GS Mortgage Securities Corp. ABS-15G
Exhibit 99.2 - Schedule 3
Exception Grades
Run Date - 9/8/2025 9:32:28 AM
| SitusAMC Loan ID | Customer Loan ID | Seller Loan ID | Investor Loan Number | Unique Loan ID | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | 15E Category | Exception | Exception Detail | Exception Information | Compensating Factors | Compensating Factor Information | Applying Party | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Exception Level Grade | DBRS Initial Exception Rating | DBRS Final Exception Rating | Fitch Initial Exception Rating | Fitch Final Exception Rating | Kroll Initial Exception Rating | Kroll Final Exception Rating | Moody's Initial Exception Rating | Moody's Final Exception Rating | S&P Initial Exception Rating | S&P Final Exception Rating | Note Date | Property State | Occupancy | Purpose | Exception Remediation | Overall Initial Loan Grade |
Overall Final Loan Grade |
Credit Initial Loan Grade |
Credit Final Loan Grade |
Compliance Initial Loan Grade |
Compliance Final Loan Grade |
Property Initial Loan Grade |
Property Final Loan Grade |
Originator QM ATR Status | TPR QM ATR Status | Is Curable |
| [redacted] | [redacted] | [redacted] | [redacted] | 46937206 | 29335406 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/25/2023 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46791430 | 29484725 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 1.31 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2023-11-29): XXXXX Seller Comment (2023-11-28): XXXXX Reviewer Comment (2023-11-28): XXXXX Seller Comment (2023-11-27): XXXXX |
11/29/2023 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46791430 | 29484762 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 11/21/2023 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46053856 | 29807748 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 01/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46053856 | 29807749 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | File is missing a copy of Initial Rate Lock Date document. | 01/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46053856 | 29807753 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $775.00 exceeds tolerance of $675.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $775.00 exceeds tolerance of $675.00. | Reviewer Comment (2024-01-23): XXXXX Seller Comment (2024-01-22): XXXXX |
01/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46053856 | 29807754 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $775.00 exceeds tolerance of $675.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $775.00 exceeds tolerance of $675.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-01-23): XXXXX |
01/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46053856 | 29807755 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Abstract / Title Search. Fee Amount of $32.30 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Abstract / Title Search. Fee Amount of $32.30 exceeds tolerance of $0.00. | Reviewer Comment (2024-01-30): XXXXX Seller Comment (2024-01-29): XXXXX Reviewer Comment (2024-01-26): XXXXX Seller Comment (2024-01-25): XXXXX Reviewer Comment (2024-01-24): XXXXX Seller Comment (2024-01-23): XXXXX Reviewer Comment (2024-01-23): XXXXX Seller Comment (2024-01-22): XXXXX |
01/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46053856 | 29807822 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | File is missing a copy of Initial Rate Lock Date document. | Reviewer Comment (2024-01-26): XXXXX Seller Comment (2024-01-25): XXXXX Reviewer Comment (2024-01-23): XXXXX Seller Comment (2024-01-22): XXXXX |
01/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46053856 | 29868873 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $775.00 exceeds tolerance of $675.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-01-30): XXXXX |
01/30/2024 | 1 | A | A | A | A | A | NY | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46053856 | 29868874 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $775.00 exceeds tolerance of $675.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-01-30): XXXXX |
01/30/2024 | 1 | A | A | A | A | A | NY | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46053856 | 29874297 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Loan amounts greater than $XXXXX require 12 month reserves. | Reviewer Comment (2024-02-14): XXXXX Seller Comment (2024-02-13): XXXXX |
02/14/2024 | 1 | A | A | A | A | A | NY | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40575979 | 30033559 | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | The file is missing a copy of 1007 Rent comparison schedule. | Reviewer Comment (2024-03-12): XXXXX |
03/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46240310 | 29918609 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | Security Instrument is missing from file. | Reviewer Comment (2024-02-09): XXXXX |
02/09/2024 | 1 | D | A | D | A | D | A | D | A | D | A | OR | Primary | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46240310 | 29918707 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Primary | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46240310 | 29918708 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | Creditor did not provide FACTA Credit Score Disclosure. | 02/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Primary | Refinance - Cash-out - Other | D | B | D | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45717983 | 30806570 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided | 06/17/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42499774 | 30417184 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 04/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42499774 | 30417185 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.08704% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $26,952.40 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $19,783.79 (an overage of $7,168.61 or 1.08704%). | XXXXX Points and Fees exceed allowable threshold by $7,168.61 or 1.08704%. | 04/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49656071 | 30805511 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 06/17/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49656071 | 30805512 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 06/17/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44644345 | 30699589 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 06/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49233652 | 31064377 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.80200% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $19,721.63 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $15,561.51 (an overage of $4,160.12 or .80200%). | XXXXX point and Fees exceed allowable threshold by $4,160.12 or .80200%. | 07/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49233652 | 31064379 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $17,541.88 exceeds tolerance of $16,192.50. Insufficient or no cure was provided to the borrower. | Loan discount point Fee was last disclosed as $16,192.50 on LE but disclosed as $17,541.88 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $1,349.38.00, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2024-07-22): XXXXX Seller Comment (2024-07-19): XXXXX Reviewer Comment (2024-07-16): XXXXX Seller Comment (2024-07-12): XXXXX |
07/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44532472 | 30981952 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.84639% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $15,200.46 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $9,409.35 (an overage of $5,791.11 or 1.84639%). | XXXXX Points and Fees exceed allowable threshold by $5,791.11 or 1.84639% | 06/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44532472 | 30981956 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $742.70 exceeds tolerance of $510.00. Sufficient or excess cure was provided to the borrower at Closing. | 0% tolerance was exceeded by $232.7 due to increase in Appraisal Fee. Cure is already provided at closing, please override this exception. |
Reviewer Comment (2024-06-27): XXXXX |
06/27/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47342921 | 31188012 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided | 07/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47342921 | 31188016 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $125.00 exceeds tolerance of $65.00 plus 10% or $71.50. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing. | Reviewer Comment (2024-07-23): XXXXX |
07/23/2024 | 1 | A | A | A | A | A | A | A | A | A | A | MI | Second Home | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48002090 | 31043236 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
07/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41406722 | 31321739 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after XX/XX/XX contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Page 5 of the Closing Disclosure issued XX/XX/XX not provided. Unable to determine Loan Calculations. Corrected Closing Disclosure provided XX/XX/XX contains a change in APR and was not received by borrower at least three (3) business days prior to consummation. | Reviewer Comment (2024-08-23): XXXXX Seller Comment (2024-08-21): XXXXX Reviewer Comment (2024-08-20): XXXXX Seller Comment (2024-08-19): XXXXX Reviewer Comment (2024-08-14): XXXXX Seller Comment (2024-08-13): XXXXX |
08/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TRID timing exception, no remediation available. | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41406722 | 31321740 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $723.60 exceeds tolerance of $510.00. Insufficient or no cure was provided to the borrower. | Appraisal Fee was last disclosed as $510.00 on LE but disclosed as $723.60 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $90.00, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2024-08-28): XXXXX Seller Comment (2024-08-26): XXXXX Reviewer Comment (2024-08-23): XXXXX Seller Comment (2024-08-22): XXXXX Reviewer Comment (2024-08-14): XXXXX Seller Comment (2024-08-13): XXXXX |
08/28/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41406722 | 31518993 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $723.60 exceeds tolerance of $600.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-08-28): XXXXX |
08/28/2024 | 1 | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46015174 | 31263005 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 08/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46015174 | 31263006 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
08/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40278173 | 31282650 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 08/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47915394 | 31264095 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | The property is located in the FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2024-08-12): XXXXX Seller Comment (2024-08-12): XXXXX |
08/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Purchase | D | B | D | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47915394 | 31264100 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-08-08): XXXXX Seller Comment (2024-08-08): XXXXX |
08/08/2024 | 1 | D | A | D | A | D | A | D | A | D | A | IN | Primary | Purchase | D | B | D | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47915394 | 31264104 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | The file is missing a copy of the Appraisal report. | Reviewer Comment (2024-08-08): XXXXX Seller Comment (2024-08-08): XXXXX |
08/08/2024 | 1 | D | A | D | A | D | A | D | A | D | A | IN | Primary | Purchase | D | B | D | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47915394 | 31264132 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.63171% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $5,864.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $4,844.41 (an overage of $1,020.09 or .63171%). | XXXXX Points and Fees exceed allowable threshold by $1,020.09 or .63171%. | 08/02/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | D | A | B | B | D | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47915394 | 31264134 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $648.60 exceeds tolerance of $525.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as $525.00 on Initial closing disclosure but disclosed as $648.60 on Final Closing Disclosure. File does not contain a valid COC for this fee, Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-08-02): XXXXX |
08/02/2024 | 1 | A | A | A | A | A | A | A | A | A | A | IN | Primary | Purchase | Final CD evidences Cure | D | B | D | A | B | B | D | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41652396 | 31177712 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.18820% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $6,462.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,081.01 (an overage of $381.49 or .18820%). | XXXXX Points and Fees threshold exceeded by an average of $381.49 or .18820% | 07/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46682720 | 31359445 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Preliminary Title report in file disclosed an amount of Title Insurance Coverage that is less than the loan amount. Provide a copy of the Final Title Policy or an addendum to the Preliminary Report verifying Title Insurance of at least the Loan Amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
08/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | B | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46682720 | 31359600 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Reviewer Comment (2024-08-20): XXXXX Seller Comment (2024-08-16): XXXXX |
08/20/2024 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | B | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40023027 | 31381255 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
08/15/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49287796 | 31224199 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Evidence of Access to Funds is missing. | Reviewer Comment (2024-08-13): XXXXX Reviewer Comment (2024-08-01): XXXXX Seller Comment (2024-08-01): XXXXX |
08/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49287796 | 31244976 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. Use of business funds requires evidence of access to funds or a cash flow analysis. | Reviewer Comment (2024-08-13): XXXXX Reviewer Comment (2024-08-01): XXXXX |
08/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40692991 | 31588950 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 09/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40692991 | 31589254 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing | FDPA Notification Rule: Creditor did not retain record of borrower's receipt of Notice of Special Flood Hazard Disclosure. | The file is missing a copy of borrower signed Notice of Special Flood Hazard Disclosure. | Reviewer Comment (2024-09-11): XXXXX |
09/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40692991 | 31589320 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | Final and initial 1003 declaration section 5a-A reflects the borrower intends to occupy the property as their primary residence. | Reviewer Comment (2024-09-18): XXXXX Seller Comment (2024-09-17): XXXXX |
09/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40692991 | 31611631 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - Not High Cost and Not Higher Priced | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Second Home). | Final and initial 1003 declaration section 5a-A reflects the borrower intends to occupy the property as their primary residence. | Reviewer Comment (2024-09-11): XXXXX |
09/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42281966 | 31598911 | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank XXXXX): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XX, Most Recent Tax Return End Date XX/XX/XX, Tax Return Due Date XX/XX/XX. | The file is missing the XXXXX personal and business tax returns. Evidence of extension provided in file for XXXXX. The file contained a copy of the XXXXX and XXXXX 1040's and business returns. | Reviewer Comment (2024-09-18): XXXXX |
09/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42281966 | 31598912 | Compliance | Compliance | Federal Compliance | ATR/QM | Self-Employed Tax Return Recency - ATR | Ability to Repay (Dodd-Frank XXXXX): Self Employed Tax Returns - The business or personal tax returns provided are not the most recent. Application Date XX/XX/XX, Most Recent Tax Return End Date XX/XX/XX, Tax Return Due Date XX/XX/XX. | The file is missing the XXXXX personal and business tax returns. Evidence of extension provided in file for XXXXX. The file contained a copy of the XXXXX and XXXXX 1040's and business returns. | Reviewer Comment (2024-09-18): XXXXX |
09/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42501298 | 31452395 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
08/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42457589 | 31507178 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
08/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40330655 | 31437569 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 08/21/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45632440 | 31638623 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Initial escrow account statement does not match charges on Final Closing Disclosure. | Reviewer Comment (2024-09-18): XXXXX |
09/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | ME | Second Home | Purchase | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45632440 | 31638624 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Estimated Escrow Payment Over Disclosed Test | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XX disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. | Final Closing Disclosure provided disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. | Reviewer Comment (2024-09-12): XXXXX |
09/12/2024 | 1 | A | A | A | A | A | A | A | A | A | A | ME | Second Home | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45632440 | 31638625 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow - Monthly Escrow Payment Overdisclosed Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. | Final Closing Disclosure provided disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan | Reviewer Comment (2024-09-12): XXXXX |
09/12/2024 | 1 | A | A | A | A | A | A | A | A | A | A | ME | Second Home | Purchase | Provide the following: Letter of Explanation notifying borrower or error and Corrected CD | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45632440 | 31638650 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $50,360.00. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2024-11-08): XXXXX Seller Comment (2024-11-07): XXXXX Reviewer Comment (2024-10-03): XXXXX Seller Comment (2024-10-03): XXXXX |
11/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | ME | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40549945 | 31506815 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.34933% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $27,275.61 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $18,813.66 (an overage of $8,461.95 or 1.34933%). | XXXXX Points and Fees exceed allowable threshold by $8,461.95 or 1.34933%. | 08/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40549945 | 31506821 | Compliance | Compliance | State Compliance | State HPML | XXXXX HPML Threshold Test Non-Compliant | XXXXX Higher-Priced Mortgage Loan: APR on subject loan of 8.71443% or Final Disclosure APR of 8.71400% is equal to or greater than the threshold of APOR 6.76% + 1.5%, or 8.26000%. Non-Compliant Higher Priced Loan. | Final Disclosure APR of 8.71400% is equal to or greater than the threshold of APOR 6.76% + 1.5%, or 8.26000%. | Reviewer Comment (2024-09-04): XXXXX Seller Comment (2024-08-30): XXXXX |
09/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40549945 | 31506891 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | The file was missing a copy of the Approval Document. | Reviewer Comment (2024-09-06): XXXXX Seller Comment (2024-09-05): XXXXX |
09/06/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MD | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40549945 | 31506980 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
08/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40549945 | 31515799 | Compliance | Compliance | State Compliance | State HPML | (State HPML Disclosure) Maryland Higher-Priced Mortgage Loan (Disclosure of Non-HPML Loans Borrower Qualifies For Not Provided) | XXXXX Higher-Priced Mortgage Loan: Borrower not provided with written disclosure of non-higher priced loans otherwise qualified for. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2024-09-04): XXXXX Seller Comment (2024-08-30): XXXXX |
09/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Primary | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49815484 | 31575501 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos, and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2024-09-26): XXXXX Seller Comment (2024-09-25): XXXXX Reviewer Comment (2024-09-13): XXXXX Seller Comment (2024-09-12): XXXXX |
09/26/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49815484 | 31576398 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 09/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48603978 | 31495367 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
08/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48603978 | 31495428 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 08/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48603978 | 31531174 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $592.70 exceeds tolerance of $500.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-08-28): XXXXX |
08/28/2024 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43077306 | 31429681 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of ___ is less than Cash From Borrower ___. | Available for Closing is $0.00 is less than Cash From Borrower $24,378.12. Per Guidelines one months seasoned bank statements required. Provide additional consecutive bank statements. | The representative FICO score exceeds the guideline minimum by at least 40 points. | SitusAMC | Reviewer Comment (2024-09-03): XXXXX Reviewer Comment (2024-08-29): XXXXX Seller Comment (2024-08-29): XXXXX |
09/03/2024 | 2 | C | B | C | B | C | B | C | B | C | B | OH | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43077306 | 31429687 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated PITIA months reserves of is less than Guideline PITIA months reserves of 6. Per Guidelines one months seasoned bank statements required. Provide additional consecutive bank statements. | The representative FICO score exceeds the guideline minimum by at least 40 points. | SitusAMC | Reviewer Comment (2024-09-03): XXXXX Reviewer Comment (2024-08-29): XXXXX Seller Comment (2024-08-29): XXXXX |
09/03/2024 | 2 | C | B | C | B | C | B | C | B | C | B | OH | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43077306 | 31442995 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | File is missing the CPA Letter verifying that use of Funds will not harm the Business. | The representative FICO score exceeds the guideline minimum by at least 40 points. | SitusAMC | Reviewer Comment (2024-09-03): XXXXX Reviewer Comment (2024-08-30): XXXXX Seller Comment (2024-08-30): XXXXX Reviewer Comment (2024-08-29): XXXXX Seller Comment (2024-08-29): XXXXX |
09/03/2024 | 2 | C | B | C | B | C | B | C | B | C | B | OH | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43077306 | 31442997 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | File is missing the CPA Letter verifying that use of Funds will not harm the Business. | The representative FICO score exceeds the guideline minimum by at least 40 points. | SitusAMC | Reviewer Comment (2024-09-03): XXXXX Reviewer Comment (2024-08-30): XXXXX Seller Comment (2024-08-30): XXXXX Reviewer Comment (2024-08-29): XXXXX Seller Comment (2024-08-29): XXXXX |
09/03/2024 | 2 | C | B | C | B | C | B | C | B | C | B | OH | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43836106 | 31439303 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 08/21/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44227520 | 31636482 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower. | Second Appraisal Fee was last disclosed as $0.00 on LE but disclosed as $123.60 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-09-12): XXXXX |
09/12/2024 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44227520 | 31636483 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $1,101.00 exceeds tolerance of $1,095.00. Sufficient or excess cure was provided to the borrower. | Transfer Tax was last disclosed as $1,095.00 on LE but disclosed as $1,101.00 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-09-12): XXXXX |
09/12/2024 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44227520 | 31636501 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
09/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42353941 | 31441878 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
08/21/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47112691 | 31571534 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing XXXXX and XXXXX K-1s for XXXXX and XXXXX | Reviewer Comment (2024-09-13): XXXXX |
09/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47112691 | 31571535 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Reviewer Comment (2024-09-16): XXXXX Reviewer Comment (2024-09-13): XXXXX |
09/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47112691 | 31646299 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Business and personal tax returns as missing since only page 1 signature pages were provided for 1120-S and only 2 pages were provided for 1040's. | Reviewer Comment (2024-09-16): XXXXX |
09/16/2024 | 1 | A | A | A | A | A | IL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48949149 | 31611298 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | The file is missing a copy of the Final 1003. | Reviewer Comment (2024-10-08): XXXXX Seller Comment (2024-10-07): XXXXX Reviewer Comment (2024-09-30): XXXXX Seller Comment (2024-09-28): XXXXX Reviewer Comment (2024-09-23): XXXXX Seller Comment (2024-09-20): XXXXX |
10/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NH | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47140061 | 31519624 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-09-05): XXXXX Seller Comment (2024-09-05): XXXXX |
09/05/2024 | 1 | D | A | D | A | D | A | D | A | D | A | IL | Investment | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44363455 | 31997742 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
10/29/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AR | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48635269 | 31681333 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower provided appraisal waiver less than three (3) business days prior to consummation. | Borrower provided appraisal waiver less than three (3) business days prior to consummation. | Reviewer Comment (2024-09-26): XXXXX Reviewer Comment (2024-09-24): XXXXX |
09/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MS | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48635269 | 31681334 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Waiver Less than 3 Days From Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower provided appraisal waiver less than three (3) business days prior to consummation. | Borrower provided appraisal waiver less than three (3) business days prior to consummation. | Reviewer Comment (2024-09-26): XXXXX Reviewer Comment (2024-09-24): XXXXX |
09/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MS | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46366938 | 32030836 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | The subject property is located in a FEMA disaster area that does not have a declared end date. The appraisal was performed after the FEMA declaration start date but prior to the declared end date. | Reviewer Comment (2024-11-05): XXXXX Reviewer Comment (2024-11-04): XXXXX |
11/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46366938 | 32055918 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2024-11-05): XXXXX |
11/05/2024 | 2 | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48309124 | 32038080 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | 11/01/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48309124 | 32052587 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end Date. | Reviewer Comment (2024-11-14): XXXXX Seller Comment (2024-11-14): XXXXX |
11/14/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44975411 | 32154424 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end Date. | Reviewer Comment (2024-11-25): XXXXX Seller Comment (2024-11-25): XXXXX |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47417774 | 31569696 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.07629% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $15,921.25 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $15,526.39 (an overage of $394.86 or .07629%). | XXXXX Points and Fees threshold exceed allowable threshold by $394.86 or .07629% | 09/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47417774 | 31569708 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Property Inspection Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-09-03): XXXXX |
09/03/2024 | 1 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45108101 | 31499788 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 2.46 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2024-09-04): XXXXX Seller Comment (2024-09-04): XXXXX |
09/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45108101 | 31583116 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2024-09-05): XXXXX Seller Comment (2024-09-05): XXXXX |
09/05/2024 | 1 | A | A | A | A | A | FL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40697146 | 31628152 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.50766% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $13,348.64 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,883.96 (an overage of $4,464.68 or 1.50766%). | XXXXX Points and Fees exceed allowable threshold by $4,464.68 or 1.50766%. | 09/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42050068 | 31816149 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - 1-4 Family not provided | 1-4 Family Rider not provided in the file. | Reviewer Comment (2024-10-10): XXXXX Seller Comment (2024-10-10): XXXXX |
10/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47272454 | 31771565 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 09/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47272454 | 31771572 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end Date. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. |
SitusAMC SitusAMC |
Reviewer Comment (2024-10-25): XXXXX Reviewer Comment (2024-10-24): XXXXX Seller Comment (2024-10-24): XXXXX |
10/25/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40830644 | 31771805 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 09/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | ID | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42581506 | 31828289 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
10/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41345115 | 31862427 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47020390 | 31763823 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $658.60 exceeds tolerance of $535.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $658.60 exceeds tolerance of $535.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-09-27): XXXXX |
09/27/2024 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Rate/Term | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44152698 | 31677559 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. | Calculated Debt Service Coverage Ratio (Subject DSCR) of 0.92 does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) 1.00. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | SitusAMC | Reviewer Comment (2024-10-01): XXXXX Seller Comment (2024-09-30): XXXXX |
10/01/2024 | 2 | B | B | B | B | B | NC | Investment | Refinance - Cash-out - Other | A | B | A | B | A | A | A | A | N/A | No | |||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46761019 | 31812375 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
10/04/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47861979 | 31802190 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 5.24 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2024-10-10): XXXXX Seller Comment (2024-10-10): XXXXX |
10/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49540143 | 31950372 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | The file was missing a copy of the final 1003. | Reviewer Comment (2024-11-08): XXXXX Seller Comment (2024-11-07): XXXXX |
11/08/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47735244 | 32156783 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end Date. | Reviewer Comment (2024-11-25): XXXXX Seller Comment (2024-11-25): XXXXX |
11/25/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43797475 | 31902107 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | WI | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42059026 | 32294123 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Final LE is required to be received by borrower at least 1 day prior to Initial CD. Based on documentation in file, Final LE was received by borrower on or after date Initial CD was received. Evidence of earlier receipt of LE was not located in file. | Reviewer Comment (2024-12-27): XXXXX Seller Comment (2024-12-25): XXXXX |
12/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Rate/Term | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42059026 | 32294124 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $2,415.50 exceeds tolerance of $1,903.00 plus 10% or $2,093.30. Insufficient or no cure was provided to the borrower. | 10% tolerance was exceeded by $1,394.80 due to increase of recording fee. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $2,415.50, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2024-12-27): XXXXX Seller Comment (2024-12-25): XXXXX |
12/27/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49799211 | 31763676 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 09/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49979855 | 31977773 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49979855 | 31977819 | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | 1007 Rent Comparison Schedule is missing. | Reviewer Comment (2024-10-31): XXXXX Seller Comment (2024-10-30): XXXXX |
10/31/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47423238 | 31812264 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $750.00 exceeds tolerance of $550.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $750.00 exceeds tolerance of $550.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-10-04): XXXXX |
10/04/2024 | 1 | A | A | A | A | A | A | A | A | A | A | SC | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44277268 | 32060885 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
11/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41552097 | 31886194 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided | 10/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41552097 | 31886205 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $129,182.73 is less than Cash From Borrower $165,353.68. Per final 1003, lender used higher balance of $193,357.11 for XXXXX account than verified by statement in file. Statement reflects $605.14. | Reviewer Comment (2024-10-29): XXXXX |
10/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41552097 | 31886269 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. Per final 1003, lender used higher balance of $193,357.11 for Delta Community Credit Union Savings account than verified by statement in file. Statement reflects $605.14. | Reviewer Comment (2024-10-29): XXXXX |
10/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41552097 | 31900404 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___ Disaster Declaration Date: ___ |
The subject property is located in a FEMA disaster that does not have a declared end date. | Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2024-11-04): XXXXX Reviewer Comment (2024-10-29): XXXXX |
11/04/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48868032 | 31960170 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 10/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48868032 | 31961189 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 10/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47583996 | 31996795 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
10/29/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | B | B | B | B | A | A | A | A | N/A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46481771 | 31862585 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 10/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Purchase | B | B | B | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46481771 | 31862962 | Credit | Document Inventory | General | Missing Document | Evidence of Taxpayer Consent is Missing, and Taxpayer documentation is present. | The file is missing a copy of Evidence of Taxpayer Consent doc. | Reviewer Comment (2024-11-12): XXXXX Seller Comment (2024-11-11): XXXXX |
11/12/2024 | 1 | B | A | B | A | B | A | B | A | B | A | MA | Primary | Purchase | B | B | B | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41808091 | 32030903 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | The subject property is located a FEMA disaster area that does not have a declared end date. The appraisal was performed after the FEMA declaration start date but prior to the declared end dated. | Reviewer Comment (2024-11-05): XXXXX Reviewer Comment (2024-11-04): XXXXX |
11/05/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41808091 | 32056782 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-05): XXXXX |
11/05/2024 | 2 | B | B | B | B | B | GA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45108785 | 32032680 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided | 10/31/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45108785 | 32032703 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $204,000.00 Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-01-06): XXXXX Reviewer Comment (2024-12-30): XXXXX Seller Comment (2024-12-30): XXXXX Reviewer Comment (2024-12-20): XXXXX Seller Comment (2024-12-19): XXXXX Reviewer Comment (2024-12-17): XXXXX Seller Comment (2024-12-16): XXXXX Reviewer Comment (2024-12-05): XXXXX Seller Comment (2024-12-04): XXXXX Reviewer Comment (2024-11-20): XXXXX Seller Comment (2024-11-19): XXXXX |
01/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46728259 | 32133994 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | The file was missing a copy of the Verification(s) of employment is not within 10 business days of the Note. | Reviewer Comment (2024-11-21): XXXXX Seller Comment (2024-11-20): XXXXX |
11/21/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NH | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46728259 | 32158155 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Issue: Ineligible borrower | Business entity is not an eligible borrower for this loan type. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-25): XXXXX Reviewer Comment (2024-11-20): XXXXX |
11/25/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NH | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41350869 | 32073568 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49900795 | 32163180 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
11/21/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MO | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49900795 | 32195541 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $135.00 exceeds tolerance of $120.00 plus 10% or $132.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-21): XXXXX |
11/21/2024 | 1 | A | A | A | A | A | A | A | A | A | A | MO | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49900795 | 32195542 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-11-21): XXXXX |
11/21/2024 | 1 | A | A | A | A | A | A | A | A | A | A | MO | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48687769 | 32086047 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 11/11/2024 | 2 | B | B | B | B | B | B | B | B | B | B | KY | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44210107 | 32037731 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 11/01/2024 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44269779 | 32248430 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 11/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40130292 | 32040062 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | "Verification appraisal was delivered to borrower was not provided. " |
11/01/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40130292 | 32040063 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | 11/01/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46096619 | 32230216 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $18,000.00 exceeds tolerance of $13,844.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $18,000.00 exceeds tolerance of $13,844.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-12-02): XXXXX |
12/02/2024 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46278279 | 32864783 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (Notice to Assignee) | Truth in Lending Act (HOEPA): Required Statement was not provided to purchaser or assignee for loan that was sold or assigned. (Note: This notice only applies when selling or assigning a HOEPA loan and XXXXX not be found in the file for loans that have not been previously sold) | HOEPA Assignment Notice is not located in file. | Reviewer Comment (2025-03-04): XXXXX Seller Comment (2025-03-04): XXXXX Reviewer Comment (2025-02-24): XXXXX Seller Comment (2025-02-21): XXXXX |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46278279 | 32864784 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | HOEPA disclosure was not provided to the Borrower | Reviewer Comment (2025-03-04): XXXXX Seller Comment (2025-03-04): XXXXX Reviewer Comment (2025-02-24): XXXXX Seller Comment (2025-02-21): XXXXX |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46278279 | 32864785 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees) | Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees. | Total fees financed by lender is $10,176.24. Threshold maximum is $9,567.28. | Reviewer Comment (2025-03-04): XXXXX Seller Comment (2025-03-04): XXXXX Reviewer Comment (2025-02-24): XXXXX Seller Comment (2025-02-21): XXXXX |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46278279 | 32864786 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) | Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of 4% of the amount past due or grace period of less than 15 days. | Total fees financed by lender exceed permitted threshold. Late charge exceeds max of 4% of amount past due and/or grace period of 15 days. | Reviewer Comment (2025-03-04): XXXXX Seller Comment (2025-03-04): XXXXX Reviewer Comment (2025-02-24): XXXXX Seller Comment (2025-02-21): XXXXX |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46278279 | 32864787 | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of 5.31825% is in excess of the allowable maximum of 5.00000% of the Federal Total Loan Amount. Points and Fees of $10,176.24 on a Federal Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $608.96 or .31825%). Non-Compliant High Cost Loan. | Total fees financed by lender is $10,176.24. Threshold maximum is $9,567.28. | Reviewer Comment (2025-03-04): XXXXX Seller Comment (2025-03-04): XXXXX Reviewer Comment (2025-02-24): XXXXX Seller Comment (2025-02-21): XXXXX |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46278279 | 32864788 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | Total fees financed by lender exceed permitted threshold. Pre-Loan Counseling status if not located in file. | Reviewer Comment (2025-03-04): XXXXX Seller Comment (2025-03-04): XXXXX Reviewer Comment (2025-02-24): XXXXX Seller Comment (2025-02-21): XXXXX |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46278279 | 32865130 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.31825% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,176.24 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $5,740.37 (an overage of $4,435.87 or 2.31825%). | XXXXX Points and Fees exceed allowable threshold by $4,435.87 or 2.31825%. | 02/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44131217 | 32156363 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos, and the property must be re-inspected on or after XX/XX/XX declared end date. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-22): XXXXX |
11/22/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49202389 | 32133225 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 11/14/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48628089 | 32149345 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $35,572.00. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-01-24): XXXXX Reviewer Comment (2024-12-05): XXXXX Seller Comment (2024-12-05): XXXXX |
01/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42274238 | 32168496 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. |
SitusAMC SitusAMC |
Reviewer Comment (2024-11-25): XXXXX Reviewer Comment (2024-11-22): XXXXX |
11/25/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44532573 | 32196640 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 11/25/2024 | 2 | B | B | B | B | B | B | B | B | B | B | ME | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48925282 | 32053420 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (Notice to Assignee) | Truth in Lending Act (HOEPA): Required Statement was not provided to purchaser or assignee for loan that was sold or assigned. (Note: This notice only applies when selling or assigning a HOEPA loan and XXXXX not be found in the file for loans that have not been previously sold) | HOEPA Assignment Notice is not located in file. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48925282 | 32053421 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | Total fees financed by lender exceed permitted threshold. HOEPA Disclosure is not located in file. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48925282 | 32053422 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees) | Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees. | Mortgage loan financed Points and Fees. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48925282 | 32053423 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) | Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of 4% of the amount past due or grace period of less than 15 days. | Total fees financed by lender exceed permitted threshold. Late charge exceeds max of 4% of amount past due and/or grace period of 15 days. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48925282 | 32053424 | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of 6.01369% is in excess of the allowable maximum of 5.00000% of the Federal Total Loan Amount. Points and Fees of $23,326.88 on a Federal Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $3,932.08 or 1.01369%). Non-Compliant High Cost Loan. | Points and Fees on subject loan of 6.01369% is in excess of the allowable maximum of 5.00000% of the Federal Total Loan Amount. Points and Fees of $23,326.88 on a Federal Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $3,932.08 or 1.01369%). Non-Compliant High Cost Loan. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48925282 | 32053425 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | Total fees financed by lender exceed permitted threshold. Pre-Loan Counseling status if not located in file. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48925282 | 32053426 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 6.01369% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $23,326.88 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $11,636.88 (an overage of $11,690.00 or 3.01369%). | XXXXX Points and Fees exceed allowable threshold by $11,690.00 or 3.01369%. | 11/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48925282 | 32053439 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $472.08 exceeds tolerance of $377.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $472.08 exceeds tolerance of $377.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2024-11-11): XXXXX Seller Comment (2024-11-08): XXXXX |
11/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48925282 | 32053449 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | File is missing a copy of business bank statement for the month of XXXXX XXXXX (Business: XXXXX) | Reviewer Comment (2024-11-13): XXXXX Seller Comment (2024-11-12): XXXXX |
11/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48925282 | 32053470 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | File is missing a copy of third party document such as business entity listing / business license or VVOE. Also, XXXXX XXXXX month business bank statement is missing. | Reviewer Comment (2024-11-13): XXXXX Seller Comment (2024-11-12): XXXXX |
11/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48925282 | 32053472 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
11/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48925282 | 32085066 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $472.08 exceeds tolerance of $377.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. | Reviewer Comment (2024-11-11): XXXXX |
11/11/2024 | 1 | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45445806 | 32090584 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.14504% or Final Disclosure APR of 8.14300% is equal to or greater than the threshold of APOR 6.40% + 1.5%, or 7.90000%. Non-Compliant Higher Priced Mortgage Loan. | Final Disclosure APR of 8.14300% is equal to or greater than the threshold of APOR 6.40% + 1.5%, or 7.90000%. | Reviewer Comment (2025-01-22): XXXXX Seller Comment (2025-01-17): XXXXX Reviewer Comment (2024-12-04): XXXXX Seller Comment (2024-12-03): XXXXX |
01/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45445806 | 32090586 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $295,173.41 is over disclosed by $50.00 compared to the calculated Amount Financed of $295,123.41 and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated XX/XX/XX). | XXXXX disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $295,173.41 is over disclosed by $50.00 compared to the calculated Amount Financed of $295,123.41 and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated XX/XX/XX) | Reviewer Comment (2024-12-04): XXXXX Seller Comment (2024-12-03): XXXXX |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45445806 | 32090587 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $495,183.20 is under disclosed by $50.00 compared to the calculated Finance Charge of $495,233.20 which exceeds the $35.00 threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated XX/XX/XX). | The disclosed Finance Charge in the amount of $495,183.20 is under disclosed by $50.00 compared to the calculated Finance Charge of $495,233.20 which exceeds the $35.00 threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated XX/XX/XX). | Reviewer Comment (2024-12-04): XXXXX Seller Comment (2024-12-03): XXXXX |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45445806 | 32090605 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Copy of each valuation to applicant three (3) business days prior to consummation is not provided | 11/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | RI | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45445806 | 32090606 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Copy of each valuation to applicant three (3) business days prior to consummation is not provided | Reviewer Comment (2025-01-16): XXXXX Seller Comment (2025-01-16): XXXXX Reviewer Comment (2024-12-13): XXXXX Seller Comment (2024-12-13): XXXXX Reviewer Comment (2024-11-27): XXXXX Seller Comment (2024-11-26): XXXXX |
01/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45445806 | 32090607 | Compliance | Compliance | State Compliance | State Defect | Rhode Island Home Loan (Prohibited Acts and Practices Regarding High-Cost Home Loans Disclosure Not Provided) | XXXXX Home Loan: Prohibited Acts and Practices Regarding High-Cost Home Loans disclosure not provided. | Prohibited Acts and Practices Regarding High-Cost Home Loans disclosure not provided. | Reviewer Comment (2024-12-04): XXXXX Seller Comment (2024-12-03): XXXXX |
12/04/2024 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45445806 | 32090609 | Compliance | Compliance | State Compliance | State Defect | Rhode Island Home Loan (Prohibited Acts and Practices Regarding Home Loans Disclosure Not Provided) | XXXXX Home Loan: Prohibited Acts and Practices Regarding Home Loans disclosure not provided. | Prohibited Acts and Practices Regarding Home Loans disclosure not provided. | Reviewer Comment (2024-12-13): XXXXX Seller Comment (2024-12-09): XXXXX Reviewer Comment (2024-12-04): XXXXX Seller Comment (2024-12-03): XXXXX |
12/13/2024 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40095547 | 32355372 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40095547 | 32355373 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.26195% or Final Disclosure APR of 8.26400% is equal to or greater than the threshold of APOR 6.40% + 1.5%, or 7.90000%. Non-Compliant Higher Priced Mortgage Loan. | Final Disclosure APR of 8.26400% is equal to or greater than the threshold of APOR 6.40% + 1.5%, or 7.90000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-12-31): XXXXX Seller Comment (2024-12-31): XXXXX |
12/31/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40095547 | 32355374 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2024-12-30): XXXXX Seller Comment (2024-12-30): XXXXX Reviewer Comment (2024-12-27): XXXXX Seller Comment (2024-12-26): XXXXX Reviewer Comment (2024-12-20): XXXXX Seller Comment (2024-12-18): XXXXX |
12/30/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45739211 | 32075331 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | WI | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48563916 | 32066123 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41774522 | 32249822 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 11/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41774522 | 32249823 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.35541% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $7,095.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,343.49 (an overage of $751.51 or .35541%). | XXXXX Points and Fees exceed allowable threshold by $751.51 or .35541%. | 11/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41774522 | 32249827 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 1.87 is less than Guideline PITIA months reserves of 3.00. | Reviewer Comment (2024-12-23): XXXXX Seller Comment (2024-12-20): XXXXX Reviewer Comment (2024-12-18): XXXXX Reviewer Comment (2024-12-16): XXXXX Seller Comment (2024-12-12): XXXXX Reviewer Comment (2024-12-11): XXXXX Seller Comment (2024-12-11): XXXXX Reviewer Comment (2024-12-05): XXXXX Seller Comment (2024-12-04): XXXXX Reviewer Comment (2024-12-04): XXXXX Seller Comment (2024-12-03): XXXXX |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41774522 | 32249874 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
11/27/2024 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41774522 | 32249957 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. The failure is due to reserve. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-12-24): XXXXX Seller Comment (2024-12-20): XXXXX |
12/24/2024 | 1 | B | A | C | A | B | A | C | A | B | A | WA | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41774522 | 32249958 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan designation failure due to ATR failure. The failure is due to reserve. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2024-12-24): XXXXX Seller Comment (2024-12-20): XXXXX |
12/24/2024 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42065331 | 32073162 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.68507% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $42,416.52 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $22,383.12 (an overage of $20,033.40 or 2.68507%). | XXXXX Points and Fees exceed allowable threshold by $20,033.40 or 2.68507% | 11/08/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49595572 | 32334827 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance Verification, Statement, Tax Verification missing in file. | Reviewer Comment (2024-12-18): XXXXX Seller Comment (2024-12-17): XXXXX |
12/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | ID | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49595572 | 32461864 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | File is missing a CPA letter indicating withdrawal of business funds will not negatively impact the business OR verification a cash flow analysis was completed to meet XXXXX guidance. | Reviewer Comment (2024-12-20): XXXXX Seller Comment (2024-12-20): XXXXX |
12/20/2024 | 1 | A | A | A | A | A | ID | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40847989 | 32552328 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 01/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | A | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40847989 | 32552329 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 9.16807% or Final Disclosure APR of 9.22300% is equal to or greater than the threshold of APOR 6.40% + 1.5%, or 7.90000%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of 9.16807% or Final Disclosure APR of 9.22300% is equal to or greater than the threshold of APOR 6.40% + 1.5%, or 7.90000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-01-14): XXXXX Seller Comment (2025-01-10): XXXXX |
01/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40847989 | 32552330 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Seller Comment (2025-01-13): XXXXX Reviewer Comment (2025-01-13): XXXXX Seller Comment (2025-01-10): XXXXX |
01/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40847989 | 32552331 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.31982% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $15,654.38 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $14,146.28 (an overage of $1,508.10 or .31982%). | XXXXX Points and Fees exceed allowable threshold by $1,508.10 or .31982%. | 01/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40847989 | 32552335 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on XX/XX/XX, prior to three (3) business days from transaction date of XX/XX/XX 12:00:00 AM. | Loan was disbursed prior to midnight of third business day after consummation. Lender to re-open rescission, provide copy of new right to cancel form, copy of letter of explanation sent to borrower, and proof of delivery. Note: This exception will not be cleared until expiration of new rescission period. | Reviewer Comment (2025-01-17): XXXXX Seller Comment (2025-01-15): XXXXX Reviewer Comment (2025-01-14): XXXXX Seller Comment (2025-01-13): XXXXX |
01/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | B | A | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40847989 | 32628421 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___ Disaster Declaration Date: ___ |
The subject property is located a FEMA disaster area that does not have a declared end date. The appraisal was performed after the FEMA declaration start date but prior to the declared end dated. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-01-21): XXXXX Reviewer Comment (2025-01-15): XXXXX Seller Comment (2025-01-15): XXXXX |
