor-07/24/2025 Resolved-Under the Regulations adopted by the XXXX Commissioner of Financial Regulation, as applicable to Mortgage Lenders, this is a Higher-Priced Mortgage. The loan's APR of (8.92%) equals or exceeds the XXXX Higher-Priced Mortgage threshold of (8.17%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (6.67%). (COMAR 09.03.06.02(B)(13); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #316,270 and the Final Closing disclosure on Pg #154, Finding reflects escrows. Rate lock date was entered correctly – see Pg #339. An interior and exterior appraisal was completed for this property – see Pg #32, the appraisal disclosure was provided to the borrower and confirmation the appraisal was delivered to the borrower – see Pg #23,24,122,387. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/21/2025 Open- - Due Diligence Vendor-07/22/2025 Open- - Due Diligence Vendor-07/21/2025 |
Resolved-Reopened with XXXX run - Due Diligence Vendor-07/24/2025 Resolved-Under the Regulations adopted by the XXXX Commissioner of Financial Regulation, as applicable to Mortgage Lenders, this is a Higher-Priced Mortgage. The loan's APR of (8.92%) equals or exceeds the XXXX Higher-Priced Mortgage threshold of (8.17%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (6.67%). (COMAR 09.03.06.02(B)(13); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #316,270 and the Final Closing disclosure on Pg #154, Finding reflects escrows. Rate lock date was entered correctly – see Pg #339. An interior and exterior appraisal was completed for this property – see Pg #32, the appraisal disclosure was provided to the borrower and confirmation the appraisal was delivered to the borrower – see Pg #23,24,122,387. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/21/2025 |
XXXX | Primary Residence | Purchase | NA | 4883052 | N/A | N/A | |||||
| XXXX | XXXX | 9218382 | Closed | 2025-07-21 10:06 | 2025-07-24 17:04 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-Reopened with XXXX run - Due Diligence Vendor-07/24/2025 Open- - Due Diligence Vendor-07/24/2025 Resolved-The loan's (8.92%) APR equals or exceeds the Federal HPML threshold of (8.17%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.67%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #316,270 and the Final Closing disclosure on Pg #154, Finding reflects escrows. Rate lock date was entered correctly – see Pg #339. An interior and exterior appraisal was completed for this property – see Pg #32, the appraisal disclosure was provided to the borrower and confirmation the appraisal was delivered to the borrower – see Pg #23,24,122,387. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/21/2025 Open- - Due Diligence Vendor-07/22/2025 Open- - Due Diligence Vendor-07/21/2025 |
Resolved-Reopened with XXXX run - Due Diligence Vendor-07/24/2025 Resolved-The loan's (8.92%) APR equals or exceeds the Federal HPML threshold of (8.17%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.67%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #316,270 and the Final Closing disclosure on Pg #154, Finding reflects escrows. Rate lock date was entered correctly – see Pg #339. An interior and exterior appraisal was completed for this property – see Pg #32, the appraisal disclosure was provided to the borrower and confirmation the appraisal was delivered to the borrower – see Pg #23,24,122,387. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/21/2025 |
XXXX | Primary Residence | Purchase | NA | 4883053 | N/A | N/A | |||||
| XXXX | XXXX | 9218351 | Closed | 2025-07-21 10:48 | 2025-07-24 09:57 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 W2/1099 Missing | Resolved-Two years Tax returns in file for B1.W-2 not required. Finding Resolved. - Due Diligence Vendor-07/24/2025 Resolved-Borrower 1 W2/1099 Provided - Due Diligence Vendor-07/24/2025 Ready for Review-Borrower is an ITIN borrower, therefore no W2 will be present. Thank you! - Seller-07/23/2025 Open-Borrower 1 W2/1099 Missing The Borrower's W-2s for XXXX were not located in the loan file at the time of the review. - Due Diligence Vendor-07/21/2025 |
Ready for Review-Borrower is an ITIN borrower, therefore no W2 will be present. Thank you! - Seller-07/23/2025 |
Resolved-Two years Tax returns in file for B1.W-2 not required. Finding Resolved. - Due Diligence Vendor-07/24/2025 Resolved-Borrower 1 W2/1099 Provided - Due Diligence Vendor-07/24/2025 |
XXXX | Primary Residence | Purchase | NA | 4883234 | N/A | N/A | ||||
| XXXX | XXXX | 9218351 | Closed | 2025-07-21 13:18 | 2025-07-25 11:44 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-. - Due Diligence Vendor-07/25/2025 Open- - Due Diligence Vendor-07/25/2025 Resolved-The loan's (8.382%) APR equals or exceeds the Federal HPML threshold of (8.27%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.77%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s346 and the Final Closing disclosure on Pg#’s137-141, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s362-364, 109. An interior and exterior appraisal was completed for this property – see pg#34, the appraisal disclosure was provided to the borrower(s)- see Pg#’s442, and confirmation the appraisal was delivered to the borrower – see Pg#’s31-32. The loan is being escrowed for the Taxes and Insurance. (page 140) The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/22/2025 Open- - Due Diligence Vendor-07/21/2025 |
Resolved-. - Due Diligence Vendor-07/25/2025 Resolved-The loan's (8.382%) APR equals or exceeds the Federal HPML threshold of (8.27%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.77%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s346 and the Final Closing disclosure on Pg#’s137-141, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s362-364, 109. An interior and exterior appraisal was completed for this property – see pg#34, the appraisal disclosure was provided to the borrower(s)- see Pg#’s442, and confirmation the appraisal was delivered to the borrower – see Pg#’s31-32. The loan is being escrowed for the Taxes and Insurance. (page 140) The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/22/2025 |
XXXX | Primary Residence | Purchase | NA | 4884430 | N/A | N/A | |||||
| XXXX | XXXX | 9218351 | Closed | 2025-07-21 13:18 | 2025-07-25 11:44 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | XXXX - Higher Priced Mortgage Loan (First Lien 06/2013)(Conforming) | Resolved-. - Due Diligence Vendor-07/25/2025 Open- - Due Diligence Vendor-07/25/2025 Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (8.382%) equals or exceeds the XXXX HPML threshold of (8.27%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (6.77%).(Cal. Fin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s346 and the Final Closing disclosure on Pg#’s137-141, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s362-364, 109. An interior and exterior appraisal was completed for this property – see pg#34, the appraisal disclosure was provided to the borrower(s)- see Pg#’s442, and confirmation the appraisal was delivered to the borrower – see Pg#’s31-32. The loan is being escrowed for the Taxes and Insurance. (page 140) The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/22/2025 Open- - Due Diligence Vendor-07/21/2025 |
Resolved-. - Due Diligence Vendor-07/25/2025 Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (8.382%) equals or exceeds the XXXX HPML threshold of (8.27%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (6.77%).(Cal. Fin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s346 and the Final Closing disclosure on Pg#’s137-141, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s362-364, 109. An interior and exterior appraisal was completed for this property – see pg#34, the appraisal disclosure was provided to the borrower(s)- see Pg#’s442, and confirmation the appraisal was delivered to the borrower – see Pg#’s31-32. The loan is being escrowed for the Taxes and Insurance. (page 140) The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/22/2025 |
XXXX | Primary Residence | Purchase | NA | 4884431 | N/A | N/A | |||||
| XXXX | XXXX | 9218355 | Closed | 2025-07-25 19:35 | 2025-08-13 11:40 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Missing | Resolved-The Final 1003 is Present - Due Diligence Vendor-08/01/2025 Ready for Review-Document Uploaded. - Seller-07/30/2025 Open-The Final 1003 is Missing Provide revised 1003 income section to match income calculator worksheet $33,174.93. - Due Diligence Vendor-07/25/2025 |
Ready for Review-Document Uploaded. - Seller-07/30/2025 |
