MORGAN STANLEY CAPITAL I INC ABS-15G
Exhibit 99.2 - Schedule 1
Exception Grades
Run Date - 5/6/2026 12:39:27 PM
| SitusAMC Loan ID | Customer Loan ID | Seller Loan ID | Investor Loan Number | Loan Exception ID | Exception ID | Exception Date | Exception Type | Exception Category | Exception Subcategory | 15E Category | Exception | Exception Detail | Exception Information | Compensating Factors | Compensating Factor Information | Applying Party | Follow-up Comments | Cleared Date | Cured Date | Waived Date | Exception Level Grade | DBRS Initial Exception Rating | DBRS Final Exception Rating | Fitch Initial Exception Rating | Fitch Final Exception Rating | Kroll Initial Exception Rating | Kroll Final Exception Rating | Moody's Initial Exception Rating | Moody's Final Exception Rating | S&P Initial Exception Rating | S&P Final Exception Rating | Note Date | Property State | Occupancy | Purpose | Exception Remediation | Overall Initial Loan Grade |
Overall Final Loan Grade |
Credit Initial Loan Grade |
Credit Final Loan Grade |
Compliance Initial Loan Grade |
Compliance Final Loan Grade |
Property Initial Loan Grade |
Property Final Loan Grade |
Originator QM ATR Status | TPR QM ATR Status | Is Curable |
| [Redact] | 9136026 | [Redact] | 33471685 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Final fully executed and complete HUD not provided. | Reviewer Comment (2025-05-21): Final settlement statement provided Seller Comment (2025-05-20): HUD uploaded |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 9136026 | [Redact] | 33471805 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | Reserves verified are short to meet the [Redacted] month PITIA requirement. The PITIA was calculated as $[Redacted], which is higher than the lender's tape value due to the lender excluded the supplemental taxes of $[Redacted] per month. $[Redacted] ([Redacted] months( is required and only $[Redacted] ([Redacted]months) was verified. | Reviewer Comment (2025-05-21): Received Bank Statements. Exception Cleared. Seller Comment (2025-05-20): Docs Seller Comment (2025-05-20): updated bank statemetns uploaded |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 9136026 | [Redact] | 33471807 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | Reserves verified are short to meet the [Redacted] month PITIA requirement. The PITIA was calculated as $[Redacted], which is higher than the lender's tape value due to the lender excluded the supplemental taxes of $[Redacted] per month. $[Redacted] ([Redacted] months( is required and only $[Redacted] ([Redacted] months) was verified. | Reviewer Comment (2025-05-21): Received Bank Statements. Exception Cleared. Seller Comment (2025-05-20): Updated statements uploaded |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 9136026 | [Redact] | 33471891 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reserves verified are short to meet the [Redacted] month PITIA requirement. The PITIA was calculated as $[Redacted], which is higher than the lender's tape value due to the lender excluded the supplemental taxes of $[Redacted] per month. $[Redacted] ([Redacted] months( is required and only $[Redacted] ([Redacted] months) was verified. | Reviewer Comment (2025-05-21): Received Bank Statements. Exception Cleared. Seller Comment (2025-05-20): Bank statements uplaoded |
05/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 9136026 | [Redact] | 33474335 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. | The difference is due to the lender qualified with a less PITIA than verified in file. The PITIA was calculated as $[Redacted], which is higher than the lender's tape value due to the lender excluded the supplemental taxes of $[Redacted] per month. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. |
Reserves: [Redacted] > [Redacted]m required LTV: [Redacted]% < [Redacted]% max |
[Redact],Aggregator [Redact] |
Reviewer Comment (2025-06-09): Client elected to waive the condition with the following Comp Factors: Reserves: [Redacted] > [Redacted] required LTV: [Redacted]% < [Redacted]% max Reviewer Comment (2025-05-29): Elevated to the client for review for a possible exception Seller Comment (2025-05-28): Waive off request: Can we please waive off using the below comp factors experienced borrower with [Redacted]+ FICO, [Redacted] mortgages on credit report with no DQs, [Redacted] properties on their SREO Reviewer Comment (2025-05-23): Additional copies of the bank statements previously received were provided. This will not clear the DSCR condition. Condition remains Seller Comment (2025-05-22): Bank statements uploaded |
06/09/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||
| [Redact] | 9136026 | [Redact] | 33497332 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Final settlement statement provided and funds required to close were $[Redacted]. The assets verified were not sufficient to meet the reserve requirements. The reserves are short $[Redacted]. Note: the final settlement statement verified deposits of $[Redacted] and $[Redacted]; however the source of these deposits and proof of receipt of these funds were not documented in file. | Reviewer Comment (2025-05-30): Additional assets and access to the funds provided Seller Comment (2025-05-29): Operating agreemment uploaded Seller Comment (2025-05-29): Bank statements uplaoded Reviewer Comment (2025-05-29): The deposits on the bank statements are not being analyzed. The Final Settlement Statement identified deposits to escrow of $[Redacted] and $[Redacted] were made. These were included in the cash from the borrower. As a result of the cash from the borrower at closing, there are insufficient assets verified for reserves. The condition is valid and remains open Seller Comment (2025-05-28): This is a refinance. we dont need to verify small deposit amounts per our guidelines. Deposits under [Redacted] are not flagged. As you can see on the [Redacted] bank statement there are numerous inflows and outflows of [Redacted] and [Redacted] amounts. We are not doing bank statement loans. We are doing DSCR loans |
05/30/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||||||||
| [Redact] | 9166195 | [Redact] | [Redact] | 33473969 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-06-10): Waived on Rate Lock: Collateral cleared by Custodian |
06/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9251955 | [Redact] | [Redact] | 34197819 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-09-03): Waived on Rate Lock: Collateral cleared by Custodian |
09/03/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9251955 | [Redact] | [Redact] | 34279895 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae [Redacted] [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). | Reviewer Comment (2025-08-25): Client elected to waive the condition on the Non-QM 1st lien |
08/25/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 9251955 | [Redact] | [Redact] | 34282201 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant three [Redacted] business days prior to consummation. | Reviewer Comment (2025-11-03): Client elected to waive the condition Reviewer Comment (2025-10-30): Elevated to the client for review. [Redacted] condition due to the revised appraisal has been provided, but not at least three [Redacted]business days prior to closing. Loan is considered HPML Compliant. Seller Comment (2025-10-28): Please see Attestation letter and proof of delivery from the Borrower |
11/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9251955 | [Redact] | [Redact] | 34282202 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant three [Redacted] business days prior to consummation. | Reviewer Comment (2025-11-03): Client elected to waive the condition Reviewer Comment (2025-10-30): Elevated to the client for review. [Redacted] condition due to the revised appraisal has been provided, but not at least three [Redacted]business days prior to closing. Loan is considered HPML Compliant. Seller Comment (2025-10-28): Please see Attestation letter and proof of delivery from the Borrower |
11/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9388183 | [Redact] | [Redact] | 34360451 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-26): Waived on Rate Lock: Collateral cleared by Custodian |
11/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Refinance - Rate/Term | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9388183 | [Redact] | [Redact] | 35024448 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[Redacted]. Provide updated policy reflecting minimum coverage of $[Redacted] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2025-11-24): RCE received Seller Comment (2025-11-21): [Redacted] [Redacted]: See attached RCE |
11/24/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Refinance - Rate/Term | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9388183 | [Redact] | [Redact] | 35024453 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae [Redacted] [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted]vs. an investor allowable total of $[Redacted] (an overage of $[Redacted]or .[Redacted]%). | Fannie Mae Points and Fees exceed allowable threshold by $[Redacted] or [Redacted]%. | Reviewer Comment (2025-11-20): Client elected to waive the condition on the Non-QM 1st lien |
11/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Second Home | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9388183 | [Redact] | [Redact] | 35024455 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted] Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-11-20): Sufficient Cure Provided At Closing |
11/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Refinance - Rate/Term | Final CD evidences Cure | C | B | C | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 9502505 | [Redact] | [Redact] | 34434095 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-04): Waived on Rate Lock: Collateral cleared by [Redacted] Seller Comment (2025-11-03): The collateral was delivered [Redacted] at [Redacted]via [Redacted] #[Redacted]. |
11/04/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9502522 | [Redact] | [Redact] | 34443421 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-11-24): Note tracking [Redacted] |
11/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9502522 | [Redact] | [Redact] | 35026951 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: Investor qualifying total debt ratio discrepancy. | The lender excluded the [Redacted] there was only documentation provided for#[Redacted] a [Redacted] month pay history paid by the [Redacted] however, there was no documentation provided for #[Redacted], #[Redacted], #[Redacted]Please provide a payment history for each account as all accounts is on the borrower's credit report. | Reviewer Comment (2025-12-22): Proof provided verifying the businesses pay the debts Seller Comment (2025-12-18): The written confirmation did not come from the borrower as our borrower is not [Redacted]. This confirmation came directly from the credit union that holds the notes for these loans. Reviewer Comment (2025-12-18): Received written confirmation from borrower. But as per guideline required bank statement / Cancelled check or pay history to verify payment made by other party or [Redacted]. Exception Remains. Seller Comment (2025-12-17): Written confirmation borrower is not personally responsible for the payments Reviewer Comment (2025-12-09): The borrower is a guarantor for the mortgages and the history is identified on the borrower's credit report. In order to exclude the payments, proof the payments are made by another party are required. Condition remains Seller Comment (2025-12-05): Why is a pay history needed when the debt is not in the borrower's name. Fannie guidelines require this if the debt is in the borrower's name but we have evidenced the borrower is not responsible for this liability Reviewer Comment (2025-12-03): As per [Redacted] guideline follow Fannie Mae guideline. Required bank statement / Cancelled check or pay history to verify payment made by other party. Exception Remains. Seller Comment (2025-12-01): Please advise where this is posted in the guidelines. Please provide link to the specific guidelines as well to ensure we are looking at the same ones. Reviewer Comment (2025-11-28): As per guideline, bank statement or pay history required to verify payment by [Redacted]. Exception Remains. Seller Comment (2025-11-25): The notes are not in the borrowers name and not personally liable for these debts. |
12/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9502522 | [Redact] | [Redact] | 35029298 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | the loan is failing ATR due to the DTI being over [Redacted]% there is [Redacted] loans that the borrower's [Redacted] pays, however proof was only provided for [Redacted] out of the [Redacted] loans. | Reviewer Comment (2025-12-22): Proof provided verifying the businesses pay the debts |
12/22/2025 | 1 | B | A | C | A | B | A | C | A | B | A | [Redact] | Second Home | Purchase | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9502522 | [Redact] | [Redact] | 35029299 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | the loan is failing ATR due to the DTI being over [Redacted]% there is [Redacted] loans that the borrower's [Redacted] pays, however proof was only provided for [Redacted] out of the [Redacted] loans. | Reviewer Comment (2025-12-22): Proof provided verifying the businesses pay the debts |
12/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 9502522 | [Redact] | [Redact] | 35029300 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General ATR Provision Investor and Non QM DTIs match and both significantly exceed Guidelines | Ability to Repay (Dodd-Frank 2014): The DTI calculated in accordance with the Lenders Guidelines and [Redacted](c)(5) of [Redacted]% significantly exceeds the guideline maximum of [Redacted]%. (DTI Exception requires compelling compensating factors to consider regrading to [Redacted].) | the loan is failing ATR due to the DTI being over [Redacted]% there is [Redacted] loans that the borrower's [Redacted] pays, however proof was only provided for [Redacted] out of the [Redacted] loans. | Reviewer Comment (2025-12-22): Proof provided verifying the businesses pay the debts |
12/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 9603405 | [Redact] | [Redact] | 34515488 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-20): Waived on Rate Lock: Collateral cleared by Custodian |
02/20/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9603405 | [Redact] | [Redact] | 35069612 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-11-25): Sufficient Cure Provided At Closing |
11/25/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 9606155 | [Redact] | [Redact] | 34524398 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-12-31): (Rate Lock)[Redacted] |
01/05/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9606155 | [Redact] | [Redact] | 35311619 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | HOA Error: HOA dues not provided. | Per the final [Redacted] and other docs in file, there are HOA dues of $[Redacted]/month on the subject. The appraisal did not identify the dues and the file was missing documentation to confirm the monthly amount. | Reviewer Comment (2026-01-27): Updated 1008 and 1003 provided; HOA dues verified with docs from original file. Seller Comment (2026-01-26): Attached updated 1003 and 1008 along with a Cert from the Broker. Per the broker they could not obtain a divided invoice, it has been updated to meet the monthly dues of $[Redacted]. Please Clear. Reviewer Comment (2026-01-15): The rebuttal amounts do not add up. The Master HOI policy premium is $[Redacted], the Master Common Policy premium is $[Redacted], and the Master Flood Policy is $[Redacted], for a total of $[Redacted]. If divided equally between the two units of the project, the monthly dues is $[Redacted] and not the $[Redacted] used to qualify. Provide additional documentation, Condo by-laws, HOA questionnaire, etc. to verify the monthly HOA dues. Condition remains Seller Comment (2026-01-15): Documentation evidencing the subject property HOA dues is included in the file. Page [Redacted] of [Redacted] reflects the attached PDF confirming the monthly HOA dues of $[Redacted], which represents one-half of the combined master flood insurance premium ($[Redacted]) and master insurance premium ($[Redacted]) totaling $[Redacted] ÷ [Redacted] = $[Redacted] for the subject unit. The subject is one-half of a [Redacted]-unit condo, and due to the absence of a divided bill, the borrower was assessed the full combined monthly amount. Supporting master insurance and flood invoices are provided. Please Cancel. |
01/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 9610554 | [Redact] | [Redact] | 34541291 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-21): Waived on Rate Lock: Collateral cleared by Custodian |
11/21/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9610723 | [Redact] | [Redact] | 34542061 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-06): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-11-04): Collateral delivered on [Redacted] via [Redacted] tracking number [Redacted]1. |
11/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9610723 | [Redact] | [Redact] | 34837166 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[Redacted]. Provide updated policy reflecting minimum coverage of $[Redacted] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Miscellaneous Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Miscellaneous Miscellaneous |
Client elects to waive with compensating factors: LTV [Redacted]% where [Redacted]% is maximum. Client elects to waive with compensating factors: Mortgage payment history: [Redacted] years timely payments including managing multiple mortgages Client elects to waive with compensating factors: Property management experience: Subject owned since [Redacted] |
Originator Pre-Close,Aggregator [Redact] Originator Pre-Close,Aggregator Originator Pre-Close,Aggregator |
Reviewer Comment (2026-02-19): Client elects to waive with compensating factors: Mortgage payment history: [Redacted] years timely payments including managing multiple mortgages, Property management experience: Subject owned since [Redacted] and LTV [Redacted]% where [Redacted]% is maximum. Seller Comment (2026-02-17): Please see attached claims letter from [Redacted] to [Redacted]. One claim on the policy from [Redacted]. Seller Comment (2026-02-17): claims letter Reviewer Comment (2026-02-04): Elevated to the client for review. HOI coverage in effect at closing was insufficient. Borrower obtained updated policy with sufficient coverage; however the coverage is required to be sufficient at or prior to closing. Seller provided a letter from the insurance company verifying no claims have been filed from the creation of the new policy. Seller Comment (2026-02-04): Please see attached no claims letter showing there were no claims prior to the new policy. Reviewer Comment (2026-01-07): Verifying sufficient coverage at or prior to closing is the only documentation that will clear the condition. Condition is valid and remains open Seller Comment (2026-01-07): Please verify what you will accept to clear this one. Reviewer Comment (2026-01-06): Updated policy provided verifying sufficient coverage; however the condition remains open as there was not sufficient coverage verified at or prior to closing. Seller Comment (2026-01-06): Please see attached policy. Reviewer Comment (2025-11-06): The GSE method was used to determine the coverage requirement. The appraisal identified the Total Estimate of Cost New as $[Redacted] and [Redacted]% of this value is identified as insured value. Coverage of at least $[Redacted] is required. The insurance is insufficient by $[Redacted]. Provide a copy of the replacement cost estimator from the insurance company, a revised policy/dec page with increased coverage, or documentation from the insurance company verifying the policy has Guaranteed Replacement cost coverage. Condition Remains. Seller Comment (2025-11-04): Please see attached processor cert. |
02/19/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | ||||||||
| [Redact] | 9389636 | [Redact] | 34543497 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Other Includes Insurance Costs | TILA-RESPA Integrated Disclosure - Projected Payments Estimated Taxes, Insurance, & Assessments: Final Closing Disclosure provided on [Redacted] disclosed whether insurance is included in escrow in incorrect section. Creditor disclosed insurance cost to consumer in "Other" section where regulation requires insurance to be disclosure under "Homeowner's Insurance" section. Disclosure requirement met, non-material exception for incorrect format/placement. | Buyer Comment (2025-08-29): seller accepts; no change to grading. |
08/29/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | Good Faith Redisclosure | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||||
| [Redact] | 9689588 | [Redact] | [Redact] | 34603232 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-06): Waived on Rate Lock: Collateral cleared by Custodian |
11/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9689674 | [Redact] | [Redact] | 34604322 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-10-23): Waived on Rate Lock: Collateral cleared by [Redacted] |
10/23/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9689674 | [Redact] | [Redact] | 34755341 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae [Redacted] [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2025-10-20): Client elected to waive the condition on the [Redacted] |
10/20/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 9689674 | [Redact] | [Redact] | 34755344 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Origination Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Loan Origination Fee was not disclosed on Loan Estimate. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-11-07): [Redacted] Received Valdi COC dated [Redacted] Seller Comment (2025-11-06): Discount points on [Redacted] initial CD disclosed at $[Redacted]. On [Redacted] The underwriter conditioned the loan to flip products due to not meeting [Redacted] investor requirements of opened accounts. UW comment and cofc attached. This change increased the loan level pricing adjusters and final price to $[Redacted] disclosed on [Redacted] CD. The rate changed several times after that but went back to [Redacted]% on [Redacted] and discount points back at $[Redacted]. In order to lower discount points back to what was previously disclosed, the compensation was flipped to borrower paid making discount points $[Redacted], and giving a lender credit of $[Redacted] on [Redacted]. Seller Comment (2025-11-06): Discount points on [Redacted] initial CD disclosed at $[Redacted]. On [Redacted] The underwriter conditioned the loan to flip products due to not meeting yellow investor requirements of opened accounts. UW comment and cofc attached. This change increased the loan level pricing adjusters and final price to $[Redacted] disclosed on [Redacted] CD. The rate changed several times after that but went back to [Redacted]% on [Redacted] and discount points back at $[Redacted]. In order to lower discount points back to what was previously disclosed, the compensation was flipped to borrower paid making discount points $[Redacted], and giving a lender credit of $[Redacted] on [Redacted]. |
11/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9689674 | [Redact] | [Redact] | 34755345 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Credit Report Fee was last disclosed as $[Redacted] on LE but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-11-07): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Seller Comment (2025-11-06): Why is this escalated to seller? Please clear finding. Reviewer Comment (2025-10-24): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Seller Comment (2025-10-23): [Redacted] [Redacted]: A tolerance credit in the amount of $[Redacted] for the credit report fee was reflected on the final Closing Disclosure |
11/07/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9689674 | [Redact] | [Redact] | 34933093 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-11-07): Sufficient Cure Provided At Closing |
11/07/2025 | 1 | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [Redact] | 9500006 | [Redact] | 34696302 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Reviewer Comment (2025-11-06): Received Hazard Insurance Policy. Exception Cleared. Seller Comment (2025-11-04): Updated insurance uploaded |
11/06/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 9732141 | [Redact] | [Redact] | 34676624 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-11-21): (Rate Lock) [Redacted] |
11/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9732141 | [Redact] | [Redact] | 34966166 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). | Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or .[Redacted]%). | Reviewer Comment (2025-11-13): Client elected to waive the condition on the Non-QM 1st lien |
11/13/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9732141 | [Redact] | [Redact] | 34966167 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Title - Settlement / Closing / Escrow Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Title - Settlement Fee was last disclosed as $[Redacted] on LE but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-11-19): [Redacted] received SSPL and the fee is within tolerance limit. Seller Comment (2025-11-18): (Rate Lock) LOE |