01/21/2025 | 2 | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | A | B | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46686849 | 32067907 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-12): XXXXX Seller Comment (2024-11-12): XXXXX |
11/12/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46686849 | 32067916 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | Initial Rate Lock rate date is not documented in file. | Reviewer Comment (2024-11-12): XXXXX Seller Comment (2024-11-12): XXXXX |
11/12/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40099595 | 32035485 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 10/31/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40099595 | 32035882 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
10/31/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40099595 | 32035986 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Stamped Title Company Closing Statement Used For Fee Testing Non Material | Missing Final HUD-1: Stamped Title Company Closing Statement used for any applicable Federal, State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement. EV2 informational finding to indicate which document was used to source fees for any applicable testing. | Reviewer Comment (2024-11-07): XXXXX Seller Comment (2024-11-04): XXXXX |
11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42943585 | 32168641 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 7.04978% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $173,820.29 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $73,968.43 (an overage of $99,851.86 or 4.04978%). | XXXXX point and Fees exceed allowable threshold by $99,851.86 or 4.04978%. | 11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42943585 | 32168659 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-07-17): XXXXX |
11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42841384 | 32290395 | Credit | Credit | Credit Eligibility | Credit | Borrower has open Tradelines which are less than the minimum required by guidelines. | - Open Tradelines: ___ | Per guidelines a minimum of three (3) trade lines from traditional credit sources that reported for 24 months or more and at least one (1) of these must be open and active for the last 12 months. Co-borrower does not have any open and active tradelines within the last 12 months. Lender exception provided in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. |
SitusAMC SitusAMC |
Reviewer Comment (2024-12-03): XXXXX Reviewer Comment (2024-12-02): XXXXX |
12/03/2024 | 2 | C | B | C | B | C | B | C | B | C | B | WI | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46681745 | 32335003 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46681745 | 32335013 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 6.81890% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $111,830.00 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $29,830.00 or 1.81890%). | XXXXX Points and Fees exceed allowable threshold by $29,830.00 or 1.81890%. | 12/12/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46681745 | 32335018 | Credit | Missing Document | General | Missing Document | Missing Document: 1007 Rent Comparison Schedule not provided | 1007 Rent Comparison is missing. | Reviewer Comment (2024-12-16): XXXXX Seller Comment (2024-12-16): XXXXX |
12/16/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46681745 | 32336789 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Reviewer Comment (2024-12-18): XXXXX Seller Comment (2024-12-18): XXXXX Reviewer Comment (2024-12-17): XXXXX Seller Comment (2024-12-16): XXXXX |
12/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46681745 | 32336790 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Reviewer Comment (2024-12-18): XXXXX Seller Comment (2024-12-18): XXXXX Reviewer Comment (2024-12-17): XXXXX Seller Comment (2024-12-16): XXXXX |
12/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46681745 | 32432956 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Transaction Error: Outstanding liens were not paid at closing. | - | Final Closing Disclosure available in file is incomplete (page 3 is missing. Please provide executed copy of complete final Closing Disclosure. | Reviewer Comment (2024-12-20): XXXXX Seller Comment (2024-12-18): XXXXX |
12/20/2024 | 1 | A | A | A | A | A | TX | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45754917 | 32353345 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $700.00 exceeds tolerance of $585.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as $585.00 on Initial closing disclosure but disclosed as $700.00 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include$115.00 ,a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2024-12-11): XXXXX |
12/11/2024 | 1 | A | A | A | A | A | A | A | A | A | A | WI | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49576993 | 32271606 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Reviewer Comment (2024-12-04): XXXXX Seller Comment (2024-12-02): XXXXX |
12/04/2024 | 1 | B | A | B | A | B | A | B | A | B | A | TN | Investment | Refinance - Cash-out - Other | C | B | C | B | B | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49576993 | 32272514 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Approval is in file for Housing Payments not verified, lack of Lease Agreement to verify 5 Months of the History. Compensating factors include Minimum Reserves exceeded by 3 Months, depth of prior Housing history of 9 Years and No derogatories in the past 8 years with minimum 10 trades. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-04): XXXXX |
12/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | TN | Investment | Refinance - Cash-out - Other | C | B | C | B | B | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49837690 | 32089311 | Compliance | Compliance | State Compliance | State Defect | XXXXX Prepayment Penalty | XXXXX Prepayment Penalty: Loan contains an impermissible prepayment penalty of greater than 6 months. Prepay language states prepay will not exceed maximum permitted by applicable law. | Reviewer Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-13): XXXXX |
11/22/2024 | 2 | B | B | B | B | B | B | B | B | B | B | KS | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49837690 | 32089437 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-13): XXXXX |
11/22/2024 | 2 | C | B | C | B | C | B | C | B | C | B | KS | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49837690 | 32089438 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-13): XXXXX |
11/22/2024 | 2 | C | B | C | B | C | B | C | B | C | B | KS | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41155730 | 32066083 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41155730 | 32066120 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | HUD-1 total cash-out of ___ is greater than Guideline total cash-out of ___. | HUD-1 total cash-out of $545,528.87 is greater than Guideline total cash-out of $500,000.00 | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-11-22): XXXXX Reviewer Comment (2024-11-15): XXXXX Seller Comment (2024-11-14): XXXXX |
11/22/2024 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42198023 | 32064948 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42198023 | 32065567 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 6.55450% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $13,109.00 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $3,109.00 or 1.55450%). | XXXXX Points and Fees exceed allowable threshold by $3,109.00 or 1.55450% | 11/07/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | N/A | N/A | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48780514 | 32279554 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48780514 | 32279555 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/03/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41395893 | 32470520 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | File is missing a copy of Initial Rate Lock Date document. | Reviewer Comment (2025-01-06): XXXXX Seller Comment (2025-01-03): XXXXX Reviewer Comment (2024-12-30): XXXXX Seller Comment (2024-12-27): XXXXX |
01/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41395893 | 32496212 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Issue: Ineligible borrower | Guidelines do not allow for a loan to close in the name of an LLC when not a DSCR loan; guides follow XXXXX and under the general borrower eligibility requirements it states the borrower must be a natural person. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-01-03): XXXXX Seller Comment (2025-01-03): XXXXX |
01/03/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44692061 | 32800644 | Property | Appraisal Reconciliation | Value Discrepancy | Appraisal Reconciliation | Loan is to be securitized. Highest level secondary valuation does not support the value used to qualify. Sec ID: 7 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-03-19): XXXXX Reviewer Comment (2025-03-11): XXXXX Seller Comment (2025-03-11): XXXXX Buyer Comment (2025-02-25): XXXXX Reviewer Comment (2025-02-18): XXXXX Seller Comment (2025-02-18): XXXXX Reviewer Comment (2025-02-14): XXXXX Seller Comment (2025-02-14): XXXXX Reviewer Comment (2025-02-12): XXXXX Seller Comment (2025-02-11): XXXXX |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Investment | Refinance - Cash-out - Other | C | A | A | A | A | A | C | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44195058 | 32447265 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44195058 | 32447266 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.12805% or Final Disclosure APR of 8.17500% is equal to or greater than the threshold of APOR 6.40% + 1.5%, or 7.90000%. Non-Compliant Higher Priced Mortgage Loan. | Final Disclosure APR of **% is in excess of allowable threshold of **% or **%. | Reviewer Comment (2025-01-03): XXXXX Seller Comment (2024-12-31): XXXXX |
01/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44195058 | 32447267 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-01-02): XXXXX Seller Comment (2024-12-31): XXXXX |
01/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44195058 | 32447269 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | File is missing a copy of Initial Rate Lock Date document. | 12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44195058 | 32447270 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.59786% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,395.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,667.65 (an overage of $1,727.35 or .59786%). | XXXXX Points and Fees exceed allowable threshold by $1,727.35 or .59786%. | 12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44195058 | 32447294 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | File is missing a copy of Initial Rate Lock Date document. | Reviewer Comment (2024-12-31): XXXXX Seller Comment (2024-12-31): XXXXX |
12/31/2024 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43421786 | 32445113 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43421786 | 32445125 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43421786 | 32445143 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | File is missing a copy of Initial Rate Lock Date document. | Reviewer Comment (2024-12-31): XXXXX Seller Comment (2024-12-31): XXXXX |
12/31/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42056358 | 32259231 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.62005% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $17,950.97 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $14,876.29 (an overage of $3,074.68 or .62005%). | XXXXX Points and Fees exceed allowable threshold by $3,074.68 or .62005. | 11/29/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42056358 | 32259235 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $628.00 exceeds tolerance of $505.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as $505.00 on LE but disclosed as $628.00 on Final Closing Disclosure. File does not contain a valid COC for this fee, However evidence of cure in file in the amount of $123.00. | Reviewer Comment (2024-11-26): XXXXX |
11/26/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47078651 | 32489408 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification of appraisal was delivered to borrower was not provided | 12/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43345870 | 32824200 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MO | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43345870 | 32824202 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $15,341.31 exceeds tolerance of $15,030.00. Insufficient or no cure was provided to the borrower. | Loan Discount Points Fee was last disclosed as $15,030.00 on LE but disclosed as $15,341.31 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $311.31, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-02-17): XXXXX Seller Comment (2025-02-14): XXXXX |
02/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47941659 | 32457579 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification of appraisal was delivered to borrower was not provided | 12/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | D | B | A | A | D | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47941659 | 32457580 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | Disbursement Date Missing Test | Disbursement Date Missing: Evidence of disbursement date not found in file. Note Interest Accrual Start Date of XX/XX/XX used as disbursement date for compliance testing. | Evidence of disbursement date not found in file. Note Interest Accrual Start Date of XX/XX/XX used as disbursement date for compliance testing. | Reviewer Comment (2025-01-02): XXXXX Seller Comment (2024-12-31): XXXXX |
01/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | D | B | A | A | D | B | A | A | N/A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47941659 | 32457582 | Compliance | Compliance | Federal Compliance | TRID Defect | Missing Closing Disclosure: No Document Used For Fee Testing | Missing Final Closing Disclosure. No document containing fees provided. Any applicable Federal, State or Local compliance testing is unreliable. | The file is missing copy of CD & LE's | Reviewer Comment (2025-01-03): XXXXX Seller Comment (2024-12-31): XXXXX |
01/03/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Purchase | D | B | A | A | D | B | A | A | N/A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47941659 | 32566759 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 8.15857% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $42,832.50 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $16,582.50 or 3.15857%). | XXXXX Points and Fees exceed allowable threshold by $16,582.50 or 3.15857%. | 01/03/2025 | 2 | B | B | B | B | B | FL | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | A | A | D | B | A | A | N/A | N/A | Yes | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45249966 | 32373777 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.82695% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $41,274.43 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $32,355.61 (an overage of $8,918.82 or .82695%). | XXXXX Points and Fees exceed allowable threshold by $8,918.82 or .82695%. | 12/17/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45249966 | 32374759 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated Available for Reserves of 8.85 is less than Guideline Available for Reserves of 9 months | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-01-22): XXXXX |
01/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MI | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45249966 | 32374765 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-01-22): XXXXX |
01/22/2025 | 1 | B | A | C | A | B | A | C | A | B | A | MI | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45249966 | 32374766 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient reserves. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-01-22): XXXXX |
01/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49900837 | 32446768 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49900837 | 32447281 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Un-Stamped Title Company Closing Statement Used For Fee Testing Non Material | Missing Final HUD-1: UnStamped Title Company Closing Statement used for any applicable Federal, State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement. EV2 informational finding to indicate which document was used to source fees for any applicable testing. | Reviewer Comment (2025-01-02): XXXXX Seller Comment (2024-12-31): XXXXX |
01/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49900837 | 32447334 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated Available for Reserves of 0.00 is less than Guideline Available for Reserves of 3 months. | Reviewer Comment (2025-01-14): XXXXX Seller Comment (2025-01-13): XXXXX Reviewer Comment (2025-01-13): XXXXX Seller Comment (2025-01-10): XXXXX Reviewer Comment (2025-01-06): XXXXX Seller Comment (2025-01-03): XXXXX Reviewer Comment (2025-01-03): XXXXX Seller Comment (2025-01-02): XXXXX |
01/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49900837 | 32447354 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Verified liquid assets in the amount of $0.00 are insufficient to meet cash to close of $166,467.85. Final 1008 doesn't reflect total amount verified. Additional documentation needed for the use of business funds. | Reviewer Comment (2025-01-14): XXXXX Seller Comment (2025-01-13): XXXXX Reviewer Comment (2025-01-13): XXXXX Seller Comment (2025-01-10): XXXXX Reviewer Comment (2025-01-06): XXXXX Seller Comment (2025-01-03): XXXXX |
01/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49900837 | 32447359 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | File is missing a CPA letter indicating withdrawal of business funds will not negatively impact the business OR verification a cash flow analysis was completed to meet XXXXX guidance. | Reviewer Comment (2025-01-14): XXXXX Seller Comment (2025-01-13): XXXXX Reviewer Comment (2025-01-13): XXXXX Seller Comment (2025-01-10): XXXXX Reviewer Comment (2025-01-06): XXXXX Seller Comment (2025-01-03): XXXXX |
01/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48621240 | 32809664 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48621240 | 32809665 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.80653% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $9,870.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,160.37 (an overage of $3,709.63 or 1.80653%). | XXXXX Points and Fees exceed allowable threshold by $3,709.63 or 1.80653%. | 02/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48621240 | 32809677 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file was missing a copy of the final title policy. | Reviewer Comment (2025-02-14): XXXXX |
02/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NC | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48621240 | 32809680 | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The file was missing a copy of the final title policy. | Reviewer Comment (2025-02-14): XXXXX Seller Comment (2025-02-14): XXXXX |
02/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46295433 | 32468822 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44022630 | 32428162 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Qualification Method not Matching ATR | Ability to Repay (Dodd-Frank XXXXX): The Qualification Method used by the lender does not match the ATR payment calculation methods under 1026.43(c)(5). | Reviewer Comment (2024-12-23): XXXXX |
12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42026840 | 32511248 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $35,388.00. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-01-10): XXXXX Seller Comment (2025-01-10): XXXXX |
01/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48993035 | 32594315 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
01/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42976637 | 32637598 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
01/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46003395 | 32493033 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | WI | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46003395 | 32586422 | Credit | Asset | Asset Documentation | Asset | Assets Error: Accounts are missing | Provide the most recent statement for the borrowers XXXXX retirement account listed on the file 1003 with a balance of $41,670.99. | Reviewer Comment (2025-01-08): XXXXX Seller Comment (2025-01-07): XXXXX |
01/08/2025 | 1 | A | A | A | A | A | WI | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46850591 | 32440172 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $91,375. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2024-12-27): XXXXX Seller Comment (2024-12-26): XXXXX |
12/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41170250 | 32770531 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 6.24788% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $41,336.00 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $8,256.00 or 1.24788%). | XXXXX Points and Fees exceed allowable threshold by $8,256.00 or 1.24788%. | 02/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41170250 | 32770796 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 5.80 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2025-02-18): XXXXX Seller Comment (2025-02-18): XXXXX Reviewer Comment (2025-02-13): XXXXX Seller Comment (2025-02-12): XXXXX Reviewer Comment (2025-02-10): XXXXX Seller Comment (2025-02-09): XXXXX |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41610841 | 32470840 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower 3 business days prior to closing was not provided. | 12/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41610841 | 32471649 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
12/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49698615 | 32519296 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $140.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $140.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-31): XXXXX |
12/31/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46395289 | 32592681 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
01/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43497710 | 32447328 | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | Reviewer Comment (2025-01-08): XXXXX Seller Comment (2025-01-02): XXXXX |
01/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | A | A | B | B | C | A | N/A | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43497710 | 32447343 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/23/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | A | A | B | B | C | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49166798 | 32320859 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
12/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49166798 | 32349122 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Funds from a business account (if the Borrower is the sole owner (or other owner is non-borrowing spouse) of the company and the company's CPA provides a statement indicating withdrawal of the funds will not negatively impact the business OR meet XXXXX guidance for cash flow analysis) XXXXX be used for down payment and reserves. File does not contain the required documentation | Reviewer Comment (2024-12-19): XXXXX Seller Comment (2024-12-18): XXXXX Reviewer Comment (2024-12-12): XXXXX |
12/19/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49166798 | 32349126 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Funds from a business account (if the Borrower is the sole owner (or other owner is non-borrowing spouse) of the company and the company's CPA provides a statement indicating withdrawal of the funds will not negatively impact the business OR meet XXXXX guidance for cash flow analysis) XXXXX be used for down payment and reserves. File does not contain the required documentation | Reviewer Comment (2024-12-20): XXXXX |
12/20/2024 | 1 | B | A | C | A | B | A | C | A | B | A | NJ | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49166798 | 32349127 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Funds from a business account (if the Borrower is the sole owner (or other owner is non-borrowing spouse) of the company and the company's CPA provides a statement indicating withdrawal of the funds will not negatively impact the business OR meet XXXXX guidance for cash flow analysis) XXXXX be used for down payment and reserves. File does not contain the required documentation | Reviewer Comment (2024-12-20): XXXXX |
12/20/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Purchase | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47932172 | 32491184 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 7.00433% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $53,845.81 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $15,408.31 or 2.00433%). | XXXXX Points and Fees exceed allowable threshold by $15,408.31 or 2.00433%. | 12/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48344090 | 32301303 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-06): XXXXX |
12/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48344090 | 32303935 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Calculated loan to value percentage of 74.86034% exceeds Guideline loan to value percentage of 65.00000% for a DSCR loan under 1%. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2024-12-10): XXXXX |
12/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48344090 | 32303936 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Calculated loan to value percentage of 74.86034% exceeds Guideline loan to value percentage of 65.00000% for a DSCR loan under 1%. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2024-12-10): XXXXX Seller Comment (2024-12-10): XXXXX |
12/10/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43045271 | 32281229 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $31,551.20. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2024-12-11): XXXXX Seller Comment (2024-12-10): XXXXX Reviewer Comment (2024-12-05): XXXXX Seller Comment (2024-12-04): XXXXX |
12/11/2024 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49225617 | 32312405 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 6.68292% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $31,003.40 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $7,807.40 or 1.68292%). | XXXXX Points and Fees threshold exceeded by an average of $7,807.40 or 1.68292% | 12/09/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43294398 | 32300365 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
12/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43926030 | 32418548 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 6.59521% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $12,399.00 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $2,999.00 or 1.59521%). | XXXXX Points and Fees exceed allowable threshold by $3,162.56 or 1.68221%. | 12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44905849 | 32355260 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided | 12/13/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44905849 | 32355262 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $5,270.00 exceeds tolerance of $5,015.00. Sufficient or excess cure was provided to the borrower at Closing. | Transfer Tax was last disclosed as $5,015.00 on LE but disclosed as $5,270.00 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-11): XXXXX |
12/11/2024 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40589962 | 32585757 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Issue: Ineligible borrower | Guidelines do not allow for a loan to close in the name of an LLC; guides follow XXXXX and under the general borrower eligibility requirements it states the borrower must be a natural person. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-01-14): XXXXX Reviewer Comment (2025-01-10): XXXXX Seller Comment (2025-01-10): XXXXX |
01/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | OH | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40589962 | 32587024 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Final 1003 missing Employment and Income. Please provide an updated final 1003. | Reviewer Comment (2025-01-10): XXXXX Seller Comment (2025-01-10): XXXXX |
01/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48062902 | 32626431 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
01/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42263660 | 32593817 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 01/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42263660 | 32602506 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Issue: Ineligible borrower | Guidelines do not allow for a loan to close in the name of an LLC; guides follow XXXXX and under the general borrower eligibility requirements it states the borrower must be a natural person. Lender exception provided. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-01-14): XXXXX Reviewer Comment (2025-01-13): XXXXX Seller Comment (2025-01-13): XXXXX Reviewer Comment (2025-01-09): XXXXX |
01/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | OH | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47961758 | 32321724 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/10/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40994784 | 32538816 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-01-09): XXXXX Seller Comment (2025-01-08): XXXXX |
01/09/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CO | Investment | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47153855 | 32248999 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Payoff Statement Missing | Missing Payoff Statement: Unable to determine if a prepayment penalty was included in the pay-off which XXXXX impact high cost findings. | Reviewer Comment (2024-09-06): XXXXX Buyer Comment (2024-09-04): XXXXX |
09/06/2024 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Rate/Term | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47153855 | 32249001 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $142.00 exceeds tolerance of $100.00. Sufficient or excess cure was provided to the borrower. | TRID Zero Percent Tolerance Violation With Sufficient Cure provided. | Reviewer Comment (2024-08-29): XXXXX |
08/29/2024 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | B | A | A | A | B | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43405942 | 32570769 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.74658% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $9,357.03 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,492.45 (an overage of $1,864.58 or .74658%). | XXXXX Points and Fees exceed allowable threshold by $1,864.58 or .74658%. | 01/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49478467 | 32431709 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 8.44075% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $98,113.75 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $34,871.44 (an overage of $63,242.31 or 5.44075%). | XXXXX Points and Fees exceed allowable threshold by $63,242.31 or 5.44075%. | 12/19/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49478467 | 32431712 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $957.20 exceeds tolerance of $510.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-17): XXXXX |
12/17/2024 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45889939 | 32468133 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45889939 | 32468160 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
12/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45889939 | 32496263 | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | Guides state If the Borrower previously paid rent for their residence, then the Borrower's rental housing payment history is required. Payments must be documented via an institutional Verification of Rent (VOR)/ credit supplement, or cancelled checks/bank records. A VOR from an individual or a private party landlord does not meet the requirement of verifying the Borrower's prior housing payment history. File is missing required documentation. |
Reviewer Comment (2024-12-31): XXXXX Seller Comment (2024-12-30): XXXXX |
12/31/2024 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47435345 | 32511120 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Issue: Ineligible borrower | Guidelines do not allow for a loan to close in the name of an LLC; guides follow XXXXX and under the general borrower eligibility requirements it states the borrower must be a natural person. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower has been employed in the same industry for more than 5 years. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-01-07): XXXXX Reviewer Comment (2025-01-06): XXXXX Seller Comment (2025-01-06): XXXXX Reviewer Comment (2025-01-02): XXXXX |
01/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NJ | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47435345 | 32511178 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.12552% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $31,532.20 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $772.20 or .12552%). | XXXXX Points and Fees exceed allowable threshold by $772.20 or .12552%. | 01/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | N/A | N/A | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48212422 | 32749269 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48212422 | 32749270 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Stamped Title Company Closing Statement Used For Fee Testing Non Material | Missing Final HUD-1: Stamped Title Company Closing Statement used for any applicable Federal, State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement. EV2 informational finding to indicate which document was used to source fees for any applicable testing. | Final HUD -1 is missing. | Reviewer Comment (2025-02-12): XXXXX Seller Comment (2025-02-07): XXXXX |
02/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48212422 | 32749335 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | CPA letter indicating withdrawal of the funds will not negatively impact the business is missing. | Reviewer Comment (2025-02-13): XXXXX Seller Comment (2025-02-12): XXXXX |
02/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48212422 | 32749336 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Evidence of Access to Funds is missing. | Reviewer Comment (2025-02-13): XXXXX Seller Comment (2025-02-12): XXXXX |
02/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48212422 | 32749400 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | Initial Rate Lock date is missing. | Reviewer Comment (2025-02-07): XXXXX Seller Comment (2025-02-07): XXXXX |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48212422 | 32749482 | Credit | Missing Document | General | Missing Document | Missing Document: Condo/PUD Warranty not provided | Condo/PUD Warranty is missing. | Reviewer Comment (2025-02-07): XXXXX Seller Comment (2025-02-07): XXXXX |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48212422 | 32749483 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Condo/PUD Warranty | Reviewer Comment (2025-02-07): XXXXX Seller Comment (2025-02-07): XXXXX |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48212422 | 32749566 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2025-02-12): XXXXX Seller Comment (2025-02-11): XXXXX |
02/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48212422 | 32749571 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Verified liquid assets in the amount of $0 are insufficient to meet cash to close of $1999.86. | Reviewer Comment (2025-02-12): XXXXX Seller Comment (2025-02-11): XXXXX |
02/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41673657 | 32510006 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-01-21): XXXXX Seller Comment (2025-01-21): XXXXX Reviewer Comment (2025-01-10): XXXXX Seller Comment (2025-01-10): XXXXX |
01/21/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NY | Primary | Purchase | D | B | A | A | A | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41673657 | 32676425 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 01/21/2025 | 2 | B | B | B | B | B | NY | Primary | Purchase | D | B | A | A | A | B | D | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45022291 | 32460037 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.08393% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,597.06 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $11,281.43 (an overage of $315.63 or .08393%). | XXXXX Points and Fees exceed allowable threshold by $315.63 or .08393%. | 12/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | C | A | D | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45022291 | 32460038 | Compliance | Compliance | Federal Compliance | Compliance | Closing Disclosure Estimated Values | Final Closing Disclosure used for fees provided on XX/XX/XX contains estimated values that XXXXX not represent final terms or closing costs to the borrower. Estimated Closing Disclosure used for any applicable Federal, State or Local compliance testing. If documented evidence is provided that estimate was for repair/construction costs or tax/insurance escrows ONLY (no holdback service fees or other estimated fees), then Estimated Closing Disclosure exception XXXXX be cleared. | Final Closing Disclosure used for fees provided on XX/XX/XX contains estimated values that XXXXX not represent final terms or closing costs to the borrower. Estimated Closing Disclosure used for any applicable Federal, State or Local compliance testing. If documented evidence is provided that estimate was for repair/construction costs or tax/insurance escrows ONLY (no holdback service fees or other estimated fees), then Estimated Closing Disclosure exception XXXXX be cleared. (Post-Close/XX/XX/XX) | Reviewer Comment (2025-01-13): XXXXX Seller Comment (2025-01-09): XXXXX |
01/13/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Primary | Purchase | D | B | C | A | D | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45022291 | 32460041 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow - Monthly Escrow Payment Overdisclosed Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. | Final Closing Disclosure provided on XX/XX/XX disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. | Reviewer Comment (2024-12-20): XXXXX |
12/20/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error and Corrected CD | D | B | C | A | D | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45022291 | 32460095 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Account Statements - Business is missing for XX/XX/XX-XX/XX/XX. | Reviewer Comment (2025-01-02): XXXXX Seller Comment (2024-12-31): XXXXX Reviewer Comment (2024-12-30): XXXXX Seller Comment (2024-12-30): XXXXX |
01/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | D | B | C | A | D | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45022291 | 32460100 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Business account statement is missing for XX/XX/XX-XX/XX/XX. | Reviewer Comment (2025-01-02): XXXXX Seller Comment (2024-12-31): XXXXX Reviewer Comment (2024-12-30): XXXXX Seller Comment (2024-12-30): XXXXX |
01/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | D | B | C | A | D | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45022291 | 32461468 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $597.70 exceeds tolerance of $595.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2024-12-20): XXXXX |
12/20/2024 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | D | B | C | A | D | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43572430 | 32743766 | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-02-07): XXXXX Seller Comment (2025-02-07): XXXXX |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43672452 | 32456974 | Compliance | Compliance | Federal Compliance | TRID | TRID Lender Credit Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $0.00 exceeds tolerance of $-462.00. Sufficient or excess cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $0.00 exceeds tolerance of $-462.00. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2024-12-20): XXXXX |
12/20/2024 | 1 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49831179 | 32895616 | Credit | Guideline | Guideline Issue | Guideline | Funds From Business Account used, and borrower owns less than 100% of business. | Per guidelines funds from a business account (if the Borrower is the sole owner (or other owner is non-borrowing spouse) of the company can be used for down payment and reserves. Per operating agreement in file the borrower is 33.3% owner. Lender exception provided in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2025-02-25): XXXXX Reviewer Comment (2025-02-19): XXXXX |
02/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49831179 | 32895678 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Missing Note Addendum- Prepayment. | Reviewer Comment (2025-02-26): XXXXX Seller Comment (2025-02-26): XXXXX |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | Yes | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44689186 | 32732879 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | Security instrument - Subject lien not provided. | Reviewer Comment (2025-02-13): XXXXX |
02/13/2025 | 1 | D | A | D | A | D | A | D | A | D | A | AZ | Second Home | Refinance - Rate/Term | D | A | D | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40520631 | 32519406 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 01/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40520631 | 32519407 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 10.56179% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $22,391.00 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $11,791.00 or 5.56179%). | XXXXX Points and Fees exceed allowable threshold by $11,791.00 or 5.56179%. | 01/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47043553 | 32517708 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | File does not have Rate Lock document in file. | Reviewer Comment (2025-01-02): XXXXX Seller Comment (2024-12-31): XXXXX |
01/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47043553 | 32519900 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/31/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45870830 | 32461099 | Compliance | Compliance | State Compliance | State Defect | XXXXX SB270 Prepayment Penalty Test XXXXX Investment Test | XXXXX SB270: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | XXXXX SB270: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Reviewer Comment (2025-01-02): XXXXX Reviewer Comment (2024-12-30): XXXXX Seller Comment (2024-12-26): XXXXX |
01/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42097688 | 32460349 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 9.72374% or Final Disclosure APR of 9.72600% is equal to or greater than the threshold of APOR 6.40% + 1.5%, or 7.90000%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of 9.72374% or Final Disclosure APR of 9.72600% is equal to or greater than the threshold of APOR 6.40% + 1.5%, or 7.90000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-01-09): XXXXX Reviewer Comment (2024-12-31): XXXXX Seller Comment (2024-12-26): XXXXX |
01/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42097688 | 32460350 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Flipped Property - Did Not Obtain 2 Appraisals) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Flipped Property - Creditor did not obtain two (2) written appraisals. | Flipped Property - Creditor did not obtain two (2) written appraisals. | Reviewer Comment (2025-01-09): XXXXX Seller Comment (2025-01-03): XXXXX Reviewer Comment (2024-12-31): XXXXX Seller Comment (2024-12-30): XXXXX |
01/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42097688 | 32460351 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.52352% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $22,740.06 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $19,361.39 (an overage of $3,378.67 or .52352%). | XXXXX Points and Fees exceed allowable threshold by $3,378.67 or .52352%. | 12/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42097688 | 32460396 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
12/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41860626 | 32780057 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.40702% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $17,212.75 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $15,156.44 (an overage of $2,056.31 or .40702%). | XXXXX Points and Fees exceed allowable threshold by $2,056.31 or .40702%. | 02/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41860626 | 32784694 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $735.50 exceeds tolerance of $250.00 plus 10% or $275.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-04): XXXXX |
02/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41860626 | 32784695 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-04): XXXXX |
02/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48621355 | 32703909 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $320.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Review Fee was not disclosed on LE but disclosed as $320.00 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-24): XXXXX |
01/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | VT | Second Home | Refinance - Rate/Term | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48621355 | 32704053 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Reviewer Comment (2025-02-06): XXXXX Reviewer Comment (2025-01-30): XXXXX Seller Comment (2025-01-29): XXXXX |
02/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VT | Second Home | Refinance - Rate/Term | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40075053 | 32570401 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
01/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40075053 | 32598301 | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | Guides require the Borrower's previous housing payment history is required. The file must contain verification of the Borrower's 12 month payment history on the primary residence, and any mortgage loans on a Second/Vacation Home or Investment Property. For all occupancies, no mortgage payment, including subordinate liens, XXXXX be (to date of loan application) 90 or more days past due in the last 12 months (XXXX). The 1003 in file indicates the borrower has lived at primary address for at least two years and mortgage was not noted. Review is unable to determine if mortgage payment history | Reviewer Comment (2025-01-13): XXXXX Seller Comment (2025-01-10): XXXXX |
01/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40763115 | 32613065 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 01/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46880512 | 32459392 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/24/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46880512 | 32481625 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-31): XXXXX |
12/31/2024 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42965318 | 32672275 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (Notice to Assignee) | Truth in Lending Act (HOEPA): Required Statement was not provided to purchaser or assignee for loan that was sold or assigned. (Note: This notice only applies when selling or assigning a HOEPA loan and XXXXX not be found in the file for loans that have not been previously sold) | HOEPA Assignment Notice is not located in file. | Reviewer Comment (2025-03-12): XXXXX |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42965318 | 32672276 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | Total Fees financed by lender exceed permitted threshold. HOEPA Disclosure is not located in file. | Reviewer Comment (2025-03-12): XXXXX Reviewer Comment (2025-01-31): XXXXX |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42965318 | 32672277 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees) | Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees. | Total fees financed by lender is $9,558.73. Threshold maximum is $8,727.55. Lender HOEPA threshold calculation, per compliance report, did not reduce fees from Finance Charge as required resulting in false higher threshold calculation. | Reviewer Comment (2025-03-12): XXXXX Seller Comment (2025-03-08): XXXXX |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42965318 | 32672278 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) | Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of 4% of the amount past due or grace period of less than 15 days. | Total fees financed by lender exceed permitted threshold. Late charge exceeds max of 4% of amount past due and/or grace period of 15 days. | Reviewer Comment (2025-03-12): XXXXX |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42965318 | 32672279 | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of 5.24702% is in excess of the allowable maximum of 5.00000% of the Federal Total Loan Amount. Points and Fees of $9,158.73 on a Federal Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $431.18 or .24702%). Non-Compliant High Cost Loan. | Total fees financed by lender is $9,558.73 Threshold maximum is $8,727.55. | Reviewer Comment (2025-03-12): XXXXX Seller Comment (2025-03-08): XXXXX |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42965318 | 32672280 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | Total fees financed by lender exceed permitted threshold. Pre-Loan Counseling status if not located in file. | Reviewer Comment (2025-03-12): XXXXX |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42965318 | 32672281 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.24702% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $9,158.73 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $5,236.53 (an overage of $3,922.20 or 2.24702%). | XXXXX Points and Fees exceed allowable threshold by $4,322.20 or 2.47618%. | 01/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45001052 | 32602520 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank XXXXX): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Evidence XXXXX was provided to borrower was not in file. | Reviewer Comment (2025-01-16): XXXXX |
01/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45001052 | 32602521 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Appraisal delivery email is dated after loan closed. | 01/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45001052 | 32602522 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 10.06918% or Final Disclosure APR of 10.10700% is equal to or greater than the threshold of APOR 6.63% + 2.5%, or 9.13000%. Non-Compliant Higher Priced Mortgage Loan. | Final Disclosure APR of 10.10700% is equal to or greater than the threshold of APOR 6.63% + 2.5%, or 9.13000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-01-21): XXXXX Reviewer Comment (2025-01-17): XXXXX Seller Comment (2025-01-15): XXXXX |
01/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45001052 | 32602523 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | HPML requires a copy of all appraisals be provided to borrower no less than three days prior to closing and cannot be waived. File contains evidence the second appraisal was not provided to borrower until XX/XX/XX, post-closing. | Reviewer Comment (2025-01-16): XXXXX Seller Comment (2025-01-15): XXXXX |
01/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45001052 | 32602554 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___ Disaster Declaration Date: ___ |
The subject property is located in a FEMA disaster area that does not have a declared end date. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos, and the property must be inspected. | Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-01-21): XXXXX Reviewer Comment (2025-01-16): XXXXX Seller Comment (2025-01-16): XXXXX |
01/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42126598 | 32549169 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.10204% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $6,147.43 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $4,495.88 (an overage of $1,651.55 or 1.10204%). | Points and Fees on subject loan of 4.10204% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $6,147.43 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $4,495.88 | 01/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SD | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42126598 | 32549172 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-03): XXXXX |
01/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | SD | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48613642 | 32497360 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/31/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48613642 | 32497361 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/31/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48613642 | 32497365 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
12/31/2024 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44413981 | 32498945 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/31/2024 | 2 | B | B | B | B | B | B | B | B | B | B | ME | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46962052 | 32519681 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 01/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48395117 | 32951779 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Missing Note Addendum - Prepayment. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | Yes | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48395117 | 32951789 | Credit | Property - Appraisal | Property Eligibility - Site and Utilities | Property - Appraisal | XXXXX Water Contamination: Property is located in XXXXX and could be subject to contaminated water. Files does not contain evidence that water supply is serviced by a non-municipal water source (well water supply), or evidence from an independent water quality analysis that confirms that water is free of all known environmental and safety hazards | Reviewer Comment (2025-03-11): XXXXX Reviewer Comment (2025-03-05): XXXXX Seller Comment (2025-03-05): XXXXX |
03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45566232 | 32493250 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $96,000.00. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-01-10): XXXXX Seller Comment (2025-01-10): XXXXX |
01/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45566232 | 32493929 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
12/30/2024 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48756903 | 32541888 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $750.00 exceeds tolerance of $550.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-02): XXXXX |
01/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44048183 | 32779879 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44048183 | 32780462 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender Exception is present approving DSCR under 1. Compensating factors include Down Payment, Cash Reserves, Stable Employment and owns the Primary Residence. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-02-11): XXXXX Reviewer Comment (2025-02-07): XXXXX Seller Comment (2025-02-07): XXXXX |
02/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | UT | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44048183 | 32780463 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Lender Exception is present approving DSCR under 1. Compensating factors include Down Payment, Cash Reserves, Stable Employment and owns the Primary Residence. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-02-11): XXXXX Reviewer Comment (2025-02-07): XXXXX Seller Comment (2025-02-07): XXXXX |
02/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | UT | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44048183 | 32803181 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $0.00 is less than Cash From Borrower $121,292.70. | Reviewer Comment (2025-02-12): XXXXX Reviewer Comment (2025-02-07): XXXXX Seller Comment (2025-02-07): XXXXX |
02/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44048183 | 32803214 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | There is no documentation in file verifying the source of the $121,500 opening deposit for the checking account ending in XXXXX. | Reviewer Comment (2025-02-12): XXXXX Reviewer Comment (2025-02-07): XXXXX Seller Comment (2025-02-07): XXXXX |
02/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47210951 | 32979926 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47210951 | 32980913 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $7,121.00 exceeds tolerance of $6,323.00 plus 10% or $6,955.30. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-05): XXXXX |
03/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47210951 | 32980930 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception approving Subject Property being vested Borrowers LLC as at Application date. Compensating factors include Residual income o 4111,545.15, LTV is 58.33% and additional 2 Months of Reserves. | Borrower has been employed in the same industry for more than 5 years. Borrower has owned the subject property for at least 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-11): XXXXX Seller Comment (2025-03-11): XXXXX |
03/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47062778 | 32722292 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.52839% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $12,180.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $10,356.00 (an overage of $1,824.00 or .52839%). | XXXXX Points and Fees exceed allowable threshold by $1,824.00 or .52839% | 01/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42641929 | 32628376 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 01/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42641929 | 32628377 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.58447% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $17,022.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $11,139.24 (an overage of $5,883.26 or 1.58447%). | XXXXX Points and Fees exceed allowable threshold by $5,883.26 or 1.58447%. | 01/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42925964 | 32824048 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | KY | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40756370 | 32548053 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 01/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43215782 | 32539078 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | 01/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43215782 | 32617807 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Estimated HUD-1 Used For Fee Testing Material | Missing Final HUD-1: Estimated HUD-1 used for any applicable Federal, State or Local compliance testing. | Reviewer Comment (2025-01-15): XXXXX Seller Comment (2025-01-13): XXXXX |
01/15/2025 | 1 | A | A | A | A | A | IL | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41170888 | 33302519 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48300487 | 32704253 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 01/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43174987 | 33277255 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43174987 | 33279571 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception approving Borrower. owing more than 20 Financed Properties. Compensating factors re FICO of 704, DSCR's are 1.5 and above and Borrower has history of owning other Investment Properties. | Borrower has owned the subject property for at least 5 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
SitusAMC SitusAMC |
Reviewer Comment (2025-04-22): XXXXX Seller Comment (2025-04-18): XXXXX |