Resolved-The Final 1003 is Present - Due Diligence Vendor-08/01/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | 4952786 | N/A | N/A | |||
| XXXX | XXXX | 9218355 | Closed | 2025-07-21 06:16 | 2025-08-01 19:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Validation Resolved' - Due Diligence Vendor-08/01/2025 Resolved-Resolved income calculator worksheet calcs - open findings for 1008 & 1003 as they do not match calculator. - Due Diligence Vendor-07/25/2025 Ready for Review-Document Uploaded. The income calculator in file is for XXXX XXXX, and XXXX from XXXX. as stated at the bottom of the page. The calculations being pointed out in this condition Do match to appropriate account. I am attaching both accounts used, and the calc. Please re-review. - Seller-07/23/2025 Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Provide updated income sheet as the provided one on page 500 shows different deposit from the statements. Deposit for XXXX month $XXXX as per statement page 64 deposit is $XXXX Deposit for XXXX month $XXXX as per statement page 224 deposit is XXXX Deposit for XXXX month $XXXX as per statement page 242 deposit is XXXX Deposit for XXXX month $XXXX as per statement page 170 deposit is XXXX.88. - Due Diligence Vendor-07/21/2025 |
Ready for Review-Document Uploaded. The income calculator in file is for XXXX #XXXX XXXX, and XXXX XXXX from XXXX. as stated at the bottom of the page. The calculations being pointed out in this condition Do match to appropriate account. I am attaching both accounts used, and the calc. Please re-review. - Seller-07/23/2025 |
Resolved-Validation Resolved' - Due Diligence Vendor-08/01/2025 Resolved-Resolved income calculator worksheet calcs - open findings for 1008 & 1003 as they do not match calculator. - Due Diligence Vendor-07/25/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | 4882340 | N/A | N/A | |||
| XXXX | XXXX | 9218355 | Closed | 2025-07-25 19:33 | 2025-08-01 19:07 | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-08/01/2025 Ready for Review-Document Uploaded. - Seller-07/30/2025 Open-The 1008 document is missing from the loan file. - Due Diligence Vendor-07/25/2025 Open-The 1008 document is missing from the loan file. Provide revised 1008 income section to match income calculator worksheet $33,174.93. - Due Diligence Vendor-07/25/2025 |
Ready for Review-Document Uploaded. - Seller-07/30/2025 |
Resolved-The 1008 document is present in the loan file. - Due Diligence Vendor-08/01/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | 4952741 | N/A | N/A | |||
| XXXX | XXXX | 9218357 | Closed | 2025-07-22 16:31 | 2025-07-31 11:15 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 3 Does Not Meet Guideline Requirements | Resolved-The documentation received is sufficient to resolve the finding. The XXXX account does now contain sixty days or two months. - Due Diligence Vendor-07/30/2025 Ready for Review-Document Uploaded. XXXX statement in file XXXX and transaction history from XXXX more than 60 days. Thank you! - Seller-07/29/2025 Open-Asset Record 3 Does Not Meet G/L Requirements Provide 60 days of bank statements required per G/L's - Due Diligence Vendor-07/22/2025 |
Ready for Review-Document Uploaded. XXXX statement in file XXXX and transaction history from XXXX more than 60 days. Thank you! - Seller-07/29/2025 |
Resolved-The documentation received is sufficient to resolve the finding. The XXXX account does now contain sixty days or two months. - Due Diligence Vendor-07/30/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4905469 | N/A | N/A | |||
| XXXX | XXXX | 9218357 | Closed | 2025-07-22 15:44 | 2025-07-31 07:45 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Borrower 2 Paystubs Less Than 1 Month Provided | Resolved-Borrower 2 Paystubs for 1 full month provided. - Due Diligence Vendor-07/31/2025 Resolved-Borrower 2 Paystubs Less Than 1 Month Provided Condition Resolved or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-07/31/2025 Ready for Review-Document Uploaded. - Seller-07/30/2025 Open-Borrower 2 Paystubs Less Than 1 Month Provided The guidelines required for a wage earner. Most recent paystub reflecting 30 days of pay and YTD. The loan file contains only one paystub reflecting 14 days of pay and the YTD. - Due Diligence Vendor-07/22/2025 |
Ready for Review-Document Uploaded. - Seller-07/30/2025 |
Resolved-Borrower 2 Paystubs for 1 full month provided. - Due Diligence Vendor-07/31/2025 Resolved-Borrower 2 Paystubs Less Than 1 Month Provided Condition Resolved or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-07/31/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4904422 | N/A | N/A | |||
| XXXX | XXXX | 9218357 | Closed | 2025-07-22 16:03 | 2025-07-31 07:44 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Executed 4506-T Missing | Resolved-Borrower 2 Executed 4506-T Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-07/31/2025 Resolved-B2 Executed 4506-C uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-07/25/2025 Ready for Review-Document Uploaded. - Seller-07/24/2025 Open-Borrower 2 Executed 4506-T Missing The guidelines required a executed 4506C/T for all Borrowers. Borrower 2 Executed 4506-T was not located in the loan file at the time of the review. - Due Diligence Vendor-07/22/2025 |
Ready for Review-Document Uploaded. - Seller-07/24/2025 |
Resolved-Borrower 2 Executed 4506-T Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-07/31/2025 Resolved-B2 Executed 4506-C uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-07/25/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4904837 | N/A | N/A | |||
| XXXX | XXXX | 9218357 | Closed | 2025-07-23 14:18 | 2025-07-30 11:59 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing explanation and supporting documentation for large deposit(s) | Resolved-The documentation received is sufficient to resolve the finding. The large deposits were sourced from XXXX. - Due Diligence Vendor-07/30/2025 Ready for Review-Document Uploaded. Here is the XXXX and XXXX sourced with XXXX. Thank you - Seller-07/29/2025 Open-The guidelines required the source of the large deposit reflected on the bank statements that exceed 75% of the monthly average deposit. The account with XXXX (XXXX) reflects two deposits of $XXXX and $XXXX. The source for the funds was not located in the loan file at the time of the review. - Due Diligence Vendor-07/23/2025 |
Ready for Review-Document Uploaded. Here is the XXXX sourced with XXXX acc. Thank you - Seller-07/29/2025 |
Resolved-The documentation received is sufficient to resolve the finding. The large deposits were sourced from XXXX XXXX. - Due Diligence Vendor-07/30/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4917313 | N/A | N/A | |||
| XXXX | XXXX | 9218488 | Closed | 2025-07-23 13:39 | 2025-07-29 13:16 | Resolved | 1 - Information | C | A | Compliance | Disclosure | Missing PCCD. | Resolved-The documentation received was sufficient to resolve the finding. PCCD reflects gift funds. - Due Diligence Vendor-07/29/2025 Ready for Review-Document Uploaded. - Seller-07/28/2025 Open-Gift that was wire to the title company is not locate on the Final Closing Disclosure. The amount of the wire is $XXXX which is located loan file. - Due Diligence Vendor-07/23/2025 |
Ready for Review-Document Uploaded. - Seller-07/28/2025 |
Resolved-The documentation received was sufficient to resolve the finding. PCCD reflects gift funds. - Due Diligence Vendor-07/29/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4916533 | N/A | N/A | |||
| XXXX | XXXX | 9218345 | Closed | 2025-07-24 08:04 | 2025-07-28 09:16 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Missing | Resolved-Provided 1003 shows Citizenship as Permanent Resident Alien. Updated & Resolved. - Due Diligence Vendor-07/28/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-07/28/2025 Ready for Review-Document Uploaded. - Seller-07/25/2025 Open-The Final 1003 is Missing Borrower1 identification document's are provided in file are Driving license and Permanent Resident card where as final 1003 shows Non Permeant alien , Provide the updated B1 final 1003 with correct one(Permanent Resident Alien) - Due Diligence Vendor-07/24/2025 |
Ready for Review-Document Uploaded. - Seller-07/25/2025 |
Resolved-Provided 1003 shows Citizenship as Permanent Resident Alien. Updated & Resolved. - Due Diligence Vendor-07/28/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-07/28/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Home Improvement/Reno | 4928940 | N/A | N/A | |||