11/19/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9735279 | [Redact] | [Redact] | 34693321 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-06): Waived on Rate Lock: Collateral cleared by Custodian |
11/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9735279 | [Redact] | [Redact] | 34858208 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Provide a copy of the final title policy or an addendum to the report verifying title insurance of at least the loan amount. | 11/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9735279 | [Redact] | [Redact] | 34858233 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: [Redacted]Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal Fee was last disclosed as $[Redacted] on LE but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2025-10-31): Sufficient Cure Provided At Closing |
10/31/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9735280 | [Redact] | [Redact] | 34693334 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-20): Waived on Rate Lock: Collateral cleared by Custodian |
11/20/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | C | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 9735280 | [Redact] | [Redact] | 34962770 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing in file | Reviewer Comment (2025-11-14): Received E-sign Consent Agreement. Exception Cleared. Seller Comment (2025-11-13): [Redacted] [Redacted]: Please see the attached // |
11/14/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| [Redact] | 9735280 | [Redact] | [Redact] | 34962838 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three [Redacted] business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least three [Redacted] business days prior to closing. | 11/12/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | C | B | C | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| [Redact] | 9735280 | [Redact] | [Redact] | 34962869 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Replacement cost estimator was not provided or extend dwelling coverage was not reflected on policy. Coverage is insufficient by $[Redacted]. | Reviewer Comment (2025-11-18): Received replacement cost estimator. Exception Cleared. Seller Comment (2025-11-14): [Redacted] - [Redacted]: Please see the attached letter confirming a replacement cost of $[Redacted]. |
11/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| [Redact] | 9769238 | [Redact] | [Redact] | 34702406 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-12-08): Waived on Rate Lock: Collateral cleared by Custodian |
12/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 9802895 | [Redact] | [Redact] | 34723858 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-10): Waived on Rate Lock: Collateral cleared by Custodian |
11/10/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9802895 | [Redact] | [Redact] | 34860908 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | The Corporate Resolution is missing in the file. | Reviewer Comment (2025-11-13): Received operating agreement. Exception Cleared. Seller Comment (2025-11-12): [Redacted] - [Redacted]: Please see the attached operating agreement. Reviewer Comment (2025-11-11): Required operating agreement to clear this condition. Exception Remains. Seller Comment (2025-11-10): [Redacted] - [Redacted]: Please see attached. |
11/13/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 9802898 | [Redact] | [Redact] | 34723859 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-26): Waived on Rate Lock: Collateral cleared by Custodian |
01/26/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| [Redact] | 9802898 | [Redact] | [Redact] | 35446970 | Compliance | Compliance | State Compliance | State Defect | [Redact] SB270 Prepayment Penalty Test 2009 Investment Test | [Redacted]: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Reviewer Comment (2026-02-10): Client elected to waive the condition. Note: it is the client's interpretation that prepayment penalty in [Redacted] is allowable under law. Seller Comment (2026-02-05): Hey team, do we have any updates on this one? Reviewer Comment (2026-01-14): Elevated to the client for review Seller Comment (2026-01-13): [Redacted]: Disagree, [Redacted]. Code, Comm. Law §[Redacted](d) a prepayment charge or penalty may be charged on a prepayment of the unpaid principal balance of the loan, if the loan is secured by a home, provided that the charge or penalty: [Redacted] may be imposed only on prepayments made within three years from the date the loan is made |
02/10/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| [Redact] | 9804552 | [Redact] | [Redact] | 34727336 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-26): Waived on Rate Lock: Collateral cleared by Custodian |
11/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9804552 | [Redact] | [Redact] | 35038827 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy effective date is after the funds disbursed. | Hazard Insurance Policy Effective Date is after the note date. | Reviewer Comment (2025-12-01): Updated HOI provided with an earlier effective date Seller Comment (2025-11-25): Hazard Insurance effective [Redacted], same as closing date |
12/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9804809 | [Redact] | [Redact] | 34727542 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-11-21): (Rate Lock) Note delivered [Redacted] via [Redacted] [Redacted] |
11/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 9805611 | [Redact] | [Redact] | 34736979 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-12-24): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-12-18): (Rate Lock) note tracking |
12/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9805611 | [Redact] | [Redact] | 35174529 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided | Loan Underwriting and Transmittal Summary (1008) not provided. | Reviewer Comment (2025-12-11): 1008 received Seller Comment (2025-12-10): (Rate Lock) final CD, tolerance cure breakdown, 1008 |
12/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9805611 | [Redact] | [Redact] | 35174929 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | [Redacted]% tolerance was exceeded by $[Redacted] due to increase of Recording Fees. No valid COC provided, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-12-10): [Redacted]: Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception. Seller Comment (2025-12-10): (Rate Lock) final CD, tolerance cure breakdown, 1008 |
12/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9805611 | [Redact] | [Redact] | 35174930 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA/Condo Questionnaire. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted] [Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | HOA/Condo Questionnaire was last disclosed as $[Redacted] on LE but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-12-10): [Redacted] : Sufficient cure provided. Full cure amount for tolerance violation was provided at closing (on final CD) resulting in a cleared exception. Seller Comment (2025-12-10): (Rate Lock) final CD, tolerance cure breakdown, 1008 |
12/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9805611 | [Redact] | [Redact] | 35198635 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-12-10): Sufficient Cure Provided At Closing |
12/10/2025 | 1 | A | A | A | A | A | [Redact] | Second Home | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [Redact] | 9805611 | [Redact] | [Redact] | 35198636 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for HOA/Condo Questionnaire. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-12-10): Sufficient Cure Provided At Closing |
12/10/2025 | 1 | A | A | A | A | A | [Redact] | Second Home | Purchase | Final CD evidences Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [Redact] | 9805611 | [Redact] | [Redact] | 35288620 | Credit | Collateral | Missing/Incorrect | Collateral | Collateral report shows issues with Note. | Monthly P&I does not agree with Schedule : [Redacted] NOTE:[Redacted] | Buyer Comment (2025-12-24): Waived on Rate Lock: Collateral cleared by Custodian |
12/24/2025 | 1 | A | A | A | A | A | [Redact] | Second Home | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||||||
| [Redact] | 9808467 | [Redact] | [Redact] | 34754470 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-06): Waived on Rate Lock: Collateral cleared by Custodian |
11/06/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9808467 | [Redact] | [Redact] | 34852053 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $[Redacted]is less than the note amount of $[Redacted] based on the Commitment in file. | 11/04/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 9808467 | [Redact] | [Redact] | 34853592 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | The Corporate Resolution is missing in the file. Per guidelines, for multi-member entities (i.e. [Redacted] or more owners) where only one member is a borrower on the loan, a Corporate Resolution must be obtained. |
Reviewer Comment (2025-11-17): Corporate resolution provided Seller Comment (2025-11-13): [Redacted] [Redacted]: See attached corporate resolution |
11/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 9809102 | [Redact] | [Redact] | 34764087 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-26): Waived on Rate Lock: Collateral cleared by Custodian |
11/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9809508 | [Redact] | [Redact] | 34765658 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-26): Waived on Rate Lock: Collateral cleared by Custodian |
11/26/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 9809561 | [Redact] | [Redact] | 34771782 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-26): Waived on Rate Lock: Collateral cleared by Custodian |
01/26/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9809561 | [Redact] | [Redact] | 35289377 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The commitment title report in file disclosed $[Redacted] of title insurance Coverage; however, this is less than the loan amount of $[Redacted] | 12/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Second Home | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9809561 | [Redact] | [Redact] | 35289466 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2025-12-23): Client elected to waive the condition on the Non-QM [Redacted] lien |
12/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Second Home | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 9809561 | [Redact] | [Redact] | 35289470 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-12-22): Sufficient Cure Provided At Closing |
12/22/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9809561 | [Redact] | [Redact] | 35300103 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three [Redacted] business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 12/23/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Second Home | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9844513 | [Redact] | [Redact] | 34781538 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-12-30): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-12-26): (Rate Lock) [Redacted] |
12/30/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9844513 | [Redact] | [Redact] | 35301735 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Additional 3-Day Waiting Period Timing Test - Regular Transaction | TILA-RESPA Integrated Disclosure - Most recent Closing Disclosure received at least [Redacted] days prior to closing dated [Redacted] disclosed an inaccurate APR of [Redacted]% compared to the actual APR at consummation of [Redacted]% and a revised CD disclosing an accurate APR was not received by borrower at least three [Redacted] business days prior to consummation. | APR on [Redacted] CD of [Redacted]% became inaccurate. Revised CD reflecting accurate APR dated [Redacted] was received on [Redacted] based on electronic signature, which is less than [Redacted] business days prior to closing ([Redacted] was a federal holiday - [Redacted] and therefore not included in the [Redacted] day count. If there is evidence [Redacted] CD was received earlier on [Redacted], please provide documentation for review. | Reviewer Comment (2026-03-10): [Redacted] received disclosure tracking confirming [Redacted] CD was viewed and received on [Redacted] Seller Comment (2026-03-09): Please see attached [Redact] disclosure tracking evidencing receipt of [Redacted] CD on [Redacted]. Reviewer Comment (2026-01-12): [Redacted] received electronic disclosure tracking. However, the borrower timestamp history reflects borrower did not receive/view until [Redacted]. Timestamp history shows disclosure "Sent" on [Redacted] @[Redacted], but the next action shows Authenticated, Last Logges In on [Redacted] @ [Redacted] which reflects when borrower received the document. Receipt of document within [Redacted] business days was not met. Regulation requires for "receipt", not when sent. Seller Comment (2026-01-09): attached shows receipt [Redacted] which is [Redacted] day prior. Reviewer Comment (2026-01-08): Three days prior to close is [Redacted], as [Redacted] is a national holiday and does not count. Disclosure was not received timely. No visible cure in the current loan file. Seller Comment (2026-01-07): [Redacted] - Audit Trail uploaded to [Redacted] - located in Esign Process Summary - Document # [Redacted]. Please advise if this will suffice, or if further evidenced is required showing receipt on [Redacted] by borrower. |
03/10/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | TRID timing exception, no remediation available. | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| [Redact] | 9844513 | [Redact] | [Redact] | 35305461 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three [Redacted] business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9850311 | [Redact] | [Redact] | 34809067 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-01-26): collateral delivered [Redacted] via [Redact] tracking [Redacted] |
02/03/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9851222 | [Redact] | [Redact] | 34835292 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-12-02): Waived on Rate Lock: Collateral cleared by Custodian |
12/02/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 9851222 | [Redact] | [Redact] | 35109277 | Compliance | Compliance | State Compliance | Misc. State Level | [Redact] Home Loan (Tangible Net Benefit Disclosure Not Provided) | [Redact] Home Loan ([Redacted]): Loan file does not contain a Tangible Net Benefit Disclosure (or similar document). | Loan file does not contain a Tangible Net Benefit Disclosure | Reviewer Comment (2025-12-17): Client elected to waive the condition Reviewer Comment (2025-12-09): The disclosure is required as part of the deal testing/settings. Condition is valid and remains open Seller Comment (2025-12-09): [Redacted] [Redacted]: The [Redacted] Tangible Net Benefit rules ([Redacted] and [Redacted]) have been repealed by the [Redacted] Board of Mortgage Loan Originators. The form was discussed during their rulemaking hearing on [Redacted]. The board discussed whether the form was even needed anymore before ultimately passing a motion to repeal both rules that govern the net tangible benefit form requirement for [Redacted] |
12/17/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | B | B | A | A | B | B | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||
| [Redact] | 9851607 | [Redact] | [Redact] | 34838945 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-12-12): Waived on Rate Lock: Collateral cleared by Custodian |
12/12/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 9851607 | [Redact] | [Redact] | 35169185 | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. | - | Reviewer Comment (2026-02-09): Transcripts provided Seller Comment (2026-02-09): transcripts |
02/09/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 9851607 | [Redact] | [Redact] | 35169186 | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. | - | Reviewer Comment (2026-02-09): Transcripts provided Seller Comment (2026-02-09): transcripts submitted Reviewer Comment (2025-12-18): Per the guidelines, transcripts are required. The section of the guides allowing the WVOE and a pay stub in lieu of the W2 is when the transcripts are not yet available. The condition is valid and remains open Seller Comment (2025-12-18): no transcripts required |
02/09/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 9851607 | [Redact] | [Redact] | 35170089 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | The file is missing a copy of E-Sign Consent Agreement. | Reviewer Comment (2025-12-18): E-consent provided Seller Comment (2025-12-18): econsent |
12/18/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 9851607 | [Redact] | [Redact] | 35170126 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three [Redacted] business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 9851607 | [Redact] | [Redact] | 35170127 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on an Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] | Reviewer Comment (2025-12-08): Client elected to waive the condition on the Non-QM [Redacted]lien |
12/08/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 9855427 | [Redact] | [Redact] | 34857386 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-26): Waived on Rate Lock: Collateral cleared by Custodian |
01/26/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 9855427 | [Redact] | [Redact] | 35446908 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. $[Redacted]over legal limit. Insufficient or no cure was provided to the borrower. | Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2026-01-14): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Seller Comment (2026-01-13): [Redacted]: Please see the attached, [Redacted]% charges did not exceed baseline document // |
01/14/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||
| [Redact] | 9855427 | [Redact] | [Redact] | 35446909 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2026-01-14): [Redacted] received valid COC document Seller Comment (2026-01-13): [Redacted]: Please see attached Rate Lock sheets and corresponding disclosure. On [Redacted] the DTI changed, affecting the [Redacted], negative pricing disclosed on the [Redacted] Seller Comment (2026-01-13): [Redacted]: Please see attached Rate Lock sheets and corresponding disclosure. On [Redacted]the DTI changed, affecting the [Redacted], negative pricing disclosed on the [Redacted] |
01/14/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||
| [Redact] | 9855427 | [Redact] | [Redact] | 35451321 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | 01/12/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 9855427 | [Redact] | [Redact] | 35475777 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure provided at closing | Reviewer Comment (2026-01-14): Sufficient Cure Provided At Closing |
01/14/2026 | 1 | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | C | B | B | B | C | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||||||
| [Redact] | 9856877 | [Redact] | [Redact] | 34868918 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-23): Waived on Rate Lock: Collateral cleared by Custodian |
01/23/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 9856877 | [Redact] | [Redact] | 35447348 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | The credit report fee was disclosed as $[Redacted] on the LE, the final CD shows the fee as $[Redacted] There was a lender credit to cover the cost to cure. | Reviewer Comment (2026-01-12): Sufficient Cure Provided At Closing |
01/12/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | ||||||||
| [Redact] | 9857770 | [Redact] | [Redact] | 34886266 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-23): Waived on Rate Lock: Collateral cleared by Custodian |
01/23/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9857770 | [Redact] | [Redact] | 35443732 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) not provided. | Reviewer Comment (2026-02-24): Additional clarification provided by the seller and client. The guideline requirement is for an EIN or a TIN. The LLC is a single-member LLC and an EIN is not required. Reviewer Comment (2026-02-23): Received Email is not stating anywhere that EIN is not required, and they mentioned guideline need an update, however based on the current guidelines EIN is required. Exception Remains. Seller Comment (2026-02-20): [Redact] - [Redact]: Please see the attached email confirmation from [Redact] verifying that they are in agreement that the borrower's TIN is interchangeable with an EIN. Reviewer Comment (2026-01-15): The guidelines specifically require the EIN, page 38. While the IRS may not require it for single member LLC's, this is a guideline specific requirement. Condition remains Seller Comment (2026-01-15): [Redact] - [Redact]: [Redact] is a single-member entity with no employees. An EID is not required to be created, and the IRS allows the use of the borrower's SSN (TID) in lieu |
02/24/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 9857774 | [Redact] | [Redact] | 34886571 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-11-27): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-11-25): (Rate Lock) [Redacted] |
11/27/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | ||||||||||||
| [Redact] | 9857774 | [Redact] | [Redact] | 35058743 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[Redacted] Provide updated policy reflecting minimum coverage of $[Redacted] OR provide copy of insurer's replacement cost estimate supporting current coverage amount | Reviewer Comment (2026-02-03): Revised dec page provided with sufficient coverage. Seller Comment (2026-02-03): Attached amended hazard insurance policy reflecting that the dwelling coverage has been increased to $[Redacted], meeting the minimum coverage requirement. [Redacted]Insurance Notice of Amendment effective [Redacted] confirms the updated coverage amount for the subject property at[Redacted]. The hazard insurance coverage is now sufficient. Please Clear. |
02/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 9857774 | [Redact] | [Redact] | 35058778 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three [Redacted] business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 11/24/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 9856778 | [Redact] | 34927608 | Compliance | Compliance | Federal Compliance | ATR/QM | CDFI Bank Originated Loan submitted as Non Exempt | Loan exempt from QM/ATR submitted with a loan originator designation of other than ATR Exempt. QM/ATR testing performed to determine if an exempt loan would otherwise meet QM/ATR criteria if it were subject to the rule. TILA loan designation remains ATR Exempt. | Buyer Comment (2025-12-03): Initial and Final [Redacted] |
12/03/2025 | 2 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Rate/Term | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Exempt from ATR | No | |||||||||||
| [Redact] | 9856778 | [Redact] | 34927611 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Loan Discount Points was last disclosed as $[Redacted] on LE but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2025-12-12): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Seller Comment (2025-12-11): Corrected LOE and Post CD Reviewer Comment (2025-12-08): [Redacted] ReceivedPCCD and LOE showing Cure amount as $[Redacted]; however, copy of check received for $[Redacted]. Please provide Corrected PCCD and LOE showing correct cure amount as per copy of check or provide Check for difference amount $[Redacted] with proof of Mailing. Seller Comment (2025-12-05): Refund docs Reviewer Comment (2025-12-03): [Redacted] received proof of mailing, however we also require corrected PCCD and LOE with cure amount of $[Redacted] as per check provided. Please provide corrected PCCD and LOE. Seller Comment (2025-12-02): tracking Reviewer Comment (2025-12-01): [Redacted] Received Corrected PCCD and LOE showing Cure amount as $[Redacted]; however, copy of check received for $[Redacted]. Please provide Corrected PCCD and LOE showing correct cure amount as per copy of check or provide Check for difference amount $[Redacted] with proof of Mailing. Buyer Comment (2025-11-30): Delivered [Redacted] [Redacted] Reviewer Comment (2025-11-26): [Redacted] received Post CD,LOX,Copy of refund check and proof of mailing . [Redacted] tracking indicates label has been created, but package has not been shipped. Proof of mailing required to cure. Seller Comment (2025-11-25): cure Reviewer Comment (2025-11-20): [Redacted] received COC dated [Redacted] whereas the fee increased on CD dated [Redacted] for $[Redacted]. The provided COC is after the fee increased; therefore, we would require a valid COC for the fee increased on CD dated [Redacted] or cure due to borrower. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Seller Comment (2025-11-19): Initial CD is acknowledged by the borrower on [Redacted], which is the date of the COC Reviewer Comment (2025-11-18): [Redacted] Received COC dated [Redacted]; however, discount point fee increased on CD dated [Redacted] which is prior to COC dated [Redacted]. Provide valid COC for discount point fee increased on CD dated [Redacted] or provide Cure Docs. Cure docs consist of PCCD, LOE, Refund Check and Proof of Mailing. Seller Comment (2025-11-17): COC for discount point increase |