04/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49481652 | 32635701 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 01/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49481652 | 32635702 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 01/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45076767 | 32848594 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
02/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41452117 | 32851014 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
02/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49011947 | 32673708 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 01/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43501648 | 32770337 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49574538 | 32749775 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of $25.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Title - Endorsement Fee. Fee Amount of $25.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-19): XXXXX Seller Comment (2025-02-18): XXXXX Reviewer Comment (2025-02-12): XXXXX Seller Comment (2025-02-11): XXXXX Reviewer Comment (2025-02-10): XXXXX Seller Comment (2025-02-07): XXXXX |
02/19/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49574538 | 32781438 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.34250% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $12,652.24 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,104.67 (an overage of $5,547.57 or 2.34250%). | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.34250% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $12,652.24 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,104.67 (an overage of $5,547.57 or 2.34250%). | 02/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46824905 | 32811589 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Borrowers who have lived in a rent free situation are ineligible. Per LOE in file borrower has been living rent free for the past 4 years. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2025-02-18): XXXXX Reviewer Comment (2025-02-14): XXXXX Seller Comment (2025-02-12): XXXXX |
02/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | OH | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46234118 | 33156976 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Subject was listed for sale within 6 months of application date. Lender exception provided in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): XXXXX Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-04): XXXXX Reviewer Comment (2025-04-01): XXXXX |
04/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41178083 | 32651821 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 01/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | LA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49535386 | 32634580 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
01/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47441140 | 32810739 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43223520 | 32696223 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $4,288.00. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Borrower has owned the subject property for at least 5 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): XXXXX Buyer Comment (2025-04-03): XXXXX Seller Comment (2025-04-03): XXXXX |
04/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49236537 | 32683594 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 01/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OR | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49236537 | 32703874 | Credit | Guideline | Guideline Issue | Guideline | Maximum financed properties allowable per borrower is 10. | Borrower owns 11 financed properties which exceeds the guidelines maximum of 10. | Reviewer Comment (2025-02-04): XXXXX Reviewer Comment (2025-01-29): XXXXX Seller Comment (2025-01-28): XXXXX Reviewer Comment (2025-01-28): XXXXX Seller Comment (2025-01-27): XXXXX |
02/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44627021 | 32714014 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $59.00 exceeds tolerance of $25.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $59.00 exceeds tolerance of $25.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-27): XXXXX |
01/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44627021 | 32714015 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Fee. Fee Amount of $100.00 exceeds tolerance of $75.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Verification Fee. Fee Amount of $100.00 exceeds tolerance of $75.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-27): XXXXX |
01/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49872580 | 32957887 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44225384 | 32694288 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.92510% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,455.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,755.18 (an overage of $2,699.82 or .92510%). | XXXXX Points and Fees exceed allowable threshold by $2,699.82 or .92510%. | 01/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44225384 | 32694291 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $92.00. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal Fee was last disclosed as $92 on LE but disclosed as $92.70 on Final Closing Disclosure. File does not contain a valid COC for this fee, However evidence of cure in file in the amount of $92.70. | Reviewer Comment (2025-01-23): XXXXX |
01/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44225384 | 32694344 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Policy coverage is less than Original Loan Amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
01/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47325718 | 32692707 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.35348% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $19,352.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $17,312.15 (an overage of $2,039.85 or .35348%). | XXXXX Points and Fees exceed allowable threshold by $2,039.85 or .35348%. | 01/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44753449 | 32723211 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___ Disaster Declaration Date: ___ |
The subject property is located in a FEMA disaster area that does not have a declared end date. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be inspected. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-02-11): XXXXX Seller Comment (2025-02-11): XXXXX |
02/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47303763 | 32664936 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.26972% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $9,854.94 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,924.29 (an overage of $2,930.65 or 1.26972%). | XXXXX Points and Fees exceed allowable threshold by $2,930.65 or 1.26972% | 01/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NH | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47303763 | 32664940 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Property Inspection Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-17): XXXXX |
01/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NH | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44492829 | 32933115 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | - | 1004D provided states the repairs were not completed. Provide a final inspection completed by a licensed appraiser verifying the repairs were completed. | Reviewer Comment (2025-03-11): XXXXX Reviewer Comment (2025-03-06): XXXXX Seller Comment (2025-03-05): XXXXX Reviewer Comment (2025-03-04): XXXXX Seller Comment (2025-03-04): XXXXX |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | C | A | A | A | A | A | C | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40324455 | 32963576 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage statement is missing for XXXXX. | Reviewer Comment (2025-03-14): XXXXX |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | C | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40324455 | 32963620 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | - | Appraisal / Valuation Report Date: XX/XX/XX: Appraisal was made subject to and 442 is not in images. | Reviewer Comment (2025-03-14): XXXXX |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | C | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45841688 | 33130104 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45841688 | 33130396 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | The file is missing a copy of rate lock | Reviewer Comment (2025-04-02): XXXXX Seller Comment (2025-04-01): XXXXX |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43726901 | 32835031 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | N/A | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44069806 | 32705665 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.54727% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $26,861.69 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $17,721.64 (an overage of $9,140.05 or 1.54727%). | XXXXX Points and Fees exceed allowable threshold by $9,140.05 or 1.54727%. | 01/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44069806 | 32705667 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-24): XXXXX |
01/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44069806 | 32705668 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $132.81 exceeds tolerance of $120.00. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee Amount of $132.81 exceeds tolerance of $120.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-01-24): XXXXX |
01/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41113790 | 32941441 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45781919 | 32818120 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 6.04678% is in excess of the investor allowable maximum of the greater of .00000% of the Federal Total Loan Amount and $4045.00 (XXXXX). Points and Fees total $7,043.58 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $4,045.00 and $4045.00 (XXXXX) (an overage of $2,998.58 or 6.04678%). | XXXXX Points and Fees exceed allowable threshold by $2,998.58 or 6.04678%. | 02/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45781919 | 32818136 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-10): XXXXX |
02/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40142318 | 32671068 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 01/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44530292 | 32692969 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification of appraisal was delivered to borrower was not provided | 01/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44530292 | 32694053 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception is in the file approving for Accessory unit requirements or Appraisal with only one Comparable property with an ADU. Compensating factors include FICO of 715, additional 21 Months Reserves and a history of owning multiple investment Properties. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. |
SitusAMC SitusAMC |
Reviewer Comment (2025-01-28): XXXXX |
01/28/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43444178 | 32768855 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45527796 | 32743269 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45527796 | 32743270 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status | 02/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45527796 | 32743271 | Compliance | Compliance | City / Local Compliance | State Defect | (City High Cost) Chicago Threshold Loan (Points and Fees) | City of XXXXX Anti-Predatory Lending Ordinance: Points and Fees on subject loan of 5.35161% is in excess of the allowable maximum of 5.00000% of the City Total Loan Amount. Points and Fees total $9,663.10 on a City Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $634.89 or .35161%). Compliant High Cost Loan. | Points and Fees on subject loan of 5.35161% is in excess of the allowable maximum of 5.00000% of the City Total Loan Amount. Points and Fees total $9,663.10 on a City Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $634.89 or .35161%). Compliant High Cost Loan. | Reviewer Comment (2025-03-13): XXXXX Seller Comment (2025-03-11): XXXXX Reviewer Comment (2025-03-11): XXXXX Seller Comment (2025-03-10): XXXXX Reviewer Comment (2025-03-10): XXXXX Seller Comment (2025-03-07): XXXXX Buyer Comment (2025-03-04): XXXXX Reviewer Comment (2025-03-03): XXXXX Seller Comment (2025-02-28): XXXXX Reviewer Comment (2025-02-26): XXXXX Seller Comment (2025-02-26): XXXXX Buyer Comment (2025-02-18): XXXXX Seller Comment (2025-02-17): XXXXX Buyer Comment (2025-02-11): XXXXX Seller Comment (2025-02-09): XXXXX Reviewer Comment (2025-02-07): XXXXX Seller Comment (2025-02-04): XXXXX |
03/13/2025 | 1 | B | A | B | A | B | A | B | A | B | A | IL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45527796 | 32743272 | Compliance | Compliance | County Compliance | State Defect | (County High Cost) Cook County Threshold Loan (Points and Fees) | XXXXX Predatory Lending Ordinance: Points and Fees on subject loan of 5.35161% is in excess of the allowable maximum of 5.00000% of the County Total Loan Amount. Points and Fees total $9,663.10 on a County Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $634.89 or .35161%). Compliant High Cost Loan. | Points and Fees on subject loan of 5.35161% is in excess of the allowable maximum of 5.00000% of the County Total Loan Amount. Points and Fees total $9,663.10 on a County Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $634.89 or .35161%). Compliant High Cost Loan. | Reviewer Comment (2025-03-13): XXXXX Reviewer Comment (2025-03-11): XXXXX Seller Comment (2025-03-10): XXXXX Reviewer Comment (2025-03-10): XXXXX Buyer Comment (2025-03-04): XXXXX Reviewer Comment (2025-03-03): XXXXX Buyer Comment (2025-02-11): XXXXX Seller Comment (2025-02-09): XXXXX |
03/13/2025 | 1 | B | A | B | A | B | A | B | A | B | A | IL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44568640 | 32749565 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44568640 | 32749588 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
02/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45638287 | 32777056 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | The representative FICO score exceeds the guideline minimum by at least 40 points. | SitusAMC | Reviewer Comment (2025-02-07): XXXXX Reviewer Comment (2025-02-04): XXXXX |
02/07/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NC | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42774593 | 32886259 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NM | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42774593 | 32886260 | Compliance | Compliance | Federal Compliance | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1: Un-Stamped Title Company Closing Statement Used For Fee Testing Non Material | Missing Final HUD-1: UnStamped Title Company Closing Statement used for any applicable Federal, State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement. EV2 informational finding to indicate which document was used to source fees for any applicable testing. | UnStamped Title Company Closing Statement used for any applicable Federal, State or Local compliance testing. Investment occupancy with business purpose cert in file. Business purpose loans exempt from RESPA HUD-1 requirement. EV2 informational finding to indicate which document was used to source fees for any applicable testing. | Reviewer Comment (2025-02-27): XXXXX Seller Comment (2025-02-26): XXXXX |
02/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NM | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45279595 | 32787363 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 9.44997% or Final Disclosure APR of 9.45200% is equal to or greater than the threshold of APOR 6.89% + 1.5%, or 8.39000%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of 9.44997% or Final Disclosure APR of 9.45200% is equal to or greater than the threshold of APOR 6.89% + 1.5%, or 8.39000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-04-09): XXXXX Seller Comment (2025-04-07): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45279595 | 32787364 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-04-07): XXXXX Seller Comment (2025-04-03): XXXXX Reviewer Comment (2025-02-21): XXXXX Seller Comment (2025-02-20): XXXXX Reviewer Comment (2025-02-19): XXXXX Seller Comment (2025-02-18): XXXXX |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45279595 | 32787365 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.69108% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $7,550.88 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,137.13 (an overage of $1,413.75 or .69108%). | XXXXX Points and Fees exceed allowable threshold by $1,413.75 or .69108% | 02/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45279595 | 32787396 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided | File does not have Verification of Non-US Citizen Status in file. | Reviewer Comment (2025-02-11): XXXXX Seller Comment (2025-02-10): XXXXX |
02/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49484291 | 32684309 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
01/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49484291 | 32698796 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing 3rd party verification STR are legally permissible (city, county etc) and licensed where applicable. | Reviewer Comment (2025-02-14): XXXXX Seller Comment (2025-02-14): XXXXX |
02/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49199914 | 32860965 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Missing letter from company's CPA providing a statement indicating withdrawal of the funds will not negatively impact the business OR meet XXXXX guidance for cash flow analysis. | Reviewer Comment (2025-02-26): XXXXX Seller Comment (2025-02-26): XXXXX |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49199914 | 32860972 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $0.00 is less than Cash From Borrower $14,091.00. | Reviewer Comment (2025-02-26): XXXXX Seller Comment (2025-02-26): XXXXX |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49199914 | 32861006 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2025-02-26): XXXXX Seller Comment (2025-02-26): XXXXX |
02/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49199914 | 32877632 | Credit | Guideline | Guideline Issue | Guideline | Ineligible borrower per guidelines. | Borrowers who have lived in a rent-free situation are ineligible. Lender exception provided in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-04): XXXXX Reviewer Comment (2025-02-26): XXXXX Seller Comment (2025-02-26): XXXXX |
03/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MI | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49199914 | 32878178 | Credit | Property - Appraisal | Property Eligibility - Site and Utilities | Property - Appraisal | XXXXX Water Contamination: Property is located in XXXXX and could be subject to contaminated water. Files does not contain evidence that water supply is serviced by a non-municipal water source (well water supply), or evidence from an independent water quality analysis that confirms that water is free of all known environmental and safety hazards | Reviewer Comment (2025-03-04): XXXXX Reviewer Comment (2025-02-26): XXXXX Seller Comment (2025-02-26): XXXXX |
03/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45356009 | 32799611 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Background Check not provided | Background Check is missing in the file. | Reviewer Comment (2025-02-11): XXXXX Seller Comment (2025-02-11): XXXXX |
02/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42412451 | 32958829 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43494127 | 32731818 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.10254% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $58,770.36 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $42,976.03 (an overage of $15,794.33 or 1.10254%). | XXXXX Points and Fees exceed allowable threshold by $15,794.33 or 1.10254%. | 01/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48983075 | 32934519 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $225.00 exceeds tolerance of $182.00 plus 10% or $200.20. Sufficient or excess cure was provided to the borrower at Closing. | Ten Percent Fee Tolerance exceeded. Total amount of $225.00 exceeds tolerance of $182.00 plus 10% or $200.20. Sufficient cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-26): XXXXX |
02/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48983075 | 32956704 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $176,863.82 is less than Cash From Borrower $221,603.93. | Reviewer Comment (2025-03-11): XXXXX Seller Comment (2025-03-10): XXXXX Reviewer Comment (2025-03-06): XXXXX Seller Comment (2025-03-06): XXXXX Reviewer Comment (2025-03-05): XXXXX Seller Comment (2025-03-04): XXXXX Reviewer Comment (2025-03-04): XXXXX Seller Comment (2025-03-03): XXXXX |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49810234 | 32943662 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-03-17): XXXXX Seller Comment (2025-03-17): XXXXX Reviewer Comment (2025-03-10): XXXXX Seller Comment (2025-03-10): XXXXX |
03/17/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NV | Second Home | Purchase | D | B | C | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49810234 | 32944072 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | 03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Second Home | Purchase | D | B | C | A | B | B | D | A | Non QM | Non QM | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49810234 | 32944089 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | Reviewer Comment (2025-03-06): XXXXX Seller Comment (2025-03-05): XXXXX |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Second Home | Purchase | D | B | C | A | B | B | D | A | Non QM | Non QM | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49810234 | 32944090 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Reviewer Comment (2025-03-13): XXXXX Reviewer Comment (2025-03-12): XXXXX Seller Comment (2025-03-12): XXXXX Reviewer Comment (2025-03-10): XXXXX Seller Comment (2025-03-07): XXXXX Reviewer Comment (2025-03-07): XXXXX Seller Comment (2025-03-06): XXXXX Reviewer Comment (2025-03-06): XXXXX Seller Comment (2025-03-05): XXXXX |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Second Home | Purchase | D | B | C | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42380125 | 32963374 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-03-06): XXXXX Seller Comment (2025-03-06): XXXXX |
03/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Rate/Term | B | B | B | B | B | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42380125 | 32963460 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | B | B | B | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42380125 | 32988450 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated PITIA months reserves of 7.43 is less than Guideline PITIA months reserves of 12.00 | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-11): XXXXX Reviewer Comment (2025-03-06): XXXXX |
03/11/2025 | 2 | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | B | B | B | A | A | A | Non QM | Non QM | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42380125 | 32988515 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-03-11): XXXXX Seller Comment (2025-03-11): XXXXX |
03/11/2025 | 1 | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | B | B | B | B | B | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42380125 | 32988519 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient reserves. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-03-11): XXXXX Seller Comment (2025-03-11): XXXXX |
03/11/2025 | 1 | A | A | A | A | A | CA | Primary | Refinance - Rate/Term | B | B | B | B | B | A | A | A | Non QM | Non QM | No | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41631196 | 33101781 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-04-09): XXXXX Seller Comment (2025-04-07): XXXXX |
04/09/2025 | 1 | B | A | C | A | B | A | C | A | B | A | IL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41631196 | 33101782 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank XXXXX): Unable to verify current employment status using reasonably reliable third-party records. | The File is missing copy of CPA letter and/or third-party business verification. | Reviewer Comment (2025-04-09): XXXXX Seller Comment (2025-04-08): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41631196 | 33101784 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank XXXXX): General Ability-to-Repay requirements not satisfied. | ATR failure due to insufficient income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41631196 | 33101785 | Compliance | Compliance | State Compliance | State Defect | XXXXX SB 1894 | XXXXX (SB 1894) - Certificate of Compliance or Exemption not attached to mortgage for recording. | Certificate of Compliance or Exemption not attached to mortgage for recording. | Reviewer Comment (2025-04-01): XXXXX Seller Comment (2025-03-28): XXXXX |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41631196 | 33101786 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41631196 | 33101787 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $134.00 exceeds tolerance of $94.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49883737 | 33109475 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.98364% is in excess of the investor allowable maximum of the greater of .00000% of the Federal Total Loan Amount and $4045.00 (XXXXX). Points and Fees total $4,620.16 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $4,045.00 and $4045.00 (XXXXX) (an overage of $575.16 or 4.98364%). | XXXXX Points and Fees exceed allowable threshold by $575.16 or 4.98364%. | 03/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NE | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49883737 | 33109478 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal Fee was not disclosed on LE but disclosed as $92.70 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-25): XXXXX |
03/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NE | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49285307 | 32832503 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.89776% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $20,378.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $12,482.04 (an overage of $7,895.96 or 1.89776%). | XXXXX Points and Fees exceed allowable threshold by $7,895.96 or 1.89776%. | 02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49285307 | 32832506 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-12): XXXXX |
02/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TN | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42914460 | 32735752 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
01/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OK | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45153664 | 32902791 | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-03-13): XXXXX Seller Comment (2025-03-13): XXXXX |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48830083 | 32859864 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.21372% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $55,265.40 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $2,265.40 or .21372%). | XXXXX Points and Fees exceed allowable threshold by $1,640.00 or .15472%. | 02/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48830083 | 32859926 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Lease agreement missing for property XXXXX | Reviewer Comment (2025-02-24): XXXXX Seller Comment (2025-02-21): XXXXX |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47841777 | 32934039 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $5,346.60 exceeds tolerance of $4,604.00 plus 10% or $5,064.40. Sufficient or excess cure was provided to the borrower at Closing. | 10% tolerance was exceeded by $742.60 due to increase of recording fee and Title fees. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-26): XXXXX |
02/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47841777 | 32934420 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account statement Inaccurate | RESPA: Initial escrow account statement does not match charges on HUD-1/Final Closing Disclosure. | Reviewer Comment (2025-03-05): XXXXX |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Primary | Purchase | If the IEAD is correct and the CD/HUD is incorrect, we require a corrected PCCD/HUD with LOE to borrower to cure. Signature is not required. If the CD/HUD is correct and the IEAD is incorrect, we require LOE and corrected IEAD to cure. Signature is not required. |
B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46234460 | 32926475 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.01209% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $5,781.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $5,757.80 (an overage of $23.20 or .01209%). | XXXXX Points and Fees exceed allowable threshold by $23.20 or .01209%. | 02/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46234460 | 32926478 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $80.00 exceeds tolerance of $60.00 plus 10% or $66.00. Sufficient or excess cure was provided to the borrower at Closing. | 10%tolerance was exceeded by $14.00 due to increase of Recording fee in CD. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-02-25): XXXXX |
02/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Rate/Term | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46234460 | 32926479 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal Fee was last disclosed as $123.60 on LE but disclosed as $123.60 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-02-25): XXXXX |
02/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Rate/Term | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47654209 | 32779855 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
02/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47654209 | 32780087 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45429285 | 33074833 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity In Occupancy - Investment Loans | Loan does not qualify for Investment Loans scope because the Final 1003 does not indicate that the property will be an Investment Property or the Final 1003 Declarations, Valuation or Occupancy Cerificate indicates the borrower intends to occupy the subject property. | This is a cash out refinance of an investment property but the appraisal provided indicates the subject property is owner occupied. | Reviewer Comment (2025-03-28): XXXXX |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45429285 | 33074908 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47248558 | 32777489 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | DE | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47248558 | 32777490 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 9.98349% or Final Disclosure APR of 9.98300% is equal to or greater than the threshold of APOR 6.98% + 1.5%, or 8.48000%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of 9.98349% or Final Disclosure APR of 9.98300% is equal to or greater than the threshold of APOR 6.98% + 1.5%, or 8.48000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-02-25): XXXXX Seller Comment (2025-02-25): XXXXX |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47248558 | 32777491 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-02-20): XXXXX Seller Comment (2025-02-19): XXXXX |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | DE | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47248558 | 32777492 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.88662% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $14,176.30 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,703.12 (an overage of $5,473.18 or 1.88662%). | XXXXX Points and Fees exceed allowable threshold by $5,473.18 or 1.88662%. | 02/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | DE | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47248558 | 32777497 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $10,745.86 exceeds tolerance of $6,800.00. Sufficient or excess cure was provided to the borrower at Closing. | Transfer Tax Fee was last disclosed as $6,800.00 on LE but disclosed as $10,745.88 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-04): XXXXX |
02/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | DE | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47108712 | 32824108 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46967666 | 33088657 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49796874 | 32886724 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49796874 | 32886748 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end Date. | Reviewer Comment (2025-03-07): XXXXX |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44844239 | 32987640 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44426154 | 32893097 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-11): XXXXX Reviewer Comment (2025-03-05): XXXXX Seller Comment (2025-03-04): XXXXX Buyer Comment (2025-03-04): XXXXX Reviewer Comment (2025-02-26): XXXXX Seller Comment (2025-02-26): XXXXX Seller Comment (2025-02-25): XXXXX Reviewer Comment (2025-02-25): XXXXX Seller Comment (2025-02-24): XXXXX |
03/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NV | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44426154 | 32893109 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-11): XXXXX |
03/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NV | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44426154 | 32893201 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-11): XXXXX |
03/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NV | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44426154 | 32894754 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Please provide corrected 1003 confirming subject property is primary residence not investment. Also, declarations question 5a was answered incorrectly. Subject loan is refi, borrowers are not first time home buyer. | Reviewer Comment (2025-02-24): XXXXX Seller Comment (2025-02-24): XXXXX |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44426154 | 32922991 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $205.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient or excess cure was provided to the borrower at Closing | Reviewer Comment (2025-02-24): XXXXX |
02/24/2025 | 1 | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | A | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44426154 | 32922992 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Verification Fee. Fee Amount of $308.00 exceeds tolerance of $150.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient or excess cure was provided to the borrower at Closing | Reviewer Comment (2025-02-24): XXXXX |
02/24/2025 | 1 | A | A | A | A | A | NV | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | A | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48860826 | 32986363 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40085332 | 32834613 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | File is missing a copy of business bank statement (XXXXX) for the month of XXXXX XXXXX. | Reviewer Comment (2025-02-18): XXXXX Seller Comment (2025-02-17): XXXXX |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41369882 | 32950571 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal Fee was not disclosed on LE but disclosed as $123.60 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-28): XXXXX |
02/28/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41369882 | 32950590 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. Most recent inspection provided is dated XX/XX/XX. | Borrower has been employed in the same industry for more than 5 years. Borrower has owned the subject property for at least 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-11): XXXXX Reviewer Comment (2025-03-04): XXXXX |
03/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41039515 | 32802760 | Compliance | Compliance | Federal Compliance | TRID | ECOA Appraisal Disclosure - ECOA Timing | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-02-12): XXXXX |
02/12/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41039515 | 32802761 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41039515 | 32802762 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41039515 | 32802764 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2025-03-06): XXXXX |
03/06/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41039515 | 32802765 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule (Dodd-Frank XXXXX): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. | List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. | 02/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41039515 | 32802767 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | Evidence of earlier receipt by borrower not found in file | Reviewer Comment (2025-02-12): XXXXX |
02/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41039515 | 32802842 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of 51.37736% exceeds Guideline total debt ratio of 50.00000%. | Reviewer Comment (2025-03-06): XXXXX |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41039515 | 32802849 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Based on the loan failing one or more guideline components, the loan is at ATR risk.Due to omitted credit report on auto lease | Reviewer Comment (2025-03-06): XXXXX |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41039515 | 32804336 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank XXXXX): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of 58.99826% significantly exceeds the guideline maximum of 50.00%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | Missing evidence for the omission of the other two auto leases on B1 credit report. Credit report for B1 shows three auto leases with XXXXX that were omitted from DTI, however bank statements show only one of the accounts is being paid by the business. |
Reviewer Comment (2025-02-18): XXXXX Seller Comment (2025-02-11): XXXXX |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41039515 | 32821226 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $48,307.57 is less than Cash From Borrower $535,864.78. | Reviewer Comment (2025-02-12): XXXXX |
02/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41039515 | 32830772 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Copy/Rush Fee. Fee Amount of $150.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower. | Reviewer Comment (2025-02-12): XXXXX |
02/12/2025 | 1 | A | A | A | A | A | CA | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40544230 | 32935693 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | DE | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48542884 | 33023353 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $1,883.00 exceeds tolerance of $1,192.00 plus 10% or $1,311.20. Insufficient or no cure was provided to the borrower. | 10% tolerance was exceeded by $1883.00 due to increase of Title Fees. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $691.00, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-04-03): XXXXX Seller Comment (2025-04-01): XXXXX Reviewer Comment (2025-03-30): XXXXX Seller Comment (2025-03-27): XXXXX |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48542884 | 33024738 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46492273 | 33139432 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | KS | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40134118 | 33130004 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40134118 | 33141800 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per guidelines Properties Greater than 20 acres are ineligible. Property is 20.40 acres. Lender exception provided in file. | Borrower has owned the subject property for at least 5 years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-01): XXXXX Reviewer Comment (2025-03-28): XXXXX |
04/01/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40747735 | 32902081 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46013265 | 32993066 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46013265 | 32993073 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Verification appraisal was delivered to borrower was not provided. | 03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46013265 | 32993084 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | The file is missing a copy of CPA letter for evidence of access to funds stating, ''Withdrawal of funds from the business will not negatively impact the business " | Reviewer Comment (2025-03-14): XXXXX Seller Comment (2025-03-13): XXXXX |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46013265 | 32997454 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated reserve of 0.00 is less than 6.00 due to missing evidence to access to funds | Reviewer Comment (2025-03-14): XXXXX Seller Comment (2025-03-13): XXXXX |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46013265 | 32997468 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Verified liquid asset in the amount of $0.00 are insufficient to meet cash to close of $3,315.67 | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX Reviewer Comment (2025-03-14): XXXXX Seller Comment (2025-03-13): XXXXX |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46013265 | 32997479 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47006920 | 33130111 | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-04-03): XXXXX Seller Comment (2025-04-03): XXXXX |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MS | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41645886 | 32777513 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41645886 | 32777740 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
02/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47981558 | 32851618 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX did not disclose the Amount Financed. | Final CD copy is ineligible , Please provide legible and executed copies of final CD. | Reviewer Comment (2025-02-20): XXXXX Seller Comment (2025-02-19): XXXXX |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47981558 | 32851619 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Escrowed Property Costs Year 1 Underdisclosed - XXXXX | TILA-RESPA Integrated Disclosure - Loan Disclosures: Escrowed Property Costs over Year 1 of on Final Closing Disclosure provided on XX/XX/XX are underdisclosed. | Final CD copy is ineligible , Please provide legible and executed copies of final CD. | Reviewer Comment (2025-02-20): XXXXX Seller Comment (2025-02-19): XXXXX |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47981558 | 32851620 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX did not disclose the Finance Charge. | Final CD copy is ineligible, please provide legible and executed copies of final CD. | Reviewer Comment (2025-02-20): XXXXX Seller Comment (2025-02-19): XXXXX |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47981558 | 32851621 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Homeowners Insurance Included In Escrow Test | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XX incorrectly disclosed whether Homeowners Insurance is included in escrow. | Final CD copy is ineligible, please provide legible and executed copies of final CD. | Reviewer Comment (2025-02-20): XXXXX Seller Comment (2025-02-19): XXXXX |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47981558 | 32851622 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Incomplete | TILA-RESPA Integrated Disclosure: Incomplete Closing Disclosure was signed by borrower and cannot be excluded from testing. Corresponding exceptions for inaccurate disclosures and under/over disclosures resulting from use of incomplete Closing Disclosure are valid and will need to be cured (if curable). | Final CD copy is ineligible, please provide legible and executed copies of final CD. | Reviewer Comment (2025-02-20): XXXXX Seller Comment (2025-02-19): XXXXX |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error, Corrected CD, and Proof of Delivery (Proof of receipt and reopened rescission also required if transaction is rescindable and material disclosures are inaccurate) | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47981558 | 32851623 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Mortgage Insurance Payment | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XX did not disclose the mortgage insurance payment for payment stream 1. | Final CD copy is ineligible, please provide legible and executed copies of final CD. | Reviewer Comment (2025-02-20): XXXXX Seller Comment (2025-02-19): XXXXX |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47981558 | 32851624 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrow Costs Year 1 Underdisclosed - XXXXX | TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year 1 of on Final Closing Disclosure provided on XX/XX/XX are underdisclosed. | Final CD copy is ineligible, please provide legible and executed copies of final CD. | Reviewer Comment (2025-02-20): XXXXX Seller Comment (2025-02-19): XXXXX |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47981558 | 32851625 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Property Taxes Included In Escrow | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XX incorrectly disclosed whether property taxes are included in escrow. | Final CD copy is ineligible, please provide legible and executed copies of final CD. | Reviewer Comment (2025-02-20): XXXXX Seller Comment (2025-02-19): XXXXX |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47981558 | 32851626 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX did not disclose the Total of Payments. | Final CD copy is ineligible, please provide legible and executed copies of final CD. | Reviewer Comment (2025-02-20): XXXXX Seller Comment (2025-02-19): XXXXX |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission i(required on rescindable transactions) | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47981558 | 32851627 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow - Monthly Escrow Payment Overdisclosed Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX did not disclose the Monthly Escrow Payment. | Final CD copy is ineligible, please provide legible and executed copies of final CD. | Reviewer Comment (2025-02-14): XXXXX |
02/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47981558 | 32851678 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Notice of Special Flood Hazard Disclosure Not Provided Timely | FDPA Notification Rule: Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Creditor did not provide a Notice of Special Flood Hazard Disclosure within a reasonable time prior to closing. | Reviewer Comment (2025-02-20): XXXXX Seller Comment (2025-02-19): XXXXX |
02/20/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47981558 | 32851708 | Compliance | TRID | Document Error | TRID | TRID Closing Disclosure: "Product" in Loan Details section is blank. | - | Ineligible Final CD.. | Reviewer Comment (2025-02-20): XXXXX Seller Comment (2025-02-19): XXXXX |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47981558 | 32859349 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Appraisal provided is not legible, please provide a clearer copy of appraisal. | Reviewer Comment (2025-02-25): XXXXX Seller Comment (2025-02-25): XXXXX |
02/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47981558 | 32899894 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $238.50 exceeds tolerance of $182.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-20): XXXXX |
02/20/2025 | 1 | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46799689 | 32941581 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41077408 | 32859128 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
02/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41043832 | 32817502 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.97146% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $69,530.40 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $41,957.72 (an overage of $27,572.68 or 1.97146%). | XXXXX Points and Fees exceed allowable threshold by $27,572.68 or 1.97146% | 02/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41043832 | 32817544 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | The subject property is located in a FEMA disaster area that does not have a declared end date. The appraisal was performed after the FEMA declaration start date but prior to the declared end date. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-02-18): XXXXX |
02/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41043832 | 32817625 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
02/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48766117 | 32941655 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48766117 | 32941660 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Note Addendum - Prepayment is missing from file. | Reviewer Comment (2025-03-06): XXXXX Seller Comment (2025-03-06): XXXXX |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | Yes | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43399528 | 32963322 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank XXXXX): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Verification the XXXXX was delivered to borrower was not provided. | Reviewer Comment (2025-03-11): XXXXX |
03/11/2025 | 1 | B | A | B | A | B | A | B | A | B | A | PA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43399528 | 32963323 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 6.90457% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $3,866.56 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $1,066.56 or 1.90457%). | XXXXX Points and Fees exceed allowable threshold by $1,066.56 or 1.90457%. | 03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | N/A | N/A | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43399528 | 32965065 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Issue: Ineligible borrower | Guideline do not allow for a loan to close in the name of LLC; guides follow under XXXXX and under the general borrower eligibility requirements is states the borrower must be a natural person. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-11): XXXXX Buyer Comment (2025-03-07): XXXXX Reviewer Comment (2025-03-06): XXXXX Seller Comment (2025-03-06): XXXXX |
03/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | PA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43399528 | 32965099 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | DTI exceeds due to addition of PITIA for XXXXX. Per 1008 the payment does not appear to have been included by lender. | Reviewer Comment (2025-03-10): XXXXX Seller Comment (2025-03-07): XXXXX |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41211318 | 32740040 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41211318 | 32740065 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | The File is Missing a Copy of Rate lock document. | Reviewer Comment (2025-02-10): XXXXX Seller Comment (2025-02-10): XXXXX |
02/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42472533 | 32983758 | Credit | Guideline | Guideline Issue | Guideline | Ineligible borrower per guidelines. | Borrower is living rent free, primary mortgage is in spouse's name however borrower cannot meet guide requirement. Lender exception in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-11): XXXXX Reviewer Comment (2025-03-05): XXXXX |
03/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40888745 | 32996056 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for XXXXX Guaranty Fee. Fee Amount of $2.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-07): XXXXX |
03/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48605647 | 32933912 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | The file was missing a copy of Hazard Insurance for subject property. | Reviewer Comment (2025-03-04): XXXXX Seller Comment (2025-03-04): XXXXX |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48605647 | 33000236 | Credit | Guideline | Guideline Issue | Guideline | The number of financed properties exceeds guidelines. | The number of financed properties exceeds guidelines.Per guidelines 20 max financed if DSCR and borrower has 22 financed properties. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-10): XXXXX |
03/10/2025 | 2 | B | B | B | B | B | OH | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45759826 | 32970276 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43319269 | 33109653 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Certification Fee. Fee Amount of $165.95 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Certification Fee was last disclosed as $0.00 on LE but disclosed as $165.95 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file | Reviewer Comment (2025-03-25): XXXXX |
03/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47052656 | 32987647 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing | Reviewer Comment (2025-03-06): XXXXX |
03/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43850634 | 32824944 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.69628% is in excess of the investor allowable maximum of the greater of .00000% of the Federal Total Loan Amount and $4045.00 (XXXXX). Points and Fees total $4,395.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $4,045.00 and $4045.00 (XXXXX) (an overage of $350.00 or 4.69628%). | XXXXX Points and Fees exceed allowable threshold by $350.00 or 4.69628%. | 02/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43850634 | 32824947 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-11): XXXXX |
02/11/2025 | 1 | A | A | A | A | A | A | A | A | A | A | VA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43556413 | 32961940 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43556413 | 32962308 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Hazard Insurance Policy was missing on this file. | Reviewer Comment (2025-03-10): XXXXX Seller Comment (2025-03-07): XXXXX |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45118153 | 33026436 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Loan originated as Primary residence, yet URLA declarations indicates borrower will not occupy. | - | Subject transaction is refi of primary residence however in final 1003 declaration section 5A. will you occupy the property as primary residence is marked as No. Please provide updated 1003. | Reviewer Comment (2025-03-19): XXXXX Seller Comment (2025-03-19): XXXXX |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45118153 | 33031104 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45118153 | 33031512 | Compliance | Compliance | Federal Compliance | Federal HPML | TIL Higher Priced Mortgage Loan Safe Harbor Test | TILA HPML appraisal Rule (Dodd-Frank XXXXX): Safe Harbor requirements not satisfied. | Reviewer Comment (2025-03-20): XXXXX |
03/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45118153 | 33031513 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.87755% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $23,891.40 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $18,484.40 (an overage of $5,407.00 or .87755%). | XXXXX Points and Fees exceed allowable threshold by an average of $5,407.00 or .87755%. | 03/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45118153 | 33031517 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $258.00 exceeds tolerance of $200.00 plus 10% or $220.00. Sufficient or excess cure was provided to the borrower at Closing. | Ten Percent Fee Tolerance exceeded. Total amount of $258.00 exceeds tolerance of $200.00 plus 10% or $220.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-13): XXXXX |
03/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45118153 | 33031518 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-13): XXXXX |
03/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45486766 | 32919330 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 02/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45486766 | 32919338 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Administration Fee. Fee Amount of $400.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Administration Fee. Fee Amount of $400.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-03): XXXXX |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45486766 | 32919339 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of $165.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of $165.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-03): XXXXX |
03/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45486766 | 32919389 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy amount is blank. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
02/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | B | B | C | B | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44681936 | 33020843 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44681936 | 33020846 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated XX/XX/XX). The disclosed Total of Payments in the amount of $7,819,656.63 is under disclosed by $439.18 compared to the calculated total of payments of $7,820,095.81 which exceeds the $35.00 threshold. | Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated XX/XX/XX). The disclosed Total of Payments in the amount of $7,819,656.63 is under disclosed by $439.18 compared to the calculated total of payments of $7,820,095.81 which exceeds the $35.00 threshold. | Reviewer Comment (2025-04-10): XXXXX Reviewer Comment (2025-04-09): XXXXX Seller Comment (2025-04-09): XXXXX Reviewer Comment (2025-03-25): XXXXX Reviewer Comment (2025-03-21): XXXXX |
04/10/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Rate/Term | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission i(required on rescindable transactions) | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44681936 | 33021503 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Maximum Loan Amount discrepancy. | Note loan amount of ___ is greater than Guideline maximum loan amount of ___. | Note loan amount of $XXXXXis greater than Guideline maximum loan amount of $XXXXX. Lender exception provided in file. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-18): XXXXX Reviewer Comment (2025-03-13): XXXXX |
03/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45631826 | 32848146 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 10.41561% or Final Disclosure APR of 10.41900% is equal to or greater than the threshold of APOR 6.93% + 1.5%, or 8.43000%. Non-Compliant Higher Priced Mortgage Loan. | Final Disclosure APR of 10.41900% is equal to or greater than the threshold of APOR 6.93% + 1.5%, or 8.43000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-02-24): XXXXX Seller Comment (2025-02-21): XXXXX |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45631826 | 32848148 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-02-24): XXXXX Seller Comment (2025-02-21): XXXXX |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45631826 | 32848149 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.46495% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $18,048.46 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $12,126.75 (an overage of $5,921.71 or 1.46495%). | XXXXX Points and Fees threshold exceeded by an overage of $5,921.71 or 1.46495%. | 02/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45631826 | 32848152 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $873.60 exceeds tolerance of $700.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as $700.00 on Initial closing disclosure but disclosed as $873.60 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include$173.60 a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-02-14): XXXXX |
