EXHIBIT 99.20
clayton exception detail loan level report
| Client Name: | XXXXXX |
| Client Project Name: | XXXXXX |
| Start - End Dates: | XXXXXX |
| Deal Loan Count: | 378 |
| Exception Detail Loan Level | |
| Loans in Report | 378 |
| Deal ID | Loan Number | Seller Loan Number | Borrower Name | Original Balance | State | QM Status | Initial Overall Grade (Securitization) | Final Overall Grade (Securitization) | Initial Credit Grade (Securitization) | Final Credit Grade (Securitization) | Initial Property Valuation Grade (Securitization) | Final Property Valuations Grade (Securitization) | Initial Compliance Grade (Securitization) | Final Compliance Grade (Securitization) | Initial Overall Grade (S&P) | Final Overall Grade (S&P) | Initial Credit Grade (S&P) | Final Credit Grade (S&P) | Initial Property Valuation Grade (S&P) | Final Property Valuations Grade (S&P) | Initial Compliance Grade (S&P) | Final Compliance Grade (S&P) | Active Material Exceptions | Active Non-Material Exceptions | Satisfied Exceptions | Waived Exceptions | Compensating Factors | Valuation Comments | General Comments | Property Type | LTV | CLTV | Occupancy | Purpose | Credit Score | Brwr 1 Yrs in Property | Brwr 1 Occupation | Brwr 1 Yrs on Job | Total Monthly Income | Mortgage History | Total Cash Out | DTI (Back) | FTHB Flag | Loan Doc Type | Loan Status | Sample Group |
| 237 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1737: LTV below guideline requirements - Clayton Comments: 67.86% LTV CFCFS1744: DTI below guideline requirement - Clayton Comments: 25.58% DTI CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 705 score |
XXXXXX | XXXXXX | XXXXXX | 67.86 | 67.86 | XXXXXX | Purchase | 705 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 25.58 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 238 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDINSR848: Insurance: Missing Hazard Insurance - Initial Clayton Comments: Provide the homeowner insurance policy for the subject property. - Clayton Conclusion Comments: Documentation provided to cure. CRDINC3204: Income/Employment: Income Documentation Missing - Initial Clayton Comments: The XXXX month bank statements used to calculate income from XXXX are missing. - Clayton Conclusion Comments: Documentation provided to cure. |
CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: Bank statements reflect XXXX NSFs in the most recent XXXX months. - Clayton Conclusion Comments: An exception was approved for the guideline deviation. |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 742 FICO score exceeds minimum FICO requirements by over 20 points based on LTV CFCFS2860: Good credit history - Clayton Comments: No lates listed on the credit report CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves exceeds minimum reserve requirement by more than XXXX months |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Rate and Term Refi | 742 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 31.46 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 239 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | (No Data) | (No Data) | CRDINC150: Income/Employment: Income docs do not meet guidelines - Initial Clayton Comments: Missing verification XXXX has been operating in the most recent XXXX years. The CPA letter for XXXX does not verify XXXX operated in XXXX. Per the CPA letter, the CPA was the accountant forXXXX from XXXX-XXXX. - Clayton Conclusion Comments: Document provided to cure. CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: The Business Narrative form completed for XXXX lists the incorrect self-employed business of XXXX. The business banks statements are for XXXX. - Clayton Conclusion Comments: Document provided to cure CRDINC2496: Income/Employment: Verbal verification of employment completed outside the stated requirements and/or after closing/funding - Initial Clayton Comments: Missing verification XXXX is active. The CPA (XXXX is not able to verify XXXX is currently active as XXXX is no longer this business' CPA as of XXXX. - Clayton Conclusion Comments: Document provided to cure. |
CRDDTI187: DTI: Debt Ratio > 50% - Initial Clayton Comments: Guidelines met to allow DTI up to 55%. No exception is needed. Waived. - Clayton Conclusion Comments: Guidelines met to allow DTI up to 55%. No exception is needed. Waived. |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 785. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXX months. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-borrower has XXXX years with employer. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 785 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 54.93 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 240 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 785. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXX months. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrowers have owned business for XXXX years. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 785 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 45.19 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 241 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDCRMH193: Credit/Mtg History: Length of mortgage/rental history in file does not meet guideline requirement - Initial Clayton Comments: A XXXX month housing history is required; incomplete housing history requires pre-approval, borrowers current mortgage is only reporting XXXX months. - Clayton Conclusion Comments: Documents provided to cure - Related Compensating Factors: - Verified cash reserves exceed guidelines - XXXX months of reserves |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Cashout Refi | 637 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 242 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | N/A | N/A | C | A | C | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: The Loan Guaranty is missing page 8. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 796 Fico score exceeds the minimum Fico score by more than 20 points CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years XXXX months at current residence. |
XXXXXX | XXXXXX | XXXXXX | 72.40 | 72.40 | XXXXXX | Cashout Refi | 796 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 243 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | (No Data) | (No Data) | CMPMAN2956: Compliance Manual: Missing disclosure - Initial Clayton Comments: The loan file does not contain the business purpose cert. - Clayton Conclusion Comments: Lender provided Bus. Purpose doc. = Exception satisfied |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 761 fico |
XXXXXX | XXXXXX | XXXXXX | 54.27 | 54.27 | XXXXXX | Cashout Refi | 761 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 244 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDTIL796: Title: Missing Title - Initial Clayton Comments: A Title policy was not provided in the loan file. - Clayton Conclusion Comments: Document provided to cure. CRDAST3078: Assets: Insufficient # of months cash reserves for PITI per guideline requirements - Initial Clayton Comments: 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. - Clayton Conclusion Comments: DU provided showing no reserves are required. CRDTER146: Terms/Guidelines: Missing lender's loan approval/underwriting form - Initial Clayton Comments: Loan was approved utilizing XXXX guidelines, however an AUS was not provided in the loan file. - Clayton Conclusion Comments: Per lender, not a XXXX loan. |
CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: 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 that the borrower confirmed is never XXXX, and the XXXX is marked as XXXX but is XXXX, also not XXXX. - Clayton Conclusion Comments: An exception approval is in the file |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 698 score vs 660 required. CFCFS1744: DTI below guideline requirement - Clayton Comments: 3.84% DTI CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years XXXX months at current job. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 698 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 3.84 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 245 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: 65.80% LTV is below program max of 75% CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has 5.32% revolving credit utilization CFCFS1744: DTI below guideline requirement - Clayton Comments: 35% DTI is below program max by > 5% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. |
XXXXXX | XXXXXX | XXXXXX | 65.80 | 65.80 | XXXXXX | Cashout Refi | 669 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 35.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 246 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDINC150: Income/Employment: Income docs do not meet guidelines - Initial Clayton Comments: Missing letter of explanation addressing the Loan Originator's name, XXXX(NMLS XXXX), having the same name as the CPA, XXXX. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 802. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 6.09%. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 802 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 6.09 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 247 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: Appraisal report indicates rural property (note: subject property exhibits XXXX characteristics). - Clayton Conclusion Comments: Corrected appraisal provided. |
(No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 70.63% < GL 85% CFCFS2860: Good credit history - Clayton Comments: 0 x 30 > 24 months |
XXXXXX | XXXXXX | XXXXXX | 70.63 | 70.63 | XXXXXX | Purchase | 783 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 248 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDAPP3822: Application: Missing or incomplete documentation related to citizenship/residency - Initial Clayton Comments: Missing documentation related to the borrower's citizenship/residency. - Clayton Conclusion Comments: XXXX provided for cure - Related Compensating Factors: - Significant time at current residence - Borrower has been living at primary residence for over XXXX years. |
(No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has been living at primary residence for over XXXX years. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 700 is 40 points above the 660 required. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 700 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 249 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: Missing the Corporate Documents/Operating Agreement in the file for the borrowing entity XXXX - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 755 credit score exceeds the minimum required CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX verified cash reserves exceed minimum required |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Cashout Refi | 755 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 250 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 768. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS1744: DTI below guideline requirement - Clayton Comments: DSCR of 1.33 is .33 greater than the minimum DSCR allowed of 1.00 |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Cashout Refi | 768 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 251 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDLGL100: Legal Documents: Legal document incorrect or incomplete - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Seller approved to use XXXX PPP structure |
CRDTER3262: Terms/Guidelines: Property issues indicated - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Exception granted is in file. |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 686 score CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 69.19 | 69.19 | XXXXXX | Cashout Refi | 686 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 252 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDDTI2540: DTI: Missing verification of some or all components of non-subject PITI - Initial Clayton Comments: The HOA statements for all investments properties or attestation that there are no HOA on the properties, are missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - LTV below guideline requirements - 69.59% LTV is low. CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: A signed business narrative for XXXX and 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. - Clayton Conclusion Comments: Document provided to cure - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - LTV below guideline requirements - 69.59% LTV is low. CRDINC2340: Income/Employment: Employment verification does not meet guidelines - Initial Clayton Comments: The Certificate of Good Standing for HFP Investments, is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure. - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - LTV below guideline requirements - 69.59% LTV is low. CRDINC3204: Income/Employment: Income Documentation Missing - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - LTV below guideline requirements - 69.59% LTV is low. CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: The Tax Statement for investment property XXXX, is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure. - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - LTV below guideline requirements - 69.59% LTV is low. CRDAST2354: Assets: Asset Verification In File is Incomplete Per Requirements - Initial Clayton Comments: According to the underwriting guidelines, the minimum reserves allowed is XXXX months. In this case, there are not sufficient reserves in the loan file to meet the requirements. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - LTV below guideline requirements - 69.59% LTV is low. |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of XXXX%. CFCFS1737: LTV below guideline requirements - Clayton Comments: 69.59% LTV is low. |
XXXXXX | XXXXXX | XXXXXX | 69.59 | 69.59 | XXXXXX | Rate and Term Refi | 743 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 30.71 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 253 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDTER3262: Terms/Guidelines: Property issues indicated - Initial Clayton Comments: The XXXX indicates conflicting information of XXXX properties. However, XXXX guidelines confirms that XXXX properties are not eligible. - Clayton Conclusion Comments: XXXX guidelines list properties held in a XXXX as eligible and ineligible. XXXX guidelines does not list XXXX as ineligible. |
(No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years XXXX months at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrowers Fico of 652 is 32 points greater than the minimum required Fico of 620. |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Cashout Refi | 652 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 254 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | (No Data) | (No Data) | CRDLGL191: Legal Documents: Missing Mortgage - Initial Clayton Comments: The Mortgage/ Deed of Trust is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure CRDLGL195: Legal Documents: Missing Note - Initial Clayton Comments: The Note is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure |
CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: 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)." - Clayton Conclusion Comments: Exception for the guideline deviation approved by XXXX and in file. |
CFCFS1736: Significant time at current residence - Clayton Comments: XXXX yrs CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 62.34% < GL 75% |
XXXXXX | XXXXXX | XXXXXX | 67.53 | 67.53 | XXXXXX | Cashout Refi | 680 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 255 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: The loan file does not contain the warranty deed. - Clayton Conclusion Comments: Document provided to cure. CRDINC3204: Income/Employment: Income Documentation Missing - Initial Clayton Comments: The loan file does not contain tax transcripts for the past XXXX years as required for XXXX. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 782 fico |
XXXXXX | XXXXXX | XXXXXX | 70.91 | 70.91 | XXXXXX | Purchase | 782 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 35.06 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 256 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 753 score CFCFS1744: DTI below guideline requirement - Clayton Comments: 25.30% DTI CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 753 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 25.30 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 257 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | A | B | B | A | A | D | B | D | A | B | B | A | A | (No Data) | (No Data) | CRDAPP130: Application: Application is incomplete - Initial Clayton Comments: Final 1003 is missing page 3 of 9. - Clayton Conclusion Comments: Document provided to cure CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: A Warranty deed was not provided in the loan file. - Clayton Conclusion Comments: Documentation provided to cure. |
PRVAAPPR2502: Appraisal: Appraiser is currently on an exclusionary list - Initial Clayton Comments: An exception approval is in the file for Appraisal review exclusionary list. - Clayton Conclusion Comments: Exception granted is in file |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years XXXX months at current job. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 777 score CFCFS1744: DTI below guideline requirement - Clayton Comments: 30.43% DTI |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 777 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 30.43 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 258 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDAST3078: Assets: Insufficient # of months cash reserves for PITI per guideline requirements - Initial Clayton Comments: According to the underwriting guidelines, XXXX months reserves are required. In this case, the loan has XXXX months of reserves which does not qualify. - Clayton Conclusion Comments: Documents provided to cure |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrowers Fico of 722 is 82 points greater than the minimum required Fico of 640. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years XXXX months at current residence. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 722 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 259 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | C | A | N/A | N/A | D | B | D | A | C | B | N/A | N/A | (No Data) | (No Data) | PRVAVALU5249: Value: Property Value Not Supported - Initial Clayton Comments: The value on the Desk review in file has a XXXX% variance from the appraised value. The maximum allowable variance is XXXX%. - Clayton Conclusion Comments: Field review provided to support the appraisal. CRDTER146: Terms/Guidelines: Missing lender's loan approval/underwriting form - Initial Clayton Comments: The 1008 is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: 47.72% LTV is more than 10% below guideline max CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: XXXX CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years and XXXX months at current residence |
XXXXXX | XXXXXX | XXXXXX | 47.72 | 47.72 | XXXXXX | Rate and Term Refi | 636 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 260 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Housing history of XXXX exceeds guidelines CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 793 FICO score exceeds guidelines required score CFCFS1737: LTV below guideline requirements - Clayton Comments: 72.83% Below guideline requirement of 80% |
XXXXXX | XXXXXX | XXXXXX | 72.83 | 72.83 | XXXXXX | Rate and Term Refi | 793 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 19.62 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 261 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | B | D | B | D | B | A | A | C | B | (No Data) | (No Data) | CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: 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. - Clayton Conclusion Comments: PCCD provided to cure. CMPTRID4350: TILA/RESPA Integrated Disclosure: TRID - CD: At least one statement or section of the form that is required by the Regulation is not contained on the form - Clayton Conclusion Comments: Invalid exception: Fired in error CMPTRID3946: TILA/RESPA Integrated Disclosure: 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 - Clayton Conclusion Comments: Invalid exception: Fired in error CMPTRID4027: TILA/RESPA Integrated Disclosure: TRID - CD: The P&I Payment on the Loan Terms section of Final Closing Disclosure does not match the initial Note P&I - Clayton Conclusion Comments: CD and revised note matches. CMPFDHP2950: Federal Higher-Priced: Federal Higher-priced mortgage loan - No evidence that lender attempted to comply with appraisal Safe Harbor standards - Clayton Conclusion Comments: Not Applicable CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: The Warranty Deed is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure. - Related Compensating Factors: - Minimal use of credit - Borrowers have low credit utilization of XXXX%. CRDLGL100: Legal Documents: Legal document incorrect or incomplete - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Documentation provided to cure. CRDLTV142: LTV/CLTV: LTV Exception =>10% - Initial Clayton Comments: Invalid. - Clayton Conclusion Comments: Invalid exception: Fired in error. |
CRDTER4643: Terms/Guidelines: Borrower does not meet guideline requirements - Initial Clayton Comments: A XXXX month housing history is required, borrower cannot complete a full XXXX months. - Clayton Conclusion Comments: Exception for incomplete housing history approved by XXXX and in file. - Related Compensating Factors: - Minimal use of credit - Borrowers have low credit utilization of XXXX%. |
CFCFS5269: Minimal use of credit - Clayton Comments: Borrowers have low credit utilization of XXXX%. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is 10% less than maximum 80% allowed. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Purchase | 648 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 45.45 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 262 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves CFCFS2860: Good credit history - Clayton Comments: XXXX - housing history |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 751 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 263 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 681 qualifying score is 10+ points > 620 requirement. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of XXXX%. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 681 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 264 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: Missing Business Purpose & Occupancy Affidavit from loan file. - Clayton Conclusion Comments: Document provided to cure |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 783 credit score exceeds minimum required CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for past XXXX years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX verified cash reserves exceed minimum required |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 783 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 39.16 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 265 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | D | A | N/A | N/A | D | A | D | A | D | A | N/A | N/A | (No Data) | (No Data) | PRVAFEMA858: FEMA: Natural Disaster Area, no subsequent inspection (Individual & Public) - Initial Clayton Comments: The subject is in a FEMA disaster area and the loan file does not contain the appraisal and subsequent inspection. - Clayton Conclusion Comments: Invalid exception PRVAAPPR100: Appraisal: Missing Appraisal - Initial Clayton Comments: The loan file does not contain the appraisal. - Clayton Conclusion Comments: Appraisal Document provided to cure. CRDAST2354: Assets: Asset Verification In File is Incomplete Per Requirements - Initial Clayton Comments: The loan file does not contain XXXX account statement $XXXX which was used as funds to close. - Clayton Conclusion Comments: Document provided to cure. CRDDTI2540: DTI: Missing verification of some or all components of non-subject PITI - Initial Clayton Comments: The loan file does not contain PITI verification for XXXX - Clayton Conclusion Comments: Document provided to cure. CRDINC3204: Income/Employment: Income Documentation Missing - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Document provided to cure. CRDINC150: Income/Employment: Income docs do not meet guidelines - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Documentation provided to cure. CRDINC2340: Income/Employment: Employment verification does not meet guidelines - Initial Clayton Comments: The loan file does not contain Sec of State (or equivalent) verification of XXXX and XXXX - Clayton Conclusion Comments: Document provided to cure. CRDTER146: Terms/Guidelines: Missing lender's loan approval/underwriting form - Initial Clayton Comments: The 1008 is missing from the file. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 719 fico CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX mtg history |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 719 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 45.69 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 266 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDAST3078: Assets: Insufficient # of months cash reserves for PITI per guideline requirements - Initial Clayton Comments: Loan file is missing sufficient assets to cover the required XXXX months reserves. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 737 FICO exceeds program min by > 20 points CFCFS1744: DTI below guideline requirement - Clayton Comments: 19.93% DTI is below program max of 50%. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 737 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 19.93 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 267 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | A | D | B | B | A | D | B | D | A | D | B | B | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Provide missing Affiliate Business Disclosure - Clayton Conclusion Comments: Document provided to cure. PRVAAPPR275: Appraisal: Completed "Subject To" w/o Completion Cert in File - Initial Clayton Comments: The appraisal is marked subject to and the completion cert is missing - Clayton Conclusion Comments: Documentation provided to cure. CRDLGL100: Legal Documents: Legal document incorrect or incomplete - Initial Clayton Comments: The rate was locked as a full doc loan but the income in the file is calculated as a XXXX months bank statement loan. - Clayton Conclusion Comments: Seller verified the loan was approved as a bank statement loan. |
PRVAPROP2556: Property: Acreage exceeds property eligibility guidelines - Initial Clayton Comments: Property is XXXX acres, which is greater than the maximum 10 acres allowed. - Clayton Conclusion Comments: An exception was approved for the guideline deviation. |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 744 FICO score exceeds minimum FICO requirements by over 20 points based on LTV CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX has over XXXX months payment history and no lates listed on the credit report CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves exceeds minimum reserve requirement by more than XXXX months |
XXXXXX | XXXXXX | XXXXXX | 60.49 | 60.49 | XXXXXX | Purchase | 744 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 33.19 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 268 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDAST3078: Assets: Insufficient # of months cash reserves for PITI per guideline requirements - Initial Clayton Comments: Per guidelines XXXX months reserves are required. Borrower has XXXX months. Audit calculated property taxes at $XXXX per appraisal and tax certification from title. - Clayton Conclusion Comments: XXXX approved the exception with comp factors. - Related Compensating Factors: - DTI below guideline requirement - 42.28% DTI CRDINC126: Income/Employment: Length of employment/self-employment does not meet guidelines - Initial Clayton Comments: 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; XXXX provided from previous employer to document borrower has been in the same line of work for over XXXX years. - Clayton Conclusion Comments: Exception for the guideline deviation approved by XXXX and in file. CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: A XXXX month housing history is required; borrowers living rent free with no open and active mortgages reporting on credit requires pre-approval - Clayton Conclusion Comments: The file contains an exception for the borrower being a first time homebuyer and living rent free. |
CFCFS1744: DTI below guideline requirement - Clayton Comments: 42.28% DTI |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 737 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 42.28 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 269 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: Missing the Warranty Deed in the file. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 728 is 88 points above the 640 required. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower is XXXX for the mortgages reporting on the credit report. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of XXXX%. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 728 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 270 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | B | A | C | A | C | A | A | A | B | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Missing Affiliate Business Disclosure. - Clayton Conclusion Comments: Document provided to cure. CRDDTI187: DTI: Debt Ratio > 50% - Initial Clayton Comments: 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%. - Clayton Conclusion Comments: Revised DTI due to the exclusion of debt paid at closing. |
(No Data) | CFCFS1752: No Verified Compensating Factors - Clayton Comments: No verified compensating factors to offset for this loan. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 680 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 49.86 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 271 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDINC150: Income/Employment: Income docs do not meet guidelines - Initial Clayton Comments: According to the guidelines, a maximum of XXXX (XXXX) instances are allowed with XXXX (XXXX) months of statements. The borrower has XXXX NSF's. An approved exception is in the loan file. - Clayton Conclusion Comments: An approved exception is in the loan file. |
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 14.87% is 35.13% less than the maximum allowed DTI of 50%. |