12/12/2025 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Refinance - Rate/Term | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Safe Harbor QM (APOR) | Exempt from ATR | Yes | |||||||||
| [Redact] | 9860513 | [Redact] | [Redact] | 34896550 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-12-15): Waived on Rate Lock: Collateral cleared by Custodian |
12/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 9860513 | [Redact] | [Redact] | 35183438 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary Title Policy is within [Redacted] and does not reflect a coverage amount (no Final Title Policy in file). Unable to determine if appropriate coverage is provided. | 12/09/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | B | B | B | B | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 9862063 | [Redact] | [Redact] | 34926338 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-27): Waived on Rate Lock: Collateral cleared by Custodian Buyer Comment (2026-01-23): (Rate Lock) [Redacted] delivered [Redacted] Seller Comment (2026-01-22): Note Tracking attached |
01/27/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9862063 | [Redact] | [Redact] | 35501103 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. Coverage shortfall $[Redacted]. Provide updated Hazard Insurance Policy with Dwelling Coverage of at least $[Redacted] or Replacement Cost Estimator. | Reviewer Comment (2026-01-22): RCE provided Seller Comment (2026-01-22): RCE attached Reviewer Comment (2026-01-22): Additional copy of the email correspondence from the insurance company was provided, which is not acceptable to clear the condition. The email confirmation identifies the policies are set up on replacement cost basis, but does not confirm that the coverage amount is "Guaranteed Replacement Cost" coverage. Additional information from the insurance company or a Replacement Cost Estimator is required. Condition remains Seller Comment (2026-01-22): Ins email attached Reviewer Comment (2026-01-20): The email confirmation from the insurance company identifies the policies are set up on replacement cost basis, but does not confirm that the coverage amount is "Guaranteed Replacement Cost" coverage. Additional information from the insurance company or a Replacement Cost Estimator is required. Condition remains Seller Comment (2026-01-20): page [Redacted] indicates that replacement cost is included |
01/22/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 9895929 | [Redact] | [Redact] | 34929576 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-26): Waived on Rate Lock: Collateral cleared by Custodian |
01/26/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9895929 | [Redact] | [Redact] | 35443569 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file was missing a copy of the final title policy. | Reviewer Comment (2026-01-14): Received Short Form loan policy. Exception Cleared. |
01/14/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9895929 | [Redact] | [Redact] | 35443588 | Credit | Title | Document Error | Title | The Preliminary/Commitment does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary/Commitment is within [Redact] and does not reflect a coverage amount (no Final Title Policy in file). Unable to determine if appropriate coverage is provided. | Reviewer Comment (2026-01-14): Received Short Form loan policy. Exception Cleared. Seller Comment (2026-01-13): Please see attached title policy. |
01/14/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9896463 | [Redact] | [Redact] | 34936403 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-26): Waived on Rate Lock: Collateral cleared by Custodian |
01/26/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9896463 | [Redact] | [Redact] | 35446722 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redact] or Final Disclosure APR of [Redact] is equal to or greater than the threshold of APOR [Redact] + 1.5%, or [Redact]. Non-Compliant Higher Priced Mortgage Loan. | APR on subject loan of [Redact] or Final Disclosure APR of [Redact] is equal to or greater than the threshold of APOR [Redact] + 1.5%, or [Redact]. Non-Compliant Higher Priced Mortgage Loan | Reviewer Comment (2026-01-13): Copies of the prior appraisals and proof of receipt provided |
01/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 9896463 | [Redact] | [Redact] | 35446724 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2026-01-13): Copies of the prior appraisals and proof of receipt provided Seller Comment (2026-01-13): [Redact]: Please see the attached Appraisal Delivery Package // Seller Comment (2026-01-13): [Redact] [Redact]: Please see the attached Appraisal Delivery Package // |
01/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 9896463 | [Redact] | [Redact] | 35446732 | Compliance | Compliance | State Compliance | State HPML | [Redact] Rate Spread Threshold Test Non-Compliant | [Redact] Rate Spread Home Loan: APR on subject loan of [Redact] or Final Disclosure APR of [Redact] is equal to or greater than the threshold of APOR [Redact] + 1.5%, or [Redact]. Non-Compliant Rate Spread Home Loan. | APR on subject loan of [Redact] or Final Disclosure APR of [Redact] is equal to or greater than the threshold of APOR [Redact] + 1.5%, or [Redact]. Non-Compliant Rate Spread Home Loan. | Reviewer Comment (2026-02-26): Client elected to waive the condition. Reviewer Comment (2026-02-11): Elevated to the client for review. The condition was downgraded to an EV2/B and is considered [Redact] Rate spread Compliant. Reviewer Comment (2026-02-11): Loan is [Redact] Rate Spread Compliant, EV2-B. Seller Comment (2026-02-10): The compensation plan for this customer is [Redact] plus [Redact] Base Dollar. Using that to calculate, comes up with the exact amount paid out on this loan.: [Redact] x [Redact] = [Redact] + [Redact] = [Redact] listed on CD. Seller Comment (2026-02-10): Hello, please advise if a refund will correct this? Reviewer Comment (2026-01-14): The condition is firing due to the APR and not the appraisal delivery requirements. The appraisal delivery requirements were met, making the loan HPML compliant. However, the loan failed the [Redact] Rate testing. The CD APR of [Redact] exceeds the [Redact] Rate Spread threshold of [Redact]. Note: the index date used for testing is [Redact] which is the rate lock extension date. The loan was initially locked with a rate of [Redact], re-locked on [Redact] at a rate of [Redact], good through [Redact], and then extended on [Redact] through [Redact]. Condition is valid and remains open Reviewer Comment (2026-01-14): EXCEPTION HISTORY - Exception Detail was updated on [Redact] PRIOR Exception Detail: [Redact] Rate Spread Home Loan: APR on subject loan of [Redact] or Final Disclosure APR of [Redact] is equal to or greater than the threshold of APOR [Redact] + 1.5%, or [Redact]. Non-Compliant Rate Spread Home Loan. Seller Comment (2026-01-13): [Redact]: Please see the attached Appraisal delivery, will purchase HPML as long as all requirements were met as they were on this loan (no appraisal wavier, timely delivery, no escrow waiver)// |
02/26/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | Within 90 days of closing and prior to institution of any action against the lender, (1) notify the borrower, and (2) make appropriate restitution at the option of the borrower to either (a) make the loan comply with prohibited acts and practices or (b) change the terms of the loan in a manner beneficial to the borrower so the loan is no longer rate spread. (Limited Use Bona Fide Errors - Compliance and Client Approval Required) Within 120 days of discovery, provide: (1) Legal opinion from originating lender with loan-specific details on how a rate spread home loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) signed borrower choice letter to either (a) accept refund and make loan non-rate spread loan or (b) keep loan as a rate spread loan and make loan compliant; (5) If option 4(a) is selected, copy of refund check and proof of mailing; (6) If option 4(b) is selected, proof of cure for each of the prohibited practice violations. Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. |
C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9896463 | [Redact] | [Redact] | 35446733 | Compliance | Compliance | State Compliance | State HPML | (State HPML Provision) [Redact] Rate Spread Home Loan (Charged Impermissible YSP) | [Redact] Rate Spread Home Loan: Mortgage loan contains broker compensation that is not based on the principal balance of the loan. | Mortgage loan contains broker compensation that is not based on the principal balance of the loan. | Reviewer Comment (2026-02-11): Based on lender comment indicating compensating is [Redact] + [Redact] in addition to the Borrower Loan Options disclosure in file stating that the "Payment to the broker is based on a fixed percentage of the loan amount", exception is cleared. Seller Comment (2026-02-10): The compensation plan for this customer is [Redact] plus [Redact] Base Dollar. Using that to calculate, comes up with the exact amount paid out on this loan.: [Redact] x [Redact] = [Redact] + [Redact] = [Redact] listed on CD. Reviewer Comment (2026-01-14): The condition is firing due to the YSP charged on the loan and not the appraisal delivery requirements. The appraisal delivery requirements were met, making the loan HPML compliant. However, the [Redact] regulations state no lender shall provide nor shall any broker receive any compensation that changes based on the terms of the loan. This subdivision shall not prohibit compensation based on the principal balance of the loan. The YSP on the loan is [Redact] with a principal loan amount of [Redact], resulting in [Redact] of broker fee paid. Given the subject loan results in an odd percentage of YSP paid, we are unable to determine if the YSP is based on the principal balance of the loan. Provide documentation to support the broker fee is based on principal amount rather than on other terms of the loan (which would be prohibited). Condition remains open Seller Comment (2026-01-13): [Redact]: Please see the attached Appraisal delivery, will purchase HPML as long as all requirements were met as they were on this loan (no appraisal wavier, timely delivery, no escrow waiver)// |
02/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | See any available cure under the [Redact] Rate Spread Home Loan threshold exception. | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| [Redact] | 9896463 | [Redact] | [Redact] | 35447338 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-01-12): Sufficient Cure Provided At Closing |
01/12/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 9896463 | [Redact] | [Redact] | 35471300 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2026-01-13): Client elected to waive the condition |
01/13/2026 | 2 | B | B | B | B | B | [Redact] | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||||||
| [Redact] | 9898640 | [Redact] | [Redact] | 34948039 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-12-24): Waived on Rate Lock: Collateral cleared by [Redacted] |
12/24/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 9898640 | [Redact] | [Redact] | 35290633 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2025-12-22): Client elected to waive the condition on the Non-QM [Redacted]lien |
12/22/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| [Redact] | 9912094 | [Redact] | [Redact] | 34964668 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-12-15): Waived on Rate Lock: Collateral cleared by Custodian |
12/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 9912094 | [Redact] | [Redact] | 35175070 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-12-08): Sufficient Cure Provided At Closing |
12/08/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | Yes | |||||||||
| [Redact] | 9915135 | [Redact] | [Redact] | 34966285 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-01-15): (Rate Lock) [Redacted] |
01/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 9915135 | [Redact] | [Redact] | 35478078 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - High Cost as Primary | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). If tested as primary residence, loan exceeds one or more high cost thresholds. | The [Redacted] identified the borrower would occupy the subject as a primary residence. The loan failed the High-Cost testing due to the prepayment penalty of [Redacted] months interest for [Redacted], exceeds the max of [Redacted]% of the amount prepaid. In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the [Redacted]and confirming the occupancy is required. | Reviewer Comment (2026-04-02): Attestation from borrower provided. Client elected to waive the condition. Reviewer Comment (2026-04-02): Re-graded to [Redacted] based on attestation from borrower and documentation in file indicating investment occupancy, which would not be eligible for high cost or higher priced testing. Seller Comment (2026-03-31): Attached the borrower attestation addressing the initial 1003 occupancy discrepancy has been provided. The borrower confirms the subject property located at [Redacted] is an Investment Property and explicitly states they do not reside at the property, with primary residence at [Redacted]. The borrower further explains the Primary Residence designation on the initial 1003 was entered in error during the application process. This is consistent with the final executed 1003, Occupancy and Financial Status Affidavit, and prior certifications in file supporting Investment occupancy. The attestation satisfies the condition requirement to explain the declarations error and confirm occupancy. Please Clear. Reviewer Comment (2026-03-05): In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required. Condition is valid and remains open Seller Comment (2026-03-05): Attached documentation supporting the subject property occupancy as Investment. The initial 1003 primary residence designation was entered in error. Post Closer Certification and Processor Certification confirm the clerical error and state the borrower does not intend to occupy the subject property as a primary residence. Additionally, the executed Occupancy and Financial Status Affidavit reflects the borrower certified the property as an Investment Property. Please Clear. Seller Comment (2026-03-05): Attached documentation supporting the subject property occupancy as Investment. The initial [Redacted] primary residence designation was entered in error. Post Closer Certification and Processor Certification confirm the clerical error and state the borrower does not intend to occupy the subject property as a primary residence. Additionally, the executed Occupancy and Financial Status Affidavit reflects the borrower certified the property as an Investment Property. Please Clear. |
04/02/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | A | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 9915498 | [Redact] | [Redact] | 34967838 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-23): Waived on Rate Lock: Collateral cleared by Custodian |
01/23/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9915498 | [Redact] | [Redact] | 35357176 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-01-07): Sufficient Cure Provided At Closing |
01/07/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9915498 | [Redact] | [Redact] | 35357177 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-01-07): Sufficient Cure Provided At Closing |
01/07/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9915514 | [Redact] | [Redact] | 34967841 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-26): Waived on Rate Lock: Collateral cleared by Custodian |
01/26/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9915514 | [Redact] | [Redact] | 35468288 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-01-13): Sufficient Cure Provided At Closing |
01/13/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 9915514 | [Redact] | [Redact] | 35468289 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-01-13): Sufficient Cure Provided At Closing |
01/13/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 9917630 | [Redact] | [Redact] | 34980149 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-25): Collateral delivered on [Redacted] via [Redacted] tracking [Redacted]. |
02/26/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9918161 | [Redact] | [Redact] | 34992366 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-23): Waived on Rate Lock: Collateral cleared by Custodian |
01/23/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9953391 | [Redact] | [Redact] | 35000990 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-23): Waived on Rate Lock: Collateral cleared by Custodian |
01/23/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9953391 | [Redact] | [Redact] | 35445719 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of [Redact] exceeds tolerance of [Redact]. Sufficient or excess cure was provided to the borrower at Closing. | Second Appraisal Fee was last disclosed as [Redact] on Loan Estimate but disclosed as [Redact] on Final Closing Disclosure dated [Redact]. File does not contain a valid COC for this fee, nor evidence of cure in file. | Reviewer Comment (2026-01-12): Sufficient Cure Provided At Closing |
01/12/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9953386 | [Redact] | [Redact] | 35000993 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-26): Waived on Rate Lock: Collateral cleared by Custodian |
01/26/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 9953386 | [Redact] | [Redact] | 35358498 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | The final 1003 did not identify the gift funds nor the realtor credit (borrower commission) in section [Redacted], Other assets, as required by the FNMA Selling guide, | Reviewer Comment (2026-02-09): Received and associated updated 1003. Exception cleared. Seller Comment (2026-02-06): [Redacted]: Please see attached. Please note that the Gift is reflecting on page [Redacted]. Seller Comment (2026-01-13): [Redacted]: This is not a "Other Asset the borrower has" as this is not a liquid or non-liquid asset type per Fannie Mae guidelines. Rather, this is a credit that flows over from [Redacted] system to the Closing Disclosure Under [Redacted], just like any other transaction. Reviewer Comment (2026-01-12): Required 1003 section [Redacted] reflecting realtor credit. Exception Remains. Seller Comment (2026-01-12): [Redacted]: This is not a "Other Asset the borrower has" as this is not a liquid or non-liquid asset type per Fannie Mae guidelines. Rather, this is a credit that flows over from [Redacted] system to the Closing Disclosure Under [Redacted]. |
02/09/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | ||||||||||
| [Redact] | 9954576 | [Redact] | [Redact] | 35010799 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-12-15): Waived on Rate Lock: Collateral cleared by Custodian |
12/15/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 9954662 | [Redact] | [Redact] | 35011999 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-05): Waived on Rate Lock: Collateral cleared by Custodian |
03/05/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9956987 | [Redact] | [Redact] | 35022829 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-26): Waived on Rate Lock: Collateral cleared by Custodian |
01/26/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9956987 | [Redact] | [Redact] | 35451453 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] | Reviewer Comment (2026-01-13): Client elected to waive the condition on the Non-QM [Redacted] lien |
01/13/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9957074 | [Redact] | [Redact] | 35022979 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-23): Waived on Rate Lock: Collateral cleared by Custodian |
01/23/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9957074 | [Redact] | [Redact] | 35355404 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2026-01-07): Client elected to waive the condition on the Non-QM [Redacted] lien |
01/07/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 9957904 | [Redact] | [Redact] | 35033594 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-18): Collateral was delivered on [Redacted] via [Redact] tracking number [Redacted]. |
02/19/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9957904 | [Redact] | [Redact] | 35807540 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Missing signed Business Purpose Certificate in file. | Reviewer Comment (2026-02-18): Fully executed Business Purpose Cert provided Seller Comment (2026-02-18): Please see attached business purpose certificate. |
02/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 9957904 | [Redact] | [Redact] | 35816197 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | Missing Cash-out Utilization disclosure. Note: the fully executed Business Purpose Cert will clear this condition. | Reviewer Comment (2026-02-18): Fully executed Business Purpose Cert provided Seller Comment (2026-02-18): Please see attached business purpose certificate. |
02/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 9957901 | [Redact] | [Redact] | 35033822 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-06): Waived on Rate Lock: Collateral cleared by Custodian |
01/06/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | ||||||||||||
| [Redact] | 9957901 | [Redact] | [Redact] | 35263169 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three [Redacted] business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 12/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 9957901 | [Redact] | [Redact] | 35263171 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | EIN was not provided. | Reviewer Comment (2026-01-19): Received Employer Identification Number (EIN), exception cleared. Seller Comment (2026-01-19): EIN |
01/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 9957901 | [Redact] | [Redact] | 35263175 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file. | 12/18/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 9977566 | [Redact] | [Redact] | 35042858 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2025-12-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2025-12-17): (Rate Lock) [Redacted] |
12/18/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | B | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9977566 | [Redact] | [Redact] | 35246497 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | The file is missing proof of the Universal Loan Identifier (ULI). | Universal Loan Identifier (ULI) is missing in the loan. | Reviewer Comment (2026-01-07): ULI Provided Seller Comment (2026-01-07): Attached the Universal Loan Identifier (ULI) Number. |
01/07/2026 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | B | B | B | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9977566 | [Redact] | [Redact] | 35246607 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three [Redacted] business days prior to closing, and appraisal was not provided at or before closing. | 12/16/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | B | B | B | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9980446 | [Redact] | [Redact] | 35095017 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| [Redact] | 9980446 | [Redact] | [Redact] | 35790770 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three [Redacted] business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/11/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 9501389 | [Redact] | 35112029 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud report is missing in file for entity of [Redacted] | Reviewer Comment (2025-10-15): Noted. Received lender correspondence stating newly formed business also evidence that they tried to run the report and was unable to pull a report since the business was newly formed. Email correspondence and evidence associated. Exception Cleared. Buyer Comment (2025-10-14): Per Lender: See attached correspondence between [Redacted] and I. She regularly pulls the [Redacted] reports for our company and wasn't able to locate a business report for this borrower's business -- likely because it was newly formed. Do you have any other suggestions on what we can provide? We submitted the previous report for the individual, because those were the only results that would populate. Thank you. Buyer Comment (2025-10-14): LOE Reviewer Comment (2025-10-08): Noted fraud report for borrower however fraud report for business entity "[Redacted]" required. exception remains. Buyer Comment (2025-10-07): Fraud Report |
10/15/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 9501389 | [Redact] | 35112031 | Credit | Credit | Credit Documentation | Credit | Absence of Business Purpose Certificate and/or Non-Owner Occupancy Declaration and/or UW Business Purpose Analysis and thus casts doubt on the business purpose of the loan. | Business Purpose Certificate is missing in file. | Reviewer Comment (2025-11-05): Received the BPO, acceptable per client attestation. Buyer Comment (2025-11-04): Please clear section [Redacted] of the guides only state it must be signed and dated. Post closing is acceptable Reviewer Comment (2025-11-04): Received Business purpose Certificate however per [Redacted] [Redacted] Guideline "Business Purpose and Occupancy Affidavit signed by the borrower prior to closing declaring that the property is or will be used for a business or investment purpose only is required, however provided Copy signed after closing date. Exception Remains Buyer Comment (2025-11-03): [Redacted] Reviewer Comment (2025-09-30): Received Occupancy certificate however required notarized Business purpose certificate to confirm the purpose of proceed received. Exception remains. Buyer Comment (2025-09-29): Occupancy Affidavit |