02/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46042372 | 32932670 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.66964% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $9,890.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,085.26 (an overage of $1,804.74 or .66964%). | XXXXX Points and Fees exceed allowable threshold by $1,804.74 or .66964%. | 02/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46042372 | 32935456 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-26): XXXXX |
02/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45223537 | 32920391 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 02/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45223537 | 32920392 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.98293% or Final Disclosure APR of 9.17200% is equal to or greater than the threshold of APOR 6.93% + 1.5%, or 8.43000%. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of 8.98293% or Final Disclosure APR of 9.17200% is equal to or greater than the threshold of APOR 6.93% + 1.5%, or 8.43000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-03-17): XXXXX Seller Comment (2025-03-14): XXXXX |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45223537 | 32920393 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-03-07): XXXXX Seller Comment (2025-03-06): XXXXX |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45223537 | 32920394 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.30065% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,829.81 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $10,752.25 (an overage of $1,077.56 or .30065%). | XXXXX Points and Fees exceed allowable threshold by $1,077.56 or .30065%. | 02/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45223537 | 32931476 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $8,250.00 is less than Cash From Borrower $50,986.39. The business funds are excluded from qualifying due to the CPA letter being insufficient. In the signature line, the signer indicated that they are not a CPA. | Reviewer Comment (2025-03-12): XXXXX Seller Comment (2025-03-11): XXXXX |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45223537 | 32931477 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 3.00. The business funds are excluded from qualifying due to the CPA letter being insufficient. In the signature line, the signer indicated that they are not a CPA. | Reviewer Comment (2025-03-17): XXXXX Seller Comment (2025-03-14): XXXXX |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45223537 | 32931492 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-03-17): XXXXX Seller Comment (2025-03-14): XXXXX |
03/17/2025 | 1 | B | A | C | A | B | A | C | A | B | A | SC | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45223537 | 32931493 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient asset documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-03-17): XXXXX Seller Comment (2025-03-14): XXXXX |
03/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40148872 | 32987406 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40148872 | 32987410 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $123.00 exceeds tolerance of $84.00 plus 10% or $92.40. Sufficient or excess cure was provided to the borrower at Closing. | 10% tolerance was exceeded by $39.00 due to increase of recording fee. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-06): XXXXX |
03/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40148872 | 32987411 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $700.00 exceeds tolerance of $550.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee was last disclosed as $550.00 on LE but disclosed as $700.00 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-06): XXXXX |
03/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CO | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45723657 | 32958933 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $641.00 exceeds tolerance of $334.00 plus 10% or $367.40. Sufficient or excess cure was provided to the borrower at Closing. | Ten Percent Fee Tolerance exceeded. Total amount of $641.00 exceeds tolerance of $334.00 plus 10% or $367.40. Sufficient cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-03): XXXXX |
03/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45723657 | 32958934 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-03): XXXXX |
03/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45723657 | 32958935 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $96.00 exceeds tolerance of $90.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $96.00 exceeds tolerance of $90.00. Sufficient cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-03): XXXXX |
03/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41996103 | 32920164 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 9.21063% or Final Disclosure APR of 9.33200% is equal to or greater than the threshold of APOR 6.87% + 1.5%, or 8.37000%. Non-Compliant Higher Priced Mortgage Loan. | Final Disclosure APR of 9.33200% is in excess of allowable threshold of APOR 6.87% + 1.5%, or 8.37000%. | Reviewer Comment (2025-02-28): XXXXX Seller Comment (2025-02-28): XXXXX |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41996103 | 32920428 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-02-28): XXXXX |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47792341 | 32824094 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47792341 | 32840433 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | File is missing a copy of the monthly mortgage statement for XXXXX to confirm the P&I payment. | Reviewer Comment (2025-02-18): XXXXX Seller Comment (2025-02-17): XXXXX |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43084307 | 33026629 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48479786 | 32996833 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-07): XXXXX |
03/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CT | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48479786 | 32996834 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $233.00 exceeds tolerance of $195.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-07): XXXXX |
03/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CT | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48479786 | 32996862 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.23892% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,485.40 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $9,711.93 (an overage of $773.47 or .23892%). | XXXXX Points and Fees exceed allowable threshold by $773.47 or .23892%. | 03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CT | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43374736 | 33080382 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.27949% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $7,550.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,906.55 (an overage of $643.45 or .27949%). | XXXXX Points and Fees exceed allowable threshold by $643.45 or .27949%. | 03/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43374736 | 33081772 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $87.75 exceeds tolerance of $45.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $87.75 exceeds tolerance of $45.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-19): XXXXX |
03/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43374736 | 33081773 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $720.00 exceeds tolerance of $696.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $720.00 exceeds tolerance of $696.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-19): XXXXX |
03/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48021172 | 33005517 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48021172 | 33005705 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided | Reviewer Comment (2025-03-19): XXXXX Seller Comment (2025-03-19): XXXXX |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46651735 | 33100455 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | RI | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46651735 | 33100456 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | RI | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46651735 | 33100471 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account Statement Missing | RESPA: Initial escrow account statement was not provided to the borrower. | Initial escrow account statement was not provided to the borrower. | Reviewer Comment (2025-04-01): XXXXX Seller Comment (2025-04-01): XXXXX |
04/01/2025 | 1 | B | A | B | A | B | A | B | A | B | A | RI | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46651735 | 33100472 | Compliance | Compliance | State Compliance | State Defect | Rhode Island Home Loan (Prohibited Acts and Practices Regarding High-Cost Home Loans Disclosure Not Provided) | XXXXX Home Loan: Prohibited Acts and Practices Regarding High-Cost Home Loans disclosure not provided. | Reviewer Comment (2025-04-01): XXXXX |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46651735 | 33100474 | Compliance | Compliance | State Compliance | State Defect | Rhode Island Home Loan (High Cost Analysis Not In File) | XXXXX Home Loan: Loan file did not contain record(s) documenting high-cost home loan analysis. | Reviewer Comment (2025-04-01): XXXXX |
04/01/2025 | 1 | A | A | A | A | A | A | A | A | A | A | RI | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46651735 | 33100476 | Compliance | Compliance | State Compliance | State Defect | Rhode Island Home Loan (Prohibited Acts and Practices Regarding Home Loans Disclosure Not Provided) | XXXXX Home Loan: Prohibited Acts and Practices Regarding Home Loans disclosure not provided. | Reviewer Comment (2025-04-01): XXXXX |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46651735 | 33100506 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Estimated Escrow Payment Under Disclosed Test | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on XX/XX/XX disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. | Final Closing Disclosure provided on XX/XX/XX disclosed an escrow payment for payment stream 1 that does not match the actual payment for the loan. (ProjSeq:XXXX). | Reviewer Comment (2025-04-01): XXXXX Seller Comment (2025-04-01): XXXXX |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Primary | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46651735 | 33100509 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow - Monthly Escrow Payment Underdisclosed Test | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. | Final Closing Disclosure provided on XX/XX/XX disclosed the Monthly Escrow Payment that does not match the actual escrow payment for the loan. (Final/XX/XX/XX). | Reviewer Comment (2025-04-01): XXXXX Seller Comment (2025-04-01): XXXXX |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Primary | Refinance - Cash-out - Other | Provide the following: Letter of Explanation notifying borrower or error and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46651735 | 33100526 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | The file was missing a copy of signed & dated final 1003. | Reviewer Comment (2025-04-01): XXXXX Seller Comment (2025-04-01): XXXXX |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | RI | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46651735 | 33156903 | Compliance | Compliance | State Compliance | State Defect | Rhode Island Home Loan (Prohibited Acts and Practices Regarding High-Cost Home Loans Disclosure Not Signed) | XXXXX Home Loan: Prohibited Acts and Practices Regarding High-Cost Home Loans disclosure not properly executed. | Disclosure not signed by lender. | Reviewer Comment (2025-04-02): XXXXX Seller Comment (2025-04-02): XXXXX |
04/02/2025 | 1 | A | A | A | A | A | RI | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46651735 | 33156904 | Compliance | Compliance | State Compliance | State Defect | Rhode Island Home Loan (Prohibited Acts and Practices Regarding High-Cost Home Loans Disclosure Not Provided Timely) | XXXXX Home Loan: Prohibited Acts and Practices Regarding High-Cost Home Loans disclosure not provided within three (3) days of application. | Disclosure not provided within days prior to application. | Reviewer Comment (2025-04-02): XXXXX Seller Comment (2025-04-02): XXXXX |
04/02/2025 | 1 | A | A | A | A | A | RI | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46651735 | 33156905 | Compliance | Compliance | State Compliance | State Defect | Rhode Island Home Loan (Prohibited Acts and Practices Regarding Home Loans Disclosure Not Provided Timely) | XXXXX Home Loan: Prohibited Acts and Practices Regarding Home Loans disclosure not provided within three (3) business days of application. | Disclosure not provided within days prior to application. | Reviewer Comment (2025-04-02): XXXXX Seller Comment (2025-04-02): XXXXX |
04/02/2025 | 1 | A | A | A | A | A | RI | Primary | Refinance - Cash-out - Other | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40342125 | 33039964 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $750.00 exceeds tolerance of $575.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Fee last disclosed as $575.00 on LE but disclosed as $750.00 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-14): XXXXX |
03/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Primary | Refinance - Rate/Term | Final CD evidences Cure | D | A | C | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40342125 | 33039974 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-23): XXXXX Reviewer Comment (2025-04-10): XXXXX |
04/23/2025 | 1 | D | A | D | A | D | A | D | A | D | A | GA | Primary | Refinance - Rate/Term | D | A | C | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40342125 | 33043605 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Verified liquid assets in the amount of $29,356.65 are insufficient to meet cash to close of $49,760.29. Final 1008 reflects $119,989.19 verified, however, additional supporting documents needed to confirm asset verified. Gift letters and source accounts were also provided but proof the borrower received the gift funds was not provided. | Reviewer Comment (2025-03-19): XXXXX |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Refinance - Rate/Term | D | A | C | A | A | A | D | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43888550 | 33139860 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41260693 | 32833852 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41260693 | 32851002 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | File is missing a CPA letter indicating withdrawal of business funds will not negatively impact the business OR verification a cash flow analysis was completed to meet XXXXX guidance. | Reviewer Comment (2025-03-19): XXXXX Seller Comment (2025-03-19): XXXXX Reviewer Comment (2025-03-11): XXXXX Seller Comment (2025-03-11): XXXXX Reviewer Comment (2025-03-07): XXXXX Seller Comment (2025-03-07): XXXXX Reviewer Comment (2025-02-20): XXXXX Seller Comment (2025-02-20): XXXXX |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41260693 | 32851026 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. File is missing a CPA letter indicating withdrawal of business funds will not negatively impact the business OR verification a cash flow analysis was completed to meet XXXXX guidance. | Reviewer Comment (2025-03-20): XXXXX Seller Comment (2025-03-20): XXXXX |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41260693 | 32851032 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $0.00 is less than Cash From Borrower $27,998.38. File is missing a CPA letter indicating withdrawal of business funds will not negatively impact the business OR verification a cash flow analysis was completed to meet XXXXX guidance. | Reviewer Comment (2025-03-19): XXXXX Seller Comment (2025-03-19): XXXXX |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44578759 | 32943530 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43135471 | 32927098 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46123095 | 32968952 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46123095 | 32968964 | Compliance | Compliance | State Compliance | Misc. State Level | XXXXX CSPA Tangible Net Benefit Test | XXXXX Consumer Sales Practices Act: Unable to determine if mortgage loan refinanced has a tangible net benefit to the borrower due to missing prior loan information. | Unable to determine if mortgage loan refinanced has a tangible net benefit to the borrower due to missing prior loan information. | Reviewer Comment (2025-03-13): XXXXX Seller Comment (2025-03-10): XXXXX |
03/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47913527 | 32987010 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-03-13): XXXXX Seller Comment (2025-03-13): XXXXX |
03/13/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Purchase | D | B | C | B | B | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47913527 | 32987019 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | D | B | C | B | B | B | D | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47913527 | 32987497 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower 3 business days prior to closing was not provided. | 03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | D | B | C | B | B | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47913527 | 32987521 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | The file was missing a copy of E-Sign Consent Agreement. | Reviewer Comment (2025-03-11): XXXXX Seller Comment (2025-03-11): XXXXX |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | D | B | C | B | B | B | D | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47913527 | 33007275 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | 1003 indicates the borrower is currently renting. per guides, If the Borrower previously paid rent for their residence, then the Borrower's rental housing payment history is required. Payments must be documented via an institutional Verification of Rent (VOR)/ credit supplement, or cancelled checks/bank records. A VOR from an individual or a private party landlord does not meet the requirement of verifying the Borrower's prior housing payment history. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-18): XXXXX Buyer Comment (2025-03-12): XXXXX Reviewer Comment (2025-03-11): XXXXX Seller Comment (2025-03-11): XXXXX |
03/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | D | B | C | B | B | B | D | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44063085 | 32943867 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 10.42016% or Final Disclosure APR of 10.46100% is equal to or greater than the threshold of APOR 6.92% + 1.5%, or 8.42000%. Non-Compliant Higher Priced Mortgage Loan. | -Priced Mortgage Loan: APR on subject loan of 10.42016% or Final Disclosure APR of 10.46100% is equal to or greater than the threshold of APOR 6.92% + 1.5%, or 8.42000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-03-07): XXXXX Seller Comment (2025-03-04): XXXXX |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44063085 | 32943868 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower 3 business days prior to closing was not provided. | Reviewer Comment (2025-03-07): XXXXX Reviewer Comment (2025-03-04): XXXXX Seller Comment (2025-03-04): XXXXX |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44063085 | 32943874 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 6.84476% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $15,187.18 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,656.41 (an overage of $8,530.77 or 3.84476%). | XXXXX Points and Fees exceed allowable threshold by $8,530.77 or 3.84476%. | 03/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44063085 | 33000215 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of revised valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-03-13): XXXXX Reviewer Comment (2025-03-07): XXXXX |
03/13/2025 | 2 | B | B | B | B | B | SC | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45229728 | 33207059 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48154806 | 32985497 | Compliance | Compliance | State Compliance | State Defect | XXXXX SB270 Prepayment Penalty Test XXXXX Investment Test | XXXXX SB270: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Reviewer Comment (2025-03-13): XXXXX |
03/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41199165 | 32902036 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41199165 | 32902058 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
02/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43641075 | 32951153 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48586308 | 32995791 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | Total Fees financed by lender exceed permitted threshold. HOEPA Disclosure is not located in file. | Reviewer Comment (2025-03-14): XXXXX Seller Comment (2025-03-12): XXXXX |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48586308 | 32995792 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees) | Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees. | Total fees financed by lender is $26,675.55. Threshold maximum is $26,357.65. Lender HOEPA threshold calculation, per compliance report, did not reduce fees from Finance Charge as required resulting in false higher threshold calculation. | Reviewer Comment (2025-03-14): XXXXX Seller Comment (2025-03-12): XXXXX |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48586308 | 32995793 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) | Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of 4% of the amount past due or grace period of less than 15 days. | Total fees financed by lender exceed permitted threshold. Late charge exceeds max of 4% of amount past due and/or grace period of 15 days. | Reviewer Comment (2025-03-14): XXXXX Seller Comment (2025-03-12): XXXXX |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48586308 | 32995794 | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of 5.06030% is in excess of the allowable maximum of 5.00000% of the Federal Total Loan Amount. Points and Fees of $26,675.55 on a Federal Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $317.90 or .06030%). Non-Compliant High Cost Loan. | Total fees financed by lender is $26,675.55. Threshold maximum is $26,357.65. | Reviewer Comment (2025-03-14): XXXXX Seller Comment (2025-03-12): XXXXX |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48586308 | 32995795 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | Total fees financed by lender exceed permitted threshold. Pre-Loan Counseling status if not located in file. | Reviewer Comment (2025-03-14): XXXXX Seller Comment (2025-03-12): XXXXX |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48586308 | 32995796 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.06030% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $26,675.55 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $15,814.59 (an overage of $10,860.96 or 2.06030%). | XXXXX Points and Fees exceed allowable threshold by $10,860.96 or 2.06030%. | 03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41867230 | 32864859 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | File is missing a CPA letter indicating withdrawal of business funds will not negatively impact the business OR verification a cash flow analysis was completed to meet XXXXX guidance. | Reviewer Comment (2025-03-05): XXXXX Reviewer Comment (2025-02-27): XXXXX Seller Comment (2025-02-27): XXXXX |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41867230 | 32895912 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. File is missing a CPA letter indicating withdrawal of business funds will not negatively impact the business OR verification a cash flow analysis was completed to meet XXXXX guidance. | Reviewer Comment (2025-03-05): XXXXX |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41867230 | 32895923 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $1,000.00 is less than Cash From Borrower $13,240.62. File is missing a CPA letter indicating withdrawal of business funds will not negatively impact the business OR verification a cash flow analysis was completed to meet XXXXX guidance. | Reviewer Comment (2025-03-05): XXXXX |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48087276 | 32911554 | Credit | Property - Appraisal | Property Eligibility - Site and Utilities | Property - Appraisal | XXXXX Water Contamination: Property is located in XXXXX and could be subject to contaminated water. Files does not contain evidence that water supply is serviced by a non-municipal water source (well water supply), or evidence from an independent water quality analysis that confirms that water is free of all known environmental and safety hazards | Reviewer Comment (2025-03-18): XXXXX Reviewer Comment (2025-03-12): XXXXX Seller Comment (2025-03-12): XXXXX |
03/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48087276 | 32911618 | Credit | Guideline | Guideline Issue | Guideline | Ineligible borrower per guidelines. | Borrowers who have lived in a rent-free situation are ineligible. Lender exception provided in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-04): XXXXX Reviewer Comment (2025-02-28): XXXXX Seller Comment (2025-02-28): XXXXX |
03/04/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MI | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46326501 | 33003682 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WI | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46326501 | 33003683 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WI | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45108490 | 32886536 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception approving use of 100% Business funds where Borrower owns 50% of the Business. Compensating factors include DSCR being above limits, history of owning multiple investment Properties and Borrower living at current Primary residence for almost 4 years with no delinquencies. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | SitusAMC | Reviewer Comment (2025-02-25): XXXXX |
02/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IL | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47191543 | 32860017 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception approving using 100% Business of Business Funds when Borrower owns only 50%. Compensating factors include DSCR above minimum limits, ownership of multiple investment properties and living at Primary Residence for almost 4 years with no delinquencies. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | SitusAMC | Reviewer Comment (2025-02-25): XXXXX |
02/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IL | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48977362 | 32886546 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception approving use of 100% Business funds where Borrower owns 50% of the Business. Compensating factors include DSCR being above limits, history of owning multiple investment Properties and Borrower living at current Primary residence for almost 4 years with no delinquencies. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | SitusAMC | Reviewer Comment (2025-02-25): XXXXX |
02/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | IL | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41597905 | 32958761 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 7.78882% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $19,156.30 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,378.38 (an overage of $11,777.92 or 4.78882%). | XXXXX Points and Fees exceed allowable threshold by $11,777.92 or 4.78882%. | 03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WY | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49170103 | 32993045 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40180658 | 33002258 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40112779 | 32992676 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44380139 | 32993226 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41294763 | 32950975 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44811873 | 33028510 | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-05-09): XXXXX Seller Comment (2025-05-09): XXXXX |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44811873 | 33028512 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file was missing a copy of the final title policy. | Reviewer Comment (2025-05-12): XXXXX |
05/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46173500 | 32993209 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | The file was missing a copy of Rate lock document. | Reviewer Comment (2025-03-12): XXXXX Seller Comment (2025-03-12): XXXXX |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46173500 | 33015924 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Business funds are being used to meet the reserve requirement. Guides allow funds from a business account (if the Borrower is the sole owner (or other owner is non-borrowing spouse) of the company and the company's CPA provides a statement indicating withdrawal of the funds will not negatively impact the business OR meet XXXXX guidance for cash flow analysis) XXXXX be used for down payment and reserves. Neither acceptable document was located in file and business funds are not being included in available funds. |
Reviewer Comment (2025-06-24): XXXXX Reviewer Comment (2025-05-29): XXXXX Seller Comment (2025-05-29): XXXXX Reviewer Comment (2025-05-20): XXXXX Seller Comment (2025-05-19): XXXXX Reviewer Comment (2025-05-16): XXXXX Seller Comment (2025-05-16): XXXXX Reviewer Comment (2025-04-22): XXXXX Seller Comment (2025-04-21): XXXXX Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-24): XXXXX |
06/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46173500 | 33015948 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Business funds are being used to meet the cash to close requirement. Guides allow funds from a business account (if the Borrower is the sole owner (or other owner is non-borrowing spouse) of the company and the company's CPA provides a statement indicating withdrawal of the funds will not negatively impact the business OR meet XXXXX guidance for cash flow analysis) XXXXX be used for down payment and reserves. Neither acceptable document was located in file and business funds are not being included in available funds. | Reviewer Comment (2025-06-24): XXXXX Reviewer Comment (2025-05-29): XXXXX Seller Comment (2025-05-29): XXXXX Reviewer Comment (2025-05-20): XXXXX Seller Comment (2025-05-19): XXXXX Reviewer Comment (2025-05-16): XXXXX Seller Comment (2025-05-16): XXXXX Reviewer Comment (2025-04-22): XXXXX Seller Comment (2025-04-21): XXXXX Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-24): XXXXX |
06/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48509732 | 33002994 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Tax Certificate Fee. Fee Amount of $25.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Title - Tax Certificate Fee. Fee Amount of $25.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-10): XXXXX |
03/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48509732 | 33003162 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Guides state funds from a business account (if the Borrower is the sole owner (or other owner is non-borrowing spouse) of the company and the company's CPA provides a statement indicating withdrawal of the funds will not negatively impact the business OR meet XXXXX guidance for cash flow analysis) XXXXX be used for down payment and reserves. File does not contain a CPA letter or cash flow analysis to allow use of business funds for reserves. | Reviewer Comment (2025-03-27): XXXXX Reviewer Comment (2025-03-26): XXXXX Reviewer Comment (2025-03-25): XXXXX Seller Comment (2025-03-24): XXXXX Reviewer Comment (2025-03-20): XXXXX Seller Comment (2025-03-20): XXXXX Reviewer Comment (2025-03-14): XXXXX Seller Comment (2025-03-14): XXXXX |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48509732 | 33003167 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2025-03-27): XXXXX |
03/27/2025 | 1 | B | A | C | A | B | A | C | A | B | A | IL | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48509732 | 33003168 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Based on the loan failing one or more guideline components, the loan is at ATR risk. | Reviewer Comment (2025-03-27): XXXXX |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48509732 | 33026140 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | File is missing documentation to support the use of business funds will not negatively impact business. | Reviewer Comment (2025-03-26): XXXXX Reviewer Comment (2025-03-20): XXXXX Seller Comment (2025-03-20): XXXXX |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46184314 | 33030011 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-13): XXXXX |
03/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46184314 | 33030119 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41511108 | 33039425 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided | 03/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | KY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41511108 | 33039426 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.99299% or Final Disclosure APR of 9.06900% is equal to or greater than the threshold of APOR 6.92% + 1.5%, or 8.42000%. Non-Compliant Higher Priced Mortgage Loan. | Final Disclosure APR of 9.06900% is equal to or greater than the threshold of APOR 6.92% + 1.5%, or 8.42000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | KY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41511108 | 33039427 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-21): XXXXX Reviewer Comment (2025-03-20): XXXXX Seller Comment (2025-03-20): XXXXX |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | KY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41511108 | 33039430 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Document Handling Fee. Fee Amount of $25.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Document Handling Fee was last disclosed as $0.00 on LE but disclosed as $25.00 on Final Closing Disclosure. File does contain a valid COC for this fee, cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-14): XXXXX |
03/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | KY | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41511108 | 33039583 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | KY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41511108 | 33039584 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-03-19): XXXXX Seller Comment (2025-03-19): XXXXX |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | KY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41511108 | 33104566 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of revised valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-03-27): XXXXX Reviewer Comment (2025-03-26): XXXXX Seller Comment (2025-03-26): XXXXX Reviewer Comment (2025-03-25): XXXXX Seller Comment (2025-03-25): XXXXX Reviewer Comment (2025-03-24): XXXXX |
03/27/2025 | 2 | B | B | B | B | B | KY | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41768534 | 32840518 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Refinance - Cash-out - Other | D | B | A | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41768534 | 32840519 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.39863% or Final Disclosure APR of 8.46400% is equal to or greater than the threshold of APOR 6.88% + 1.5%, or 8.38000%. Non-Compliant Higher Priced Mortgage Loan. | Final Disclosure APR of 8.46400% is equal to or greater than the threshold of APOR 6.88% + 1.5%, | Reviewer Comment (2025-02-21): XXXXX Seller Comment (2025-02-21): XXXXX Reviewer Comment (2025-02-20): XXXXX Seller Comment (2025-02-19): XXXXX |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Cash-out - Other | D | B | A | A | C | B | D | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41768534 | 32840521 | Compliance | Compliance | State Compliance | Misc. State Level | XXXXX CMPA Home Loan Toolkit Status | XXXXX Consumer Mortgage Protection Act: Home Loan Toolkit not provided to borrower. | Home Loan Toolkit not provided to borrower. | Reviewer Comment (2025-02-19): XXXXX Seller Comment (2025-02-19): XXXXX |
02/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Refinance - Cash-out - Other | D | B | A | A | C | B | D | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41768534 | 32840522 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $33.50 exceeds tolerance of $25.00. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee amount of $33.50 exceeds tolerance of $25.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-02-13): XXXXX |
02/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MI | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | D | B | A | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41768534 | 32840542 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Seller Comment (2025-02-19): XXXXX Reviewer Comment (2025-02-19): XXXXX Seller Comment (2025-02-18): XXXXX |
02/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Primary | Refinance - Cash-out - Other | D | B | A | A | C | B | D | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41768534 | 32840550 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-02-24): XXXXX Seller Comment (2025-02-24): XXXXX |
02/24/2025 | 1 | D | A | D | A | D | A | D | A | D | A | MI | Primary | Refinance - Cash-out - Other | D | B | A | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43167714 | 33101551 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Administration Fee. Fee Amount of $400.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Administration Fee. Fee Amount of $400.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-31): XXXXX |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43167714 | 33101552 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Desk Review Fee. Fee Amount of $165.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Appraisal Desk Review Fee. Fee Amount of $165.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-31): XXXXX |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43167714 | 33101554 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-03-31): XXXXX Seller Comment (2025-03-31): XXXXX |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Refinance - Cash-out - Other | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41873567 | 32963482 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45542355 | 33035696 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $8,000. Provide updated policy reflecting minimum coverage of XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-03-19): XXXXX Seller Comment (2025-03-19): XXXXX |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MS | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48593683 | 32926735 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47632755 | 33071672 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | The file is missing copy of e-sign consent agreement . | Reviewer Comment (2025-03-27): XXXXX Seller Comment (2025-03-27): XXXXX Reviewer Comment (2025-03-26): XXXXX Seller Comment (2025-03-26): XXXXX Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-21): XXXXX |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47632755 | 33083040 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Insurance Verification and Tax Verification. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-21): XXXXX |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47632755 | 33083043 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Insurance Verification, Mortgage Statement, and Tax Verification. | Reviewer Comment (2025-03-26): XXXXX Seller Comment (2025-03-26): XXXXX Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-21): XXXXX |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41377099 | 32941736 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 70.00000% exceeds Guideline loan to value percentage of 65.00000%. | Reviewer Comment (2025-03-05): XXXXX Seller Comment (2025-03-04): XXXXX |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41377099 | 32941737 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 70.00000% exceeds Guideline combined loan to value percentage of 65.00000%. | Reviewer Comment (2025-03-05): XXXXX Seller Comment (2025-03-04): XXXXX |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46266470 | 33079288 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47612402 | 33197435 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Rate/Term | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46383620 | 33134172 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48590947 | 33088642 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.53878% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $13,524.24 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,939.12 (an overage of $4,585.12 or 1.53878%). | XXXXX Points and Fees exceed allowable threshold by $4,585.12 or 1.53878%. | 03/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47263070 | 32950036 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Evidence of Access to funds not provided. Please provide CPA letter indicating Withdrawal of funds will not negatively impact the Business or Cash Flow Analysis to confirm that the withdrawal of funds for this transaction will not have a negative impact on the business | Reviewer Comment (2025-03-31): XXXXX Reviewer Comment (2025-03-24): XXXXX |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47263070 | 32950336 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | The file is awaiting Evidence of Access to funds. Please provide CPA letter indicating Withdrawal of funds will not negatively impact the Business or Cash Flow Analysis to confirm that the withdrawal of funds for this transaction will not have a negative impact on the business. | Reviewer Comment (2025-03-31): XXXXX Reviewer Comment (2025-03-24): XXXXX |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47263070 | 32950349 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | The file is awaiting Evidence of Access to funds. Please provide CPA letter indicating Withdrawal of funds will not negatively impact the Business or Cash Flow Analysis to confirm that the withdrawal of funds for this transaction will not have a negative impact on the business. Hence the usability of business b/s on file updated as zero | Reviewer Comment (2025-03-31): XXXXX Reviewer Comment (2025-03-24): XXXXX |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47263070 | 32950457 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $216,880.00. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-03-13): XXXXX Reviewer Comment (2025-03-12): XXXXX Seller Comment (2025-03-12): XXXXX |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47263070 | 32974064 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Subject is short term rental. File is missing required 3rd party verification STR are legally permissible (city, county etc) and licensed where applicable | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): XXXXX Buyer Comment (2025-04-02): XXXXX Reviewer Comment (2025-04-02): XXXXX Buyer Comment (2025-03-18): XXXXX Reviewer Comment (2025-03-13): XXXXX Seller Comment (2025-03-05): XXXXX |
04/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49416621 | 33125398 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-01): XXXXX |
04/01/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | B | B | B | A | A | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49416621 | 33125413 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | D | B | B | B | A | A | D | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49425470 | 33146431 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.81684% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $22,263.12 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $11,482.07 (an overage of $10,781.05 or 2.81684%). | XXXXX Points and Fees exceed allowable threshold by $10,781.05 or 2.81684%. | 04/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47788433 | 32969048 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $375.00 exceeds tolerance of $92.70. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $375.00 exceeds tolerance of $92.70. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-04): XXXXX |
03/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47380076 | 33242909 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Extension Fee. Fee Amount of $653.44 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Extension Fee. Fee Amount of $653.44 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-17): XXXXX Seller Comment (2025-04-16): XXXXX |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 32996676 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX01 declared end date. Triggered due to missing appraisal | Reviewer Comment (2025-03-13): XXXXX Seller Comment (2025-03-12): XXXXX |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 32996678 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | The file was missing a copy of Title. | Reviewer Comment (2025-03-12): XXXXX Seller Comment (2025-03-12): XXXXX |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 32996679 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | The file was missing a copy of Appraisal. | Reviewer Comment (2025-03-12): XXXXX Seller Comment (2025-03-12): XXXXX |
03/12/2025 | 1 | D | A | D | A | D | A | D | A | D | A | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 32996682 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The file was missing a copy of 1084/ income worksheet and 12 months Account Statements - Business. | Reviewer Comment (2025-03-13): XXXXX Seller Comment (2025-03-12): XXXXX |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 32996695 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | The file was missing a copy of Initial 1003. | Reviewer Comment (2025-03-13): XXXXX Seller Comment (2025-03-12): XXXXX |
03/13/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 32996697 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | The file was missing a copy of loan approval. | Reviewer Comment (2025-03-12): XXXXX Seller Comment (2025-03-12): XXXXX |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 32996709 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | The file was missing a copy of Appraisal. | Reviewer Comment (2025-03-12): XXXXX Seller Comment (2025-03-12): XXXXX |
03/12/2025 | 1 | D | A | D | A | D | A | D | A | D | A | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 32996870 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | As per final 1003 borrower qualified with bank statement income, However missing 12 months of Business bank statements along with the Income worksheet. | Reviewer Comment (2025-03-13): XXXXX Seller Comment (2025-03-12): XXXXX |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 32996889 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.54371% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,082.50 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $9,382.12 (an overage of $1,700.38 or .54371%). | XXXXX Points and Fees exceed allowable threshold by $1,700.38 or .54371%. | 03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MN | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | D | A | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 32996892 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank XXXXX): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | The file was missing a copy of Homeownership Counseling Organizations to borrower. | 03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 32996894 | Compliance | Compliance | State Compliance | Misc. State Level | XXXXX Tangible Net Benefit Disclosure | XXXXX Residential Mortgage Originator and Servicer Licensing Act: Tangible Net Benefit Disclosure not provided to the Borrower. | Reviewer Comment (2025-03-20): XXXXX |
03/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 32996895 | Compliance | Compliance | Federal Compliance | TRID | TRID Settlement Service Provider Status | TILA-RESPA Integrated Disclosure: Borrower not provided with list of service providers. | The file was missing a copy of list of service providers. | Reviewer Comment (2025-03-20): XXXXX |
03/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MN | Primary | Refinance - Cash-out - Other | No Defined Cure | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 32996896 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $1,746.50 exceeds tolerance of $1,090.00 plus 10% or $1,199.00. Insufficient or no cure was provided to the borrower. | Ten Percent Fee Tolerance exceeded. Total amount of $1,746.50 exceeds tolerance of $1,090.00 plus 10% or $1,199.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-20): XXXXX Seller Comment (2025-03-19): XXXXX Reviewer Comment (2025-03-18): XXXXX Seller Comment (2025-03-17): XXXXX |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | D | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 33019819 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Exception triggered due to loan failing ATR. Once the ATR issues are resolved, exception will be updated. | Reviewer Comment (2025-03-14): XXXXX |
03/14/2025 | 1 | B | A | C | A | B | A | C | A | B | A | MN | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | D | B | D | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 33019820 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Bank Statements | Ability-to-Repay (Dodd-Frank XXXXX): Unable to verify current employment status using reasonably reliable third-party records. | Source used for third party business verification is not dated and does not meet requirements. | Reviewer Comment (2025-03-14): XXXXX Seller Comment (2025-03-12): XXXXX |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 33019821 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank XXXXX): General Ability-to-Repay requirements not satisfied. | Exception triggered due to missing income documentation. | Reviewer Comment (2025-03-14): XXXXX |
03/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 33019822 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Bank Statements | Ability to Repay (Dodd-Frank XXXXX): Unable to verity Bank Statement income due to, other verification was not provided from a reliable third party income source. | Third party business source is not dated and does not meet requirements. | Reviewer Comment (2025-03-14): XXXXX Seller Comment (2025-03-12): XXXXX |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 33023948 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-03-13): XXXXX Seller Comment (2025-03-12): XXXXX |
03/13/2025 | 1 | A | A | A | A | A | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 33023975 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/12/2025 | 2 | B | B | B | B | B | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 33030012 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2025-03-14): XXXXX |
03/14/2025 | 1 | A | A | A | A | A | MN | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM Loan Designation | D | B | D | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 33030013 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank XXXXX): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of 74.05736% significantly exceeds the guideline maximum of 50.00%. (DTI Exception requires compelling compensating factors to consider regrading to EV2-B.) | Reviewer Comment (2025-03-14): XXXXX |
03/14/2025 | 1 | A | A | A | A | A | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 33030014 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | Reviewer Comment (2025-03-21): XXXXX Seller Comment (2025-03-20): XXXXX Reviewer Comment (2025-03-20): XXXXX Seller Comment (2025-03-19): XXXXX |
03/21/2025 | 1 | A | A | A | A | A | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 33030026 | Compliance | Compliance | Federal Compliance | TRID | ECOA Appraisal Disclosure - ECOA Timing | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | Reviewer Comment (2025-03-20): XXXXX |
03/20/2025 | 2 | B | B | B | B | B | MN | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44486318 | 33086995 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $138.00 exceeds tolerance of $92.00 plus 10% or $101.20. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-20): XXXXX |
03/20/2025 | 1 | A | A | A | A | A | MN | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | D | B | D | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49174921 | 32831779 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49174921 | 32831802 | Compliance | Compliance | Federal Compliance | FACTA | FACTA Disclosure Missing | FACTA Disclosure Rule: Creditor did not provide FACTA Credit Score Disclosure. | The file is missing a copy of the Facta Disclosure. | 02/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49174921 | 32831865 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | The file is missing a copy of E-Sign Consent Agreement. | Reviewer Comment (2025-02-17): XXXXX Seller Comment (2025-02-17): XXXXX |
02/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49174921 | 32832315 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Originator Loan Designation of Non QM does not match Due Diligence loan designation of ATR Fail because Third-party document missing on file for Business XXXXX. | Reviewer Comment (2025-02-19): XXXXX Seller Comment (2025-02-18): XXXXX Seller Comment (2025-02-17): XXXXX |
02/19/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Second Home | Purchase | Lender to provide updated ATR/QM status | D | B | D | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49174921 | 32832316 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Employment - Schedule C Test | Ability-to-Repay (Dodd-Frank XXXXX): Unable to verify current Sole Proprietorship status using reasonably reliable third-party records. | Unable to verify current Sole Proprietorship status as the file is missing Third-party document missing on file for Business XXXXX. | Reviewer Comment (2025-02-19): XXXXX Seller Comment (2025-02-18): XXXXX Seller Comment (2025-02-17): XXXXX |
02/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49174921 | 32832317 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank XXXXX): General Ability-to-Repay requirements not satisfied. | ATR failure due to insufficient income documentation as Third-party document missing on file for Business XXXXX. | Reviewer Comment (2025-02-19): XXXXX |
02/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Second Home | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49174921 | 32832335 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Final LE is required to be received by borrower at least 1 day prior to Initial CD. Based on documentation in file, Final LE was received by borrower on or after date Initial CD was received. Evidence of earlier receipt of LE was not located in file. | Reviewer Comment (2025-02-18): XXXXX Seller Comment (2025-02-17): XXXXX |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | No Defined Cure | D | B | D | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49174921 | 32832369 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Third party document missing on file for Business XXXXX. | Reviewer Comment (2025-02-18): XXXXX Seller Comment (2025-02-18): XXXXX Reviewer Comment (2025-02-17): XXXXX Seller Comment (2025-02-17): XXXXX |
02/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49174921 | 32832421 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | File does not contain documentation from lender/seller confirming the condo is warrantable | Reviewer Comment (2025-02-17): XXXXX Seller Comment (2025-02-17): XXXXX |
02/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49174921 | 32832464 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | The file is missing Credit Report document | Reviewer Comment (2025-02-17): XXXXX Seller Comment (2025-02-17): XXXXX |
02/17/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Second Home | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49496257 | 33040056 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44514025 | 32988137 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46479223 | 33152842 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.35472% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $8,345.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,462.62 (an overage of $882.38 or .35472%). | XXXXX Points and Fees exceed allowable threshold by $882.38 or .35472%. | 04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46479223 | 33152845 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after XX/XX/XX contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | TRID timing exception, no remediation available. | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46479223 | 33152862 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $585.00 exceeds tolerance of $505.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal fee was last disclosed as $505.00 on the Loan Estimate, but disclosed as $585.00 on the Final Closing disclosure. No valid change of circumstance or cure provided for this fee. | Reviewer Comment (2025-04-01): XXXXX |
04/01/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40665424 | 32969084 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | Total fees financed by lender exceed permitted threshold. HOEPA Disclosure is not located in file. | Reviewer Comment (2025-03-11): XXXXX Seller Comment (2025-03-07): XXXXX |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40665424 | 32969085 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) | Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of 4% of the amount past due or grace period of less than 15 days. | Total fees financed by lender exceed permitted threshold. Late charge exceeds max of 4% of amount past due and/or grace period of 15 days. | Reviewer Comment (2025-03-11): XXXXX Seller Comment (2025-03-07): XXXXX |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40665424 | 32969086 | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of 5.29157% is in excess of the allowable maximum of 5.00000% of the Federal Total Loan Amount. Points and Fees of $16,290.98 on a Federal Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $897.64 or .29157%). Non-Compliant High Cost Loan. | Points and Fees on subject loan of 5.29157% is in excess of the allowable maximum of 5.00000% of the Federal Total Loan Amount. Points and Fees of $16,290.98 on a Federal Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $897.64 or .29157%). Non-Compliant High Cost Loan. | Reviewer Comment (2025-03-11): XXXXX Seller Comment (2025-03-07): XXXXX |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40665424 | 32969087 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | Total fees financed by lender exceed permitted threshold. Pre-Loan Counseling status if not located in file. | Reviewer Comment (2025-03-11): XXXXX Seller Comment (2025-03-07): XXXXX |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40665424 | 32969088 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.29157% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $16,290.98 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $9,236.00 (an overage of $7,054.98 or 2.29157%). | XXXXX Points and Fees exceed allowable threshold by $7,054.98 or 2.29157% | 03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40665424 | 32970682 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | CPA Letter verified that only $49,000.00 can be used from the Business funds for Reserves. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40665424 | 32970689 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | CPA Letter verified that only $49,000.00 can be used from the Business funds for Reserves. | Reviewer Comment (2025-04-15): XXXXX |