| XXXX | XXXX | 9218345 | Closed | 2025-07-24 05:42 | 2025-07-24 05:43 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (8.561%) APR equals or exceeds the Federal HPML threshold of (8.17%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.67%).(12 CFR 1026.35(a)(1)(i)) "This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s 386 and the Final Closing disclosure on Pg#’s 206, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s 202. An interior and exterior appraisal was completed for this property – see pg 27, the appraisal acknowledgment was provided to the borrower(s)- see Pg#’s 484, and confirmation the appraisal was delivered to the borrower – see Pg#’s 242, and HPML Page # 389.The loan meets HPML guidelines, resolved. " - Due Diligence Vendor-07/24/2025 Open- - Due Diligence Vendor-07/24/2025 |
Resolved-The loan's (8.561%) APR equals or exceeds the Federal HPML threshold of (8.17%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.67%).(12 CFR 1026.35(a)(1)(i)) "This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s 386 and the Final Closing disclosure on Pg#’s 206, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s 202. An interior and exterior appraisal was completed for this property – see pg 27, the appraisal acknowledgment was provided to the borrower(s)- see Pg#’s 484, and confirmation the appraisal was delivered to the borrower – see Pg#’s 242, and HPML Page # 389.The loan meets HPML guidelines, resolved. " - Due Diligence Vendor-07/24/2025 |
XXXX | Primary Residence | Refinance | Cash Out - Home Improvement/Reno | 4928435 | N/A | N/A | |||||
| XXXX | XXXX | 9218345 | Closed | 2025-07-24 05:42 | 2025-07-24 05:43 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | XXXX - Higher Priced Mortgage Loan (First Lien 06/2013)(Conforming) | Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (8.561%) equals or exceeds the XXXX HPML threshold of (8.17%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (6.67%).(Cal. Fin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) "This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s 386 and the Final Closing disclosure on Pg#’s 206, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s 202. An interior and exterior appraisal was completed for this property – see pg 27, the appraisal acknowledgment was provided to the borrower(s)- see Pg#’s 484, and confirmation the appraisal was delivered to the borrower – see Pg#’s 242, and HPML Page # 389.The loan meets HPML guidelines, resolved. " - Due Diligence Vendor-07/24/2025 Open- - Due Diligence Vendor-07/24/2025 |
Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (8.561%) equals or exceeds the XXXX HPML threshold of (8.17%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (6.67%).(Cal. Fin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) "This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s 386 and the Final Closing disclosure on Pg#’s 206, Finding reflects escrows. Rate lock date was entered correctly – see Pg#’s 202. An interior and exterior appraisal was completed for this property – see pg 27, the appraisal acknowledgment was provided to the borrower(s)- see Pg#’s 484, and confirmation the appraisal was delivered to the borrower – see Pg#’s 242, and HPML Page # 389.The loan meets HPML guidelines, resolved. " - Due Diligence Vendor-07/24/2025 |
XXXX | Primary Residence | Refinance | Cash Out - Home Improvement/Reno | 4928436 | N/A | N/A | |||||
| XXXX | XXXX | 9218327 | Closed | 2025-07-23 04:59 | 2025-07-28 21:32 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Income/Employment General | Resolved-Updated Final 1003 with corrected qualifying Income uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-07/25/2025 Ready for Review-Document Uploaded. - Seller-07/24/2025 Open-My calculated income of $76201.87 as per income sheet page 364 matching with 1008 page 463, whereas final 1003 on page 439 shows difference income $76055.81. - Due Diligence Vendor-07/23/2025 |
Ready for Review-Document Uploaded. - Seller-07/24/2025 |
Resolved-Updated Final 1003 with corrected qualifying Income uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-07/25/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4913828 | N/A | N/A | |||
| XXXX | XXXX | 9218327 | Closed | 2025-07-24 16:59 | 2025-07-28 21:29 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 3 Does Not Meet Guideline Requirements | Resolved-Asset Record 3 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-07/28/2025 Ready for Review-Document Uploaded. - Seller-07/25/2025 Open-Asset Record 3 Does Not Meet G/L Requirements Gift letter is not referencing donor Relationship to Borrower(s): - Due Diligence Vendor-07/24/2025 |
Ready for Review-Document Uploaded. - Seller-07/25/2025 |
Resolved-Asset Record 3 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-07/28/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4935747 | N/A | N/A | |||
| XXXX | XXXX | 9218327 | Closed | 2025-07-24 16:59 | 2025-07-28 21:29 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 4 Does Not Meet Guideline Requirements | Resolved-Asset 4 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-07/28/2025 Ready for Review-Document Uploaded. - Seller-07/25/2025 Open-Asset 4 Does Not Meet Guideline Requirements Gift letter is not referencing donor Relationship to Borrower(s): - Due Diligence Vendor-07/24/2025 |
Ready for Review-Document Uploaded. - Seller-07/25/2025 |
Resolved-Asset 4 Meets Guideline Requirements Or Not Applicable - Due Diligence Vendor-07/28/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4935748 | N/A | N/A | |||
| XXXX | XXXX | 9218327 | Closed | 2025-07-23 06:47 | 2025-07-29 21:09 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | XXXX - Higher Priced Mortgage Loan (First Lien 06/2013)(Conforming) | Resolved-Meets HPML / State - Due Diligence Vendor-07/29/2025 Open-. - Due Diligence Vendor-07/28/2025 Open- - Due Diligence Vendor-07/28/2025 Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (8.336%) equals or exceeds the XXXX HPML threshold of (8.17%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (6.67%).(Cal. Fin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #303 and the Final Closing disclosure on Pg #158, Finding reflects escrows. Rate lock date was entered correctly – see Pg #157,328. An interior and exterior appraisal was completed for this property – see Pg #20, the appraisal disclosure was provided to the borrower page 369 and confirmation the appraisal was delivered to the borrower – see Pg #209. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/23/2025 Open- - Due Diligence Vendor-07/24/2025 Open- - Due Diligence Vendor-07/23/2025 |
Resolved-Meets HPML / State - Due Diligence Vendor-07/29/2025 Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (8.336%) equals or exceeds the XXXX HPML threshold of (8.17%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (6.67%).(Cal. Fin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #303 and the Final Closing disclosure on Pg #158, Finding reflects escrows. Rate lock date was entered correctly – see Pg #157,328. An interior and exterior appraisal was completed for this property – see Pg #20, the appraisal disclosure was provided to the borrower page 369 and confirmation the appraisal was delivered to the borrower – see Pg #209. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/23/2025 |
XXXX | Primary Residence | Purchase | NA | 4914107 | N/A | N/A | |||||
| XXXX | XXXX | 9218327 | Closed | 2025-07-23 06:47 | 2025-07-29 21:08 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-Meets HPML - Due Diligence Vendor-07/29/2025 Open-. - Due Diligence Vendor-07/28/2025 Open- - Due Diligence Vendor-07/28/2025 Resolved-The loan's (8.336%) APR equals or exceeds the Federal HPML threshold of (8.17%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.67%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #303 and the Final Closing disclosure on Pg #158, Finding reflects escrows. Rate lock date was entered correctly – see Pg #157,328. An interior and exterior appraisal was completed for this property – see Pg #20, the appraisal disclosure was provided to the borrower page 369 and confirmation the appraisal was delivered to the borrower – see Pg #209. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/23/2025 Open- - Due Diligence Vendor-07/24/2025 Open- - Due Diligence Vendor-07/23/2025 |