11/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9501389 | [Redact] | 35112032 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | EMD Deposit receipt of $[Redacted] is missing in file. | Reviewer Comment (2025-10-10): Received Wire confirmation for EMD and associated the same accordingly. Exception Cleared. Buyer Comment (2025-10-09): Wire Reviewer Comment (2025-09-30): Received bank statement confirming the withdrawal of funds however need Deposit receipt or any supporting document that reflects the EMD is received by the recipient. Exception remains. Buyer Comment (2025-09-29): Assets |
10/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9806465 | [Redact] | 35112071 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | - | Missing [Redacted] for the Broken Window as per photos in the appraisal report. | Reviewer Comment (2025-11-05): Received [Redacted] With Repair of Broken Window. Exception cleared Buyer Comment (2025-11-03): [Redacted] |
11/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | D | A | N/A | No | |||||||||||
| [Redact] | 9806465 | [Redact] | 35112072 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The [Redacted]appraisal was not provided. Per guidelines, [Redacted] appraisals are required as the loan amount is greater than $[Redacted]. | Reviewer Comment (2025-11-05): Received 2nd Full Appraisal. Exception Cleared Buyer Comment (2025-11-03): 2nd appraisal |
11/05/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| [Redact] | 9806465 | [Redact] | 35112073 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | DSCR Calculation Worksheet is missing with DSCR ratio. | Reviewer Comment (2025-11-05): Received DSCR calculation worksheet. Exception Cleared Buyer Comment (2025-11-03): 1008 with calculation |
11/05/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| [Redact] | 9806465 | [Redact] | 35112074 | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | Guidelines require a [Redacted]-month housing history on the subject property, primary residence and all additional financed properties. Only the subject property and primary residence must be listed on the application and the housing history requirements for additional financed properties (properties other than the subject property and primary residence) are limited to properties with mortgages reflected on the credit report. All payment histories must reflect [Redacted] measured from the credit report date. On the credit report date [Redacted], the existing mortgage(s) must be current, which means that no more than [Redacted] days have elapsed since the last paid installment date. Need VOM for [Redacted] [Redacted] for [Redacted] #[Redacted] and [Redacted] #[Redacted]. |
Reviewer Comment (2025-11-05): Received [Redacted] Payment verification for Account # [Redacted] and [Redacted]. Exception cleared Buyer Comment (2025-11-03): VOMs - URL shows [Redacted] ([Redacted]) last [Redacted] of the loan numbers are on each screen shot |
11/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | D | A | N/A | No | ||||||||||||
| [Redact] | 9983343 | [Redact] | [Redact] | 35130448 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-18): collateral delivered [Redacted] via [Redact] tracking [Redacted] |
02/19/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | ||||||||||||
| [Redact] | 9983343 | [Redact] | [Redact] | 35807672 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Missing signed Business Purpose Certificate in file. | Reviewer Comment (2026-02-18): Fully executed Business Purpose Cert provided Seller Comment (2026-02-18): business purpose |
02/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 9983343 | [Redact] | [Redact] | 35807677 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | The file was missing a copy of the Cash-Out Utilization. Note: the fully executed Business Purpose Cert will clear this condition. | Reviewer Comment (2026-02-18): Fully executed Business Purpose Cert provided Seller Comment (2026-02-18): business purpose |
02/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 9983343 | [Redact] | [Redact] | 35808022 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception for Single entity max investor owns slightly over the [Redacted]% max. Single entity investor owns [Redacted]out of [Redacted] units = [Redacted]%. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
LTV of [Redacted] where [Redacted] is maximum | [Redact] [Redact] [Redact] Originator Pre-Close,Aggregator,[Redact] [Redact] |
Reviewer Comment (2026-02-13): Client elected to waive the condition with the following Compensating Factors: LTV of [Redacted] where [Redacted] is maximum DSCR [Redacted] where [Redacted] is minimum Credit Depth: [Redacted] years trade history [Redacted] years mortgage history paid timely |
02/13/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | ||||||||
| [Redact] | 9983343 | [Redact] | [Redact] | 35812465 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three [Redacted] business days prior to closing, and appraisal was not provided at or before closing. | Verification CDA was delivered to borrower was not provided. | 02/13/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 9983757 | [Redact] | [Redact] | 35136160 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-06): Waived on Rate Lock: Collateral cleared by Custodian |
03/06/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9983757 | [Redact] | [Redact] | 35814624 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2026-02-26): [Redacted] received LOE for fee name used for second appraisal fee. Seller Comment (2026-02-25): Please see attached lenders Letter of Attestation. Reviewer Comment (2026-02-17): [Redacted] received comment stating desktop appraisal and second appraisal are both synonymous. If both the fees are same as mentioned on comment than we would require LOX in order to clear the exception. Seller Comment (2026-02-16): Disagree - The Appraisal Fee [Redacted] was initial Disclosed to the borrower on the initial LE as the Desktop Appraisal Fee. These [Redacted] fees are synonymous. |
02/26/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9983757 | [Redact] | [Redact] | 35814625 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2026-02-17): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Seller Comment (2026-02-16): Please see the attached Final Closing Disclosure and Tolerance Cure breakdown which shows the borrower was provided a credit at closing for the increase in the Credit Report. |
02/17/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 9983757 | [Redact] | [Redact] | 35924455 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-02-26): Sufficient Cure Provided At Closing |
02/26/2026 | 1 | A | A | A | A | A | [Redact] | Second Home | Purchase | Final CD evidences Cure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [Redact] | 9983984 | [Redact] | [Redact] | 35147439 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10008086 | [Redact] | [Redact] | 35177480 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-04): Waived on Rate Lock: Collateral cleared by Custodian |
03/04/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10008086 | [Redact] | [Redact] | 35930739 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] | Reviewer Comment (2026-02-27): Client elected to waive the condition on the Non-QM [Redacted] lie |
02/27/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10008202 | [Redact] | [Redact] | 35177712 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-01-08): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-01-07): Note tracking info [Redacted] |
01/08/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10008202 | [Redact] | [Redact] | 35350302 | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. | - | Reviewer Comment (2026-02-03): Transcripts provided Seller Comment (2026-02-03): [Redacted]/[Redacted]transcripts |
02/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10008201 | [Redact] | [Redact] | 35177716 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-05): Waived on Rate Lock: Collateral cleared by Custodian |
02/05/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | ||||||||||||
| [Redact] | 10008201 | [Redact] | [Redact] | 35700998 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The preliminary title report in file disclosed $[Redacted] of title insurance coverage, however, this is less than the loan amount of $[Redacted]. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | 02/02/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 10008201 | [Redact] | [Redact] | 35701409 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three [Redacted] business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/02/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 10026721 | [Redact] | [Redact] | 35205222 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-24): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-20): Note Tracking is [Redacted] Seller Comment (2026-02-20): [Redacted] |
02/24/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10047688 | [Redact] | [Redact] | 35250179 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-20): (Rate Lock) [Redacted] |
02/23/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10047688 | [Redact] | [Redact] | 35841294 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three [Redacted] business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/19/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10047688 | [Redact] | [Redact] | 35841418 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Verification(s) of employment is not within [Redacted] business days of the Note. | Reviewer Comment (2026-03-25): Received and associated VVOE. Exception Cleared. Seller Comment (2026-03-24): Attached VOE confirming [Redacted] was actively employed with [Redacted] as of the closing date on [Redacted]. Please Clear. |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10047688 | [Redact] | [Redact] | 35841419 | Credit | Income / Employment | Income Documentation | Income / Employment | Verification(s) of employment is not within 10 business days of the Note. | - | Verification(s) of employment is not within [Redacted]business days of the Note. | Reviewer Comment (2026-03-25): Received and associated VVOE. Exception Cleared. Seller Comment (2026-03-24): Attached VOE confirming [Redacted] was actively employed with [Redacted] as of the closing date on [Redacted]. Please Clear. |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10065415 | [Redact] | [Redact] | 35258871 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-12): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-10): Tracking Number [Redacted] |
02/12/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | A | D | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10065415 | [Redact] | [Redact] | 35761024 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Please provide additional consecutive statement. Guidelines required [Redacted] months. | Reviewer Comment (2026-02-12): Additional asset documentation provided Seller Comment (2026-02-11): Statements are annualized see [Redacted] and attached which covers [Redacted]. |
02/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | A | D | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10065415 | [Redact] | [Redact] | 35761069 | Compliance | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete Note | Missing Document: Note - Subject Lien not provided | Consolidated Note with correct loan amounts is required. The file only contained the Gap Note. | Reviewer Comment (2026-02-12): CEMA Note provided Seller Comment (2026-02-11): Note |
02/12/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | A | D | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10065415 | [Redact] | [Redact] | 35761072 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | Security Instrument with correct loan amounts is required. The file only contained the Gap Mortgage. | Reviewer Comment (2026-02-12): CEMA Mortgage provided Seller Comment (2026-02-11): Mortgage |
02/12/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | A | D | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10065415 | [Redact] | [Redact] | 35761131 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three [Redacted]business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/09/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | D | B | D | A | D | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10065415 | [Redact] | [Redact] | 35761132 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted]or [Redacted]%). | Reviewer Comment (2026-02-09): Client elected to waive the condition on the Non-QM [Redacted] lien |
02/09/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | D | B | D | A | D | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| [Redact] | 10065415 | [Redact] | [Redact] | 35762249 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three [Redacted] business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/09/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | D | B | D | A | D | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10065619 | [Redact] | [Redact] | 35259859 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Limited Cash-out GSE | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10065619 | [Redact] | [Redact] | 35805049 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-02-12): Sufficient Cure Provided At Closing |
02/12/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Limited Cash-out GSE | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10065994 | [Redact] | [Redact] | 35272278 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 10087437 | [Redact] | [Redact] | 35315297 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-18): collateral delivered [Redacted] via [Redacted] |
02/19/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10088413 | [Redact] | [Redact] | 35321820 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-11): (Rate Lock) [Redacted] |
03/13/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10088413 | [Redact] | [Redact] | 35938951 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file. | 03/03/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10088413 | [Redact] | [Redact] | 35938959 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] | Reviewer Comment (2026-03-03): Client elected to waive the condition on the Non-QM [Redacted] lien |
03/03/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10090300 | [Redact] | [Redact] | 35346440 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-17): collateral delivered [Redacted] via [Redacted] |
02/18/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| [Redact] | 10090300 | [Redact] | [Redact] | 35769640 | Compliance | Compliance | State Compliance | State Defect | [Redact] SB270 Prepayment Penalty Test 2009 Investment Test | [Redacted]: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Reviewer Comment (2026-02-20): Client elected to waive the condition. Note: it is the client's interpretation that prepayment penalty in [Redacted] is allowable under law. Seller Comment (2026-02-20): Can you please advise if there is anything else the buyer is looking for on this loan? Reviewer Comment (2026-02-12): Elevated to the client for review. Seller Comment (2026-02-12): LOE |
02/20/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 10090303 | [Redact] | [Redact] | 35346455 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-12): collateral delivered [Redacted]via [Redacted] |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| [Redact] | 10090303 | [Redact] | [Redact] | 35769921 | Compliance | Compliance | State Compliance | State Defect | [Redact] SB270 Prepayment Penalty Test 2009 Investment Test | [Redacted]: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Mortgage loan contains an impermissible prepayment penalty; however, Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Reviewer Comment (2026-02-20): Client elected to waive the condition. Note: it is the client's interpretation that prepayment penalty in [Redacted] is allowable under law. Seller Comment (2026-02-20): Is there an updated from the buyer? Reviewer Comment (2026-02-12): Elevated to the client for review. Seller Comment (2026-02-12): LOE |
02/20/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | N/A | No | ||||||||||
| [Redact] | 10090637 | [Redact] | [Redact] | 35350454 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10090637 | [Redact] | [Redact] | 35794882 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[Redacted] Provide updated policy reflecting minimum coverage of $[Redacted] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2026-02-18): The flood insurance policy identified the replacement cost and there is sufficient coverage. Seller Comment (2026-02-17): [Redacted]: Please see attached and please note that replacement cost has been documented on the flood in the amount of $[Redacted]. Dwelling coverage is sufficient. |
02/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10090637 | [Redact] | [Redact] | 35794909 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three [Redacted] business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/11/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10090639 | [Redact] | [Redact] | 35350456 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10091975 | [Redact] | [Redact] | 35358344 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-18): (Rate Lock) [Redacted] |
03/19/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10091975 | [Redact] | [Redact] | 36084107 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three [Redacted] business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three [Redacted] business days prior to consummation. | 03/17/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10099586 | [Redact] | [Redact] | 35390912 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10103286 | [Redact] | [Redact] | 35471141 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-13): (Rate Lock) [Redacted] |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10103286 | [Redact] | [Redact] | 35796271 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Attorney Review Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-02-11): Sufficient Cure Provided At Closing |
02/11/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| [Redact] | 10103286 | [Redact] | [Redact] | 35804650 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Client approved exception for Vesting in the Name of an Entity: All owners must be natural persons. The entity is owned [Redacted] by the borrowers as trustees of their family trust. The trust is revocable and the borrower are the grantors, trustees, and beneficiaries of the trust. The file is missing a copy of the fully executed client exception approval form. | The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
LTV: [Redacted] where [Redacted] is maximum Job stability: [Redacted] years are employer DTI is [Redacted] where [Redacted] is maximum. No rental income used. |
[Redact],Aggregator [Redact] [Redact] Originator Pre-Close,Aggregator,[Redact] [Redact] [Redact] Aggregator,[Redact] [Redact] |
Reviewer Comment (2026-02-24): Client elected to waive the condition with the following Compensating Factors: LTV: [Redacted] where [Redacted] is maximum DTI is [Redacted] where [Redacted] is maximum. No rental income used. Job stability: [Redacted] years are employer Seller Comment (2026-02-20): Attached the Approved [Redacted]Exception. |
02/24/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||
| [Redact] | 10103314 | [Redact] | [Redact] | 35472659 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-16): Waived on Rate Lock: Collateral cleared by Custodian |
03/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10103314 | [Redact] | [Redact] | 35935272 | Credit | Guideline | Guideline Issue | Guideline | Missing required Transcript (1040) or W-2 Transcript. | - | Reviewer Comment (2026-03-11): Received and associated W-2 transcript. Exception cleared. Seller Comment (2026-03-10): (Rate Lock) To clear conditions |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10103314 | [Redact] | [Redact] | 35937383 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2026-03-12): CDA provided Seller Comment (2026-03-11): (Rate Lock) CDA |
03/12/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10103314 | [Redact] | [Redact] | 35937399 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Insurance Verification not provided. | Reviewer Comment (2026-03-11): Received and associated Hazard Insurance Policy. Exception cleared. Seller Comment (2026-03-10): (Rate Lock) To clear conditions |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10103314 | [Redact] | [Redact] | 35937416 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | The file was missing copy of Fraud Report. | Reviewer Comment (2026-03-11): Received and associated Fraud Report. Exception cleared. Seller Comment (2026-03-10): (Rate Lock) To clear conditions |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10103314 | [Redact] | [Redact] | 35937436 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | The file was missing copy of Fraud Report. | Reviewer Comment (2026-03-11): Received and associated Fraud Report. Exception cleared. Seller Comment (2026-03-10): (Rate Lock) To clear conditions |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10103314 | [Redact] | [Redact] | 35937632 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $[Redacted] is less than Cash From Borrower $[Redacted]. | Reviewer Comment (2026-03-11): Received and associated Bank statements. Exception cleared. Seller Comment (2026-03-10): (Rate Lock) To clear conditions |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10103314 | [Redact] | [Redact] | 35938067 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | The file was missing copy of Paystubs, W-2 and Transcripts (1040) - No Results Returned ([Redacted]). | Reviewer Comment (2026-03-11): Received and associated W2, transcripts, Pay stubs. Exception cleared. Seller Comment (2026-03-10): (Rate Lock) To clear conditions |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10103314 | [Redact] | [Redact] | 35945034 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided | Loan Underwriting and Transmittal Summary not provided. | Reviewer Comment (2026-03-11): Received and associated Loan Underwriting and Transmittal Summary (1008) / MCAW. Exception cleared. Seller Comment (2026-03-10): (Rate Lock) To clear conditions |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10103314 | [Redact] | [Redact] | 35945310 | Credit | Asset | Asset Calculation / Analysis | Asset | Guideline Requirement: Available for Reserves discrepancy. | Calculated Available for Reserves of $[Redacted] is less than Guideline Available for Reserves of $[Redacted]. | Reviewer Comment (2026-03-11): Received and associated Bank statements. Exception cleared. Seller Comment (2026-03-10): (Rate Lock) Assets Seller Comment (2026-03-10): (Rate Lock) To clear conditions |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10103319 | [Redact] | [Redact] | 35473415 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-27): Waived on Rate Lock: Collateral cleared by Custodian |
02/27/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10103319 | [Redact] | [Redact] | 35893579 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the title evidence in file. | 02/24/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Cash-out - Other | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10103319 | [Redact] | [Redact] | 35893585 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-02-24): Sufficient Cure Provided At Closing |
02/24/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10103319 | [Redact] | [Redact] | 35905729 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-02-24): Sufficient Cure Provided At Closing |
02/24/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10104151 | [Redact] | [Redact] | 35480445 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-19): Waived on Rate Lock: Collateral cleared by Custodian |
02/19/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| [Redact] | 10104151 | [Redact] | [Redact] | 35812534 | Compliance | Compliance | State Compliance | State Defect | [Redact] SB270 Prepayment Penalty Test 2009 Investment Test | [Redacted]: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Reviewer Comment (2026-02-20): Client elected to waive the condition. Note: it is the client's interpretation that prepayment penalty in [Redacted] is allowable under law. Seller Comment (2026-02-18): [Redacted] addendum Seller Comment (2026-02-18): collateral delivered [Redacted] via [Redacted] Seller Comment (2026-02-18): [Redacted] addendum showing the languarg |