04/15/2025 | 1 | B | A | C | A | B | A | C | A | B | A | NC | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40665424 | 32970690 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | CPA Letter verified that only $49,000.00 can be used from the Business funds for Reserves. | Reviewer Comment (2025-04-15): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41904028 | 33038163 | Compliance | Compliance | State Compliance | State Defect | XXXXX SB270 Prepayment Penalty Test XXXXX Investment Test | XXXXX SB270: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Reviewer Comment (2025-03-27): XXXXX Reviewer Comment (2025-03-25): XXXXX Seller Comment (2025-03-21): XXXXX |
03/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48576436 | 32841824 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 02/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Second Home | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48576436 | 32841825 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Second Home | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48576436 | 32843125 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The file is missing a copy of 1008 with correct loan amount . Calculated CLTV does not match that on 1008. | Reviewer Comment (2025-02-20): XXXXX |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Second Home | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48576436 | 32863204 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Issue: Ineligible borrower | Per loan program guidelines, a business entity is not an eligible borrower. | Borrower has been employed in the same industry for more than 5 years. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-02-25): XXXXX Reviewer Comment (2025-02-19): XXXXX Seller Comment (2025-02-19): XXXXX |
02/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | PA | Second Home | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40659718 | 33033175 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower 3 business days prior to closing was not provided. | 03/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | DE | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45145678 | 33182919 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | File is missing a copy of final 1003 | Reviewer Comment (2025-04-22): XXXXX Reviewer Comment (2025-04-16): XXXXX Seller Comment (2025-04-16): XXXXX Reviewer Comment (2025-04-14): XXXXX |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45145678 | 33182934 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | File is missing a copy of rate lock | Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47142761 | 33038325 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.92005% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $56,155.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $42,975.20 (an overage of $13,179.80 or .92005%). | XXXXX Points and Fees exceed allowable threshold by $13,179.80 or .92005%. | 03/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47142761 | 33038327 | Compliance | Compliance | State Compliance | State Defect | XXXXX SB 1894 | XXXXX (SB 1894) - Certificate of Compliance or Exemption not attached to mortgage for recording. | Certificate of Compliance or Exemption not attached to mortgage for recording. | Reviewer Comment (2025-03-19): XXXXX Seller Comment (2025-03-19): XXXXX |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47142761 | 33038329 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $39,660.00 exceeds tolerance of $7,785.00. Insufficient or no cure was provided to the borrower. | Loan Discount Points Fee was last disclosed as $7,785.00 on LE but disclosed as $39,660.00 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $31,875.00, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-03-20): XXXXX Seller Comment (2025-03-19): XXXXX |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47142761 | 33038371 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | The file was missing a copy of the E-sigh Consent Agreement Document. | Reviewer Comment (2025-03-19): XXXXX Seller Comment (2025-03-18): XXXXX |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41907379 | 32984689 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42275681 | 33030912 | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-03-26): XXXXX Seller Comment (2025-03-25): XXXXX |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43923111 | 32962478 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee. Fee Amount of $26,125.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Loan Origination Fee. Fee Amount of $26,125.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-07): XXXXX Seller Comment (2025-03-06): XXXXX |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46738185 | 32934282 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 02/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46738185 | 32934283 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Last Date Rate Set and Initial Rate Lock Date not provided. | 02/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46738185 | 32934284 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.46518% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,144.35 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,782.53 (an overage of $1,361.82 or .46518%). | XXXXX Points and Fees exceed allowable threshold by $1,361.37 or .46500%. | 02/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46738185 | 32934317 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated XX/XX/XX was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely XXXXX result in additional fee tolerance violations. | Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated XX/XX/XX was electronically provided without or prior to borrower's consent to receive electronic disclosures. | Reviewer Comment (2025-03-04): XXXXX Seller Comment (2025-03-03): XXXXX |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46738185 | 32934319 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Timing Before Closing | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on XX/XX/XX not received by borrower at least four (4) business days prior to closing. | Revised Loan Estimate provided on XX/XX/XX not received by borrower at least four (4) business days prior to closing. | Reviewer Comment (2025-03-04): XXXXX Seller Comment (2025-03-03): XXXXX |
03/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46738185 | 32934329 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $5,497.15 exceeds tolerance of $1,255.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $5,497.15 exceeds tolerance of $1,255.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-05): XXXXX Reviewer Comment (2025-03-04): XXXXX Seller Comment (2025-03-03): XXXXX |
03/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47603788 | 32995060 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47603788 | 32995061 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47567603 | 33022221 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-03-21): XXXXX |
03/21/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NV | Primary | Purchase | D | B | C | B | A | A | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47567603 | 33058054 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per LOE in file, borrower is living rent fee since XX/XX/XX, per guides, borrowers who have lived in a rent-free situation are ineligible. If a Borrower has lived in a temporarily rent-free situation for a time period of 3 months or less, and the prior 12 months can be documented, this is acceptable. |
Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-18): XXXXX |
03/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NV | Primary | Purchase | D | B | C | B | A | A | D | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40493192 | 33134046 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | Rate Lock document is missing. | Reviewer Comment (2025-04-01): XXXXX |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48464984 | 32992953 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification of appraisal was delivered to borrower was not provided | 03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43236152 | 33010488 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided | 03/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43236152 | 33010532 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42940975 | 33145115 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 04/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NH | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42940975 | 33145116 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 04/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NH | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44842204 | 33021209 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 6.06133% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $18,436.18 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $9,124.81 (an overage of $9,311.37 or 3.06133%). | XXXXX Points and Fees exceed allowable threshold by $9,311.37 or 3.06133%. | 03/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44842204 | 33021213 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-12): XXXXX |
03/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44842204 | 33021214 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $92.07 exceeds tolerance of $80.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $92.07 exceeds tolerance of $80.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-12): XXXXX |
03/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44842204 | 33021270 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reserve requirement is not meeting. Kindly provide additional assets to cover the reserve requirement. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-21): XXXXX Reviewer Comment (2025-03-19): XXXXX Seller Comment (2025-03-19): XXXXX Reviewer Comment (2025-03-17): XXXXX Seller Comment (2025-03-17): XXXXX |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44842204 | 33021282 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan is failing ATR due to not meeting guidelines reserve requirement. | Reviewer Comment (2025-03-27): XXXXX Seller Comment (2025-03-24): XXXXX |
03/27/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44842204 | 33021283 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan is failing ATR due to not meeting guidelines reserve requirement. | Reviewer Comment (2025-03-27): XXXXX Seller Comment (2025-03-26): XXXXX Seller Comment (2025-03-24): XXXXX |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48722654 | 33099266 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Closing Disclosure Issue Date Not Provided | TILA-RESPA Integrated Disclosure: Closing Disclosure estimated to be provided on XX/XX/XX did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available. | Closing Disclosure estimated to be provided on XX/XX/XX did not disclose the actual Date Issued. Unable to conclusively determine Final Closing disclosure to use to test for compliance with applicable TRID timing requirements, TRID fee tolerance testing or accuracy of disclosures at or before consummation due to missing Issue Date. Tested using an estimated Date Issued based on best information available. | Reviewer Comment (2025-04-06): XXXXX Reviewer Comment (2025-04-01): XXXXX |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | Good Faith Redisclosure | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48722654 | 33099267 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Reviewer Comment (2025-04-06): XXXXX Reviewer Comment (2025-04-01): XXXXX |
04/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | No Defined Cure | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48722654 | 33099862 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | B | B | C | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43581871 | 33094760 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42671701 | 33137100 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Verified assets in the amount of $3,642.63 are insufficient to meet reserves requirement of $4,175.97. Final 1008 reflects $4,250.00 verified, however, net proceeds from sale of property calculated at $3,642.63 a difference of $607.37. No additional assets provided. | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-03): XXXXX Reviewer Comment (2025-04-02): XXXXX Seller Comment (2025-04-01): XXXXX |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AR | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40352617 | 33099898 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41873701 | 33111670 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.24833% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $15,971.25 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $11,278.25 (an overage of $4,693.00 or 1.24833%). | XXXXX Points and Fees exceed allowable threshold by $4,693.00 or 1.24833%. | 03/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41873701 | 33111675 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $129.00 exceeds tolerance of $102.00 plus 10% or $112.20. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-25): XXXXX |
03/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | IA | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41873701 | 33111676 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $90.00. Sufficient or excess cure was provided to the borrower at Closing. | Fee Amount of $92.70 exceeds tolerance of $90.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-25): XXXXX |
03/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | IA | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41873701 | 33111677 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $97.00 exceeds tolerance of $38.00. Sufficient or excess cure was provided to the borrower at Closing. | Recording Fee was last disclosed as $38.00 on LE but disclosed as $97.00 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $59.00, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-03-25): XXXXX |
03/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | IA | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42681473 | 32980099 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.87468% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $16,758.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $10,313.28 (an overage of $6,444.72 or 1.87468%). | XXXXX Points and Fees exceed allowable threshold by $6,444.72 or 1.87468%. | 03/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42681473 | 32980102 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $550.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal fee was not disclosed on the Loan Estimate but disclosed as $550 on the Final Closing disclosure. No valid change of circumstance or cure provided for this fee. | Reviewer Comment (2025-03-05): XXXXX |
03/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42681473 | 32980103 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal fee was not disclosed on the Loan Estimate but disclosed as $123.60 on the Final Closing disclosure. No valid change of circumstance or cure provided for this fee. | Reviewer Comment (2025-03-05): XXXXX |
03/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49597254 | 32959653 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49597254 | 32959654 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.09500% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $19,406.85 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $361.85 or .09500%). | XXXXX Points and Fees exceed allowable threshold by $361.85 or .09500%. | 03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49616744 | 32968975 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49800301 | 32980529 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $175.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Appraisal Re-Inspection Fee $175.00 was not disclosed on Loan Estimate. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-05): XXXXX |
03/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MO | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | D | A | A | A | D | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49800301 | 32981116 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-03-11): XXXXX Seller Comment (2025-03-10): XXXXX |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | No Defined Cure | D | A | A | A | D | A | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49800301 | 32981946 | Compliance | Compliance | Federal Compliance | TRID | TRID Lender Credit Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $0.00 exceeds tolerance of $-175.00. Sufficient or excess cure was provided to the borrower at Closing. | Lender Credits was last disclosed as $-175.00 on LE but disclosed as $0.00 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-03-05): XXXXX |
03/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MO | Primary | Refinance - Cash-out - Other | D | A | A | A | D | A | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49800301 | 32981955 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | Reviewer Comment (2025-03-10): XXXXX |
03/10/2025 | 1 | D | A | D | A | D | A | D | A | D | A | MO | Primary | Refinance - Cash-out - Other | D | A | A | A | D | A | A | A | Non QM | Non QM | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41406522 | 33021417 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | Subject transaction is purchase of second home however on final 1003 declaration section 5A. will you occupy the subject property as primary residence is marked as yes. Please provide updated 1003. | Reviewer Comment (2025-03-21): XXXXX Seller Comment (2025-03-21): XXXXX |
03/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41406522 | 33022178 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41406522 | 33022179 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - Not High Cost and Not Higher Priced | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Second Home). | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Second | Reviewer Comment (2025-03-20): XXXXX |
03/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41406522 | 33022675 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance verification missing for property located at XXXXX. | Reviewer Comment (2025-03-21): XXXXX Reviewer Comment (2025-03-18): XXXXX Seller Comment (2025-03-18): XXXXX |
03/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44526228 | 33184004 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45140603 | 33080546 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43523705 | 33103150 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | Initial Rate Lock rate date is not documented in file. | Reviewer Comment (2025-03-28): XXXXX Seller Comment (2025-03-27): XXXXX |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NH | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43523705 | 33116396 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of ___ is less than Cash From Borrower ___. | Documented qualifying Assets for Closing of $98,801.71 is less than Cash From Borrower $104,870.46. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-14): XXXXX Reviewer Comment (2025-04-11): XXXXX Seller Comment (2025-04-10): XXXXX Seller Comment (2025-04-09): XXXXX Reviewer Comment (2025-04-09): XXXXX Seller Comment (2025-04-08): XXXXX Reviewer Comment (2025-04-03): XXXXX Seller Comment (2025-04-02): XXXXX Reviewer Comment (2025-03-31): XXXXX Seller Comment (2025-03-28): XXXXX Reviewer Comment (2025-03-28): XXXXX Seller Comment (2025-03-27): XXXXX |
04/14/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NH | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40361202 | 32960111 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40361202 | 32960165 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-11): XXXXX Reviewer Comment (2025-03-07): XXXXX Seller Comment (2025-03-07): XXXXX |
03/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41127507 | 33148236 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | Security Instrument was missing on this file. | Reviewer Comment (2025-04-10): XXXXX |
04/10/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41127507 | 33148239 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Final 1003 form was missing on this file. | Reviewer Comment (2025-04-10): XXXXX |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47294213 | 33027146 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49642735 | 33037952 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal fee was last disclosed as $0 on LE but disclosed as $123.60 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. |
Reviewer Comment (2025-03-14): XXXXX |
03/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41564816 | 33101008 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided | 03/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41564816 | 33101009 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided | 03/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41564816 | 33101010 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 10.04162% or Final Disclosure APR of 10.11700% is equal to or greater than the threshold of APOR 6.73% + 2.5%, or 9.23000%. Non-Compliant Higher Priced Mortgage Loan. | Final Disclosure APR of 10.11700% is equal to or greater than the threshold of APOR 6.73% + 2.5%, or 9.23000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-04-02): XXXXX Seller Comment (2025-04-01): XXXXX |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41564816 | 33101011 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided | Reviewer Comment (2025-04-02): XXXXX |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41564816 | 33101012 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided | Reviewer Comment (2025-04-02): XXXXX Seller Comment (2025-04-01): XXXXX |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41564816 | 33101016 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $5,450.63 exceeds tolerance of $2,240.00. Insufficient or no cure was provided to the borrower. | Loan Discount Points Fee was last disclosed as $2,240.00 on LE but disclosed as $5,450.63 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $3,210.63, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-03): XXXXX Reviewer Comment (2025-04-01): XXXXX Seller Comment (2025-03-31): XXXXX |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40474863 | 33234021 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.18089% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $17,995.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $12,912.31 (an overage of $5,082.69 or 1.18089%). | XXXXX Points and Fees exceed allowable threshold by $5,082.69 or 1.18089%. | 04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40474863 | 33234023 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-04-17): XXXXX Seller Comment (2025-04-16): XXXXX |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Refinance - Rate/Term | No Defined Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40474863 | 33234024 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $13,500.00 exceeds tolerance of $11,250.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $13,500.00 exceeds tolerance of $11,250.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-09): XXXXX Seller Comment (2025-05-08): XXXXX |
05/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40474863 | 33234025 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-17): XXXXX Seller Comment (2025-04-16): XXXXX |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Second Home | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40474863 | 33434354 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-05-09): XXXXX |
05/09/2025 | 1 | A | A | A | A | A | FL | Second Home | Refinance - Rate/Term | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40541716 | 33038952 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $410.00 exceeds tolerance of $250.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $410.00 exceeds tolerance of $250.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-21): XXXXX |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40541716 | 33038953 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $30.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $30.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-03-21): XXXXX Seller Comment (2025-03-20): XXXXX |
03/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40541716 | 33098681 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $30.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | A | A | A | A | A | IN | Primary | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47982328 | 32978760 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $85.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $85.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-05): XXXXX |
03/05/2025 | 1 | A | A | A | A | A | A | A | A | A | A | AZ | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46933590 | 32969078 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46933590 | 32969079 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.89442% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $24,099.28 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $14,771.47 (an overage of $9,327.81 or 1.89442%). | XXXXX Points and Fees exceed allowable threshold by $9,327.81 or 1.89442%. | 03/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46933590 | 32969082 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure - 1026.19(f)(2) Cure | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower. | Second Appraisal Fee was last disclosed as $0.00 on LE but disclosed as $123.60 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $123.60, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-03-04): XXXXX |
03/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Provide the following: Letter of Explanation notifying borrower or error, Copy of Refund Check/Evidence of Principal Reduction, Corrected CD, and Proof of Delivery (if refund is over $35) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46933590 | 32969108 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated XX/XX/XX). The disclosed Total of Payments in the amount of $1,364,073.54 is under disclosed by $123.60 compared to the calculated total of payments of $1,364,197.14 which exceeds the $100.00 threshold. | Final Closing Disclosure provided on XX/XX/XX disclosed an inaccurate Total of Payments on page 5 that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated XX/XX/XX). The disclosed Total of Payments in the amount of $1,364,073.54 is under disclosed by $123.60 compared to the calculated total of payments of $1,364,197.14 which exceeds the $100.00 threshold. | Reviewer Comment (2025-03-26): XXXXX Seller Comment (2025-03-25): XXXXX |
03/26/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TX | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45489790 | 33040392 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.02184% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,854.69 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,081.87 (an overage of $4,772.82 or 2.02184%). | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.02184% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,854.69 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,081.87 | 03/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45489790 | 33040396 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-14): XXXXX |
03/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Second Home | Purchase | Final CD evidences Cure | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45489790 | 33055848 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception approving Borrower with more than 3 NSF within the most recent 12 Months of the Bank statement Income. Compensating fcators are Business being active for more than 4 years, Residual income and surplus Reserves. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-25): XXXXX Seller Comment (2025-03-20): XXXXX |
03/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Second Home | Purchase | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48268611 | 33101912 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $775.00 exceeds tolerance of $750.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $775.00 exceeds tolerance of $750.00. Sufficient cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48268611 | 33127881 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Issue: Ineligible borrower | 1003 and letter of explanation supports the borrower has lived rent free for more than 12 months. Guides state borrowers who have lived in a rent-free situation are ineligible. If a Borrower has lived in a temporarily rent-free situation for a time period of 3 months or less, and the prior 12 months can be documented, this is acceptable. | Borrower has verified disposable income of at least $2500.00. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): XXXXX Buyer Comment (2025-04-07): XXXXX Reviewer Comment (2025-04-03): XXXXX Seller Comment (2025-04-02): XXXXX Reviewer Comment (2025-03-31): XXXXX Seller Comment (2025-03-28): XXXXX |
04/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45425918 | 33020781 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40971998 | 33080822 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 03/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41338135 | 33176894 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47392182 | 33184485 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after XX/XX/XX contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Corrected Closing Disclosure provided on or after XX/XX/XX contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Reviewer Comment (2025-04-14): XXXXX |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Second Home | Refinance - Rate/Term | TRID timing exception, no remediation available. | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45863001 | 33181813 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.49745% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,146.04 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,702.95 (an overage of $1,443.09 or .49745%). | XXXXX Points and Fees exceed allowable threshold by $4,589.38 or 1.30059%. | 04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45526863 | 33174417 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OK | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45526863 | 33192532 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $8,435.61 is less than Cash From Borrower $42,417.26. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
Reserves: 6,544.00 Guideline Requirement: 6.00 Reserves: 6,544.00 Guideline Requirement: 6.00 Guidelines Representative FICO: 680 Representative FICO: 777 |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-09-05): XXXXX Buyer Comment (2025-04-22): XXXXX Reviewer Comment (2025-04-16): XXXXX Reviewer Comment (2025-04-14): XXXXX Reviewer Comment (2025-04-09): XXXXX Seller Comment (2025-04-08): XXXXX |
09/05/2025 | 2 | C | B | C | B | C | B | C | B | C | B | OK | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43479653 | 33087595 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-20): XXXXX |
03/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43647294 | 33182709 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43647294 | 33182746 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.32773% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $33,426.96 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $23,171.72 (an overage of $10,255.24 or 1.32773%). | XXXXX Points and Fees exceed allowable threshold by $10,255.24 or 1.32773%. | 04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43647294 | 33182750 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal Fee was last disclosed as $0.00 on LE but disclosed as $123.60 on Final Closing Disclosure. File does not contain a valid COC for this fee, Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-03): XXXXX |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47228501 | 33063923 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MO | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41146597 | 33188794 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48451050 | 33291107 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 04/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48451050 | 33291110 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Have Escrow - Initial Escrow Payment By All Parties | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX disclosed an Initial Escrow Payment that includes both borrower and non-borrower paid amounts. | Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX disclosed an Initial Escrow Payment that includes both borrower and non-borrower paid amounts. | Reviewer Comment (2025-04-23): XXXXX |
04/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40408324 | 33095843 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.30304% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $16,809.44 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $15,267.25 (an overage of $1,542.19 or .30304%). | XXXXX Points and Fees exceed allowable threshold by $1,542.19 or .30304%. | 03/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40408324 | 33095883 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Lender to provide insurance policy. | Reviewer Comment (2025-03-28): XXXXX Seller Comment (2025-03-27): XXXXX |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40408324 | 33096119 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Lender to provide insurance policy. | Reviewer Comment (2025-03-28): XXXXX Seller Comment (2025-03-27): XXXXX |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41110989 | 33206619 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41110989 | 33206829 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45486355 | 32928218 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Post Disaster Inspection Report missing in the file. | Reviewer Comment (2024-11-22): XXXXX Buyer Comment (2024-11-21): XXXXX |
11/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45486355 | 32928219 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.81990% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,422.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,185.02 (an overage of $2,236.98 or .81990%). | Buyer Comment (2024-11-18): XXXXX |
11/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45486355 | 32928221 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Missing CPA statement indicating withdrawal of the funds will not negatively impact the business. | Reviewer Comment (2024-11-21): XXXXX Buyer Comment (2024-11-19): XXXXX |
11/21/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45486355 | 32928223 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing CPA letter for the business confirming borrower is 25% or greater ownership. Business entity doc in file reflects 2 owners, unable to ascertain ownership percentage. | Reviewer Comment (2024-11-29): XXXXX Buyer Comment (2024-11-27): XXXXX Reviewer Comment (2024-11-21): XXXXX Buyer Comment (2024-11-19): XXXXX |
11/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46200139 | 32928254 | Compliance | Compliance | State Compliance | State Late Charge | XXXXX First Lien Late Charge Grace Period Testing | XXXXX Late Charge: Note grace period of 5 days is less than the state minimum of 15 days. | XXXXX First Lien Late Charge Grace Period Testing | Buyer Comment (2024-11-06): XXXXX |
11/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46200139 | 32928255 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | We have two copies of the appraisal. The report dated XX/XX/XX reflects 4 units and the report datedXX/XX/XX reflects 3 units. Provide an updated appraisal with the correct number of units. | Reviewer Comment (2024-11-29): XXXXX Buyer Comment (2024-11-27): XXXXX Reviewer Comment (2024-11-15): XXXXX Buyer Comment (2024-11-14): XXXXX Reviewer Comment (2024-11-13): XXXXX Buyer Comment (2024-11-11): XXXXX |
11/29/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46200139 | 32928256 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Missing evidence of access to business funds for XXXXX. | Reviewer Comment (2024-11-15): XXXXX Buyer Comment (2024-11-14): XXXXX Reviewer Comment (2024-11-13): XXXXX Buyer Comment (2024-11-11): XXXXX |
11/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46200139 | 32928257 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the detailed calculation of the DSCR value used by the lender. The audit DSCR does not match the lender DSCR. | Reviewer Comment (2024-11-15): XXXXX Buyer Comment (2024-11-13): XXXXX |
11/15/2024 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43366742 | 32928502 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Disaster Name: ___ Disaster Declaration Date: ___ |
Post Disaster Inspection Report missing in the file. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2024-12-06): XXXXX |
12/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43366742 | 32928503 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | 1008 with corrected insurance amount is required. Lender 1008 reflects HOI of $170.00/month and the actual amount is $214.67/month. | Reviewer Comment (2024-12-10): XXXXX Buyer Comment (2024-12-09): XXXXX |
12/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49363885 | 32928546 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2024-11-22): XXXXX Buyer Comment (2024-11-20): XXXXX |
11/22/2024 | 1 | B | A | B | A | B | A | B | A | B | A | IA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49363885 | 32928547 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2024-11-22): XXXXX Buyer Comment (2024-11-20): XXXXX |
11/22/2024 | 1 | B | A | B | A | B | A | B | A | B | A | IA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49363885 | 32928548 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.76764% or Final Disclosure APR of 8.78400% is equal to or greater than the threshold of APOR 6.12% + 1.5%, or 7.62000%. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2024-11-22): XXXXX Buyer Comment (2024-11-20): XXXXX |
11/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49363885 | 32928549 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Duplicate Exception, please override. | Reviewer Comment (2024-11-22): XXXXX Buyer Comment (2024-11-20): XXXXX |
11/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49363885 | 32928553 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Missing CPA statement indicating withdrawal of the funds will not negatively impact the business using acct# XXXXX and XXXXX. | Reviewer Comment (2024-11-22): XXXXX Buyer Comment (2024-11-21): XXXXX |
11/22/2024 | 1 | C | A | C | A | C | A | C | A | C | A | IA | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42040811 | 32928740 | Credit | Credit | Credit Documentation | Credit | There is no lease in place for the subject property and the absence of this document casts doubt on business purpose of loan. | Lease agreement is missing in file for subject property. | Reviewer Comment (2024-11-27): XXXXX Buyer Comment (2024-11-23): XXXXX |
11/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42040811 | 32928741 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to the most recent FEMA disaster. | Most Recent Valuation Inspection Date: ___ Disaster End Date: ___ Disaster Name: ___ Disaster Declaration Date: ___ |
The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photo and the property must be re-inspected on or after XX/XX/XX declared end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. | Property inspected post disaster but pre-FEMA declaration of disaster end date. Date of disaster: XX/XX/XX | SitusAMC | Reviewer Comment (2024-12-13): XXXXX Reviewer Comment (2024-11-27): XXXXX Buyer Comment (2024-11-23): XXXXX |
12/13/2024 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42040811 | 32928743 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Disclosure was provided at closing. | Buyer Comment (2024-12-06): XXXXX Reviewer Comment (2024-11-25): XXXXX Buyer Comment (2024-11-22): XXXXX |
12/06/2024 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42040811 | 32928744 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Due to inability to locate required lease, LTV was reduced by 5% creating a minimum LTV requirement issue. Appraisal reflects vacant property as of XX/XX/XX. Subject to current lease. | Reviewer Comment (2024-11-27): XXXXX Buyer Comment (2024-11-23): XXXXX |
11/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44291685 | 32928800 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank XXXXX): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Reviewer Comment (2024-12-13): XXXXX Buyer Comment (2024-12-12): XXXXX |
12/13/2024 | 1 | B | A | B | A | B | A | B | A | B | A | HI | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44291685 | 32928802 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower within 3 days of closing was not provided. Waiver not provided. | Buyer Comment (2024-12-26): XXXXX Reviewer Comment (2024-12-24): XXXXX Buyer Comment (2024-12-20): XXXXX Reviewer Comment (2024-12-13): XXXXX Buyer Comment (2024-12-12): XXXXX |
12/26/2024 | 2 | B | B | B | B | B | B | B | B | B | B | HI | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40674354 | 32929000 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.74460% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $8,520.26 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,826.03 (an overage of $1,694.23 or .74460%). | EV2 informational exception. | Buyer Comment (2024-12-18): XXXXX |
12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | C | A | B | B | D | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40674354 | 32929001 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | VOR for XXXXX not found at time of review, need 12 months satisfactory rental history. | Reviewer Comment (2024-12-24): XXXXX Buyer Comment (2024-12-24): XXXXX |
12/24/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | D | B | C | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40674354 | 32929003 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Missing XXXXX, | Reviewer Comment (2024-12-24): XXXXX Buyer Comment (2024-12-24): XXXXX |
12/24/2024 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Primary | Purchase | D | B | C | A | B | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47172404 | 32929126 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report document is missing. | Reviewer Comment (2024-12-31): XXXXX Buyer Comment (2024-12-31): XXXXX |
12/31/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47172404 | 32929127 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | OFAC document is missing. | Reviewer Comment (2024-12-31): XXXXX Buyer Comment (2024-12-31): XXXXX Reviewer Comment (2024-12-27): XXXXX Buyer Comment (2024-12-27): XXXXX Buyer Comment (2024-12-26): XXXXX |
12/31/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47172404 | 32929129 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Hazard Insurance Policy Effective Date XX/XX/XX, Disbursement Date: XX/XX/XX | Reviewer Comment (2024-12-31): XXXXX Buyer Comment (2024-12-31): XXXXX |
12/31/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46578748 | 32929172 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-12-20): XXXXX Buyer Comment (2024-12-19): XXXXX |
12/20/2024 | 1 | D | A | D | A | D | A | D | A | D | A | NV | Investment | Purchase | D | A | A | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48576258 | 32929197 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Closing Protection Letter missing in the file. | Reviewer Comment (2024-12-18): XXXXX Buyer Comment (2024-12-18): XXXXX |
12/18/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44331582 | 32929282 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Appraisal is dated XX/XX/XX which is after the disaster date but there is no end date provided. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
68 vs 6 | SitusAMC,Aggregator SitusAMC |
Reviewer Comment (2024-12-18): XXXXX |
12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44331582 | 32929283 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Guidelines allow max LTV of 70% on Refi Rate/Term with DSCR of 0.90. Lender Exception form provided in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
68 vs 6 | SitusAMC,Aggregator SitusAMC |
Reviewer Comment (2024-12-18): XXXXX |
12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44331582 | 32929284 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Guidelines allow max CLTV of 70% on Refi Rate/Term with DSCR of 0.90. Lender Exception form provided in file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
68 vs 6 | SitusAMC,Aggregator SitusAMC |
Reviewer Comment (2024-12-18): XXXXX |
12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44331582 | 32929285 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization missing in file. | Reviewer Comment (2024-12-23): XXXXX Buyer Comment (2024-12-23): XXXXX |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44331582 | 32929286 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing missing in file. | Reviewer Comment (2024-12-23): XXXXX Buyer Comment (2024-12-23): XXXXX |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44331582 | 32929287 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement not provided in file. | Reviewer Comment (2024-12-23): XXXXX Buyer Comment (2024-12-23): XXXXX |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44331582 | 32929289 | Credit | Insurance | Insurance Documentation | Insurance | Missing Document: Hazard Dec Page not provided | File contains a commercial hazard policy that covers numerous properties. In order to properly test the DSCR, we need a breakdown of the annual premium amount that would be allocated to each property. DSCR is subject to further review,. | Reviewer Comment (2025-01-02): XXXXX Reviewer Comment (2024-12-30): XXXXX Buyer Comment (2024-12-27): XXXXX |
01/02/2025 | 1 | A | A | A | A | A | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42265716 | 32929302 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Post Disaster Inspection Report missing in the file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
68 vs 6 | SitusAMC,Aggregator SitusAMC |
Reviewer Comment (2024-12-18): XXXXX |
12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42265716 | 32929303 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization / Formation for XXXXX is missing in file. | Reviewer Comment (2024-12-23): XXXXX Buyer Comment (2024-12-20): XXXXX |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42265716 | 32929304 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing for XXXXX is missing in file. | Reviewer Comment (2024-12-23): XXXXX Buyer Comment (2024-12-20): XXXXX |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42265716 | 32929306 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement for XXXXX is missing in file. | Reviewer Comment (2024-12-23): XXXXX Buyer Comment (2024-12-20): XXXXX |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42265716 | 32929307 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Lender Exception request form in file | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
68 vs 6 | SitusAMC,Aggregator SitusAMC |
Reviewer Comment (2024-12-18): XXXXX |
12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42265716 | 32929308 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Lender Exception request form in file | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
68 vs 6 | SitusAMC,Aggregator SitusAMC |
Reviewer Comment (2024-12-18): XXXXX |
12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42265716 | 32929309 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | File contains a commercial hazard policy that covers numerous properties. In order to properly test the DSCR, we need a breakdown of the annual premium amount that would be allocated to each property. DSCR is subject to further review,. | Reviewer Comment (2024-12-26): XXXXX Buyer Comment (2024-12-26): XXXXX Reviewer Comment (2024-12-24): XXXXX Buyer Comment (2024-12-20): XXXXX |
12/26/2024 | 1 | A | A | A | A | A | NC | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42013708 | 32929310 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2024-12-24): XXXXX Buyer Comment (2024-12-23): XXXXX |
12/24/2024 | 1 | D | A | D | A | D | A | D | A | D | A | NC | Investment | Refinance - Rate/Term | D | B | C | B | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42013708 | 32929312 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Post Disaster Inspection Report missing in the file. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
68 vs 6 | SitusAMC,Aggregator SitusAMC |
Reviewer Comment (2024-12-18): XXXXX |
12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | D | B | C | B | A | A | D | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42013708 | 32929313 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization / Formation for Business "XXXXX" is missing in file | Reviewer Comment (2024-12-23): XXXXX Buyer Comment (2024-12-20): XXXXX |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Rate/Term | D | B | C | B | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42013708 | 32929314 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing for business "XXXXX" is missing in file. | Reviewer Comment (2024-12-23): XXXXX Buyer Comment (2024-12-20): XXXXX |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Rate/Term | D | B | C | B | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42013708 | 32929316 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating agreement for " "XXXXX" is missing in file. | Reviewer Comment (2024-12-23): XXXXX Buyer Comment (2024-12-20): XXXXX |
12/23/2024 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Rate/Term | D | B | C | B | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42013708 | 32929317 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
68 vs 6 | SitusAMC,Aggregator SitusAMC |
Reviewer Comment (2024-12-18): XXXXX |
12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | D | B | C | B | A | A | D | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42013708 | 32929318 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of ___ exceeds Guideline combined loan to value percentage of ___. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
68 vs 6 | SitusAMC,Aggregator SitusAMC |
Reviewer Comment (2024-12-18): XXXXX |
12/18/2024 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | D | B | C | B | A | A | D | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42013708 | 32929319 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | File contains a commercial hazard policy that covers numerous properties. In order to properly test the DSCR, we need a breakdown of the annual premium amount that would be allocated to each property. DSCR is subject to further review,. | Reviewer Comment (2024-12-31): XXXXX Reviewer Comment (2024-12-30): XXXXX Buyer Comment (2024-12-27): XXXXX Reviewer Comment (2024-12-23): XXXXX Buyer Comment (2024-12-20): XXXXX |
12/31/2024 | 1 | A | A | A | A | A | NC | Investment | Refinance - Rate/Term | D | B | C | B | A | A | D | A | N/A | No | ||||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41953864 | 33207763 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated XX/XX/XX was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely XXXXX result in additional fee tolerance violations. | Evidence of earlier receipt by borrower not found in file. | Reviewer Comment (2025-04-21): XXXXX Seller Comment (2025-04-18): XXXXX Reviewer Comment (2025-04-16): XXXXX |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41953864 | 33208471 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41953864 | 33210204 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated reserves of 6.92 is less than Guideline reserves of 9.00. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-22): XXXXX Reviewer Comment (2025-04-17): XXXXX Reviewer Comment (2025-04-16): XXXXX |
04/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41953864 | 33210235 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk.Caculated pitia month reserve is less than guideline | Reviewer Comment (2025-04-22): XXXXX |
04/22/2025 | 1 | B | A | C | A | B | A | C | A | B | A | CA | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | B | C | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41953864 | 33210236 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The loan is at ATR risk. Caculated pitia month reserve is less than guideline | Reviewer Comment (2025-04-22): XXXXX |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | B | C | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45875650 | 33093626 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | KY | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40832695 | 33064456 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.14709% is in excess of the investor allowable maximum of the greater of .00000% of the Federal Total Loan Amount and $4045.00 (XXXXX). Points and Fees total $4,264.26 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $4,045.00 and $4045.00 (XXXXX) (an overage of $219.26 or 4.14709%). | XXXXX Points and Fees exceed allowable threshold by $219.26 or 4.14709%. | 03/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MO | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40832695 | 33064459 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $0.00 exceeds tolerance of $-123.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $0.00 exceeds tolerance of $-123.00. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $123.00, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-04-16): XXXXX Seller Comment (2025-04-14): XXXXX |
04/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MO | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40832695 | 33064460 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $93.07 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Loan Discount Points was last disclosed as $0 on LE but disclosed as $93.07 on final closing disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $93.07, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-04-16): XXXXX Seller Comment (2025-04-14): XXXXX |
04/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MO | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40832695 | 33064461 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Second Appraisal Fee was last disclosed as $0 on LE but disclosed as $92.70 on final closing disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $92.70, a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-03-26): XXXXX Seller Comment (2025-03-24): XXXXX |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46688815 | 33178178 | Compliance | Compliance | Federal Compliance | Compliance | Consumer Purpose Determined On Investment Property Test | Loan file contains documentation that XXXXX indicate subject transaction was originated as a consumer purpose loan. Client to review and determine if loan should be tested for full Credit/Compliance. | Final CD reflects consumer debts being paid off with the loan proceeds. | Reviewer Comment (2025-04-25): XXXXX Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-15): XXXXX |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | A | A | C | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41376242 | 33229172 | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-04-18): XXXXX Seller Comment (2025-04-17): XXXXX |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41376242 | 33229182 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file was missing a copy of the final title policy. | Reviewer Comment (2025-04-21): XXXXX |
04/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | HI | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48709707 | 32935346 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.02761% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $21,175.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $15,772.37 (an overage of $5,402.63 or 1.02761%). | XXXXX Points and Fees exceed allowable threshold by $5,402.63 or 1.02761%. | 02/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | D | B | C | B | D | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48709707 | 32935380 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end date. | Reviewer Comment (2025-03-07): XXXXX Seller Comment (2025-03-07): XXXXX |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | D | B | D | B | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48709707 | 32935542 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | Reviewer Comment (2025-03-10): XXXXX Reviewer Comment (2025-03-05): XXXXX Seller Comment (2025-03-05): XXXXX |
03/10/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Primary | Purchase | D | B | D | B | C | B | D | A | Non QM | Non QM | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48709707 | 32935543 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Reviewer Comment (2025-03-12): XXXXX Reviewer Comment (2025-03-11): XXXXX |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | D | B | D | B | C | B | D | A | Non QM | Non QM | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48709707 | 32935629 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated Available for Reserves of 2.00 is less than Guideline Available for Reserves of 6.00 | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-25): XXXXX Reviewer Comment (2025-03-21): XXXXX Seller Comment (2025-03-21): XXXXX Buyer Comment (2025-03-18): XXXXX Reviewer Comment (2025-03-07): XXXXX Seller Comment (2025-03-07): XXXXX |
03/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | D | B | D | B | C | B | D | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48709707 | 32935631 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | The file is missing a copy of valuation required for securitization purposes. | Reviewer Comment (2025-03-05): XXXXX Seller Comment (2025-03-05): XXXXX |
03/05/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Primary | Purchase | D | B | D | B | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48709707 | 32935634 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Reviewer Comment (2025-03-10): XXXXX Reviewer Comment (2025-03-05): XXXXX Seller Comment (2025-03-05): XXXXX |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | D | B | D | B | C | B | D | A | Non QM | Non QM | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48709707 | 32935635 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Reviewer Comment (2025-03-06): XXXXX Seller Comment (2025-03-05): XXXXX |
03/06/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Primary | Purchase | D | B | D | B | C | B | D | A | Non QM | Non QM | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48709707 | 32935675 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to QM failure. This exception will be cleared once all QM specific exceptions have been cured/cleared. | Reviewer Comment (2025-03-25): XXXXX |
03/25/2025 | 1 | B | A | C | A | B | A | C | A | B | A | FL | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | D | B | D | B | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48709707 | 32935676 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-03-25): XXXXX |
03/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | D | B | D | B | C | B | D | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48709707 | 32979247 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/05/2025 | 2 | B | B | B | B | B | FL | Primary | Purchase | D | B | D | B | C | B | D | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48709707 | 32979297 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-03-26): XXXXX Buyer Comment (2025-03-25): XXXXX Reviewer Comment (2025-03-21): XXXXX Seller Comment (2025-03-21): XXXXX Reviewer Comment (2025-03-10): XXXXX |
03/26/2025 | 1 | A | A | A | A | A | FL | Primary | Purchase | D | B | D | B | C | B | D | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48709707 | 33127833 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per guidelines loan amounts < $2,000,000 require a secondary valuation product. Secondary valuation must be within -10% tolerance of appraised value. Acceptable products are: XXXXX or Enhanced Desk Review OR Field Review OR A 2nd full appraisal. Lender provided CU score as secondary valuation. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-26): XXXXX |