Resolved-Meets HPML - Due Diligence Vendor-07/29/2025 Resolved-The loan's (8.336%) APR equals or exceeds the Federal HPML threshold of (8.17%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.67%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #303 and the Final Closing disclosure on Pg #158, Finding reflects escrows. Rate lock date was entered correctly – see Pg #157,328. An interior and exterior appraisal was completed for this property – see Pg #20, the appraisal disclosure was provided to the borrower page 369 and confirmation the appraisal was delivered to the borrower – see Pg #209. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/23/2025 |
XXXX | Primary Residence | Purchase | NA | 4914106 | N/A | N/A | |||||
| XXXX | XXXX | 9218274 | Closed | 2025-07-23 06:54 | 2025-08-04 19:10 | Resolved | 1 - Information | C | A | Credit | Eligibility | Ineligible Housing History per program guidelines | Resolved-LOE from borrower no HOI; property report indicates no liens; and tax printout indicates paid for primary residence. No mtg reported on cbr -free & clear. Resolved. - Due Diligence Vendor-08/04/2025 Ready for Review-Document Uploaded. - Seller-07/31/2025 Counter-GL section 8.7.4 states the mortgage/rental ratings are required for the borrower's primary and subject property. Provide the housing history or LOE from borrower if free & clear. - Due Diligence Vendor-07/29/2025 Ready for Review-Document Uploaded. - Seller-07/25/2025 Open-Housing History Does Not Meet Guideline Requirements Provide proof or LOX to verify that the borrower's primary residence is owned free and clear. - Due Diligence Vendor-07/23/2025 |
Ready for Review-Document Uploaded. - Seller-07/31/2025 Ready for Review-Document Uploaded. - Seller-07/25/2025 |
Resolved-LOE from borrower no HOI; property report indicates no liens; and tax printout indicates paid for primary residence. No mtg reported on cbr -free & clear. Resolved. - Due Diligence Vendor-08/04/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 4914134 | N/A | N/A | |||
| XXXX | XXXX | 9218353 | Closed | 2025-07-28 16:12 | 2025-08-08 14:14 | Resolved | 1 - Information | C | A | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Settlement Statement XXXX Borrower meets G/L minimum 5% own resources for down payment, resolved. - Due Diligence Vendor-08/08/2025 Ready for Review-Document Uploaded. Borrower wired in the 5% but the fees changed, and a fee was lowered so the borrower is getting funds back. - Seller-08/06/2025 Counter-Sales Price $162,500, the 5%/$8,125 down payment must be made by the borrower from their own resources. Page 204 Settlement Statement Borrower has only met $XXXX of the $8,125 required. - Due Diligence Vendor-08/04/2025 Ready for Review-Looks like borrower has enough in his checking acct #XXXX XXXX - Seller-07/31/2025 Open-Guideline Page 52 Gift Funds 5%/$8,125 down payment must be made by the borrower from their own resources. Page 204 Settlement Statement Borrower Line 804 POC Appraisal $675 and Line 303 Funds required to close $6,739.91 = $7,414.91. G/L has not been met. - Due Diligence Vendor-07/28/2025 |
Ready for Review-Document Uploaded. Borrower wired in the 5% but the fees changed, and a fee was lowered so the borrower is getting funds back. - Seller-08/06/2025 Ready for Review-Looks like borrower has enough in his checking acct #4163 capital one - Seller-07/31/2025 |
Resolved-Settlement Statement XXXX Borrower meets G/L minimum 5% own resources for down payment, resolved. - Due Diligence Vendor-08/08/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4966548 | N/A | N/A | |||
| XXXX | XXXX | 9184624 | Closed | 2025-07-25 07:52 | 2025-07-31 11:56 | Resolved | 1 - Information | C | A | Credit | Credit | DSCR unknown | Resolved-QC agrees with the explanation of including a management fee. This is sufficient to resolve the finding. - Due Diligence Vendor-07/31/2025 Ready for Review-Hi, per our UW - DSCR is calculated with gross rents minus any management fees. Loan Committee determined that a 20% ($750) monthly management fee would be appropriate. Qualifying gross rent is $3,000 Monthly. ($3750 - $750 = $3,000) - Seller-07/30/2025 Open-As per the Lease Agreement provided and Rent Schedule, the actual and market rent is $3,750 for 5 units, but the Loan Approval reflects gross rent as $3,000 and Originator DSCR as 1.039, whereas the calculated DSCR is 1.300. - Due Diligence Vendor-07/25/2025 |
Ready for Review-Hi, per our UW - DSCR is calculated with gross rents minus any management fees. Loan Committee determined that a 20% ($750) monthly management fee would be appropriate. Qualifying gross rent is $3,000 Monthly. ($3750 - $750 = $3,000) - Seller-07/30/2025 |
Resolved-QC agrees with the explanation of including a management fee. This is sufficient to resolve the finding. - Due Diligence Vendor-07/31/2025 |
XXXX | Investment | Purchase | NA | 4943450 | N/A | N/A | ||||
| XXXX | XXXX | 9184624 | Closed | 2025-07-25 07:55 | 2025-07-31 06:47 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated lender approval form with corrected matrix version date provided. - Due Diligence Vendor-07/31/2025 Ready for Review-Document Uploaded. - Seller-07/30/2025 Open-The credit type on loan approval is XXXX, and the matrix version date reflects XXXX; however, for the respective matrix, we don't have the XXXX credit type. The matrix version XXXX has the credit type XXXX. Provide the updated lender approval form. - Due Diligence Vendor-07/25/2025 |
Ready for Review-Document Uploaded. - Seller-07/30/2025 |
Resolved-Updated lender approval form with corrected matrix version date provided. - Due Diligence Vendor-07/31/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4943456 | N/A | N/A | |||
| XXXX | XXXX | 9184624 | Closed | 2025-07-25 06:27 | 2025-07-30 08:43 | Resolved | 1 - Information | C | A | Credit | Borrower | Discrepancy between 1008 Page Qualifying FICO and actual Qualifying FICO | Resolved-Updated 1008 with corrected FICO provided. - Due Diligence Vendor-07/30/2025 Ready for Review-Document Uploaded. Please see updated 1008 with FICO 797. - Seller-07/29/2025 Open-Qualifying FICO on the 1008 Page is '790' or blank, but the Qualifying FICO from the Credit Liabilities Page is '797' or blank. Qualifying FICO entries do not match. Please confirm the correct Qualifying FICO value. Qualifying FICO on the 1008 Page is '790' whereas the Qualifying FICO from the Credit Liabilities Page is '797'. Provide updated 1008 document with updated Qualifying FICO of '797' - Due Diligence Vendor-07/25/2025 |
Ready for Review-Document Uploaded. Please see updated 1008 with FICO 797. - Seller-07/29/2025 |
Resolved-Updated 1008 with corrected FICO provided. - Due Diligence Vendor-07/30/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4943255 | N/A | N/A | |||
| XXXX | XXXX | 9218320 | Closed | 2025-07-27 06:28 | 2025-07-31 07:26 | Resolved | 1 - Information | C | A | Credit | Doc Issue | Missing asset documentation (ATR) | Resolved-Provided 1003 doesn't show any proceeds from sale. Reserve requirement also met. Updated & Resolved. - Due Diligence Vendor-07/31/2025 Ready for Review-Document Uploaded. Borrowers departing residence did not close in time. Final funds came from XXXX #XXXX, see attached Transaction History reflecting the wire to closing for $XXXX and bank statement. The Add’l statements attached are provide to source and large deposits/transfers from one account to another. The largest transfer was to XXXX for $XXXX from XXXX on XXXX (transaction history and bk stmt attached). New 1003 also attached. - Seller-07/30/2025 Open-Final 1003 shows proceeds from sale $XXXX but proof of Final Settlement Statement and Wire deposit for proceeds from sale are not available in file. Provide the required documentation for proceeds from sale. - Due Diligence Vendor-07/27/2025 |
Ready for Review-Document Uploaded. Borrowers departing residence did not close in time. Final funds came from XXXX #XXXX, see attached Transaction History reflecting the wire to closing for $XXXX and bank statement. The Add’l statements attached are provide to source and large deposits/transfers from one account to another. The largest transfer was to XXXX #XXXX for $XXXX from XXXX XXXX on XXXX (transaction history and bk stmt attached). New 1003 also attached. - Seller-07/30/2025 |
Resolved-Provided 1003 doesn't show any proceeds from sale. Reserve requirement also met. Updated & Resolved. - Due Diligence Vendor-07/31/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4958679 | N/A | N/A | |||