XXXXXX | XXXXXX | XXXXXX | 28.59 | 28.59 | XXXXXX | Cashout Refi | 691 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 14.87 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 272 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | A | B | A | A | A | A | A | B | A | B | A | A | A | A | A | (No Data) | (No Data) | CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: The loan contains an exception because the borrower is purchasing a new primary residence, larger size/value than departure. The departure is listed for sale but not expected to be sold prior to close. - Clayton Conclusion Comments: Exception approval in file. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves CFCFS2860: Good credit history - Clayton Comments: XXXX - housing history |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 783 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 26.99 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 273 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDAST3078: Assets: Insufficient # of months cash reserves for PITI per guideline requirements - Initial Clayton Comments: Guideline requires XXXX months reserves but borrower has XXXX months reserves. - Clayton Conclusion Comments: Documentation provided to cure. CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: A third party appraisal review from an XXXX approved vendor is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 709 FICO exceeds program min by > 20 points |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 709 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 274 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | (No Data) | (No Data) | CMPTRID3670: TILA/RESPA Integrated Disclosure: 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 - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Lender provided XXXX PCCD and evidence of $XXXX credit to borrower - Exception satisfied. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 759 qualifying score is 20+ points > 660 requirement. CFCFS1744: DTI below guideline requirement - Clayton Comments: 20.11% DTI is low. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 759 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 20.11 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 275 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 691 exceeds guideline 660 CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has owned primary residence for XXXX years |
XXXXXX | XXXXXX | XXXXXX | 68.97 | 68.97 | XXXXXX | Cashout Refi | 691 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 276 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX verified reserves exceed minimum required CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 691 credit score exceeds minimum required |
XXXXXX | XXXXXX | XXXXXX | 69.47 | 69.47 | XXXXXX | Cashout Refi | 691 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 277 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | (No Data) | (No Data) | CMPROR2330: Right of Rescission: ROR - Disbursement date is before end of statutory rescission period - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Post CD provided reflecting a disbursement date of XXXX |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months CFCFS1744: DTI below guideline requirement - Clayton Comments: 35.80% DTI |
XXXXXX | XXXXXX | XXXXXX | 33.33 | 33.33 | XXXXXX | Cashout Refi | 662 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 35.80 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 278 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDDTI187: DTI: Debt Ratio > 50% - Initial Clayton Comments: According to the underwriting guidelines the maximum DTI allowed is XXXX%. In this case, the DTI is XXXX%. - Clayton Conclusion Comments: XXXX income added to the income to decrease the DTI. - Related Compensating Factors: - LTV below guideline requirements - 61.26% LTV is low. - Credit score exceeds guidelines - 727 qualifying score is 10+ points > 660 requirement. CRDLGL100: Legal Documents: Legal document incorrect or incomplete - Initial Clayton Comments: The Appraiser used comp# XXXX which is XXXX miles away from the subject property. - Clayton Conclusion Comments: Property preapproved by XXXX - Related Compensating Factors: - LTV below guideline requirements - 61.26% LTV is low. - Credit score exceeds guidelines - 727 qualifying score is 10+ points > 660 requirement. CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: Provide a legible copy of the 1008 Transmittal Summary - Clayton Conclusion Comments: Document provided to cure. |
CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: An Exception Approval was placed in the loan file due to the property having a XXX - Clayton Conclusion Comments: XXXX Client Approved Exception via email. Copy in loan file. - Related Compensating Factors: - LTV below guideline requirements - 61.26% LTV is low. - Credit score exceeds guidelines - 727 qualifying score is 10+ points > 660 requirement. |
CFCFS1737: LTV below guideline requirements - Clayton Comments: 61.26% LTV is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 727 qualifying score is 10+ points > 660 requirement. |
XXXXXX | XXXXXX | XXXXXX | 61.26 | 61.26 | XXXXXX | Cashout Refi | 727 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 49.95 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 279 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: The Final Amortization Schedule is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of 0.0% - DTI below guideline requirement - 22.22% DTI is low. CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: The Appraiser used comp #XXXX which is XXXX miles away from the subject property. - Clayton Conclusion Comments: Appraiser addressed the extended distance and the CDA in file supports the value. - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX% - DTI below guideline requirement - 22.22% DTI is low. |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of XXXX% CFCFS1744: DTI below guideline requirement - Clayton Comments: 22.22% DTI is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 769. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 769 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 22.22 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 280 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | (No Data) | (No Data) | CRDINC2408: Income/Employment: Income verification does not meet guidelines - Initial Clayton Comments: The loan is coded as a XXXX month bank statement loan and calculation uploaded for XXXX. However, the XXXX months bank statements are missing. - Clayton Conclusion Comments: Documents provided to cure. CMPATRQM3220: Ability to Repay/Qualified Mortgage: 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. - Initial Clayton Comments: Missing the XXXX month bank statements in file that were used for the income calculation in order to render an accurate ATR/QM status. - Clayton Conclusion Comments: Documents provided to cure. CMPTRID5293: TILA/RESPA Integrated Disclosure: TRID Not all required seller-paid fees were disclosed on the CD - Initial Clayton Comments: 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. - Clayton Conclusion Comments: This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A. CMPSTCP1151: State Consumer Protection: XXXX 'Amounts Earned' Disclosure not in file - Initial Clayton Comments: The Broker 'Amounts Earned' Disclosure is not in the file. Please provide. - Clayton Conclusion Comments: Lender provided Broker Fee agreement - Exception cancelled. CMPSTCP1159: State Consumer Protection: XXXX - Designated Agency Disclosure not in file - Initial Clayton Comments: Please provide The Designated Agency Disclosure. - Clayton Conclusion Comments: Document included in the loan file. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves exceeds minimum reserve requirement by more than XXXX months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 777 FICO score exceeds minimum FICO requirements by over 20 points based on LTV CFCFS1734: Borrower has significant time at current job - Clayton Comments: Co-Borrower has XXXX years XXXX months at current job. |
XXXXXX | XXXXXX | XXXXXX | 79.05 | 79.05 | XXXXXX | Purchase | 777 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 37.93 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 281 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | A | A | A | A | A | B | A | B | A | A | A | A | A | B | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: RESPA: Required Affiliate Business Disclosure missing - Clayton Conclusion Comments: Invalid |
(No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 759. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 759 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 44.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 282 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 691. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXX months. CFCFS1744: DTI below guideline requirement - Clayton Comments: DSCR is 1.5241 |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 691 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 283 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | (No Data) | (No Data) | CMPSTHC315: State High Cost: XXXX High-Cost Loan by exceeding point and fee threshold - Initial Clayton Comments: The loan failed the XXXX High-Cost Loan test by exceeding point and fee threshold. - Client/Seller Response Comments: 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. - Clayton Conclusion Comments: Condition satisfied |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 706 FICO exceeds program min by > 20 points CFCFS1744: DTI below guideline requirement - Clayton Comments: 44.96% DTI is below program max of 50%. CFCFS1737: LTV below guideline requirements - Clayton Comments: 25.61% DTI is below program max of 70% |
XXXXXX | XXXXXX | XXXXXX | 25.61 | 25.61 | XXXXXX | Cashout Refi | 706 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 44.96 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 284 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: Lender to provide explanation as to why loan was locked as an investment property purchase but closed as a primary residence. Provide verification that borrower intends to live in the subject property. - Clayton Conclusion Comments: Document provided to cure. - Related Compensating Factors: - Credit score exceeds guidelines - Credit score is 792. - Mortgage payment history exceeds guidelines - Mortgage payment history is XXXX months. - Verified cash reserves exceed guidelines - Verified cash reserves are XXXX (XXXX months). |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 792. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves are $XXXX (XXXX months). |
XXXXXX | XXXXXX | XXXXXX | 56.52 | 56.52 | XXXXXX | Purchase | 792 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 48.38 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 285 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | B | A | A | B | B | C | B | C | B | A | A | B | B | C | B | (No Data) | (No Data) | CMPSTHC320: State High Cost: XXXX High-Cost Loan by exceeding point and fee threshold - Initial Clayton Comments: Per COMP NOW, Bona Fide Discount Fee testing issue. Referred to Lead to talk to client about .XXXX Threshold versus .XXXX - Clayton Conclusion Comments: Reviewed with Compliance and after consulting with outside counsel, they agreed the exception can be cancelled. |
PRVAAPPR2502: Appraisal: Appraiser is currently on an exclusionary list - Initial Clayton Comments: Appraiser is currently on an exclusionary list - Clayton Conclusion Comments: Exception granted and in file. |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 798 score CFCFS1744: DTI below guideline requirement - Clayton Comments: 36.30% DTI |
XXXXXX | XXXXXX | XXXXXX | 74.36 | 74.36 | XXXXXX | Purchase | 798 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 36.30 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 286 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDDTI2540: DTI: Missing verification of some or all components of non-subject PITI - Initial Clayton Comments: The Hazard Insurance for Investment property 1031 W. Central Ave., is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure CRDTER146: Terms/Guidelines: Missing lender's loan approval/underwriting form - Initial Clayton Comments: Missing the 1008 in the file. - Clayton Conclusion Comments: Document provided to cure |
(No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: 69.68% LTV is low. CFCFS1744: DTI below guideline requirement - Clayton Comments: 38.47% DTI is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 764. |
XXXXXX | XXXXXX | XXXXXX | 69.68 | 69.68 | XXXXXX | Rate and Term Refi | 764 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 38.47 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 287 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | B | B | B | C | A | A | A | C | B | B | B | C | A | A | A | (No Data) | (No Data) | PRVAPROP2674: Property: Property Issues Indicated 2 - Initial Clayton Comments: A third party review value is required. The file includes a XXXX value which requires an CDA or secondary appraisal. - Clayton Conclusion Comments: CDA provided for cure. |
CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: Borrower has excessive negative balances reflected on business bank statements in the past XXXX months. Lender approval is on file. - Clayton Conclusion Comments: Lender approval is on file. - Related Compensating Factors: - Verified cash reserves exceed guidelines - XXXX months reserves. - Positive mortgage payment history - XXXX months housing history - DTI below guideline requirement - XXXX% DTI is below program max of XXXX%. - Significant time at current residence - Borrower has XXXX years at current residence. - Credit score exceeds guidelines - 709 FICO exceeds program min by > 20 points. |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX months housing history CFCFS1744: DTI below guideline requirement - Clayton Comments: 9.30% DTI is below program max of 50%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 709 FICO exceeds program min by > 20 points. |
XXXXXX | XXXXXX | XXXXXX | 73.71 | 73.71 | XXXXXX | Cashout Refi | 731 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 9.30 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 288 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | B | B | B | B | B | B | A | A | B | B | (No Data) | (No Data) | (No Data) | CRDCRMH193: Credit/Mtg History: Length of mortgage/rental history in file does not meet guideline requirement - Initial Clayton Comments: Borrower is living rent free with no primary housing payment history. Lender approval is on file. - Clayton Conclusion Comments: Exception for incomplete housing history approved by XXXX and in file. - Related Compensating Factors: - DTI below guideline requirement - 36.65% DTI is > 5% below max. - LTV below guideline requirements - 45.95% LTV is below program max of 80%. CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: RESPA: Required Affiliate Business Disclosure missing - Clayton Conclusion Comments: LOE provided. |
CFCFS1744: DTI below guideline requirement - Clayton Comments: 36.65% DTI is > 5% below max. CFCFS1737: LTV below guideline requirements - Clayton Comments: 45.95% LTV is below program max of 80%. |
XXXXXX | XXXXXX | XXXXXX | 45.95 | 45.95 | XXXXXX | Purchase | 695 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 36.65 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 289 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: Missing Warranty Deed conveying property to borrower and non-borrowing spouse. - Clayton Conclusion Comments: Document provided to cure |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 797. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 22.18%. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 797 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 22.18 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 290 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor | D | A | D | A | A | A | B | A | D | A | D | A | A | A | B | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Required Affiliate Business Disclosure missing from file. - Clayton Conclusion Comments: Document provided to cure. CMPTRID3662: TILA/RESPA Integrated Disclosure: TRID - Corrected CD should have been provided; APR is less than APR three business days prior to closing by more than allowable tolerance - Initial Clayton Comments: CD XXXX APR disclosed as XXXX%, Final CD XXXX APR as XXXX% for a reduction of XXXX% benefiting borrower. - Clayton Conclusion Comments: Exception cleared, Final CD APR has reduction of XXXX% benefiting borrower. CRDTER4435: Terms/Guidelines: Missing Condo/Co-op Certificate/Questionnaire - Initial Clayton Comments: The loan file does not contain condo questionnaire and other condo documentation. - Clayton Conclusion Comments: questionnaire provided to cure. CRDINSR5081: Insurance: Insurance Policy missing required endorsements - Initial Clayton Comments: The loan file does not contain condo master insurance policy. - Clayton Conclusion Comments: Master policy provided to cure. CRDINC3204: Income/Employment: Income Documentation Missing - Initial Clayton Comments: The subject loan is XXXX doc and the loan file does not contain tax transcripts for the past XXXX years. - Clayton Conclusion Comments: Tax transcripts provided to cure. |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: XXXX% credit utilization. CFCFS1734: Borrower has significant time at current job - Clayton Comments: XXXX years on job |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 662 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 47.47 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 291 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | (No Data) | (No Data) | CMPMAN2990: Compliance Manual: 1003 - Final Application is not Accurate - Initial Clayton Comments: The loan file does not contain the final 1003. - Clayton Conclusion Comments: Lender provided Final 1003 - Exception satisfied. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 769 fico |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 769 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 31.30 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 292 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: Missing XXXX Rate Lock - Clayton Conclusion Comments: Rate lock provided to cure. CRDINC3204: Income/Employment: Income Documentation Missing - Initial Clayton Comments: Provide the XXXX or XXXX for XXXX XXXX income. - Clayton Conclusion Comments: Document provided to cure. CRDCRMH1805: Credit/Mtg History: Debts/obligations not disclosed/accounted for at origination - Initial Clayton Comments: Proof of HOA payments for the properties located at XXXX and XXXX are missing from the loan file. - Clayton Conclusion Comments: Document provided to cure. CRDINC150: Income/Employment: Income docs do not meet guidelines - Initial Clayton Comments: Missing the income calculation worksheet for the borrower's XXXX income. - Clayton Conclusion Comments: Document provided to cure. |
CRDINC888: Income/Employment: Income Amount is Unsupported by Documentation in File - Initial Clayton Comments: 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 XXXX years as required. - Clayton Conclusion Comments: XXXX allowed the use of their guidelines which requires evidence of XXXX months payment. |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been on same job b for past XXXX years and XXXX months CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided at same residence for past XXXX years and Co borrowers have resided at same residence for past XXXX years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX verified cash reserves exceed minimum required |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 722 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 43.13 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 293 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDCRMH193: Credit/Mtg History: Length of mortgage/rental history in file does not meet guideline requirement - Initial Clayton Comments: A XXXX month housing history is required; no open and active mortgages reporting on initial credit requires preapproval. - Clayton Conclusion Comments: Rent free letter provided and XXXX months housing history for investment properties verified by bank statements. - Related Compensating Factors: - Verified cash reserves exceed guidelines - Borrower has over XXXX months Reserves. - DTI below guideline requirement - 27.67% DTI is low. CRDAPP131: Application: Occupancy status not supported by file documentation - Initial Clayton Comments: The Occupancy Certificate is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure. - Related Compensating Factors: - Verified cash reserves exceed guidelines - Borrower has over XXXX months Reserves. - DTI below guideline requirement - 27.67% DTI is low. CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Lender verified they used XXXX% to be conservative. - Related Compensating Factors: - Verified cash reserves exceed guidelines - Borrower has over XXXX months Reserves. - DTI below guideline requirement - 27.67% DTI is low. CRDAPP130: Application: Application is incomplete - Initial Clayton Comments: Final 1003 is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Verified cash reserves exceed guidelines - Borrower has over XXXX months Reserves. - DTI below guideline requirement - 27.67% DTI is low. CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: The Final Amortization Schedule is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Verified cash reserves exceed guidelines - Borrower has over 100 months Reserves. - DTI below guideline requirement - 27.67% DTI is low. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has over XXXX months Reserves. CFCFS1744: DTI below guideline requirement - Clayton Comments: 27.67% DTI is low. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 730 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 27.67 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 294 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 37.38% is 42.62% Less than the maximum allowed LTV of 80%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 34.38% is 15.62% less than the maximum allowed DTI of 50%. |
XXXXXX | XXXXXX | XXXXXX | 37.38 | 37.38 | XXXXXX | Cashout Refi | 784 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 34.38 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 295 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDTER3262: Terms/Guidelines: Property issues indicated - Initial Clayton Comments: 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. - Clayton Conclusion Comments: An exception was approved for the guideline deviation. |
CFCFS1744: DTI below guideline requirement - Clayton Comments: 12.58% DTI is low. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 798. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 798 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 12.58 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 296 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves CFCFS2860: Good credit history - Clayton Comments: XXXX - housing history CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 728 is 88 points above the 640 required. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Rate and Term Refi | 728 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 297 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDAST3078: Assets: Insufficient # of months cash reserves for PITI per guideline requirements - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Additional asset provided for cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 719 qualifying score is 20+ points > 660 requirement. CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrower has positive mortgage payment history reported on credit report XXXX |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Cashout Refi | 719 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 49.72 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 298 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX months CFCFS1736: Significant time at current residence - Clayton Comments: XXXX yrs CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 753 FICO CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 753 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 299 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | B | A | D | A | D | A | A | A | B | A | (No Data) | (No Data) | CRDTER4435: Terms/Guidelines: Missing Condo/Co-op Certificate/Questionnaire - Initial Clayton Comments: The Condo Questionnaire is missing from the loan file. - Client/Seller Response Comments: There is no questionnaire required as the property is FNMA approved per CPM 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. - Clayton Conclusion Comments: Cleared based on explanation. - Related Compensating Factors: - DTI below guideline requirement - 36.98% DTI is low. - Credit score exceeds guidelines - 786 qualifying score is 20+ points > 680 requirement. CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Corrected data input cancels exception. - Clayton Conclusion Comments: Corrected data input cancels exception. |
(No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: 36.98% DTI is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 786 qualifying score is 20+ points > 680 requirement. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 786 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 36.98 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 300 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | (No Data) | (No Data) | CMPDOC191: Documentation: Missing Mortgage - Initial Clayton Comments: Missing Mortgage - Clayton Conclusion Comments: Mortgage provided for cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 768 FICO exceeds program min by > 20 points. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. CFCFS1744: DTI below guideline requirement - Clayton Comments: 34.16% DTI is below program max of 50%. |
XXXXXX | XXXXXX | XXXXXX | 78.29 | 78.29 | XXXXXX | Rate and Term Refi | 768 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 34.16 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 301 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1737: LTV below guideline requirements - Clayton Comments: 46.40% LTV CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 765 score |
XXXXXX | XXXXXX | XXXXXX | 46.40 | 46.40 | XXXXXX | Purchase | 765 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 302 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX - housing history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 708 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 39.14 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 303 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDAPP1813: Application: Undisclosed non-arm's length transaction - Initial Clayton Comments: 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. - Clayton Conclusion Comments: An exception approval is in the file |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 731 score CFCFS1744: DTI below guideline requirement - Clayton Comments: 17.24% DTI CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 731 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 17.24 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 304 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | B | B | B | D | A | N/A | N/A | D | B | B | B | D | A | N/A | N/A | (No Data) | (No Data) | PRVAAPPR3116: Appraisal: Missing updated valuation - Initial Clayton Comments: The Fannie and Freddie SSR scores both exceed XXXX and additional secondary valuation product is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure. |
CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: Subject property is a XXXX with the master insurance policy having a XXXX% deductible exceeding the maximum allowed of XXXX%. - Clayton Conclusion Comments: Exception for the guideline deviation approved by XXXX and in file. |
CFCFS1744: DTI below guideline requirement - Clayton Comments: 12% DTI is below max by more than 5% CFCFS2860: Good credit history - Clayton Comments: No lates listed on the credit report |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 712 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 12.65 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 305 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | (No Data) | (No Data) | CRDDTI187: DTI: Debt Ratio > 50% - Clayton Conclusion Comments: Income recalculated with XXXX% expense factor. CMPDOC195: Documentation: Missing Note - Initial Clayton Comments: The Note is missing from the loan file. - Clayton Conclusion Comments: Lender provided NOTE - Exception satisfied. CMPDOC191: Documentation: Missing Mortgage - Initial Clayton Comments: The Mortgage/ Deed of Trust is missing from the loan file. - Clayton Conclusion Comments: Lender provided DOT & Riders - Exception satisfied. CRDCRMH149: Credit/Mtg History: Missing support docs for VOM/VOR (e.g. cancelled checks) - Initial Clayton Comments: VOM for the subject property is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - Credit score exceeds guidelines - 786 qualifying score is 10+ points > 680 requirement. |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 786 qualifying score is 10+ points > 680 requirement. |
XXXXXX | XXXXXX | XXXXXX | 79.92 | 79.92 | XXXXXX | Rate and Term Refi | 786 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 42.40 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 306 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: Missing amortization schedule. - Clayton Conclusion Comments: Documentation provided to cure. CRDTER146: Terms/Guidelines: Missing lender's loan approval/underwriting form - Initial Clayton Comments: The 1008 in file is illegible - Clayton Conclusion Comments: Documentation provided to cure. |
CRDLTV3026: LTV/CLTV: LTV Exceeds Guideline Requirement by at least 5%, but less than 10% - Initial Clayton Comments: Guideline allows max 75% LTV for rural properties but borrower's LTV is 80%. Lender approval dated XXXX is in file. - Clayton Conclusion Comments: Lender approval is in file - Related Compensating Factors: - Borrower has significant time at current job - Borrower has XXXX years at current job - Credit score exceeds guidelines - 747 FICO exceeds program min by > 20 points - DTI below guideline requirement - 8.50% DTI is below program max of 50% - Minimal use of credit - Borrower has XXXX% revolving credit utilization. CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: Guideline allows max of XXXX acres but subject is on XXXX acres per appraisal. Lender approval dated XXXX is in file - Clayton Conclusion Comments: Lender approval is in file - Related Compensating Factors: - Borrower has significant time at current job - Borrower has XXXX years at current job - Credit score exceeds guidelines - 747 FICO exceeds program min by > 20 points - DTI below guideline requirement - 8.50% DTI is below program max of 50% - Minimal use of credit - Borrower has XXXX% revolving credit utilization. |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years at current job CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 747 FICO exceeds program min by > 20 points CFCFS1744: DTI below guideline requirement - Clayton Comments: 8.50% DTI is below program max of 50% CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Rate and Term Refi | 747 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 8.50 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 307 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | B | A | D | A | D | A | A | A | B | A | (No Data) | (No Data) | CRDTIL100: Title: Potential title issue - Initial Clayton Comments: The Title policy amount of $XXXX is less than the loan amount of $XXXX. - Clayton Conclusion Comments: Document provided to cure - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - Credit score exceeds guidelines - 796 qualifying score is 20+ points > 660 requirement. CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: An automated fraud and data tool check is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - Credit score exceeds guidelines - 796 qualifying score is 20+ points > 660 requirement. CRDTER4435: Terms/Guidelines: Missing Condo/Co-op Certificate/Questionnaire - Initial Clayton Comments: The Condo Project Questionnaire is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - Credit score exceeds guidelines - 796 qualifying score is 20+ points > 660 requirement. |
CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: RESPA: Required Affiliate Business Disclosure missing - Clayton Conclusion Comments: Invalid exception |
CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of 0.30%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 796 qualifying score is 20+ points > 660 requirement. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years XXXX months at current job. |
XXXXXX | XXXXXX | XXXXXX | 74.99 | 74.99 | XXXXXX | Purchase | 796 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 45.57 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 308 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDCRMH193: Credit/Mtg History: Length of mortgage/rental history in file does not meet guideline requirement - Initial Clayton Comments: 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. - Clayton Conclusion Comments: An exception approval is in the file CRDINC150: Income/Employment: Income docs do not meet guidelines - Initial Clayton Comments: 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 death of XXXX in XXXX, borrower took a step back from XXXX XXXX business. - Clayton Conclusion Comments: An exception approval is in the file |
CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is 10% below the 80% LTV allowed. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Purchase | 724 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 53.88 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 309 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | B | B | B | A | A | C | A | C | B | B | B | A | A | C | A | (No Data) | (No Data) | CMPRESPA2700: RESPA: RESPA - List of homeowners counseling organizations not provided w/in XXXX days of application - Initial Clayton Comments: HO Counseling doc dated XXXX. Application Date XXXX. - Clayton Conclusion Comments: Disclosure provided to cure. CMPTRID3552: TILA/RESPA Integrated Disclosure: TRID - Loan Estimate not timely - Initial Clayton Comments: Application Date XXXX. Initial LE issued XXXX. - Clayton Conclusion Comments: Disclosure provided to cure. |
CRDPMR1799: Potential Misrepresentation: Potential misrepresentation of occupancy - Initial Clayton Comments: 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 XXXX. - Clayton Conclusion Comments: An exception approval is in the file |
CFCFS2860: Good credit history - Clayton Comments: Borrower has XXXX months. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers XXXX months mortgage payment history XXXX CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 45%; guidelines allow 75%. |
XXXXXX | XXXXXX | XXXXXX | 45.00 | 45.00 | XXXXXX | Cashout Refi | 728 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 28.14 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 310 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: The loan contains an exception because the primary and subject are owned free and clear. Approved with 65% LTV. - Clayton Conclusion Comments: The loan contains an exception in file |
CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX - housing history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Cashout Refi | 763 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 311 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Provide missing Affiliate Business Disclosure - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves are $XXXX. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been self-employed operating the same business for XXXX years. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 647 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 43.84 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 312 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | B | A | A | C | B | A | A | C | B | A | A | C | B | A | A | (No Data) | (No Data) | (No Data) | PRVAAPPR2502: Appraisal: Appraiser is currently on an exclusionary list - Initial Clayton Comments: Appraisal Review Exclusionary List - Clayton Conclusion Comments: Appraisal reviewed and approved by XXXX and in file. PRVAPROP177: Property: Property Issues Indicated - Initial Clayton Comments: None of the comparables used in the appraisal report were listed with the MLS. - Clayton Conclusion Comments: An exception was approved for the guideline deviation. |
CFCFS1744: DTI below guideline requirement - Clayton Comments: 36.48% DTI CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 802 score CFCFS1737: LTV below guideline requirements - Clayton Comments: 55.80% LTV CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 55.80 | 55.80 | XXXXXX | Rate and Term Refi | 802 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 36.48 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 313 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDINC3204: Income/Employment: Income Documentation Missing - Initial Clayton Comments: Missing a copy of the lease agreement for the subject property - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 664 is 44 points above the 620 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: verified cash reserves PITIA reserves min by XXXX months |
XXXXXX | XXXXXX | XXXXXX | 69.23 | 69.23 | XXXXXX | Rate and Term Refi | 664 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 314 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: The loan contains an exception for the unit size of XXXX sq feet. - Clayton Conclusion Comments: The loan contains an exception in file |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: DSCR above minimum by .61 |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Purchase | 725 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 315 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 788 fico |
XXXXXX | XXXXXX | XXXXXX | 73.32 | 73.32 | XXXXXX | Rate and Term Refi | 788 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 316 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: 15% LTV is below program max of 60% CFCFS1744: DTI below guideline requirement - Clayton Comments: 33.28% DTI is below program max of 45%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 763 FICO exceeds program min by >20 points |
XXXXXX | XXXXXX | XXXXXX | 15.00 | 15.00 | XXXXXX | Cashout Refi | 763 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 31.53 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 317 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 784 FICO CFCFS1737: LTV below guideline requirements - Clayton Comments: 45.95% LTV CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 45.95 | 45.95 | XXXXXX | Purchase | 784 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 318 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 730 qualifying score is 10+ points > 700 requirement. CFCFS1737: LTV below guideline requirements - Clayton Comments: 60% LTV is low. |
XXXXXX | XXXXXX | XXXXXX | 60.00 | 60.00 | XXXXXX | Cashout Refi | 730 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 319 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: A third party appraisal review product for the subject is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure. - Related Compensating Factors: - Credit score exceeds guidelines - 710 qualifying score is 10+ points > 620 requirement. - Positive mortgage payment history - Borrower has positive mortgage payment history reported on credit report 0x30/ 0x60/ 0x90. CRDLGL100: Legal Documents: Legal document incorrect or incomplete - Initial Clayton Comments: The EIN# for the entity being vested in the subject property is missing from the loan file. - Client/Seller Response Comments: Company changed names which does not require a new EIN. - Clayton Conclusion Comments: Condition satisfied. - Related Compensating Factors: - Credit score exceeds guidelines - 710 qualifying score is 10+ points > 620 requirement. - Positive mortgage payment history - Borrower has positive mortgage payment history reported on credit report XXXX CRDAPP2418: Application: Ownership history inaccurate / incomplete - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Credit score exceeds guidelines - 710 qualifying score is 10+ points > 620 requirement. - Positive mortgage payment history - Borrower has positive mortgage payment history reported on credit report XXXX CRDTER4238: Terms/Guidelines: Business entity does not meet guidelines - Initial Clayton Comments: A Personal Guarantee is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure - Related Compensating Factors: - Credit score exceeds guidelines - 710 qualifying score is 10+ points > 620 requirement. - Positive mortgage payment history - Borrower has positive mortgage payment history reported on credit report XXXX CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: The Certificate of Good Standing for the entity being vested in the subject property is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Credit score exceeds guidelines - 710 qualifying score is 10+ points > 620 requirement. - Positive mortgage payment history - Borrower has positive mortgage payment history reported on credit report XXXX |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 710 qualifying score is 10+ points > 620 requirement. CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrower has positive mortgage payment history reported on credit report XXXX |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Rate and Term Refi | 710 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 320 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: Missing the XXXX Rate Lock Report in the file. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years XXXX months at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 699 is 59 points above the 640 required. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 699 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 321 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | (No Data) | (No Data) | CRDAPP5430: Application: FNMA Application Form is Outdated - Initial Clayton Comments: The 1003 is missing from the file. - Clayton Conclusion Comments: Document provided to cure. CRDINC888: Income/Employment: Income Amount is Unsupported by Documentation in File - Initial Clayton Comments: All income docs are missing from the file. - Clayton Conclusion Comments: The document provided is the complete credit package however page 141-177 are blank which appears to be theXXXX for the income. CMPATRQM3220: Ability to Repay/Qualified Mortgage: 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. - Clayton Conclusion Comments: Invalid exception CRDCRMH189: Credit/Mtg History: Missing credit report - Initial Clayton Comments: Credit report is missing from the file. - Clayton Conclusion Comments: Document provided to cure. CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: The file is missing payoff to XXXX in the amount of $XXXX. The file is also missing the pay history for the subject. - Clayton Conclusion Comments: Document provided to cure. CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: The file is missing the amortization schedule and the occupancy cert. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 709 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 44.06 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 322 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: The Prepayment Penalty of XXXX years at XXXX% for year XXXX of amount prepaid is not one of the XXXX prepayment structure options available. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 787. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 64.27% < GL 80% CFCFS1736: Significant time at current residence - Clayton Comments: XXXX yrs |
XXXXXX | XXXXXX | XXXXXX | 64.27 | 64.27 | XXXXXX | Purchase | 787 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 323 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: Missing Warranty Deed. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 730 credit score exceeds minimum required CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided at the same residence for the past 5 years CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for past XXXX years |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 730 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 26.12 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 324 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | B | A | D | A | D | A | A | A | B | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Corrected data input cancels exception. - Clayton Conclusion Comments: Corrected data input cancels exception. CRDTER2548: Terms/Guidelines: Missing AUS or AUS errors present - Initial Clayton Comments: Missing the AUS in file for the Lender Program Prime Connect - XXXX. - Clayton Conclusion Comments: Document provided to cure |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 776 score CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 31.04%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years XXXX month at current job. |
XXXXXX | XXXXXX | XXXXXX | 31.04 | 31.04 | XXXXXX | Rate and Term Refi | 776 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 42.62 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 325 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDCRMH193: Credit/Mtg History: Length of mortgage/rental history in file does not meet guideline requirement - Initial Clayton Comments: An exception approval is in the file for the free and clear Primary Residence with past due tax balance. XXXX has paid XXXX taxes, but the past due amount is from when his XXXX owned the property before they transferred title to XXXX after both XXXX in XXXX. The borrower is working on a payment arrangement for the past due taxes. - Clayton Conclusion Comments: An exception approval is in the file |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 708 is 68 points above the 640 required. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 708 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 326 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been on job for the past XXXX years and XXXX months CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided at the same residence for the past XXXX years CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: 786 credit score exceeds minimum required |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 786 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 47.51 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 327 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDAPP155: Application: Application Missing - Initial Clayton Comments: The Co-borrower's application is missing from the loan file. - Clayton Conclusion Comments: 1003 provided to cure. - Related Compensating Factors: - Minimal use of credit - Borrowers have low credit utilization of XXXX%. - Credit score exceeds guidelines - 802 qualifying score is 20+ points > 680 requirement. CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Appraisal provided. Used the lower amount to qualify. |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrowers have low credit utilization of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 802 qualifying score is 20+ points > 680 requirement. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 802 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 328 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS2860: Good credit history - Clayton Comments: max delinq XXXX with no other derog or delinq accts CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Cash Reserves $XXXX piti with 6 months required |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 706 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 329 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | A | B | A | A | A | A | A | B | A | B | A | A | A | A | A | (No Data) | (No Data) | CRDTER2850: Terms/Guidelines: ARM terms do not meet guidelines - Initial Clayton Comments: Invalid. - Clayton Conclusion Comments: Invalid |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 788 score CFCFS1744: DTI below guideline requirement - Clayton Comments: 21.08% DTI CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 733 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 21.08 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 330 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Documentation provided to cure. CRDLGL100: Legal Documents: Legal document incorrect or incomplete - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 74.53 | 74.53 | XXXXXX | Purchase | 706 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 331 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDINSR5352: Insurance: Flood Effective date is greater than the transaction date - Initial Clayton Comments: Per CD loan closed/ funded XXXX; flood policy effective date is XXXX which is after the disbursement date of the loan. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 747 score CFCFS1737: LTV below guideline requirements - Clayton Comments: 80% LTV CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 747 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 41.70 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 332 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDINSR289: Insurance: Insufficient Hazard Insurance Coverage - Initial Clayton Comments: No evidence of full replacement noted on policy and no Replacement cost estimator provided to support coverage. - Clayton Conclusion Comments: Documentation provided to cure. CRDCRMH149: Credit/Mtg History: Missing support docs for VOM/VOR (e.g. cancelled checks) - Initial Clayton Comments: 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. - Clayton Conclusion Comments: A pre-approval was provided for the housing history. |
CRDINC150: Income/Employment: Income docs do not meet guidelines - Initial Clayton Comments: An exception approval is in the file to use notes receivable income, while only being able to show receipt of $XXXX payment which will be received mid XXXX of this year, 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. - Clayton Conclusion Comments: Exception granted is note on Lock Report. |
CFCFS1744: DTI below guideline requirement - Clayton Comments: 22.33% DTI CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 679 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 22.33 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 333 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | A | B | A | A | A | A | A | B | A | B | A | A | A | A | A | (No Data) | (No Data) | CRDTER2850: Terms/Guidelines: ARM terms do not meet guidelines - Initial Clayton Comments: Invalid. - Clayton Conclusion Comments: Invalid. |
(No Data) | CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 777 > GL 660 |
XXXXXX | XXXXXX | XXXXXX | 67.25 | 67.25 | XXXXXX | Cashout Refi | 777 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 334 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 729 is 69 points above the 660 required. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years XXXX months at current job. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. |
XXXXXX | XXXXXX | XXXXXX | 72.30 | 72.30 | XXXXXX | Rate and Term Refi | 729 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 46.90 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 335 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 777 score CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 777 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 336 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDTER2548: Terms/Guidelines: Missing AUS or AUS errors present - Initial Clayton Comments: The 1008 is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX verified cash reserves exceed minimum required CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession for the past XXXX years and XXXX months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 729 credit score exceeds minimum required |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 729 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 29.71 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 337 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 745 fico CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 745 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 16.68 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 338 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDCRMH149: Credit/Mtg History: Missing support docs for VOM/VOR (e.g. cancelled checks) - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Document provided to cure CRDLGL100: Legal Documents: Legal document incorrect or incomplete - Initial Clayton Comments: 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. - Clayton Conclusion Comments: XXXX approved the PPP structure. |
CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: 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. - Clayton Conclusion Comments: XXXX reviewed and approved. - Related Compensating Factors: - LTV below guideline requirements - 65% LTV CRDTER4643: Terms/Guidelines: Borrower does not meet guideline requirements - Initial Clayton Comments: Per guidelines the minimum FICO requirement for a FTHB/ FTI is 700. Borrowers FICO is 665. - Clayton Conclusion Comments: Exception for FTHB/ FTI with a credit score < 700 approved by XXXX and in file. |
CFCFS1737: LTV below guideline requirements - Clayton Comments: 65% LTV |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Purchase | 665 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 339 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | (No Data) | (No Data) | CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: The loan file does not contain the business purpose cert. - Clayton Conclusion Comments: Document provided to cure |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 676 fico |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 676 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 340 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 763 score CFCFS1744: DTI below guideline requirement - Clayton Comments: 37.06% DTI CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 763 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 37.06 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 341 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: XXXX CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 44.61%. |
XXXXXX | XXXXXX | XXXXXX | 44.61 | 44.61 | XXXXXX | Cashout Refi | 688 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 342 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDTIL875: Title: Title Does Not Agree With Mortgage - Initial Clayton Comments: Title commitment effective XXXXreflects vesting as "XXXX". Deed of Trust dated XXXXlists the borrower as "XXXX". A Grant Deed was executed XXXXgranting property FROM "XXXX" TO "XXXX". It would appear a Grant Deed is missing transferring the property from XXXX and his XXXX TO XXXX as an individual completed between XXXX and XXXX - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years self-employed in current business. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXX+ months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 787. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 787 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 45.40 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 343 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | A | A | B | B | A | A | B | B | A | A | B | B | A | A | (No Data) | (No Data) | (No Data) | PRVAPROP241: Property: Property Type unacceptable under guidelines - Initial Clayton Comments: Exception approved for attached ADU having less than XXXX square feet (XXXX sq ft) - Satisfied. - Clayton Conclusion Comments: Exception approved for attached ADU having less than XXXX square feet (XXXX sq ft) - Satisfied. |
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXX months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 764. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 38.74%. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 764 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 38.74 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 344 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 69.93 | 69.93 | XXXXXX | Cashout Refi | 673 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 345 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | A | A | A | A | A | B | A | B | A | A | A | A | A | B | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Required Affiliate Business Disclosure missing from doc file. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 778 Fico score exceeds the minimum Fico score by more than 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves |
XXXXXX | XXXXXX | XXXXXX | 78.93 | 78.93 | XXXXXX | Purchase | 778 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 54.39 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 346 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDLGL100: Legal Documents: Legal document incorrect or incomplete - Initial Clayton Comments: Missing page 1 of the Amortization Schedule in the file. - Clayton Conclusion Comments: Document provided to cure |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 752. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower is XXXXfor the mortgage reporting on the credit report. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 752 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 347 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | (No Data) | (No Data) | CMPTRID3676: TILA/RESPA Integrated Disclosure: 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. - Initial Clayton Comments: Updated data points. Exception fired in error. - Clayton Conclusion Comments: Exception fired in error. CMPFDHP2950: Federal Higher-Priced: Federal Higher-priced mortgage loan - No evidence that lender attempted to comply with appraisal Safe Harbor standards - Clayton Conclusion Comments: Invalid exception |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 791. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves CFCFS2860: Good credit history - Clayton Comments: XXXX- housing history |
XXXXXX | XXXXXX | XXXXXX | 85.00 | 85.00 | XXXXXX | Purchase | 791 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 36.51 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 348 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDLGL100: Legal Documents: Legal document incorrect or incomplete - Initial Clayton Comments: The Rate Lock Report shows the interest rate of XXXX%; however, the Note shows an interest rate of XXXX%. - Clayton Conclusion Comments: no exception required |
(No Data) | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrowers XXXX months mortgage payment history 0x30. CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has XXXX for XXXX months. CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ XXXX% |
XXXXXX | XXXXXX | XXXXXX | 74.86 | 74.86 | XXXXXX | Purchase | 764 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 349 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDTER2548: Terms/Guidelines: Missing AUS or AUS errors present - Initial Clayton Comments: Missing AUS from the loan file - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX verified cash reserves exceed minimum required CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided at current residence for the past XXXX years CFCFS2854: Significant time in profession - Clayton Comments: Co Borrower has been in the same profession for the past XXXX years |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 651 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 12.80 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 350 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | C | A | D | A | D | A | A | A | C | A | (No Data) | (No Data) | CMPATRQM2900: Ability to Repay/Qualified Mortgage: 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. - Initial Clayton Comments: Missing Assets documents to complete - Clayton Conclusion Comments: Documents provided to cure CRDTER2548: Terms/Guidelines: Missing AUS or AUS errors present - Initial Clayton Comments: Missing AUS from the loan file as required for Flex Connect program. - Clayton Conclusion Comments: Documentation provided to cure. |
CMPATRQM2906: Ability to Repay/Qualified Mortgage: 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 - Initial Clayton Comments: Missing asset documents to complete - Clayton Conclusion Comments: Documents provided to cure |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX exceed guidelines CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 789 credit score exceeds minimum required |
XXXXXX | XXXXXX | XXXXXX | 66.88 | 66.88 | XXXXXX | Rate and Term Refi | 789 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 41.99 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 351 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of XXXX%. CFCFS1744: DTI below guideline requirement - Clayton Comments: DSCR of 1.22 is .22 above the 1.00 minimum DSCR required. |
XXXXXX | XXXXXX | XXXXXX | 85.00 | 85.00 | XXXXXX | Purchase | 748 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 352 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: The 1008 and/or Approval is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Positive mortgage payment history - Borrower has positive mortgage payment history reported on credit report XXXX - LTV below guideline requirements - 54.17% LTV is low. |
CRDCRMH149: Credit/Mtg History: Missing support docs for VOM/VOR (e.g. cancelled checks) - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Exception for the guideline deviation approved by XXXX and in file - Related Compensating Factors: - Positive mortgage payment history - Borrower has positive mortgage payment history reported on credit report XXXX - LTV below guideline requirements - 54.17% LTV is low. |
CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrower has positive mortgage payment history reported on credit report XXXX CFCFS1737: LTV below guideline requirements - Clayton Comments: 54.17% LTV is low. |
XXXXXX | XXXXXX | XXXXXX | 66.48 | 66.48 | XXXXXX | Cashout Refi | 708 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 353 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: The Appraiser used Comp #3 which is XXXX miles away from the subject property. - Clayton Conclusion Comments: XXXX reviewed and accepts the appraisal - Related Compensating Factors: - Credit score exceeds guidelines - 752 qualifying score is 10+ points > 660 requirement. - DTI below guideline requirement - 31.70% DTI is low. CRDTER4643: Terms/Guidelines: Borrower does not meet guideline requirements - Initial Clayton Comments: 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. - Clayton Conclusion Comments: 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. - Related Compensating Factors: - Credit score exceeds guidelines - 752 qualifying score is 10+ points > 660 requirement. - DTI below guideline requirement - 31.70% DTI is low. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 752 qualifying score is 10+ points > 660 requirement. CFCFS1744: DTI below guideline requirement - Clayton Comments: 31.70% DTI is low. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 752 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 31.70 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 354 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDINC150: Income/Employment: Income docs do not meet guidelines - Initial Clayton Comments: An exception approval is in the file to allow the use of Inherited IRA account for asset depletion income calculation at 100%. - Clayton Conclusion Comments: An exception approval is in the file |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 773. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of XXXX%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years XXXX months at current residence. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 773 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 46.43 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 355 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years XXXX months at current job. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 731 score |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 731 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 46.78 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 356 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: The Fraud data tool check is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - Credit score exceeds guidelines - 808 qualifying score is 10+ points > 700 requirement. |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 808 qualifying score is 10+ points > 700 requirement. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 808 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 357 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 785 fico CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves. |