03/26/2025 | 2 | B | B | B | B | B | FL | Primary | Purchase | D | B | D | B | C | B | D | A | Non QM | Non QM | No | |||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46656227 | 33062846 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end Date. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46656227 | 33062871 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Purchase | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46656227 | 33062881 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | 1003 Initial - Lender's is missing. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46656227 | 33062883 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Approval is missing. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46656227 | 33062887 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is missing. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46656227 | 33062889 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Account Statements - Business is missing. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46656227 | 33062892 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Appraisal is missing. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Purchase | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46656227 | 33062900 | Compliance | Compliance | Federal Compliance | Missing Application Date | Missing Initial Loan Application Test | No evidence of application date located in file. Compliance tests were run using an application date of XX/XX/XX which is 1 months prior to consummation. A lookback was performed to determine this application date. | No evidence of application date located in file. Compliance tests were run using an application date of XX/XX/XX which is 1 months prior to consummation. A lookback was performed to determine this application date. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Purchase | D | B | D | A | C | B | D | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46656227 | 33062901 | Compliance | Compliance | Federal Compliance | TILA | NMLS - Missing Evidence of Initial Loan Application Date | Truth in Lending Act (NMLSR Dodd- Frank XXXXX): Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date. | Unable to determine compliance with NMLSR timing requirements due to missing evidence of initial loan application date. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | D | B | D | A | C | B | D | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46656227 | 33062903 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application | Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. | Unable to determine compliance with timing requirements due to missing Initial Loan Application Date. | 03/19/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46656227 | 33062919 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Account Statements - Business is missing. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | D | B | D | A | C | B | D | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46656227 | 33103705 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/24/2025 | 2 | B | B | B | B | B | CA | Primary | Purchase | D | B | D | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48362677 | 33293586 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 04/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Cash-out - Other | D | B | A | A | B | B | D | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48362677 | 33293597 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-23): XXXXX Seller Comment (2025-04-23): XXXXX |
04/23/2025 | 1 | D | A | D | A | D | A | D | A | D | A | MI | Investment | Refinance - Cash-out - Other | D | B | A | A | B | B | D | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47244142 | 33074290 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.37021% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $42,621.18 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $29,258.00 (an overage of $13,363.18 or 1.37021%). | XXXXX Points and Fees exceed allowable threshold by an average of $13,322.68 or 1.36417%. | 03/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47244142 | 33074302 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-18): XXXXX |
03/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47244142 | 33074303 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $39,121.88 exceeds tolerance of $39,102.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-18): XXXXX |
03/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NY | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44345315 | 33145806 | Credit | Credit | Credit Documentation | Credit | Missing Document: Occupancy Certificate not provided | File does not have Occupancy Certificate in file. | Reviewer Comment (2025-04-23): XXXXX Seller Comment (2025-04-21): XXXXX Reviewer Comment (2025-04-21): XXXXX Reviewer Comment (2025-04-14): XXXXX Seller Comment (2025-04-10): XXXXX Reviewer Comment (2025-04-07): XXXXX |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Second Home | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41955807 | 33039905 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.86549% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $17,970.77 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $11,080.54 (an overage of $6,890.23 or 1.86549%). | XXXXX Points and Fees exceed allowable threshold by $6,890.23 or 1.86549%. | 03/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41955807 | 33039908 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $3,610.73 exceeds tolerance of $3,198.00 plus 10% or $3,517.80. Sufficient or excess cure was provided to the borrower at Closing. | Ten Percent Fee Tolerance exceeded. Total amount of $3,610.73 exceeds tolerance of $3,198.00 plus 10% or $3,517.80. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-14): XXXXX |
03/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Rate/Term | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41174858 | 33147142 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-04-09): XXXXX Seller Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41174858 | 33148649 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $-7,729.92 exceeds tolerance of $-9,272.00. Insufficient or no cure was provided to the borrower. | Lender Credits Fee was last disclosed as -$9,272.00 on LE but disclosed as -$7,729.92 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-04-09): XXXXX Seller Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41174858 | 33148650 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Second Appraisal Fee was last disclosed as $0.00 on LE but disclosed as $92.70 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-04-09): XXXXX Seller Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41174858 | 33148651 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $165.44 exceeds tolerance of $155.00. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $155.00 on LE but disclosed as $165.44 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-04-09): XXXXX Seller Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41174858 | 33226623 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41174858 | 33226624 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $165.44 exceeds tolerance of $155.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49157460 | 33031187 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - PUD not provided | Rider - PUD is missing. | Reviewer Comment (2025-04-17): XXXXX Seller Comment (2025-04-16): XXXXX Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX Reviewer Comment (2025-04-11): XXXXX Seller Comment (2025-04-10): XXXXX Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-21): XXXXX Reviewer Comment (2025-03-20): XXXXX Seller Comment (2025-03-20): XXXXX |
04/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CT | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45539897 | 33124468 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Purchase | D | B | D | B | A | A | D | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45539897 | 33124482 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end Date. Triggered due to missing appraisal. | Reviewer Comment (2025-04-02): XXXXX Seller Comment (2025-04-01): XXXXX |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Purchase | D | B | D | B | A | A | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45539897 | 33124487 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-03): XXXXX Seller Comment (2025-04-02): XXXXX |
04/03/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Second Home | Purchase | D | B | D | B | A | A | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45539897 | 33124505 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | File does not have Appraisal in file. | Reviewer Comment (2025-04-02): XXXXX Seller Comment (2025-04-01): XXXXX |
04/02/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Second Home | Purchase | D | B | D | B | A | A | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45539897 | 33176280 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-03): XXXXX Seller Comment (2025-04-02): XXXXX |
04/03/2025 | 1 | A | A | A | A | A | CA | Second Home | Purchase | D | B | D | B | A | A | D | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47799394 | 33284871 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bylaws not provided | Copy of Bylaws is missing. | Reviewer Comment (2025-04-22): XXXXX Seller Comment (2025-04-21): XXXXX |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49086836 | 33142283 | Credit | Guideline | Guideline Issue | Guideline | More than 3 NSFs/Overdraft Transfers occurred in the most recent 12-month period. | Per guidelines Max NSFs are 3 within the most current 12 months or 6 in the last 24 months. Borrower has 20 NSFs and none after XX/XX/XX. Lender exception provided in file. | Borrower has owned the subject property for at least 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-01): XXXXX Reviewer Comment (2025-03-28): XXXXX |
04/01/2025 | 2 | C | B | C | B | C | B | C | B | C | B | TN | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45310094 | 33030909 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $120.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $120.00. Sufficient cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-13): XXXXX |
03/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42743868 | 33125527 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.71480% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $15,815.70 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $1,978.20 or .71480%). | XXXXX Points and Fees exceed allowable threshold by $1,978.20 or 0.71480%. | 03/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46426613 | 33197857 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.97417% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,436.30 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,897.41 (an overage of $4,538.89 or 1.97417%). | XXXXX Points and Fees exceed allowable threshold by $4,538.89 or 1.97417%. | 04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42699347 | 33174307 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40303233 | 33277530 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered to Borrower(s) within three (3) business days of application. Initial Loan Estimate dated XX/XX/XX was electronically provided without or prior to borrower's consent to receive electronic disclosures. Failure to comply with the provisions of the E-Sign Act and failure to provide good faith estimate of fees timely XXXXX result in additional fee tolerance violations. | Disclosures were sent to borrower prior to obtain consent for electronic disclosure from borrower. Lender to provide proof of consent within initial 3 days of application OR proof of disclosure sent to borrower using another method within 3 days of application. | Reviewer Comment (2025-04-25): XXXXX Seller Comment (2025-04-24): XXXXX |
04/25/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Second Home | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47864575 | 33152205 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40777961 | 33061527 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | The file was missing a copy of the Purchase Agreement / Sales contract document. | Reviewer Comment (2025-03-25): XXXXX Seller Comment (2025-03-24): XXXXX Reviewer Comment (2025-03-20): XXXXX Seller Comment (2025-03-20): XXXXX |
03/25/2025 | 1 | D | A | D | A | D | A | D | A | D | A | KS | Primary | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40777961 | 33061550 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal Fee was last disclosed as $0.00 on LE but disclosed as $123.60 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-17): XXXXX |
03/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | KS | Primary | Purchase | Final CD evidences Cure | D | A | D | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46102155 | 33133991 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | XXXXX Points and Fees on subject loan of 5.02663% is in excess of the allowable maximum of the greater of 5.00000% of the Original Loan Amount and $1000.00 (XXXXX). XXXXX Finance Charge total $12,440.90 on a Original Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $65.90 or .02663%). | XXXXX Points and Fees threshold exceed allowable threshold by $65.90 or .02663%. | 03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WA | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | N/A | N/A | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46102155 | 33134031 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | XXXXX REO Documents are marked missing. Second lien is not reported on credit, supporting documentation is missing. | Reviewer Comment (2025-04-03): XXXXX Seller Comment (2025-04-03): XXXXX Reviewer Comment (2025-04-02): XXXXX Seller Comment (2025-04-01): XXXXX |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48565944 | 33188851 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Evidence of earlier receipt of disclosure was not in file. | 04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45597905 | 33080222 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Management Company (Service Fee). Fee Amount of $150.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Management Company (Service Fee). Fee Amount of $150.00 exceeds tolerance of $0.00. Sufficient cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-19): XXXXX |
03/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45597905 | 33080352 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Copy/Rush Fee. Fee Amount of $150.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Copy/Rush Fee. Fee Amount of $150.00 exceeds tolerance of $0.00. Sufficient cure was provided to the borrower at Closing. | 03/19/2025 | 1 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45597905 | 33092960 | Credit | Credit | Credit Documentation | Guideline | The Verification of Rent (VOR) / Verification of Mortgage (VOM) is required and was not found in file. | Per the 1008 the borrower was renting for 4 months prior to the purchase of the subject, guides state, If the Borrower previously paid rent for their residence, then the Borrower's rental housing payment history is required. Payments must be documented via an institutional Verification of Rent (VOR)/ credit supplement, or cancelled checks/bank records. A VOR from an individual or a private party landlord does not meet the requirement of verifying the Borrower's prior housing payment history. Document was missing from loan file. | Reviewer Comment (2025-05-23): XXXXX Seller Comment (2025-05-22): XXXXX Reviewer Comment (2025-04-11): XXXXX Seller Comment (2025-04-10): XXXXX Reviewer Comment (2025-03-25): XXXXX Seller Comment (2025-03-24): XXXXX |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43728720 | 33145133 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | D | B | C | B | D | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43728720 | 33145135 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | File is missing a copy of note document for subject property. | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-03): XXXXX |
04/04/2025 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Refinance - Rate/Term | D | B | C | B | D | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43728720 | 33145136 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $10,240.00. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-03): XXXXX |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | D | B | C | B | D | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43728720 | 33145139 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | D | B | C | B | D | B | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43737263 | 33038834 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | PITIA reserves months discrepancy. | Reviewer Comment (2025-04-02): XXXXX |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43737263 | 33038852 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $0.00 is less than Cash from Borrower $126,861.89. | Reviewer Comment (2025-04-02): XXXXX Reviewer Comment (2025-03-26): XXXXX Seller Comment (2025-03-25): XXXXX Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-21): XXXXX Reviewer Comment (2025-03-20): XXXXX Seller Comment (2025-03-19): XXXXX |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43737263 | 33077168 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Guides state funds from a business account (if the Borrower is the sole owner (or other owner is non-borrowing spouse) of the company and the company's CPA provides a statement indicating withdrawal of the funds will not negatively impact the business OR meet XXXXX guidance for cash flow analysis) XXXXX be used for down payment and reserves. No CPA letter or cash flow analysis was in file therefore business funds were not included by review. | Reviewer Comment (2025-04-02): XXXXX Reviewer Comment (2025-03-20): XXXXX Seller Comment (2025-03-19): XXXXX |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42476177 | 33012319 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.00872% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $24,373.41 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $24,302.79 (an overage of $70.62 or .00872%). | XXXXX Points and Fees exceed allowable threshold by $76.62 or .00946%. | 03/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AZ | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42476177 | 33098110 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Final 1003 shows a payment in the liability section to XXXXX in the amount of $2843 with a balance of $420,150. File also contains a mortgage statement from the same creditor, indicating the lien is on the subject. The final CD does not show a payoff to this creditor and the subject transaction was submitted as a purchase. Additional information is needed, additional exception XXXXX apply. | Reviewer Comment (2025-03-31): XXXXX Seller Comment (2025-03-25): XXXXX |
03/31/2025 | 1 | A | A | A | A | A | AZ | Primary | Purchase | B | B | A | B | B | B | A | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42476177 | 33148872 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | 1003 indicates the borrower has taken a new mortgage on the primary residence noted, however file is missing supporting documentation for the new P&I payment. | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
. . . Reserves: 16.53 Guideline Requirement: 6.00 Borrower's Own Funds Percent: 25.85% Borrower's Own Funds Amount: $241,708.64 Guidelines Representative FICO: 680 Representative FICO: 730 |
Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-09-05): XXXXX |
09/05/2025 | 2 | B | B | B | B | B | AZ | Primary | Purchase | B | B | A | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42432264 | 33039020 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.97410% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $35,354.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $21,322.83 (an overage of $14,031.17 or 1.97410%). | XXXXX Points and Fees exceed allowable threshold by $14,031.17 or 1.97410%. | 03/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42432264 | 33039037 | Compliance | Compliance | State Compliance | State Defect | XXXXX XXXX Disclosure Timing Test | XXXXX Home Loan: Borrower not provided with a document, at time of application, specifying the agency designated to receive complaints or inquiries about the origination and making of the loan. | Borrower not provided with a document, at time of application, specifying the agency designated to receive complaints or inquiries about the origination and making of the loan. | Reviewer Comment (2025-03-27): XXXXX Seller Comment (2025-03-22): XXXXX |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42432264 | 33039038 | Compliance | Compliance | State Compliance | State Defect | (State High Cost Provision) South Carolina High-Cost Loan (Ability to Repay not Verified) | XXXXX High-Cost Loan: Borrower's ability to repay not verified with reliable documentation. | Borrower's ability to repay not verified with reliable documentation. | Reviewer Comment (2025-03-27): XXXXX Seller Comment (2025-03-22): XXXXX |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | See any available cure under the South Carolina High-Cost Loan threshold exception. | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42432264 | 33039039 | Compliance | Compliance | State Compliance | State Defect | (State High Cost Disclosure) South Carolina High-Cost Loan (Certification of Counseling) | XXXXX High-Cost Loan: Evidence of Counseling Certification not in file. | Evidence of Counseling Certification not in file. | Reviewer Comment (2025-03-27): XXXXX Seller Comment (2025-03-22): XXXXX |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | See any available cure under the South Carolina High-Cost Loan threshold exception. | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42432264 | 33039040 | Compliance | Compliance | State Compliance | State Defect | (State High Cost Provision) South Carolina High-Cost Loan (Financed Fees Exceeds Threshold) | XXXXX High-Cost Loan: Points and fees financed into loan exceed 2.5% of total loan amount. | Points and fees financed into loan exceed 2.5% of total loan amount. | Reviewer Comment (2025-03-27): XXXXX Seller Comment (2025-03-22): XXXXX |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | See any available cure under the South Carolina High-Cost Loan threshold exception. | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42432264 | 33039041 | Compliance | Compliance | State Compliance | State Defect | (State High Cost) South Carolina High-Cost Loan (Points and Fees) | XXXXX High-Cost and Consumer Home Loan Act: Points and Fees on subject loan of 5.02264% is in excess of the allowable maximum of 5.00000% of the Total Loan Amount. Points and Fees total $35,698.95 on a Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $160.90 or .02264%). Non-Compliant High Cost Loan. | Points and Fees on subject loan of 5.02264% is in excess of the allowable maximum of 5.00000% of the Total Loan Amount. Points and Fees total $35,698.95 on a Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $160.90 or .02264%). Non-Compliant High Cost Loan. | Reviewer Comment (2025-03-27): XXXXX Seller Comment (2025-03-22): XXXXX |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | (Limited Use Bona Fide Errors - Compliance and Client Approval Required) Within 45 days after the discovery, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the high-cost threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42432264 | 33039042 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-14): XXXXX |
03/14/2025 | 1 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42432264 | 33039074 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42432264 | 33075521 | Credit | Guideline | Guideline Issue | Guideline | More than 3 NSFs/Overdraft Transfers occurred in the most recent 12-month period. | Lender exception in file | Borrower has been employed in the same industry for more than 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The qualifying DTI on the loan is at least 10% less than the guideline maximum. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-25): XXXXX Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-20): XXXXX Reviewer Comment (2025-03-18): XXXXX |
03/25/2025 | 2 | C | B | C | B | C | B | C | B | C | B | SC | Primary | Refinance - Cash-out - Other | C | B | C | B | C | B | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41378266 | 33028520 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $47.00 exceeds tolerance of $30.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $47.00 exceeds tolerance of $30.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-13): XXXXX |
03/13/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Second Home | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41378266 | 33028526 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46975528 | 33088089 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-20): XXXXX |
03/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41941759 | 32985924 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41941759 | 32985927 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $318.80 exceeds tolerance of $265.00. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee was last disclosed as $265.00 on LE but disclosed as $318.80 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-06): XXXXX |
03/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | IL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40366470 | 33187984 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | HI | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40366470 | 33208455 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Issue: Ineligible borrower | Borrowers who have lived in a rent-free situation are ineligible. Lender exception provided in file. | The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
SitusAMC SitusAMC |
Reviewer Comment (2025-06-11): XXXXX Reviewer Comment (2025-06-04): XXXXX Seller Comment (2025-06-04): XXXXX Reviewer Comment (2025-05-13): XXXXX Seller Comment (2025-05-12): XXXXX Reviewer Comment (2025-04-16): XXXXX Seller Comment (2025-04-16): XXXXX Buyer Comment (2025-04-15): XXXXX Reviewer Comment (2025-04-08): XXXXX |
06/11/2025 | 2 | C | B | C | B | C | B | C | B | C | B | HI | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40366470 | 33208494 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Missing windstorm policy. Final CD reflects Windstorm insurance was escrowed and policy not provided in file. | Reviewer Comment (2025-04-10): XXXXX Seller Comment (2025-04-10): XXXXX |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | HI | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44551731 | 33021905 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44551731 | 33022334 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Active Tradelines is less than three. Lender Exception provided for active tradelines requirement. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC |
Reviewer Comment (2025-03-18): XXXXX Seller Comment (2025-03-17): XXXXX Reviewer Comment (2025-03-14): XXXXX |
03/18/2025 | 2 | C | B | C | B | C | B | C | B | C | B | MI | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43076108 | 33134211 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43076108 | 33134212 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.13765% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $14,851.30 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $14,199.77 (an overage of $651.53 or .13765%). | XXXXX Points and Fees exceed allowable threshold by $651.53 or .13765%. | 03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43076108 | 33134215 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00 cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-27): XXXXX |
03/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Rate/Term | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43076108 | 33134286 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43721483 | 33089367 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IL | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48292242 | 33026832 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44538469 | 33134952 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 10.79 is less than Guideline PITIA months reserves of 12.00. | Reviewer Comment (2025-04-10): XXXXX Seller Comment (2025-04-10): XXXXX Reviewer Comment (2025-04-08): XXXXX Seller Comment (2025-04-08): XXXXX Reviewer Comment (2025-04-03): XXXXX Seller Comment (2025-04-02): XXXXX |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44538469 | 33135036 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. The failure is due to shortfall in calculated reserve | Reviewer Comment (2025-04-10): XXXXX Seller Comment (2025-04-08): XXXXX |
04/10/2025 | 1 | B | A | C | A | B | A | C | A | B | A | WA | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44538469 | 33135037 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $55.00 exceeds tolerance of $30.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $55.00 exceeds tolerance of $30.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-27): XXXXX |
03/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | WA | Primary | Refinance - Rate/Term | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44538469 | 33135040 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Based on the loan failing one or more guideline components, the loan is at ATR risk. | Reviewer Comment (2025-04-10): XXXXX Seller Comment (2025-04-08): XXXXX |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44538469 | 33150556 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Third party business verification source document is not dated. | Reviewer Comment (2025-04-03): XXXXX Seller Comment (2025-04-02): XXXXX |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48444142 | 33142347 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48444142 | 33142348 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45720365 | 33207144 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49541642 | 33101585 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Evidence of earlier borrower receipt was not found in file. | Reviewer Comment (2025-03-28): XXXXX Seller Comment (2025-03-27): XXXXX |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Second Home | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42225292 | 33199921 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42225292 | 33199922 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.04990% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,745.46 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $10,569.64 (an overage of $175.82 or .04990%). | XXXXX Points and Fees exceed allowable threshold by $175.82 or .04990%. | 04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42225292 | 33199925 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $1,032.70 exceeds tolerance of $615.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $1,032.70 exceeds tolerance of $615.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-07): XXXXX |
04/07/2025 | 1 | A | A | A | A | A | A | A | A | A | A | GA | Second Home | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40965134 | 33082398 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | B | A | C | A | B | A | C | A | B | A | SC | Primary | Refinance - Cash-out - Other | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40965134 | 33082399 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Schedule C | Ability to Repay (Dodd-Frank XXXXX): Unable to verify Sole Proprietorship income using reasonably reliable third-party records. | 1099 for year XXXXX is missing. | Reviewer Comment (2025-03-24): XXXXX Seller Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40965134 | 33082400 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank XXXXX): General Ability-to-Repay requirements not satisfied. | ATR failure due to insufficient income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-03-24): XXXXX |
03/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40965134 | 33082484 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $117,356.80. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-03-26): XXXXX Seller Comment (2025-03-25): XXXXX |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Refinance - Cash-out - Other | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46854275 | 33182741 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48637902 | 33180632 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48637902 | 33180633 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42476055 | 32996196 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42476055 | 32996197 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Right to Receive a Copy appraisal disclosure not with in three (3) business days of application. | 03/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42476055 | 32996201 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | File is missing a copy of Initial Rate Lock Date document. | Reviewer Comment (2025-03-12): XXXXX |
03/12/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49670953 | 33175770 | Compliance | Compliance | State Compliance | State Defect | XXXXX Prepayment Penalty | XXXXX Prepayment Penalty: Maximum calculated prepay of $6,937.50 exceeds the state maximum of 1% of the original balance ($1,387.50). Prepay language states prepay will not exceed maximum permitted by applicable law. | Maximum calculated prepay of $6,937.50 exceeds the state maximum of 1% of the original balance ($1,387.50). Prepay language states prepay will not exceed maximum permitted by applicable law. | Reviewer Comment (2025-04-10): XXXXX Seller Comment (2025-04-07): XXXXX |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49670953 | 33175809 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | The Hazard Insurance Policy Effective Date is after the later of the note or transaction date | Reviewer Comment (2025-04-24): XXXXX Seller Comment (2025-04-22): XXXXX |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41375225 | 33083317 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $30,200. Provide updated policy reflecting minimum coverage of $XXXXX. Per guidelines coverage must be equal to 80% of the cost to replace new. | Reviewer Comment (2025-04-21): XXXXX Seller Comment (2025-04-21): XXXXX |
04/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40318848 | 33079428 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40318848 | 33079451 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43835049 | 33176867 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | 04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MO | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43835049 | 33176896 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 75.00000% exceeds Guideline loan to value percentage of 80.00000%.DSCR as per approval is 1.37. Rent agreement on file the same confirms rent as $1100 per month. DSCR score changed to 0.89 | Reviewer Comment (2025-04-07): XXXXX Seller Comment (2025-04-07): XXXXX |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43835049 | 33176897 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 75.00000% exceeds Guideline combined loan to value percentage of 80.00000%.DSCR as per approval is 1.37. Rent agreement on file the same confirms rent as $1100 per month. DSCR score changed to 0.89 | Reviewer Comment (2025-04-07): XXXXX Seller Comment (2025-04-07): XXXXX |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MO | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45660160 | 33190806 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45660160 | 33190917 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account Statement Missing | RESPA: Initial escrow account statement was not provided to the borrower. | Initial escrow account statement was not provided to the borrower. | Reviewer Comment (2025-04-15): XXXXX |
04/15/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MI | Second Home | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49479211 | 33131100 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | N/A | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44700581 | 33189128 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.93664% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $13,275.60 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $10,116.95 (an overage of $3,158.65 or .93664%). | XXXXX Points and Fees exceed allowable threshold by$3,158.65 or .93664%. | 04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41936366 | 33112035 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.72490% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,312.80 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $9,111.22 (an overage of $2,201.58 or .72490%). | XXXXX Points and Fees exceed allowable threshold by $2,201.58 or .72490% | 03/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41936366 | 33112039 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $219.00 exceeds tolerance of $100.00. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $100.00 on Initial closing disclosure but disclosed as $219.00 on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $119.00 a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-05-01): XXXXX Seller Comment (2025-04-30): XXXXX |
05/01/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41814515 | 33145186 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $32.750.00 Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-15): XXXXX Reviewer Comment (2025-04-14): XXXXX Seller Comment (2025-04-14): XXXXX Reviewer Comment (2025-04-10): XXXXX Seller Comment (2025-04-09): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44908138 | 33112158 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.69197% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $9,548.70 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $6,105.34 (an overage of $3,443.36 or 1.69197%). | XXXXX Points and Fees exceed allowable threshold by $3,443.36 or 1.69197%. | 03/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MI | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47257514 | 33095525 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.74346% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $44,049.04 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $27,858.80 (an overage of $16,190.24 or 1.74346%). | XXXXX Points and Fees exceed allowable threshold by $16,190.24 or 1.74346%. | 03/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47257514 | 33095528 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $735.00 exceeds tolerance of $650.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $735.00 exceeds tolerance of $650.00. Sufficient cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-21): XXXXX |
03/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47257514 | 33095529 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient cure was provided to the borrower at Closing | Reviewer Comment (2025-03-21): XXXXX |
03/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Purchase | Final CD evidences Cure | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47257514 | 33095618 | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-02): XXXXX |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43260871 | 33111552 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.51313% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $6,695.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $5,717.12 (an overage of $977.88 or .51313%). | XXXXX Points and Fees exceed allowable threshold by $977.88 or .51313%. | 03/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49906437 | 33087135 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.42339% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $12,300.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,342.01 (an overage of $3,957.99 or 1.42339%). | XXXXX Points and Fees exceed allowable threshold by $3,957.99 or 1.42339%. | 03/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49906437 | 33087143 | Compliance | Compliance | State Compliance | Misc. State Level | Massachusetts Mortgage Lender and Broker Regulation (Ability to Repay not Verified) | XXXXX Mortgage Lender and Broker Regulation: File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment using PITI payment based on fully indexed rate and fully amortizing payment, if applicable | XXXXX Mortgage Lender and Broker Regulation: File does not contain evidence that analysis of borrower's ability to repay was performed based on verified income, obligations, assets, and/or employment using PITI payment based on fully indexed rate and fully amortizing payment, if applicable. | Reviewer Comment (2025-03-27): XXXXX |
03/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MA | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48153761 | 33206292 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48521577 | 33218641 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40366653 | 33142522 | Compliance | Compliance | Federal Compliance | TRID Defect | Missing Closing Disclosure: No Document Used For Fee Testing | Missing Final Closing Disclosure. No document containing fees provided. Any applicable Federal, State or Local compliance testing is unreliable. | The file is missing a copy of the Final CD. | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-02): XXXXX |
04/04/2025 | 1 | D | A | D | A | D | A | D | A | D | A | OH | Investment | Purchase | D | A | C | A | D | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40366653 | 33142526 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | The file is missing a copy for Final CD. | Reviewer Comment (2025-04-03): XXXXX Seller Comment (2025-04-02): XXXXX |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Purchase | D | A | C | A | D | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45765423 | 33215647 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49801234 | 33152950 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49801234 | 33153286 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | File does not contain documentation from lender/seller confirming the condo is warrantable. | Reviewer Comment (2025-04-08): XXXXX Seller Comment (2025-04-07): XXXXX |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40310455 | 33215375 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Final appraisal was not delivered to borrower at least 3 business days prior to closing, borrower elected not to waive 3-day receipt of appraisal. | 04/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40310455 | 33242861 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Seller has owned subject for less than 90 days as of application. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX Reviewer Comment (2025-04-11): XXXXX |
04/15/2025 | 2 | C | B | C | B | C | B | C | B | C | B | AL | Investment | Purchase | C | B | C | B | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46009717 | 33083517 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
03/21/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40747880 | 33207849 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.21094% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $14,145.68 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $13,216.38 (an overage of $929.30 or .21094%). | XXXXX Points and Fees exceed allowable threshold by $929.30 or .21094%. | 04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MN | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40747880 | 33207852 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | MN | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45730611 | 33198153 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45339915 | 33211393 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Assignment of Leases/Rents not provided | The file was missing a copy of the Lease agreement. | Reviewer Comment (2025-04-14): XXXXX Seller Comment (2025-04-14): XXXXX |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45339915 | 33211407 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | The file was missing a copy of the Security Instrument document. | Reviewer Comment (2025-04-14): XXXXX Seller Comment (2025-04-14): XXXXX |
04/14/2025 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49154509 | 33175446 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49154509 | 33175950 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $32,754.00. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-09): XXXXX Seller Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44962367 | 33206835 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40505544 | 33123505 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/28/2025 | 2 | B | B | B | B | B | B | B | B | B | B | GA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40505544 | 33123553 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is short by $35,000. We require coverage amount of $XXXXX(80% of Appraised value $XXXXX) and we have only $XXXXXcoverage amount per Hazard Insurance policy in file. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. |
Reviewer Comment (2025-04-08): XXXXX Seller Comment (2025-04-08): XXXXX |
04/08/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43383185 | 33199844 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48106675 | 33247487 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | The file was missing a copy of the OFAC Document. | Reviewer Comment (2025-04-16): XXXXX Seller Comment (2025-04-16): XXXXX |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | VA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48106675 | 33248190 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/15/2025 | 2 | B | B | B | B | B | B | B | B | B | B | VA | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41690296 | 33197148 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification of appraisal was delivered to borrower was not provided | 04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49764898 | 33154308 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49764898 | 33154341 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49764898 | 33154342 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.03891% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $25,476.78 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $18,923.52 (an overage of $6,553.26 or 1.03891%). | XXXXX Points and Fees exceed allowable threshold by $6,553.26 or 1.03891%. | 04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41045438 | 33141032 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46045775 | 33029659 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity In Occupancy - Investment Loans | Loan does not qualify for Investment Loans scope because the Final 1003 does not indicate that the property will be an Investment Property or the Final 1003 Declarations, Valuation or Occupancy Cerificate indicates the borrower intends to occupy the subject property. | Reviewer Comment (2025-03-31): XXXXX Seller Comment (2025-03-25): XXXXX |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | A | A | A | C | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45555165 | 33131366 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.00103% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $35,042.92 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $26,275.43 (an overage of $8,767.49 or 1.00103%). | XXXXX Points and Fees exceed allowable threshold by $8,767.49 or 1.00103%. | 03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45555165 | 33131369 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-27): XXXXX |
03/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45088431 | 33189819 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40639346 | 33108167 | Compliance | Compliance | State Compliance | State Defect | XXXXX SB270 Prepayment Penalty Test XXXXX Investment Test | XXXXX SB270: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Reviewer Comment (2025-04-03): XXXXX Reviewer Comment (2025-04-01): XXXXX Seller Comment (2025-03-28): XXXXX |
04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48140889 | 33099697 | Compliance | Compliance | State Compliance | State Defect | XXXXX SB270 Prepayment Penalty Test XXXXX Investment Test | XXXXX SB270: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Reviewer Comment (2025-04-03): XXXXX Reviewer Comment (2025-03-31): XXXXX Seller Comment (2025-03-27): XXXXX |
04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MD | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44853872 | 33140739 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $26,370.00. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-04-22): XXXXX Reviewer Comment (2025-04-16): XXXXX Seller Comment (2025-04-16): XXXXX Reviewer Comment (2025-04-14): XXXXX Seller Comment (2025-04-14): XXXXX Reviewer Comment (2025-04-11): XXXXX Seller Comment (2025-04-10): XXXXX |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44853872 | 33145485 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception approved to allow for first 3 Months interest deferred. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | SitusAMC | Reviewer Comment (2025-04-08): XXXXX Reviewer Comment (2025-04-01): XXXXX |
04/08/2025 | 2 | C | B | C | B | C | B | C | B | C | B | WA | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33229617 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (Notice to Assignee) | Truth in Lending Act (HOEPA): Required Statement was not provided to purchaser or assignee for loan that was sold or assigned. (Note: This notice only applies when selling or assigning a HOEPA loan and XXXXX not be found in the file for loans that have not been previously sold) | HOEPA Assignment Notice is not located in file. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33229618 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | Total fees financed by lender exceed permitted threshold. HOEPA Disclosure is not located in file. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33229619 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees) | Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees. | Total fees financed by lender is $21,662.25. Threshold maximum is $20,046.67. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33229620 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) | Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of 4% of the amount past due or grace period of less than 15 days. | Total fees financed by lender exceed permitted threshold. Late charge exceeds max of 4% of amount past due and/or grace period of 15 days. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33229621 | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of 5.40295% is in excess of the allowable maximum of 5.00000% of the Federal Total Loan Amount. Points and Fees of $21,662.25 on a Federal Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $1,615.58 or .40295%). Non-Compliant High Cost Loan. | Total fees financed by lender is $21,662.25. Threshold maximum is $20,046.67. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33229622 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | Total fees financed by lender exceed permitted threshold. Pre-Loan Counseling status if not located in file. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33229623 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 5.40295% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $21,662.25 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $12,028.00 (an overage of $9,634.25 or 2.40295%). | XXXXX Points and Fees exceed allowable threshold by $9,634.25 or 2.40295%. | 04/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33229626 | Compliance | Compliance | State Compliance | State Defect | (State High Cost Disclosure) New Jersey High-Cost Loan (Borrower Notice Not Provided) | XXXXX High-Cost Loan: Notice to Borrower not provided to borrower. | Notice to Borrower not provided to borrower. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33229627 | Compliance | Compliance | State Compliance | State Defect | (State High Cost Provision) New Jersey High-Cost Loan (Financed Fees Exceeds Threshold) | XXXXX High-Cost Loan: Lender financed points and fees in excess of 2% of the total loan amount. | Lender financed points and fees in excess of 2% of the total loan amount. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33229628 | Compliance | Compliance | State Compliance | State Defect | (State High Cost) New Jersey High-Cost Loan (Points and Fees) | XXXXX Home Ownership Security Act: Points and Fees on subject loan of 5.48188% is in excess of the allowable maximum of 4.50000% of the Total Loan Amount. Points and Fees total $22,087.20 on a Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $3,956.13 or .98188%). Non-Compliant High Cost Loan. | Points and Fees on subject loan of 5.48188% is in excess of the allowable maximum of 4.50000% of the Total Loan Amount. Points and Fees total $22,087.20 on a Total Loan Amount of $XXXXX vs. an allowable total of $18,131.07 | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | Within 45 days of closing, provide: (1) Letter of Explanation; (2) refund of amount over the covered loan threshold maximum; and (3) proof of mailing (must be in transit with courier). (Limited Use Bona Fide Errors - Compliance and Client Approval Required) Within 365 days of closing, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the high-cost threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. |
C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33229629 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $0.00 exceeds tolerance of $-548.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $0.00 exceeds tolerance of $-548.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33229630 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $13,162.25 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $13,162.25 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33229631 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $575.00 exceeds tolerance of $500.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $575.00 exceeds tolerance of $500.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33229633 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $93.00 exceeds tolerance of $92.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $93.00 exceeds tolerance of $92.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33275582 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $575.00 exceeds tolerance of $500.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-15): XXXXX |
04/15/2025 | 1 | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43089178 | 33275583 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $93.00 exceeds tolerance of $92.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-15): XXXXX |
04/15/2025 | 1 | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45740658 | 33142514 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 04/01/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48018551 | 33184514 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification of appraisal was delivered to borrower was not provided | 04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NJ | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48018551 | 33184691 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | The file is missing copy of Rate lock document. | Reviewer Comment (2025-04-07): XXXXX Seller Comment (2025-04-07): XXXXX |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NJ | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47333127 | 33435056 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | 05/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MS | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41595740 | 33065655 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $318.80 exceeds tolerance of $299.00. Sufficient or excess cure was provided to the borrower at Closing. | Credit Report Fee was last disclosed as $299.00 on LE but disclosed as $318.80 on Final Closing Disclosure. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-17): XXXXX |
03/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | CA | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42988258 | 33130983 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | The file was missing a copy of the OFAC document. | Reviewer Comment (2025-04-02): XXXXX Seller Comment (2025-04-01): XXXXX |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42988258 | 33131109 | Credit | Credit | Credit Documentation | Credit | OFAC was not checked and required per guidelines. | - | The file was missing a copy of the OFAC document. | Reviewer Comment (2025-04-02): XXXXX Seller Comment (2025-04-01): XXXXX |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45933131 | 33153932 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided | 04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44923708 | 33188056 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MS | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49292718 | 33154754 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Hazard Insurance Policy is missing. | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-04): XXXXX |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | MI | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40268609 | 33145058 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Rent schedule is missing on lease property | - | File is missing copy of full appraisal report and rent comparable schedule. | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-03): XXXXX |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | B | B | D | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40268609 | 33145059 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | The file is missing a copy of the primary valuation required for securitization purposes. | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-03): XXXXX |
04/04/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | B | B | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40268609 | 33145062 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | The file was missing a copy of the final title policy. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-03): XXXXX |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | B | B | D | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40268609 | 33145073 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after XX/XX/XX declared end Date. | Reviewer Comment (2025-04-14): XXXXX Seller Comment (2025-04-11): XXXXX |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | B | B | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40268609 | 33145080 | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing | File is missing copy of title evidence such as final title policy, preliminary title policy, title commitment. | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-03): XXXXX |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | B | B | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40268609 | 33145083 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | File is missing copy of Approval. | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-03): XXXXX |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | B | B | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40268609 | 33145090 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | File is missing copy of Credit Report. | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-03): XXXXX |