| XXXX | XXXX | 9218320 | Closed | 2025-07-28 10:59 | 2025-07-31 07:25 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-Updated Final 1003 uploaded with borrower have an ownership share of 25% or more selection marked, Verified & entered in system - Resolved - Due Diligence Vendor-07/29/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-07/29/2025 Ready for Review-Document Uploaded. attached - Seller-07/28/2025 Open-The Final 1003 is Incomplete Borrower1 and Borrower2 Final 1003 reflects business ownership less than 25% but CPA letters #388, 389 shows 100% ownership for each in their respective business. Provide correct selection for ownership in 1b section. - Due Diligence Vendor-07/28/2025 |
Ready for Review-Document Uploaded. attached - Seller-07/28/2025 |
Resolved-Updated Final 1003 uploaded with borrower have an ownership share of 25% or more selection marked, Verified & entered in system - Resolved - Due Diligence Vendor-07/29/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-07/29/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4960949 | N/A | N/A | |||
| XXXX | XXXX | 9218320 | Closed | 2025-07-27 08:51 | 2025-07-31 07:07 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 2 Business Bank Statements Missing | Resolved-Borrower 2 Business Bank Statement for acc#XXXX for month XXXX provided. - Due Diligence Vendor-07/31/2025 Resolved-Borrower 2 Business Bank Statements Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-07/31/2025 Ready for Review-Document Uploaded. - Seller-07/30/2025 Open-Borrower 2 Business Bank Statements Missing Provide Bank statement for acc#XXXX for month XXXX which is missing from loan file. - Due Diligence Vendor-07/27/2025 |
Ready for Review-Document Uploaded. - Seller-07/30/2025 |
Resolved-Borrower 2 Business Bank Statement for acc#XXXX for month XXXX provided. - Due Diligence Vendor-07/31/2025 Resolved-Borrower 2 Business Bank Statements Provided or Not Applicable (Number of Borrowers equals 2) - Due Diligence Vendor-07/31/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4958736 | N/A | N/A | |||
| XXXX | XXXX | 9218429 | Closed | 2025-07-27 06:11 | 2025-07-30 12:21 | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Insufficient Change of Circumstance (50001252) | Resolved-Resolved - Due Diligence Vendor-07/30/2025 Ready for Review-Document Uploaded. - Seller-07/29/2025 Open- - Due Diligence Vendor-07/27/2025 Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Provide COC for Discount Points Fee $5000 added in revised LE dated 07/03/2025. - Due Diligence Vendor-07/27/2025 Open- - Due Diligence Vendor-07/27/2025 |
Ready for Review-Document Uploaded. - Seller-07/29/2025 |
Resolved-Resolved - Due Diligence Vendor-07/30/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | 4958668 | N/A | N/A | |||
| XXXX | XXXX | 9218338 | Closed | 2025-07-28 13:00 | 2025-07-29 14:23 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (8.902%) APR equals or exceeds the Federal HPML threshold of (8.27%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.77%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#374 and the Final Closing disclosure on Pg#167, Finding reflects escrows. Rate lock date was entered correctly – see Pg#164. An interior and exterior appraisal was completed for this property – see pg #20, the appraisal disclosure is provided on Page #425, and confirmation the appraisal was delivered to the borrower – see Pg#243. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/28/2025 Open- - Due Diligence Vendor-07/29/2025 Open- - Due Diligence Vendor-07/28/2025 |
Resolved-The loan's (8.902%) APR equals or exceeds the Federal HPML threshold of (8.27%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.77%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#374 and the Final Closing disclosure on Pg#167, Finding reflects escrows. Rate lock date was entered correctly – see Pg#164. An interior and exterior appraisal was completed for this property – see pg #20, the appraisal disclosure is provided on Page #425, and confirmation the appraisal was delivered to the borrower – see Pg#243. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/28/2025 |
XXXX | Primary Residence | Purchase | NA | 4961951 | N/A | N/A | |||||
| XXXX | XXXX | 9218569 | Closed | 2025-07-28 06:06 | 2025-08-06 14:05 | Resolved | 1 - Information | D | A | Credit | Missing Doc | HUD-1 Closing Statement missing or unsigned | Resolved-Updated HUD has been received and reviewed. XXXX has been updated to reflect documentation - Due Diligence Vendor-08/06/2025 Ready for Review-Document Uploaded. - Seller-08/04/2025 Open-Fund of $XXXX has been wired to closing on XXXX pg#143, which is before closing date. The wired funds already being deducted from XXXX#XXXX bank account, however the funds are not showing in HUD-settlement statement pg#204 under adjustments, hence required updated HUD settlement statement to show wired funds in adjustment with updated cash to close value. - Due Diligence Vendor-07/28/2025 |
Ready for Review-Document Uploaded. - Seller-08/04/2025 |
Resolved-Updated HUD has been received and reviewed. XXXX has been updated to reflect documentation - Due Diligence Vendor-08/06/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4960312 | N/A | N/A | |||
| XXXX | XXXX | 9218569 | Closed | 2025-07-28 06:09 | 2025-08-06 13:15 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Letter of Explanation (Assets) | Resolved-XXXX EIN Verified borrower is the sole owner, XXXX GL if business held 100% by the borrower no LOE is required, verified & entered in system - Resolved. - Due Diligence Vendor-08/06/2025 Ready for Review-Document Uploaded. Please see EIN which conveys borrower is the sole owner, therefore no access letter is needed. Thank you - Seller-08/05/2025 Open-Required borrower letter of access to use funds from XXXX acct#XXXX, as the account is held with XXXX business name. - Due Diligence Vendor-07/28/2025 |
Ready for Review-Document Uploaded. Please see EIN which conveys borrower is the sole owner, therefore no access letter is needed. Thank you - Seller-08/05/2025 |
Resolved-XXXX EIN Verified borrower is the sole owner, XXXX GL if business held 100% by the borrower no LOE is required, verified & entered in system - Resolved. - Due Diligence Vendor-08/06/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4960319 | N/A | N/A | |||
| XXXX | XXXX | 9218448 | Closed | 2025-07-30 16:31 | 2025-08-05 14:32 | Resolved | 1 - Information | C | A | Compliance | TRID | Final CD: Disbursement Date is missing or inaccurate | Resolved-PCCD disburse date revision cured issue. Compliance engine pass. Resolved. - Due Diligence Vendor-08/05/2025 Ready for Review-Document Uploaded. pccd shows disbursement was XXXX - Seller-08/01/2025 Open-Disbursement date of XXXX is prior to closing & notary date of XXXX. Provide PCCD with revision. - Due Diligence Vendor-07/30/2025 |
Ready for Review-Document Uploaded. pccd shows disbursement was XXXX - Seller-08/01/2025 |
Resolved-PCCD disburse date revision cured issue. Compliance engine pass. Resolved. - Due Diligence Vendor-08/05/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4995627 | N/A | N/A | |||
| XXXX | XXXX | 9218448 | Closed | 2025-07-29 05:17 | 2025-08-04 11:41 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-PCCD uploaded, Disbursement date of XXXX is after the Hazard Insurance Effective Date of XXXX, Verified - Resolved - Due Diligence Vendor-08/04/2025 Ready for Review-Document Uploaded. loan did not disburse until XXXX; HOI was in effect prior XXXX. please clear. - Seller-08/01/2025 Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX Hazard Insurance Effective Date of XXXX is after the closing date of XXXX. Provide revised Hazard insurance policy. - Due Diligence Vendor-07/29/2025 |
Ready for Review-Document Uploaded. loan did not disburse until XXXX; HOI was in effect prior on XXXX. please clear. - Seller-08/01/2025 |
Resolved-PCCD uploaded, Disbursement date of XXXX is after the Hazard Insurance Effective Date of XXXX, Verified - Resolved - Due Diligence Vendor-08/04/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4974911 | N/A | N/A | |||
| XXXX | XXXX | 9218446 | Closed | 2025-07-30 15:58 | 2025-08-04 19:49 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Letter of Explanation (Assets) | Resolved-Removed business assets from total as listed on final 1003 and the borrower has enough for closing and reserves. Finding resolved. - Due Diligence Vendor-08/04/2025 Open-Per guidelines, when using business funds, Underwriter must determine that the withdrawal of funds will not have a negative impact on the business. CPA letter or cash flow analysis is required. Using XXXX # XXXX and XXXX for reserves which are held in business name. Missing CPA letter or cash flow analysis stating that the use of business funds would not have a negative impact on the business cash flow. - Due Diligence Vendor-07/30/2025 |