02/20/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 10104152 | [Redact] | [Redact] | 35480512 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-18): [Redacted] Collateral was delivered on [Redacted] via [Redacted]. |
02/19/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10104153 | [Redact] | [Redact] | 35480559 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-11): collateral delivered [Redacted]via [Redacted] |
02/13/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| [Redact] | 10104153 | [Redact] | [Redact] | 35761450 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three [Redacted] business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 02/09/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 10104178 | [Redact] | [Redact] | 35481427 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 10104579 | [Redact] | [Redact] | 35499525 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Limited Cash-out GSE | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10104579 | [Redact] | [Redact] | 35794876 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of the greater of [Redacted] of the Federal Total Loan Amount and $[Redacted] ([Redacted]). Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of the greater of [Redacted]% of the Federal Total Loan Amount and $[Redacted] ([Redacted]). Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2026-02-12): Client elected to waive the condition on the Non-QM [Redacted] lien |
02/12/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Limited Cash-out GSE | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10104579 | [Redact] | [Redact] | 35794879 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted]over legal limit. Insufficient or no cure was provided to the borrower. | Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Reviewer Comment (2026-02-16): [Redacted] received a valid COC. Seller Comment (2026-02-13): [Redacted] On [Redacted] there was a relock on the file that caused pricing to increase. On wholesale loans lock actions are acceptable changes and circumstance. A Closing Disclosure went out to the Borrower on the same day. Final Cost to the Borrower of [Redacted]% or $[Redacted]. Please see attached lock confirmation and Closing Disclosure. |
02/16/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Limited Cash-out GSE | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10106112 | [Redact] | [Redact] | 35513336 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-26): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-24): Collateral delivered on [Redacted] via [Redacted]. |
02/26/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10107044 | [Redact] | [Redact] | 35582845 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-26): Waived on Rate Lock: Collateral cleared by Custodian |
02/26/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10107044 | [Redact] | [Redact] | 35893632 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three [Redacted] business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least three [Redacted] business days prior to closing. | Reviewer Comment (2026-03-05): [Redacted] received initial CD dated[Redacted]. Seller Comment (2026-03-04): Please see the attached Closing Disclosure and TRID worksheet with proof that the borrower was sent an Initial Closing Disclosure on [Redacted] and the mailbox rule was applied. This meets the [Redacted] business days before the closing date of [Redacted]. Seller Comment (2026-03-04): Please see the attached Closing Disclosure and TRID worksheet with proof that the borrower was sent an Initial Closing Disclosure on [Redacted] and the [Redacted] rule was applied. This meets the [Redacted] business days before the closing date of [Redacted]. Reviewer Comment (2026-02-26): [Redacted] received CD dated [Redacted] with borrower consented on [Redacted]. Based on the required three-business-day timing for the initial CD, our calculation is as follows:Day [Redacted]: [Redacted] - [Redacted] Birthday (Federal Holiday) - Not a business day; Day [Redacted]: [Redacted] - [Redacted] - Business Day;Day [Redacted]: [Redacted] - [Redacted]- Business Day. Since [Redacted] is a federal holiday and cannot be counted, the CD dated [Redacted] does not meet the requirement of being provided three business days prior to the closing date ([Redacted]).Kindly provide initial CD three business days prior to closing date. Seller Comment (2026-02-25): Please see the attached CD signed on [Redacted] which meets the [Redacted] day cooling off requirements with a closing date of [Redacted] |
03/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | No Defined Cure | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||
| [Redact] | 10107044 | [Redact] | [Redact] | 35893653 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The lender qualified with bank statement income and split the income [Redacted] between the borrower and the co-borrower. However, the [Redacted] docs in file and the CPA letter confirmed the borrower is [Redacted]% owner. Provide a revised 1008 and 1003 identifying the income in the borrower's name only. | Reviewer Comment (2026-03-02): Revised 1003 and 1008 provided Seller Comment (2026-02-27): [Redacted] - [Redacted]: Please see attached. |
03/02/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10107474 | [Redact] | [Redact] | 35588043 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-19): Waived on Rate Lock: Collateral cleared by Custodian |
02/19/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10107474 | [Redact] | [Redact] | 35808974 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of[Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2026-02-13): Client elected to waive the condition on the Non-QM [Redacted] lien |
02/13/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10107474 | [Redact] | [Redact] | 35808976 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Additional 3-Day Waiting Period Timing Test - Regular Transaction | TILA-RESPA Integrated Disclosure - Most recent Closing Disclosure received at least 3 days prior to closing dated [Redacted] disclosed an inaccurate APR of [Redacted]% compared to the actual APR at consummation of [Redacted]% and a revised CD disclosing an accurate APR was not received by borrower at least three [Redacted] business days prior to consummation. | Most recent Closing Disclosure received at least [Redacted] days prior to closing dated [Redacted] disclosed an inaccurate APR of [Redacted]% compared to the actual APR at consummation of [Redacted]% and a revised CD disclosing an accurate APR was not received by borrower at least three [Redacted] business days prior to consummation. | Reviewer Comment (2026-02-17): [Redacted] received [Redacted] CD Seller Comment (2026-02-16): [Redacted] On [Redacted] a Closing Disclosure went out to the borrower with an APR of [Redacted]%. The borrower signed the final closing disclosure on [Redacted] with and APR of [Redacted]% which is an allowable decrease. Please see attached Closing Disclosures and TRID worksheet. Seller Comment (2026-02-16): [Redacted]On [Redacted] a Closing Disclosure went out to the borrower with an APR of [Redacted]%. The borrower signed the final closing disclosure on [Redacted] with and APR of [Redacted]% which is an allowable decrease. Please see attached Closing Disclosures and TRID worksheet. |
02/17/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | TRID timing exception, no remediation available. | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||
| [Redact] | 10107474 | [Redact] | [Redact] | 35808977 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-02-12): Sufficient Cure Provided At Closing |
02/12/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10109682 | [Redact] | [Redact] | 35603635 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10109682 | [Redact] | [Redact] | 35794735 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted]or [Redacted]%). | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted]8 vs. an investor allowable total of $[Redacted] | Reviewer Comment (2026-02-12): Client elected to waive the condition on the Non-QM [Redacted] lien |
02/12/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10110196 | [Redact] | [Redact] | 35608540 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Rate/Term | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10110196 | [Redact] | [Redact] | 35791716 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2026-02-11): Client elected to waive the condition on the Non-QM [Redacted] lien |
02/11/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10110196 | [Redact] | [Redact] | 35795153 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Second Appraisal Fee. Fee Amount of $[Redacted]exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-02-11): Sufficient Cure Provided At Closing |
02/11/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Rate/Term | Final CD evidences Cure | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10110555 | [Redact] | [Redact] | 35610641 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-12): Tracking Number [Redacted] |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10110618 | [Redact] | [Redact] | 35611184 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-19): Collateral delivered on[Redacted] via [Redacted] |
02/23/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10110619 | [Redact] | [Redact] | 35611186 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10110619 | [Redact] | [Redact] | 35790209 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The preliminary title report in file did not disclose the amount of title insurance coverage. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | 02/11/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | B | B | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10110636 | [Redact] | [Redact] | 35611411 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-09): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-06): Tracking Number [Redacted] |
03/09/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10110636 | [Redact] | [Redact] | 35959012 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] | Reviewer Comment (2026-03-05): Client elected to waive the condition on the Non-QM [Redacted] lien |
03/05/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Limited Cash-out GSE | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10110685 | [Redact] | [Redact] | 35611557 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10110685 | [Redact] | [Redact] | 35791201 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file. | 02/11/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10110685 | [Redact] | [Redact] | 35791286 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three [Redacted] business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/11/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10110685 | [Redact] | [Redact] | 35794584 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Fannie Mae 2014 - [Redacted]% Points and Fees | Reviewer Comment (2026-02-11): Client elected to waive the condition on the Non-QM [Redacted] lien |
02/11/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10110685 | [Redact] | [Redact] | 35794637 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing | Reviewer Comment (2026-02-11): Sufficient Cure Provided At Closing |
02/11/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10110685 | [Redact] | [Redact] | 35794639 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Administration Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient cure was provided at closing | Reviewer Comment (2026-02-11): Sufficient Cure Provided At Closing |
02/11/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10110685 | [Redact] | [Redact] | 35797214 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of revised valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2026-02-11): Client elected to waive the condition |
02/11/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10111713 | [Redact] | [Redact] | 35619572 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-12): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-10): (Rate Lock) [Redacted] |
02/12/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | C | A | B | B | D | A | N/A | No | ||||||||||||
| [Redact] | 10111713 | [Redact] | [Redact] | 35760483 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2026-02-10): UCDP provided verifying a CU score of [Redacted]. Seller Comment (2026-02-10): (Rate Lock) |
02/10/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | C | A | B | B | D | A | N/A | No | ||||||||||||
| [Redact] | 10111713 | [Redact] | [Redact] | 35760502 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Reviewer Comment (2026-02-11): Fraud Report provided Reviewer Comment (2026-02-10): The fraud report referenced in the rebuttal comments was not provided Seller Comment (2026-02-10): (Rate Lock) fraud |
02/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | C | A | B | B | D | A | N/A | No | |||||||||||
| [Redact] | 10111713 | [Redact] | [Redact] | 35760522 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | The file is missing a copy of the OFAC. | Reviewer Comment (2026-02-11): Fraud Report provided Reviewer Comment (2026-02-10): The fraud report referenced in the rebuttal comments was not provided Seller Comment (2026-02-10): (Rate Lock) fraud |
02/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | C | A | B | B | D | A | N/A | No | |||||||||||
| [Redact] | 10111713 | [Redact] | [Redact] | 35760523 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Reviewer Comment (2026-02-11): Fraud Report provided Seller Comment (2026-02-11): (Rate Lock) fraud Reviewer Comment (2026-02-10): The fraud report referenced in the rebuttal comments was not provided Seller Comment (2026-02-10): (Rate Lock) fraud |
02/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | C | A | B | B | D | A | N/A | No | ||||||||||||
| [Redact] | 10111713 | [Redact] | [Redact] | 35760525 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Background Check not provided | Reviewer Comment (2026-02-11): Fraud Report provided Reviewer Comment (2026-02-10): The fraud report referenced in the rebuttal comments was not provided Seller Comment (2026-02-10): (Rate Lock) fraud |
02/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | C | A | B | B | D | A | N/A | No | ||||||||||||
| [Redact] | 10111713 | [Redact] | [Redact] | 35760540 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | 02/09/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | D | B | C | A | B | B | D | A | N/A | No | |||||||||||
| [Redact] | 10111713 | [Redact] | [Redact] | 35769956 | Credit | Missing Document | General | Missing Document | Missing Document: Desk Review not provided | The file is missing the guideline required CDA. Per the guides, a CDA is required regardless of the CU score. | Reviewer Comment (2026-02-17): CDA provided Seller Comment (2026-02-17): (Rate Lock) cda Reviewer Comment (2026-02-11): Per the guidelines, a CDA is required regardless of the CU score. The CU score of [Redacted] meets the securitization requirements, but does not meet the guideline requirements. Condition is valid and remains open Seller Comment (2026-02-11): (Rate Lock) ucda score is [Redacted] |
02/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | C | A | B | B | D | A | N/A | No | ||||||||||||||||
| [Redact] | 10111713 | [Redact] | [Redact] | 35790146 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Payoff Statement(s) not provided | Upon further review, the file is missing a copy of the mortgage payoff for the lien paid off at closing. | Reviewer Comment (2026-02-11): Mortgage payoff provided Seller Comment (2026-02-11): (Rate Lock) payoff |
02/11/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | C | A | B | B | D | A | N/A | No | ||||||||||||||||
| [Redact] | 10111721 | [Redact] | [Redact] | 35620182 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10125919 | [Redact] | [Redact] | 35629102 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-19): Waived on Rate Lock: Collateral cleared by Custodian |
02/19/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10125920 | [Redact] | [Redact] | 35629103 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-19): Waived on Rate Lock: Collateral cleared by Custodian |
02/19/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10139382 | [Redact] | [Redact] | 35636062 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-04): Waived on Rate Lock: Collateral cleared by Custodian |
03/04/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Home Improvement | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10139382 | [Redact] | [Redact] | 35917218 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and [Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2026-02-25): Client elected to waive the condition on the Non-QM [Redacted] lien |
02/25/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Home Improvement | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| [Redact] | 10139384 | [Redact] | [Redact] | 35636525 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-27): Collateral delivered on [Redacted]via [Redacted] |
03/02/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||
| [Redact] | 10139384 | [Redact] | [Redact] | 35867751 | Compliance | Compliance | State Compliance | State Defect | [Redact] SB270 Prepayment Penalty Test 2009 Investment Test | [Redacted]: Mortgage loan contains an impermissible prepayment penalty; however Note or Prepay Addendum provides specific language that prepayment penalty will not exceed maximum permitted by applicable law. | Reviewer Comment (2026-02-24): Client elected to waive the condition. Note: it is the client's interpretation that prepayment penalty in [Redacted]is allowable under law. Reviewer Comment (2026-02-24): Elevated to the client for review Seller Comment (2026-02-24): Please send to the investor as this should be waived |
02/24/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||
| [Redact] | 10142477 | [Redact] | [Redact] | 35639131 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-19): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-18): collateral delivered [Redacted] via [Redacted] |
03/19/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | A | A | A | B | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10142477 | [Redact] | [Redact] | 36065285 | Compliance | Compliance | Federal Compliance | Missing Disclosure | Acknowledgement of Borrower Receipt of Notice of Special Flood Hazard Disclosure Missing | FDPA Notification Rule: Creditor did not retain record of borrower's receipt of Notice of Special Flood Hazard Disclosure. | Reviewer Comment (2026-03-25): Received. Seller Comment (2026-03-23): signed special flood |
03/25/2026 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Purchase | B | A | A | A | B | A | A | A | N/A | No | |||||||||||
| [Redact] | 10143468 | [Redact] | [Redact] | 35648109 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-19): Waived on Rate Lock: Collateral cleared by Custodian |
02/19/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10143549 | [Redact] | [Redact] | 35653151 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-20): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-18): Tracking Number [Redacted] |
02/20/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10143549 | [Redact] | [Redact] | 35825194 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted]([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) | Reviewer Comment (2026-02-17): Client elected to waive the condition on the Non-QM [Redacted] lien |
02/17/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 35682832 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-04): (Rate Lock) [Redacted] |
03/05/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 35930831 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Flood Certificate not provided. | Reviewer Comment (2026-03-19): Received and associated Flood Certificate. Exception Cleared Seller Comment (2026-03-19): See attached Flood Cert. Please clear. |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 35930838 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Prelim title is missing. No evidence of title in file. | Reviewer Comment (2026-03-19): Received and associated Title Commitment. Exception Cleared Seller Comment (2026-03-19): Waterfall to [Redacted] |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 35930845 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Missing Business Narrative. | Reviewer Comment (2026-03-19): Received and associated Business Narrative. Exception Cleared Seller Comment (2026-03-19): Waterfall to [Redacted] |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 35930876 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | The file was missing the following bank statements for account [Redacted]ending [Redacted],[Redacted], [Redacted], and [Redacted] and the statements for account [Redacted] for the month ending [Redacted]. | Reviewer Comment (2026-03-19): Received and associated bank statements acct [Redacted] [Redacted]5,[Redacted], [Redacted]4, and [Redacted] and acct [Redacted] for [Redacted]. Exception Cleared. Seller Comment (2026-03-19): Waterfall to [Redacted] |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 35930881 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Title Preliminary not provided | This file was missing the copy of Title Preliminary document | Reviewer Comment (2026-03-19): Received and associated Title Commitment. Exception Cleared Seller Comment (2026-03-19): See attached Prelim Title. Please clear. |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 35930932 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Loan designation failure due to ATR failure. This exception will be cleared once all ATR specific exceptions have been cured/cleared. | Reviewer Comment (2026-03-19): Received and associated lease agreement. Exception Cleared |
03/19/2026 | 1 | B | A | C | A | B | A | C | A | B | A | [Redact] | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM status | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 35930933 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO 25% Method | Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income ([Redacted]% Method) using reasonably reliable third-party records. | The file is missing the Lease Agreement for both REO's to verify the rental income used to qualify. | Reviewer Comment (2026-03-19): Received and associated lease agreement. Exception Cleared |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 35930934 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - REO 25% Method | Ability to Repay (Dodd-Frank 2014): Unable to verify Real Estate Owned income ([Redacted]% Method) using reasonably reliable third-party records. | The file is missing the Lease Agreement for both REO's to verify the rental income used to qualify. | Reviewer Comment (2026-03-19): Received and associated lease agreement. Exception Cleared |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 35930935 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Condition will be cleared when all ATR/Guideline conditions are cleared. | Reviewer Comment (2026-04-15): Documentation provided to verify the REO expenses and rental income |
04/15/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 35930938 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Income/Asset Guideline Deficiency - ATR Impact | Ability to Repay (Dodd-Frank 2014): There are guideline deficiencies related to income and/or asset doc requirements which could result in a risk to the borrower's ability to repay. (Exception is eligible to be regraded with compensating factors.) | The condition will be cleared when all ATR/Guideline conditions are cleared. | Reviewer Comment (2026-04-15): Documentation provided to verify the REO expenses and rental income |
04/15/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 35930939 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | Condition will be cleared when all ATR/Guideline conditions are cleared. | Reviewer Comment (2026-03-19): Received and associated lease agreement. Exception Cleared |