XXXXXX | XXXXXX | XXXXXX | 68.42 | 68.42 | XXXXXX | Purchase | 785 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 358 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrower has positive mortgage payment history reported on credit report XXXX CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 766 qualifying score is 20+ points > 700 requirement. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 766 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 359 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 803. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 55.56%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months ITIA. |
XXXXXX | XXXXXX | XXXXXX | 55.56 | 55.56 | XXXXXX | Cashout Refi | 803 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 360 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | C | A | N/A | N/A | D | A | D | A | C | A | N/A | N/A | (No Data) | (No Data) | CRDLGL2420: Legal Documents: Missing HUD-1 (Final and Estimated) - Initial Clayton Comments: The loan file does not contain HUD/CD. - Clayton Conclusion Comments: Document provided to cure. CRDLGL191: Legal Documents: Missing Mortgage - Initial Clayton Comments: Missing Mortgage. - Clayton Conclusion Comments: Document provided to cure. PRVAAPPR233: Appraisal: Comps or Adjustments Not Appropriate - Initial Clayton Comments: Per online sources, comps XXXX & XXXX are XXXX and not XXXX as suggested on the appraisal. - Clayton Conclusion Comments: XXXX reviewed and accepts LOE from appraiser. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: XXXX - housing history. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 712 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 361 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDINSR289: Insurance: Insufficient Hazard Insurance Coverage - Initial Clayton Comments: The homeowners insurance dwelling coverage of $XXXXis less than the required coverage of $XXXX - Clayton Conclusion Comments: RCE provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 779 fico |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 779 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 22.55 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 362 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | A | B | A | A | A | A | A | B | A | B | A | A | A | A | A | (No Data) | (No Data) | CRDTER2850: Terms/Guidelines: ARM terms do not meet guidelines - Initial Clayton Comments: Invalid - Clayton Conclusion Comments: Invalid |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 3.41% is 46.59% less than the maximum allowed DTI of 50%. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 804 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 3.41 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 363 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: XXXX-housing history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Cashout Refi | 657 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 364 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDTER2548: Terms/Guidelines: Missing AUS or AUS errors present - Initial Clayton Comments: Lock Report reflect Flex guidelines were utilized, however an AUS was not provided in the loan file. - Clayton Conclusion Comments: AUS provided to cure. CRDAST3078: Assets: Insufficient # of months cash reserves for PITI per guideline requirements - Initial Clayton Comments: Missing the AUS in the file for this Flex loan to verify the amount of reserves required. - Clayton Conclusion Comments: AUS provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 739 score CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 59.79% is 15.21% below the 75% LTV allowed. |
XXXXXX | XXXXXX | XXXXXX | 59.79 | 59.79 | XXXXXX | Cashout Refi | 739 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 47.52 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 365 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | B | B | B | B | A | A | B | B | B | B | B | B | A | A | (No Data) | (No Data) | CMPTRID5293: TILA/RESPA Integrated Disclosure: TRID Not all required seller-paid fees were disclosed on the CD - Initial Clayton Comments: 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. - Clayton Conclusion Comments: This exception is informational per Clayton Compliance department and TRID 2.0 revisions.Exception satisfied. Final Grade A. |
CRDCRMH149: Credit/Mtg History: Missing support docs for VOM/VOR (e.g. cancelled checks) - Initial Clayton Comments: 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. - Clayton Conclusion Comments: An exception approval is in the file. PRVAAPPR2502: Appraisal: Appraiser is currently on an exclusionary list - Initial Clayton Comments: An exception approval is in the file for Appraisal Review - Exclusionary List. - Clayton Conclusion Comments: Exception granted is in file. |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 756 score. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 756 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 41.16 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 366 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX months CFCFS1736: Significant time at current residence - Clayton Comments: XXXX yrs |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Cashout Refi | 784 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 367 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has XXXX years XXXX months at current job. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 706 is 46 points above the 660 required. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 706 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 45.39 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 368 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 768. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of XXXX%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 768 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 369 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 723 is 63 points above the 660 required. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 723 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 370 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | B | B | D | B | D | A | A | A | B | B | (No Data) | (No Data) | CMPROR1909: Right of Rescission: Incorrect ROR Form Used - H8 Form Used in XXXX With Original Creditor - Initial Clayton Comments: Regulation Z designates the H9 rescission form as the form designed for same lender refinance 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 refinance; 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. - Clayton Conclusion Comments: 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. CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: An Internet search of the borrower's business is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 792 qualifying score is 20+ points > 660 requirement. CFCFS1744: DTI below guideline requirement - Clayton Comments: 18.44% DTI is low. |
XXXXXX | XXXXXX | XXXXXX | 79.19 | 79.19 | XXXXXX | Rate and Term Refi | 792 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 18.44 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 371 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDTER3262: Terms/Guidelines: Property issues indicated - Initial Clayton Comments: Minimum square footage required is 500 sq ft. per unit. Unit XXXX is XXXX sq ft. and Unit XXXX is XXXX sq ft. - Clayton Conclusion Comments: An exception was approved for the guideline deviation. |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 742 score CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1744: DTI below guideline requirement - Clayton Comments: DSCR of 1.33 is .33 greater than the minimum DSCR allowed of 1.00. |
XXXXXX | XXXXXX | XXXXXX | 66.26 | 66.26 | XXXXXX | Cashout Refi | 742 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 372 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has over XXXX months of Reserves. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 624 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 373 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: The loan contains an exception because the subject is located in XXXX - Clayton Conclusion Comments: The loan contains an exception |
CFCFS1744: DTI below guideline requirement - Clayton Comments: The DTI of 5.17% is less than the Max CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 701 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 5.17 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 374 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | B | C | B | B | B | N/A | N/A | C | B | C | B | B | B | N/A | N/A | (No Data) | (No Data) | CRDTER4238: Terms/Guidelines: Business entity does not meet guidelines - Initial Clayton Comments: Missing the Articles of Organization, Operating Agreement and Certificate of Good Standing for "XXXX".XXXX is the member of XXXX. - Clayton Conclusion Comments: Documentation provided to cure. |
PRVAPROP241: Property: Property Type unacceptable under guidelines - Initial Clayton Comments: Exception approval in the file for each unit having less than XXXX square feet. Each unit is XXXX sq ft - Satisfied. - Clayton Conclusion Comments: Exception approved for each unit having less than XXXX square feet. Each unit is XXXX sq ft - Satisfied. CRDTER4643: Terms/Guidelines: Borrower does not meet guideline requirements - Initial Clayton Comments: Missing motivation letter for XXXX purchasing property out of state from primary residence. Also missing explanation how borrower found property as it was not listed on the MLS. - Clayton Conclusion Comments: An exception was approved with comp factors. |
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXXmonths. CFCFS1744: DTI below guideline requirement - Clayton Comments: DSCR is 1.264. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 781. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 781 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 375 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDINC150: Income/Employment: Income docs do not meet guidelines - Initial Clayton Comments: The CPA letter does not state justification for using XXXX% expense ratio as required per guidelines. - Clayton Conclusion Comments: Loan was underwritten to XXXX guidelines per the lender. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 738 fico CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years at current job. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 738 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 43.81 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 376 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA vs XXXX months reserves required. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 797 qualifying score is 20+ points > 660 requirement. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 797 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 48.35 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 377 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: 70% LTV CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 690 FICO CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Purchase | 690 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 378 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | B | A | B | B | B | B | A | A | B | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Missing Affiliate Business Disclosure or FACTS. - Clayton Conclusion Comments: LOE provided to cure |
CRDTER4643: Terms/Guidelines: Borrower does not meet guideline requirements - Initial Clayton Comments: Exception approved for borrower to retain departure residence as investment property with no other investment properties. - Clayton Conclusion Comments: Exception approved for borrower to retain departure residence as investment property with no other investment properties - Satisfied. |
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXX months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 753. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 32.60%. CFCFS3824: Borrower contributed an additional down payment - Clayton Comments: Borrower contributed an additional XXXX% down payment. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 753 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 32.60 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 379 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | (No Data) | (No Data) | CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: A copy of the property tax certificate is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 761 FICO |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 761 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 380 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 775 FICO score exceeds the minimum FICO score by more than 20 points. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 775 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 45.04 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 381 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDINC150: Income/Employment: Income docs do not meet guidelines - Initial Clayton Comments: 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. - Clayton Conclusion Comments: An exception approval is in the loan file. |
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 35.74% is 14.26% less than the maximum allowed DTI of 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrowers Fico of 789 is 129 points greater than the minimum required Fico of 660. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 63.82 | 63.82 | XXXXXX | Purchase | 789 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 35.74 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 382 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 675 > GL 620 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves $XXXX months piti > GL XXXX months piti |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Rate and Term Refi | 675 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 383 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Document provided to cure. - Related Compensating Factors: - DTI below guideline requirement - 7.84% DTI is low. - Credit score exceeds guidelines - 752 qualifying score is 20+ points > 660 requirement. |
CRDCRMH149: Credit/Mtg History: Missing support docs for VOM/VOR (e.g. cancelled checks) - Initial Clayton Comments: 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. - Clayton Conclusion Comments: An exception approval is in the loan file. CRDCRMH118: Credit/Mtg History: Mortgage/rental lates exceed guidelines - Initial Clayton Comments: An exception approval is in the file for the Past Due Balloon mortgage being paid off - maturity date XXXX. Payoff good through XXXX on the payoff statement. - Clayton Conclusion Comments: An exception approval is in the loan file. |
CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years XXXX months at current job. CFCFS1744: DTI below guideline requirement - Clayton Comments: 7.84% DTI is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 752 qualifying score is 20+ points > 660 requirement. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Rate and Term Refi | 752 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 7.84 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 384 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | (No Data) | (No Data) | CRDDTI187: DTI: Debt Ratio > 50% - Initial Clayton Comments: According to the underwriting guidelines, the maximum DTI allowed is XXXX%. 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. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Credit score exceeds guidelines - 710 qualifying score is 10+ points > 680 requirement. - Verified cash reserves exceed guidelines - Borrowers have over XXXX months of Reserves. |
CRDTER4643: Terms/Guidelines: Borrower does not meet guideline requirements - Initial Clayton Comments: 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. - Clayton Conclusion Comments: An Exception Approval was placed in the loan file - Related Compensating Factors: - Credit score exceeds guidelines - 710 qualifying score is 10+ points > 680 requirement. - Verified cash reserves exceed guidelines - Borrowers have over XXXX months of Reserves. |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 710 qualifying score is 10+ points > 680 requirement. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrowers have over XXXX months of Reserves. |
XXXXXX | XXXXXX | XXXXXX | 85.00 | 85.00 | XXXXXX | Purchase | 710 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 47.63 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 385 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 789 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 43.22 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 386 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 800. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of XXXX%. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 800 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 387 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has owned primary residence for XXXX years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Fico score of 657 exceeds guidelines 620 |
XXXXXX | XXXXXX | XXXXXX | 61.52 | 61.52 | XXXXXX | Cashout Refi | 657 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 388 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDLTV3026: LTV/CLTV: LTV Exceeds Guideline Requirement by at least 5%, but less than 10% - Initial Clayton Comments: 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%. - Clayton Conclusion Comments: An exception was approved for the guideline deviation. - Related Compensating Factors: - DTI below guideline requirement - 39.54% DTI is low. - Minimal use of credit - Borrower has low credit utilization of XXXX%. |
CFCFS1744: DTI below guideline requirement - Clayton Comments: 39.54% DTI is low. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of XXXX%. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 803 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 39.54 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 389 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | D | A | A | A | D | A | D | A | D | A | A | A | (No Data) | (No Data) | CRDINC3204: Income/Employment: Income Documentation Missing - Initial Clayton Comments: Missing documentation to support the Rental income amount for the property at XXXX - Clayton Conclusion Comments: Documentation provided to cure. CRDTER2548: Terms/Guidelines: Missing AUS or AUS errors present - Initial Clayton Comments: A 1008 was not provided in the loan file. - Clayton Conclusion Comments: Documentation provided to cure. PRVAAPPR3116: Appraisal: Missing updated valuation - Initial Clayton Comments: Missing the Third Party Valuation Product in the file. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 762. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Cashout Refi | 762 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 47.03 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 390 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | (No Data) | (No Data) | CMPDOC191: Documentation: Missing Mortgage - Initial Clayton Comments: The Mortgage/ Deed of Trust is missing from the loan file. - Clayton Conclusion Comments: Mortgage doc provided to cure. |
(No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: DSCR is 1.63% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 47.17%, below guideline of 80%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXXmonths. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves are $XXXX CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 730. |
XXXXXX | XXXXXX | XXXXXX | 47.17 | 47.17 | XXXXXX | Purchase | 730 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 391 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDINSR2400: Insurance: Missing Flood Certification Document - Initial Clayton Comments: Flood Cert was not provided in the loan file. - Clayton Conclusion Comments: Flood Cert provided for cure |
CRDTER3262: Terms/Guidelines: Property issues indicated - Initial Clayton Comments: XXXX, non-warrantable, unit owners allowed to combine XXXX unit into XXXX without an amendment. An exception approval is in the file. - Clayton Conclusion Comments: Exception granted dated XXXX is in file. |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 766 score CFCFS1744: DTI below guideline requirement - Clayton Comments: 37.90% DTI CFCFS1737: LTV below guideline requirements - Clayton Comments: 69.98% LTV CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 69.98 | 69.98 | XXXXXX | Purchase | 766 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 37.90 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 392 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves CFCFS2860: Good credit history - Clayton Comments: XXXX - housing history |
XXXXXX | XXXXXX | XXXXXX | 69.08 | 69.08 | XXXXXX | Cashout Refi | 743 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 393 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 47.62%. CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX - housing history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves |
XXXXXX | XXXXXX | XXXXXX | 47.62 | 47.62 | XXXXXX | Cashout Refi | 681 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 394 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: Missing Warranty Deed conveying property to XXXX - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 791. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves are XXXX |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 791 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 14.11 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 395 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDCRMH193: Credit/Mtg History: Length of mortgage/rental history in file does not meet guideline requirement - Initial Clayton Comments: Borrower is a XXXX living rent free. - Clayton Conclusion Comments: Exception for borrowing being a XXXX living rent free approved by XXXX and in file. - Related Compensating Factors: - Verified cash reserves exceed guidelines - XXXX months of reserves - LTV below guideline requirements - 70% LTV |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves CFCFS1737: LTV below guideline requirements - Clayton Comments: 70% LTV |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Purchase | 706 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 396 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | A | A | A | A | A | B | A | B | A | A | A | A | A | B | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Required Affiliate Business Disclosure missing from doc file/ - Clayton Conclusion Comments: Invalid exception cleared |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 784 score CFCFS1744: DTI below guideline requirement - Clayton Comments: 32.77% DTI CFCFS1737: LTV below guideline requirements - Clayton Comments: 15.95% LTV |
XXXXXX | XXXXXX | XXXXXX | 15.95 | 15.95 | XXXXXX | Cashout Refi | 784 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 32.77 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 397 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 785. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXX+ months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves are $XXXX CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 56.87%, below guideline maximum of 80%. |
XXXXXX | XXXXXX | XXXXXX | 56.87 | 56.87 | XXXXXX | Purchase | 785 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 398 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | (No Data) | (No Data) | CMPTRID3494: TILA/RESPA Integrated Disclosure: TRID - Loan Estimate Missing - Initial Clayton Comments: Loan estimate missing from file - Clayton Conclusion Comments: Document provided to cure |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of XXXX%. CFCFS1744: DTI below guideline requirement - Clayton Comments: 14.78% DTI |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Cashout Refi | 688 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 14.78 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 399 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX - housing history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 774. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 774 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 39.58 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 400 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: The Warranty Deed is missing from the loan file. The previous had the borrowers XXXX and did not include the current co-borrower. - Clayton Conclusion Comments: Document provided to cure - Related Compensating Factors: - DTI below guideline requirement - LTV below guideline requirements - 66.99% LTV is low. |
(No Data) | CFCFS1744: DTI below guideline requirement CFCFS1737: LTV below guideline requirements - Clayton Comments: 66.99% LTV is low. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 796. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. |
XXXXXX | XXXXXX | XXXXXX | 66.99 | 66.99 | XXXXXX | Rate and Term Refi | 796 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 38.83 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 401 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDTER2548: Terms/Guidelines: Missing AUS or AUS errors present - Initial Clayton Comments: According to the Lock Report, the loan approved with XXXX - XXXX guidelines, however; an AUS was not provided in the loan file. - Clayton Conclusion Comments: Document provided to cure |
CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: According to the guidelines, non-arms length transactions are ineligible for XXXX Properties. - Clayton Conclusion Comments: An exception was approved for the guideline deviation. |
CFCFS1737: LTV below guideline requirements - Clayton Comments: 37.84% LTV CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 803 score CFCFS1744: DTI below guideline requirement - Clayton Comments: 36.72% DTI CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 37.84 | 37.84 | XXXXXX | Purchase | 803 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 35.46 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 402 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 724 FICO exceeds program min by > 20 points CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 724 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 403 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: 33.52% DTI is below program max of 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 790 FICO exceeds program min by > 20 points CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. |
XXXXXX | XXXXXX | XXXXXX | 71.93 | 71.93 | XXXXXX | Purchase | 790 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 33.52 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 404 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | B | C | B | A | A | N/A | N/A | C | B | C | B | A | A | N/A | N/A | (No Data) | (No Data) | CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: The loan file does not contain the borrower's ID. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 804 fico |
XXXXXX | XXXXXX | XXXXXX | 69.14 | 69.14 | XXXXXX | Purchase | 804 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 405 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDCRMH193: Credit/Mtg History: Length of mortgage/rental history in file does not meet guideline requirement - Initial Clayton Comments: Borrower lives rent free and has no housing history per guideline requirement. Lender approval is on file. - Clayton Conclusion Comments: Lender approval is on file. - Related Compensating Factors: - Verified cash reserves exceed guidelines - XXXX months reserves. - Credit score exceeds guidelines - 798 FICO exceeds program min by > 20 points. - Minimal use of credit - Borrower has XXXX% revolving credit utilization. |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 798 FICO exceeds program min by > 20 points. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. |
XXXXXX | XXXXXX | XXXXXX | 48.75 | 48.75 | XXXXXX | Rate and Term Refi | 798 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 406 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDDTI2540: DTI: Missing verification of some or all components of non-subject PITI - Initial Clayton Comments: The file is missing XXXX month housing history and payment history for the primary residence. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 781 Fico score exceeds the minimum Fico score by more than 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 781 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 407 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Document provided to cure. - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - Credit score exceeds guidelines - 760 qualifying score is 20+ points > 660 requirement. |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 760 qualifying score is 20+ points > 660 requirement. |
XXXXXX | XXXXXX | XXXXXX | 75.92 | 75.92 | XXXXXX | Rate and Term Refi | 760 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 49.66 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 408 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | A | A | B | B | N/A | N/A | B | B | A | A | B | B | N/A | N/A | (No Data) | (No Data) | (No Data) | PRVAPROP177: Property: Property Issues Indicated - Initial Clayton Comments: Subject property is located in a XXXX area but zoned XXXXl. - Clayton Conclusion Comments: Exception for a XXXX property approved by XXXX and in file. - Related Compensating Factors: - Verified cash reserves exceed guidelines - XXXX months of reserves - Credit score exceeds guidelines - 742 fico |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 742 fico |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 742 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 409 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 719 is 59 points above the 660 required. CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI (Back) of 43.82% is 6.18% below the 50% allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 78.48 | 78.48 | XXXXXX | Rate and Term Refi | 719 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 43.82 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 410 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDLTV3026: LTV/CLTV: LTV Exceeds Guideline Requirement by at least 5%, but less than 10% - Initial Clayton Comments: The borrower is a XXXX guideline max LTV is 75%, in this case the loan closed at 80% LTV. - Clayton Conclusion Comments: Exception for being above the max LTV for a XXXX approved by XXXX XXXX and in file. - Related Compensating Factors: - Verified cash reserves exceed guidelines - XXXX months reserves - Credit score exceeds guidelines - 728 FICO |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 728 FICO |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 728 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 411 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | A | A | A | A | C | A | C | A | A | A | A | A | C | A | (No Data) | (No Data) | CMPTRID3626: TILA/RESPA Integrated Disclosure: TRID - CD: Loan consummated before end of waiting period - Initial Clayton Comments: Please provide evidence that borrower acknowledged receipt of the, final LE dated XXXX and the initial CD dated XXX, 3 business days prior to consummation date of XXXX - Clayton Conclusion Comments: Documents provided to cure |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 703 score CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of XXXX%. CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrower is XXXX for the mortgage reporting on the credit report. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 703 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 44.72 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 412 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | A | B | A | A | A | A | A | B | A | B | A | A | A | A | A | (No Data) | (No Data) | CRDTER2850: Terms/Guidelines: ARM terms do not meet guidelines - Initial Clayton Comments: Invalid. - Clayton Conclusion Comments: Invalid. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 740 FICO exceeds program min by > 20 points. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has 25.27% revolving credit utilization. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. |