Resolved-Removed business assets from total as listed on final 1003 and the borrower has enough for closing and reserves. Finding resolved. - Due Diligence Vendor-08/04/2025 |
XXXX | Primary Residence | Purchase | NA | 4995070 | N/A | N/A | |||||
| XXXX | XXXX | 9218446 | Closed | 2025-07-30 16:45 | 2025-08-04 19:48 | Resolved | 1 - Information | C | A | Compliance | TRID | Final CD: Disbursement Date is missing or inaccurate | Resolved-Lender provided a PCCD reflecting disbursement date of XXXX. Finding resolved. - Due Diligence Vendor-08/04/2025 Ready for Review-Document Uploaded. - Seller-08/01/2025 Open-Disbursement date per final CD is XXXX, but notary date is XXXX. - Due Diligence Vendor-07/30/2025 |
Ready for Review-Document Uploaded. - Seller-08/01/2025 |
Resolved-Lender provided a PCCD reflecting disbursement date XXXX. Finding resolved. - Due Diligence Vendor-08/04/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4995804 | N/A | N/A | |||
| XXXX | XXXX | 9218446 | Closed | 2025-07-28 08:22 | 2025-08-04 19:47 | Resolved | 1 - Information | C | A | Credit | Insurance | Hazard Insurance Effective Date is after the Note Date | Resolved-The updated post close CD reflects disbursement date of XXXX This is within 3 days of the insurance effective date of XXXX. Finding resolved. - Due Diligence Vendor-08/04/2025 Ready for Review-The borrower did not use funds from the XXXX account. The downpayment and deposit came from his personal accounts with XXXX and XXXX-- no CPA would be needed. Thank you - Seller-08/01/2025 Open-Hazard Insurance Effective Date of XXXX is after the Note Date of XXXX As per the final CD shows disbursement date XXXX and the borrower has signed the CD on XXXX and Notary Date is XXXX whereas the Insurance issued on the subject file is XXXX effective date as given on page 444, 449 documents. The Policy issuance date is after the Closing/Disbursement date in the file. - Due Diligence Vendor-07/29/2025 |
Ready for Review-The borrower did not use funds from the XXXX account. The downpayment and deposit came from his personal accounts with XXXX and XXXX-- no CPA would be needed. Thank you - Seller-08/01/2025 |
Resolved-The updated post close CD reflects disbursement date of XXXX. This is within 3 days of the insurance effective date of XXXX. Finding resolved. - Due Diligence Vendor-08/04/2025 |
XXXX | Primary Residence | Purchase | NA | 4960571 | N/A | N/A | ||||
| XXXX | XXXX | 9218493 | Closed | 2025-07-29 14:23 | 2025-08-04 11:49 | Resolved | 1 - Information | C | A | Credit | Borrower | Discrepancy between 1008 Page Qualifying FICO and actual Qualifying FICO | Resolved-Updated 1008 Document uploaded, Qualifying FICO on the 1008 matches the Qualifying FICO from the Credit Liabilities, Verified - Resolved - Due Diligence Vendor-08/04/2025 Resolved-Validation Resolved - Due Diligence Vendor-08/04/2025 Ready for Review-. - Seller-08/01/2025 Ready for Review-Document Uploaded. see attached - Seller-08/01/2025 Open-Qualifying FICO on the 1008 Page is '695' or blank, but the Qualifying FICO from the Credit Liabilities Page is '716' or blank. Qualifying FICO entries do not match. Please confirm the correct Qualifying FICO value. FICO discrepancy: 1008 has score of 695 vs 716 in credit tab. Provide updated document (FICO method selected primary wage earner per XXXX guidelines. page#48 of 109) - Due Diligence Vendor-07/29/2025 |
Ready for Review-. - Seller-08/01/2025 Ready for Review-Document Uploaded. see attached - Seller-08/01/2025 |
Resolved-Updated 1008 Document uploaded, Qualifying FICO on the 1008 matches the Qualifying FICO from the Credit Liabilities, Verified - Resolved - Due Diligence Vendor-08/04/2025 Resolved-Validation Resolved - Due Diligence Vendor-08/04/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4978065 | N/A | N/A | |||
| XXXX | XXXX | 9127815 | Closed | 2025-07-29 08:35 | 2025-07-30 20:08 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.856%) APR equals or exceeds the Federal HPML threshold of (8.27%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.77%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #316,340 and the Final Closing disclosure on Pg #142, Finding reflects escrows. Rate lock date was entered correctly – see Pg #140,325. An interior and exterior appraisal was completed for this property – see Pg #24, the appraisal disclosure was provided to the borrower and confirmation the appraisal was delivered to the borrower – see Pg #133,383. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/29/2025 Open- - Due Diligence Vendor-07/30/2025 Open- - Due Diligence Vendor-07/29/2025 |
Resolved-The loan's (9.856%) APR equals or exceeds the Federal HPML threshold of (8.27%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.77%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. (12 CFR § 1026.35(a)(1)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg #316,340 and the Final Closing disclosure on Pg #142, Finding reflects escrows. Rate lock date was entered correctly – see Pg #140,325. An interior and exterior appraisal was completed for this property – see Pg #24, the appraisal disclosure was provided to the borrower and confirmation the appraisal was delivered to the borrower – see Pg #133,383. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/29/2025 |
XXXX | Primary Residence | Refinance | Cash Out - Other | 4975392 | N/A | N/A | |||||
| XXXX | XXXX | 9243095 | Closed | 2025-07-30 09:25 | 2025-08-06 14:03 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | Final HUD-1 or Final Settlement Statement Document is Missing | Resolved-Closing agent sign is not required per GL's. Resolved - Due Diligence Vendor-08/06/2025 Ready for Review-Document Uploaded. - Seller-08/05/2025 Open-Provide updated HUD-1 as the provided one on page 244 closing agent signature is missing. - Due Diligence Vendor-07/30/2025 |
Ready for Review-Document Uploaded. - Seller-08/05/2025 |
Resolved-Closing agent sign is not required per GL's. Resolved - Due Diligence Vendor-08/06/2025 |
XXXX | XXXX | Investment | Purchase | NA | 4989961 | N/A | N/A | |||
| XXXX | XXXX | 9218269 | Closed | 2025-07-31 15:05 | 2025-08-05 19:50 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Lender Screen Print Core DSCR, resolved. - Due Diligence Vendor-08/05/2025 Ready for Review-Document Uploaded. - Seller-08/04/2025 Counter-LM data entry/run as Core DSCR. Lender Approval Scree print No Ratio DSCR. Clarify if Core DSCR or No Ratio DSCR and run G/L accordingly. - Due Diligence Vendor-08/04/2025 Ready for Review-Document Uploaded. attached - Seller-08/01/2025 Open-Missing Lender Approval screen print with Credit Type. - Due Diligence Vendor-07/31/2025 |
Ready for Review-Document Uploaded. - Seller-08/04/2025 Ready for Review-Document Uploaded. attached - Seller-08/01/2025 |
Resolved-Lender Screen Print Core DSCR, resolved. - Due Diligence Vendor-08/05/2025 |
XXXX | XXXX | Investment | Refinance | Cash Out - Other | 5007408 | N/A | N/A | |||
| XXXX | XXXX | 9218362 | Closed | 2025-07-30 05:00 | 2025-08-07 14:50 | Resolved | 1 - Information | C | A | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-Asset Record 1 Meets G/L Requirements - Due Diligence Vendor-08/07/2025 Resolved-Updated one more month bank statement provided. Meets G/L Requirements. Resolved - Due Diligence Vendor-08/06/2025 Ready for Review-Document Uploaded. Hi, per our UW - XXXX is transferred from XXXX. Please see XXXX to XXXX statement to link to show over 60 days. - Seller-08/05/2025 Open-Asset Record 1 Does Not Meet G/L Requirements Savings Account Statement XXXX is not covering the 60-day period. As per XXXX GLs, Provide account statements that cover the most recent 60-day period for Savings Account Statement XXXX #XXXX - Due Diligence Vendor-07/30/2025 |
Ready for Review-Document Uploaded. Hi, per our UW - XXXX is transferred from XXXX #XXXX. Please see XXXX to XXXX statement to link to show over 60 days. - Seller-08/05/2025 |
Resolved-Asset Record 1 Meets G/L Requirements - Due Diligence Vendor-08/07/2025 Resolved-Updated one more month bank statement provided. Meets G/L Requirements. Resolved - Due Diligence Vendor-08/06/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4989391 | N/A | N/A | |||