04/04/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | B | B | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40268609 | 33145091 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | File is missing copy of Flood Certificate. | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-03): XXXXX |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | B | B | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40268609 | 33145093 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | File is missing copy of OFAC. | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-03): XXXXX |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | B | B | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40268609 | 33145098 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | File is missing copy of Full Appraisal Report (1004). | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-03): XXXXX |
04/04/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | B | B | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40268609 | 33145104 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated Available for Reserves of is less than Guideline Available for Reserves of 6.00. | Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-03): XXXXX |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | B | B | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40268609 | 33145799 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing | Unable to determine compliance with Right To Receive a Copy of Appraisal due to missing information | Unable to determine compliance with Right To Receive a Copy of Appraisal due to missing information. Document is not dated. | Reviewer Comment (2025-04-10): XXXXX Reviewer Comment (2025-04-09): XXXXX Seller Comment (2025-04-07): XXXXX |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | D | B | D | B | B | B | D | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40268609 | 33190283 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/04/2025 | 2 | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | D | B | D | B | B | B | D | A | N/A | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40268609 | 33190285 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-07): XXXXX Seller Comment (2025-04-07): XXXXX |
04/07/2025 | 1 | A | A | A | A | A | CA | Investment | Refinance - Rate/Term | D | B | D | B | B | B | D | A | N/A | No | ||||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40268609 | 33204583 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/07/2025 | 2 | B | B | B | B | B | CA | Investment | Refinance - Rate/Term | D | B | D | B | B | B | D | A | N/A | No | ||||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45419913 | 33208758 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.19523% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,645.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $10,933.48 (an overage of $711.52 or .19523%). | XXXXX Points and Fees exceed allowable threshold by an average of $711.52 or .19523% | 04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45419913 | 33208761 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee. Fee Amount of $10,450.00 exceeds tolerance of $9,625.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Origination Fee. Fee Amount of $10,450.00 exceeds tolerance of $9,625.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-05-16): XXXXX Seller Comment (2025-05-15): XXXXX |
05/16/2025 | 2 | C | B | C | B | C | B | C | B | C | B | NY | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45419913 | 33208762 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $123.60 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-16): XXXXX Seller Comment (2025-04-15): XXXXX |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47107180 | 33196879 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40144900 | 33154017 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40144900 | 33154018 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.22887% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $24,160.02 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $17,139.36 (an overage of $7,020.66 or 1.22887%). | XXXXX Points and Fees exceed allowable threshold by $7,020.66 or 1.22887%. | 04/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40144900 | 33154033 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Interim Closing Disclosure Timing Test | TILA-RESPA Integrated Disclosure - Corrected Closing Disclosure provided on or after XX/XX/XX contains a change in APR and was not received by borrower at least three (3) business days prior to consummation | Closing Disclosure provided on or after XX/XX/XX contains a change in APR and was not received by borrower at least three (3) business days prior to consummation. | Reviewer Comment (2025-04-07): XXXXX |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Purchase | TRID timing exception, no remediation available. | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40144900 | 33154147 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $22,395.02 exceeds tolerance of $9,347.00. Insufficient or no cure was provided to the borrower. | Loan Discount Points fee was last disclosed as $9,347.00 on LE but disclosed as $22,395.02 on Final Closing Disclosure. File does not contain a valid COC for this fee, However evidence of cure in file in the amount of $120.00 | Reviewer Comment (2025-04-07): XXXXX |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40144900 | 33154148 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $120.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Collateral Desktop Analysis fee was last disclosed as $120.00 on Final Closing Disclosure. File does not contain a valid COC for this fee, However evidence of cure in file in the amount of $120.00 | Reviewer Comment (2025-04-07): XXXXX |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40144900 | 33196014 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $120.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing | Reviewer Comment (2025-04-07): XXXXX |
04/07/2025 | 1 | A | A | A | A | A | OH | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42638338 | 33185069 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | The file was missing evidence of Initial Rate Lock date. | Reviewer Comment (2025-04-10): XXXXX |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42638338 | 33365009 | Credit | Missing Document | General | Missing Document | Missing Document: Verification of Non-US Citizen Status not provided | Missing evidence of lawful residency. Guidelines require if a Borrower is a Non-Permanent Resident Alien, the file must contain evidence of lawful residency. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. | SitusAMC | Reviewer Comment (2025-05-16): XXXXX |
05/16/2025 | 2 | B | B | B | B | B | IN | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40527713 | 33110887 | Compliance | Compliance | Federal Compliance | TRID | ECOA Appraisal Disclosure - ECOA Timing | ECOA - File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | File does not evidence the consumer was provided with the right to receive a copy of the Appraisal Disclosure within 3 days of the loan application date. | Reviewer Comment (2025-03-31): XXXXX Seller Comment (2025-03-28): XXXXX |
03/31/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40527713 | 33110890 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Not Provided Within 3 Business Days of Application | RESPA Disclosure Rule (Dodd-Frank XXXXX): List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. | List of Homeownership Counseling Organizations not provided to applicant within three (3) business days of application. | 03/27/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40527713 | 33110907 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Reviewer Comment (2025-03-31): XXXXX Seller Comment (2025-03-28): XXXXX |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | No Defined Cure | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40527713 | 33110908 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Loan Estimate Timing Electronically Provided | TILA-RESPA Integrated Disclosure: Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | Loan Estimate not delivered or placed in the mail to Borrower(s) within three (3) business days of application. | Reviewer Comment (2025-03-31): XXXXX Seller Comment (2025-03-28): XXXXX |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40527713 | 33111079 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Will Not Have Escrow - Reason | TILA-RESPA Integrated Disclosure - Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX incorrectly disclosed whether the loan will have an escrow account. | Loan Disclosures: Final Closing Disclosure provided on XX/XX/XX incorrectly disclosed whether the loan will have an escrow account. No box was checked for the reason for not having an escrow account. | Reviewer Comment (2025-04-10): XXXXX Reviewer Comment (2025-04-09): XXXXX Seller Comment (2025-04-08): XXXXX |
04/10/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | Letter of Explanation & Corrected Closing Disclosure | D | B | D | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40527713 | 33111100 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | The file is missing a copy of Lender's Initial 1003 | Reviewer Comment (2025-03-31): XXXXX Seller Comment (2025-03-28): XXXXX |
03/31/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40527713 | 33111105 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | The file is missing a copy of Approval | Reviewer Comment (2025-03-31): XXXXX Seller Comment (2025-03-28): XXXXX |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40527713 | 33111112 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | The file is missing a copy of Appraisal. | Reviewer Comment (2025-03-31): XXXXX Seller Comment (2025-03-28): XXXXX |
03/31/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40527713 | 33111144 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | The file is missing a copy of the primary valuation required for securitization purposes. | Reviewer Comment (2025-03-31): XXXXX Seller Comment (2025-03-28): XXXXX |
03/31/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40527713 | 33111183 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | Property is located in a FEMA Disaster area and has not been inspected. | Reviewer Comment (2025-03-31): XXXXX Seller Comment (2025-03-28): XXXXX |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40527713 | 33111241 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $474800. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-03-31): XXXXX Seller Comment (2025-03-28): XXXXX |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40527713 | 33146907 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/31/2025 | 2 | B | B | B | B | B | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40527713 | 33146917 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-30): XXXXX Reviewer Comment (2025-04-22): XXXXX Seller Comment (2025-04-22): XXXXX |
04/30/2025 | 1 | A | A | A | A | A | CA | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | D | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40336224 | 33131754 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/31/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40336224 | 33131762 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Guides state funds from a business account (if the Borrower is the sole owner (or other owner is non-borrowing spouse) of the company and the company's CPA provides a statement indicating withdrawal of the funds will not negatively impact the business OR meet XXXXX guidance for cash flow analysis) XXXXX be used for down payment and reserves. Neither document was provided in file. | The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-22): XXXXX Buyer Comment (2025-04-17): XXXXX Reviewer Comment (2025-04-11): XXXXX Seller Comment (2025-04-11): XXXXX |
04/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40336224 | 33131797 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | Initial Rate lock date is not documented in file. | Reviewer Comment (2025-04-09): XXXXX Seller Comment (2025-04-08): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40336224 | 33131840 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2025-04-22): XXXXX Buyer Comment (2025-04-17): XXXXX Reviewer Comment (2025-04-11): XXXXX Seller Comment (2025-04-11): XXXXX |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40336224 | 33328289 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | HUD-1 total cash-out of $5,155.32 is greater than Guideline total cash-out of $5,000.00. | Reviewer Comment (2025-04-22): XXXXX |
04/22/2025 | 1 | A | A | A | A | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | ||||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40336224 | 33328907 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Refinance purpose discrepancy. | Loan refinance purpose of ___ does not match Guideline loan refinance purpose of ___. | Loan refinance purpose of Rate/Term does not match Guideline loan refinance purpose of Cash-out - Other. Borrower received > $5,000 cash out at closing. | The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-23): XXXXX |
04/23/2025 | 2 | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46341783 | 33228503 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46341783 | 33228504 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | IN | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48525403 | 33185131 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 6.69774% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $24,886.63 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $11,147.02 (an overage of $13,739.61 or 3.69774%). | XXXXX Points and Fees exceed allowable threshold by $13,739.61 or 3.69774%. | 04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43955819 | 33187857 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Loan originated as Primary residence, yet URLA declarations indicates borrower will not occupy. | - | Reviewer Comment (2025-04-22): XXXXX Seller Comment (2025-04-21): XXXXX Reviewer Comment (2025-04-18): XXXXX Seller Comment (2025-04-17): XXXXX Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-15): XXXXX |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46695812 | 33175204 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45722701 | 33188460 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Commitment in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CO | Investment | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | N/A | No | |||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45722701 | 33188858 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity In Occupancy - Investment Loans | Loan does not qualify for Investment Loans scope because the Final 1003 does not indicate that the property will be an Investment Property or the Final 1003 Declarations, Valuation or Occupancy Certificate indicates the borrower intends to occupy the subject property. | It appears borrower reside at subject property, however, has obtained a rental lease. | Reviewer Comment (2025-04-22): XXXXX Seller Comment (2025-04-18): XXXXX Reviewer Comment (2025-04-15): XXXXX |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CO | Investment | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46601191 | 33141806 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-18): XXXXX Reviewer Comment (2025-04-11): XXXXX Seller Comment (2025-04-11): XXXXX Reviewer Comment (2025-04-10): XXXXX |
04/18/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NV | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46601191 | 33141814 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | Initial Rate Lock date is not documented in file. | Reviewer Comment (2025-04-10): XXXXX |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46601191 | 33388800 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per guidelines loan amounts < $2,000,000 require a secondary valuation product. Secondary valuation must be within -10% tolerance of appraised value. Acceptable products are: XXXXX or Enhanced Desk Review OR Field Review OR A 2nd full appraisal. Lender provided CU score as secondary valuation. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-02): XXXXX |
05/02/2025 | 2 | B | B | B | B | B | NV | Investment | Refinance - Cash-out - Other | D | B | C | B | A | A | D | A | N/A | No | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44593430 | 33277579 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $1,526,580.29 is over disclosed by $123.00 compared to the calculated Amount Financed of $1,526,457.29 and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated XX/XX/XX). | Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $1,526,580.29 is over disclosed by $123.00 compared to the calculated Amount Financed of $1,526,457.29 and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated XX/XX/XX). | Reviewer Comment (2025-05-14): XXXXX Reviewer Comment (2025-05-12): XXXXX Reviewer Comment (2025-05-02): XXXXX |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44593430 | 33277581 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $2,000,250.78 is under disclosed by $123.00 compared to the calculated Finance Charge of $2,000,373.78 which exceeds the $100.00 threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated XX/XX/XX). | Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $2,000,250.78 is under disclosed by $123.00 compared to the calculated Finance Charge of $2,000,373.78 which exceeds the $100.00 threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated XX/XX/XX). (Final/XX/XX/XX) | Reviewer Comment (2025-05-14): XXXXX Reviewer Comment (2025-05-12): XXXXX Reviewer Comment (2025-05-02): XXXXX |
05/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Second Home | Refinance - Cash-out - Other | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | B | B | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44593430 | 33277901 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Preliminary in file. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Second Home | Refinance - Cash-out - Other | C | B | B | B | C | A | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48395973 | 33207009 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.42197% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $10,878.68 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $7,380.42 (an overage of $3,498.26 or 1.42197%). | XXXXX Points and Fees exceed allowable threshold by $3,498.26 or 1.42197%. | 04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NV | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45135168 | 33190961 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49769500 | 33147104 | Credit | Title | Document Error | Title | The Preliminary title policy is within XXXXX or XXXXX and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49769500 | 33147299 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity In Occupancy - Investment Loans | Loan does not qualify for Investment Loans scope because the Final 1003 does not indicate that the property will be an Investment Property or the Final 1003 Declarations, Valuation or Occupancy Certificate indicates the borrower intends to occupy the subject property. | Loan does not qualify for Investment Loans scope because the Valuation indicates the borrower intends to occupy the subject property. | Reviewer Comment (2025-05-05): XXXXX Seller Comment (2025-05-01): XXXXX Reviewer Comment (2025-04-29): XXXXX Seller Comment (2025-04-25): XXXXX Reviewer Comment (2025-04-11): XXXXX Seller Comment (2025-04-09): XXXXX |
05/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49769500 | 33153758 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of 70.00000% exceeds Guideline loan to value percentage of 65.00000%. Due to DSCR < 1.0. | Reviewer Comment (2025-04-14): XXXXX Seller Comment (2025-04-11): XXXXX Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-04): XXXXX |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49769500 | 33153759 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | Calculated combined loan to value percentage of 70.00000% exceeds Guideline combined loan to value percentage of 65.00000%. Due to DSCR < 1.0. | Reviewer Comment (2025-04-14): XXXXX Seller Comment (2025-04-11): XXXXX Reviewer Comment (2025-04-04): XXXXX Seller Comment (2025-04-04): XXXXX |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | B | C | B | C | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43396815 | 33100914 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud Report is missing. | Reviewer Comment (2025-02-07): XXXXX Buyer Comment (2025-02-07): XXXXX Reviewer Comment (2025-02-04): XXXXX Buyer Comment (2025-02-04): XXXXX |
02/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | D | A | D | A | A | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43396815 | 33100915 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Credit Report is missing for XXXXX . | Reviewer Comment (2025-02-04): XXXXX Buyer Comment (2025-02-04): XXXXX |
02/04/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Investment | Refinance - Rate/Term | D | A | D | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43396815 | 33100916 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing. | Reviewer Comment (2025-02-05): XXXXX Buyer Comment (2025-02-04): XXXXX |
02/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | D | A | D | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43396815 | 33100920 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Birth Date was not provided | - | Supporting document is required to identify the Birthdate. | Reviewer Comment (2025-02-04): XXXXX Buyer Comment (2025-02-04): XXXXX |
02/04/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Investment | Refinance - Rate/Term | D | A | D | A | A | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43396815 | 33100921 | Credit | Business Purpose | General | Business Purpose | Verification of Borrower's identity is missing. | - | Supporting document is required to identify the identification. | Reviewer Comment (2025-02-04): XXXXX Buyer Comment (2025-02-04): XXXXX |
02/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Rate/Term | D | A | D | A | A | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49755259 | 33101064 | Compliance | Compliance | State Compliance | Misc. State Level | Ohio Consumer Sales Practices Act (Right Not To Close Disclosure Not Provided) | XXXXX Consumer Sales Practices Act: Borrower not provided Right Not To Close Disclosure. | Borrower not provided Right Not To Close Disclosure. | Reviewer Comment (2025-01-27): XXXXX Buyer Comment (2025-01-24): XXXXX |
01/27/2025 | 1 | B | A | B | A | B | A | B | A | B | A | OH | Primary | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49755259 | 33101066 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $0.50 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Tolerance Violation for Transfer fee With Sufficient Cure Provided At Closing | Reviewer Comment (2025-01-21): XXXXX |
01/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | OH | Primary | Purchase | Final CD evidences Cure | B | A | A | A | B | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46657866 | 33101073 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance Verification for REO "XXXXX" not provided, property is free and clear, unable to determine if hazard coverage exists. LOX for for lack of insurance not provided. | Reviewer Comment (2025-01-31): XXXXX Buyer Comment (2025-01-30): XXXXX |
01/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45965287 | 33101133 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Mortgage Statement is missing for the REO property XXXXX to verify monthly PITI expenses. | Reviewer Comment (2025-01-16): XXXXX Buyer Comment (2025-01-15): XXXXX |
01/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45965287 | 33101135 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Tax Certificate for the subject property is missing. | Reviewer Comment (2025-02-20): XXXXX Reviewer Comment (2025-02-17): XXXXX Buyer Comment (2025-02-15): XXXXX Reviewer Comment (2025-01-16): XXXXX Buyer Comment (2025-01-15): XXXXX |
02/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45965287 | 33101136 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The subject property is located in a FEMA disaster that does not have a declared end date. | Missing PDI | Borrower has been employed in the same industry for more than 5 years. Borrower has owned the subject property for at least 5 years. Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-02-06): XXXXX Buyer Comment (2025-02-06): XXXXX |
02/06/2025 | 2 | C | B | C | B | C | B | C | B | C | B | CA | Primary | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46778985 | 33101206 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | CPA Letter is missing for income. | Reviewer Comment (2025-02-06): XXXXX Buyer Comment (2025-02-06): XXXXX |
02/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46778985 | 33101211 | Compliance | Compliance | Federal Compliance | RESPA | RESPA - Initial Escrow Account Statement Missing | RESPA: Initial escrow account statement was not provided to the borrower. | Reviewer Comment (2025-02-06): XXXXX Buyer Comment (2025-02-06): XXXXX |
02/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46778985 | 33101212 | Compliance | Compliance | Federal Compliance | RESPA | RESPA Disclosure - List of Homeownership Counseling Organizations Missing | RESPA Disclosure Rule (Dodd-Frank XXXXX): Creditor did not provide List of Homeownership Counseling Organizations to borrower. | Reviewer Comment (2025-02-06): XXXXX Buyer Comment (2025-02-06): XXXXX |
02/06/2025 | 1 | B | A | B | A | B | A | B | A | B | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46778985 | 33101215 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Rescission - Disbursement Date Less than 3 Business Days From Transaction Date | Truth in Lending Act: Subject loan transaction disbursed on XX/XX/XX, prior to three (3) business days from transaction date of XX/XX/XX 12:00:00 AM. | Reviewer Comment (2025-02-06): XXXXX Buyer Comment (2025-02-06): XXXXX |
02/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46778985 | 33101216 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Missing CPA statement indicating withdrawal of the funds will not negatively impact the business) XXXXX be used for down payment and closing costs. | Reviewer Comment (2025-02-06): XXXXX Buyer Comment (2025-02-06): XXXXX |
02/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41146709 | 33101359 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Approval document is missing. | Reviewer Comment (2025-02-11): XXXXX Buyer Comment (2025-02-11): XXXXX |
02/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WI | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41146709 | 33101360 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided | Loan Underwriting and Transmittal Summary (1008) / MCAW document is missing. | Reviewer Comment (2025-02-11): XXXXX Buyer Comment (2025-02-11): XXXXX |
02/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WI | Second Home | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41146709 | 33101361 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.89901% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $18,657.86 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $11,425.49 (an overage of $7,232.37 or 1.89901%). | Buyer Comment (2025-02-06): XXXXX |
02/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | WI | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40968801 | 33101410 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.93237% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $47,706.14 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $29,016.16 (an overage of $18,689.98 or 1.93237%). | Informational V2. | Buyer Comment (2025-02-13): XXXXX |
02/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45719261 | 33146762 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | The file was missing a copy of Rate lock documentation. | Reviewer Comment (2025-04-04): XXXXX |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45719261 | 33146774 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 04/02/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45143839 | 33191097 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-18): XXXXX Reviewer Comment (2025-04-14): XXXXX Seller Comment (2025-04-11): XXXXX |
04/18/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Primary | Purchase | D | B | C | B | B | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45143839 | 33191100 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | Initial Rate Lock date is not documented in file. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-15): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Purchase | D | B | C | B | B | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45143839 | 33191115 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Initial Rate Lock date is not documented in file. | 04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | CA | Primary | Purchase | D | B | C | B | B | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45143839 | 33388803 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per guidelines loan amounts < $2,000,000 require a secondary valuation product. Secondary valuation must be within -10% tolerance of appraised value. Acceptable products are: XXXXX or Enhanced Desk Review OR Field Review OR A 2nd full appraisal. Lender provided CU score as secondary valuation. | Borrower has verified disposable income of at least $2500.00. Borrower has worked in the same position for more than 3 years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least 10%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-02): XXXXX |
05/02/2025 | 2 | B | B | B | B | B | CA | Primary | Purchase | D | B | C | B | B | B | D | A | Non QM | Non QM | No | |||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46494683 | 33175821 | Credit | Credit | General | Credit | Initial Rate Lock rate date is not documented in file. | The file was missing a copy of Rate lock documentation. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-15): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41937191 | 33191792 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-04): XXXXX |
04/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | NJ | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48967314 | 33227363 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Disclosure) Federal High-Cost Mortgage Loan (HOEPA Disclosure Not Provided) | Truth in Lending Act (HOEPA): HOEPA disclosure was not provided to the Borrower | Total fees financed by lender exceed permitted threshold. HOEPA Disclosure is not located in file. | Reviewer Comment (2025-04-16): XXXXX Seller Comment (2025-04-14): XXXXX |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48967314 | 33227364 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Financed Points and Fees) | Truth in Lending Act (HOEPA): Mortgage loan financed Points and Fees. | Mortgage loan financed Points and Fees. | Reviewer Comment (2025-04-16): XXXXX Seller Comment (2025-04-14): XXXXX |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48967314 | 33227365 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Late Charge) | Truth in Lending Act (HOEPA): Mortgage loan contains a late charge that exceeds the greater of 4% of the amount past due or grace period of less than 15 days. | Total fees financed by lender exceed permitted threshold. Late charge exceeds max of 4% of amount past due and/or grace period of 15 days. | Reviewer Comment (2025-04-16): XXXXX Seller Comment (2025-04-14): XXXXX |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48967314 | 33227366 | Compliance | Compliance | Federal Compliance | Federal Defect | (Fed High Cost) Federal High-Cost Mortgage Loan (Points and Fees) | Truth in Lending Act (High-Cost Mortgage): Points and Fees on subject loan of 6.42639% is in excess of the allowable maximum of 5.00000% of the Federal Total Loan Amount. Points and Fees of $29,740.75 on a Federal Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $6,601.22 or 1.42639%). Non-Compliant High Cost Loan. | Points and Fees on subject loan of 6.42639% is in excess of the allowable maximum of 5.00000% of the Federal Total Loan Amount. Points and Fees of $29,740.75 on a Federal Total Loan Amount of $XXXXX vs. an allowable total of $XXXXX (an overage of $6,601.22 or 1.42639%). Non-Compliant High Cost Loan. | Reviewer Comment (2025-04-16): XXXXX Seller Comment (2025-04-14): XXXXX |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | (1) Signed letter from borrower indicating their choice to either (a) accept refund and make loan non-high-cost or (b) keep loan as high-cost and make loan compliant; (2) Assuming option (a) is selected, a copy of refund check and proof of mailing; (3) Assuming option (b) is selected, proof of cure for each of the prohibited practices violations noted. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48967314 | 33227367 | Compliance | Legal / Regulatory / Compliance | Anti-Predatory Violation | Federal Defect | (Fed High Cost Provision) Federal High-Cost Mortgage Loan (Counseling Requirement) | Truth in Lending Act (HOEPA): Borrower did not receive pre-loan counseling. | Reviewer Comment (2025-04-16): XXXXX Seller Comment (2025-04-14): XXXXX |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48967314 | 33227368 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 6.42639% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $29,740.75 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $13,883.72 (an overage of $15,857.03 or 3.42639%). | XXXXX Points and Fees exceed allowable threshold by $5,857.03 or 3.42639%. | 04/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48967314 | 33227374 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $92.70 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-10): XXXXX |
04/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48967314 | 33227375 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $2,725.25 exceeds tolerance of $2,613.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $2,725.25 exceeds tolerance of $2,613.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-10): XXXXX |
04/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | FL | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46341983 | 33180722 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification of appraisal was delivered to borrower was not provided | 04/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NY | Investment | Refinance - Rate/Term | C | B | A | A | B | B | C | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46341983 | 33180765 | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | Appraisal 1004 Document reflecting the effective date as XX/XX/XX however received XXXXX document reflecting the effective date as XX/XX/XX. | Reviewer Comment (2025-04-15): XXXXX Seller Comment (2025-04-10): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NY | Investment | Refinance - Rate/Term | C | B | A | A | B | B | C | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46528432 | 33207982 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.30570% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $11,900.10 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $8,291.39 (an overage of $3,608.71 or 1.30570%). | XXXXX Points and Fees exceed allowable threshold by $3,608.71 or 1.30570%. | 04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46528432 | 33208043 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed an amount of title insurance coverage that is less than the loan amount. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42549834 | 33181138 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | 24 Months Account Statements - Business are Required for income calculation. | Reviewer Comment (2025-04-24): XXXXX Seller Comment (2025-04-23): XXXXX |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42549834 | 33181244 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Missing Account Statements - Business for 24 months as Loan Program is 24 Bank Statement Loan. | Reviewer Comment (2025-04-24): XXXXX Seller Comment (2025-04-23): XXXXX |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42549834 | 33181295 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML XXXXX Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of 8.98885% or Final Disclosure APR of 9.11700% is equal to or greater than the threshold of APOR 6.88% + 1.5%, or 8.38000%. Non-Compliant Higher Priced Mortgage Loan. | Final Disclosure APR of 8.98885% is in excess of allowable threshold of 6.88% + 1.5%, or 8.38000%. | Reviewer Comment (2025-04-28): XXXXX Seller Comment (2025-04-24): XXXXX |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42549834 | 33181300 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank XXXXX): Borrower waived right to receive a copy of the appraisal at least three (3) business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 04/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42549834 | 33181306 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Reviewer Comment (2025-04-24): XXXXX Seller Comment (2025-04-23): XXXXX |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42549834 | 33181312 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $204.32 exceeds tolerance of $200.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $204.32 exceeds tolerance of $200.00. Sufficient cure was provided to the borrower at Closing. | Reviewer Comment (2025-04-03): XXXXX |
04/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | TX | Primary | Purchase | Final CD evidences Cure | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42549834 | 33181365 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of 0.00 is less than Guideline PITIA months reserves of 6.00. | Reviewer Comment (2025-04-24): XXXXX Seller Comment (2025-04-23): XXXXX |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42549834 | 33181374 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-04-28): XXXXX Seller Comment (2025-04-24): XXXXX |
04/28/2025 | 1 | B | A | C | A | B | A | C | A | B | A | TX | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42549834 | 33181375 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient income documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-04-28): XXXXX Seller Comment (2025-04-24): XXXXX |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42549834 | 33182789 | Credit | Asset | Asset Documentation | Asset | Asset documentation requirements not met. | Insufficient assets for reserves. | Reviewer Comment (2025-04-24): XXXXX Seller Comment (2025-04-23): XXXXX |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42549834 | 33182790 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Bank statements for income are missing. | Reviewer Comment (2025-04-24): XXXXX Seller Comment (2025-04-23): XXXXX |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42549834 | 33182809 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank XXXXX): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | Missing 24 months bank statements for income. | Reviewer Comment (2025-04-28): XXXXX Seller Comment (2025-04-23): XXXXX |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42549834 | 33187263 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Business bank statements are missing from file. Also, in order to use business funds, a CPA letter verifying that use of the funds will not negatively impact the business is required. | Reviewer Comment (2025-04-24): XXXXX Seller Comment (2025-04-23): XXXXX Reviewer Comment (2025-04-08): XXXXX Seller Comment (2025-04-08): XXXXX |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42549834 | 33187264 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $7,200.00 is less than Cash From Borrower $112,451.41. | Reviewer Comment (2025-04-24): XXXXX Seller Comment (2025-04-23): XXXXX |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48279813 | 33207934 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Final Title Policy will be provided as a trailing document. | Final Title Policy will be provided as a trailing document | SitusAMC,Aggregator | Reviewer Comment (2025-08-23): XXXXX |
04/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | MO | Investment | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | N/A | N/A | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41780932 | 33231020 | Credit | Compliance | Miscellaneous Compliance | Compliance | Patriot Act Disclosure is missing | - | Patriot Act Disclosure is missing. | Reviewer Comment (2024-12-10): XXXXX Buyer Comment (2024-12-10): XXXXX |
12/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41780932 | 33231022 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing document is missing. | Reviewer Comment (2024-11-27): XXXXX Buyer Comment (2024-11-26): XXXXX |
11/27/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41780932 | 33231023 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower within 3 days of closing was not provided. Waiver not provided. | Buyer Comment (2024-12-05): XXXXX |
12/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41780932 | 33231024 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | The file was missing evidence the Right to Receive Copy of Appraisal Disclosure was provided to borrower within 3 days of initial application. | Buyer Comment (2024-12-05): XXXXX |
12/05/2024 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41780932 | 33231025 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | CPA letter required indicating withdrawal of the funds will not negatively impact the business XXXXX be used for down payment and closing costs. | Reviewer Comment (2024-12-10): XXXXX Buyer Comment (2024-12-07): XXXXX |
12/10/2024 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41780932 | 33231027 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Credit | Guideline Requirement: Term discrepancy. | Reviewer Comment (2025-03-21): XXXXX Buyer Comment (2025-03-21): XXXXX Reviewer Comment (2025-02-25): XXXXX Buyer Comment (2025-02-25): XXXXX Reviewer Comment (2025-01-30): XXXXX Buyer Comment (2025-01-29): XXXXX |
03/21/2025 | 1 | A | A | A | A | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45713296 | 33725963 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 06/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | AL | Investment | Refinance - Rate/Term | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49052977 | 33471773 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-05-22): XXXXX Seller Comment (2025-05-21): XXXXX |
05/22/2025 | 1 | D | A | D | A | D | A | D | A | D | A | PA | Investment | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41710665 | 33530479 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Missing CPA statement indicating withdrawal of the funds will not negatively impact the business | Reviewer Comment (2025-03-27): XXXXX Buyer Comment (2025-03-25): XXXXX Reviewer Comment (2025-03-20): XXXXX Buyer Comment (2025-03-20): XXXXX |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41011752 | 33530515 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Note address is XXXXX & XXXXX however address on Appraisal report and XXXXX is XXXXX. Corrected Appraisal report and XXXXX required with updated address. | Reviewer Comment (2025-04-03): XXXXX Buyer Comment (2025-04-03): XXXXX Reviewer Comment (2025-04-02): XXXXX Buyer Comment (2025-04-01): XXXXX |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41011752 | 33530517 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Rate Lock and Approval confirms Prepayment penalty for 5 years. however Note Addendum for Prepayment penalty and Prepayment Penalty Rider is missing in file. | Reviewer Comment (2025-03-27): XXXXX Buyer Comment (2025-03-25): XXXXX |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | N/A | Yes | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41011752 | 33530518 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Disclosure was provided at closing. | Reviewer Comment (2025-03-11): XXXXX Buyer Comment (2025-03-10): XXXXX |
03/11/2025 | 1 | B | A | B | A | B | A | B | A | B | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41011752 | 33530519 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Guidelines require a Verification of Mortgage for all financed properties, including the month prior to closing. Missing verification of XXXXX XXXXX for XXXXX and XXXXX. | Reviewer Comment (2025-03-27): XXXXX Buyer Comment (2025-03-25): XXXXX Reviewer Comment (2025-03-14): XXXXX Buyer Comment (2025-03-13): XXXXX |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48405625 | 33530551 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | Missing XXXXX | Reviewer Comment (2025-04-09): XXXXX Buyer Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49345093 | 33530571 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing in file for XXXXX, a XXXXX limited liability company. | Reviewer Comment (2025-03-19): XXXXX Buyer Comment (2025-03-18): XXXXX |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49345093 | 33530573 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing in file for XXXXX, a XXXXX limited liability company | Reviewer Comment (2025-03-19): XXXXX Buyer Comment (2025-03-18): XXXXX |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49345093 | 33530574 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Verification of mortgage payments XXXXX month prior to closing. | Reviewer Comment (2025-03-21): XXXXX Buyer Comment (2025-03-20): XXXXX Reviewer Comment (2025-03-19): XXXXX Buyer Comment (2025-03-18): XXXXX |
03/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43397561 | 33530576 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing. | Reviewer Comment (2025-03-19): XXXXX Buyer Comment (2025-03-18): XXXXX |
03/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43397561 | 33530578 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Need verification that primary residence payments were paid within month due for XX/XX/XX. | Reviewer Comment (2025-03-26): XXXXX Buyer Comment (2025-03-24): XXXXX Reviewer Comment (2025-03-20): XXXXX Buyer Comment (2025-03-19): XXXXX Reviewer Comment (2025-03-19): XXXXX Buyer Comment (2025-03-18): XXXXX |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47290193 | 33530580 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Articles of Organization/Formation is missing. | Reviewer Comment (2025-03-18): XXXXX Buyer Comment (2025-03-18): XXXXX |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47290193 | 33530582 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Operating Agreement is missing. | Reviewer Comment (2025-03-18): XXXXX Buyer Comment (2025-03-18): XXXXX |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47290193 | 33530583 | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | Need verification that primary residence payments were paid within month due for XX/XX/XX. | Reviewer Comment (2025-03-27): XXXXX Buyer Comment (2025-03-26): XXXXX Reviewer Comment (2025-03-19): XXXXX Buyer Comment (2025-03-19): XXXXX Buyer Comment (2025-03-18): XXXXX |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44924243 | 33530592 | Credit | Credit | Miscellaneous | Credit | A copy of Asset Verification Report is not on file. | Prepayment calculation type does not meet program requirements. Please provide corrected prepayment documentation using program approved prepayment calculation types provided in section 15.5 of the program guide. Please provide corrected, executed prepayment addendum, rider, and letter of intent to re-record. Please provide corrected PCCD with updated prepayment calculations if applicable. | Reviewer Comment (2025-04-04): XXXXX Reviewer Comment (2025-04-03): XXXXX Buyer Comment (2025-04-01): XXXXX |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44924243 | 33530594 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Insufficient cash documented to close. IRA accounts haircut at 60% and stocks at 70%. | Reviewer Comment (2025-04-03): XXXXX Buyer Comment (2025-04-03): XXXXX Reviewer Comment (2025-04-01): XXXXX Buyer Comment (2025-04-01): XXXXX |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44924243 | 33530596 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Insufficient cash documented to close. IRA accounts haircut at 60% and stocks at 70%. | Reviewer Comment (2025-04-03): XXXXX Buyer Comment (2025-04-03): XXXXX Reviewer Comment (2025-04-01): XXXXX Buyer Comment (2025-04-01): XXXXX |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44924243 | 33530598 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Required CPA letter stating withdrawal of the funds will not negatively impact the business for XXXXX. | Reviewer Comment (2025-04-03): XXXXX Buyer Comment (2025-04-03): XXXXX |
04/03/2025 | 1 | A | A | A | A | A | AZ | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40612238 | 33530603 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | The ID documentation (license, passport, Visa) does not show the borrower(s) at an address different than the subject and thus casts doubt on the business purpose of the loan. | Borrower's driver's license shows subject property address. | Reviewer Comment (2025-04-07): XXXXX Buyer Comment (2025-04-04): XXXXX |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48282232 | 33530610 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-09): XXXXX Buyer Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48282232 | 33530611 | Credit | Credit | Miscellaneous | Credit | A copy of Asset Verification Report is not on file. | It is a DSCR loan, employment and income is provided in 1003 & 1008 and not allowed | Reviewer Comment (2025-04-09): XXXXX Buyer Comment (2025-04-08): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43662722 | 33530615 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | Purchase agreement in file is missing with seller's signature. Seller & Buyer executed purchase contract required. | Reviewer Comment (2025-04-10): XXXXX Buyer Comment (2025-04-09): XXXXX Reviewer Comment (2025-04-08): XXXXX Buyer Comment (2025-04-08): XXXXX |
04/10/2025 | 1 | D | A | D | A | D | A | D | A | D | A | WI | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43662722 | 33530616 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Property "XXXXX" was purchased on XX/XX/XX therefore first payment was from XXXXX however Verification of Mortgage to confirm the XXXXX is missing in file. | Reviewer Comment (2025-04-09): XXXXX Buyer Comment (2025-04-08): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | D | A | WI | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42758006 | 33530622 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | A XXXXX is required and was not provided. MS | Reviewer Comment (2025-04-04): XXXXX Buyer Comment (2025-04-04): XXXXX |
04/04/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NC | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42758006 | 33530623 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Missing CPA letter or evidence of unfettered access to the business funds. | Reviewer Comment (2025-04-04): XXXXX Buyer Comment (2025-04-04): XXXXX |
04/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42758006 | 33530624 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Guidelines require a Verification of Mortgage on all financed properties, including the month prior to closing. Missing evidence of XXXXX XXXXX payment for XXXXX and XXXXX. | Reviewer Comment (2025-04-07): XXXXX Buyer Comment (2025-04-04): XXXXX Reviewer Comment (2025-03-27): XXXXX Buyer Comment (2025-03-26): XXXXX |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47738679 | 33530625 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-03): XXXXX Buyer Comment (2025-04-03): XXXXX |
04/03/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47738679 | 33530627 | Credit | Credit | Miscellaneous | Credit | A copy of Asset Verification Report is not on file. | Prepayment calculation type does not meet program requirements. Please provide corrected prepayment documentation using program approved prepayment calculation types provided in section 15.5 of the program guide. Please provide corrected, executed prepayment addendum, rider, and letter of intent to re-record. Please provide corrected PCCD with updated prepayment calculations if applicable. | Reviewer Comment (2025-03-31): XXXXX Buyer Comment (2025-03-31): XXXXX |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47738679 | 33530628 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing final signed or true and certified settlement statement for subject transaction. | Reviewer Comment (2025-04-03): XXXXX Buyer Comment (2025-04-02): XXXXX |
04/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42295427 | 33530650 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Final Title Evidence is Missing. | Reviewer Comment (2025-04-15): XXXXX Buyer Comment (2025-04-13): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42295427 | 33530651 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Title Preliminary not provided | Title Preliminary is missing. | Reviewer Comment (2025-04-15): XXXXX Buyer Comment (2025-04-13): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42295427 | 33530653 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - Condo not provided | Rider - Condo is missing. | Reviewer Comment (2025-04-15): XXXXX Buyer Comment (2025-04-14): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48621794 | 33530656 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Require effective date XX/XX/XX updated on final inspection 442/1004D. | Reviewer Comment (2025-04-09): XXXXX Buyer Comment (2025-04-08): XXXXX Reviewer Comment (2025-04-03): XXXXX Buyer Comment (2025-04-03): XXXXX Reviewer Comment (2025-03-27): XXXXX Buyer Comment (2025-03-26): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48621794 | 33530657 | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | Require verification of mortgage for XXXXX on borrower current residence "XXXXX". Fraud report reflecting property has been mortgaged since XX/XX/XX. Require supporting document if mortgage payment is paid through business entity. | Reviewer Comment (2025-04-01): XXXXX Buyer Comment (2025-04-01): XXXXX Reviewer Comment (2025-03-27): XXXXX Buyer Comment (2025-03-27): XXXXX |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46106444 | 33530659 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-02): XXXXX Buyer Comment (2025-04-02): XXXXX |
04/02/2025 | 1 | D | A | D | A | D | A | D | A | D | A | NC | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46106444 | 33530660 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Final title or preliminary title is missing. | Reviewer Comment (2025-04-02): XXXXX Buyer Comment (2025-04-02): XXXXX |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46106444 | 33530661 | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing | Final title or preliminary title is missing. | Reviewer Comment (2025-04-02): XXXXX |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46106444 | 33530663 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Reviewer Comment (2025-04-02): XXXXX Buyer Comment (2025-04-02): XXXXX |
04/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45939279 | 33530693 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report is missing. | Reviewer Comment (2025-04-16): XXXXX Buyer Comment (2025-04-16): XXXXX |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45939279 | 33530694 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Fraud / OFAC is missing. | Reviewer Comment (2025-04-16): XXXXX Buyer Comment (2025-04-16): XXXXX |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45939279 | 33530697 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Per guidelines 12 months experience required. Approved lender exception in file: Borrower is not an experienced investor. She does have like 6-8 months' worth of experience but does not have a full 12 months of residential or commercial experience yet. Comp Factors: Over 3 million in reserves. 75% LTV. |
Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
142 vs 6 | SitusAMC,Aggregator SitusAMC SitusAMC |
Reviewer Comment (2025-04-14): XXXXX |
04/14/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49451700 | 33530704 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-07): XXXXX Buyer Comment (2025-04-07): XXXXX |
04/07/2025 | 1 | D | A | D | A | D | A | D | A | D | A | TX | Investment | Purchase | D | A | A | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40656142 | 33530708 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Closing statement is not signed by borrower. | Reviewer Comment (2025-04-15): XXXXX Buyer Comment (2025-04-15): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AZ | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48910837 | 33530738 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Business Narrative document is missing. | Reviewer Comment (2025-03-28): XXXXX Buyer Comment (2025-03-27): XXXXX |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44321233 | 33530752 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | CPA provided in the file does not confirm borrower ownership percentage, require CPA letter confirming borrowers ownership percentage and 1084 for Borrower not provided. | Reviewer Comment (2025-04-01): XXXXX Seller Comment (2025-04-01): XXXXX Reviewer Comment (2025-03-27): XXXXX Buyer Comment (2025-03-27): XXXXX Reviewer Comment (2025-03-20): XXXXX Buyer Comment (2025-03-19): XXXXX Reviewer Comment (2025-03-18): XXXXX Buyer Comment (2025-03-18): XXXXX |
04/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46125411 | 33530794 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Collateral Desktop Analysis. Fee Amount of $165.00 exceeds tolerance of $0.00. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-03-27): XXXXX |
03/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | AZ | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44063922 | 33530799 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | The file was missing a copy of Fraud report for borrower. | Reviewer Comment (2025-03-27): XXXXX Buyer Comment (2025-03-26): XXXXX |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46818006 | 33530809 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $52,785.00 exceeds tolerance of $35,100.00. Insufficient or no cure was provided to the borrower. | Loan Discount fee disclosed as $35,100 on Initial LE and $52,785 on Final CD. COC is dated XX/XX/XX and LE disclosure is dated XX/XX/XX. Provide earlier dated LE or provide evidence of initial lock date within 3 days of XX/XX/XX LE. | Reviewer Comment (2025-03-26): XXXXX Buyer Comment (2025-03-25): XXXXX Reviewer Comment (2025-03-13): XXXXX Buyer Comment (2025-03-12): XXXXX |
03/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46818006 | 33530810 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.46032% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $54,180.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $36,441.33 (an overage of $17,738.67 or 1.46032%). | Points and Fees on subject loan of 4.46032% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $54,180.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $36,441.33. | Buyer Comment (2025-03-13): XXXXX |
03/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45308686 | 33530831 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | To avoid the coverage short fall RCE has been considered - Address discrepancy RCE document against note document. RCE address - XXXXX Note address - XXXXX |
Reviewer Comment (2025-03-31): XXXXX Buyer Comment (2025-03-28): XXXXX |
03/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45308686 | 33530836 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Pay History not provided | Missing Verification of Mortgage for XXXXX for XXXXX and XXXXX XXXXX payments. Per guidelines, VOM is required, including the month prior to closing. | Reviewer Comment (2025-03-31): XXXXX Buyer Comment (2025-03-28): XXXXX |
03/31/2025 | 1 | A | A | A | A | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44076660 | 33530896 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided | Loan Underwriting and Transmittal Summary (1008) / MCAW is missing in file. | Reviewer Comment (2025-04-07): XXXXX Buyer Comment (2025-04-07): XXXXX |
04/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42068125 | 33530923 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-03-19): XXXXX Buyer Comment (2025-03-18): XXXXX |