XXXXXX | XXXXXX | XXXXXX | 60.00 | 60.00 | XXXXXX | Cashout Refi | 740 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 48.09 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 413 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 746 score CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1744: DTI below guideline requirement - Clayton Comments: 35.84% DTI CFCFS1737: LTV below guideline requirements - Clayton Comments: 66.72% LTV |
XXXXXX | XXXXXX | XXXXXX | 66.72 | 66.72 | XXXXXX | Rate and Term Refi | 746 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 35.84 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 414 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | A | A | C | B | C | B | A | A | A | A | (No Data) | (No Data) | CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: Missing Warranty Deed. - Clayton Conclusion Comments: Documentation provided to cure. |
CRDTER4643: Terms/Guidelines: Borrower does not meet guideline requirements - Initial Clayton Comments: Missing pre-approval to retain departure residence as an XXXX property with no other XXXX properties owned. - Clayton Conclusion Comments: XXXX has elected to waive the departure residence with comp factors. |
CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXX+ months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves are $XXXX. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 5.39%. |
XXXXXX | XXXXXX | XXXXXX | 74.99 | 74.99 | XXXXXX | Purchase | 706 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 5.39 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 415 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | CMPTRID5293: TILA/RESPA Integrated Disclosure: TRID Not all required seller-paid fees were disclosed on the CD - Initial Clayton Comments: 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. - Clayton Conclusion Comments: This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception Satisfied. Final Grade A. |
(No Data) | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years and XXXX months at current job. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 789 FICO exceeds program min by > 20 points CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 789 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 48.72 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 416 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDCRMH1805: Credit/Mtg History: Debts/obligations not disclosed/accounted for at origination - Initial Clayton Comments: Missing documentation in the file to support why the XXXX debts were excluded from the DTI calculation. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 727 is 67 points above the 660 required. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years XXXX months at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Purchase | 727 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 46.01 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 417 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 740 fico CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. |
XXXXXX | XXXXXX | XXXXXX | 66.67 | 66.67 | XXXXXX | Purchase | 740 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 418 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 645 FICO exceeds program min of 620. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Cashout Refi | 645 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 419 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | C | B | A | A | D | A | D | B | C | B | A | A | D | A | (No Data) | (No Data) | CMPATRQM3220: Ability to Repay/Qualified Mortgage: 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. - Initial Clayton Comments: ATR/QM is pending the 6 month PITI reserve requirement being documented. - Client/Seller Response Comments: This is a XXXX not a XXXX file per guides it's XXXX months - Clayton Conclusion Comments: Cleared CMPTRID5293: TILA/RESPA Integrated Disclosure: TRID Not all required seller-paid fees were disclosed on the CD - Initial Clayton Comments: 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. - Clayton Conclusion Comments: This exception is informational per Clayton Compliance department and TRID 2.0 revisions. Exception satisfied. Final Grade A. |
CRDAST3078: Assets: Insufficient # of months cash reserves for PITI per guideline requirements - Initial Clayton Comments: Missing sufficient reserves to meet the XXXX month PITI reserve requirement for XXXX. Borrower has XXXX months post close. - Clayton Conclusion Comments: XXXX allowing the waiver with sufficient comp factors. CRDLTV3026: LTV/CLTV: LTV Exceeds Guideline Requirement by at least 5%, but less than 10% - Initial Clayton Comments: Exception approved for 80% LTV, 5% over max allowed of 75% due to subject being located in XXXX area. - Clayton Conclusion Comments: Exception approved for 80% LTV, 5% over max allowed of 75% due to subject being located in XXXX area - Satisfied. |
CFCFS1750: High potential for increased earnings - Clayton Comments: Residual monthly income of over $XXXX. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been self-employed attorney for XXXX years. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 719. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 719 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 43.32 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 420 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDAST2354: Assets: Asset Verification In File is Incomplete Per Requirements - Initial Clayton Comments: Verification of XXXX months reserves is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure. - Related Compensating Factors: - Credit score exceeds guidelines - Qualifying credit score 645 > GL 620 - Positive mortgage payment history - XXXX CRDLGL2420: Legal Documents: Missing HUD-1 (Final and Estimated) - Initial Clayton Comments: The final CD or HUD1 is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 645 > GL 620 CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX months |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Cashout Refi | 645 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 421 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: The DTI of 9.74% is less than the Max CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 736 is 76 points above the 660 required. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years XXXX months at current job. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 736 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 9.74 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 422 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 780 FICO exceeds program min by > 20 points CFCFS1744: DTI below guideline requirement - Clayton Comments: 27.37% DTI is below program max of 50%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 780 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 27.37 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 423 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | (No Data) | (No Data) | CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: Loan closed in the name of a corporation; the EIN for the business is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. |
CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: Per guidelines delinquent property taxes at application require pre-approval. - Clayton Conclusion Comments: The file contains an exception due to delinquent property taxes on the subject property. |
CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX - housing history CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves |
XXXXXX | XXXXXX | XXXXXX | 60.00 | 60.00 | XXXXXX | Cashout Refi | 688 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 424 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDAPP4625: Application: The orig file does not contain a third party fraud report - Initial Clayton Comments: Missing third party fraud report - Clayton Conclusion Comments: fraud report provided |
(No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided at the same residence for past XXXX years CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 759 credit score exceeds minimum required |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 759 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 425 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: Borrowers retaining their current residence as an XXXX without XXXX experience requires pre-approval. - Client/Seller Response Comments: File contains a lease agreement for the departing residence. - Clayton Conclusion Comments: Condition satisfied. - Related Compensating Factors: - Co-Borrower has significant time at current job - Co Borrower has been on same job for past XXXX years and 1 month - Significant time in profession - Borrower has been in same profession for past XXXX years and XXXX months - Significant time at current residence - Borrowers have resided at current residence for past XXXX years - Verified cash reserves exceed guidelines - XXXX verified reserves exceed minimum required |
(No Data) | CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co Borrower has been on same job for past XXXX years and XXXX month CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for past XXXX years and XXXX months CFCFS1736: Significant time at current residence - Clayton Comments: Borrowers have resided at current residence for past XXXX years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX verified reserves exceed minimum required |
XXXXXX | XXXXXX | XXXXXX | 79.97 | 79.97 | XXXXXX | Purchase | 764 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 49.93 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 426 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ XXXX% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%; guidelines allow 80% (due to 5% deduction for declining market) CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 796 mid score > min required of 620 |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Purchase | 796 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 427 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 688 FICO exceeds program min by > 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 688 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 428 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 747 FICO exceeds program min by > 20 points. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 747 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 429 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: 23.81% DTI is below program max of 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 808 FICO exceeds program min by > 20 points CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Purchase | 808 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 23.81 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 430 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: A Warranty Deed was not provided in the loan file. - Clayton Conclusion Comments: Document provided to cure |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 792 score CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 792 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 431 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: The file contains an exception approval because the borrower lives rent free with family and all real estate owned is free and clear. - Clayton Conclusion Comments: The file contains an exception approval |
CFCFS2860: Good credit history - Clayton Comments: DSCR above minimum by .229 CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 710 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 432 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: An Occupancy certification was not provided in the loan file. - Clayton Conclusion Comments: Documentation provided to cure. CRDTER4435: Terms/Guidelines: Missing Condo/Co-op Certificate/Questionnaire - Initial Clayton Comments: A Condo questionnaire was not provided in the loan file. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: 24.54% DTI CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 817 score |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 817 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 24.54 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 433 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDINSR3792: Insurance: Insurance policy missing Rent Loss/Business Interruption coverage - Initial Clayton Comments: The Hazard Insurance does not indicate rental coverage as required by the guidelines. - Clayton Conclusion Comments: beyond the program minimum is allowed in lieu of rent loss coverage - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - Credit score exceeds guidelines - 681 qualifying score is 10+ points > 660 requirement. |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 681 qualifying score is 10+ points > 660 requirement. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 681 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 434 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: 5.91% DTI CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 766 score CFCFS1737: LTV below guideline requirements - Clayton Comments: 40.85% LTV |
XXXXXX | XXXXXX | XXXXXX | 40.85 | 40.85 | XXXXXX | Rate and Term Refi | 773 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 5.91 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 435 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDCRMH149: Credit/Mtg History: Missing support docs for VOM/VOR (e.g. cancelled checks) - Initial Clayton Comments: 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. - Clayton Conclusion Comments: The taxes for the borrowers primary residence has been provided and is paid current. - Related Compensating Factors: - Credit score exceeds guidelines - 794 score - Verified cash reserves exceed guidelines - XXXX months reserves |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 794 score CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 794 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 436 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | B | C | B | B | B | N/A | N/A | C | B | C | B | B | B | N/A | N/A | (No Data) | (No Data) | (No Data) | CRDAST3078: Assets: Insufficient # of months cash reserves for PITI per guideline requirements - Initial Clayton Comments: Per guidelines XXXX months reserves are required post-closing. Borrower currently has XXXX months of reserves. - Clayton Conclusion Comments: An exception was approved for the guideline deviation. - Related Compensating Factors: - Significant time at current residence - XXXX years at primary residence - Positive mortgage payment history - Borrowers have xxxx months mortgage payment history XXXX. PRVAPROP177: Property: Property Issues Indicated - Initial Clayton Comments: Appraiser is on XXXX Exclusionary List; appraisal sent in for review. - Clayton Conclusion Comments: Appraisal approved by XXXX and in file. |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 642 mid score > min required of 620 CFCFS1736: Significant time at current residence - Clayton Comments: XXXX years at primary residence CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrowers XXXX months mortgage payment history XXXX. |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Cashout Refi | 642 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 437 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDINC2488: Income/Employment: Verbal verification of employment missing - Initial Clayton Comments: Missing verbal verification of employment for Borrower's schedule C Commissions. Missing verbal verification of employment for Coborrower's schedule C Management. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves are $XXXX CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 776. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXXmonths. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 35.40%. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 776 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 40.27 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 438 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDCRMH149: Credit/Mtg History: Missing support docs for VOM/VOR (e.g. cancelled checks) - Initial Clayton Comments: 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 8/XXXX with only XXXX months mortgage statements with no previous rental history verification. - Clayton Conclusion Comments: Documentation provided to cure. CRDTER4435: Terms/Guidelines: Missing Condo/Co-op Certificate/Questionnaire - Initial Clayton Comments: A Condo questionnaire was not provided in the loan file. - Clayton Conclusion Comments: not required. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 683 score |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 683 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 45.37 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 439 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDLGL100: Legal Documents: Legal document incorrect or incomplete - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Document provided to cure. |
CRDLTV3026: LTV/CLTV: LTV Exceeds Guideline Requirement by at least 5%, but less than 10% - Initial Clayton Comments: 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. - Clayton Conclusion Comments: An exception approval is in the file |
CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX months CFCFS2860: Good credit history - Clayton Comments: XXXX months |
XXXXXX | XXXXXX | XXXXXX | 85.00 | 85.00 | XXXXXX | Rate and Term Refi | 714 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 440 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | A | A | A | A | A | B | A | B | A | A | A | A | A | B | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Required Affiliate Business Disclosure missing from document file. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 805 Fico score exceeds the minimum Fico score by more than 20 points |
XXXXXX | XXXXXX | XXXXXX | 47.88 | 47.88 | XXXXXX | Purchase | 805 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 36.34 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 441 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 723 qualifying score is 20+ points > 700 requirement. CFCFS1744: DTI below guideline requirement - Clayton Comments: 13.58% DTI is low. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Cashout Refi | 723 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 13.58 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 442 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: The loan file does not contain the borrower's ID. - Clayton Conclusion Comments: Document provided to cure CRDTER5787: Terms/Guidelines: XXXX Delivery Restrictions -2 - Initial Clayton Comments: 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 XXXX residence. - Clayton Conclusion Comments: XXXX guidelines do not require a pre-approval. CRDTER2548: Terms/Guidelines: Missing AUS or AUS errors present - Initial Clayton Comments: The 1008 in the file is illegible. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 738 fico CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI (Back) of 10.23%. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 738 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 8.71 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 443 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 786 fico |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Cashout Refi | 786 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 444 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDINSR2400: Insurance: Missing Flood Certification Document - Initial Clayton Comments: Missing the Flood Cert in the file. - Clayton Conclusion Comments: Document located in file CRDTER146: Terms/Guidelines: Missing lender's loan approval/underwriting form - Initial Clayton Comments: The 1008 in the file is illegible. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 55% is 25% below the 80% LTV allowed. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 816. CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI (Back) of 35.65%. |
XXXXXX | XXXXXX | XXXXXX | 55.00 | 55.00 | XXXXXX | Rate and Term Refi | 816 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 35.65 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 445 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 751 score CFCFS1744: DTI below guideline requirement - Clayton Comments: 27.11% DTI CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 751 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 27.11 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 446 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 65% is 5% below the 70% LTV allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 691 is 71 points above the 620 required. |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Cashout Refi | 691 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 447 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDTIL4871: Title: Missing Title Certification - Initial Clayton Comments: The loan file does not contain the warranty deed. - Clayton Conclusion Comments: Documentation provided to cure. CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: The loan file does not contain the amortization schedule. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 684 fico vs 620 required. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 38.92%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA vs XXXX months reserves required. |
XXXXXX | XXXXXX | XXXXXX | 40.65 | 40.65 | XXXXXX | Purchase | 684 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 448 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 800. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 22.89%. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 800 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 22.89 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 449 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reaerves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 764 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 42.89 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 450 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 740 Fico score exceeds the minimum Fico score by more than 20 points |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 740 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 451 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDTER2548: Terms/Guidelines: Missing AUS or AUS errors present - Initial Clayton Comments: According to the Lock Report the loan was qualified with Flex guidelines, however, and AUS was not provided in the loan file. - Clayton Conclusion Comments: LP provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI (Back) of 42.45% CFCFS1737: LTV below guideline requirements - Clayton Comments: 60.37% LTV CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 763 score |
XXXXXX | XXXXXX | XXXXXX | 60.37 | 60.37 | XXXXXX | Rate and Term Refi | 763 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 37.85 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 452 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | (No Data) | (No Data) | CRDAST205: Assets: Insufficient Funds to Close - Initial Clayton Comments: According to the Prime Connect guidelines, the bank statement program requires XXXX months reserves. In this case, no assets were provided to support the asset requirements. - Clayton Conclusion Comments: additional bank statements provided. CMPATRQM3220: Ability to Repay/Qualified Mortgage: 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. - Initial Clayton Comments: Missing the XXXX months bank statements in the loan file to calculate income and render an accurate ATR/QM status. - Clayton Conclusion Comments: XXXX months statement provided CRDINSR848: Insurance: Missing Hazard Insurance - Initial Clayton Comments: The subject property Hazard Insurance was not provided in the loan file. - Clayton Conclusion Comments: Document provided to cure. CRDINC888: Income/Employment: Income Amount is Unsupported by Documentation in File - Initial Clayton Comments: The loan was approved as a XXXXt program, a bank statement worksheet was provided, however, the XXXX months bank statements were not provided in the loan file. - Clayton Conclusion Comments: additional bank statements provided. CRDAST2304: Assets: Unverified Assets - Initial Clayton Comments: According to the XXX guidelines, the bank statement program requires XXXX months reserves. In this case, no assets were provided to support the asset requirements. - Clayton Conclusion Comments: additional bank statements provided. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 791 score CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years XXXX months at current residence. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 791 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 32.16 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 453 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | B | A | C | A | C | A | A | A | B | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Required Affiliate Business Disclosure missing from document file - Clayton Conclusion Comments: Document provided to cure. CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: According to the underwriting guidelines, for business bank statement 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. - Clayton Conclusion Comments: Per guidelines, Tax Preparer letters prepared by PTINs are ineligible for all programs except for documenting percentage of ownership only. - Related Compensating Factors: - Verified cash reserves exceed guidelines - Borrower has over XXXX months of Reserves. - Minimal use of credit - Borrower has low credit utilization of XXXX%. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has over XXXX months of Reserves. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of XXXX%. |
XXXXXX | XXXXXX | XXXXXX | 85.00 | 85.00 | XXXXXX | Purchase | 695 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 49.63 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 454 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | N/A | N/A | C | A | C | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: The Warranty Deed is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX verified cash reserves exceed minimum required CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 770 credit score exceeds minimum required per guidelines CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession for the past XXXX years and XXXX months |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 770 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 26.65 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 455 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | CRDCRMH124: Credit/Mtg History: Collections, Liens, etc. not paid as required by guidelines - Initial Clayton Comments: An exception approval is in the file to allow for XXXX Delinquent taxes to be paid at closing, - Clayton Conclusion Comments: An exception approval is in the file |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of XXXX months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 695 score exceeds guidelines of 660 required. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 695 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 456 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Waived by XXXX |
CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided at current residence for the past XXXX years CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrower has XXXX on mortgage payments for the past XXXX months reviewed CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX verified cash reserves exceed minimum required |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 683 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 457 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | A | A | C | A | N/A | N/A | C | A | A | A | C | A | N/A | N/A | (No Data) | (No Data) | PRVAPROP177: Property: Property Issues Indicated - Initial Clayton Comments: Appraiser to correct occupancy status from XXXX to XXXX - Clayton Conclusion Comments: Corrected appraisal provided to cure. |
(No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: 33% LTV is low. CFCFS5269: Minimal use of credit - Clayton Comments: Borrowers have low credit utilization of XXXX%. |
XXXXXX | XXXXXX | XXXXXX | 33.00 | 33.00 | XXXXXX | Cashout Refi | 804 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 458 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 724 score CFCFS1744: DTI below guideline requirement - Clayton Comments: 40.41% DTI CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 73.56 | 73.56 | XXXXXX | Cashout Refi | 724 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 40.41 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 459 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 726 score CFCFS1744: DTI below guideline requirement - Clayton Comments: 30.63% DTI CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1737: LTV below guideline requirements - Clayton Comments: 71.70% LTV |
XXXXXX | XXXXXX | XXXXXX | 71.70 | 71.70 | XXXXXX | Rate and Term Refi | 726 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 30.63 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 460 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of XXXX%. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 701 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 461 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | B | C | B | A | A | C | A | C | B | C | B | A | A | C | A | (No Data) | (No Data) | CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: The borrower is paying off personal debts on the loan, however this is an investment refinance loan. - Clayton Conclusion Comments: Not a valid exception. TRID was run. |