| XXXX | XXXX | 9218362 | Closed | 2025-07-30 05:43 | 2025-08-06 16:46 | Resolved | 1 - Information | C | A | Compliance | TRID | Final CD: Closing Cost Detail fee(s) not disclosed in the proper section based on ability to shop | Resolved-PCCD received with Title - Recording Service Fee moved to Section C. - Due Diligence Vendor-08/06/2025 Ready for Review-Document Uploaded. - Seller-08/04/2025 Open-Title fees (Title - Recording Service Fee) is paid to a provider XXXX Title Company that’s not on providers list Pg#790, but the fee is still in section B, move the Fee (Title - Recording Service Fee) to section C. The title fee needs to be moved to section C since the title services was selected by the buyer/sellers - Due Diligence Vendor-08/01/2025 Rescinded-Title fees (Title - Recording Service Fee) is paid to a provider XXXX that’s not on providers list Pg#790, but the fee is still in section B, move the Fee (Title - Recording Service Fee) to section C. - Due Diligence Vendor-08/01/2025 |
Ready for Review-Document Uploaded. - Seller-08/04/2025 |
Resolved-PCCD received with Title - Recording Service Fee moved to Section C. - Due Diligence Vendor-08/06/2025 Rescinded-Title fees (Title - Recording Service Fee) is paid to a provider XXXX that’s not on providers list Pg#790, but the fee is still in section B, move the Fee (Title - Recording Service Fee) to section C. - Due Diligence Vendor-08/01/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4989506 | N/A | N/A | |||
| XXXX | XXXX | 9218362 | Closed | 2025-07-30 04:13 | 2025-08-06 11:42 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Lender Income Calculation Worksheet | Resolved-Updated income calc worksheet with correct Bank name has been provided. Resolved - Due Diligence Vendor-08/06/2025 Ready for Review-Document Uploaded. - Seller-08/05/2025 Open-Bank Statement Summary Lender Worksheet / Income Calculator is Missing for one or more borrowers. Account #XXXX is associated with XXXX, but the lender income worksheet reflects XXXX for Account #XXXX. Provide the corrected lender income worksheet. - Due Diligence Vendor-07/30/2025 |
Ready for Review-Document Uploaded. - Seller-08/05/2025 |
Resolved-Updated income calc worksheet with correct Bank name has been provided. Resolved - Due Diligence Vendor-08/06/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 4989070 | N/A | N/A | |||
| XXXX | XXXX | 9218362 | Closed | 2025-08-01 09:53 | 2025-08-06 11:36 | Resolved | 1 - Information | D | A | Credit | Missing Doc | 1008 Document is Missing | Resolved-Updated 1008 provided. Resolved - Due Diligence Vendor-08/06/2025 Ready for Review-Document Uploaded. - Seller-08/05/2025 Open-The 1008 document is missing from the loan file. Provide updated corrected 1008 to include solar lien monthly payment - Due Diligence Vendor-08/01/2025 |
Ready for Review-Document Uploaded. - Seller-08/05/2025 |
Resolved-Updated 1008 provided. Resolved - Due Diligence Vendor-08/06/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 5018879 | N/A | N/A | |||
| XXXX | XXXX | 9218362 | Closed | 2025-08-01 09:52 | 2025-08-06 09:35 | Resolved | 1 - Information | D | A | Compliance | Missing Doc | The Final 1003 is Incomplete | Resolved-Requested Updated 1003 Provided by including XXXX Lien Payment in 1003 Liabilities section, Updated & Condition resolved. - Due Diligence Vendor-08/06/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-08/06/2025 Ready for Review-Document Uploaded. - Seller-08/05/2025 Open-The Final 1003 is Incomplete Provide updated Final 1003 to include XXXX lien monthly payment as per Title Page #844 - Due Diligence Vendor-08/01/2025 |
Ready for Review-Document Uploaded. - Seller-08/05/2025 |
Resolved-Requested Updated 1003 Provided by including XXXX Lien Payment in 1003 Liabilities section, Updated & Condition resolved. - Due Diligence Vendor-08/06/2025 Resolved-The Final 1003 is Present - Due Diligence Vendor-08/06/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 5018878 | N/A | N/A | |||
| XXXX | XXXX | 9218362 | Closed | 2025-07-30 05:44 | 2025-08-07 15:11 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | XXXX - Higher Priced Mortgage Loan (First Lien 06/2013)(Conforming) | Resolved-The loan meets HPML guidelines, resolved. - Due Diligence Vendor-08/07/2025 Open-. - Due Diligence Vendor-08/07/2025 Resolved-The loan meets HPML guidelines, resolved. - Due Diligence Vendor-08/06/2025 Open-. - Due Diligence Vendor-08/06/2025 Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (8.72%) equals or exceeds the XXXX HPML threshold of (8.25%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (6.75%).(Cal. Fin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#516 and the Final Closing disclosure on Pg#290, Finding reflects escrows. Rate lock date was entered correctly – see Pg#287. An interior and exterior appraisal was completed for this property – see pg #23, the appraisal disclosure is provided on Page #764, and confirmation the appraisal was delivered to the borrower – see Pg#373. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/30/2025 Open- - Due Diligence Vendor-07/31/2025 Open- - Due Diligence Vendor-07/30/2025 Open- - Due Diligence Vendor-07/30/2025 |
Resolved-The loan meets HPML guidelines, resolved. - Due Diligence Vendor-08/07/2025 Resolved-The loan meets HPML guidelines, resolved. - Due Diligence Vendor-08/06/2025 Resolved-This is a XXXX Higher-Priced Mortgage Loan (HPML). The loan's APR of (8.72%) equals or exceeds the XXXX HPML threshold of (8.25%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the last date the interest rate is set before consummation. The comparable APOR for this loan is (6.75%).(Cal. Fin. Code 4995(a); 12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#516 and the Final Closing disclosure on Pg#290, Finding reflects escrows. Rate lock date was entered correctly – see Pg#287. An interior and exterior appraisal was completed for this property – see pg #23, the appraisal disclosure is provided on Page #764, and confirmation the appraisal was delivered to the borrower – see Pg#373. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/30/2025 |
XXXX | Primary Residence | Purchase | NA | 4989509 | N/A | N/A | |||||
| XXXX | XXXX | 9218362 | Closed | 2025-07-30 05:44 | 2025-08-07 14:56 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan meets HPML guidelines, resolved. - Due Diligence Vendor-08/07/2025 Open-. - Due Diligence Vendor-08/07/2025 Resolved-The loan meets HPML guidelines, resolved. - Due Diligence Vendor-08/06/2025 Open-. - Due Diligence Vendor-08/06/2025 Resolved-The loan's (8.72%) APR equals or exceeds the Federal HPML threshold of (8.25%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.75%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#516 and the Final Closing disclosure on Pg#290, Finding reflects escrows. Rate lock date was entered correctly – see Pg#287. An interior and exterior appraisal was completed for this property – see pg #23, the appraisal disclosure is provided on Page #764, and confirmation the appraisal was delivered to the borrower – see Pg#373. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/30/2025 Open- - Due Diligence Vendor-07/31/2025 Open- - Due Diligence Vendor-07/30/2025 Open- - Due Diligence Vendor-07/30/2025 |
Resolved-The loan meets HPML guidelines, resolved. - Due Diligence Vendor-08/07/2025 Resolved-The loan meets HPML guidelines, resolved. - Due Diligence Vendor-08/06/2025 Resolved-The loan's (8.72%) APR equals or exceeds the Federal HPML threshold of (8.25%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.75%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#516 and the Final Closing disclosure on Pg#290, Finding reflects escrows. Rate lock date was entered correctly – see Pg#287. An interior and exterior appraisal was completed for this property – see pg #23, the appraisal disclosure is provided on Page #764, and confirmation the appraisal was delivered to the borrower – see Pg#373. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/30/2025 |
XXXX | Primary Residence | Purchase | NA | 4989508 | N/A | N/A | |||||
| XXXX | XXXX | 9218403 | Closed | 2025-08-01 05:46 | 2025-08-04 11:25 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Missing Letter of Explanation (Assets) | Resolved-LOX for NSF over draft charges uploaded, verified - Resolved - Due Diligence Vendor-08/04/2025 Ready for Review-Document Uploaded. - Seller-08/01/2025 Open-Missing LOX for NSF over draft where XXXX pg-166 reflecting with overdraft charges. - Due Diligence Vendor-08/01/2025 |
Ready for Review-Document Uploaded. - Seller-08/01/2025 |
Resolved-LOX for NSF over draft charges uploaded, verified - Resolved - Due Diligence Vendor-08/04/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 5018157 | N/A | N/A | |||