03/19/2025 | 1 | D | A | D | A | D | A | D | A | D | A | OH | Investment | Refinance - Cash-out - Other | D | B | C | A | A | B | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42068125 | 33530924 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Please provide lease agreements for XXXXX and XXXXX. Please provide document for other payment of $504.00 for REO property XXXXX. |
Reviewer Comment (2025-03-28): XXXXX Buyer Comment (2025-03-27): XXXXX Reviewer Comment (2025-03-24): XXXXX Buyer Comment (2025-03-24): XXXXX Reviewer Comment (2025-03-21): XXXXX Buyer Comment (2025-03-20): XXXXX |
03/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Cash-out - Other | D | B | C | A | A | B | D | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42068125 | 33530926 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | New Exception as result of documentation provided. Verification XXXXX was delivered to borrower within 3 days of closing was not provided. Waiver not provided. | Buyer Comment (2025-03-28): XXXXX |
03/28/2025 | 2 | B | B | B | B | B | OH | Investment | Refinance - Cash-out - Other | D | B | C | A | A | B | D | A | N/A | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48420958 | 33530927 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | The maximum amount of cash out for a cash-out refinance transaction is $1,000,000 |
Reviewer Comment (2025-04-14): XXXXX Buyer Comment (2025-04-11): XXXXX |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48420958 | 33530928 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Require updated tax certificate. lender used annual tax of $XXXXX. | Reviewer Comment (2025-04-14): XXXXX Buyer Comment (2025-04-11): XXXXX |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45036329 | 33724712 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved at origination for commercial blanket policy not being escrowed. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45036329 | 33724713 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to allow sale-leaseback or lease-to-buy provisions within lease agreement. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45036329 | 33724714 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved at origination for commercial blanket policy not being escrowed. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45036329 | 33724715 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate resolution indicates our guarantor is the sole member; however, per the operating agreements in file, there is a second member. Please provide corporate resolution for subject transaction signed by all members. | Reviewer Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Rate/Term | C | B | C | B | B | A | A | N/A | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45036329 | 33724716 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Subject hazard insurance policy coverage amount is missing from evidence of insurance. | Lender approved exception at origination to allow commercial blanket HOI policy for subject transaction with less than one year prepaid. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45036329 | 33724717 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Letter of Explanation (LOE) not provided | Lender approved exception at origination to not require LOE from guarantor on pending litigation, as all issues are vetted through the XXXX submission process. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45036329 | 33724718 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | Lender exception approved at origination to not source large deposits. Borrower bank statements for the entity reflects a higher number of transactions indicative of the business model of purchasing and selling properties. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45036329 | 33728067 | Compliance | Compliance | State Compliance | State Late Charge | XXXXX First Lien Late Charge Percent Testing | XXXXX Late Charge: Note late charge percent of 5.00000% exceeds the state maximum of 4%. | Reviewer Comment (2025-06-25): XXXXX |
06/25/2025 | 2 | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | B | A | A | N/A | No | |||||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40319894 | 33724728 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Subject hazard insurance policy coverage amount is missing from evidence of insurance. | Lender approved exception at origination to allow commercial blanket HOI policy for subject transaction with less than one year prepaid. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40319894 | 33724729 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception request to not escrow for Insurance due to commercial blanket policy not being escrowed. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40319894 | 33724730 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to allow sale-leaseback or lease-to-buy provisions within lease agreement. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40319894 | 33724731 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | Lender exception approved at origination to not source large deposits. Borrower bank statements for the entity reflects a higher number of transactions indicative of the business model of purchasing and selling properties. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40319894 | 33724732 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution indicates our guarantor is the sole member, however per the operating agreement in the file. there is a second member. Please provide Corporate resolution for subject transaction signed by all members. | Reviewer Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Investment | Refinance - Rate/Term | C | B | C | B | B | A | A | N/A | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40319894 | 33724733 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Letter of Explanation (LOE) not provided | Lender approved exception at origination to not require LOE from guarantor on pending litigation, as all issues are vetted through the XXXX submission process. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | B | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40319894 | 33728155 | Compliance | Compliance | State Compliance | State Late Charge | XXXXX First Lien Late Charge Percent Testing | XXXXX Late Charge: Note late charge percent of 5.00000% exceeds the state maximum of 4%. | Reviewer Comment (2025-06-25): XXXXX |
06/25/2025 | 2 | B | B | B | B | B | NC | Investment | Refinance - Rate/Term | C | B | C | B | B | A | A | N/A | No | |||||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41815418 | 33724758 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved at origination for commercial blanket policy not being escrowed. | The representative FICO score exceeds the guideline minimum by at least 40 points. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41815418 | 33724759 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution indicates our guarantor is the sole member, however per the operating agreement in the file. there is a second member. Please provide Corporate resolution for subject transaction signed by all members. | Reviewer Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | N/A | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41815418 | 33724760 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Subject hazard insurance policy coverage amount is missing from evidence of insurance. | Lender approved exception at origination to allow commercial blanket HOI policy for subject transaction with less than one year prepaid. | The representative FICO score exceeds the guideline minimum by at least 40 points. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41815418 | 33724761 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Letter of Explanation (LOE) not provided | Lender approved exception at origination to not require LOE from guarantor on pending litigation, as all issues are vetted through the XXXX submission process. | The representative FICO score exceeds the guideline minimum by at least 40 points. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41815418 | 33724762 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | Lender exception approved at origination to not source large deposits. Borrower bank statements for the entity reflects a higher number of transactions indicative of the business model of purchasing and selling properties. | The representative FICO score exceeds the guideline minimum by at least 40 points. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44189938 | 33724764 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | Note Date: ___; Lien Position: ___ | Lender exception approved to allow 2055 Exterior inspection. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 1 | D | A | D | A | D | A | D | A | D | A | PA | Investment | Refinance - Rate/Term | D | B | C | B | A | D | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44189938 | 33724765 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Subject hazard insurance policy coverage amount is missing from evidence of insurance. | Lender approved exception at origination to allow commercial blanket HOI policy for subject transaction with less than one year prepaid. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Rate/Term | D | B | C | B | A | D | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44189938 | 33724766 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved at origination for commercial blanket policy not being escrowed. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Rate/Term | D | B | C | B | A | D | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44189938 | 33724767 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Letter of Explanation (LOE) not provided | Lender approved exception at origination to not require LOE from guarantor on pending litigation, as all issues are vetted through the Platinum Plus deal team submission process. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Rate/Term | D | B | C | B | A | D | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44189938 | 33724768 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | Lender exception approved at origination to not source large deposits. Borrower bank statements for the entity reflects a higher number of transactions indicative of the business model of purchasing and selling properties. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Rate/Term | D | B | C | B | A | D | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44189938 | 33724769 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to allow sale-leaseback or lease-to-buy provisions within lease agreement. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Rate/Term | D | B | C | B | A | D | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44189938 | 33724770 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved to allow 2055 Exterior inspection. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .50. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | PA | Investment | Refinance - Rate/Term | D | B | C | B | A | D | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44189938 | 33724771 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate resolution indicates our guarantor is the sole member; however, per the operating agreements in file, there is a second member. Please provide corporate resolution for subject transaction signed by all members. | Reviewer Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | PA | Investment | Refinance - Rate/Term | D | B | C | B | A | D | A | N/A | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42824846 | 33724773 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Subject hazard insurance policy coverage amount is missing from evidence of insurance. | Lender approved exception at origination to allow commercial blanket HOI policy for subject transaction with less than one year prepaid. | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42824846 | 33724774 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved at origination for commercial blanket policy not being escrowed | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42824846 | 33724775 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | Lender exception approved at origination to not source large deposits. Borrower bank statements for the entity reflects a higher number of transactions indicative of the business model of purchasing and selling properties | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42824846 | 33724776 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender approved exception to allow sale-leaseback or lease-to-buy provisions within lease agreement | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42824846 | 33724777 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Letter of Explanation (LOE) not provided | Lender approved exception at origination to not require LOE from guarantor on pending litigation, as all issues are vetted through the Platinum Plus deal team submission process | The representative FICO score exceeds the guideline minimum by at least 40 points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. |
FICO 787 Experience is 300 rental units. |
SitusAMC,Aggregator SitusAMC Aggregator,SitusAMC |
Reviewer Comment (2025-04-08): XXXXX |
04/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TN | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42824846 | 33724778 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate resolution indicates our guarantor is the sole member; however, per the operating agreements in file, there is a second member. Please provide corporate resolution for subject transaction signed by all members. | Reviewer Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TN | Investment | Refinance - Rate/Term | C | B | C | B | A | A | A | N/A | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40476199 | 33724787 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Letter of Explanation (LOE) not provided | Lender approved exception at origination to not require LOE from guarantor on pending litigation, as all issues are vetted through the Platinum Plus deal team submission process. | Borrower has owned the subject property for at least 5 years. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-11): XXXXX |
04/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40476199 | 33724788 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception approved at origination for commercial blanket policy not being escrowed. | Borrower has owned the subject property for at least 5 years. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-11): XXXXX |
04/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40476199 | 33724789 | Credit | Insurance | Insurance Analysis | Insurance | Hazard Insurance Policy expires within 90 days of the Note Date. | Hazard Insurance Policy Expiration Date ___, Note Date ___ | Lender approved exception at origination to allow commercial blanket HOI policy for subject transaction with less than one year prepaid. | Borrower has owned the subject property for at least 5 years. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-11): XXXXX |
04/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | N/A | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40476199 | 33724790 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Subject hazard insurance policy coverage amount is missing from evidence of insurance. | There is a blanket commercial HOI policy in file; however lender approved exception not provided. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-21): XXXXX Buyer Comment (2025-04-14): XXXXX |
04/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40476199 | 33724791 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | Borrower bank statements for the entity reflects a higher number of transactions indicative of the business model of purchasing and selling properties | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least 10%. Seasoned Borrower/Investor whose experience exceeds 10 completed projects. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-04-21): XXXXX Buyer Comment (2025-04-14): XXXXX |
04/21/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40476199 | 33724792 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate resolution indicates our guarantor is the sole member; however, per the operating agreements in file, there is a second member. Please provide corporate resolution for subject transaction signed by all members. | Reviewer Comment (2025-04-15): XXXXX |
04/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | N/A | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48850831 | 33947975 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Prepayment calculation type does not meet program requirements. Please provide corrected prepayment documentation using program approved prepayment calculation types provided in section 15.5 of the program guide. Please provide corrected, executed prepayment addendum, rider, and letter of intent to re-record. Please provide corrected PCCD with updated prepayment calculations if applicable. | Reviewer Comment (2025-04-22): XXXXX Buyer Comment (2025-04-18): XXXXX Reviewer Comment (2025-04-14): XXXXX Buyer Comment (2025-04-11): XXXXX Reviewer Comment (2025-04-08): XXXXX Buyer Comment (2025-04-07): XXXXX Reviewer Comment (2025-04-02): XXXXX Buyer Comment (2025-04-01): XXXXX |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | UT | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49175657 | 33947982 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | As per Final CD property is showing Interest-only therefore LTV reduced by 5% (70% - 5% = 65%) per guideline requirement. | Reviewer Comment (2025-04-23): XXXXX Buyer Comment (2025-04-22): XXXXX Reviewer Comment (2025-04-14): XXXXX Buyer Comment (2025-04-11): XXXXX |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49175657 | 33947983 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Combined loan to value discrepancy. | As per Final CD property is showing Interest-only therefore LTV reduced by 5% (70% - 5% = 65%) per guideline requirement. | Reviewer Comment (2025-04-23): XXXXX Buyer Comment (2025-04-22): XXXXX Reviewer Comment (2025-04-14): XXXXX Buyer Comment (2025-04-11): XXXXX |
04/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49175657 | 33947984 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide an interest only note and rider. Loan closed as a 10 yr IO according to the CD and the IO payment is being used on the Note. | Reviewer Comment (2025-04-21): XXXXX Buyer Comment (2025-04-18): XXXXX Buyer Comment (2025-04-17): XXXXX Reviewer Comment (2025-04-14): XXXXX Buyer Comment (2025-04-11): XXXXX |
04/21/2025 | 1 | A | A | A | A | A | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49175657 | 33947985 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide documentation B1 has a minimum of twelve (12) months ownership and management of income-producing residential or commercial real estate. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The representative FICO score exceeds the guideline minimum by at least 40 points. |
SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-03-27): XXXXX Buyer Comment (2025-03-25): XXXXX |
03/27/2025 | 2 | B | B | B | B | B | CA | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41570207 | 33948002 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Rider - Other not provided | Business Loan rider is missing in file. | Reviewer Comment (2025-04-10): XXXXX Buyer Comment (2025-04-10): XXXXX |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 41570207 | 33948003 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Prepayment calculation type does not meet program requirements. Please provide corrected prepayment documentation using program approved prepayment calculation types provided in section 15.5 of the program guide. Please provide corrected, executed prepayment addendum, rider, and letter of intent to re-record. Please provide corrected PCCD with updated prepayment calculations if applicable. Note reflects Prepayment penalty as 1 year 5% fixed and Rider reflects 6 month interest / 20% of the original principal amount. |
Reviewer Comment (2025-05-07): XXXXX Buyer Comment (2025-05-05): XXXXX Reviewer Comment (2025-04-11): XXXXX Reviewer Comment (2025-03-31): XXXXX Buyer Comment (2025-03-31): XXXXX |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45376892 | 33948038 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of $XXXXX is less than the note amount of $XXXXX based on the Preliminary in file. | Reviewer Comment (2025-04-17): XXXXX Buyer Comment (2025-04-16): XXXXX Reviewer Comment (2025-04-14): XXXXX Buyer Comment (2025-04-11): XXXXX |
04/17/2025 | 1 | B | A | B | A | B | A | B | A | B | A | OR | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45376892 | 33948039 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2025-04-17): XXXXX |
04/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | OR | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45376892 | 33948040 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | As per available images front and side wall of the property's paint is peeled. Confirm investor acceptance. | Reviewer Comment (2025-04-11): XXXXX |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OR | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40555927 | 33948049 | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | Require verification of mortgage on borrower investment REO "XXXXX" with XXXXX and REO "XXXXX" with XXXXX PER guide | Reviewer Comment (2025-04-18): XXXXX Buyer Comment (2025-04-17): XXXXX Reviewer Comment (2025-03-28): XXXXX Buyer Comment (2025-03-28): XXXXX |
04/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NV | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43129323 | 33948056 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Prepayment calculation type does not meet program requirements. Please provide corrected prepayment documentation using program approved prepayment calculation types provided in section 15.5 of the program guide. Please provide corrected, executed prepayment addendum, rider, and letter of intent to re-record. Please provide corrected PCCD with updated prepayment calculations if applicable. | Reviewer Comment (2025-05-01): XXXXX Buyer Comment (2025-04-29): XXXXX Reviewer Comment (2025-04-28): XXXXX Buyer Comment (2025-04-24): XXXXX Reviewer Comment (2025-04-02): XXXXX Buyer Comment (2025-04-01): XXXXX |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43129323 | 33948058 | Compliance | Loan Package Documentation | Closing / Title | Loan Package Documentation | (Doc Error) Security Instrument Error: Notary Date was not provided | Notary date not present, estimated consummation date used for testing purposes. | Buyer Comment (2025-04-03): XXXXX Reviewer Comment (2025-04-03): XXXXX Buyer Comment (2025-04-01): XXXXX Reviewer Comment (2025-03-27): XXXXX Buyer Comment (2025-03-27): XXXXX |
04/03/2025 | 1 | B | A | B | A | B | A | B | A | B | A | GA | Investment | Purchase | C | A | C | A | B | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45594094 | 33948074 | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | Require verification of mortgage payment for the other financed property "XXXXX" per guide. If mortgage is paid off, provided documentation. | Reviewer Comment (2025-04-28): XXXXX Buyer Comment (2025-04-25): XXXXX |
04/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45594094 | 33948075 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | IPC is 2.99%, exceeds allowed 2% for Investment purchase. | Reviewer Comment (2025-04-09): XXXXX Buyer Comment (2025-04-08): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45594094 | 33948076 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-10): XXXXX Buyer Comment (2025-04-09): XXXXX |
04/10/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45594094 | 33948079 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Gap in insurance by 1 day | Reviewer Comment (2025-04-16): XXXXX Buyer Comment (2025-04-15): XXXXX Reviewer Comment (2025-04-08): XXXXX Buyer Comment (2025-04-08): XXXXX |
04/16/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47919662 | 33948141 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2025-04-22): XXXXX Buyer Comment (2025-04-18): XXXXX Reviewer Comment (2025-04-17): XXXXX Buyer Comment (2025-04-17): XXXXX |
04/22/2025 | 1 | B | A | B | A | B | A | B | A | B | A | MD | Investment | Refinance - Cash-out - Other | B | B | B | A | A | B | A | A | N/A | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47919662 | 33948142 | Compliance | Compliance | State Compliance | State Defect | XXXXX SB270 Prepayment Penalty Test XXXXX Investment Test | XXXXX SB270: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Buyer Comment (2025-04-14): XXXXX |
04/14/2025 | 2 | B | B | B | B | B | MD | Investment | Refinance - Cash-out - Other | B | B | B | A | A | B | A | A | N/A | No | ||||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47808396 | 33948420 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | Final 1003 section 5a indicates subject is to be a primary residence while 4a indicate it is Second Home. Provide corrected 1003 for co borrower | Reviewer Comment (2025-04-22): XXXXX Buyer Comment (2025-04-21): XXXXX |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ID | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47808396 | 33948421 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Provide mortgage statement for REO property XXXXX (land) Lot to verify the escrow status. Also the $8.00 TIA | Reviewer Comment (2025-05-02): XXXXX Buyer Comment (2025-05-01): XXXXX |
05/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ID | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47808396 | 33948423 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Tax Certificate is missing in file for subject property | Reviewer Comment (2025-04-22): XXXXX Buyer Comment (2025-04-21): XXXXX |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ID | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47808396 | 33948424 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Receipt of appraisal provided however a waiver was not. | Reviewer Comment (2025-05-02): XXXXX Buyer Comment (2025-05-01): XXXXX |
05/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | ID | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47808396 | 33948425 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-05-01): XXXXX Buyer Comment (2025-04-29): XXXXX Reviewer Comment (2025-04-24): XXXXX Buyer Comment (2025-04-23): XXXXX |
05/01/2025 | 1 | B | A | C | A | B | A | C | A | B | A | ID | Second Home | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47808396 | 33948427 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank XXXXX): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of 51.16207% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) | REO property XXXXX, P&I amount updated in XXXXX mortgage statement is $3,377.13, however in recent (XXXXX month) mortgage statement it is $3,971.85 due to increase in escrow portion, which results in exceed of DTI ratio. | Reviewer Comment (2025-05-01): XXXXX Buyer Comment (2025-04-29): XXXXX Reviewer Comment (2025-04-24): XXXXX Buyer Comment (2025-04-23): XXXXX |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ID | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47808396 | 33948429 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | Calculated investor qualifying total debt ratio of 51.16207% exceeds Guideline total debt ratio of 50.00000%. | Reviewer Comment (2025-05-01): XXXXX Buyer Comment (2025-04-29): XXXXX Reviewer Comment (2025-04-24): XXXXX Buyer Comment (2025-04-23): XXXXX |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ID | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47808396 | 33948430 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | ATR failure due to insufficient REO and credit expense documentation. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2025-05-01): XXXXX Buyer Comment (2025-04-29): XXXXX Reviewer Comment (2025-04-24): XXXXX Buyer Comment (2025-04-23): XXXXX |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | ID | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48266786 | 33948436 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Require updated hazard insurance policy with correct subject street address XXXXX vs XXXXX. | Reviewer Comment (2025-04-29): XXXXX Buyer Comment (2025-04-25): XXXXX |
04/29/2025 | 1 | C | A | C | A | C | A | C | A | C | A | WA | Primary | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40025411 | 33948484 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Require Tax certificate for subject property XXXXX as tax has been updated from 1003 | Reviewer Comment (2025-03-27): XXXXX Buyer Comment (2025-03-26): XXXXX |
03/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40025411 | 33948485 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - ___ | Lender has qualified loan by older Lease Agreement ending in XXXXX XXXXX with rent as $2,800.00 however we have lease agreement in file which starts from XX/XX/XX with rent as $3,000.00 for XXXXX. hence provide older lease agreement. | Reviewer Comment (2025-04-24): XXXXX Buyer Comment (2025-04-22): XXXXX Reviewer Comment (2025-03-28): XXXXX Buyer Comment (2025-03-28): XXXXX Reviewer Comment (2025-03-27): XXXXX Buyer Comment (2025-03-26): XXXXX |
04/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48054587 | 33948492 | Compliance | Compliance | State Compliance | State Defect | South Carolina Home Loan (Complaint Agency Disclosure Not Provided) | XXXXX Home Loan: Borrower not provided with a document specifying the agency designated to receive complaints or inquiries about the origination and making of the loan. | Borrower not provided with a document specifying the agency designated to receive complaints or inquiries about the origination and making of the loan. | Reviewer Comment (2025-04-11): XXXXX Buyer Comment (2025-04-10): XXXXX |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48054587 | 33948494 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Flood Certification (Life Of Loan). Fee Amount of $8.00 exceeds tolerance of $0.00. Insufficient or no cure was provided to the borrower. | Flood Certification Fee disclosed as $0.00 on Initial LE and $8.00 on Final CD. File does not contain a valid COC for this fee. Cure provided at closing. This exception will be cleared when all other tolerance issues have been resolved. | Reviewer Comment (2025-04-22): XXXXX Buyer Comment (2025-04-21): XXXXX |
04/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | SC | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48054587 | 33948495 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $2,538.20 exceeds tolerance of $2,523.00. Insufficient or no cure was provided to the borrower. | Transfer Tax disclosed as $2,523.00 on Initial LE and $2,538.20 on Final CD. File does not contain a valid COC for this fee. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-04-22): XXXXX Buyer Comment (2025-04-21): XXXXX |
04/22/2025 | 2 | C | B | C | B | C | B | C | B | C | B | SC | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48054587 | 33948497 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | For REO property XXXXX the file is missing the Tax Certificate, Hazard Insurance and HOA document to verify monthly PITIA. | Reviewer Comment (2025-04-10): XXXXX Buyer Comment (2025-04-10): XXXXX |
04/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48054587 | 33948498 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Require Third Party Verification document for Borrower: XXXXX for Sole Proprietor business - XXXXX | Reviewer Comment (2025-04-30): XXXXX Buyer Comment (2025-04-28): XXXXX Reviewer Comment (2025-04-10): XXXXX Buyer Comment (2025-04-10): XXXXX |
04/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48054587 | 33948499 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification secondary appraisal was delivered to borrower within 3 days of closing was not provided. Waiver not provided. | Reviewer Comment (2025-04-11): XXXXX Buyer Comment (2025-04-10): XXXXX |
04/11/2025 | 1 | B | A | B | A | B | A | B | A | B | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48054587 | 33948500 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 4.33786% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $22,462.27 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $15,534.56 (an overage of $6,927.71 or 1.33786%). | Buyer Comment (2025-04-06): XXXXX |
04/06/2025 | 2 | B | B | B | B | B | B | B | B | B | B | SC | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48054587 | 33948501 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank XXXXX): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | Reviewer Comment (2025-05-01): XXXXX Buyer Comment (2025-05-01): XXXXX |
05/01/2025 | 1 | B | A | C | A | B | A | C | A | B | A | SC | Primary | Purchase | Lender to provide updated ATR/QM Loan Designation | C | B | C | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48054587 | 33948502 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both moderately exceed Guidelines | Ability to Repay (Dodd-Frank XXXXX): The DTI calculated in accordance with the Lenders Guidelines and 1026.43(c)(5) of 50.03029% moderately exceeds the guideline maximum of 50.00%. (DTI Exception is eligible to be regraded with compensating factors.) | DTI as per 1008 is 49.962% and as per Calculated investor qualifying total debt ratio is 50.03% due to Asset Depletion income being less than reflected on approval. | Reviewer Comment (2025-05-01): XXXXX Buyer Comment (2025-04-30): XXXXX |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48054587 | 33948503 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | DTI as per 1008 is 49.962% and as per Calculated investor qualifying total debt ratio is 50.03% due to Asset Depletion income being less than reflected on approval. | Reviewer Comment (2025-04-22): XXXXX Buyer Comment (2025-04-21): XXXXX Reviewer Comment (2025-04-10): XXXXX Buyer Comment (2025-04-10): XXXXX |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48054587 | 33948504 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Investor Guidelines | Ability to Repay (Dodd-Frank XXXXX): Based on the loan failing one or more guideline components, the loan is at ATR risk. | The loan was agency approved with an Originator Loan Designation of (NON-QM) required per Investor Guidelines was not provided causing the loan to waterfall through the QM Testing. | Reviewer Comment (2025-05-01): XXXXX Buyer Comment (2025-04-30): XXXXX |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48054587 | 33948505 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Guidelines require a Verification of Mortgage on all financed properties including the month prior to closing. Missing VOM for XXXXX from XXXXX XXXXX to XXXXX XXXXX. | Reviewer Comment (2025-04-11): XXXXX Buyer Comment (2025-04-10): XXXXX |
04/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | SC | Primary | Purchase | C | B | C | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46276635 | 33948533 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient and must meet XXXXX requirements. Missing ERC. | Reviewer Comment (2025-05-01): XXXXX Buyer Comment (2025-04-29): XXXXX Reviewer Comment (2025-04-25): XXXXX Buyer Comment (2025-04-23): XXXXX Reviewer Comment (2025-04-22): XXXXX Buyer Comment (2025-04-21): XXXXX |
05/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42921436 | 33948582 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-04-18): XXXXX Buyer Comment (2025-04-18): XXXXX |
04/18/2025 | 1 | D | A | D | A | D | A | D | A | D | A | ID | Investment | Purchase | D | A | A | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43558270 | 34307757 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | Buyer Comment (2025-03-12): XXXXX |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43558270 | 34307758 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application | Buyer Comment (2025-03-12): XXXXX |
03/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43558270 | 34307759 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | PCCD is not in file. Disbursement date is XX/XX/XX post policy effective date XX/XX/XX. | Reviewer Comment (2025-03-18): XXXXX Buyer Comment (2025-03-17): XXXXX |
03/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43558270 | 34307761 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $20,700. Provide updated policy reflecting minimum coverage of $XXXXX OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-06-10): XXXXX Buyer Comment (2025-06-10): XXXXX Reviewer Comment (2025-03-14): XXXXX Buyer Comment (2025-03-13): XXXXX |
06/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43558270 | 34307762 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Both title and appraisal reflect owner of public record/vested owner as XXXXX while our Borrower is XXXXX. Loan is a cash-out refinance. Guides 8.3 Cash-Out Refinance require • Borrower must have held title for a minimum of 6 months from disbursement date. | Reviewer Comment (2025-05-06): XXXXX Buyer Comment (2025-05-06): XXXXX Reviewer Comment (2025-03-13): XXXXX Buyer Comment (2025-03-13): XXXXX |
05/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43558270 | 34307763 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing Settlement Statement with all (3) members executing same. | Reviewer Comment (2025-05-30): XXXXX |
05/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43558270 | 34307764 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The credit applications reflect the guarantors have primary residences. Per DSCR V6 guidelines. Section8.3 a 12-month housing history is required for the primary residence. Credit reflects no mortgages . If Free and clear please provide evidence , if a borrower is refinancing a privately held mortgage the following payment verification requirements apply: o The privately held mortgage payments must be verified with either cancelled checks or bank statements (if the payment is automatically withdrawn from the borrower's account). o Evidence must be included in the loan file that the lien being paid off is a current recorded lien against the subject property. |
Reviewer Comment (2025-05-30): XXXXX Buyer Comment (2025-05-30): XXXXX Reviewer Comment (2025-05-06): XXXXX Buyer Comment (2025-05-06): XXXXX Reviewer Comment (2025-03-14): XXXXX Buyer Comment (2025-03-13): XXXXX |
05/30/2025 | 1 | A | A | A | A | A | TX | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43904333 | 34307775 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing Verification of Mortgage for XXXXX and XXXXX XXXXX for XXXXX. Guidelines required VOM including the month prior to closing. | Reviewer Comment (2025-04-22): XXXXX Buyer Comment (2025-04-22): XXXXX Reviewer Comment (2025-04-17): XXXXX Buyer Comment (2025-04-16): XXXXX |
04/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43904333 | 34307776 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Interest Only not provided | Missing Note with Interest Only verbiage or interest Only and/or addendum/rider | Reviewer Comment (2025-05-23): XXXXX Buyer Comment (2025-05-21): XXXXX |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42578955 | 34307784 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Note and Security Instrument in file is signed by XXXXX. As per guide, all documents must be signed as an authorized signer of the entity by each member. Therefore provided re-executed Note, Security Agreement, Settlement Statement and Business Purpose certificate with all 3 guarantors of the entity executing same. Also all any state and/or federally required settlement statements and applications. | Reviewer Comment (2025-05-27): XXXXX Buyer Comment (2025-05-23): XXXXX Reviewer Comment (2025-05-13): XXXXX Buyer Comment (2025-05-12): XXXXX Reviewer Comment (2025-04-09): XXXXX Buyer Comment (2025-04-09): XXXXX |
05/27/2025 | 1 | C | A | C | A | C | A | C | A | D | A | OH | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42578955 | 34307785 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | As per Appraisal report, property is located as Rural with no Zoning and Appraiser comments states in present land use is agricultural / Vacant. Guide states The property must not be agricultural. Further review required. | Reviewer Comment (2025-04-09): XXXXX Buyer Comment (2025-04-09): XXXXX |
04/09/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 42578955 | 34307786 | Credit | Credit | Credit Calculation / Analysis | Credit | Missing Document: Alternative Credit Documentation not provided | Provide documentation that borrower has a minimum of twelve (12) months ownership and management of income-producing residential or commercial real estate. | Reviewer Comment (2025-04-14): XXXXX Buyer Comment (2025-04-11): XXXXX |
04/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40194598 | 34308288 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - QM | Qualified Mortgage (Dodd-Frank XXXXX): Originator Loan Designation of Safe Harbor QM (APOR) does not match Due Diligence Loan Designation of Higher Priced QM (APOR). | Loan Designation testing as Higher Priced QM (APOR)> This XXXXX be re-designated upon request. | Reviewer Comment (2025-04-30): XXXXX Buyer Comment (2025-04-30): XXXXX |
04/30/2025 | 1 | B | A | C | A | B | A | C | A | B | A | IN | Second Home | Purchase | Lender to provide updated ATR/QM status | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40194598 | 34308290 | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcripts (1040). | - | Transcripts (1040) XXXXX required but as of XXXXX XXXXX no results found. Provide rationale for no filing for XXXXX. | Reviewer Comment (2025-05-07): XXXXX Buyer Comment (2025-05-06): XXXXX |
05/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Second Home | Purchase | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40194598 | 34308292 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing XXXXX year end P&L for self employment income. | Reviewer Comment (2025-05-23): XXXXX Buyer Comment (2025-05-23): XXXXX |
05/23/2025 | 1 | C | A | C | A | C | A | C | A | C | A | IN | Second Home | Purchase | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40194598 | 34308293 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Restated Loan Designation Match - General Ability to Repay | Ability to Repay (Dodd-Frank XXXXX): The initial Loan Designation provided did not match. However, the updated Loan Designation of Non QM matches the Due Diligence Loan Designation of Non QM. | This is an EV2 informational exception due to re-designation to Non-QM. This XXXXX be waived. | Buyer Comment (2025-04-30): XXXXX |
04/30/2025 | 2 | A | B | B | B | A | IN | Second Home | Purchase | C | B | C | A | C | B | A | A | Safe Harbor QM (APOR) | Non QM | No | ||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45661200 | 34308361 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | YTD balance sheet required for year XXXXX as per guide for the following business: XXXXX XXXXX XXXXX XXXXX |
Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of 4 months PITIA or more. Borrower has been employed in the same industry for more than 5 years. Borrower has worked in the same position for more than 3 years. Borrowers made a down payment from their own funds on this purchase transaction of at least 5% and $5,000.00. The qualifying DTI on the loan is at least 10% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least 40 points. |
146k vs 45k | SitusAMC,Aggregator SitusAMC SitusAMC SitusAMC SitusAMC SitusAMC |
Reviewer Comment (2025-05-20): XXXXX Reviewer Comment (2025-04-21): XXXXX Buyer Comment (2025-04-18): XXXXX Reviewer Comment (2025-04-17): XXXXX Buyer Comment (2025-04-16): XXXXX Buyer Comment (2025-04-15): XXXXX |
05/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | UT | Second Home | Purchase | B | B | B | B | B | A | A | A | Non QM | Non QM | No | ||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45661200 | 34308362 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank XXXXX): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | File contains evidence appraisal report provided is an updated report. Delivery confirmations dated earlier than report date of report located in file. Lender to provide all previous appraisal reports/updates. | Reviewer Comment (2025-04-11): XXXXX Buyer Comment (2025-04-10): XXXXX |
04/11/2025 | 1 | B | A | B | A | B | A | B | A | B | A | UT | Second Home | Purchase | B | B | B | B | B | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45661200 | 34308364 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $277.00 exceeds tolerance of $260.00. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Tolerance Violation for Credit report fee With Sufficient Cure Provided At Closing | Reviewer Comment (2025-04-02): XXXXX |
04/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | UT | Second Home | Purchase | Final CD evidences Cure | B | B | B | B | B | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48405034 | 34308522 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure No Seller Paid Fees Primary Residence First Lien | TRID Final Closing Disclosure XX/XX/XX on a first lien purchase transaction did not disclose any Seller paid fees/charges on page 2. | The file is missing a copy of Seller's Closing Disclosure. | Reviewer Comment (2025-02-21): XXXXX Buyer Comment (2025-02-20): XXXXX |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48405034 | 34308523 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Issue and Received Date > Closing Disclosure Issue and Received Date | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (The Revised Loan Estimate was received on or after the Closing Disclosure.) | Initial CD (Preview CD) issued on XX/XX/XX which is before the final LE issued dated XX/XX/XX. | Reviewer Comment (2025-02-24): XXXXX Buyer Comment (2025-02-21): XXXXX |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | No Defined Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48405034 | 34308524 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Revised Loan Estimate Issue Date > Closing Disclosure Issue Date | TILA-RESPA Integrated Disclosure: Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. | Revised Loan Estimate provided on or after the date the Closing Disclosure was provided. (Initial/XX/XX/XX) | Reviewer Comment (2025-02-24): XXXXX Buyer Comment (2025-02-21): XXXXX |
02/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | No Defined cure | C | A | A | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48405034 | 34308525 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $18,528.75 exceeds tolerance of $11,857.50. Insufficient or no cure was provided to the borrower. | Loan Discount Point Fee was disclosed as $11,857.50 on Final LE and $18,528.75 on Final CD. File does not contain a valid COC for this fee, Insufficient or no cure was provided to the borrower. | Reviewer Comment (2025-02-21): XXXXX Buyer Comment (2025-02-20): XXXXX |
02/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | FL | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49055988 | 34308527 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-02-24): XXXXX Buyer Comment (2025-02-24): XXXXX |
02/24/2025 | 1 | D | A | D | A | D | A | D | A | D | A | UT | Primary | Purchase | D | A | A | A | B | A | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49055988 | 34308529 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank XXXXX): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | File contains evidence appraisal report provided is an updated report. Delivery confirmations dated earlier than report date of report located in file. Lender to provide all previous appraisal reports/updates. | Reviewer Comment (2025-02-19): XXXXX Buyer Comment (2025-02-18): XXXXX |
02/19/2025 | 1 | B | A | B | A | B | A | B | A | B | A | UT | Primary | Purchase | D | A | A | A | B | A | D | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45171890 | 34308531 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Income Worksheet was not provided. | Reviewer Comment (2025-03-10): XXXXX Buyer Comment (2025-03-07): XXXXX |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45171890 | 34308535 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | Missing CPA Letter stating the withdrawal of funds from XXXXX will not negatively impact the business. | Reviewer Comment (2025-03-10): XXXXX Buyer Comment (2025-03-07): XXXXX |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 45171890 | 34308536 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide updated 1003/1008 reflecting subject HOA of $137.50 as per the appraisal ($1650 annually) or provide supporting docs to support $162.50/mo. | Reviewer Comment (2025-03-12): XXXXX Reviewer Comment (2025-03-10): XXXXX Buyer Comment (2025-03-07): XXXXX |
03/12/2025 | 1 | A | A | A | A | A | TX | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47917172 | 34308538 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three (3) business days prior to closing. | Earlier receipt of Closing Disclosure issued on XX/XX/XX was not provided at least three (3) business days prior to closing. | Reviewer Comment (2025-03-07): XXXXX Buyer Comment (2025-03-06): XXXXX |
03/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Second Home | Purchase | No Defined Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47917172 | 34308540 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Require supporting documentation to verify other liabilities and expenses of $3,000 per application. Exception Cleared. | Reviewer Comment (2025-03-10): XXXXX Buyer Comment (2025-03-07): XXXXX |
03/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47917172 | 34308541 | Credit | Guideline | Guideline Issue | Guideline | Rural property type is not permitted per Guidelines. | Property is rural, log construction, no zoning, further review required. | Reviewer Comment (2025-02-28): XXXXX Buyer Comment (2025-02-27): XXXXX |
02/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | GA | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 47917172 | 34308542 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing XXXXX wage earner Tax Transcripts for XXXXX | Reviewer Comment (2025-03-10): XXXXX Buyer Comment (2025-03-07): XXXXX |
03/10/2025 | 1 | A | A | A | A | A | GA | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43695669 | 34308544 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD (Asset) not provided | Closing Disclosure provided for the sale of XXXXX is not stamped or signed. Also missing evidence of proceeds to our borrower. | Reviewer Comment (2025-03-13): XXXXX Buyer Comment (2025-03-12): XXXXX |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43695669 | 34308545 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | HELOC was used for Earnest Money Deposit. Missing evidence the HELOC was paid off with the sale of XXXXX. Need signed HUD or evidence of proceeds from sale. | Reviewer Comment (2025-03-13): XXXXX Buyer Comment (2025-03-12): XXXXX |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | NC | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 48325491 | 34308553 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing third party verification of percentage of ownership as required by guidelines. | Reviewer Comment (2025-03-14): XXXXX Buyer Comment (2025-03-14): XXXXX |
03/14/2025 | 1 | A | A | A | A | A | TX | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49669579 | 34308554 | Compliance | Compliance | Federal Compliance | GSE | XXXXX - 3% Points and Fees | XXXXX 3% Points and Fees Test. Points and Fees on subject loan of 3.62805% is in excess of the investor allowable maximum of 3.00000% of the Federal Total Loan Amount. Points and Fees total $4,715.00 on a Federal Total Loan Amount of $XXXXX vs. an investor allowable total of $3,898.79 (an overage of $816.21 or .62805%). | XXXXX Points and Fees exceed allowable threshold by $816.21 or .62805%. | Buyer Comment (2025-03-10): XXXXX |
03/10/2025 | 2 | B | B | B | B | B | B | B | B | B | B | FL | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | A | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49669579 | 34308555 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $130,459.77 is over disclosed by $500.00 compared to the calculated Amount Financed of $129,959.77 and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated XX/XX/XX). | Finance Charge disclosed is $129,959.77 Calculated finance charge is $130,459.77 Variance of $500.00. Based on review of Lender's compliance report, $500.00 Third Party Processing Fee was not included in finance charge calculation. | Reviewer Comment (2025-03-17): XXXXX Buyer Comment (2025-03-14): XXXXX |
03/17/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | B | A | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49669579 | 34308556 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on XX/XX/XX disclosed an inaccurate Finance Charge on page 5 that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $216,075.18 is under disclosed by $500.00 compared to the calculated Finance Charge of $216,575.18 which exceeds the $100.00 threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated XX/XX/XX). | Amount Financed disclosed is $216,075.18 Calculated Amount Financed of $216,575.18 Variance of $500.00. Based on review of Lender's compliance report, $500 Third Party Processing Fee was not included in finance charge calculation. | Reviewer Comment (2025-03-17): XXXXX Buyer Comment (2025-03-14): XXXXX |
03/17/2025 | 2 | C | B | C | B | C | B | C | B | C | B | FL | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | D | B | A | A | C | B | D | A | Non QM | Non QM | Yes | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49669579 | 34308559 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-03-10): XXXXX Buyer Comment (2025-03-07): XXXXX |
03/10/2025 | 1 | D | A | D | A | D | A | D | A | D | A | FL | Primary | Purchase | D | B | A | A | C | B | D | A | Non QM | Non QM | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 44168740 | 34308563 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | - | Require 442 Inspection document a property is subject to repair | Reviewer Comment (2025-03-14): XXXXX Buyer Comment (2025-03-13): XXXXX |
03/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | CA | Primary | Refinance - Rate/Term | C | A | A | A | A | A | C | A | Non QM | Non QM | No | |||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43734225 | 34308564 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Property Tax Verification is missing. | Reviewer Comment (2025-03-20): XXXXX Buyer Comment (2025-03-20): XXXXX |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43734225 | 34308565 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | lender/seller confirming the condo is warrantable is missing. | Reviewer Comment (2025-03-20): XXXXX Buyer Comment (2025-03-20): XXXXX |
03/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | AL | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43301689 | 34308607 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Asset not provided | CPA letter is missing in file for XXXXX, XXXXX stating that withdrawal of the funds will not negatively impact the business. | Reviewer Comment (2025-01-31): XXXXX Buyer Comment (2025-01-30): XXXXX |
01/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OK | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43301689 | 34308609 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Missing evidence of timely delivery. | Buyer Comment (2025-01-30): XXXXX |
01/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OK | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43301689 | 34308610 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Missing | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to consumer. | Right to Receive a Copy of appraisal document is missing in file within 3 days of initial application date. | Buyer Comment (2025-01-30): XXXXX |
01/30/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OK | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43301689 | 34308611 | Credit | Credit | Miscellaneous | Credit | A copy of Asset Verification Report is not on file. | Provided updated Note and security instrument with co-borrower name & signed (XXXXX) | Reviewer Comment (2025-02-27): XXXXX Buyer Comment (2025-02-27): XXXXX |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OK | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46050111 | 34308617 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Note reflects borrower name as XXXXX and Security Instrument reflects XXXXX. Corrected Note required with borrower name as XXXXX" and with guarantor or member as XXXXX signature. | Reviewer Comment (2025-03-11): XXXXX Buyer Comment (2025-03-10): XXXXX |
03/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 46050111 | 34308618 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Missing proof of XXXXX XXXXX Mortgage payment for XXXXX. | Reviewer Comment (2025-02-27): XXXXX Buyer Comment (2025-02-26): XXXXX |
02/27/2025 | 1 | C | A | C | A | C | A | C | A | C | A | TX | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40686785 | 34308620 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Right to Receive Copy of Appraisal Disclosure Not Provided Timely | ECOA Valuations Rule (Dodd-Frank XXXXX): Creditor did not provide "Right to Receive a Copy" appraisal disclosure to applicant within three (3) business days of application or determination of first lien status. | Right To Receive copy of Appraisal Disclosure is missing in file within 3 days of initial application date. | Buyer Comment (2025-03-04): XXXXX |
03/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Rate/Term | D | B | D | B | B | B | A | A | N/A | No | ||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40686785 | 34308621 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Approved Lender Exception: Borrower provided an executed lease renewal for each unit. which he received upon recent purchase of the property. Borrower was not able to obtain the original lease agreement nor an Assignment of Lease/Estoppel Letter for either unit due to the nature of the transaction. Tenants are unwilling to sign a new lease between them and the guarantor/landlord. Exception requested to proceed with only the lease renewals attached. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
98 vs 6 | SitusAMC,Aggregator SitusAMC |
Reviewer Comment (2025-02-26): XXXXX |
02/26/2025 | 2 | B | B | B | B | B | B | B | B | B | B | OH | Investment | Refinance - Rate/Term | D | B | D | B | B | B | A | A | N/A | No | ||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40686785 | 34308622 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Landlord verification form provided however missing verification of 12 months of rent and rent amount for Borrower. | Reviewer Comment (2025-03-13): XXXXX Buyer Comment (2025-03-12): XXXXX |
03/13/2025 | 1 | C | A | C | A | C | A | C | A | D | A | OH | Investment | Refinance - Rate/Term | D | B | D | B | B | B | A | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 40686785 | 34308623 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Total cash-out discrepancy. | Reviewer Comment (2025-03-06): XXXXX Buyer Comment (2025-03-05): XXXXX |
03/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | OH | Investment | Refinance - Rate/Term | D | B | D | B | B | B | A | A | N/A | No | ||||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 49781537 | 34308625 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-03-19): XXXXX Buyer Comment (2025-03-18): XXXXX |
03/19/2025 | 1 | D | A | D | A | D | A | D | A | D | A | TN | Investment | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | N/A | No | |||||||||||
| [redacted] | [redacted] | [redacted] | [redacted] | 43581495 | 34308629 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-03-14): XXXXX Buyer Comment (2025-03-14): XXXXX |
03/14/2025 | 1 | D | A | D | A | D | A | D | A | D | A | CA | Investment | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | N/A | No |