CMPATRQM2916: Ability to Repay/Qualified Mortgage: 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 - Initial Clayton Comments: TIL Prepayment Penalty Alternative Offer Disclosure missing from file. - Clayton Conclusion Comments: Invalid exception. CRDLTV3026: LTV/CLTV: LTV Exceeds Guideline Requirement by at least 5%, but less than 10% - Initial Clayton Comments: An exception approval was placed in the loan file to allow 5% LTV exception. Maximum LTV guidelines is 75%, loan LTV is 80%. - Clayton Conclusion Comments: An exception approval was placed in the loan file - Related Compensating Factors: - Credit score exceeds guidelines - 700 qualifying score is 10+ points > 680 requirement. - Positive mortgage payment history - Borrower has good mortgage payment history reported on credit report XXXX |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 700 qualifying score is 10+ points > 680 requirement. CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrower has good mortgage payment history reported on credit report XXXX |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Cashout Refi | 700 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 49.17 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 462 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI (Back) of 27.17%. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years XXXX months at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 724 is 64 points above the 660 required. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 724 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 27.17 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 463 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 69.57 | 69.57 | XXXXXX | Cashout Refi | 724 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 464 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 753 score CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 753 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 465 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 776 Fico score exceeds the minimum Fico score by more than 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 776 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 45.55 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 466 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 651 qualifying score is 10+ points > 640 requirement. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 651 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 467 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has over XXXX months of Reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 738 qualifying score is 10+ points > 700 requirement. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Rate and Term Refi | 738 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 40.80 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 468 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXXmonths CFCFS1736: Significant time at current residence - Clayton Comments: XXXX mos |
XXXXXX | XXXXXX | XXXXXX | 74.62 | 74.62 | XXXXXX | Rate and Term Refi | 685 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 469 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: 54.09% LTV CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years and XXXX months at current job. CFCFS1744: DTI below guideline requirement - Clayton Comments: 9.19% DTI is below program max of 50% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 763 FICO exceeds program min by > 20 points. |
XXXXXX | XXXXXX | XXXXXX | 54.09 | 54.09 | XXXXXX | Rate and Term Refi | 763 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 9.19 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 470 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 787 FICO exceeds program min by > 20 points. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. CFCFS1744: DTI below guideline requirement - Clayton Comments: 43.09% DTI is 5% below program max |
XXXXXX | XXXXXX | XXXXXX | 64.29 | 64.29 | XXXXXX | Cashout Refi | 787 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 43.09 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 471 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | C | A | A | A | D | A | D | A | C | A | A | A | (No Data) | (No Data) | CRDINSR2400: Insurance: Missing Flood Certification Document - Initial Clayton Comments: The Flood Certificate is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure. PRVAAPPR4789: Appraisal: Appraisal Deficiency - Initial Clayton Comments: None of the comparables used by the appraiser were listed thru the MLS. - Clayton Conclusion Comments: Comps listed in MLS. |
(No Data) | CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX months CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 20.81% < GL 75% |
XXXXXX | XXXXXX | XXXXXX | 20.81 | 20.81 | XXXXXX | Cashout Refi | 798 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 472 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDCRMH104: Credit/Mtg History: Credit score below guidelines - Initial Clayton Comments: Borrower FICO of 690 is below the guideline minimum of 700. Lender approval dated XXXX is on file. - Clayton Conclusion Comments: An exception approval was placed in the loan file - Related Compensating Factors: - DTI below guideline requirement - 42.82% DTI is below program max of 50% - Minimal use of credit - Borrower has 12.09% revolving credit utilization. - Verified cash reserves exceed guidelines - XXXX months reserves. |
CFCFS1744: DTI below guideline requirement - Clayton Comments: 42.82% DTI is below program max of 50% CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 690 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 42.82 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 473 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | A | A | B | B | A | A | B | B | A | A | B | B | A | A | (No Data) | (No Data) | (No Data) | PRVAPROP177: Property: Property Issues Indicated - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Exception approved by XXXX and in file. - Related Compensating Factors: - Credit score exceeds guidelines - 763 mid score > min required of 700 - Good credit history - Borrower has XXXX for XXXX months. - Minimal use of credit - Minimal usage of available revolving credit lines @ XXXX |
CFCFS1737: LTV below guideline requirements - Clayton Comments: 69.40% LTV CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 763 mid score > min required of 700 CFCFS2860: Good credit history - Clayton Comments: Borrower has XXXX for XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ XXXX |
XXXXXX | XXXXXX | XXXXXX | 69.40 | 69.40 | XXXXXX | Cashout Refi | 763 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 474 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDLGL100: Legal Documents: Legal document incorrect or incomplete - Initial Clayton Comments: 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 - Clayton Conclusion Comments: Document provided to cure |
(No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: 51.95% LTV CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves vs XXXX months reserves required. |
XXXXXX | XXXXXX | XXXXXX | 51.95 | 51.95 | XXXXXX | Cashout Refi | 630 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 49.54 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 475 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has owned primary residence for XXXX years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash out of $XXXX (reserves XXXX months) above the guideline XXXX month PITI reserves requirement CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV 66.18% is below max of 75%. |
XXXXXX | XXXXXX | XXXXXX | 66.18 | 66.18 | XXXXXX | Cashout Refi | 705 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 476 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDINC150: Income/Employment: Income docs do not meet guidelines - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Exception approved to use XXXX for subject and REO properties. Subject property never listed for rent. Buying neighbor's property (next to an REO) - Satisfied. |
CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 37.74%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXX+ months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves are $XXXX. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 722. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 722 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 37.74 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 477 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 766 FICO exceeds program min by > 20 points CFCFS1744: DTI below guideline requirement - Clayton Comments: 8.20% DTI is below program max of 50% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 766 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 8.20 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 478 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDCRMH118: Credit/Mtg History: Mortgage/rental lates exceed guidelines - Initial Clayton Comments: Max XXXX mtg lates per Guidelines. An exception approval is in the file to allow the Borrower having a rolling XXXX-day late XXXX. - Clayton Conclusion Comments: An exception approval was placed in the loan file |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 675 FICO exceeds guideline 620 CFCFS1737: LTV below guideline requirements - Clayton Comments: 60% LTV below guideline max of 70% |
XXXXXX | XXXXXX | XXXXXX | 60.00 | 60.00 | XXXXXX | Cashout Refi | 675 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 479 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 35.21% is 14.79% less than the maximum allowed DTI of 50%. |
XXXXXX | XXXXXX | XXXXXX | 43.04 | 43.04 | XXXXXX | Rate and Term Refi | 775 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 35.21 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 480 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | A | A | A | A | A | B | A | B | A | A | A | A | A | B | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Required Affiliate Business Disclosure missing from file. - Clayton Conclusion Comments: Document provided to cure |
(No Data) | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years XXXX months at current job. CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has XXXX years XXXX months at current job. CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 27.83%. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Cashout Refi | 706 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 27.83 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 481 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for the past XXXX years and XXXX months CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX verified cash reserves exceed minimum required CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 800 credit score exceeds minimum required |
XXXXXX | XXXXXX | XXXXXX | 72.08 | 72.08 | XXXXXX | Rate and Term Refi | 800 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 27.22 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 482 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: XXXX years at primary residence CFCFS2860: Good credit history - Clayton Comments: Borrower has XXXX for XXXX months. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 723 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 483 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | A | A | B | B | A | A | B | B | A | A | B | B | A | A | (No Data) | (No Data) | (No Data) | PRVAAPPR2502: Appraisal: Appraiser is currently on an exclusionary list - Initial Clayton Comments: Appraiser is currently on the exclusionary list. - Clayton Conclusion Comments: Exception for exclusionary list approved with a max loan amount of $XXXX by XXXX and in file. |
CFCFS1744: DTI below guideline requirement - Clayton Comments: 16.42% DTI CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 744 score CFCFS1737: LTV below guideline requirements - Clayton Comments: 52.63% LTV CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 52.63 | 52.63 | XXXXXX | Cashout Refi | 744 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 16.42 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 484 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ XXXX% CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 11.79%; guidelines allow 85%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 763 mid score > min required of 680 |
XXXXXX | XXXXXX | XXXXXX | 11.79 | 11.79 | XXXXXX | Rate and Term Refi | 763 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 31.23 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 485 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | B | A | A | A | A | C | B | C | B | A | A | A | A | C | B | (No Data) | (No Data) | CMPTRID3670: TILA/RESPA Integrated Disclosure: 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 - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: 44.50% DTI is below program max by > 5% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 727 FICO exceeds program min by > 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 727 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 44.50 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 486 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | A | A | A | A | B | B | B | B | A | A | A | A | B | B | (No Data) | (No Data) | CMPFINT4372: Finance Charge Tolerance: TILA/TRID-Disclosed Amount Financed is higher than Clayton's calculated Amount Financed - Initial Clayton Comments: Satisfied with exception CMPFINT106. - Clayton Conclusion Comments: Satisfied with exception CMPFINT106. CMPFINT106: Finance Charge Tolerance: Finance charge understated by more than $XXXX (Pmt Stream) - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Exception satisfied with PCCD CMPTRID4056: TILA/RESPA Integrated Disclosure: 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 - Initial Clayton Comments: CD: XXXX Loan Calculation, Total of Payments disclosed as $XXXX System calculates $XXXX. Exception satisfied with PCCD XXXX disclosure of $XXXX - Clayton Conclusion Comments: Exception satisfied with PCCD |
(No Data) | CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in same profession for past XXXX years and XXXX months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 820 credit score exceeds minimum required per guidelines CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided at current residence for past XXXX years and XXXX months |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 820 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 43.21 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 487 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 793. CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 33.41%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. |
XXXXXX | XXXXXX | XXXXXX | 33.41 | 33.41 | XXXXXX | Cashout Refi | 793 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 488 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | A | A | A | A | A | B | A | B | A | A | A | A | A | B | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Required Affiliate Business Disclosure missing from file. - Clayton Conclusion Comments: Document provided to cure. |
(No Data) | CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX year and XXXX months at current job CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 700 FICO exceeds program min by > 20 points |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 700 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 49.45 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 489 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | CRDINC3204: Income/Employment: Income Documentation Missing - Initial Clayton Comments: Currently Delinquent on subject property taxes. Borrower is delinquent for XXXX and XXXX property taxes. Will be paid off atclosing. - Clayton Conclusion Comments: Exception for paying delinquent property taxes at closing approved by XXXX and in file. |
CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX months CFCFS2860: Good credit history - Clayton Comments: XXXX months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 788 FICO |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Cashout Refi | 788 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 490 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX verified reserves exceed minimum required CFCFS1737: LTV below guideline requirements - Clayton Comments: 65% LTV CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided at the same residence for the past XXXX years |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Rate and Term Refi | 655 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 491 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 758 score CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1744: DTI below guideline requirement - Clayton Comments: 17.84% DTI |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 758 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 17.84 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 492 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDCRMH149: Credit/Mtg History: Missing support docs for VOM/VOR (e.g. cancelled checks) - Initial Clayton Comments: 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 his 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. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 782 score |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Rate and Term Refi | 782 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 44.98 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 493 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDAST3078: Assets: Insufficient # of months cash reserves for PITI per guideline requirements - Initial Clayton Comments: Reserves of XXXX months PITIA is less than the minimum 6 months reserves required. - Clayton Conclusion Comments: Per XXXX variance, Reserves: XXXX reserve requirements are acceptable on XXXX DSCR product. CRDTER146: Terms/Guidelines: Missing lender's loan approval/underwriting form - Initial Clayton Comments: The 1008 in the file is illegible. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. CFCFS5269: Minimal use of credit - Clayton Comments: XXXX tradelines XXXX housing XXXX consumer with XXXX% utilization CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying credit score 704 exceeds GL 620 |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 704 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 494 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | (No Data) | (No Data) | CMPTRID4579: TILA/RESPA Integrated Disclosure: TRID - CD: Missing Initial CD - Initial Clayton Comments: Missing Initial CD. - Clayton Conclusion Comments: Lender provided clear copy of Initial XXXX CD - Exception satisfied. CMPTRID3626: TILA/RESPA Integrated Disclosure: TRID - CD: Loan consummated before end of waiting period - Initial Clayton Comments: Please provide evidence that borrower acknowledged receipt of CD XXXX days prior to consummation or Initial CD. Initial CD in file is not legible. - Clayton Conclusion Comments: Lender provided clear copy of Initial XXXX CD - Exception satisfied. CMPTRID3618: TILA/RESPA Integrated Disclosure: TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least XXXX business days prior to closing - Initial Clayton Comments: Missing initial CD - Clayton Conclusion Comments: Lender provided clear copy of Initial XXXX CD - Exception satisfied. CRDTER2548: Terms/Guidelines: Missing AUS or AUS errors present - Initial Clayton Comments: Provide a legible 1008 for the loan file. - Clayton Conclusion Comments: Document provided to cure CRDINSR3028: Insurance: Flood Certificate has incorrect or incomplete data - Initial Clayton Comments: Provide a legible Flood Certificate for the loan file - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI of 36.96% is 13.04% less than the maximum allowed DTI of 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 796. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years at current job. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 796 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 36.96 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 495 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS1736: Significant time at current residence - Clayton Comments: XXXX yrs CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX months |
XXXXXX | XXXXXX | XXXXXX | 51.72 | 51.72 | XXXXXX | Cashout Refi | 759 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 496 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | C | B | D | B | D | A | A | A | C | B | (No Data) | (No Data) | CMPROR2330: Right of Rescission: ROR - Disbursement date is before end of statutory rescission period - Initial Clayton Comments: ROR midnight date is XXXX. Loan disbursed XXXX Loan disbursed prior to ROR expiration date - Clayton Conclusion Comments: Final settlement statement provided showing disbursement date of XXXX CRDINSR3028: Insurance: Flood Certificate has incorrect or incomplete data - Initial Clayton Comments: Provide a legible Flood Cert for the loan file. - Clayton Conclusion Comments: Documentation provided to cure. CRDTER2548: Terms/Guidelines: Missing AUS or AUS errors present - Initial Clayton Comments: Provide a legible 1008 for the loan file. - Clayton Conclusion Comments: Documentation provided to cure. CRDLGL100: Legal Documents: Legal document incorrect or incomplete - Initial Clayton Comments: Provide a final signed amoritization schedule for the loan file. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: The borrowers Fico of 741 is 81 points greater than the minimum required Fico of 660. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 741 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 44.91 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 497 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDCRMH120: Credit/Mtg History: Collections, charge offs, liens, etc. exceed guidelines - Initial Clayton Comments: 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 $XXXX; reported XXXX and last activity date of XXXX. Unable to determine the charge-off open date. Provide verification of charge-off date. - Clayton Conclusion Comments: charge-off open > XXXX yrs |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 737 FICO CFCFS1737: LTV below guideline requirements - Clayton Comments: 75% LTV |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 737 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 498 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | N/A | N/A | C | A | C | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDAST3078: Assets: Insufficient # of months cash reserves for PITI per guideline requirements - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Bank statement provided to cure. - Related Compensating Factors: - Minimal use of credit - Borrowers have low credit utilization of XXXX%. - Credit score exceeds guidelines - 807 qualifying score is 10+ points > requirement. CRDAST205: Assets: Insufficient Funds to Close - Initial Clayton Comments: Assets in the amount of $XXXX for funds to close are missing from the loan file. - Clayton Conclusion Comments: Bank statement provided to cure. |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrowers have low credit utilization of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 807 qualifying score is 10+ points > requirement. |
XXXXXX | XXXXXX | XXXXXX | 72.78 | 72.78 | XXXXXX | Purchase | 807 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 499 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | B | D | B | A | A | D | A | D | B | D | B | A | A | D | A | (No Data) | (No Data) | CMPFDCP304: Federal Consumer Protection: TILA - Transaction date unknown/missing - Initial Clayton Comments: Note and Mortgage missing from file - Clayton Conclusion Comments: Note and Mortgage provided fore cure. CMPDOC191: Documentation: Missing Mortgage - Initial Clayton Comments: Missing Mortgage - Client/Seller Response Comments: Mortgage provided. - Clayton Conclusion Comments: Condition satisfied. CRDLGL1819: Legal Documents: Estimated HUD-1 in File, Missing Final HUD-1 - Initial Clayton Comments: Missing Final executed CD in the file. - Client/Seller Response Comments: PCCD provided. - Clayton Conclusion Comments: Condition satisfied. CMPDOC195: Documentation: Missing Note - Initial Clayton Comments: Missing Note - Client/Seller Response Comments: Note provided. - Clayton Conclusion Comments: Condition satisfied. CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: Missing Tax Cert, First payment letter and amortization schedule - Client/Seller Response Comments: Documentation provided to cure. - Clayton Conclusion Comments: Condition satisfied. |
CRDCRMH193: Credit/Mtg History: Length of mortgage/rental history in file does not meet guideline requirement - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Lender exception approval is in file. - Related Compensating Factors: - Minimal use of credit - Borrower has XXXX% revolving credit utilization. |
CFCFS2854: Significant time in profession - Clayton Comments: Borrower has XXXX years and XXXX months in profession CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. |
XXXXXX | XXXXXX | XXXXXX | 74.60 | 74.60 | XXXXXX | Purchase | 720 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 48.57 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 500 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDINC888: Income/Employment: Income Amount is Unsupported by Documentation in File - Initial Clayton Comments: Missing XXXX Months Business Bank Statements supporting monthly income of $XXXX - Clayton Conclusion Comments: Documentation provided to cure. CRDAST206: Assets: Asset Amounts Are Unsupported by Documentation in File - Initial Clayton Comments: Missing bank statements for XXXX account ending #XXXX reflecting balance of $XXXX - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 736 credit score exceeds minimum required CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided at current residence for past XXXX years CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI (Back) of 20.12%. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 736 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 20.12 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 501 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDCRMH149: Credit/Mtg History: Missing support docs for VOM/VOR (e.g. cancelled checks) - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Exception for living rent free approved by XXXX and in file. - Related Compensating Factors: - LTV below guideline requirements - 69.66% LTV - Credit score exceeds guidelines - 718 FICO - Verified cash reserves exceed guidelines - XXXX months of reserves |
CFCFS1737: LTV below guideline requirements - Clayton Comments: 69.66% LTV CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 718 FICO CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 69.66 | 69.66 | XXXXXX | Cashout Refi | 718 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 502 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | B | A | A | C | B | N/A | N/A | C | B | A | A | C | B | N/A | N/A | (No Data) | (No Data) | (No Data) | PRVAAPPR2502: Appraisal: Appraiser is currently on an exclusionary list - Initial Clayton Comments: An exception approval is in the file to allow the Appraisal with the Appraiser being on the exclusionary list. - Clayton Conclusion Comments: An exception approval is in the file |
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ XXXX% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 741 mid score > min required of 640 |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 741 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 503 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 760 score CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of XXXX%. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 760 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 504 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: The LTV of 62.73% is less than the Max CFCFS1744: DTI below guideline requirement - Clayton Comments: The DTI of 31.73% is less than the Max |
XXXXXX | XXXXXX | XXXXXX | 62.73 | 62.73 | XXXXXX | Purchase | 809 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 31.73 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 505 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | A | A | A | A | D | B | D | B | A | A | A | A | D | B | (No Data) | (No Data) | CMPTRID3966: TILA/RESPA Integrated Disclosure: 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 - Initial Clayton Comments: 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. - Clayton Conclusion Comments: PCCD provided to cure. CMPDOC3274: Documentation: Mortgage/Deed in file is incomplete - Initial Clayton Comments: Missing Mortgage pages 7-11. - Clayton Conclusion Comments: Mortgage provided for cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 805 FICO exceeds program min by > 20 points. CFCFS1744: DTI below guideline requirement - Clayton Comments: 17.82% DTI is below program max by > 10%. |
XXXXXX | XXXXXX | XXXXXX | 24.39 | 24.39 | XXXXXX | Purchase | 805 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 17.82 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 506 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: 20.31% DTI is below program max by > 10% CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. CFCFS1737: LTV below guideline requirements - Clayton Comments: 53.38% LTV is below program max by > 10% CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 740 FICO exceeds program min by > 20 points |
XXXXXX | XXXXXX | XXXXXX | 53.38 | 53.38 | XXXXXX | Purchase | 740 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 20.31 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 507 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDTER4435: Terms/Guidelines: Missing Condo/Co-op Certificate/Questionnaire - Initial Clayton Comments: A Condo questionnaire is missing from the loan file. - Clayton Conclusion Comments: Document provided to cure |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 755 score CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 755 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 508 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | A | B | A | A | A | N/A | N/A | B | A | B | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDTER2850: Terms/Guidelines: ARM terms do not meet guidelines - Initial Clayton Comments: updated - Clayton Conclusion Comments: updated |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves CFCFS2860: Good credit history - Clayton Comments: Experienced XXXX (the borrower owns XXXX current rentals) |
XXXXXX | XXXXXX | XXXXXX | 60.00 | 60.00 | XXXXXX | Cashout Refi | 737 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 509 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: 28.18% LTV CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months |
XXXXXX | XXXXXX | XXXXXX | 28.18 | 28.18 | XXXXXX | Cashout Refi | 677 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 46.95 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 510 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves exceeds minimum reserve requirement by more than XXXX months CFCFS1737: LTV below guideline requirements - Clayton Comments: 40% LTV is more than 5 points below minimum LTV requirements |
XXXXXX | XXXXXX | XXXXXX | 40.00 | 40.00 | XXXXXX | Cashout Refi | 636 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 511 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDINSR289: Insurance: Insufficient Hazard Insurance Coverage - Initial Clayton Comments: The homeowners insurance dwelling coverage of $XXXX is less than required coverage of $XXXX. - Clayton Conclusion Comments: Document provided to cure. CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: The note does not specify what the default rate will be in case of default. - Clayton Conclusion Comments: not required CRDDTI2540: DTI: Missing verification of some or all components of non-subject PITI - Initial Clayton Comments: The loan file does not contain mortgage statement for XXXX to verify monthly payment includes taxes, insurance, etc. - Clayton Conclusion Comments: Document provided to cure |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: XXXX |