03/19/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 35931073 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | Business Narrative and [Redact] Bank Statement(s) account number ending [Redacted] for months ending [Redacted],[Redacted], [Redacted], and [Redacted] and [Redacted] Bank Statement(s) account number ending [Redacted] for months ending [Redacted] not provided. | Reviewer Comment (2026-03-19): Received and associated bank statements acct [Redacted] [Redacted],[Redacted], [Redacted]4, and [Redacted] and acct [Redacted] for [Redacted]. Exception Cleared. Seller Comment (2026-03-19): See attached Business Narrative and missing bank statements acct [Redacted][Redacted],[Redacted], [Redacted], and [Redacted] and acct [Redacted]for [Redacted]. Please clear |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 35961180 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing the lease agreement to support the rental income used to qualify. | Reviewer Comment (2026-03-19): Received and associated lease agreement. Exception Cleared Seller Comment (2026-03-19): See the attached Lease documentation for [Redacted]. Please clear. |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 35961183 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing documentation to verify the PITIA for the REO and the lease agreement to support the rental income used to qualify. | Reviewer Comment (2026-04-15): Documentation provided to verify the REO expenses and rental income Seller Comment (2026-04-15): Attached the updated 1003/1008 accurately reflect the correct structure. The HOA fee is separately disclosed and has been correctly updated on the application since the HOI/Taxes are included in the payment. The PITIA is properly documented and supported. Please Clear. Reviewer Comment (2026-04-14): Tax and insurance are included in mortgage payment $[Redacted]. HOA verified $[Redacted], however updated 1003 shows total other expenses [Redacted]. We are unable to verify the remaining expenses $[Redacted]. Please provide the documentation to verify the $[Redacted]. Exception Remains. Seller Comment (2026-04-13): The file contains all required documentation supporting the REO payment breakdown. Mortgage statement is included on Page [Redacted] of [Redacted] (Doc ID [Redacted]), property tax documentation on Page [Redacted] ([Redacted]), HOA is documented within the appraisal on Page [Redacted] ([Redacted]), hazard insurance is included on Page [Redacted] ([Redacted]), and the executed lease is included on Page [Redacted] ([Redacted]). These documents support the payment components reflected on the 1003/1008. The documentation was previously in the file or already uploaded in the file. Please Clear. Reviewer Comment (2026-04-08): Received updated 1003 and 1008, however 1003 is showing the other expenses $[Redacted]. Please provide the supporting documents for these expenses. Exception Remains. Seller Comment (2026-04-07): [Redacted] - Sent to [Redacted] - Attached the updated 1003/1008 reflecting the corrected REO payment breakdown based on the supporting mortgage statement, tax bill, lease, and insurance documentation in the file. Please Clear. Reviewer Comment (2026-04-01): Received same set of documents which was already available in file. As per the mortgage statement, taxes and insurance are escrowed for the REO property '[Redacted].' However, the final 1003 lists an 'other payments' of $[Redacted]. Please provide supporting documentation for the remaining payments. Exception Remains. Seller Comment (2026-03-31): Uploaded all the documents for the property located at [Redacted]. Please Clear. Seller Comment (2026-03-31): DOCS Reviewer Comment (2026-03-24): The document received is already in the file. As per the mortgage statement, taxes and insurance are escrowed for the REO property '[Redacted].' However, the final 1003 lists an 'other payment' of $[Redacted]. Please provide supporting documentation for this amount .Exception Remains. Seller Comment (2026-03-24): Attached the Final 1003/1008 Reviewer Comment (2026-03-19): As per the mortgage statement, the REO property at [Redacted] is escrowed. However, the final 1003 reflects monthly insurance, taxes, and HOA totaling $[Redacted], of which $[Redacted] is identified as HOA , $[Redacted] as monthly insurance and $[Redacted] as monthly tax. The remaining $[Redacted] could not be verified. Please provide a corrected 1003 and 1008.Exception Remains. Seller Comment (2026-03-19): See attached REO documentation for [Redacted]. Please clear. |
04/15/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10146578 | [Redact] | [Redact] | 36101692 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR Risk | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Risk. | As per the mortgage statement, the REO property at [Redacted]is escrowed. However, the final [Redacted] reflects monthly insurance, taxes, and HOA totaling $[Redacted], of which $[Redacted] is identified as HOA , $[Redacted] as monthly insurance and $[Redacted] as monthly tax. The remaining $[Redacted] could not be verified. Please provide a corrected 1003 and 1008.Exception Remains. | Reviewer Comment (2026-04-15): Documentation provided to verify the REO expenses and rental income |
04/15/2026 | 1 | A | A | A | A | A | [Redact] | Primary | Refinance - Rate/Term | Lender to provide updated ATR/QM Loan Designation | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||||||
| [Redact] | 10146711 | [Redact] | [Redact] | 35688243 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10146818 | [Redact] | [Redact] | 35693463 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-19): Collateral delivered on [Redacted] via [Redacted] |
02/23/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10148164 | [Redact] | [Redact] | 35704560 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-06): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-05): (Rate Lock) [Redacted] |
03/06/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10148164 | [Redact] | [Redact] | 35946431 | Compliance | Note | General | Missing, Incorrect, or Incomplete Note | Prepayment Penalty Discrepancy | Prepayment document is missing. | Reviewer Comment (2026-03-26): Prepayment Rider provided. Exception cleared. Seller Comment (2026-03-24): [Redacted] - Exception is invalid - please cancel. Prepayment Addendum located in [Redact] - folder labeled Note Addendum Prepayment - Document #[Redacted]- Pages [Redacted]-[Redacted]. Prepayment Addendum matches Note & Executed Final CD. |
03/26/2026 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10148164 | [Redact] | [Redact] | 35946434 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Prepayment document is missing. | Reviewer Comment (2026-03-20): Received Note Addendum - Prepayment. Exception cleared. Seller Comment (2026-03-20): See attached Note Addendum. Please clear. |
03/20/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||||
| [Redact] | 10148164 | [Redact] | [Redact] | 35946446 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Title Preliminary not provided | Title commitment missing. | Reviewer Comment (2026-03-20): Received Title Preliminary. Exception cleared. Seller Comment (2026-03-20): See attached Title Commitment. Please clear. |
03/20/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10148164 | [Redact] | [Redact] | 35946451 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Rider - Prepayment not provided | Rider - Prepayment is missing. | Reviewer Comment (2026-03-20): Received Rider - Prepayment. Exception cleared. Seller Comment (2026-03-20): See attached Prepayment Rider. Please clear. |
03/20/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10148164 | [Redact] | [Redact] | 35946458 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Mortgage Loan Payoff Statement not provided | Mortgage Loan Payoff Statement is missing. | Reviewer Comment (2026-03-20): Received Mortgage Loan Payoff Statement. Exception cleared. Seller Comment (2026-03-20): See attached payoff statement. Please clear. |
03/20/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10148164 | [Redact] | [Redact] | 35946480 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | The file is missing proof of the Universal Loan Identifier (ULI). | The file is missing Universal Loan Identifier (ULI). | Reviewer Comment (2026-03-26): ULI provided. Exception cleared. Seller Comment (2026-03-25): Attached the ULI number. Please Clear. Reviewer Comment (2026-03-23): Unable to locate ULI. Note, it should be [Redacted]. Seller Comment (2026-03-20): See pages [Redacted] in [Redacted] that has the ULI. Please cancel. |
03/26/2026 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10148164 | [Redact] | [Redact] | 35946484 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Reviewer Comment (2026-03-20): Received Final Title Policy. Exception cleared. Seller Comment (2026-03-20): See attached Final Title Policy. Please clear. |
03/20/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10148164 | [Redact] | [Redact] | 35946535 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant [Redacted] days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/04/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10148164 | [Redact] | [Redact] | 35970524 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Loan Underwriting and Transmittal Summary (1008) / MCAW not provided | Reviewer Comment (2026-03-20): Received Loan Underwriting and Transmittal Summary (1008) / MCAW. Exception cleared. Seller Comment (2026-03-20): See attached 1008 and 1008 notes. Please clear. |
03/20/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10148554 | [Redact] | [Redact] | 35712358 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-10): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-06): Tracking Number [Redacted] |
03/10/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10148554 | [Redact] | [Redact] | 35958924 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | The file is missing a copy of E-sign consent agreement. | Reviewer Comment (2026-03-06): E-consent provided Seller Comment (2026-03-06): econsent |
03/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10084947 | [Redact] | 35714354 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | The Transfer Taxes were increased on the CD dated [Redacted], with no valid change provided. | Reviewer Comment (2026-01-14): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2026-01-13): uploaded Reviewer Comment (2026-01-08): [Redacted] received COC which does not have the date of change also, the reason provided change in loan amount is not valid as there seems to be no change in loan amount from initial LE to final CD. Please provide information as to what changed circumstance occurred (as defined under [Redacted](e)(4)(A)-(F) that resulted in an increase in closing costs or cure would be required. Cure requirements include LOE, corrected CD, proof of mailing and copy of refund check. Buyer Comment (2026-01-07): COC uploaded Reviewer Comment (2025-12-31): [Redacted] received comment and COC stating loan amount change. However, the loan is constant from initial LE to Final CD. Kindly provide a valid COC as to why the transfer tax increased or cure due to borrower. Cure documents consist of Post CD,LOX,Copy of refund check and proof of mailing. Buyer Comment (2025-12-30): Increase based off of loan amount change |
01/14/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10084947 | [Redact] | 35714359 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Survey Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | The Survey Fee was added to the CD dated [Redacted], with no valid change provided. | Reviewer Comment (2025-12-31): [Redacted] upon review the purchase agreement states buyer will pay for survey. Buyer Comment (2025-12-30): Purchase Contract, Section 5, lines 39-67. The most relevant part of this section is line 66 which confirms two things: 1. The buyer was responsible for selecting and ordering the survey-without regard to any lender requirement. 2. The buyer had not yet selected a vendor at time of initial disclosures and so no estimated cost was yet available. Reviewer Comment (2025-12-26): [Redacted] received rebuttal comment. However, [Redacted] is unable to determine from the file whether the lender or title company requried the survey. If the lender required, the survey fee, then a cure is due to the borrower. If the borrower-chosen service provider further outsourced the Survey Fee, an attestation or comment on exception from the seller is needed. The attestation/letter should confirm that the service was outsourced by the borrower-chosen provider. This attestation would allow us to test the fee under the no tolerance category with the understanding that the new fee added on the CD was imposed by a provider through which the borrower indirectly selected. Buyer Comment (2025-12-24): Survey fee paid to [Redacted]. Per servicing provider list, not a service provider and non affiliate of lender and does not fall under tolerance limits. |
12/31/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10084947 | [Redact] | 35714362 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Contact Information - Broker | TILA-RESPA Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [Redacted] did not disclose the required Broker Contact Information (Broker Name, Broker NMLS ID, Contact Name, Contact NMLS ID). | Integrated Disclosure - Contact Information: Final Closing Disclosure provided on [Redacted] did not disclose the required Broker Contact Information | Reviewer Comment (2026-01-14): [Redacted] received corrected Letter of Explanation & Corrected Closing Disclosure. |
01/14/2026 | 2 | B | B | B | B | B | [Redact] | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [Redact] | 10084780 | [Redact] | 35714384 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | Disbursement Date Missing Test | Disbursement Date Missing: Evidence of disbursement date not found in file. Note Interest Accrual Start Date of [Redact] used as disbursement date for compliance testing. | Closing disclosure missing in the file. | Reviewer Comment (2026-01-09): CD received and associated in file; Exception cleared. Buyer Comment (2026-01-08): CD attached |
01/09/2026 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10084780 | [Redact] | 35714386 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Closing Disclosure Status Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided or Closing Disclosure not provided prior to closing. Any applicable Federal, State or Local compliance testing is unreliable or not performed. Loan is subject to high cost testing. | Closing disclosure missing in the file. | Reviewer Comment (2026-01-09): CD received and associated in file; Exception cleared. Buyer Comment (2026-01-08): attached |
01/09/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10084780 | [Redact] | 35714388 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Missing electronic consent. | Reviewer Comment (2026-01-12): E-sign consent received and associated; Exception cleared. Buyer Comment (2026-01-09): attached |
01/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10084780 | [Redact] | 35714389 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (1st Lien, Escrow Not Established) | Federal Higher-Priced Mortgage Loan (2013): Mandatory escrow account not established on 1st lien mortgage loan. | Waterfall due to: loan is identified as a Higher Priced Mortgage Loan. | Reviewer Comment (2026-01-09): CD received and associated in file; Exception cleared. Buyer Comment (2026-01-08): attached |
01/09/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | If escrow was established before consummation for one impound item but not the other (e.g. taxes but not insurance), cure available by escrowing item that was not previously included. Proof of new escrow setup required. If no escrow account was established at or before consummation, no cure available. |
C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10084780 | [Redact] | 35714390 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redact] or Final Disclosure APR of [Redact] is equal to or greater than the threshold of APOR [Redact] + 1.5%, or [Redact]. Non-Compliant Higher Priced Mortgage Loan. | Loan considered to be ""non-compliant"" due to lack of explicit documentation to evidence delivery of the appraisal to the borrower. | Reviewer Comment (2026-01-09): CD received and associated in file; Exception cleared. Buyer Comment (2026-01-08): attached |
01/09/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10084780 | [Redact] | 35714393 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Principal and Interest | TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [Redact] disclosed a Principal and Interest Payment that does not match the actual payment for the loan. | Provided CD dated [Redact] is prior to Note date; although Final CD not provided in file, [Redact] is capturing initial CD as final CD with different P&I. | Reviewer Comment (2026-01-12): [Redact] received Final CD issued [Redact] and signed [Redact] Buyer Comment (2026-01-09): CD issued [Redact] |
01/12/2026 | 1 | A | A | A | A | A | [Redact] | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [Redact] | 10084780 | [Redact] | 35714394 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Projected P&I Payment Min Payment Fixed Rate Initial Payment | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redact] disclosed a periodic principal and interest payment for payment stream 1 that does not match the actual payment for the loan. | Provided CD dated [Redact] is prior to Note date; although Final CD not provided in file, [Redact] is capturing initial CD as final CD with different P&I. | Reviewer Comment (2026-01-12): [Redact] received Final CD issued [Redact] and signed [Redact] Buyer Comment (2026-01-09): CD issued [Redact] |
01/12/2026 | 1 | A | A | A | A | A | [Redact] | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [Redact] | 10084780 | [Redact] | 35714395 | Compliance | Compliance | Federal Compliance | TRID | TRID Seller Closing Disclosure Fees seller paid fees do not match Consumer's Final CD | TILA-RESPA Integrated Disclosure: the Seller's final CD total seller paid fee amounts do not match the values used for compliance testing. | Seller paid fees on Seller's Closing Disclosure are not consistent with those reflected on the Borrower's Final Closing Disclosure | Reviewer Comment (2026-01-12): [Redact] received Final CD issued [Redact] and signed [Redact] |
01/12/2026 | 1 | A | A | A | A | A | [Redact] | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | C | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [Redact] | 10149161 | [Redact] | [Redact] | 35714403 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-27): Waived on Rate Lock: Collateral cleared by Custodian |
02/27/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10149161 | [Redact] | [Redact] | 35893239 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | 02/24/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||||
| [Redact] | 10149161 | [Redact] | [Redact] | 35895765 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing proof of taxes, insurance, and any HOA dues if applicable for the borrower's primary residence. The mortgage statement in file verified the loan did not include escrows for the taxes and insurance. | Reviewer Comment (2026-03-02): Received and associated Hazard Insurance, Tax Certificate, 1008. Exception cleared. Seller Comment (2026-02-27): [Redacted] - [Redacted]: Please see attached. |
03/02/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10149161 | [Redact] | [Redact] | 35905952 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - Not High Cost and Not Higher Priced | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). | The subject property was closed and delivered as an investment, however, there is a LOE in file from the borrower stating the subject property is a second home. The loan was not tested as Exempt and full ATR/TRID testing applies. | 02/24/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10149161 | [Redact] | [Redact] | 35905954 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-02-24): Sufficient Cure Provided At Closing |
02/24/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10149156 | [Redact] | [Redact] | 35714406 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-16): Waived on Rate Lock: Collateral cleared by Custodian |
02/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10149156 | [Redact] | [Redact] | 35795354 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] | Reviewer Comment (2026-02-12): Client elected to waive the condition on the Non-QM [Redacted]lien |
02/12/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10149158 | [Redact] | [Redact] | 35714407 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-19): Waived on Rate Lock: Collateral cleared by Custodian |
02/19/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 9769312 | [Redact] | 35731860 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Require Fraud report for Entity "[Redacted]" | Reviewer Comment (2025-12-04): Received Fraud Report Business entity. Exception Cleared Buyer Comment (2025-12-02): Fraud report for entity |
12/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 9769312 | [Redact] | 35731861 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Valuation Error: Subject photos are missing or not legible. | - | Subject Photos are missing in the appraisal report. | Reviewer Comment (2025-12-04): Received 442 with Property inspector LOX confirmed Settling in Property foundation is normal and does not effect the functionality. Exception Cleared Buyer Comment (2025-12-02): 442 with photos Reviewer Comment (2025-11-28): Received appraisal with photos however still missing 442 with Photos for Foundation inspection. Exception Remains Buyer Comment (2025-11-25): Appraisal with photos |
12/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 9769312 | [Redact] | 35731862 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Valuation Error: Comparable(s) photos are missing or not legible. | - | Comparable Photos are missing in the appraisal report. | Reviewer Comment (2025-11-28): Received appraisal with Comps photos. Exception cleared Buyer Comment (2025-11-25): see Appraisal with photos |
11/28/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 9769312 | [Redact] | 35731863 | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | On the credit report date the existing mortgage(s) must be current, which means that no more than [Redacted] days have elapsed since the last paid installment date. Missing Verification of Mortgage for J[Redacted] and #[Redacted]. DLA are prior to [Redacted] | Reviewer Comment (2025-12-04): Statement showing due for [Redacted] and no late charges showing. Reviewer Comment (2025-12-04): Received Mortgage statement # [Redacted] for [Redacted] Payment Credit report noted [Redacted] Payment. for account #[Redacted] Statement does not shows Payment date it only noted next due date of [Redacted] per Credit report DLA is[Redacted] which is not within [Redacted] days of Credit report date [Redacted] to meet look back requirement. Exception Remains Buyer Comment (2025-12-02): Most recent mortgage statements showing no late payments |
12/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10153411 | [Redact] | [Redact] | 35763343 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-23): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-19): Tracking Number [Redacted] |
02/23/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10153411 | [Redact] | [Redact] | 35838031 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - | Business Narrative Document is missing in the file | Reviewer Comment (2026-02-27): Missing statement provided; business verification provided meets the guideline requirements Reviewer Comment (2026-02-26): Received Bank statement is acceptable. Please provide the signed copy of business narrative from the borrower. Exception Remains. Seller Comment (2026-02-26): Statement Seller Comment (2026-02-26): Please advise on acceptance of business narrative to clear this condition. Will uploaded statement to other condition to clear that one. Reviewer Comment (2026-02-26): Received rental search. Please provide the business bank statement for [Redacted] from the account #[Redacted]. Also, business narrative is required. Exception Remains. Seller Comment (2026-02-25): See upload Reviewer Comment (2026-02-24): Please provide the business bank statement for [Redacted] from the account #[Redacted]. Also, business narrative is required. Exception Remains. Seller Comment (2026-02-23): Please advise if this is what you are needing. If not provide additional context. |
02/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10153411 | [Redact] | [Redact] | 35838443 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2026-02-18): Client elected to waive the condition on the Non-QM [Redacted] lien |
02/18/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| [Redact] | 10153411 | [Redact] | [Redact] | 35838456 | Credit | Missing Document | General | Missing Document | Missing Document: Account Statements - Business not provided | Missing [Redacted] Bank Statement for [Redacted]. | Reviewer Comment (2026-02-27): Business bank statement provided |
02/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10153706 | [Redact] | [Redact] | 35764276 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-27): Waived on Rate Lock: Collateral cleared by Custodian |
02/27/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Safe Harbor QM (APOR) | Safe Harbor QM (APOR) | No | |||||||||||
| [Redact] | 10153950 | [Redact] | [Redact] | 35771075 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-09): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-05): Note was received [Redacted] via tracking number [Redacted] |
03/09/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10154396 | [Redact] | [Redact] | 35773088 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-17): collateral delivered on [Redacted] via [Redacted] |
03/18/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10154398 | [Redact] | [Redact] | 35773974 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-05): Waived on Rate Lock: Collateral cleared by Custodian |
03/05/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10154398 | [Redact] | [Redact] | 35934353 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2026-03-02): Client elected to waive the condition on the Non-QM [Redacted] lien |