| XXXX | XXXX | 9218403 | Closed | 2025-08-01 04:58 | 2025-08-04 11:23 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Borrower 1 Business Bank Statements Less Than 12 Months Provided | Resolved-XXXX Business Bank Account Statement uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-08/04/2025 Ready for Review-Document Uploaded. - Seller-08/01/2025 Open-XXXX is missing in file. Income calculated with 11 months BS only. - Due Diligence Vendor-08/01/2025 |
Ready for Review-Document Uploaded. - Seller-08/01/2025 |
Resolved-XXXX Business Bank Account Statement uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-08/04/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 5017893 | N/A | N/A | |||
| XXXX | XXXX | 9218403 | Closed | 2025-07-31 18:14 | 2025-07-31 18:15 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.676%) APR equals or exceeds the Federal HPML threshold of (8.27%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.77%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC's, Fees, and dates are entered correctly. Rate lock date was entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s491. Final Closing disclosure on Pg#’284 Rate lock doc on pg-282 An interior and exterior appraisal was completed for this property on pg-25 A copy of the appraisal was given to the borrower on pgs-538 confirmation the appraisal was delivered to the borrower – see Pg#’s 354. The loan meets HPML Guidelines, resolved. - Due Diligence Vendor-07/31/2025 Open- - Due Diligence Vendor-07/31/2025 |
Resolved-The loan's (9.676%) APR equals or exceeds the Federal HPML threshold of (8.27%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.77%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC's, Fees, and dates are entered correctly. Rate lock date was entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#’s491. Final Closing disclosure on Pg#’284 Rate lock doc on pg-282 An interior and exterior appraisal was completed for this property on pg-25 A copy of the appraisal was given to the borrower on pgs-538 confirmation the appraisal was delivered to the borrower – see Pg#’s 354. The loan meets HPML Guidelines, resolved. - Due Diligence Vendor-07/31/2025 |
XXXX | Primary Residence | Purchase | NA | 5011542 | N/A | N/A | |||||
| XXXX | XXXX | 9218541 | Closed | 2025-07-31 10:12 | 2025-08-05 09:58 | Resolved | 1 - Information | C | A | Credit | Borrower | Discrepancy between 1008 Page Qualifying FICO and actual Qualifying FICO | Resolved-Updated 1008 Document uploaded, Qualifying FICO on the 1008 matches the Qualifying FICO from the Credit Liabilities, Verified - Resolved - Due Diligence Vendor-08/05/2025 Resolved-Validation Resolved - Due Diligence Vendor-08/05/2025 Ready for Review-Document Uploaded. - Seller-08/04/2025 Open-Qualifying FICO on the 1008 Page is '755' or blank, but the Qualifying FICO from the Credit Liabilities Page is '760' or blank. Qualifying FICO entries do not match. Please confirm the correct Qualifying FICO value. Qualifying FICO on the 1008 Page is '755', where as the Qualifying FICO from the Credit Liabilities Page is '760' hence there is a mismatch. - Due Diligence Vendor-07/31/2025 |
Ready for Review-Document Uploaded. - Seller-08/04/2025 |
Resolved-Updated 1008 Document uploaded, Qualifying FICO on the 1008 matches the Qualifying FICO from the Credit Liabilities, Verified - Resolved - Due Diligence Vendor-08/05/2025 Resolved-Validation Resolved - Due Diligence Vendor-08/05/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 5003903 | N/A | N/A | |||
| XXXX | XXXX | 9218512 | Closed | 2025-07-31 09:13 | 2025-08-01 16:13 | Resolved | 1 - Information | A | A | Compliance | HigherPriced:APR | Federal - Higher Priced Mortgage Loan (HPML)(First Lien 06/13)(Conforming) | Resolved-The loan's (9.265%) APR equals or exceeds the Federal HPML threshold of (8.27%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.77%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#449 and the Final Closing disclosure on Pg#325, Finding reflects escrows. Rate lock date was entered correctly – see Pg#460. An interior and exterior appraisal was completed for this property – see pg #28, the appraisal disclosure is provided on Page #535, and confirmation the appraisal was delivered to the borrower – see Pg#50. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/31/2025 Open- - Due Diligence Vendor-08/01/2025 Open- - Due Diligence Vendor-07/31/2025 |
Resolved-The loan's (9.265%) APR equals or exceeds the Federal HPML threshold of (8.27%). The threshold is determined by adding 1.5 points to the comparable average prime offer rate index on the "last date the interest rate is set before consummation." The comparable APOR for this loan is (6.77%).(12 CFR 1026.35(a)(1)(i)) This loan failed the higher-priced mortgage loan test. ( 12 CFR § 1026.35(a)(1) )Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in Regulation Z. While the higher-priced mortgage loan provisions specify that lenders can legally make this type of loan subject to additional requirements in 12 CFR §1026.35, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. TRID Header Disclosure Page was entered correctly All disclosures, COC’s, Fees, and dates are entered correctly. Borrower is Escrowing, escrow disclosures and loan information is on Pg#449 and the Final Closing disclosure on Pg#325, Finding reflects escrows. Rate lock date was entered correctly – see Pg#460. An interior and exterior appraisal was completed for this property – see pg #28, the appraisal disclosure is provided on Page #535, and confirmation the appraisal was delivered to the borrower – see Pg#50. The loan meets HPML guidelines, resolved. - Due Diligence Vendor-07/31/2025 |
XXXX | Primary Residence | Purchase | NA | 5003753 | N/A | N/A | |||||
| XXXX | XXXX | 9243102 | Closed | 2025-08-05 03:22 | 2025-08-08 08:41 | Resolved | 1 - Information | C | A | Credit | Credit | Lender Approval Form is Missing | Resolved-Updated Lender Approval form with credit type uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-08/08/2025 Ready for Review-Document Uploaded. - Seller-08/07/2025 Open-Credit type on lender loan program information is missing. - Due Diligence Vendor-08/05/2025 |
Ready for Review-Document Uploaded. - Seller-08/07/2025 |
Resolved-Updated Lender Approval form with credit type uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-08/08/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 5052753 | N/A | N/A | |||
| XXXX | XXXX | 9243102 | Closed | 2025-08-01 11:49 | 2025-08-08 08:41 | Resolved | 1 - Information | C | A | Credit | Income/Employment | Borrower 1 Business Bank Statements Less Than 12 Months Provided | Resolved-Borrower business bank statement for XXXX and XXXX from XXXX acct #XXXX uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-08/08/2025 Ready for Review-Document Uploaded. - Seller-08/07/2025 Open-Missing borrower business bank statement for XXXX from XXXX acct#XXXX. - Due Diligence Vendor-08/01/2025 |
Ready for Review-Document Uploaded. - Seller-08/07/2025 |
Resolved-Borrower business bank statement for XXXX and XXXX from XXXX acct #XXXX uploaded, Verified & entered in system - Resolved - Due Diligence Vendor-08/08/2025 |
XXXX | XXXX | Primary Residence | Purchase | NA | 5019523 | N/A | N/A | |||
| XXXX | XXXX | 9218376 | Closed | 2025-08-04 06:32 | 2025-08-07 16:28 | Resolved | 1 - Information | C | A | Compliance | TRID Tolerance | Insufficient Change of Circumstance (50001252) | Resolved-Resolved - Due Diligence Vendor-08/07/2025 Ready for Review-Document Uploaded. - Seller-08/06/2025 Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Points - Loan Discount Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). Updated as per final CD and we don't have COC for discount point increase from initial CD to final Cd. Need COC for the increase to cure the finding. - Due Diligence Vendor-08/04/2025 Open- - Due Diligence Vendor-08/04/2025 |
Ready for Review-Document Uploaded. - Seller-08/06/2025 |
Resolved-Resolved - Due Diligence Vendor-08/07/2025 |
XXXX | XXXX | Primary Residence | Refinance | Cash Out - Other | 5036021 | N/A | N/A | |||
| XXXX | XXXX | 9218529 | Closed | 2025-08-04 23:07 | 2025-08-07 22:47 | Resolved | 1 - Information | D | A | Credit | Missing Doc | Borrower 1 Photo Identification Type Missing | Resolved-XXXX Identification Card, resolved. - Due Diligence Vendor-08/07/2025 Ready for Review-Document Uploaded. - Seller-08/06/2025 Open-G/L missing 2nd Photo ID. - Due Diligence Vendor-08/04/2025 |
Ready for Review-Document Uploaded. - Seller-08/06/2025 |
Resolved-XXXX Identification Card, resolved. - Due Diligence Vendor-08/07/2025 |
XXXX | XXXX | Investment | Purchase | NA | 5051338 | N/A | N/A |