XXXXXX | XXXXXX | XXXXXX | 64.52 | 64.52 | XXXXXX | Cashout Refi | 656 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 49.14 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 512 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrowers have low credit utilization of XXXX%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS1744: DTI below guideline requirement - Clayton Comments: 36.56% DTI is low. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 741 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 36.56 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 513 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: Fair market rent increased from original report due to new comps added. - Clayton Conclusion Comments: Exception to use increased market rent approved by XXXX (XXXX) and in file. - Related Compensating Factors: - Minimal use of credit - Minimal usage of available revolving credit lines @ XXXX% - Verified cash reserves exceed guidelines - XXXX months of reserves |
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ XXXX% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Purchase | 758 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 514 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: Missing the Lease Agreement for the subject property in the file. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrowers XXXX months mortgage payment history 0x30. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 801 mid score > min required of 620 CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 75%; guidelines allow 85%. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Rate and Term Refi | 801 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 515 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: The CU score in file exceeds XXXX, the actual score is XXXX Per guides, a desk review product is required and is missing from the file. - Clayton Conclusion Comments: Documentation provided to cure. CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: The file is missing the XXXX Lock Report. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 651 Fico score exceeds the minimum Fico score by more than 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Cashout Refi | 651 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 516 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDAST2354: Assets: Asset Verification In File is Incomplete Per Requirements - Initial Clayton Comments: Per guidelines XXXX months PITIA reserves are required post-close. Borrower currently has XXXX months which does not meet the minimum requirement. - Clayton Conclusion Comments: Per XXXX overlay, the reserve requirement for XXXX is acceptable which is XXXX months. - Related Compensating Factors: - Minimal use of credit - Borrower has XXXX% revolving credit utilization. - DTI below guideline requirement - 44.21% DTI is below program max of 50% - Significant time at current residence - Borrower has XXXX years at current residence. - Credit score exceeds guidelines - 750 FICO exceeds program min by > 20 points |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. CFCFS1744: DTI below guideline requirement - Clayton Comments: 44.21% DTI is below program max of 50% CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 750 FICO exceeds program min by > 20 points |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 750 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 44.21 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 517 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDINSR5351: Insurance: Insurance Effective date is greater than the transaction date - Initial Clayton Comments: Disbursement date is XXXX, HOI effective date is XXXX. Provide verification the insurance was effective at the date of disbursement. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: 39.59% DTI CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 722 score CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 722 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 39.59 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 518 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDTER146: Terms/Guidelines: Missing lender's loan approval/underwriting form - Initial Clayton Comments: The 1008 in the loan file is illegible. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI (Back) of 27.85%. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years XXXX months at current job. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Cashout Refi | 710 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 25.61 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 519 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI (Back) of 28.74% CFCFS1737: LTV below guideline requirements - Clayton Comments: The LTV of 22.33% is less than the Max |
XXXXXX | XXXXXX | XXXXXX | 22.33 | 22.33 | XXXXXX | Cashout Refi | 636 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 28.74 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 520 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 795 score CFCFS1737: LTV below guideline requirements - Clayton Comments: 74.44% LTV vs 85% allowed. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1744: DTI below guideline requirement - Clayton Comments: 28.32% DTI |
XXXXXX | XXXXXX | XXXXXX | 74.44 | 74.44 | XXXXXX | Rate and Term Refi | 795 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 28.32 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 521 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 744 exceeds guidelines CFCFS1737: LTV below guideline requirements - Clayton Comments: 56.03% LTV below guideline max |
XXXXXX | XXXXXX | XXXXXX | 56.03 | 56.03 | XXXXXX | Rate and Term Refi | 744 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 522 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: 61.32 subject LTV below guideline 70% CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Assets in the amount of XXXX exceed guidelines required XXXX months PITIA CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO 777 exceeds guidelines 700 |
XXXXXX | XXXXXX | XXXXXX | 61.32 | 61.32 | XXXXXX | Purchase | 777 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 523 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDCRMH149: Credit/Mtg History: Missing support docs for VOM/VOR (e.g. cancelled checks) - Initial Clayton Comments: 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. - Clayton Conclusion Comments: A pre-approval was provided for the housing history. CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: A Warranty Deed was not provided in the loan file. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 790 score |
XXXXXX | XXXXXX | XXXXXX | 77.11 | 77.11 | XXXXXX | Purchase | 790 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 524 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 808 FICO |
XXXXXX | XXXXXX | XXXXXX | 68.36 | 68.36 | XXXXXX | Rate and Term Refi | 808 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 35.70 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 525 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 738 FICO exceeds program min by > 20 points. CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX mortgage payment history |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 738 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 526 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 784 mid score > min required of 700 CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ XXXX% CFCFS2860: Good credit history - Clayton Comments: Borrower has XXXX for XXXX months. |
XXXXXX | XXXXXX | XXXXXX | 60.00 | 60.00 | XXXXXX | Cashout Refi | 784 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 527 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 796 FICO exceeds program min by > 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Rate and Term Refi | 796 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 528 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | C | A | C | A | A | A | B | A | C | A | C | A | A | A | B | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Provide missing Affiliate Business Disclosure - Clayton Conclusion Comments: Document provided to cure CRDTER4643: Terms/Guidelines: Borrower does not meet guideline requirements - Initial Clayton Comments: No open and active mortgages reporting on initial credit will require pre-approval. - Clayton Conclusion Comments: A pre-approval was provided for the housing history. |
(No Data) | CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been i the same profession for the past XXXX years CFCFS1737: LTV below guideline requirements - Clayton Comments: 61.14 LTV below max allowed per guidelines CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX verified cash reserves exceed minimum required |
XXXXXX | XXXXXX | XXXXXX | 61.14 | 61.14 | XXXXXX | Purchase | 794 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 49.80 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 529 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDINSR5081: Insurance: Insurance Policy missing required endorsements - Initial Clayton Comments: Hazard insurance policy is missing the additional address of XXXXY. - Client/Seller Response Comments: ADU address is listed on the sales contract as part of XXXX - Clayton Conclusion Comments: Condition satisfied. |
(No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: DTI is 38.98%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage/rent payment history is XXXX+ months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 716. |
XXXXXX | XXXXXX | XXXXXX | 65.87 | 65.87 | XXXXXX | Purchase | 716 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 38.98 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 530 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | N/A | N/A | C | A | C | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: The file is missing the payoff for XXXX in the amount of $XXXX - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS2860: Good credit history - Clayton Comments: DSCR above minimum by .53 CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 796 FICO |
XXXXXX | XXXXXX | XXXXXX | 46.32 | 46.32 | XXXXXX | Rate and Term Refi | 796 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 531 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 778. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves are $XXXX (XXXX months). CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXXX operating same business for XXXX years. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 778 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 34.57 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 532 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDTER2548: Terms/Guidelines: Missing AUS or AUS errors present - Initial Clayton Comments: The loan was locked as a XXXX loan; however, the AUS is missing from the file. - Client/Seller Response Comments: DU provided - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has 8.79% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 800 FICO exceeds program min by > 20 points. CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX housing payment history |
XXXXXX | XXXXXX | XXXXXX | 76.00 | 76.00 | XXXXXX | Purchase | 800 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 49.81 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 533 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS2860: Good credit history - Clayton Comments: Borrower has XXXX for XXXX months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 773. CFCFS1736: Significant time at current residence - Clayton Comments: XXXX years at primary residence |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 773 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 534 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | C | B | D | B | D | B | A | A | C | B | (No Data) | (No Data) | CMPTRID3670: TILA/RESPA Integrated Disclosure: 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 - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Input error. CRDTER2548: Terms/Guidelines: Missing AUS or AUS errors present - Initial Clayton Comments: 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. - Clayton Conclusion Comments: not XXXX per XXXX |
CRDCRMH193: Credit/Mtg History: Length of mortgage/rental history in file does not meet guideline requirement - Initial Clayton Comments: An exception approval is in the file for the housing history exception. Borrower lives rent free - Clayton Conclusion Comments: An exception approval is in the file |
CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI (Back) of 29.71%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 779 fico |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 779 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 29.71 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 535 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: 19.34% DTI CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 802 score CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 802 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 19.34 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 536 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 782 FICO CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 33.33 | 33.33 | XXXXXX | Purchase | 782 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 537 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: The Warranty/ Grant Deed is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. |
CRDLTV3026: LTV/CLTV: LTV Exceeds Guideline Requirement by at least 5%, but less than 10% - Initial Clayton Comments: Exception approved for 5% LTV above max allowed of 75% for Rural primary residence. LTV is 80% - Clayton Conclusion Comments: Exception approved for 5% LTV above max allowed of 75% for Rural primary residence. LTV is 80% - Satisfied. |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 788. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been XXXX operating same business for XXXX years. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower shows minimal use of credit. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 788 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 44.38 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 538 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 675 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 539 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: 67.12% LTV CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 758 score CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 67.12 | 67.12 | XXXXXX | Rate and Term Refi | 758 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 45.46 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 540 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 790 FICO CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 790 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 541 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. CFCFS1744: DTI below guideline requirement - Clayton Comments: 6.34% DTI is below program max of 50%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 740 FICO exceeds program min by > 20 points |
XXXXXX | XXXXXX | XXXXXX | 74.10 | 74.10 | XXXXXX | Purchase | 740 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 6.34 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 542 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDDTI106: DTI: Debt Ratio Exception >5% and <10% - Initial Clayton Comments: 49.43% DTI exceeds the max allowed of 45%. Lender exception approval is on file. - Clayton Conclusion Comments: Lender exception approval is on file. - Related Compensating Factors: - Minimal use of credit - Borrower has XXXX% revolving credit utilization - Credit score exceeds guidelines - 743 FICO exceeds program min by > 20 points - LTV below guideline requirements - 26.58% LTV is below program max of 60% CRDINC150: Income/Employment: Income docs do not meet guidelines - Initial Clayton Comments: Co-borrower is using XXXX in lieu of XXXX for verification. Lender exception approval is on file. - Clayton Conclusion Comments: Lender exception approval is on file. - Related Compensating Factors: - Minimal use of credit - Borrower has XXXX% revolving credit utilization - Credit score exceeds guidelines - 743 FICO exceeds program min by > 20 points - LTV below guideline requirements - 26.58% LTV is below program max of 60% |
CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 743 FICO exceeds program min by > 20 points CFCFS1737: LTV below guideline requirements - Clayton Comments: 26.58% LTV is below program max of 60% |
XXXXXX | XXXXXX | XXXXXX | 26.58 | 26.58 | XXXXXX | Cashout Refi | 743 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 49.43 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 543 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | B | D | B | D | A | A | A | D | B | D | B | D | A | A | A | (No Data) | (No Data) | CRDTIL796: Title: Missing Title - Initial Clayton Comments: The title report is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Positive mortgage payment history - No Delinquencies in Mortgage History detailed housing history e.i 0x30x24 CRDINSR848: Insurance: Missing Hazard Insurance - Initial Clayton Comments: The hazard insurance policy for the subject property is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Positive mortgage payment history - No Delinquencies in Mortgage History detailed housing history e.i 0x30x24 PRVAAPPR1939: Appraisal: Appraiser License for Incorrect State - Initial Clayton Comments: The 1007 from the appraisal report is missing from the loan file. Unable to calculate the DSCR. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Positive mortgage payment history - No Delinquencies in Mortgage History detailed housing history e.i 0x30x24 CRDINSR2400: Insurance: Missing Flood Certification Document - Initial Clayton Comments: The flood cert for the property is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Positive mortgage payment history - No Delinquencies in Mortgage History detailed housing history e.i 0x30x24 CRDAPP4625: Application: The orig file does not contain a third party fraud report - Initial Clayton Comments: The fraud report is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Positive mortgage payment history - No Delinquencies in Mortgage History detailed housing history e.i XXXX PRVAAPPR100: Appraisal: Missing Appraisal - Initial Clayton Comments: The appraisal for the subject property is missing from the file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Positive mortgage payment history - No Delinquencies in Mortgage History detailed housing history e.i XXXX CRDCRMH189: Credit/Mtg History: Missing credit report - Initial Clayton Comments: Missing the credit report in the file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Positive mortgage payment history - No Delinquencies in Mortgage History detailed housing history e.i XXXX CRDTER146: Terms/Guidelines: Missing lender's loan approval/underwriting form - Initial Clayton Comments: The 1008 is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Positive mortgage payment history - No Delinquencies in Mortgage History detailed housing history e.i XXXX CRDINC3204: Income/Employment: Income Documentation Missing - Initial Clayton Comments: The current lease agreement is missing from the file. DSCR unable to be calculated. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Positive mortgage payment history - No Delinquencies in Mortgage History detailed housing history e.i XXXX |
CRDLTV5736: LTV/CLTV: LTV Exceeds Guideline Requirement by less than 5% - Initial Clayton Comments: 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%. - Clayton Conclusion Comments: An exception was approved allowing the LTV up to 80%. - Related Compensating Factors: - Positive mortgage payment history - No Delinquencies in Mortgage History detailed housing history e.i XXXX |
CFCFS1739: Positive mortgage payment history - Clayton Comments: No Delinquencies in Mortgage History detailed housing history e.i XXXX |
XXXXXX | XXXXXX | XXXXXX | 77.18 | 77.18 | XXXXXX | Rate and Term Refi | 768 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 544 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDTER3262: Terms/Guidelines: Property issues indicated - Initial Clayton Comments: According to the guidelines, the appraisal should include minimum of XXXX comparable properties that were exposed to the MLS. The appraiser provided comps from XXXX realtors association not the MLS. - Clayton Conclusion Comments: Documentation provided to cure. CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: Provide a final executed warranty deed for the loan file. - Clayton Conclusion Comments: Document provided to cure |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 752. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 70% is 15% below the 85% LTV allowed. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Purchase | 752 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 545 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDCRMH2662: Credit/Mtg History: Number of mortgaged properties exceeds guideline limit - Initial Clayton Comments: Borrower has XXXX financed properties which exceeds the max allowed of XXXX financed properties. An exception approval is in the file. - Clayton Conclusion Comments: An exception approval is in the file. |
CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ XXXX% CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Borrower has XXXX for XXXX months. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Post closing assets $XXXX months PITIA > min required of $XXXX. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 753 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 546 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: A Warranty Deed was not provided in the loan file. - Clayton Conclusion Comments: Documentation provided to cure. |
CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: 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. - Clayton Conclusion Comments: An exception approval is in the file. |
CFCFS1735: Co-Borrower has significant time at current job - Clayton Comments: Co-Borrower has XXXX years XXXX months at current job. CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI (Back) of 43.13% is 6.87% below the 50% allowed. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has XXXX years XXXX months at current job. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 674 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 43.13 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 547 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 795 mid score > min required of 700 CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 70%; guidelines allow 75%. CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ XXXX% |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 795 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 548 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of XXXX months PITIA exceed guidelines. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO score of 795 exceeds guidelines 700 |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 795 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 549 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | B | A | B | B | B | B | A | A | B | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Provide missing Affiliate Business Disclosure. - Clayton Conclusion Comments: Document provided to cure. |
CRDCRMH193: Credit/Mtg History: Length of mortgage/rental history in file does not meet guideline requirement - Initial Clayton Comments: 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. - Clayton Conclusion Comments: An exception approval is in the file |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of $XXXX is $XXXX greater than the $XXXX reserves required. CFCFS1744: DTI below guideline requirement - Clayton Comments: 24.70% DTI |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 669 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 20.70 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 550 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 792 FICO exceeds program min by > 20 points. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. CFCFS1744: DTI below guideline requirement - Clayton Comments: 36.23% DTI |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 792 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 31.30 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 551 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | A | C | A | A | A | A | A | C | A | C | A | A | A | A | A | (No Data) | (No Data) | CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: All the comps used on the appraisal report were not exposed to MLS. - Clayton Conclusion Comments: Properties were listed on XXXX MLS. Sufficient. - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - Credit score exceeds guidelines - 791 qualifying score is 10+ points > 700 requirement. |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 791 qualifying score is 10+ points > 700 requirement. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 791 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 552 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: The DTI of 19.40% is less than the Max CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 811. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 811 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 19.40 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 553 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDTER146: Terms/Guidelines: Missing lender's loan approval/underwriting form - Initial Clayton Comments: The 1008 in file is illegible - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 802 FICO exceeds program min by > 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. |
XXXXXX | XXXXXX | XXXXXX | 32.86 | 32.86 | XXXXXX | Cashout Refi | 802 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 554 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 779 score |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 779 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 44.95 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 555 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | B | D | B | A | A | A | A | D | B | D | B | A | A | A | A | (No Data) | (No Data) | CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: The file did not include an occupancy certificate. - Client/Seller Response Comments: BPA provided to clear. - Clayton Conclusion Comments: Condition satisfied. |
CRDTER4643: Terms/Guidelines: Borrower does not meet guideline requirements - Initial Clayton Comments: The borrower lives rent free with his XXXX. The file includes an exception approval for the borrower living rent free with is month and subject is a XXXX on a DSCR transaction. - Clayton Conclusion Comments: File includes an exception approval - Related Compensating Factors: - Good credit history - No derogatory information reflected on the credit profile. |
CFCFS2860: Good credit history - Clayton Comments: No derogatory information reflected on the credit profile. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 692 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 556 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years XXXX months at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash out proceeds of $XXXX exceed guideline reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO score of 695 exceed guidelines 620 |
XXXXXX | XXXXXX | XXXXXX | 65.00 | 65.00 | XXXXXX | Cashout Refi | 695 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 557 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: 54.73% LTV CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 810 FICO |
XXXXXX | XXXXXX | XXXXXX | 54.73 | 54.73 | XXXXXX | Cashout Refi | 810 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 558 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDCRMH193: Credit/Mtg History: Length of mortgage/rental history in file does not meet guideline requirement - Initial Clayton Comments: An exception approval is in the file for rent paid in cash and checks for XXXX month housing history. VOR is in the file. - Clayton Conclusion Comments: An exception approval is in the file |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 745 score CFCFS1744: DTI below guideline requirement - Clayton Comments: 10.29% DTI CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 745 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 10.29 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 559 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 759 mid score > min required of 740 CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 62.50%; guidelines allow 85%. CFCFS1736: Significant time at current residence - Clayton Comments: XXXX years at primary residence |
XXXXXX | XXXXXX | XXXXXX | 62.50 | 62.50 | XXXXXX | Purchase | 759 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 560 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 801. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXX months. CFCFS1744: DTI below guideline requirement - Clayton Comments: DSCR is 1.4482 CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV is 51.25%. |
XXXXXX | XXXXXX | XXXXXX | 51.25 | 51.25 | XXXXXX | Cashout Refi | 801 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 561 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 804 FICO CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 804 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 562 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 776. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of cash reserves. |
XXXXXX | XXXXXX | XXXXXX | 60.00 | 60.00 | XXXXXX | Cashout Refi | 776 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 563 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | (No Data) | (No Data) | CMPTRID3494: TILA/RESPA Integrated Disclosure: TRID - Loan Estimate Missing - Initial Clayton Comments: The Loan Estimate provided is incomplete and not legible. - Clayton Conclusion Comments: LE provided to cure CMPTRID3676: TILA/RESPA Integrated Disclosure: 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. - Initial Clayton Comments: Unable to validate figure on LE copies are incomplete and illegible. - Clayton Conclusion Comments: LE's and CD provided to cure CMPTRID3670: TILA/RESPA Integrated Disclosure: 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 - Initial Clayton Comments: Unable to validate figure on LE copies are incomplete and illegible. - Clayton Conclusion Comments: LE's and CD provided to cure CMPTRID3618: TILA/RESPA Integrated Disclosure: TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least XXXX business days prior to closing - Initial Clayton Comments: CD provided on file illegible and incomplete. - Clayton Conclusion Comments: CD provided to cure CMPTRID4579: TILA/RESPA Integrated Disclosure: TRID - CD: Missing Initial CD - Initial Clayton Comments: Initial CD missing from file - Clayton Conclusion Comments: LE's and CD provided to cure CRDTER146: Terms/Guidelines: Missing lender's loan approval/underwriting form - Initial Clayton Comments: The 1008 in the file is illegible. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 52.24%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 768 fico CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI (Back) of 27.06%. |