03/02/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10154398 | [Redact] | [Redact] | 35934359 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file. | 03/03/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10154398 | [Redact] | [Redact] | 35951135 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | 03/03/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10154995 | [Redact] | [Redact] | 35791329 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-02-27): Tracking Number [Redacted] |
03/02/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10154995 | [Redact] | [Redact] | 35922228 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three [Redacted]business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 02/26/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10154995 | [Redact] | [Redact] | 35922229 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2026-02-26): Client elected to waive the condition on the Non-QM [Redacted] lien |
02/26/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| [Redact] | 10154995 | [Redact] | [Redact] | 35922232 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Credit report Fee was last disclosed as $[Redacted] on LE but disclosed as $[Redacted] on Final Closing Disclosure. File does not contain a valid COC for this fee, nor evidence of cure in file. Provide a post-close CD disclosing the tolerance cure to include $[Redacted], a copy of refund check, proof of delivery, and a copy of the letter of explanation sent to the borrower disclosing the changes made. | Reviewer Comment (2026-02-25): Sufficient Cure Provided At Closing |
02/25/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | Final CD evidences Cure | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10154995 | [Redact] | [Redact] | 35922268 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2026-02-27): E-consent provided Seller Comment (2026-02-27): econsent |
02/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10154995 | [Redact] | [Redact] | 35925598 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - High Cost as Primary | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). If tested as primary residence, loan exceeds one or more high cost thresholds. | The initial [Redacted] identified the borrower would occupy the subject as a primary residence. The loan failed the High-Cost testing due to the prepayment penalty of [Redacted]% for [Redacted] year, exceeds the max of [Redacted]% of the amount prepaid. Note: the file contained a letter of explanation from the borrower identifying the borrower would not be occupying the subject property. | Reviewer Comment (2026-02-27): Client elected to waive the conbdition Reviewer Comment (2026-02-27): Re-graded to [Redacted]- based on attestation from borrower and documentation in file indicating investment occupancy. |
02/27/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10154994 | [Redact] | [Redact] | 35791387 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-06): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-05): Tracking Number [Redacted] |
03/06/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10154994 | [Redact] | [Redact] | 35958866 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Security Instrument - Subject Lien not provided | The notary date on the Security Instrument is incorrect as it is prior to the date the borrowers signed the SI. | Reviewer Comment (2026-03-06): [Redacted] Affidavit provided correcting the notary date Seller Comment (2026-03-05): escrow email confirmation and [Redacted] affidavit approved by [Redacted] mgmt |
03/06/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Primary | Purchase | D | A | D | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10155000 | [Redact] | [Redact] | 35791726 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-26): Waived on Rate Lock: Collateral cleared by Custodian |
03/26/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10155278 | [Redact] | [Redact] | 35794600 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-12): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-11): Tracking Number [Redacted] |
03/12/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10155278 | [Redact] | [Redact] | 36008042 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $1[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2026-03-10): Client elected to waive the condition on the Non-QM [Redacted] lien |
03/10/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10155279 | [Redact] | [Redact] | 35794642 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-04-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-04-01): (Rate Lock) [Redacted] |
04/02/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10155279 | [Redact] | [Redact] | 36182293 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Missing Tax Verififcation for primary residence. | Reviewer Comment (2026-04-13): Received updated Tax Verification. Exception Cleared. Seller Comment (2026-04-10): See attached Tax Bill. Please clear. |
04/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10155279 | [Redact] | [Redact] | 36182319 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | File does not contain documentation from lender/seller confirming the condo is warrantable | Reviewer Comment (2026-04-13): Received HOA questionnaire. Exception Cleared. Seller Comment (2026-04-10): See attached condo eligibility that includes FNMA & FHLMC. Please clear. |
04/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10155282 | [Redact] | [Redact] | 35795367 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-06): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-04): (Rate Lock) Per tracking [Redacted][Redacted][Redacted] the Note was delivered on [Redacted] |
03/06/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10155282 | [Redact] | [Redact] | 35939870 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of the Tax Verification for [Redacted], | Reviewer Comment (2026-03-06): Tax Cert provided Seller Comment (2026-03-06): (Rate Lock) tax cert with address Reviewer Comment (2026-03-04): Tax Cert provided only includes a parcel # and not an address. Unable to determine the property the tax cert belongs with. condition remains Seller Comment (2026-03-04): (Rate Lock) Tax cert for [Redacted] |
03/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10155282 | [Redact] | [Redact] | 35939884 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of Tax Verification for [Redacted]. | Reviewer Comment (2026-03-06): Tax Cert provided Seller Comment (2026-03-06): (Rate Lock) tax cert with address Reviewer Comment (2026-03-05): Tax Certificate provided only includes a parcel # and not an address. Unable to determine the property the tax cert belongs with. Condition remains. Seller Comment (2026-03-05): (Rate Lock) exception approval Reviewer Comment (2026-03-04): Tax Cert provided only includes a parcel # and not an address. Unable to determine the property the tax cert belongs with. condition remains Seller Comment (2026-03-04): (Rate Lock) Tax cert for [Redacted] |
03/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10155282 | [Redact] | [Redact] | 35940107 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted]or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted]([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] | Reviewer Comment (2026-03-03): Client elected to waive the condition on the Non-QM [Redacted] lien |
03/03/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10155282 | [Redact] | [Redact] | 35940146 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary Title Policy is within [Redacted] and does not reflect a coverage amount (no Final Title Policy in file). Unable to determine if appropriate coverage is provided. | 03/03/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10155282 | [Redact] | [Redact] | 35940191 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender exception to close in [Redacted], he owns [Redacted]% of the [Redacted] but the only party of the loan transaction. The [Redacted] agreement requires [Redacted] parties to sign on behalf of the [Redacted] since no party owns [Redacted]% so any personal guarantee would need to be signed by both parties but only one party is on the credit application. Customer Compensating Factors: [Redacted] LTV is[Redacted] below max ([Redacted]), [Redacted] DTI is[Redacted] below max ([Redacted]), $[Redacted],[Redacted] post-close reserves ([Redacted] months or [Redacted]). Loan file is missing signed Exception approval and docs in the file reflect exception request is still pending. | Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. Borrower has verified disposable income of at least $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. |
$[Redacted] post-close reserves ([Redacted] months or [Redacted]). [Redacted] DTI is [Redacted] below max ([Redacted]). [Redacted] LTV is [Redacted] below max ([Redacted]). |
[Redact],Originator Pre-Close,Aggregator [Redact] Originator Pre-Close,Aggregator,[Redact] [Redact] [Redact] Originator Pre-Close,Aggregator,[Redact] |
Reviewer Comment (2026-03-06): Client elected to waive the condition with the following Compensating Factors: [Redacted] LTV is [Redacted] below max ([Redacted]). [Redacted] DTI is [Redacted] below max ([Redacted]). $[Redacted] post-close reserves ([Redacted] months or [Redacted]). Seller Comment (2026-03-05): (Rate Lock) exception approval Reviewer Comment (2026-03-04): The document provided is not the client's exception approval form. Provide a copy of the fully executed approval form. Condition remains Seller Comment (2026-03-04): (Rate Lock) Investor Exception Approval |
03/06/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||
| [Redact] | 10155282 | [Redact] | [Redact] | 35991761 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | Upon further review, the final 1003 is incomplete. All information in sections 1a, 2, 3 and 4 are blank. Provide a copy of the completed final 1003. | Reviewer Comment (2026-03-12): Complete final 1003 provided Seller Comment (2026-03-12): (Rate Lock) signed Final 1003 Reviewer Comment (2026-03-10): Received unsigned 1003. All information in sections [Redacted] are blank. Please provide the signed copy of Provide a completed final 1003 with all information. Exception Remains. Seller Comment (2026-03-09): (Rate Lock) Final 1003 |
03/12/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| [Redact] | 10155402 | [Redact] | [Redact] | 35795469 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-09): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-05): (Rate Lock) Note delivered on [Redacted] [Redact]#[Redacted] Seller Comment (2026-03-05): (Rate Lock) Note was delivered on [Redacted] [Redacted] |
03/09/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10155402 | [Redact] | [Redact] | 35948261 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary title policy is within [Redacted] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | 03/04/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10155402 | [Redact] | [Redact] | 35948346 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Lender Exception request to allow [Redacted] Vesting where borrower is [Redacted]% owner. Guidelines require borrower to be at least [Redacted]% owner of [Redacted]. | The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. |
Client elect to waive with compensating factors: [Redacted] DTI is [Redacted] below max ([Redacted]). Client elect to waive with compensating factors:$[Redacted] post-close reserves ([Redacted] months or 6x). Client elect to waive with compensating factors: LTV is [Redacted] below max ([Redacted]). |
[Redact],Originator Pre-Close,Aggregator Originator Pre-Close,Aggregator,[Redact] Originator Pre-Close,Aggregator,[Redact] |
Reviewer Comment (2026-03-04): Client elect to waive with compensating factors: LTV is [Redacted] below max ([Redacted]). DTI is [Redacted] below max ([Redacted]). $[Redacted] post-close reserves ([Redacted] months or[Redacted]). |
03/04/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||
| [Redact] | 10155402 | [Redact] | [Redact] | 35948379 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted] (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2026-03-04): Client elected to waive the condition on the Non-QM [Redacted] lien |
03/04/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10155402 | [Redact] | [Redact] | 35991829 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | Upon further review, the final 1003 is incomplete. All information in sections [Redacted] blank. Provide a copy of the completed final 1003. | Reviewer Comment (2026-03-12): Completed executed 1003 provided Seller Comment (2026-03-12): (Rate Lock) signed Final 1003 Reviewer Comment (2026-03-10): Received unsigned 1003 which was already available in the file. All information in sections [Redacted] are blank. Please provide the signed copy of Provide a completed final 1003 with all information. Exception Remains. Seller Comment (2026-03-09): (Rate Lock) Final 1003 |
03/12/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | B | B | B | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| [Redact] | 10155399 | [Redact] | [Redact] | 35795862 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-09): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-06): (Rate Lock) Per tracking [Redacted] the Note was delivered on [Redacted] |
03/09/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10155399 | [Redact] | [Redact] | 35959175 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary Title Policy is within[Redacted] and does not reflect a coverage amount (no Final Title Policy in file). Unable to determine if appropriate coverage is provided. | 03/05/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10155399 | [Redact] | [Redact] | 35959317 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted]([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] | Reviewer Comment (2026-03-05): Client elected to waive the condition on the Non-QM [Redacted] lien |
03/05/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10155399 | [Redact] | [Redact] | 35965695 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Client exception request for the Borrower to close in [Redacted]; guarantor owns [Redacted]% of the [Redacted] but the only party of the loan transaction. The [Redacted] agreement requires [Redacted] parties to sign on behalf of the [Redacted]since no party owns [Redacted]% so any personal guarantee would need to be signed by both parties but only one party is on the credit application. The file is missing the fully executed client exception approval. | The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. Borrower has verified disposable income of at least $[Redacted]. Borrower's monthly reserves have been verified and exceed the guideline required amount by the equivalent of [Redacted] months PITIA or more. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] DTI is [Redacted] below max ([Redacted]). $[Redacted] post-close reserves ([Redacted] months or [Redacted]). |
[Redact],Originator Pre-Close,Aggregator [Redact] Originator Pre-Close,Aggregator,[Redact] [Redact] |
Reviewer Comment (2026-03-09): Client elected to waive the condition with the following Compensating Factors: [Redacted] DTI is [Redacted] below max ([Redacted]). $[Redacted] post-close reserves ([Redacted] months or[Redacted]). [Redacted] net monthly savings Seller Comment (2026-03-09): (Rate Lock) Approved exception Reviewer Comment (2026-03-06): The doc provided is not the fully executed client exception approval. It is a printout of the process. The standard exception approval form, fully executed by the client is required. Condition remains Seller Comment (2026-03-06): (Rate Lock) Approved exception |
03/09/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||
| [Redact] | 10155399 | [Redact] | [Redact] | 35965766 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three [Redacted] business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/05/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10155399 | [Redact] | [Redact] | 35991821 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | Upon further review, the final 1003 is incomplete. All information in sections [Redacted] blank. Provide a copy of the completed final 1003. | Reviewer Comment (2026-03-09): Corrected 1003 provided Seller Comment (2026-03-09): (Rate Lock) Final 1003 |
03/09/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||||||
| [Redact] | 10155874 | [Redact] | [Redact] | 35797178 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-12): (Rate Lock) [Redacted] |
03/13/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10155874 | [Redact] | [Redact] | 36030215 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three [Redacted] business days prior to closing, and appraisal was not provided at or before closing. | Verification appraisal was delivered to borrower was not provided. | 03/11/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10106410 | [Redact] | 35831533 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | Reviewer Comment (2026-02-27): Received and associated Appraisal. Exception cleared. |
02/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | |||||||||||||||
| [Redact] | 10106410 | [Redact] | 35831549 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Rent schedule is missing on lease property | - | Appraisal and comparable rent schedule is not provided | Reviewer Comment (2026-02-27): Received and associated Appraisal and Comparable Rent Schedule. Exception cleared. Seller Comment (2026-02-26): Rent Schedule in Appraisal |
02/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | |||||||||||||
| [Redact] | 10106410 | [Redact] | 35831585 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Appraisal and lease agreement is not provided. | Reviewer Comment (2026-03-04): A copy of the appraisal and comparable rent schedule was provided. |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | ||||||||||||||
| [Redact] | 10106410 | [Redact] | 35831586 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Appraisal is not provided. | Reviewer Comment (2026-03-04): Client provided updated guidance regarding the qualifying FICO method. The method was updated and the condition is no longer applicable. |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | ||||||||||||||
| [Redact] | 10106410 | [Redact] | 35852087 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | Appraisal is missing | Reviewer Comment (2026-02-27): Received and associated Appraisal. Exception cleared. Seller Comment (2026-02-26): Appraisal Attached. |
02/27/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | ||||||||||||||
| [Redact] | 10106410 | [Redact] | 35852089 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Appraisal is missing | Reviewer Comment (2026-03-04): Appraisal provided Reviewer Comment (2026-02-27): Received and associated Appraisal, however secondary valuation is not available in file, also UCDP is missing not able to determine the risk score. Please provide the secondary valuation. Exception Remains. Seller Comment (2026-02-26): Appraisal Attached. |
03/04/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | ||||||||||||||
| [Redact] | 10106410 | [Redact] | 35965777 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2026-03-12): Desk review received. Seller Comment (2026-03-12): Document |
03/12/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | ||||||||||||||||||||
| [Redact] | 10106410 | [Redact] | 35965819 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | A copy of the appraisal and comparable rent schedule was provided. The file is missing the lease agreement confirming the $[Redacted] per month rent used to qualify. | Reviewer Comment (2026-03-12): Received and associated Lease Agreement. Exception Cleared. Seller Comment (2026-03-12): Document Seller Comment (2026-03-11): documents |
03/12/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106428 | [Redact] | 35921518 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is missing | Reviewer Comment (2026-03-17): Received. Seller Comment (2026-03-17): Entity Cert Reviewer Comment (2026-03-04): Please provide the corporate resolution, two borrowers are owning the business. Exception Remains. Seller Comment (2026-03-03): documents |
03/17/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106428 | [Redact] | 35921522 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | Purchase Agreement / Sales Contract is missing. | Reviewer Comment (2026-03-04): Received and associated Purchase Agreement / Sales Contract. Exception cleared. Seller Comment (2026-03-03): PSA |
03/04/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106428 | [Redact] | 35921527 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of [Redacted]% exceeds Guideline loan to value percentage of [Redacted]%. | Reviewer Comment (2026-03-17): Based on fico of [Redacted], [Redacted]% LTV. Seller Comment (2026-03-17): Expected resolution based on guidelines provided on [Redacted] Replied [Redacted]-mid FICO eligible for [Redacted]% LTV for purchase transaction |
03/17/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106428 | [Redact] | 35934617 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of $[Redacted] per month. | Reviewer Comment (2026-03-17): Tax certs received. Added back homestead. Condition cleared. Seller Comment (2026-03-17): Underwriting conservatively used the existing tax cert totalling $[Redacted]annual property taxes and adjusted the $[Redacted] Homestead Rebate (discount) since it was not assumed to remain discounted post closing. Tax Calc uploaded for clarification. Seller Comment (2026-03-17): Tax calcs Reviewer Comment (2026-03-04): Received same tax certificate. The taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of $[Redacted] per month. Exception Remains. Seller Comment (2026-03-03): Tax Cert |
03/17/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106441 | [Redact] | 35921837 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is not provided. | Reviewer Comment (2026-03-04): Received and associated Operating agreement. Exception cleared. Seller Comment (2026-03-03): [Redacted] |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106441 | [Redact] | 35934745 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Vacant Refinance: [Redacted]% reduction in LTV using [Redacted]% of appraisal market rents | Reviewer Comment (2026-03-18): Guidelines allow us to use an [Redacted]% LTV for FICO score [Redacted]. Exception Cleared. Seller Comment (2026-03-18): See documents showing proof of occupancy status, clearing up the [Redacted]% LTV reduction you guys are applying. Should clear. Let us know if you have any questions. Reviewer Comment (2026-03-04): Based on the guideline 'Vacant Refinance: [Redacted]% reduction in LTV using [Redacted]% of appraisal market rents'. [Redacted]% of LTV is not meeting the guideline requirement. Exception Remains. Seller Comment (2026-03-03): [Redacted] |
03/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106441 | [Redact] | 35934811 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Please provide a tax certificate for $[Redacted] annually | Reviewer Comment (2026-03-18): Received and associated Tax Certificate. Exception cleared. Seller Comment (2026-03-17): Underwriting conservatively used the existing tax cert totalling $[Redacted] annual property taxes and adjusted the $[Redacted] exemption (discount) since it was not assumed to remain discounted post closing, for a total $[Redacted] taxes without the exemption. Tax Memo with image of tax cert uploaded for clarification. Seller Comment (2026-03-17): Tax Calcs Reviewer Comment (2026-03-13): Tax Certificate is showing tax amount $[Redacted]. However total monthly tax paid by borrower is $[Redacted]. Please provide the tax certificate for remaining annual tax amount of $[Redacted]. Exception Remains. Seller Comment (2026-03-12): Document Reviewer Comment (2026-03-04): Tax Certificate is showing tax amount $[Redacted]. However total monthly tax paid by borrower is $[Redacted]. Please provide the tax certificate for remaining annual tax amount of $[Redacted]. Exception Remains. Seller Comment (2026-03-03): Tax Cert |
03/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106442 | [Redact] | 35830700 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Qualifying score of [Redacted] did not meet requirement for Maximum LTV of [Redacted]%. Minimum credit score required is [Redacted]. | Reviewer Comment (2026-03-17): Condition cleared. Seller Comment (2026-03-17): Expected resolution based on guidelines provided on [Redacted] Replied [Redacted]: Exception should be cleared based on [Redacted]% LTV allowable for purchase with >[Redacted]FICO Reviewer Comment (2026-03-02): DSCR is <[Redacted] and borrowers are not foreign nationals to increase the LTV. The max LTV for a purchase with a score of [Redacted]-[Redacted]is [Redacted]%. Condition is valid and remains open. Seller Comment (2026-02-27): Guidelines: [Redacted][Redacted]FICOs: >[Redacted]x DSCR [Redacted]% increase in LTV (See page [Redacted]) Reviewer Comment (2026-02-24): Per the guidelines provided for the review, the max LTV for a purchase with a score of [Redacted]-[Redacted]is [Redacted]%. Condition is valid and remains open Seller Comment (2026-02-20): Purchase transaction [Redacted]% LTV is allowable for [Redacted] FICO score per guidelines. |
