|
Client Name:
|
Redwood Trust
|
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|
Client Project Name:
|
SEMT 2026-INV3
|
|||
|
Start - End Dates:
|
4/5/2022 - 4/8/2026
|
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|
Deal Loan Count:
|
194
|
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|
Waived Conditions Summary
|
||||
|
Review Scope
|
Category
|
Code
|
Description
|
Count
|
|
Credit
|
Terms/Guidelines
|
CRDTER2548
|
Missing AUS or AUS errors present
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER3490
|
Missing Patriot Act form
|
1
|
|
Credit
|
Terms/Guidelines
|
CRDTER4631
|
Loan parameters do not meet guidelines
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH104
|
Credit score below guidelines
|
1
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH183
|
Credit report incomplete
|
2
|
|
Credit
|
Credit/Mtg History
|
CRDCRMH193
|
Length of mortgage/rental history in file does not meet guideline requirement
|
2
|
|
Credit
|
DTI
|
CRDDTI2540
|
Missing verification of some or all components of non-subject PITI
|
1
|
|
Credit
|
Income/Employment
|
CRDINC2408
|
Income verification does not meet guidelines
|
2
|
|
Credit
|
Income/Employment
|
CRDINC2488
|
Verbal verification of employment missing
|
4
|
|
Credit
|
Insurance
|
CRDINSR289
|
Insufficient Hazard Insurance Coverage
|
1
|
|
Credit
|
Insurance
|
CRDINSR5351
|
Insurance Effective date is greater than the transaction date
|
3
|
|
Credit
|
Assets
|
CRDAST2670
|
Asset documentation is insufficient per guideline requirements
|
1
|
|
Property Valuations
|
FEMA
|
PRVAFEMA856
|
Natural Disaster Area, no subsequent inspection (Public)
|
2
|
|
Property Valuations
|
Appraisal
|
PRVAAPPR100
|
Missing Appraisal
|
11
|
|
Property Valuations
|
Appraisal
|
PRVAAPPR169
|
Appraisal includes one or more issue(s)
|
1
|
|
Property Valuations
|
Appraisal
|
PRVAAPPR3116
|
Missing updated valuation
|
1
|
|
Property Valuations
|
Appraisal
|
PRVAAPPR4789
|
Appraisal Deficiency
|
1
|
|
Property Valuations
|
Appraisal
|
PRVAAPPR5454
|
Loan File contains Property Inspection Waiver (PIW)/AW
|
10
|
|
Compliance
|
TILA/RESPA Integrated Disclosure
|
CMPTRID3618
|
TRID - Corrected CD should have been provided; Change of Product or Product Feature not disclosed at least 3 business days prior to
closing
|
1
|
|
Compliance
|
TILA/RESPA Integrated Disclosure
|
CMPTRID3626
|
TRID - CD: Loan consummated before end of waiting period
|
1
|
|
Compliance
|
TILA/RESPA Integrated Disclosure
|
CMPTRID3676
|
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 60 days of consummation.
|
1
|
|
Total
|
49
|
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|
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and the party for which it was prepared. Any use not expressly authorized by such agreement, including reliance on this report by anyone other than such party, is prohibited.
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