XXXXXX | XXXXXX | XXXXXX | 52.24 | 52.24 | XXXXXX | Purchase | 768 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 27.06 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 564 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Documentation provided to cure. CRDTER146: Terms/Guidelines: Missing lender's loan approval/underwriting form - Initial Clayton Comments: Provide a legible copy of the 1008 Transmittal Summary. - Clayton Conclusion Comments: Document provided to cure. CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: The Amortization Schedule is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 775 FICO exceeds program min by > 20 points. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 775 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 565 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 681 credit score exceeds minimum required CFCFS2854: Significant time in profession - Clayton Comments: Borrower has been in the same profession for the past XXXX years CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX verified cash reserves exceed minimum required |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 681 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 44.27 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 566 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | A | A | C | A | D | A | D | A | A | A | C | A | D | A | (No Data) | (No Data) | PRVAPROP177: Property: Property Issues Indicated - Initial Clayton Comments: Appraiser to correct FEMA flood zone from X to AE to match Flood Certificate - Clayton Conclusion Comments: Documentation provided to cure. CMPDOC191: Documentation: Missing Mortgage - Initial Clayton Comments: Missing Mortgage. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS2860: Good credit history - Clayton Comments: Borrower has XXXX months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 771 mid score > min required of 700 CFCFS5269: Minimal use of credit - Clayton Comments: Minimal usage of available revolving credit lines @ .XXXX% |
XXXXXX | XXXXXX | XXXXXX | 66.73 | 66.73 | XXXXXX | Purchase | 773 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 567 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months PITIA reserves exceeds minimum required CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has a credit line usage ratio of XXXX%. CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower is XXXXmonths current mortgage history reporting on the credit report. |
XXXXXX | XXXXXX | XXXXXX | 69.60 | 69.60 | XXXXXX | Cashout Refi | 670 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 568 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDTIL4871: Title: Missing Title Certification - Initial Clayton Comments: The loan file does not contain the warranty deed. - Clayton Conclusion Comments: Warranty Deed provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 787 fico |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 787 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 569 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | CRDCRMH193: Credit/Mtg History: Length of mortgage/rental history in file does not meet guideline requirement - Initial Clayton Comments: An exception approval is in the file for no primary housing history. Borrower is living rent free. - Clayton Conclusion Comments: An exception approval is in the file. |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of XXXX%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 768 qualifying score is 10+ points > 700 requirement. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 768 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 570 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDCRMH104: Credit/Mtg History: Credit score below guidelines - Initial Clayton Comments: Borrower FICO of 675 is below program min allowable of 680. Lender exception approval is on file. - Clayton Conclusion Comments: Lender exception approval is on file. - Related Compensating Factors: - Verified cash reserves exceed guidelines - XXXX reserves. - Significant time at current residence - Borrower has 9 years at current residence. - Minimal use of credit - Borrower has XXXX% revolving credit utilization. |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX reserves. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has 9 years at current residence. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Purchase | 675 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 571 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 797 FICO score exceed guideline score CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of XXXX months PITIA exceeds the required 6 months reserves CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Borrower is XXXX mortgage history reporting on the credit report. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 797 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 572 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | A | A | A | A | D | A | D | A | A | A | A | A | D | A | (No Data) | (No Data) | CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: RESPA: Required Affiliate Business Disclosure missing - Clayton Conclusion Comments: Invalid: Fired in error. CMPDOC3280: Documentation: One or more Applications in file are incomplete - Initial Clayton Comments: Provide a final 1003 for the loan file - Clayton Conclusion Comments: Final 1003 provided to cure. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrowers Fico of 769 is 89 points greater than the minimum required Fico of 680. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Rate and Term Refi | 769 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 35.54 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 573 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 806 fico CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years XXXX months at current residence. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 806 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 574 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDCRMH149: Credit/Mtg History: Missing support docs for VOM/VOR (e.g. cancelled checks) - Initial Clayton Comments: VOR for the borrower's primary residence is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 710 is 50 points above the 660 required. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of XXXX%. CFCFS1744: DTI below guideline requirement - Clayton Comments: 24.97% DTI is low. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 710 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 24.97 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 575 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | C | A | A | A | D | A | D | A | C | A | A | A | (No Data) | (No Data) | CRDAPP4625: Application: The orig file does not contain a third party fraud report - Initial Clayton Comments: Provide an automated fraud and tool check in the loan file for both borrowers. - Clayton Conclusion Comments: Documentation provided to cure. |
PRVAPROP177: Property: Property Issues Indicated - Initial Clayton Comments: Appraiser only provided one comparable property < XXXX mile from subject. Per guidelines at least XXXX comps should be included within XXXX mile. - Clayton Conclusion Comments: XXXX has approved the comps. |
CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 760 FICO CFCFS1744: DTI below guideline requirement - Clayton Comments: 18.23% DTI |
XXXXXX | XXXXXX | XXXXXX | 85.00 | 85.00 | XXXXXX | Purchase | 766 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 18.23 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 576 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDLGL1817: Legal Documents: Final HUD-1 is incomplete or illegible - Initial Clayton Comments: Final signed HUD-1 missing the Settlement Date on form. - Clayton Conclusion Comments: Documentation provided to cure. CRDLGL100: Legal Documents: Legal document incorrect or incomplete - Initial Clayton Comments: Missing addendum to Purchase and Sale Agreement reducing sales price from $XXXX to $XXXX. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 785. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves are $XXXX |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 785 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 577 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1740: Mortgage payment history exceeds guidelines - Clayton Comments: Mortgage payment history is XXXX months. CFCFS1744: DTI below guideline requirement - Clayton Comments: DSCR is 1.314. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 750. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 750 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 578 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | B | D | B | A | A | N/A | N/A | D | B | D | B | A | A | N/A | N/A | (No Data) | (No Data) | CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: The HOA statement or attestation that there is no HOA for Investment property XXXX is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - DTI below guideline requirement - 6.71% DTI is low. - Verified cash reserves exceed guidelines - Borrower has over XXXX months of Reserves. |
CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: An Exception Approval was placed in the loan file to allow formal appraisal review from XXXX - Clayton Conclusion Comments: Client Approved Exception via email. Copy in loan file. - Related Compensating Factors: - DTI below guideline requirement - 6.71% DTI is low. - Verified cash reserves exceed guidelines - Borrower has over XXXX months of Reserves. |
CFCFS1744: DTI below guideline requirement - Clayton Comments: 6.71% DTI is low. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Borrower has over XXXX months of Reserves. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 756 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 6.71 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 579 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 735 FICO |
XXXXXX | XXXXXX | XXXXXX | 85.00 | 85.00 | XXXXXX | Purchase | 735 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 33.10 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 580 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS2860: Good credit history - Clayton Comments: XXXX months CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXXmonths per CBR |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 791 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 581 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years and XXXX months at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 771 FICO exceeds program min by > 20 points. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 771 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 582 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has resided at the same residence for the past XXXX years and XXXX months CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 684 credit score exceeds minimum required CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX verified cash reserves exceed minimum required |
XXXXXX | XXXXXX | XXXXXX | 72.87 | 72.87 | XXXXXX | Rate and Term Refi | 684 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 583 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | CRDCRMH149: Credit/Mtg History: Missing support docs for VOM/VOR (e.g. cancelled checks) - Initial Clayton Comments: 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. - Clayton Conclusion Comments: An exception approval is in the file |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA is above minimum by more than 6 months. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 774 FICO score exceed guidelines score by 20 points |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 774 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 584 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 802 score CFCFS1737: LTV below guideline requirements - Clayton Comments: 69.64% LTV |
XXXXXX | XXXXXX | XXXXXX | 69.64 | 69.64 | XXXXXX | Cashout Refi | 802 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 45.38 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 585 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | C | B | A | A | C | B | A | A | C | B | A | A | C | B | A | A | (No Data) | (No Data) | (No Data) | PRVAPROP177: Property: Property Issues Indicated - Initial Clayton Comments: None of the comparables used in the appraisal report were exposed to the MLS. - Clayton Conclusion Comments: An exception was approved for the guideline deviation. |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX verified cash reserves exceed minimum required CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 817 credit score exceeds minimum required CFCFS1736: Significant time at current residence - Clayton Comments: Borrower resided at current residence for past XXXX years |
XXXXXX | XXXXXX | XXXXXX | 60.00 | 60.00 | XXXXXX | Purchase | 817 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 586 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: 7.08% DTI is low. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Reserves of XXXX months PITIA. CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrower has positive mortgage payment history reported on credit report XXXX |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 717 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 7.08 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 587 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 800 FICO exceeds the guideline score CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years XXXX months at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified reserves of XXXX months PITIA exceeds minimum reserves required. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 800 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 588 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 728 score CFCFS1744: DTI below guideline requirement - Clayton Comments: 18.48% DTI |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 728 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 18.48 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 589 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 761 qualifying score is 10+ points > 700 requirement. CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrower has positive mortgage payment history reported on credit report XXXX |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 761 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 590 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDTER5785: Terms/Guidelines: XXXX Delivery Restrictions -1 - Initial Clayton Comments: Per guidelines XXXXon XXXX loans must be used for business purposes only. Borrower is paying off personal debt with loan proceeds. - Clayton Conclusion Comments: Exception to pay off personal debt with loan proceeds approved by XXXX and in file. - Related Compensating Factors: - Significant time at current residence - XXXX years at primary residence - Positive mortgage payment history - Borrower has XXXX for 28 months. - Significant time in profession - B2: Borrower has been in same profession for XXXX years. |
CFCFS1736: Significant time at current residence - Clayton Comments: XXXX years at primary residence CFCFS1739: Positive mortgage payment history - Clayton Comments: Borrower has XXXX months. CFCFS2854: Significant time in profession - Clayton Comments: B2: Borrower has been in same profession for XXXX years. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 680 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 47.68 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 591 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | A | A | D | A | D | A | A | A | A | A | (No Data) | (No Data) | CRDINC2542: Income/Employment: Missing work authorization/VISA required for non-permanent resident aliens or foreign nationals - Initial Clayton Comments: The loan file does not contain employment authorization/visa required for non-perm resident aliens. - Clayton Conclusion Comments: XXXX has approved this. |
CRDAPP3822: Application: Missing or incomplete documentation related to citizenship/residency - Initial Clayton Comments: Per guidelines all borrowers must have a valid SSN, ITIN's are not allowed. - Clayton Conclusion Comments: XXXX has approved this. |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 704 fico |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 704 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 8.40 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 592 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1737: LTV below guideline requirements - Clayton Comments: LTV of 27.08%. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of cash reserves. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. |
XXXXXX | XXXXXX | XXXXXX | 27.08 | 27.08 | XXXXXX | Cashout Refi | 671 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 42.23 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 593 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | A | A | B | B | B | B | A | A | A | A | (No Data) | (No Data) | (No Data) | CRDTER4631: Terms/Guidelines: Loan parameters do not meet guidelines - Initial Clayton Comments: 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. - Clayton Conclusion Comments: Lender exception approval is on file. - Related Compensating Factors: - Positive mortgage payment history - XXXX month housing history. - Minimal use of credit - Borrower has XXXX% revolving credit utilization. - Credit score exceeds guidelines - 779 FICO exceeds program min by > 20 points. - Verified cash reserves exceed guidelines - XXXX months reserves. |
CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX month housing history. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 779 FICO exceeds program min by > 20 points. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. |
XXXXXX | XXXXXX | XXXXXX | 67.11 | 67.11 | XXXXXX | Cashout Refi | 779 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 594 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | (No Data) | (No Data) | CMPTRID5107: TILA/RESPA Integrated Disclosure: TRID - Seller CD not in file; need in order to complete fee entry - Initial Clayton Comments: The Seller CD was not located in the loan file. - Clayton Conclusion Comments: Seller CD provided to cure. CRDTER146: Terms/Guidelines: Missing lender's loan approval/underwriting form - Initial Clayton Comments: The 1008 in the file is illegible. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1744: DTI below guideline requirement - Clayton Comments: Qualifying DTI (Back) of 38.91%. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 730 FICO. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months of reserves. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 730 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 38.91 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 595 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves are $XXXX CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Credit score is 728. CFCFS1734: Borrower has significant time at current job - Clayton Comments: Borrower has been self-employed for XXXX years operating same business. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 728 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 43.87 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 596 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves CFCFS1741: Credit score exceeds guidelines - Clayton Comments: Qualifying FICO of 735. CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX- housing history |
XXXXXX | XXXXXX | XXXXXX | 66.53 | 66.53 | XXXXXX | Purchase | 735 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 597 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. |
XXXXXX | XXXXXX | XXXXXX | 69.81 | 69.81 | XXXXXX | Cashout Refi | 665 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 598 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: FICO score of 745 exceed guidelines of 720 CFCFS1742: Consumer credit history exceeds guidelines - Clayton Comments: Consumer credit history iXXXX0 in last XXXX months |
XXXXXX | XXXXXX | XXXXXX | 74.99 | 74.99 | XXXXXX | Rate and Term Refi | 745 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 599 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 770 Fico score exceeds the minimum Fico score by more than 20 points CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: The borrower has XXXX months in reserves |
XXXXXX | XXXXXX | XXXXXX | 63.49 | 63.49 | XXXXXX | Cashout Refi | 770 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 36.80 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 600 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | D | A | D | A | A | A | N/A | N/A | D | A | D | A | A | A | N/A | N/A | (No Data) | (No Data) | CRDINC3204: Income/Employment: Income Documentation Missing - Initial Clayton Comments: 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. - Client/Seller Response Comments: XXXX has agreed to clear based off the XXXX guides. - Clayton Conclusion Comments: cleared - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - DTI below guideline requirement - 13.62% DTI is low. CRDDTI2540: DTI: Missing verification of some or all components of non-subject PITI - Initial Clayton Comments: The Tax Certificate and HOA statement for the investment propertyXXXX, is missing from the loan file. The amounts given on the 1003 were used for calculations. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - DTI below guideline requirement - 13.62% DTI is low. CRDLGL988: Legal Documents: Loan File is Missing or Contains Insufficient Documentation for Basic Review - Initial Clayton Comments: An automated fraud and data tool check is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - DTI below guideline requirement - 13.62% DTI is low. CRDLGL4033: Legal Documents: Missing Legal Document(s) - Initial Clayton Comments: The Certificate of Good Standing for the borrower's business XXXX is missing from the loan file. - Clayton Conclusion Comments: Documentation provided to cure. - Related Compensating Factors: - Minimal use of credit - Borrower has low credit utilization of XXXX%. - DTI below guideline requirement - 13.62% DTI is low. |
(No Data) | CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has low credit utilization of XXXX%. CFCFS1744: DTI below guideline requirement - Clayton Comments: 13.62% DTI is low. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 779 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 13.62 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 601 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 783 score CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 783 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 602 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | CRDTER3262: Terms/Guidelines: Property issues indicated - Initial Clayton Comments: 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 Unit property sq ft at least XXXX per unit and no XXXX. - Clayton Conclusion Comments: An exception approval is in the file |
CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves CFCFS1737: LTV below guideline requirements - Clayton Comments: 64.62% LTV CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 781 score |
XXXXXX | XXXXXX | XXXXXX | 64.62 | 64.62 | XXXXXX | Cashout Refi | 781 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 603 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | B | D | A | A | A | D | B | D | B | D | A | A | A | D | B | (No Data) | (No Data) | CRDINC2302: Income/Employment: Missing Required Income Documentation - Initial Clayton Comments: The loan file is missing documents to support the borrower's qualifying income of $XXXX - Clayton Conclusion Comments: Documentation provided to cure. CMPTRID4579: TILA/RESPA Integrated Disclosure: TRID - CD: Missing Initial CD - Initial Clayton Comments: Initial CD missing from file - Clayton Conclusion Comments: Document provided to cure. CMPTRID3676: TILA/RESPA Integrated Disclosure: 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. - Initial Clayton Comments: Loan Estimates missing - Clayton Conclusion Comments: Loan Estimate uploaded to doc file satisfied exception CMPTRID3670: TILA/RESPA Integrated Disclosure: 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 - Initial Clayton Comments: Loan Estimates missing - Clayton Conclusion Comments: Loan Estimate uploaded to doc file satisfied exception CMPTRID3494: TILA/RESPA Integrated Disclosure: TRID - Loan Estimate Missing - Initial Clayton Comments: Loan Estimates missing - Clayton Conclusion Comments: Loan Estimate uploaded to doc file satisfied exception CMPRESPA2698: RESPA: RESPA - List of homeowners counseling organizations not in file - Initial Clayton Comments: List of homeowners counseling organizations not in file - Clayton Conclusion Comments: Document provided to cure. CMPRESPA863: RESPA: RESPA: Required Affiliate Business Disclosure missing - Initial Clayton Comments: Required Affiliate Business Disclosure missing - Clayton Conclusion Comments: Document provided to cure CRDINC3204: Income/Employment: Income Documentation Missing - Initial Clayton Comments: Provide the tax transcripts verifying the XXXX and XXXX income. - Client/Seller Response Comments: transcripts provided to clear - Clayton Conclusion Comments: Condition satisfied. |
(No Data) | CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: XXXX months reserves. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 816 FICO exceeds program min by >20 points CFCFS1744: DTI below guideline requirement - Clayton Comments: 33.26% DTI is below program max of 50%. CFCFS5269: Minimal use of credit - Clayton Comments: Borrower has XXXX% revolving credit utilization. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 816 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 33.26 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 604 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | B | B | B | B | A | A | N/A | N/A | B | B | B | B | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | CRDINC3204: Income/Employment: Income Documentation Missing - Initial Clayton Comments: Per guidelines properties listed for sale at time of application are ineligible; application date was XXXX and subject was removed from the market XXXX - Clayton Conclusion Comments: Exception for property being listed at the time of application approved by XXXX and in file. |
CFCFS1736: Significant time at current residence - Clayton Comments: XXXX yrs CFCFS1739: Positive mortgage payment history - Clayton Comments: XXXX months |
XXXXXX | XXXXXX | XXXXXX | 70.00 | 70.00 | XXXXXX | Cashout Refi | 695 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 605 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | N/A | N/A | A | A | A | A | A | A | N/A | N/A | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | XXXXXX | XXXXXX | XXXXXX | 85.00 | 85.00 | XXXXXX | Purchase | 700 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 39.40 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 606 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | XXXXXX | XXXXXX | XXXXXX | 60.93 | 60.93 | XXXXXX | Cashout Refi | 767 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 40.28 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 607 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | CRDDTI2540: DTI: Missing verification of some or all components of non-subject PITI - Initial Clayton Comments: Missing Lease for rental property located at XXXXr. - Client/Seller Response Comments: XXXX- Client uploaded new 1008. Exception satisfied - Clayton Conclusion Comments: XXXX- Exception Satisfied |
(No Data) | (No Data) | XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 810 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 39.03 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 608 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 721 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 19.62 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 609 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | XXXXXX | XXXXXX | XXXXXX | 45.05 | 45.05 | XXXXXX | Cashout Refi | 745 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 12.25 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 610 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | QM: Safe Harbor (APOR) | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | PRVAAPPR3116: Appraisal: Missing updated valuation - Initial Clayton Comments: Provide updated valuation to support loan amount of $XXXX - Client/Seller Response Comments: XXXX- client provided desk review by collateral analytics; XXXX% variance; exception Satisfied - Clayton Conclusion Comments: XXXX- Exception Satisfied |
(No Data) | (No Data) | XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 702 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 7.09 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 611 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | (No Data) | XXXXXX | XXXXXX | XXXXXX | 63.42 | 63.42 | XXXXXX | Cashout Refi | 690 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 612 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | CRDTER3122: Terms/Guidelines: Loan documents do not meet guideline requirements - Initial Clayton Comments: XXXX is a guarantor, missing guaranty form required by the guideline - Client/Seller Response Comments: XXXX- Client provided loan personal guaranty. Exception satisfied - Clayton Conclusion Comments: XXXX- Exception Satisfied |
(No Data) | (No Data) | XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Cashout Refi | 747 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 613 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | Non-QM: Lender documented all ATR UW factors | D | A | D | A | A | A | D | A | D | A | D | A | A | A | D | A | (No Data) | (No Data) | CMPTRID4579: TILA/RESPA Integrated Disclosure: TRID - CD: Missing Initial CD - Initial Clayton Comments: The initial CD was not provided or is illegible. Please provide a legible copy of the initial CD. - Clayton Conclusion Comments: Initial CD uploaded satisfies exception CMPTRID3626: TILA/RESPA Integrated Disclosure: TRID - CD: Loan consummated before end of waiting period - Initial Clayton Comments: The initial CD was not provided or is illegible. Please provide a legible copy of the initial CD. - Clayton Conclusion Comments: Initial CD uploaded satisfies exception CMPTRID3618: TILA/RESPA Integrated Disclosure: TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least XXXX business days prior to closing - Initial Clayton Comments: The initial CD was not provided or is illegible. Please provide a legible copy of the initial CD. - Clayton Conclusion Comments: Initial CD uploaded satisfies exception CRDTER146: Terms/Guidelines: Missing lender's loan approval/underwriting form - Initial Clayton Comments: The 1008 in the file is illegible. - Clayton Conclusion Comments: Documentation provided to cure. |
(No Data) | CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 699 score vs 660 required. CFCFS1744: DTI below guideline requirement - Clayton Comments: 44.06% DTI vs 50% allowed. CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. |
XXXXXX | XXXXXX | XXXXXX | 80.00 | 80.00 | XXXXXX | Purchase | 699 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 44.06 | XXXXXX | XXXXXX | Complete | XXXXXX |
| 614 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | ATR/QM: Exempt | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | A | (No Data) | (No Data) | (No Data) | (No Data) | CFCFS1736: Significant time at current residence - Clayton Comments: Borrower has XXXX years at current residence. CFCFS1731: Verified cash reserves exceed guidelines - Clayton Comments: Verified cash reserves of XXXX months PITIA. CFCFS1741: Credit score exceeds guidelines - Clayton Comments: 783 FICO score. |
XXXXXX | XXXXXX | XXXXXX | 75.00 | 75.00 | XXXXXX | Purchase | 783 | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | XXXXXX | 0.00 | XXXXXX | XXXXXX | Complete | XXXXXX |
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