EXHIBIT 99.19
clayton exception detail report
| Client Name: | XXXXXX |
| Client Project Name: | XXXXXX |
| Start - End Dates: | XXXXXX |
| Deal Loan Count: | 378 |
| Exception Detail | |
| Loans in Report: | 226 |
| Overall Loan Grades | Exception Level Grades | |||||||||||||||||||||
| Deal ID | Loan Number | Borrower Last Name | Loan Level ATR/QM Status | FINAL Overall Loan Grade (Securitization) | FINAL Overall Loan Grade (S&P) | Exception Category | Exception Sub-Category | Exception Code | Final Exception Status | INITIAL Exception Grade (Securitization) | FINAL Exception Grade (Securitization) | INITIAL Exception Grade (S&P) | FINAL Exception Grade (S&P) | Exception Description | Initial Clayton Exception Comments | Client Exception Response | Clayton Exception Conclusion Comments | Exception or Waiver | Made By | Loan Status | Sample Group | |
| 242 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | C | A | C | A | Loan documents do not meet guideline requirements | The Loan Guaranty is missing page 8. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 248 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Application | CRDAPP3822 | Satisfied | D | A | D | A | Missing or incomplete documentation related to citizenship/residency | Missing documentation related to the borrower's citizenship/residency. | (No Data) | XXXX provided for cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 249 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | Missing the Corporate Documents/Operating Agreement in the file for the borrowing entity XXXX | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 254 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Legal Documents | CRDLGL191 | Satisfied | D | A | D | A | Missing Mortgage | The Mortgage/ Deed of Trust is missing from the loan file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 254 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Legal Documents | CRDLGL195 | Satisfied | D | A | D | A | Missing Note | The Note is missing from the loan file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 254 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER4631 | Waived | B | B | B | B | Loan parameters do not meet guidelines | Please see institutional vor primary, vomsubject. Mtg matured XXXX not extendedpaymentwas posted for XXXX and email infile from creditor. Property vacant afterremodel work through Mid XXXX, thenlisted for sale $XXXX as recent as XXXX,removed prior to app date. Appraised$XXXX. Recent XXXX+ late/charge off XXXX on consumer debt. Borrower is firsttime investor - although owned subject >XXXX mo, has not rented it out. DSCR is atexactly 1.0 Reserves met with cash out (XXXX)." | (No Data) | Exception for the guideline deviation approved by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 255 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER5785 | Satisfied | C | A | C | A | XXXX Delivery Restrictions -1 | The loan file does not contain the warranty deed. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 255 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Income/Employment | CRDINC3204 | Satisfied | D | A | D | A | Income Documentation Missing | The loan file does not contain tax transcripts for the past XXXX years as required for XXXX Doc. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 259 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | B | Credit | Terms/Guidelines | CRDTER146 | Satisfied | D | A | D | A | Missing lender's loan approval/underwriting form | The 1008 is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 259 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | B | Property Valuations | Value | PRVAVALU5249 | Satisfied | C | A | C | B | Property Value Not Supported | The value on the Desk review in file has a XXXX% variance from the appraised value. The maximum allowable variance is XXXX%. | (No Data) | Field review provided to support the appraisal. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 265 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER146 | Satisfied | D | A | D | A | Missing lender's loan approval/underwriting form | The 1008 is missing from the file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 265 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | DTI | CRDDTI2540 | Satisfied | D | A | D | A | Missing verification of some or all components of non-subject PITI | The loan file does not contain PITI verification for XXXX property. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 265 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Income/Employment | CRDINC150 | Satisfied | C | A | C | A | Income docs do not meet guidelines | The loan file is missing full XXXX month statements for the borrower's XXXX businesses (XXXX,XXXX,XXXX) that were used as qualifying income. The auditor is unable to calculate income. The auditor used data from the income worksheets in the loan file for the purposes of this review. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 265 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Income/Employment | CRDINC2340 | Satisfied | D | A | D | A | Employment verification does not meet guidelines | The loan file does not contain Sec of State (or equivalent) verification of XXXX and XXXX | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 265 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Income/Employment | CRDINC3204 | Satisfied | D | A | D | A | Income Documentation Missing | The loan file does not contain current leases and/or rent schedules for the subject property. The auditor is unable to calculate rental income for the subject property. The auditor used rents from old leases in the file for the purposes of this review. Rental income for the subject property will need to be re-calculated upon receipt of current rents. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 265 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Assets | CRDAST2354 | Satisfied | D | A | D | A | Asset Verification In File is Incomplete Per Requirements | The loan file does not contain XXXX account statement $XXXX which was used as funds to close. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 265 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Property Valuations | FEMA | PRVAFEMA858 | Satisfied | C | A | C | A | Natural Disaster Area, no subsequent inspection (Individual & Public) | The subject is in a FEMA disaster area and the loan file does not contain the appraisal and subsequent inspection. | (No Data) | Invalid exception | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 265 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Property Valuations | Appraisal | PRVAAPPR100 | Satisfied | D | A | D | A | Missing Appraisal | The loan file does not contain the appraisal. | (No Data) | Appraisal Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 269 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | Missing the Warranty Deed in the file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 304 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER4631 | Waived | B | B | B | B | Loan parameters do not meet guidelines | Subject property is a non-warrantable condo with the master insurance policy having a XXXX% deductible exceeding the maximum allowed of 10%. | (No Data) | Exception for the guideline deviation approved by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 304 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Property Valuations | Appraisal | PRVAAPPR3116 | Satisfied | D | A | D | A | Missing updated valuation | The Fannie and Freddie SSR scores both exceed XXXX and additional secondary valuation product is missing from the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 305 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Credit/Mtg History | CRDCRMH149 | Satisfied | D | A | D | A | Missing support docs for VOM/VOR (e.g. cancelled checks) | VOM for the subject property is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 305 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | DTI | CRDDTI187 | Satisfied | C | A | C | A | Debt Ratio > 50% | (No Data) | (No Data) | Income recalculated with XXXX% expense factor. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 305 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Compliance | Documentation | CMPDOC191 | Satisfied | D | A | D | A | Missing Mortgage | The Mortgage/ Deed of Trust is missing from the loan file. | (No Data) | Lender provided DOT & Riders - Exception satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 305 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Compliance | Documentation | CMPDOC195 | Satisfied | D | A | D | A | Missing Note | The Note is missing from the loan file. | (No Data) | Lender provided NOTE - Exception satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 314 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER4631 | Waived | B | B | B | B | Loan parameters do not meet guidelines | The loan contains an exception for the unit size of XXXX sq feet. | (No Data) | The loan contains an exception in file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 319 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL100 | Satisfied | D | A | D | A | Legal document incorrect or incomplete | The EIN# for the entity being vested in the subject property is missing from the loan file. | Company changed names which does not require a new EIN. | Condition satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 319 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | The Certificate of Good Standing for the entity being vested in the subject property is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 319 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | A third party appraisal review product for the subject is missing from the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 319 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER4238 | Satisfied | C | A | C | A | Business entity does not meet guidelines | A Personal Guarantee is missing from the loan file. | (No Data) | Documentation provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 319 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Application | CRDAPP2418 | Satisfied | C | A | C | A | Ownership history inaccurate / incomplete | Documentation that the borrower is at least XXXX% owner of the entity being vested in the subject by provided a CPA letter, tax preparer letter, operating agreement, or equivalent; reflecting the borrower's ownership percentage, is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 320 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | Missing the XXXX Rate Lock Report in the file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 327 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | C | A | C | A | Loan documents do not meet guideline requirements | There are XXXX different appraisals in the loan file by the XXXX appraiser on the XXXX date, however the market rents do not match. Used the lower market rents of $XXXX each unit rather than the $XXXX each unit used by the lender. | (No Data) | Appraisal provided. Used the lower amount to qualify. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 327 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Application | CRDAPP155 | Satisfied | D | A | D | A | Application Missing | The Co-borrower's application is missing from the loan file. | (No Data) | 1003 provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 330 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL100 | Satisfied | D | A | D | A | Legal document incorrect or incomplete | The prepayment penalty term of XXXX% in the first year is not an allowed term for a XXXX year PPP. Must be a XXXX% each year, a flat XXXX% or XXXX months interest. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 330 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER5785 | Satisfied | C | A | C | A | XXXX Delivery Restrictions -1 | Loan closed in the name of a corporation, XXXX; however, the business entity docs including the Operating Agreement/ Bylaws, Certificate of Formation/ Articles of Organization, Certificate of Good Standing and EIN are missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 339 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER5785 | Satisfied | C | B | C | B | XXXX Delivery Restrictions -1 | The loan file does not contain the business purpose cert. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 346 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL100 | Satisfied | D | A | D | A | Legal document incorrect or incomplete | Missing page 1 of the Amortization Schedule in the file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 348 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL100 | Satisfied | D | A | D | A | Legal document incorrect or incomplete | The Rate Lock Report shows the interest rate of XXXX%; however, the Note shows an interest rate of XXXX%. | (No Data) | no exception required | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 360 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL191 | Satisfied | D | A | D | A | Missing Mortgage | Missing Mortgage. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 360 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL2420 | Satisfied | D | A | D | A | Missing HUD-1 (Final and Estimated) | The loan file does not contain HUD/CD. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 360 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Property Valuations | Appraisal | PRVAAPPR233 | Satisfied | C | A | C | A | Comps or Adjustments Not Appropriate | Per online sources, comps XXXX & XXXX are XXXX and not XXXX as suggested on the appraisal. | (No Data) | XXXX reviewed and accepts LOE from appraiser. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 374 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER4238 | Satisfied | C | A | C | A | Business entity does not meet guidelines | Missing the Articles of Organization, Operating Agreement and Certificate of Good Standing for "XXXX". XXXX is the member of XXXX | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 374 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER4643 | Waived | C | B | C | B | Borrower does not meet guideline requirements | Missing motivation letter for First Time Investor purchasing property out of state from primary residence. Also missing explanation how borrower found property as it was not listed on the MLS. | (No Data) | An exception was approved with comp factors. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 374 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Property Valuations | Property | PRVAPROP241 | Waived | B | B | B | B | Property Type unacceptable under guidelines | Exception approval in the file for each unit having less than XXXX square feet. Each unit is XXXX sq ft - Satisfied. | (No Data) | Exception approved for each unit having less than XXXX square feet. Each unit is XXXX sq ft - Satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 379 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER5785 | Satisfied | C | B | C | B | XXXX Delivery Restrictions -1 | A copy of the property tax certificate is missing from the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 394 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | Missing Warranty Deed conveying property to XXXX | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 404 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER5785 | Satisfied | C | B | C | B | XXXX Delivery Restrictions -1 | The loan file does not contain the borrower's ID. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 408 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Property Valuations | Property | PRVAPROP177 | Waived | B | B | B | B | Property Issues Indicated | Subject property is located in a XXXX area but zoned XXXX | (No Data) | Exception for a Rural property approved by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 412 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER2850 | Satisfied | B | A | B | A | ARM terms do not meet guidelines | Invalid. | (No Data) | Invalid. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 414 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | C | A | C | A | Loan documents do not meet guideline requirements | Missing Warranty Deed. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 414 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER4643 | Waived | C | B | C | B | Borrower does not meet guideline requirements | Missing pre-approval to retain XXXX residence as an XXXX property with no other investment properties owned. | (No Data) | XXXX has elected to waive the departure residence with comp factors. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 423 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | Loan closed in the name of a corporation; the EIN for the business is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 423 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER3122 | Waived | B | B | B | B | Loan documents do not meet guideline requirements | Per guidelines delinquent property taxes at application require pre-approval. | (No Data) | The file contains an exception due to delinquent property taxes on the subject property. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 436 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Assets | CRDAST3078 | Waived | C | B | C | B | Insufficient # of months cash reserves for PITI per guideline requirements | Per guidelines XXXX months reserves are required post-closing. Borrower currently has XXXX months of reserves. | (No Data) | An exception was approved for the guideline deviation. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 436 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Property Valuations | Property | PRVAPROP177 | Waived | B | B | B | B | Property Issues Indicated | Appraiser is on XXXX Exclusionary List; appraisal sent in for review. | (No Data) | Appraisal approved by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 447 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER5785 | Satisfied | C | A | C | A | XXXX Delivery Restrictions -1 | The loan file does not contain the amortization schedule. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 447 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Title | CRDTIL4871 | Satisfied | D | A | D | A | Missing Title Certification | The loan file does not contain the warranty deed. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 454 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | C | A | C | A | Loan documents do not meet guideline requirements | The Warranty Deed is missing from the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 455 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH124 | Waived | B | B | B | B | Collections, Liens, etc. not paid as required by guidelines | An exception approval is in the file to allow for XXXX Delinquent taxes to be paid at closing, | (No Data) | An exception approval is in the file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 456 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER5785 | Waived | B | B | B | B | XXXX Delivery Restrictions -1 | Exception requested for 5% LTV Max was 80% now 75% per appraiser declining market documentation provided and in file for market trends in area.Appraiser also reviewed. It states "nothing supports long term declining market." DSCR >1 and excellent mortgage payment history dating back to XXXX: of cert in file as is appraisal expected soon. | (No Data) | Waived by XXXX | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 457 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Property Valuations | Property | PRVAPROP177 | Satisfied | C | A | C | A | Property Issues Indicated | Appraiser to correct occupancy status from Owner to Tenant occupied | (No Data) | Corrected appraisal provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 489 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Income/Employment | CRDINC3204 | Waived | B | B | B | B | Income Documentation Missing | Currently Delinquent on subject property taxes. Borrower is delinquent for XXXX and XXXX property taxes. Will be paid off atclosing. | (No Data) | Exception for paying delinquent property taxes at closing approved by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 498 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Assets | CRDAST205 | Satisfied | C | A | C | A | Insufficient Funds to Close | Assets in the amount of $XXXX for funds to close are missing from the loan file. | (No Data) | Bank statement provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 498 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Assets | CRDAST3078 | Satisfied | C | A | C | A | Insufficient # of months cash reserves for PITI per guideline requirements | According to the underwriting guidelines, a minimum of XXXX months reserves is required. In this case, there are no assets in file to determine the reserve requirement has been met. | (No Data) | Bank statement provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 502 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Property Valuations | Appraisal | PRVAAPPR2502 | Waived | C | B | C | B | Appraiser is currently on an exclusionary list | An exception approval is in the file to allow the Appraisal with the Appraiser being on the exclusionary list. | (No Data) | An exception approval is in the file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 508 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER2850 | Satisfied | B | A | B | A | ARM terms do not meet guidelines | updated | (No Data) | updated | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 530 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | C | A | C | A | Loan documents do not meet guideline requirements | The file is missing the payoff for XXXX in the amount of XXXX | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 553 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER146 | Satisfied | D | A | D | A | Missing lender's loan approval/underwriting form | The 1008 in file is illegible | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 569 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH193 | Waived | B | B | B | B | Length of mortgage/rental history in file does not meet guideline requirement | An exception approval is in the file for no primary housing history. Borrower is living rent free. | (No Data) | An exception approval is in the file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 576 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL100 | Satisfied | D | A | D | A | Legal document incorrect or incomplete | Missing addendum to Purchase and Sale Agreement reducing sales price from $XXXX to $XXXX | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 576 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL1817 | Satisfied | D | A | D | A | Final HUD-1 is incomplete or illegible | Final signed HUD-1 missing the Settlement Date on form. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 578 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | The HOA statement or attestation that there is no HOA for Investment property XXXX is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 578 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER3122 | Waived | B | B | B | B | Loan documents do not meet guideline requirements | An Exception Approval was placed in the loan file to allow formal appraisal review from XXXX | (No Data) | Client Approved Exception via email. Copy in loan file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 583 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH149 | Waived | B | B | B | B | Missing support docs for VOM/VOR (e.g. cancelled checks) | An exception approval is in the file for borrower not able to provide verification of payment of rents for XXXX months for current occupancy individual landlord pays cash. | (No Data) | An exception approval is in the file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 600 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | The Certificate of Good Standing for the borrower's business XXXX., is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 600 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | An automated fraud and data tool check is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 600 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | DTI | CRDDTI2540 | Satisfied | D | A | D | A | Missing verification of some or all components of non-subject PITI | The Tax Certificate and HOA statement for the investment property XXXX., is missing from the loan file. The amounts given on the 1003 were used for calculations. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 600 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Income/Employment | CRDINC3204 | Satisfied | D | A | D | A | Income Documentation Missing | A signed business narrative including details regarding the industry, size and operating profile of the business addressing location, rent, number of employees and physical assets, is missing from the loan file. | XXXX has agreed to clear based off the XXXX guides. | cleared | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 602 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER3262 | Waived | B | B | B | B | Property issues indicated | An exception approval is in the file for this XXXX unit property with each unit under XXXX sq ft and unit XXXX with a XXXX. Guidelines state XXXX-4 Unit property sq ft at least XXXX per unit and no XXXX. | (No Data) | An exception approval is in the file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 604 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Income/Employment | CRDINC3204 | Waived | B | B | B | B | Income Documentation Missing | Per guidelines properties listed for sale at time of application are ineligible; application date was XXXX and subject was removed from the market XXXX | (No Data) | Exception for property being listed at the time of application approved by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 435 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Credit/Mtg History | CRDCRMH149 | Satisfied | D | A | D | A | Missing support docs for VOM/VOR (e.g. cancelled checks) | A XXXX month housing history is required. No open and active mortgages reporting on initial credit or free and clear properties require pre-approval. Per property detail report in file property taxes on borrowers primary residence are delinquent therefore may not be used to satisfy housing history. | (No Data) | The taxes for the borrowers primary residence has been provided and is paid current. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 514 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | Missing the Lease Agreement for the subject property in the file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 453 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | C | A | C | A | Loan documents do not meet guideline requirements | According to the underwriting guidelines, for XXXX verification a CPA, enrolled agent, chartered tax adviser or independent licensed accountant is allowed, however a PTIN agent is not allowed. In this case, the borrower's ownership percentage was verified by a PTIN agent. | (No Data) | Per guidelines, Tax Preparer letters prepared by PTINs are ineligible for all programs except for documenting percentage of ownership only. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 453 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | Required Affiliate Business Disclosure missing from document file | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 345 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | Required Affiliate Business Disclosure missing from doc file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 529 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Insurance | CRDINSR5081 | Satisfied | D | A | D | A | Insurance Policy missing required endorsements | Hazard insurance policy is missing the additional address of XXXX | ADU address is listed on the sales contract as part of XXXX | Condition satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 545 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH2662 | Waived | B | B | B | B | Number of mortgaged properties exceeds guideline limit | Borrower has XXXX financed properties which exceeds the max allowed of XXXX financed properties. An exception approval is in the file. | (No Data) | An exception approval is in the file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 438 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER4435 | Satisfied | D | A | D | A | Missing Condo/Co-op Certificate/Questionnaire | A Condo questionnaire was not provided in the loan file. | (No Data) | not required. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 438 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Credit/Mtg History | CRDCRMH149 | Satisfied | D | A | D | A | Missing support docs for VOM/VOR (e.g. cancelled checks) | A XXXX month housing history is required. No open and active mortgages reporting on initial credit or free and clear properties require pre-approval. Borrower has owned primary since XXXX with only XXXX months mortgage statements with no previous rental history verification. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 485 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3670 | Satisfied | C | B | C | B | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within 60 days of consummation | Zero Tolerance Fee of $XXXX due to CDA fee increase on CD XXXX Provide a valid Change of Circumstance, or Post Close CD, LOX and copy of refund check to borrower with proof of delivery via tracking method within XXXX days of consummation. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 261 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Legal Documents | CRDLGL100 | Satisfied | D | A | D | A | Legal document incorrect or incomplete | The note in file indicates a payment of $XXXX which is an interest only payment however the Note is not on an IO form. Additionally, the final CD and Amortization schedule supports the IO payment. A post consummation CD was provided showing the fully amortization schedule. Provide corrected docs (note, CD, am schedule) to support which term the loan actually closed in. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 261 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | The Warranty Deed is missing from the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 261 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER4631 | Satisfied | C | B | C | B | Loan parameters do not meet guidelines | Final CD states the loan is Interest Only but I/O is not reflected on the Note. Provide a revised CD showing the loan term as XXXX Yr Fixed Rate. Payment on the Note seems to reflect the I/O payment, lender to review for payment accuracy. | (No Data) | PCCD provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 261 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER4643 | Waived | B | B | B | B | Borrower does not meet guideline requirements | A XXXX month housing history is required, borrower cannot complete a full XXXX months. | (No Data) | Exception for incomplete housing history approved by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 261 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | LTV/CLTV | CRDLTV142 | Satisfied | C | A | C | A | LTV Exception =>10% | Invalid. | (No Data) | Invalid exception: Fired in error. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 261 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3946 | Satisfied | C | B | C | A | TRID - CD: The Yes/No answer to whether the P&I can increase in the CD Loan Terms section does not match the Product or Additional Product Feature indicated in the CD Loan Information section | (No Data) | (No Data) | Invalid exception: Fired in error | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 261 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID4027 | Satisfied | C | B | C | B | TRID - CD: The P&I Payment on the Loan Terms section of Final Closing Disclosure does not match the initial Note P&I | (No Data) | (No Data) | CD and revised note matches. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 261 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID4350 | Satisfied | C | B | C | A | TRID - CD: At least one statement or section of the form that is required by the Regulation is not contained on the form | (No Data) | (No Data) | Invalid exception: Fired in error | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 261 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | Federal Higher-Priced | CMPFDHP2950 | Satisfied | B | A | B | A | Federal Higher-priced mortgage loan - No evidence that lender attempted to comply with appraisal Safe Harbor standards | (No Data) | (No Data) | Not Applicable | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 244 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER146 | Satisfied | D | A | D | A | Missing lender's loan approval/underwriting form | Loan was approved utilizing XXXX guidelines, however an AUS was not provided in the loan file. | (No Data) | Per lender, not a XXXX loan. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 244 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER4631 | Waived | B | B | B | B | Loan parameters do not meet guidelines | An exception approval is in the file for retaining the departing residence as a rental but has no property management experience. 1003 shows ownership in XXXX other properties: XXXX is a XXXX home that the borrower confirmed is never XXXX, and the XXXX is marked as XXXX but is vacant land, also not XXXX. | (No Data) | An exception approval is in the file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 244 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Title | CRDTIL796 | Satisfied | D | A | D | A | Missing Title | A Title policy was not provided in the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 244 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Assets | CRDAST3078 | Satisfied | C | A | C | A | Insufficient # of months cash reserves for PITI per guideline requirements | According to the underwriting guidelines, XXXX months reserves are required for the bank statement program. In this case, the borrower only has XXXX months of reserves verified. | (No Data) | DU provided showing no reserves are required. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 537 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | The Warranty/ Grant Deed is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 537 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | LTV/CLTV | CRDLTV3026 | Waived | B | B | B | B | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | Exception approved for 5% LTV above max allowed of 75% for XXXX XXXX residence. LTV is 80% | (No Data) | Exception approved for 5% LTV above max allowed of 75% for XXXX XXXX residence. LTV is 80% - Satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 279 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | The Final Amortization Schedule is missing from the loan file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 279 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | C | A | C | A | Loan documents do not meet guideline requirements | The Appraiser used comp #XXXX which is XXXX miles away from the subject property. | (No Data) | Appraiser addressed the extended distance and the CDA in file supports the value. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 544 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | Provide a final executed warranty deed for the loan file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 544 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER3262 | Satisfied | C | A | C | A | Property issues indicated | According to the guidelines, the appraisal should include minimum of XXXX comparable properties that were exposed to the MLS. The appraiser provided comps from Florida's realtors association not the MLS. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 542 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | DTI | CRDDTI106 | Waived | B | B | B | B | Debt Ratio Exception >5% and <10% | XXXX% DTI exceeds the max allowed of XXXX%. Lender exception approval is on file. | (No Data) | Lender exception approval is on file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 542 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Income/Employment | CRDINC150 | Waived | B | B | B | B | Income docs do not meet guidelines | Co-borrower is using XXXX in lieu of XXXX for verification. Lender exception approval is on file. | (No Data) | Lender exception approval is on file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 507 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER4435 | Satisfied | D | A | D | A | Missing Condo/Co-op Certificate/Questionnaire | A Condo questionnaire is missing from the loan file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 590 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER5785 | Waived | B | B | B | B | XXXX Delivery Restrictions -1 | Per guidelines XXXX must be used for business purposes only. Borrower is paying off personal debt with loan proceeds. | (No Data) | Exception to pay off personal debt with loan proceeds approved by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 295 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER3262 | Waived | C | B | C | B | Property issues indicated | According to the underwriting guidelines, the minimum square feet allowed is XXXX square feet per unit. In this case, unit #XXXX is XXXX sq ft., which does not meet the guideline requirements. | (No Data) | An exception was approved for the guideline deviation. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 523 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | A Warranty Deed was not provided in the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 523 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Credit/Mtg History | CRDCRMH149 | Satisfied | D | A | D | A | Missing support docs for VOM/VOR (e.g. cancelled checks) | A XXXX month housing history is required. No open and active mortgages reporting on initial credit or free and clear properties require pre-approval. Primary residence is owned free & clear. | (No Data) | A pre-approval was provided for the housing history. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 424 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Application | CRDAPP4625 | Satisfied | D | A | D | A | The orig file does not contain a third party fraud report | Missing third party fraud report | (No Data) | fraud report provided | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 563 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER146 | Satisfied | D | A | D | A | Missing lender's loan approval/underwriting form | The 1008 in the file is illegible. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 563 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3494 | Satisfied | D | A | D | A | TRID - Loan Estimate Missing | The Loan Estimate provided is incomplete and not legible. | (No Data) | LE provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 563 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3618 | Satisfied | C | A | C | A | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least XXXX business days prior to closing | CD provided on file illegible and incomplete. | (No Data) | CD provided to cure |
Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 563 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3670 | Satisfied | C | B | C | B | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within XXXX days of consummation | Unable to validate figure on LE copies are incomplete and illegible. | (No Data) | LE's and CD provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 563 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3676 | Satisfied | C | B | C | B | TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within XXXX days of consummation. | Unable to validate figure on LE copies are incomplete and illegible. | (No Data) | LE's and CD provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 563 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID4579 | Satisfied | D | A | D | A | TRID - CD: Missing Initial CD | Initial CD missing from file | (No Data) | LE's and CD provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 451 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER2548 | Satisfied | D | A | D | A | Missing AUS or AUS errors present | According to the Lock Report the loan was qualified with XXXX guidelines, however, and AUS was not provided in the loan file. | (No Data) | LP provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 289 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | Missing Warranty Deed conveying property to borrower and non-borrowing spouse. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 297 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Assets | CRDAST3078 | Satisfied | C | A | C | A | Insufficient # of months cash reserves for PITI per guideline requirements | According to the underwriting guidelines, the minimum reserves required is XXXX months. In this case, there are not sufficient reserves in the loan file to meet the requirements. | (No Data) | Additional asset provided for cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 603 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Income/Employment | CRDINC2302 | Satisfied | D | A | D | A | Missing Required Income Documentation | The loan file is missing documents to support the borrower's qualifying income of $XXXX | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 603 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Income/Employment | CRDINC3204 | Satisfied | D | A | D | A | Income Documentation Missing | Provide the tax transcripts verifying the XXXX and XXXX W-2 income. | transcripts provided to clear | Condition satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 603 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3494 | Satisfied | D | A | D | A | TRID - Loan Estimate Missing | Loan Estimates missing | (No Data) | Loan Estimate uploaded to doc file satisfied exception | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 603 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3670 | Satisfied | C | B | C | B | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within XXXX days of consummation | Loan Estimates missing | (No Data) | Loan Estimate uploaded to doc file satisfied exception | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 603 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3676 | Satisfied | C | B | C | B | TRID - CD: Ten percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within XXXX days of consummation. | Loan Estimates missing | (No Data) | Loan Estimate uploaded to doc file satisfied exception | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 603 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID4579 | Satisfied | D | A | D | A | TRID - CD: Missing Initial CD | Initial CD missing from file | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 603 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | RESPA | CMPRESPA2698 | Satisfied | B | A | B | A | RESPA - List of homeowners counseling organizations not in file | List of homeowners counseling organizations not in file | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 603 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | Required Affiliate Business Disclosure missing | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 574 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Credit/Mtg History | CRDCRMH149 | Satisfied | D | A | D | A | Missing support docs for VOM/VOR (e.g. cancelled checks) | VOR for the borrower's primary residence is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 378 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER4643 | Waived | B | B | B | B | Borrower does not meet guideline requirements | Exception approved for borrower to retain XXXX as XXXX property with no other XXXX properties. | (No Data) | Exception approved for borrower to retain XXXX as XXXX property with no other XXXX properties - Satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 378 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | Missing Affiliate Business Disclosure or FACTS. | (No Data) | LOE provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 347 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3676 | Satisfied | C | A | C | A | TRID - CD: XXXX percent tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within XXXX days of consummation. | Updated data points. Exception fired in error. | (No Data) | Exception fired in error. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 347 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | Federal Higher-Priced | CMPFDHP2950 | Satisfied | A | A | A | A | Federal Higher-priced mortgage loan - No evidence that lender attempted to comply with appraisal Safe Harbor standards | (No Data) | (No Data) | Invalid exception | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 432 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | An Occupancy certification was not provided in the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 432 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER4435 | Satisfied | D | A | D | A | Missing Condo/Co-op Certificate/Questionnaire | A Condo questionnaire was not provided in the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 332 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Credit/Mtg History | CRDCRMH149 | Satisfied | D | A | D | A | Missing support docs for VOM/VOR (e.g. cancelled checks) | A XXXX month housing history is required. No open and active mortgages reporting on initial credit or free and clear properties require pre-approval. Borrower provided XXXX months mortgage history, previously had no housing expense. | (No Data) | A pre-approval was provided for the housing history. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 332 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Income/Employment | CRDINC150 | Waived | B | B | B | B | Income docs do not meet guidelines | An exception approval is in the file to use notes receivable income, while only being able to show receipt of XXXX $XXXX payment which will be received mid XXXX of this XXXX, and the notes receivable income will conclude XXXX, which gives us slightly less than the required XXXX year continuance. Asking for approval to still be able to use the $XXXX in notes receivable income, divided by XXXX for the eligible income on this file. | (No Data) | Exception granted is note on Lock Report. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 332 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Insurance | CRDINSR289 | Satisfied | C | A | C | A | Insufficient Hazard Insurance Coverage | No evidence of full replacement noted on policy and no Replacement cost estimator provided to support coverage. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 361 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Insurance | CRDINSR289 | Satisfied | C | A | C | A | Insufficient Hazard Insurance Coverage | The homeowners insurance dwelling coverage of $XXXX is less than the required coverage of $XXXX | (No Data) | RCE provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 331 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Insurance | CRDINSR5352 | Satisfied | C | A | C | A | Flood Effective date is greater than the transaction date | Per CD loan closed/ funded XXXX; flood policy effective date is XXXX which is after the disbursement date of the loan. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 252 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | The Tax Statement for investment property XXXX, is missing from the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 252 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | A signed business narrative for XXXXand XXXX including details regarding the industry, size and operating profile of the business addressing location, rent, number of employees and physical assets, are missing from the loan file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 252 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | DTI | CRDDTI2540 | Satisfied | D | A | D | A | Missing verification of some or all components of non-subject PITI | The HOA statements for all investments properties or attestation that there are no HOA on the properties, are missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 252 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Income/Employment | CRDINC2340 | Satisfied | D | A | D | A | Employment verification does not meet guidelines | The Certificate of Good Standing for HFP Investments, is missing from the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 252 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Income/Employment | CRDINC3204 | Satisfied | D | A | D | A | Income Documentation Missing | Documentation that the borrower is at least XXXX% owner of XXXX by provided a CPA letter, tax preparer letter, operating agreement, or equivalent; reflecting the borrower's ownership percentage, is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 252 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Assets | CRDAST2354 | Satisfied | D | A | D | A | Asset Verification In File is Incomplete Per Requirements | According to the underwriting guidelines, the minimum reserves allowed is 6 months. In this case, there are not sufficient reserves in the loan file to meet the requirements. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 505 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3966 | Satisfied | C | B | C | B | TRID - CD: The Will Not Have an Escrow Account in the CD Loan Disclosures section is selected and both or neither of You declined it and/or Your lender does not offer one are selected | The "Will Not Have an Escrow Account" on Final CD XXXX, in the Loan Disclosures section is selected, but neither ofYou declined it or Your lender does not offer one is selected. | (No Data) | PCCD provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 505 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | Documentation | CMPDOC3274 | Satisfied | D | A | D | A | Mortgage/Deed in file is incomplete | Missing Mortgage pages 7-11. | (No Data) | Mortgage provided for cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 411 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3626 | Satisfied | C | A | C | A | TRID - CD: Loan consummated before end of waiting period | Please provide evidence that borrower acknowledged receipt of the, final LE dated XXXX and the initial CD dated XXXX, XXXX business days prior to consummation date of XXXX | (No Data) | Documents provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 410 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | LTV/CLTV | CRDLTV3026 | Waived | B | B | B | B | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | The borrower is a XXXX, guideline max LTV is 75%, in this case the loan closed at 80% LTV. | (No Data) | Exception for being above the max LTV for a XXXX approved by XXXX XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 306 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | Missing amortization schedule. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 306 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER146 | Satisfied | D | A | D | A | Missing lender's loan approval/underwriting form | The 1008 in file is illegible | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 306 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER4631 | Waived | B | B | B | B | Loan parameters do not meet guidelines | Guideline allows max of XXXX acres but subject is on XXXX acres per appraisal. Lender approval dated XXXX is in file | (No Data) | Lender approval is in file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 306 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | LTV/CLTV | CRDLTV3026 | Waived | B | B | B | B | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | Guideline allows max 75% LTV for rural properties but borrower's LTV is 80%. Lender approval dated 12/24/2025 is in file. | (No Data) | Lender approval is in file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 353 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | C | A | C | A | Loan documents do not meet guideline requirements | The Appraiser used Comp #XXXX which is XXXX miles away from the subject property. | (No Data) | XXXX reviewed and accepts the appraisal | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 353 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER4643 | Satisfied | C | A | C | A | Borrower does not meet guideline requirements | According to the underwriting guidelines,XXXX will reside in the security property as a principal residence. In this case, the borrowers are purchasing a second home as XXXX. | (No Data) | Per the guidelines, a borrower is considered a XXXX if they have had no ownership interest in a residential property for XXXX months during the XXXX year period preceding the date of purchase of the security property. In this case, the borrower has owned a property within the most recent XXXX years. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 299 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER4435 | Satisfied | D | A | D | A | Missing Condo/Co-op Certificate/Questionnaire | The Condo Questionnaire is missing from the loan file. | There is no questionnaire required as the property is FNMA approved per XXXX already. A questionnaire is not required even for agency loans. FNMA approved the condo XXXX, and would have reviewed all inspections at that time. We obtained the meeting minutes also to verify no other issues outstanding. I indicated on the transmittal that the condo is warrantable. This should be sufficient and would meet FNMA guidelines, which is what is required with XXXX. | Cleared based on explanation. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 299 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | Corrected data input cancels exception. | (No Data) | Corrected data input cancels exception. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 338 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Legal Documents | CRDLGL100 | Satisfied | D | A | D | A | Legal document incorrect or incomplete | The PPP Term for XXXX years on a declining XXXX is not an approved term. Must be declining XXXX, a flat XXXX% or XXXX months interest. | (No Data) | XXXX approved the PPP structure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 338 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER4643 | Waived | B | B | B | B | Borrower does not meet guideline requirements | Per guidelines the minimum FICO requirement for a XXXX/ XXXX is 700. Borrowers FICO is 665. | (No Data) | Exception for XXXX/ FTI XXXX a credit score < 700 approved by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 338 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER5785 | Waived | C | B | C | B | XXXX Delivery Restrictions -1 | Subject property purchase is non-arm's length, borrower is purchasing the home from XXXX XXXX and receiving a gift of equity. Per guidelines non-arm's length transactions are ineligible; an exception for the guideline deviation is missing from the loan file. | (No Data) | XXXX reviewed and approved. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 338 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH149 | Satisfied | D | A | D | A | Missing support docs for VOM/VOR (e.g. cancelled checks) | VOR provided by a private party, must also provide XXXX months of bank statements, cancelled check or bank debits in order to accept a private VOR. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 406 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | DTI | CRDDTI2540 | Satisfied | D | A | D | A | Missing verification of some or all components of non-subject PITI | The file is missing XXXX month housing history and payment history for the primary residence. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 362 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER2850 | Satisfied | B | A | B | A | ARM terms do not meet guidelines | Invalid | (No Data) | Invalid | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 555 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | The file did not include an occupancy certificate. | BPA provided to clear. | Condition satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 555 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER4643 | Waived | B | B | B | B | Borrower does not meet guideline requirements | The borrower lives rent free with XXX mother. The file includes an exception approval for the borrower living rent free with is month and subject is a XXXX on a DSCR transaction. | (No Data) | File includes an exception approval | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 568 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Title | CRDTIL4871 | Satisfied | D | A | D | A | Missing Title Certification | The loan file does not contain the warranty deed. | (No Data) | Warranty Deed provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 371 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER3262 | Waived | C | B | C | B | Property issues indicated | Minimum square footage required is XXXX sq ft. per unit. Unit XXXX is XXXX sq ft. and Unit XXXX is XXXX sq ft. | (No Data) | An exception was approved for the guideline deviation. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 437 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Income/Employment | CRDINC2488 | Satisfied | C | A | C | A | Verbal verification of employment missing | Missing verbal verification of employment for Borrower's schedule C Commissions. Missing verbal verification of employment for Coborrower's schedule C Management. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 246 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Income/Employment | CRDINC150 | Satisfied | C | A | C | A | Income docs do not meet guidelines | Missing letter of explanation addressing the Loan Originator's name, XXXX (NMLS XXXX), having the same name as the CPA, XXXX. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 308 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Credit/Mtg History | CRDCRMH193 | Waived | B | B | B | B | Length of mortgage/rental history in file does not meet guideline requirement | An exception approval is in the file for no open/active mortgages reporting on credit. Borrower lives with XXXX, but rent is paid via cash. So no Mortgage history. | (No Data) | An exception approval is in the file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 308 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Income/Employment | CRDINC150 | Waived | B | B | B | B | Income docs do not meet guidelines | An exception approval is in the file to allow the income with the recent XXXX month average being below XXXX% of the XXXX month average. This was due to XXXX of XXXX in XXXX, borrower took a step back from XXXX XXXX business. | (No Data) | An exception approval is in the file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 585 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Property Valuations | Property | PRVAPROP177 | Waived | C | B | C | B | Property Issues Indicated | None of the comparables used in the appraisal report were exposed to the MLS. | (No Data) | An exception was approved for the guideline deviation. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 356 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | The Fraud data tool check is missing from the loan file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 566 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Property Valuations | Property | PRVAPROP177 | Satisfied | C | A | C | A | Property Issues Indicated | Appraiser to correct FEMA flood zone from XXXX to XXXX to match Flood Certificate | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 566 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Compliance | Documentation | CMPDOC191 | Satisfied | D | A | D | A | Missing Mortgage | Missing Mortgage. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 239 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | C | A | C | A | Loan documents do not meet guideline requirements | The Business Narrative form completed for XXXX lists the incorrect XXXX business of XXXX. The XXXX statements are for XXXX | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 239 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | DTI | CRDDTI187 | Waived | B | B | B | B | Debt Ratio > 50% | Guidelines met to allow DTI up to XXXX%. No exception is needed. Waived. | (No Data) | Guidelines met to allow DTI up to XXXX%. No exception is needed. Waived. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 239 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Income/Employment | CRDINC150 | Satisfied | C | A | C | A | Income docs do not meet guidelines | Missing verification XXXX has been operating in the most recent XXXX years. The CPA letter for XXXXe does not verify XXXX operated in XXXX. Per the CPA letter, the CPA was the accountant forXXXX from XXXX-XXXX. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 239 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Income/Employment | CRDINC2496 | Satisfied | C | A | C | A | Verbal verification of employment completed outside the stated requirements and/or after closing/funding | Missing verification XXXXis active. The CPA (XXXX) is not able to verify XXXX is currently active as he is no longer this business' CPA as of XXXX. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 594 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER146 | Satisfied | D | A | D | A | Missing lender's loan approval/underwriting form | The 1008 in the file is illegible. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 594 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID5107 | Satisfied | D | A | D | A | TRID - Seller CD not in file; need in order to complete fee entry | The Seller CD was not located in the loan file. | (No Data) | Seller CD provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 336 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER2548 | Satisfied | D | A | D | A | Missing AUS or AUS errors present | The 1008 is missing from the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 474 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Legal Documents | CRDLGL100 | Satisfied | D | A | D | A | Legal document incorrect or incomplete | The Note, Mortgage, and other documents in the file are for the property located at XXXX; however, the Rate Lock Report indicates the subject property is XXXX | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 364 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER2548 | Satisfied | D | A | D | A | Missing AUS or AUS errors present | Lock Report reflect XXXX guidelines were utilized, however an AUS was not provided in the loan file. | (No Data) | AUS provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 364 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Assets | CRDAST3078 | Satisfied | C | A | C | A | Insufficient # of months cash reserves for PITI per guideline requirements | Missing the AUS in the file for this Flex loan to verify the amount of reserves required. | (No Data) | AUS provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 277 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | Right of Rescission | CMPROR2330 | Satisfied | C | B | C | B | ROR - Disbursement date is before end of statutory rescission period | The Final CD issued on XXXX reflected a disbursement date of XXXX The Right of Rescission (ROR) in the file expires at midnight on XXXX | (No Data) | Post CD provided reflecting a disbursement date of XXX | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 241 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH193 | Waived | B | B | B | B | Length of mortgage/rental history in file does not meet guideline requirement | A XXXX month housing history is required; incomplete housing history requires pre-approval, borrowers current mortgage is only reporting XXXX months. | (No Data) | Documents provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 396 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | Required Affiliate Business Disclosure missing from doc file/ | (No Data) | Invalid exception cleared | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 515 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | C | A | C | A | Loan documents do not meet guideline requirements | The file is missing the XXXX Lock Report. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 515 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER4631 | Satisfied | C | A | C | A | Loan parameters do not meet guidelines | The CU score in file exceeds XXXX, the actual score isXXXX. Per guides, a desk review product is required and is missing from the file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 247 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER4631 | Satisfied | C | A | C | A | Loan parameters do not meet guidelines | Appraisal report indicates rural property (note: subject property exhibits suburban characteristics). | (No Data) | Corrected appraisal provided. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 322 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER4631 | Satisfied | C | A | C | A | Loan parameters do not meet guidelines | The Prepayment Penalty of XXXX years at XXXX% for year XXXX of amount prepaid is not one of the three prepayment structure options available. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 272 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | B | A | B | A | Loan documents do not meet guideline requirements | The loan contains an exception because the borrower is purchasing a new XXXX residence, larger size/value than XXXX. The XXXX is listed for sale but not expected to be sold prior to close. | (No Data) | Exception approval in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 549 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Credit/Mtg History | CRDCRMH193 | Waived | B | B | B | B | Length of mortgage/rental history in file does not meet guideline requirement | An exception approval is in the file for housing history. Departure HOA dues were past due at initial underwriting and now paid, see mortgage statement pdf. | (No Data) | An exception approval is in the file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 549 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | Provide missing Affiliate Business Disclosure. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 610 | XXXXXXXXX | XXXXXXXXX | QM: Safe Harbor (APOR) | A | A | Property Valuations | Appraisal | PRVAAPPR3116 | Satisfied | A | A | A | A | Missing updated valuation | Provide updated valuation to support loan amount of $XXXX | XXXX- client provided desk review by collateral analytics; XXXX% variance; exception Satisfied | XXXX- Exception Satisfied | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 440 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | Required Affiliate Business Disclosure missing from document file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 415 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID5293 | Satisfied | A | A | A | A | TRID Not all required seller-paid fees were disclosed on the CD | Seller fees listed on Seller CD, but not Borrower Final CD. As the fees are at least reflected, there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception Satisfied. Final Grade A. | (No Data) | This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception Satisfied. Final Grade A. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 471 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Insurance | CRDINSR2400 | Satisfied | D | A | D | A | Missing Flood Certification Document | The Flood Certificate is missing from the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 471 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Property Valuations | Appraisal | PRVAAPPR4789 | Satisfied | C | A | C | A | Appraisal Deficiency | None of the comparables used by the appraiser were listed thru the MLS. | (No Data) | Comps listed in MLS. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 480 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | Required Affiliate Business Disclosure missing from file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 384 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER4643 | Waived | B | B | B | B | Borrower does not meet guideline requirements | An Exception Approval was placed in the loan file to allow borrowers to retain existing primary with no prior rental experience.Client Approved Exception. Copy in loan file. | (No Data) | An Exception Approval was placed in the loan file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 384 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | DTI | CRDDTI187 | Satisfied | C | A | C | A | Debt Ratio > 50% | According to the underwriting guidelines, the maximum DTI allowed is 50%. In this case, the DTI is XXXX%, which exceeds the guidelines. Audit calculated income is $XXXX a copy of the lenders income worksheet is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 288 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Credit/Mtg History | CRDCRMH193 | Waived | B | B | B | B | Length of mortgage/rental history in file does not meet guideline requirement | Borrower is living rent free with no primary housing payment history. Lender approval is on file. | (No Data) | Exception for incomplete housing history approved by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 288 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | RESPA | CMPRESPA863 | Waived | B | B | B | B | RESPA: Required Affiliate Business Disclosure missing | RESPA: Required Affiliate Business Disclosure missing | (No Data) | LOE provided. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 499 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Legal Documents | CRDLGL1819 | Satisfied | D | A | D | A | Estimated HUD-1 in File, Missing Final HUD-1 | Missing Final executed CD in the file. | PCCD provided. | Condition satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 499 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | Missing Tax Cert, First payment letter and amortization schedule | Documentation provided to cure. | Condition satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 499 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH193 | Waived | B | B | B | B | Length of mortgage/rental history in file does not meet guideline requirement | Borrower is obligated on the lease with XXXX per LOE, but borrower pays cash to XXXX and XXXX pays the XXXX, sometimes in cash. Lender exception approval is in file. | (No Data) | Lender exception approval is in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 499 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Compliance | Federal Consumer Protection | CMPFDCP304 | Satisfied | D | A | D | A | TILA - Transaction date unknown/missing | Note and Mortgage missing from file | (No Data) | Note and Mortgage provided fore cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 499 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Compliance | Documentation | CMPDOC191 | Satisfied | D | A | D | A | Missing Mortgage | Missing Mortgage | Mortgage provided. | Condition satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 499 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Compliance | Documentation | CMPDOC195 | Satisfied | D | A | D | A | Missing Note | Missing Note | Note provided. | Condition satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 383 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | Documentation that the borrower is at least XXXX% owner of the business by provided a CPA letter, tax preparer letter, operating agreement, or equivalent; reflecting the borrower's ownership percentage, is missing from the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 383 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Credit/Mtg History | CRDCRMH118 | Waived | B | B | B | B | Mortgage/rental lates exceed guidelines | An exception approval is in the file for the Past Due Balloon mortgage being paid off - maturity date XXXX3. Payoff good through XXXX on the payoff statement. | (No Data) | An exception approval is in the loan file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 383 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Credit/Mtg History | CRDCRMH149 | Waived | B | B | B | B | Missing support docs for VOM/VOR (e.g. cancelled checks) | An exception approval is in the file for the housing history - borrower pays mortgage in cash and VOM from individual lender is in the file. | (No Data) | An exception approval is in the loan file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 388 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | LTV/CLTV | CRDLTV3026 | Waived | C | B | C | B | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | According to the underwriting guidelines, for declining properties a 5% LTV reduction is required. In this case, the LTV is 80%, however the maximum allowed with the reduction is 75%. | (No Data) | An exception was approved for the guideline deviation. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 257 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | A Warranty deed was not provided in the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 257 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Application | CRDAPP130 | Satisfied | D | A | D | A | Application is incomplete | Final 1003 is missing page 3 of 9. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 257 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Property Valuations | Appraisal | PRVAAPPR2502 | Waived | B | B | B | B | Appraiser is currently on an exclusionary list | An exception approval is in the file for Appraisal review exclusionary list. | (No Data) | Exception granted is in file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 333 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER2850 | Satisfied | B | A | B | A | ARM terms do not meet guidelines | Invalid. | (No Data) | Invalid. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 494 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER2548 | Satisfied | D | A | D | A | Missing AUS or AUS errors present | Provide a legible 1008 for the loan file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 494 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Insurance | CRDINSR3028 | Satisfied | C | A | C | A | Flood Certificate has incorrect or incomplete data | Provide a legible Flood Certificate for the loan file | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 494 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3618 | Satisfied | C | A | C | A | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least XXXX business days prior to closing | Missing initial CD | (No Data) | Lender provided clear copy of Initial XXXXCD - Exception satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 494 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3626 | Satisfied | C | A | C | A | TRID - CD: Loan consummated before end of waiting period | Please provide evidence that borrower acknowledged receipt of CD XXXX days prior to consummation or Initial CD. Initial CD in file is not legible. | (No Data) | Lender provided clear copy of Initial XXXXCD - Exception satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 494 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID4579 | Satisfied | D | A | D | A | TRID - CD: Missing Initial CD | Missing Initial CD. | (No Data) | Lender provided clear copy of Initia XXXXCD - Exception satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 558 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH193 | Waived | B | B | B | B | Length of mortgage/rental history in file does not meet guideline requirement | An exception approval is in the file for rent paid in cash and checks for XXXX month housing history. VOR is in the file. | (No Data) | An exception approval is in the file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 461 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | C | A | C | A | Loan documents do not meet guideline requirements | The borrower is paying off personal debts on the loan, however this is an investment refinance loan. | (No Data) | Not a valid exception. TRID was run. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 461 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | LTV/CLTV | CRDLTV3026 | Waived | C | B | C | B | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | An exception approval was placed in the loan file to allow 5% LTV exception. Maximum LTV guidelines is 75%, loan LTV is 80%. | (No Data) | An exception approval was placed in the loan file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 461 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | Ability to Repay/Qualified Mortgage | CMPATRQM2916 | Waived | C | A | C | A | TIL Covered Transaction - Prepayment Penalties are prohibited unless the loan is a fixed rate Qualified Mortgage with an APR less than the Higher Priced Mortgage Loan threshold | TIL Prepayment Penalty Alternative Offer Disclosure missing from file. | (No Data) | Invalid exception. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 476 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Income/Employment | CRDINC150 | Waived | B | B | B | B | Income docs do not meet guidelines | Exception approved to use XXXX rental for subject and REO properties. Subject property never listed for rent. Buying neighbor's property (next to an REO) - Satisfied. | (No Data) | Exception approved to use XXXXl for subject and REO properties. Subject property never listed for rent. Buying neighbor's property (next to an REO) - Satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 517 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Insurance | CRDINSR5351 | Satisfied | C | A | C | A | Insurance Effective date is greater than the transaction date | Disbursement date is XXXX, HOI effective date is XXXX. Provide verification the insurance was effective at the date of disbursement. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 350 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER2548 | Satisfied | D | A | D | A | Missing AUS or AUS errors present | Missing AUS from the loan file as required for Flex Connect program. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 350 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | Ability to Repay/Qualified Mortgage | CMPATRQM2900 | Satisfied | C | A | C | A | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; Clayton's status determination places loan in a riskier status than the Lender's status determination. | Missing Assets documents to complete | (No Data) | Documents provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 350 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | Ability to Repay/Qualified Mortgage | CMPATRQM2906 | Waived | C | A | C | A | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; is not a Qualified Mortgage Lender did not document that they considered all ATR UW factors | Missing asset documents to complete | (No Data) | Documents provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 400 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | The Warranty Deed is missing from the loan file. The previous had the borrowers XXXX and did not include the current co-borrower. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 430 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | A Warranty Deed was not provided in the loan file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 534 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER2548 | Satisfied | D | A | D | A | Missing AUS or AUS errors present | The loan was manually underwritten and the file does not contain an AUS as required for XXXX underwriting. The subject loan was locked as XXXX. | (No Data) | not XXXX per XXXX | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 534 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Credit/Mtg History | CRDCRMH193 | Waived | B | B | B | B | Length of mortgage/rental history in file does not meet guideline requirement | An exception approval is in the file for the housing history exception. Borrower lives rent free | (No Data) | An exception approval is in the file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 534 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3670 | Satisfied | C | B | C | B | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within XXXX days of consummation | Zero Tolerance Fee of $XXXX due to Title Endorsement Fee fee increase on CD XXXX. Provide a valid Change of Circumstance, or Post Close CD, LOX and copy of refund check to borrower with proof of delivery via tracking method within XXXX days of consummation. | (No Data) | Input error. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 607 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | DTI | CRDDTI2540 | Satisfied | A | A | A | A | Missing verification of some or all components of non-subject PITI | Missing Lease for rental property located at XXXX | XXXX- Client uploaded new 1008. Exception satisfied | XXXX- Exception Satisfied | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 342 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Title | CRDTIL875 | Satisfied | C | A | C | A | Title Does Not Agree With Mortgage | Title commitment effective XXXX5 reflects vesting as "XXXX". Deed of Trust dated XXXX lists the borrower as "XXXX". A Grant Deed was executed XXXX granting property FROM "XXXX" TO "XXXX". It would appear a Grant Deed is missing transferring the property from XXXX and his XXXX XXXX TO XXXX as an individual completed between XXXX and XXXX | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 442 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER2548 | Satisfied | D | A | D | A | Missing AUS or AUS errors present | The 1008 in the file is illegible. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 442 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER5785 | Satisfied | C | A | C | A | XXXX Delivery Restrictions -1 | The loan file does not contain the borrower's ID. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 442 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER5787 | Satisfied | C | A | C | A | XXXX Delivery Restrictions -2 | Borrower is relocating from XXXX to XXXX. The loan file contains motivation letter but does not contain pre-approval from XXXX. The subject property is primary residence. | (No Data) | XXXX guidelines do not require a pre-approval. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 278 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Legal Documents | CRDLGL100 | Satisfied | D | A | D | A | Legal document incorrect or incomplete | The Appraiser used comp# XXXX which is XXXX miles away from the subject property. | (No Data) | Property preapproved by XXXX | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 278 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | Provide a legible copy of the 1008 Transmittal Summary | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 278 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER3122 | Waived | B | B | B | B | Loan documents do not meet guideline requirements | An Exception Approval was placed in the loan file due to the property having a XXXX being run out of the basement of the property. | (No Data) | XXXX Client Approved Exception via email. Copy in loan file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 278 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | DTI | CRDDTI187 | Satisfied | C | A | C | A | Debt Ratio > 50% | According to the underwriting guidelines the maximum DTI allowed is XXXX%. In this case, the DTI is XXXX%. | (No Data) | Subsidy income added to the income to decrease the DTI. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 492 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Credit/Mtg History | CRDCRMH149 | Satisfied | D | A | D | A | Missing support docs for VOM/VOR (e.g. cancelled checks) | A XXXX month housing history is required. No open and active mortgages reporting on initial credit or free and clear properties require pre-approval. According the the rental lease, the borrower has been renting XXX current residence from XXXX, the VOR in file indicated a rental date of XXXX A complete XXXX month rental history was not provided in the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 370 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | An Internet search of the borrower's business is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 370 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | Right of Rescission | CMPROR1909 | Satisfied | B | B | B | B | Incorrect ROR Form Used - H8 Form Used in Refinance With Original Creditor | Regulation Z designates the H9 rescission form as the form designed for same lender XXXX transactions; for this loan the lender is using the H8 form. Regulation Z has language allowing the use of a substantially similar notice. Claytons view has been that an H8 protects the lender and assignee to at least the same extent as an H9, but Clayton recognized that one could think that the mere existence of the H9 takes away the substantially similar notice argument. The majority of U.S. Circuit Courts that have opined on the issue have upheld the use of an H8 in a same-lender XXXX; therefore, Clayton grades the use of an H8 form in a same-lender refinance as a level 2/B- Non Material Condition in those Circuits that have not decided on this issue. | (No Data) | Clayton grades the use of an H8 form in a same-lender XXXX as a level 2/B- Non Material Condition in those Circuits that have not decided on this issue. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 543 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER146 | Satisfied | D | A | D | A | Missing lender's loan approval/underwriting form | The 1008 is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 543 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH189 | Satisfied | D | A | D | A | Missing credit report | Missing the credit report in the file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 543 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | LTV/CLTV | CRDLTV5736 | Waived | B | B | B | B | LTV Exceeds Guideline Requirement by less than 5% | According to the underwriting guidelines, the maximum allowed LTV for this loan is 75% due to IO and declining market. The loan was approved with a 77.18% which exceeds the guidelines. An exception was approved allowing the LTV up to 80%. | (No Data) | An exception was approved allowing the LTV up to 80%. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 543 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Title | CRDTIL796 | Satisfied | D | A | D | A | Missing Title | The title report is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 543 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Income/Employment | CRDINC3204 | Satisfied | D | A | D | A | Income Documentation Missing | The current lease agreement is missing from the file. DSCR unable to be calculated. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 543 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Insurance | CRDINSR2400 | Satisfied | D | A | D | A | Missing Flood Certification Document | The flood cert for the property is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 543 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Insurance | CRDINSR848 | Satisfied | D | A | D | A | Missing Hazard Insurance | The hazard insurance policy for the subject property is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 543 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Application | CRDAPP4625 | Satisfied | D | A | D | A | The orig file does not contain a third party fraud report | The fraud report is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 543 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Property Valuations | Appraisal | PRVAAPPR100 | Satisfied | D | A | D | A | Missing Appraisal | The appraisal for the subject property is missing from the file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 543 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Property Valuations | Appraisal | PRVAAPPR1939 | Satisfied | C | A | C | A | Appraiser License for Incorrect State | The 1007 from the appraisal report is missing from the loan file. Unable to calculate the DSCR. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 329 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER2850 | Satisfied | B | A | B | A | ARM terms do not meet guidelines | Invalid. | (No Data) | Invalid | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 312 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Property Valuations | Property | PRVAPROP177 | Waived | C | B | C | B | Property Issues Indicated | None of the comparables used in the appraisal report were listed with the MLS. | (No Data) | An exception was approved for the guideline deviation. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 312 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Property Valuations | Appraisal | PRVAAPPR2502 | Waived | B | B | B | B | Appraiser is currently on an exclusionary list | Appraisal Review Exclusionary List | (No Data) | Appraisal reviewed and approved by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 500 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Income/Employment | CRDINC888 | Satisfied | C | A | C | A | Income Amount is Unsupported by Documentation in File | Missing XXXX Statements supporting monthly income of $XXXX | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 500 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Assets | CRDAST206 | Satisfied | C | A | C | A | Asset Amounts Are Unsupported by Documentation in File | Missing bank statements for XXXX account ending #XXXX reflecting balance of XXXX | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 253 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER3262 | Satisfied | C | A | C | A | Property issues indicated | The XXXX indicates conflicting information of XXXX properties. However, XXXX guidelines confirms that XXXX properties are not eligible. | (No Data) | XXXX guidelines list properties held in a XXXX as eligible and ineligible. XXXX guidelines does not list XXXX as ineligible. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 283 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | State High Cost | CMPSTHC315 | Satisfied | C | A | C | A | NJ High-Cost Loan by exceeding point and fee threshold | The loan failed the XXXX High-Cost Loan test by exceeding point and fee threshold. | Client provided rate sheet from XXXX reflecting a par rate of XXXX. Loan retested using XXXX and loan is not a XXXX High-cost loan, XXXX discount points were allowed to be excluded. Loan meet XXXX recoupment term; interest saved during 1st XXXX month is $XXXX with a cost of $XXXX/ XXXX discount points. | Condition satisfied | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 473 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Property Valuations | Property | PRVAPROP177 | Waived | B | B | B | B | Property Issues Indicated | Subject is unique XXXX property. Subject improvements are larger than typical for the area. Lack of sales and rent comps similar to subject lot size, unit count, bd/ba count, SF. Search perimeter expanded due to limited comps. CDA supports value with no concerns noted. | (No Data) | Exception approved by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 381 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Income/Employment | CRDINC150 | Waived | B | B | B | B | Income docs do not meet guidelines | XXXX NSFs/ODs identified on the business bank statements. According to the guidelines, no more than XXXX NSFs in the most recent XXXX months is allowed. An exception approval is in the loan file. | (No Data) | An exception approval is in the loan file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 496 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Legal Documents | CRDLGL100 | Satisfied | D | A | D | A | Legal document incorrect or incomplete | Provide a final signed amoritization schedule for the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 496 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER2548 | Satisfied | D | A | D | A | Missing AUS or AUS errors present | Provide a legible 1008 for the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 496 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Insurance | CRDINSR3028 | Satisfied | C | A | C | A | Flood Certificate has incorrect or incomplete data | Provide a legible Flood Cert for the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 496 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | Right of Rescission | CMPROR2330 | Satisfied | C | B | C | B | ROR - Disbursement date is before end of statutory rescission period | ROR midnight date is XXXX. Loan disbursed XXXX. Loan disbursed prior to ROR expiration date | (No Data) | Final settlement statement provided showing disbursement date of XXXX | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 303 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Application | CRDAPP1813 | Waived | B | B | B | B | Undisclosed non-arm's length transaction | An exception approval is in the file for this being a non-arms length transaction. This is a tenant purchase and the borrower is not able to document rent with bank statements. Amounts differ every month due to agreement with landlord. Received a VOR showing satisfactory pay history. | (No Data) | An exception approval is in the file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 307 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | An automated fraud and data tool check is missing from the loan file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 307 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER4435 | Satisfied | D | A | D | A | Missing Condo/Co-op Certificate/Questionnaire | The Condo Project Questionnaire is missing from the loan file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 307 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Title | CRDTIL100 | Satisfied | C | A | C | A | Potential title issue | The Title policy amount of $XXXX is less than the loan amount of $XXXX | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 307 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | RESPA | CMPRESPA863 | Waived | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | RESPA: Required Affiliate Business Disclosure missing | (No Data) | Invalid exception | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 273 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER5785 | Satisfied | C | A | C | A | XXXX Delivery Restrictions -1 | A third party appraisal review from an XXXX approved vendor is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 273 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Assets | CRDAST3078 | Satisfied | C | A | C | A | Insufficient # of months cash reserves for PITI per guideline requirements | Guideline requires XXXX months reserves but borrower has XXXX months reserves. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 486 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID4056 | Satisfied | B | B | B | B | TRID - CD: The Total Payment Amount on the Loan Calculation section of the Final Closing Disclosure is less than the Clayton Calculated Total Payment Amount | CD: XXXX Loan Calculation, Total of Payments disclosed as $XXXX System calculates $XXXX. Exception satisfied with PCCD XXXX disclosure of $XXXX | (No Data) | Exception satisfied with PCCD | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 486 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | Finance Charge Tolerance | CMPFINT106 | Satisfied | B | B | B | B | Finance charge understated by more than $100 (Pmt Stream) | Final CD XXXX Finance charge disclosed as $XXXX. System calculation is $XXXX, for an understatement of $XXXX. Exception satisfied with PCCD XXXX and a disclosed amount of $XXXX or a difference of $XXXX which is within tolerance. | (No Data) | Exception satisfied with PCCD | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 486 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | Finance Charge Tolerance | CMPFINT4372 | Satisfied | B | B | B | B | TILA/TRID-Disclosed Amount Financed is higher than Clayton's calculated Amount Financed | Satisfied with exception CMPFINT106. | (No Data) | Satisfied with exception CMPFINT106. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 419 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | LTV/CLTV | CRDLTV3026 | Waived | B | B | B | B | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | Exception approved for 80% LTV, 5% over max allowed of 75% due to subject being located in Rural area. | (No Data) | Exception approved for 80% LTV, 5% over max allowed of 75% due to subject being located in Rural area - Satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 419 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Assets | CRDAST3078 | Waived | C | B | C | B | Insufficient # of months cash reserves for PITI per guideline requirements | Missing sufficient reserves to meet the XXXX month PITI reserve requirement for XXXX). Borrower has XXXX months post close. | (No Data) | XXXX allowing the waiver with sufficient comp factors. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 419 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | Ability to Repay/Qualified Mortgage | CMPATRQM3220 | Satisfied | D | A | D | A | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. | ATR/QM is pending the XXXX month PITI reserve requirement being documented. | This is a XXXX not a XXXXfile per guides it's XXXX months | Cleared | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 419 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID5293 | Satisfied | A | A | A | A | TRID Not all required seller-paid fees were disclosed on the CD | Seller fees listed on Seller CD, but not Borrower Final CD. As the fees are at least reflected, there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A. | (No Data) | This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 513 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER5785 | Waived | B | B | B | B | XXXX Delivery Restrictions -1 | Fair market rent increased from original report due to new comps added. | (No Data) | Exception to use increased market rent approved by XXXX (XXXX) and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 551 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | C | A | C | A | Loan documents do not meet guideline requirements | All the comps used on the appraisal report were not exposed to MLS. | (No Data) | Properties were listed on XXXX MLS. Sufficient. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 292 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER5785 | Satisfied | C | A | C | A | XXXX Delivery Restrictions -1 | Missing XXXX Rate Lock | (No Data) | Rate lock provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 292 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Credit/Mtg History | CRDCRMH1805 | Satisfied | C | A | C | A | Debts/obligations not disclosed/accounted for at origination | Proof of HOA payments for the properties located at XXXX and XXXX are missing from the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 292 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Income/Employment | CRDINC150 | Satisfied | C | A | C | A | Income docs do not meet guidelines | Missing the income calculation worksheet for the borrower's asset utilization income. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 292 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Income/Employment | CRDINC3204 | Satisfied | D | A | D | A | Income Documentation Missing | Provide the benefits letter or 1099 for XXX social security income. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 292 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Income/Employment | CRDINC888 | Waived | C | B | C | B | Income Amount is Unsupported by Documentation in File | According to the underwriting guidelines, income from notes receivables can be used to qualify provided the income is regular and recurring. The borrower should have a documented history of receiving the income for at least XXXX years and can verify thatthe income will continue for at least XXXX years from note on the new mortgage. The co-borrowers note receivable income has not been received for XXXX years as required. | (No Data) | XXXX allowed the use of their guidelines which requires evidence of XXXX months payment. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 518 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER146 | Satisfied | D | A | D | A | Missing lender's loan approval/underwriting form | The 1008 in the loan file is illegible. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 349 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER2548 | Satisfied | D | A | D | A | Missing AUS or AUS errors present | Missing AUS from the loan file | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 323 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | C | A | C | A | Loan documents do not meet guideline requirements | Missing Warranty Deed. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 493 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER146 | Satisfied | D | A | D | A | Missing lender's loan approval/underwriting form | The 1008 in the file is illegible. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 493 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Assets | CRDAST3078 | Satisfied | C | A | C | A | Insufficient # of months cash reserves for PITI per guideline requirements | Reserves of XXXX months PITIA is less than the minimum XXXX months reserves required. | (No Data) | Per XXXX variance, Reserves: XXXX reserve requirements are acceptable on XXXX DSCR product. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 564 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | The Amortization Schedule is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 564 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER146 | Satisfied | D | A | D | A | Missing lender's loan approval/underwriting form | Provide a legible copy of the 1008 Transmittal Summary. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 564 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER5785 | Satisfied | C | A | C | A | XXXX Delivery Restrictions -1 | Per the Prepayment Addendum to the Note the PPP term is XXXX% of amount prepaid within the first XXXX months; the Prepayment Rider to the Deed of Trust states XXXX% of the outstanding loan balance. Provide verification as to which is correct and correct the documents accordingly to match. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 613 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER146 | Satisfied | D | A | D | A | Missing lender's loan approval/underwriting form | The 1008 in the file is illegible. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 613 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3618 | Satisfied | C | A | C | A | TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to closing | The initial CD was not provided or is illegible. Please provide a legible copy of the initial CD. | (No Data) | Initial CD uploaded satisfies exception | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 613 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3626 | Satisfied | C | A | C | A | TRID - CD: Loan consummated before end of waiting period | The initial CD was not provided or is illegible. Please provide a legible copy of the initial CD. | (No Data) | Initial CD uploaded satisfies exception | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 613 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID4579 | Satisfied | D | A | D | A | TRID - CD: Missing Initial CD | The initial CD was not provided or is illegible. Please provide a legible copy of the initial CD. | (No Data) | Initial CD uploaded satisfies exception | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 321 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | The file is missing payoff to XXX in the amount of $XXXX The file is also missing the pay history for the subject. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 321 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | C | A | C | A | Loan documents do not meet guideline requirements | The file is missing the amortization schedule and the occupancy cert. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 321 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Credit/Mtg History | CRDCRMH189 | Satisfied | D | A | D | A | Missing credit report | Credit report is missing from the file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 321 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Income/Employment | CRDINC888 | Satisfied | C | A | C | A | Income Amount is Unsupported by Documentation in File | All income docs are missing from the file. | (No Data) | The document provided is the complete credit package however page 141-177 are blank which appears to be the bank statements for the income. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 321 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Application | CRDAPP5430 | Satisfied | B | A | B | A | FNMA Application Form is Outdated | The 1003 is missing from the file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 321 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | Ability to Repay/Qualified Mortgage | CMPATRQM3220 | Satisfied | D | A | D | A | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. | (No Data) | (No Data) | Invalid exception | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 612 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | A | A | A | A | Loan documents do not meet guideline requirements | XXXXis a guarantor, missing guaranty form required by the guideline | XXXX Client provided loan personal guaranty. Exception satisfied | XXXX- Exception Satisfied | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 389 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER2548 | Satisfied | D | A | D | A | Missing AUS or AUS errors present | A 1008 was not provided in the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 389 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Income/Employment | CRDINC3204 | Satisfied | D | A | D | A | Income Documentation Missing | Missing documentation to support the Rental income amount for the property at XXXX | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 389 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Property Valuations | Appraisal | PRVAAPPR3116 | Satisfied | D | A | D | A | Missing updated valuation | Missing the Third Party Valuation Product in the file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 313 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Income/Employment | CRDINC3204 | Satisfied | D | A | D | A | Income Documentation Missing | Missing a copy of the lease agreement for the subject property | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 497 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Credit/Mtg History | CRDCRMH120 | Satisfied | C | A | C | A | Collections, charge offs, liens, etc. exceed guidelines | According to the guidelines, Non-title charge-offs and collections open <XXXX years and greater than $XXXX (individually or aggregate) must be paid. The credit report reflects a XXXX charge off in the amount of $XXXX3; reported XXXX and last activity date of XXXX Unable to determine the charge-off open date. Provide verification of charge-off date. | (No Data) | charge-off open > XXXX yrs | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 416 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Credit/Mtg History | CRDCRMH1805 | Satisfied | C | A | C | A | Debts/obligations not disclosed/accounted for at origination | Missing documentation in the file to support why the XXXX debts were excluded from the DTI calculation. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 352 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | The 1008 and/or Approval is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 352 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH149 | Waived | B | B | B | B | Missing support docs for VOM/VOR (e.g. cancelled checks) | Borrower purchased property XXXX and has been paying the payments in cash. Has used the same private lender in the past. Provided letter from lender to verify mortgage history. | (No Data) | Exception for the guideline deviation approved by XXXX and in file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 268 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER4631 | Waived | B | B | B | B | Loan parameters do not meet guidelines | A XXXX month housing history is required; borrowers living rent free with no open and active mortgages reporting on credit requires pre-approval | (No Data) | The file contains an exception for the borrower being a first time homebuyer and living rent free. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 268 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Income/Employment | CRDINC126 | Waived | B | B | B | B | Length of employment/self-employment does not meet guidelines | Per guidelines a business must be opened for at least XXXX yrs to qualify for the business bank statement program. Borrowers business started XXXX so < XXXX yrs; WVOE provided from previous employer to document borrower has been in the same line of work for over XXXX years. | (No Data) | Exception for the guideline deviation approved by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 268 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Assets | CRDAST3078 | Waived | C | B | C | B | Insufficient # of months cash reserves for PITI per guideline requirements | Per guidelines XXXX months reserves are required. Borrower has XXXX months. Audit calculated property taxes at $XXXX per appraisal and tax certification from title. | (No Data) | XXXX approved the exception with comp factors. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 309 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Potential Misrepresentation | CRDPMR1799 | Waived | B | B | B | B | Potential misrepresentation of occupancy | An exception approval is in the file to accept the occupancy on this loan as XXXX home. Borrower owns the subject property with XXXX and moved out about XXXX years ago. The XXXX lives in the property with their XXXX and borrower currently rents. | (No Data) | An exception approval is in the file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 309 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3552 | Satisfied | C | A | C | A | TRID - Loan Estimate not timely | Application Date XXXX Initial LE issued XXXX | (No Data) | Disclosure provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 309 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | RESPA | CMPRESPA2700 | Satisfied | B | A | B | A | RESPA - List of homeowners counseling organizations not provided w/in 3 days of application | HO Counseling doc dated XXXX. Application Date XXXX | (No Data) | Disclosure provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 591 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Income/Employment | CRDINC2542 | Satisfied | D | A | D | A | Missing work authorization/VISA required for non-permanent resident aliens or foreign nationals | The loan file does not contain employment authorization/visa required for non-perm resident aliens. | (No Data) | XXXX has approved this. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 591 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Application | CRDAPP3822 | Waived | D | A | D | A | Missing or incomplete documentation related to citizenship/residency | Per guidelines all borrowers must have a valid SSN, ITIN's are not allowed. | (No Data) | XXXX has approved this. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 420 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Legal Documents | CRDLGL2420 | Satisfied | D | A | D | A | Missing HUD-1 (Final and Estimated) | The final CD or HUD1 is missing from the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 420 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Assets | CRDAST2354 | Satisfied | D | A | D | A | Asset Verification In File is Incomplete Per Requirements | Verification of XXXX months reserves is missing from the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 300 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Compliance | Documentation | CMPDOC191 | Satisfied | D | A | D | A | Missing Mortgage | Missing Mortgage | (No Data) | Mortgage provided for cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 293 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | The Final Amortization Schedule is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 293 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | The Business Narrative states the borrower is XXXX% owner, however the Operating Agreement states the borrower is XXXX% owner. The lender used XXXX%; provide verification of actual ownership percentage. | (No Data) | Lender verified they used XXXX% to be conservative. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 293 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Credit/Mtg History | CRDCRMH193 | Satisfied | B | A | B | A | Length of mortgage/rental history in file does not meet guideline requirement | A XXXX month housing history is required; no open and active mortgages reporting on initial credit requires preapproval. | (No Data) | Rent free letter provided and XXXX months housing history for XXXX properties verified by XXXX | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 293 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Application | CRDAPP130 | Satisfied | D | A | D | A | Application is incomplete | Final 1003 is missing from the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 293 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Application | CRDAPP131 | Satisfied | C | A | C | A | Occupancy status not supported by file documentation | The Occupancy Certificate is missing from the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 287 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER4631 | Waived | B | B | B | B | Loan parameters do not meet guidelines | Borrower has excessive negative balances reflected on XXXX in the past XXXX months. Lender approval is on file. | (No Data) | Lender approval is on file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 287 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Property Valuations | Property | PRVAPROP2674 | Satisfied | C | A | C | A | Property Issues Indicated 2 | A third party review value is required. The file includes a XXXX value which requires an CDA or secondary appraisal. | (No Data) | CDA provided for cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 264 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER3122 | Satisfied | C | A | C | A | Loan documents do not meet guideline requirements | Missing Business Purpose & Occupancy Affidavit from loan file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 324 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER2548 | Satisfied | D | A | D | A | Missing AUS or AUS errors present | Missing the AUS in file for the Lender Program XXX - XXXX. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 324 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | Corrected data input cancels exception. | (No Data) | Corrected data input cancels exception. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 570 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH104 | Waived | B | B | B | B | Credit score below guidelines | Borrower FICO of 675 is below program min allowable of 680. Lender exception approval is on file. | (No Data) | Lender exception approval is on file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 488 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | Required Affiliate Business Disclosure missing from file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 398 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3494 | Satisfied | D | A | D | A | TRID - Loan Estimate Missing | Loan estimate missing from file | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 284 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER5785 | Satisfied | C | A | C | A | XXXX Delivery Restrictions -1 | Lender to provide explanation as to why loan was locked as an XXXX property purchase but closed as a XXXX. Provide verification that borrower intends to live in the subject property. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 425 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER5785 | Satisfied | C | A | C | A | XXXX Delivery Restrictions -1 | Borrowers retaining their current XXXX as an XXXX without landlord experience requires pre-approval. | File contains a lease agreement for the departing residence. | Condition satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 472 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH104 | Waived | B | B | B | B | Credit score below guidelines | Borrower FICO of 690 is below the guideline minimum of 700. Lender approval dated XXXX is on file. | (No Data) | An exception approval was placed in the loan file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 274 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3670 | Satisfied | C | B | C | B | TRID - Zero tolerance fee or fees increased at or prior to closing without a valid reason or not timely disclosed; refund required within XXXX days of consummation | Zero tolerance for $XXXX increased on CD disclosed on XXXX for Credit report. Please provide Letter of explanation, corrected Closing Disclosure, refund, proof of delivery within XXXX days of consummation. | (No Data) | Lender provided XXXX PCCD and evidence of $XXXX credit to borrower - Exception satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 267 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Legal Documents | CRDLGL100 | Satisfied | D | A | D | A | Legal document incorrect or incomplete | The rate was locked as a full doc loan but the income in the file is calculated as a XXXX months bank statement loan. | (No Data) | Seller verified the loan was approved as a XXXX loan. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 267 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Property Valuations | Property | PRVAPROP2556 | Waived | C | B | C | B | Acreage exceeds property eligibility guidelines | Property is XXXX acres, which is greater than the maximum XXXX acres allowed. | (No Data) | An exception was approved for the guideline deviation. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 267 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Property Valuations | Appraisal | PRVAAPPR275 | Satisfied | D | A | D | A | Completed "Subject To" w/o Completion Cert in File | The appraisal is marked subject to and the completion cert is missing | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 267 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | Provide missing Affiliate Business Disclosure | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 433 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Insurance | CRDINSR3792 | Satisfied | D | A | D | A | Insurance policy missing Rent Loss/Business Interruption coverage | The Hazard Insurance does not indicate rental coverage as required by the guidelines. | (No Data) | beyond the program minimum is allowed in lieu of rent loss coverage | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 431 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER3122 | Waived | B | B | B | B | Loan documents do not meet guideline requirements | The file contains an exception approval because the borrower lives rent free with XXXX and all real estate owned is free and clear. | (No Data) | The file contains an exception approval | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 511 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER5785 | Satisfied | C | A | C | A | XXXX Delivery Restrictions -1 | The note does not specify what the default rate will be in case of default. | (No Data) | not required | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 511 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | DTI | CRDDTI2540 | Satisfied | D | A | D | A | Missing verification of some or all components of non-subject PITI | The loan file does not contain mortgage statement for XXXX property to verify monthly payment includes taxes, insurance, etc. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 511 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Insurance | CRDINSR289 | Satisfied | C | A | C | A | Insufficient Hazard Insurance Coverage | The homeowners insurance dwelling coverage of $XXXX is less than required coverage of $XXXX | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 243 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Compliance | Compliance Manual | CMPMAN2956 | Satisfied | D | A | D | A | Missing disclosure | The loan file does not contain the business purpose cert. | (No Data) | Lender provided Bus. Purpose doc. = Exception satisfied | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 280 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Income/Employment | CRDINC2408 | Satisfied | D | A | D | A | Income verification does not meet guidelines | The loan is coded as a XXXX month bank statement loan and calculation uploaded for XXXX However, the XXXX months bank statements are missing. | (No Data) | Documents provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 280 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | Ability to Repay/Qualified Mortgage | CMPATRQM3220 | Satisfied | D | A | D | A | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. | Missing the XXXX month bank statements in file that were used for the income calculation in order to render an accurate ATR/QM status. | (No Data) | Documents provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 280 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID5293 | Satisfied | A | A | A | A | TRID Not all required seller-paid fees were disclosed on the CD | Seller fees listed on Seller CD, but not Borrower Final CD. As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A. | (No Data) | This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 280 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | State Consumer Protection | CMPSTCP1151 | Satisfied | B | A | B | A | SC Home Loans -Broker 'Amounts Earned' Disclosure not in file | The Broker 'Amounts Earned' Disclosure is not in the file. Please provide. | (No Data) | Lender provided Broker Fee agreement - Exception cancelled. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 280 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | State Consumer Protection | CMPSTCP1159 | Satisfied | B | A | B | A | SC Home Loans - Designated Agency Disclosure not in file | Please provide The Designated Agency Disclosure. | (No Data) | Document included in the loan file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 593 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER4631 | Waived | B | B | B | B | Loan parameters do not meet guidelines | Subject has a permitted ADU with attached XXXX to main house but none of the Comps has an ADU with XXXX. Lender approval dated XXXX is in file. | (No Data) | Lender exception approval is on file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 238 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER4631 | Waived | C | B | C | B | Loan parameters do not meet guidelines | Bank statements reflect XXXX NSFs in the most recent XXXX months. | (No Data) | An exception was approved for the guideline deviation. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 238 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Income/Employment | CRDINC3204 | Satisfied | D | A | D | A | Income Documentation Missing | The XXXX month bank statements used to calculate income from XXXX are missing. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 238 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Insurance | CRDINSR848 | Satisfied | D | A | D | A | Missing Hazard Insurance | Provide the homeowner insurance policy for the subject property. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 516 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Assets | CRDAST2354 | Satisfied | D | A | D | A | Asset Verification In File is Incomplete Per Requirements | Per guidelines XXXX months PITIA reserves are required post-close. Borrower currently has XXXX months which does not meet the minimum requirement. | (No Data) | Per XXX overlay, the reserve requirement for XXXX is acceptable which is XXXX months. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 354 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Income/Employment | CRDINC150 | Waived | B | B | B | B | Income docs do not meet guidelines | An exception approval is in the file to allow the use of Inherited IRA account for asset depletion income calculation at XXXX%. | (No Data) | An exception approval is in the file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 310 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER4631 | Waived | B | B | B | B | Loan parameters do not meet guidelines | The loan contains an exception because the primary and subject are owned free and clear. Approved with 65% LTV. | (No Data) | The loan contains an exception in file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 407 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Legal Documents | CRDLGL988 | Satisfied | D | A | D | A | Loan File is Missing or Contains Insufficient Documentation for Basic Review | Documentation that the borrower is at least XXXX% owner of the business by provided a CPA letter, tax preparer letter, operating agreement, or equivalent; reflecting the borrower's ownership percentage, is missing from the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 532 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER2548 | Satisfied | D | A | D | A | Missing AUS or AUS errors present | The loan was locked as a XXXX loan; however, the AUS is missing from the file. | DU provided | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 271 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Income/Employment | CRDINC150 | Waived | B | B | B | B | Income docs do not meet guidelines | According to the guidelines, a maximum of XXXX instances are allowed with XXXX months of statements. The borrower has XXXX NSF's. An approved exception is in the loan file. | (No Data) | An approved exception is in the loan file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 281 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | RESPA: Required Affiliate Business Disclosure missing | (No Data) | Invalid | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 373 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER3122 | Waived | B | B | B | B | Loan documents do not meet guideline requirements | The loan contains an exception because the subject is located in XXXX | (No Data) | The loan contains an exception | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 483 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Property Valuations | Appraisal | PRVAAPPR2502 | Waived | B | B | B | B | Appraiser is currently on an exclusionary list | Appraiser is currently on the exclusionary list. | (No Data) | Exception for exclusionary list approved with a max loan amount of XXXX by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 266 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Assets | CRDAST3078 | Satisfied | C | A | C | A | Insufficient # of months cash reserves for PITI per guideline requirements | Loan file is missing sufficient assets to cover the required XXXX months reserves. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 452 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Income/Employment | CRDINC888 | Satisfied | C | A | C | A | Income Amount is Unsupported by Documentation in File | The loan was approved as a XXXX program, a XXXX worksheet was provided, however, the XXXX statements were not provided in the loan file. | (No Data) | additional bank statements provided. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 452 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Insurance | CRDINSR848 | Satisfied | D | A | D | A | Missing Hazard Insurance | The subject property Hazard Insurance was not provided in the loan file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 452 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Assets | CRDAST205 | Satisfied | C | A | C | A | Insufficient Funds to Close | According to the XXXX guidelines, the bank statement program requires XXXX months reserves. In this case, no assets were provided to support the asset requirements. | (No Data) | additional bank statements provided. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 452 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Assets | CRDAST2304 | Satisfied | D | A | D | A | Unverified Assets | According to the XXXX guidelines, the bank statement program requires XXXX months reserves. In this case, no assets were provided to support the asset requirements. | (No Data) | additional bank statements provided. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 452 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | Ability to Repay/Qualified Mortgage | CMPATRQM3220 | Satisfied | D | A | D | A | TILA - Loan subject to Ability to Repay/Qualified Mortgage rule; the loan file is missing documents to complete the ATR/QM review and render an accurate ATR/QM status. | Missing the XXXX months bank statements in the loan file to calculate income and render an accurate ATR/QM status. | (No Data) | XXXX months statement provided | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 258 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Assets | CRDAST3078 | Satisfied | C | A | C | A | Insufficient # of months cash reserves for PITI per guideline requirements | According to the underwriting guidelines, XXXX months reserves are required. In this case, the loan has XXXX months of reserves which does not qualify. | (No Data) | Documents provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 528 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER4643 | Satisfied | C | A | C | A | Borrower does not meet guideline requirements | No open and active mortgages reporting on initial credit will require pre-approval. | (No Data) | A pre-approval was provided for the housing history. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 528 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | Provide missing Affiliate Business Disclosure | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 285 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Property Valuations | Appraisal | PRVAAPPR2502 | Waived | B | B | B | B | Appraiser is currently on an exclusionary list | Appraiser is currently on an exclusionary list | (No Data) | Exception granted and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 285 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | State High Cost | CMPSTHC320 | Satisfied | C | B | C | B | NY High-Cost Loan by exceeding point and fee threshold | Per COMP NOW, Bona Fide Discount Fee testing issue. Referred to Lead to talk to client about .XXXX Threshold versus .XXXX | (No Data) | Reviewed with Compliance and after consulting with outside counsel, they agreed the exception can be cancelled. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 270 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | DTI | CRDDTI187 | Satisfied | C | A | C | A | Debt Ratio > 50% | According to the guidelines, the DTI of XXXX% is greater the maximum allowed DTI of XXXX%. The total income of $XXXX and monthly debts of $XXXX, which is a difference of the lender's DTI of XXXX | (No Data) | Revised DTI due to the exclusion of debt paid at closing. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 270 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | Missing Affiliate Business Disclosure. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 325 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH193 | Waived | B | B | B | B | Length of mortgage/rental history in file does not meet guideline requirement | An exception approval is in the file for the free and clear Primary Residence with past due tax balance. XXX has paid XXXX taxes, but the past due amount is from when XXX XXXX owned the property before they transferred title to XXXX after XXXX away in XXXX. The borrower is working on a payment arrangement for the past due taxes. | (No Data) | An exception approval is in the file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 290 | XXXXXXXXX | XXXXXXXXX | QM: Safe Harbor | A | A | Credit | Terms/Guidelines | CRDTER4435 | Satisfied | D | A | D | A | Missing Condo/Co-op Certificate/Questionnaire | The loan file does not contain condo questionnaire and other condo documentation. | (No Data) | questionnaire provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 290 | XXXXXXXXX | XXXXXXXXX | QM: Safe Harbor | A | A | Credit | Income/Employment | CRDINC3204 | Satisfied | D | A | D | A | Income Documentation Missing | The subject loan is XXXX and the loan file does not contain tax transcripts for the past XXXX years. | (No Data) | Tax transcripts provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 290 | XXXXXXXXX | XXXXXXXXX | QM: Safe Harbor | A | A | Credit | Insurance | CRDINSR5081 | Satisfied | D | A | D | A | Insurance Policy missing required endorsements | The loan file does not contain condo master insurance policy. | (No Data) | Master policy provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 290 | XXXXXXXXX | XXXXXXXXX | QM: Safe Harbor | A | A | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID3662 | Satisfied | A | A | A | A | TRID - Corrected CD should have been provided; APR is less than APR three business days prior to closing by more than allowable tolerance | CD XXXX APR disclosed as XXXX%, Final CD XXXXAPR as XXXX% for a reduction of XXXX% benefiting borrower. | (No Data) | Exception cleared, Final CD APR has reduction of XXXX% benefiting borrower. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 290 | XXXXXXXXX | XXXXXXXXX | QM: Safe Harbor | A | A | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | Required Affiliate Business Disclosure missing from file. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 572 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | Documentation | CMPDOC3280 | Satisfied | D | A | D | A | One or more Applications in file are incomplete | Provide a final 1003 for the loan file | (No Data) | Final 1003 provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 572 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | RESPA | CMPRESPA863 | Satisfied | B | A | B | A | RESPA: Required Affiliate Business Disclosure missing | RESPA: Required Affiliate Business Disclosure missing | (No Data) | Invalid: Fired in error. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 575 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Application | CRDAPP4625 | Satisfied | D | A | D | A | The orig file does not contain a third party fraud report | Provide an automated fraud and tool check in the loan file for both borrowers. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 575 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Property Valuations | Property | PRVAPROP177 | Waived | C | A | C | A | Property Issues Indicated | Appraiser only provided one comparable property < XXXX mile from subject. Per guidelines at least XXXX comps should be included within XXXX mile. | (No Data) | XXXX has approved the comps. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 375 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Income/Employment | CRDINC150 | Satisfied | C | A | C | A | Income docs do not meet guidelines | The CPA letter does not state justification for using XXXX% expense ratio as required per guidelines. | (No Data) | Loan was underwritten to XXXX guidelines per the lender. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 546 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Legal Documents | CRDLGL4033 | Satisfied | D | A | D | A | Missing Legal Document(s) | A Warranty Deed was not provided in the loan file. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 546 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER4631 | Waived | B | B | B | B | Loan parameters do not meet guidelines | The credit score of 674 for a XXXX buydown is less than the minimum 680 credit score required. An exception approval is in the file. | (No Data) | An exception approval is in the file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 286 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | Terms/Guidelines | CRDTER146 | Satisfied | D | A | D | A | Missing lender's loan approval/underwriting form | Missing the 1008 in the file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 286 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Credit | DTI | CRDDTI2540 | Satisfied | D | A | D | A | Missing verification of some or all components of non-subject PITI | The Hazard Insurance for Investment property XXXX., is missing from the loan file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 343 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Property Valuations | Property | PRVAPROP241 | Waived | B | B | B | B | Property Type unacceptable under guidelines | Exception approved for attached ADU having less than XXXX square feet (XXXX sq ft) - Satisfied. | (No Data) | Exception approved for attached XXXX having less than XXXX square feet (XXXX sq ft) - Satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 439 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Legal Documents | CRDLGL100 | Satisfied | D | A | D | A | Legal document incorrect or incomplete | The Note and other loan documents in the file has the Title, Member, in the signature line; however, there is no entity listed on the Note or other loan documents. | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 439 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | LTV/CLTV | CRDLTV3026 | Waived | B | B | B | B | LTV Exceeds Guideline Requirement by at least 5%, but less than 10% | An exception approval is in the file to allow the rate & term refinance at 85% LTV when max LTV with 714 credit score is 80% per Guidelines. Experienced investor w/ 7 properties and repeat borrower. | (No Data) | An exception approval is in the file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 291 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Compliance | Compliance Manual | CMPMAN2990 | Satisfied | C | A | C | A | 1003 - Final Application is not Accurate | The loan file does not contain the final 1003. | (No Data) | Lender provided Final 1003 - Exception satisfied. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 391 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Terms/Guidelines | CRDTER3262 | Waived | B | B | B | B | Property issues indicated | XXXX new build, XXXX, unit owners allowed to combine XXXX unit into XXXX without an amendment. An exception approval is in the file. | (No Data) | Exception granted dated XXXX is in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 391 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Insurance | CRDINSR2400 | Satisfied | D | A | D | A | Missing Flood Certification Document | Flood Cert was not provided in the loan file. | (No Data) | Flood Cert provided for cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 251 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Legal Documents | CRDLGL100 | Satisfied | D | A | D | A | Legal document incorrect or incomplete | The PPP Term for XXXX years at a declining XXXX% is not an approved term. Must be declining XXXX%, a flat XXXX% or XXXX months interest. | (No Data) | Seller approved to use XXXX PPP structure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 251 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER3262 | Waived | B | B | B | B | Property issues indicated | According to guidelines for XXXX units, Minimum Square Footage XXXX sq ft per unit. In this case the XXXX unit is only XXXX sq/ft. | (No Data) | Exception granted is in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 390 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | A | A | Compliance | Documentation | CMPDOC191 | Satisfied | D | A | D | A | Missing Mortgage | The Mortgage/ Deed of Trust is missing from the loan file. | (No Data) | Mortgage doc provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 478 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH118 | Waived | B | B | B | B | Mortgage/rental lates exceed guidelines | Max XXXX mtg lates per Guidelines. An exception approval is in the file to allow the Borrower having a rolling XXXX-day late XXXX | (No Data) | An exception approval was placed in the loan file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 395 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH193 | Waived | B | B | B | B | Length of mortgage/rental history in file does not meet guideline requirement | Borrower is a XXXX living rent free. | (No Data) | Exception for borrowing being a XXXX living rent free approved by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 365 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Credit | Credit/Mtg History | CRDCRMH149 | Waived | B | B | B | B | Missing support docs for VOM/VOR (e.g. cancelled checks) | A XXXX month housing history is required. No open and active mortgages reporting on initial credit or free and clear properties require pre-approval. Borrower lives rent free and is a First time Home buyer. An exception approval is in the file. | (No Data) | An exception approval is in the file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 365 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Property Valuations | Appraisal | PRVAAPPR2502 | Waived | B | B | B | B | Appraiser is currently on an exclusionary list | An exception approval is in the file for Appraisal Review - Exclusionary List. | (No Data) | Exception granted is in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 365 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | Compliance | TILA/RESPA Integrated Disclosure | CMPTRID5293 | Satisfied | A | A | A | A | TRID Not all required seller-paid fees were disclosed on the CD | Seller fees are listed on Seller CD, but not Borrower Final CD.As the fees are at least reflected there is no material issue. This exception is informational per Clayton Compliance department and TRID 2.0 revisions.Exception satisfied. Final Grade A. | (No Data) | This exception is informational per Clayton Compliance department and TRID 2.0 revisions.Exception satisfied. Final Grade A. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 311 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Compliance | RESPA | CMPRESPA863 | Satisfied | D | A | D | A | RESPA: Required Affiliate Business Disclosure missing | Provide missing Affiliate Business Disclosure | (No Data) | Document provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 401 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER2548 | Satisfied | D | A | D | A | Missing AUS or AUS errors present | According to the Lock Report, the loan approved with XXXX XXXX guidelines, however; an AUS was not provided in the loan file. | (No Data) | Document provided to cure | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 401 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Terms/Guidelines | CRDTER4631 | Waived | B | B | B | B | Loan parameters do not meet guidelines | According to the guidelines, non-arms length transactions are ineligible for XXXX Properties. | (No Data) | An exception was approved for the guideline deviation. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 501 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH149 | Waived | B | B | B | B | Missing support docs for VOM/VOR (e.g. cancelled checks) | A XXXX month housing history is required. No open and active mortgages reporting on initial credit or free and clear properties require pre-approval. An exception approval is in the file. | (No Data) | Exception for living rent free approved by XXXX and in file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 405 | XXXXXXXXX | XXXXXXXXX | ATR/QM: Exempt | B | B | Credit | Credit/Mtg History | CRDCRMH193 | Waived | B | B | B | B | Length of mortgage/rental history in file does not meet guideline requirement | Borrower lives rent free and has no housing history per guideline requirement. Lender approval is on file. | (No Data) | Lender approval is on file. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 444 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Terms/Guidelines | CRDTER146 | Satisfied | D | A | D | A | Missing lender's loan approval/underwriting form | The 1008 in the file is illegible. | (No Data) | Documentation provided to cure. | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
| 444 | XXXXXXXXX | XXXXXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | Credit | Insurance | CRDINSR2400 | Satisfied | D | A | D | A | Missing Flood Certification Document | Missing the Flood Cert in the file. | (No Data) | Document located in file | Not Applicable | (No Data) | Complete | XXXXXXXXX | |
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