03/17/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106446 | [Redact] | 35828402 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. Coverage shortfall [Redact]. Provide updated Hazard Insurance Policy with Dwelling Coverage of at least [Redact] or Replacement Cost Estimator. | Reviewer Comment (2026-03-25): RCE email provided by the insurance company. Exception Cleared. Seller Comment (2026-03-24): email confirmation providing the proof that the HOI agent provided these figures and excel. Reviewer Comment (2026-03-24): Unable to verify the Replacement Cost Coverage identified as coming from the HOI agent. Documentation from the HOI company verifying the replacement cost or verifying the current policy has Guaranteed Replacement Cost coverage is required. Exception Remains. Seller Comment (2026-03-24): [Redact] Agent provided an Excel with the Replacement Cost Estimate (RCE) calculated at [Redact]/SF (Column H) We added Column I to calculate 80% of the RCE. Using the same methodology (consistent with reviewer comments and Fannie Mae guidelines) Insurance coverage was compared to this 80% threshold to confirm sufficiency. Column K reflects the variance between coverage and 80% of the RCE. A positive variance indicates sufficient coverage. In this case, the variance is positive, confirming coverage meets requirements. |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106446 | [Redact] | 35842946 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Representative FICO score of 709 is less than Guideline representative FICO score of 720. | Borrower's Experience/Track Record Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Client elects to waive with compensating factors: The borrower is a repeat client with 35 prior loans across FNF and DSCR and has completed 59 projects in the last 3 years, demonstrating a strong and consistent track record. The borrower also maintains ~[Redact] in liquidity. Given the borrower's experience, liquidity, and performance history, the overall credit profile remains strong and consistent with program risk parameters. Client elects to waive with compensating factors: The borrower is a repeat client with 35 prior loans across FNF and DSCR and has completed 59 projects in the last 3 years, demonstrating a strong and consistent track record. The borrower also maintains ~[Redact] in liquidity. Given the borrower's experience, liquidity, and performance history, the overall credit profile remains strong and consistent with program risk parameters. |
Aggregator Aggregator,[Redact] |
Reviewer Comment (2026-03-19): Client elects to waive with compensating factors: The borrower is a repeat client with 35 prior loans across FNF and DSCR and has completed 59 projects in the last 3 years, demonstrating a strong and consistent track record. The borrower also maintains ~[Redact] in liquidity. Given the borrower's experience, liquidity, and performance history, the overall credit profile remains strong and consistent with program risk parameters. Seller Comment (2026-03-19): Compensating Factors approved as discussed on email Reviewer Comment (2026-03-02): Per the guidelines 'Foreign Nationals: >1.30x DSCR 5% increase in LTV', file is not foreign national, by increasing the LTV will not change the FICO requirement of 720. a cash out refinance with an LTV of 75.00%, requires a FICO score of 720+. The max LTV for a cash out refi with a FICO of 700-719 is 70.00%. Condition is valid and remains open. Seller Comment (2026-02-27): Guidelines: 700-719 FICOs: >1.20x DSCR 5% increase in LTV (See page 12) Reviewer Comment (2026-02-24): Per the guidelines provided for the review, a cash out refinance with an LTV of 75.00%, requires a FICO score of 720+. The max LTV for a cash out refi with a FICO of 700-719 is 70.00%. Condition is valid and remains open Seller Comment (2026-02-20): 709 credit report allowable per guidelines, mitigated by >1.20x DSCR |
03/19/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| [Redact] | 10106447 | [Redact] | 35827659 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact], Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2026-03-25): RCE email provided by the insurance company. Exception Cleared. Seller Comment (2026-03-24): email confirmation providing the proof that the HOI agent provided these figures and excel. Reviewer Comment (2026-03-24): Unable to verify the Replacement Cost Coverage identified as coming from the HOI agent. Documentation from the HOI company verifying the replacement cost or verifying the current policy has Guaranteed Replacement Cost coverage is required. Exception Remains. Seller Comment (2026-03-24): [Redact] Agent provided an Excel with the Replacement Cost Estimate (RCE) calculated at [Redact]/SF (Column H) We added Column I to calculate 80% of the RCE. Using the same methodology (consistent with reviewer comments and Fannie Mae guidelines) Insurance coverage was compared to this 80% threshold to confirm sufficiency. Column K reflects the variance between coverage and 80% of the RCE. A positive variance indicates sufficient coverage. In this case, the variance is positive, confirming coverage meets requirements. |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106449 | [Redact] | 35831355 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | File did not contain an estimated cost to replace from insurer. Calculations are based on 80% of the insurable value of the improvements (from appraiser cost provided or if no appraiser cost the purchase price) using agency calculation methods. Coverage is insufficient by [Redact] | Reviewer Comment (2026-03-25): RCE email provided by the insurance company. Exception Cleared. Seller Comment (2026-03-24): email confirmation providing the proof that the HOI agent provided these figures and excel. Reviewer Comment (2026-03-24): Unable to verify the Replacement Cost Coverage identified as coming from the HOI agent. Documentation from the HOI company verifying the replacement cost or verifying the current policy has Guaranteed Replacement Cost coverage is required. Exception Remains. Seller Comment (2026-03-24): [Redact] Agent provided an Excel with the Replacement Cost Estimate (RCE) calculated at [Redact]/SF (Column H) We added Column I to calculate 80% of the RCE. Using the same methodology (consistent with reviewer comments and Fannie Mae guidelines) Insurance coverage was compared to this 80% threshold to confirm sufficiency. Column K reflects the variance between coverage and 80% of the RCE. A positive variance indicates sufficient coverage. In this case, the variance is positive, confirming coverage meets requirements. |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106450 | [Redact] | 35827930 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. Coverage shortfall [Redact]. Provide updated Hazard Insurance Policy with Dwelling Coverage of at least [Redact] or Replacement Cost Estimator. | Reviewer Comment (2026-03-25): RCE email provided by the insurance company. Exception Cleared. Seller Comment (2026-03-24): email confirmation providing the proof that the HOI agent provided these figures and excel. Reviewer Comment (2026-03-24): Unable to verify the Replacement Cost Coverage identified as coming from the HOI agent. Documentation from the HOI company verifying the replacement cost or verifying the current policy has Guaranteed Replacement Cost coverage is required. Exception Remains. Seller Comment (2026-03-24): [Redact] Agent provided an Excel with the Replacement Cost Estimate (RCE) calculated at [Redact]/SF (Column H) We added Column I to calculate 80% of the RCE. Using the same methodology (consistent with reviewer comments and Fannie Mae guidelines) Insurance coverage was compared to this 80% threshold to confirm sufficiency. Column K reflects the variance between coverage and 80% of the RCE. A positive variance indicates sufficient coverage. In this case, the variance is positive, confirming coverage meets requirements. |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106452 | [Redact] | 35835735 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard insurance coverage amount is insufficient. We have shortage of [Redact]. | Reviewer Comment (2026-03-25): RCE email provided by the insurance company. Exception Cleared. Seller Comment (2026-03-24): email confirmation providing the proof that the HOI agent provided these figures and excel. Reviewer Comment (2026-03-24): Unable to verify the Replacement Cost Coverage identified as coming from the HOI agent. Documentation from the HOI company verifying the replacement cost or verifying the current policy has Guaranteed Replacement Cost coverage is required. Exception Remains. Seller Comment (2026-03-24): [Redact] Agent provided an Excel with the Replacement Cost Estimate (RCE) calculated at [Redact]/SF (Column H) We added Column I to calculate 80% of the RCE. Using the same methodology (consistent with reviewer comments and Fannie Mae guidelines) Insurance coverage was compared to this 80% threshold to confirm sufficiency. Column K reflects the variance between coverage and 80% of the RCE. A positive variance indicates sufficient coverage. In this case, the variance is positive, confirming coverage meets requirements. |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106453 | [Redact] | 35839713 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Representative FICO score of 709 is less than Guideline representative FICO score of 720. | Borrower's Experience/Track Record Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Client elects to waive with compensating factors: The borrower is a repeat client with 35 prior loans across FNF and DSCR and has completed 59 projects in the last 3 years, demonstrating a strong and consistent track record. The borrower also maintains ~[Redact] in liquidity. Given the borrower's experience, liquidity, and performance history, the overall credit profile remains strong and consistent with program risk parameters. Client elects to waive with compensating factors: The borrower is a repeat client with 35 prior loans across FNF and DSCR and has completed 59 projects in the last 3 years, demonstrating a strong and consistent track record. The borrower also maintains ~[Redact] in liquidity. Given the borrower's experience, liquidity, and performance history, the overall credit profile remains strong and consistent with program risk parameters. |
Aggregator Aggregator,[Redact] |
Reviewer Comment (2026-03-19): Client elects to waive with compensating factors: The borrower is a repeat client with 35 prior loans across FNF and DSCR and has completed 59 projects in the last 3 years, demonstrating a strong and consistent track record. The borrower also maintains ~[Redact] in liquidity. Given the borrower's experience, liquidity, and performance history, the overall credit profile remains strong and consistent with program risk parameters. Seller Comment (2026-03-19): Compensating Factors approved Reviewer Comment (2026-03-02): Per the guidelines 'Foreign Nationals: >1.30x DSCR 5% increase in LTV', file is not foreign national, by increasing the LTV will not change the FICO requirement of 720, also we can't reduce 5% subject is not vacant refinance. a cash out refinance with an LTV of 75.00%, requires a FICO score of 720+. The max LTV for a cash out refi with a FICO of 700-719 is 70.00%. Condition is valid and remains open. Seller Comment (2026-02-27): Guidelines: 700-719 FICOs: >1.20x DSCR 5% increase in LTV (See page 12) Reviewer Comment (2026-02-24): Per the guidelines provided for the review, a cash out refinance with an LTV of 75.00%, requires a FICO score of 720+. The max LTV for a cash out refi with a FICO of 700-719 is 70.00%. Condition is valid and remains open Seller Comment (2026-02-20): 709 credit report allowable per guidelines, mitigated by >1.20x DSCR |
03/19/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| [Redact] | 10106454 | [Redact] | 35828226 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2026-03-25): RCE email provided by the insurance company. Exception Cleared. Seller Comment (2026-03-24): email confirmation providing the proof that the HOI agent provided these figures and excel. Reviewer Comment (2026-03-24): Unable to verify the Replacement Cost Coverage identified as coming from the HOI agent. Documentation from the HOI company verifying the replacement cost or verifying the current policy has Guaranteed Replacement Cost coverage is required. Exception Remains. Seller Comment (2026-03-24): [Redact] Agent provided an Excel with the Replacement Cost Estimate (RCE) calculated at [Redact]/SF (Column H) We added Column I to calculate 80% of the RCE. Using the same methodology (consistent with reviewer comments and Fannie Mae guidelines) Insurance coverage was compared to this 80% threshold to confirm sufficiency. Column K reflects the variance between coverage and 80% of the RCE. A positive variance indicates sufficient coverage. In this case, the variance is negative , does not meet requirement. Please raise to [Redact] to clear. |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106461 | [Redact] | 35827832 | Credit | Guideline | Guideline Issue | Guideline | The borrower has Open Public Records/Collections/Charge Off accounts. | - | Reviewer Comment (2026-02-24): Proof of satisfaction provided Seller Comment (2026-02-20): Proof of paid tax lien and closed judgment case uploade |
02/24/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106461 | [Redact] | 35828011 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Insurance coverage is insufficient by [Redact]. | Reviewer Comment (2026-03-25): RCE email provided by the insurance company. Exception Cleared. Seller Comment (2026-03-24): email confirmation providing the proof that the HOI agent provided these figures and excel. Reviewer Comment (2026-03-24): Unable to verify the Replacement Cost Coverage identified as coming from the HOI agent. Documentation from the HOI company verifying the replacement cost or verifying the current policy has Guaranteed Replacement Cost coverage is required. Exception Remains. Seller Comment (2026-03-24): [Redact] Agent provided an Excel with the Replacement Cost Estimate (RCE) calculated at [Redact]/SF (Column H) We added Column I to calculate 80% of the RCE. Using the same methodology (consistent with reviewer comments and Fannie Mae guidelines) Insurance coverage was compared to this 80% threshold to confirm sufficiency. Column K reflects the variance between coverage and 80% of the RCE. A positive variance indicates sufficient coverage. In this case, the variance is positive, confirming coverage meets requirements. |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106461 | [Redact] | 35844174 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Borrower's Experience/Track Record Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Client elects to waive with compensating factors: The borrower is a repeat client with 35 prior loans across FNF and DSCR and has completed 59 projects in the last 3 years, demonstrating a strong and consistent track record. The borrower also maintains ~[Redact] in liquidity. Given the borrower's experience, liquidity, and performance history, the overall credit profile remains strong and consistent with program risk parameters. Client elects to waive with compensating factors: The borrower is a repeat client with 35 prior loans across FNF and DSCR and has completed 59 projects in the last 3 years, demonstrating a strong and consistent track record. The borrower also maintains ~[Redact] in liquidity. Given the borrower's experience, liquidity, and performance history, the overall credit profile remains strong and consistent with program risk parameters. |
Aggregator Aggregator,[Redact] |
Reviewer Comment (2026-03-19): Client elects to waive with compensating factors: The borrower is a repeat client with 35 prior loans across FNF and DSCR and has completed 59 projects in the last 3 years, demonstrating a strong and consistent track record. The borrower also maintains ~[Redact] in liquidity. Given the borrower's experience, liquidity, and performance history, the overall credit profile remains strong and consistent with program risk parameters. Seller Comment (2026-03-19): Compensating factor approved Reviewer Comment (2026-03-02): Per the guidelines 'Foreign Nationals: >1.30x DSCR 5% increase in LTV', file is not foreign national, by increasing the LTV will not change the FICO requirement of 720. a cash out refinance with an LTV of 75.00%, requires a FICO score of 720+. The max LTV for a cash out refi with a FICO of 700-719 is 70.00%. Condition is valid and remains open. Seller Comment (2026-02-27): Guidelines: 700-719 FICOs: >1.20x DSCR 5% increase in LTV (See page 12) Reviewer Comment (2026-02-24): Per the guidelines provided for the review, a cash out refinance with an LTV of 75.00%, requires a FICO score of 720+. The max LTV for a cash out refi with a FICO of 700-719 is 70.00%. Condition is valid and remains open Seller Comment (2026-02-20): 709 credit report allowable per guidelines, mitigated by >1.20x DSCR |
03/19/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| [Redact] | 10106462 | [Redact] | 35834943 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact]. Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2026-03-25): RCE email provided by the insurance company. Exception Cleared. Seller Comment (2026-03-24): email confirmation providing the proof that the HOI agent provided these figures and excel. Reviewer Comment (2026-03-24): Unable to verify the Replacement Cost Coverage identified as coming from the HOI agent. Documentation from the HOI company verifying the replacement cost or verifying the current policy has Guaranteed Replacement Cost coverage is required. Exception Remains. Seller Comment (2026-03-24): [Redact] Agent provided an Excel with the Replacement Cost Estimate (RCE) calculated at [Redact]/SF (Column H) We added Column I to calculate 80% of the RCE. Using the same methodology (consistent with reviewer comments and Fannie Mae guidelines) Insurance coverage was compared to this 80% threshold to confirm sufficiency. Column K reflects the variance between coverage and 80% of the RCE. A positive variance indicates sufficient coverage. In this case, the variance is positive, confirming coverage meets requirements. |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106465 | [Redact] | 35843756 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. Coverage shortfall [Redact]. Provide updated Hazard Insurance Policy with Dwelling Coverage of at least [Redact] or Replacement Cost Estimator. | Reviewer Comment (2026-03-25): RCE email provided by the insurance company. Exception Cleared. Seller Comment (2026-03-24): email confirmation providing the proof that the HOI agent provided these figures and excel. Reviewer Comment (2026-03-24): Unable to verify the Replacement Cost Coverage identified as coming from the HOI agent. Documentation from the HOI company verifying the replacement cost or verifying the current policy has Guaranteed Replacement Cost coverage is required. Exception Remains. Seller Comment (2026-03-24): [Redact] Agent provided an Excel with the Replacement Cost Estimate (RCE) calculated at [Redact]/SF (Column H) We added Column I to calculate 80% of the RCE. Using the same methodology (consistent with reviewer comments and Fannie Mae guidelines) Insurance coverage was compared to this 80% threshold to confirm sufficiency. Column K reflects the variance between coverage and 80% of the RCE. A positive variance indicates sufficient coverage. In this case, the variance is positive, confirming coverage meets requirements. |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106465 | [Redact] | 35843830 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Representative FICO score of 709 is less than Guideline representative FICO score of 720. | Borrower's Experience/Track Record Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Client elects to waive with compensating factors: The borrower is a repeat client with 35 prior loans across FNF and DSCR and has completed 59 projects in the last 3 years, demonstrating a strong and consistent track record. The borrower also maintains ~[Redact] in liquidity. Given the borrower's experience, liquidity, and performance history, the overall credit profile remains strong and consistent with program risk parameters. Client elects to waive with compensating factors: The borrower is a repeat client with 35 prior loans across FNF and DSCR and has completed 59 projects in the last 3 years, demonstrating a strong and consistent track record. The borrower also maintains ~[Redact] in liquidity. Given the borrower's experience, liquidity, and performance history, the overall credit profile remains strong and consistent with program risk parameters. |
Aggregator Aggregator,[Redact] |
Reviewer Comment (2026-03-19): Client elects to waive with compensating factors: The borrower is a repeat client with 35 prior loans across FNF and DSCR and has completed 59 projects in the last 3 years, demonstrating a strong and consistent track record. The borrower also maintains ~[Redact] in liquidity. Given the borrower's experience, liquidity, and performance history, the overall credit profile remains strong and consistent with program risk parameters. Seller Comment (2026-03-19): Compensating factor approved Reviewer Comment (2026-03-02): Per the guidelines 'Foreign Nationals: >1.30x DSCR 5% increase in LTV', file is not foreign national, by increasing the LTV will not change the FICO requirement of 720, also we can't reduce 5%, subject is not vacant refinance. a cash out refinance with an LTV of 75.00%, requires a FICO score of 720+. The max LTV for a cash out refi with a FICO of 700-719 is 70.00%. Condition is valid and remains open. Seller Comment (2026-02-27): Guidelines: 700-719 FICOs: >1.20x DSCR 5% increase in LTV (See page 12) Reviewer Comment (2026-02-24): Per the guidelines provided for the review, a cash out refinance with an LTV of 75.00%, requires a FICO score of 720+. The max LTV for a cash out refi with a FICO of 700-719 is 70.00%. Exception Remains Seller Comment (2026-02-20): 709 credit report allowable per guidelines, mitigated by >1.20x DSCR |
03/19/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| [Redact] | 10106468 | [Redact] | 35833668 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) is Missing. | Reviewer Comment (2026-03-18): Received Employer Identification Number (EIN). Exception cleared. Seller Comment (2026-03-17): [Redact] is a pass through entity for [Redact] and use the same EIN. EIN for [Redact] uploaded Reviewer Comment (2026-03-04): Please provide the EIN for the business '[Redact]'. Exception Remains. Seller Comment (2026-03-03): EIN Reviewer Comment (2026-03-02): Please provide Employer Identification Number (EIN) for "[Redact]". Exception remains Seller Comment (2026-03-02): EIN |
03/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106468 | [Redact] | 36149246 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Upon further review, the LTV was updated to 75.00% since the lender used the lower ARR value to calculate the LTV. Per the guidelines, the max LTV for a cash out refinance with a representative FICO score between 700-719 is 70.00%. | The representative FICO score exceeds the guideline minimum by XX points. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. |
Client elects to waive with compensating factors: 709 Mid FICO Client elects to waive with compensating factors: $6,270,845 Liquidity |
Originator,Aggregator Originator,Aggregator,[Redact] |
Reviewer Comment (2026-03-30): Client elects to waive with compensating factors. Seller Comment (2026-03-27): exception uploaded Seller Comment (2026-03-27): uploaded |
03/30/2026 | 2 | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106469 | [Redact] | 35830112 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by [Redact] Provide updated policy reflecting minimum coverage of [Redact] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2026-03-25): RCE email provided by the insurance company. Exception Cleared. Seller Comment (2026-03-24): email confirmation providing the proof that the HOI agent provided these figures and excel. Reviewer Comment (2026-03-24): Unable to verify the Replacement Cost Coverage identified as coming from the HOI agent. Documentation from the HOI company verifying the replacement cost or verifying the current policy has Guaranteed Replacement Cost coverage is required. Exception Remains. Seller Comment (2026-03-24): [Redact] Agent provided an Excel with the Replacement Cost Estimate (RCE) calculated at [Redact]/SF (Column H) We added Column I to calculate 80% of the RCE. Using the same methodology (consistent with reviewer comments and Fannie Mae guidelines) Insurance coverage was compared to this 80% threshold to confirm sufficiency. Column K reflects the variance between coverage and 80% of the RCE. A positive variance indicates sufficient coverage. In this case, the variance is positive, confirming coverage meets requirements. |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106469 | [Redact] | 35850979 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Representative FICO score of ___ is less than Guideline representative FICO score of ___. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. Borrower's Experience/Track Record |
Client elects to waive with compensating factors: The borrower is a repeat client with 35 prior loans across FNF and DSCR and has completed 59 projects in the last 3 years, demonstrating a strong and consistent track record. The borrower also maintains ~[Redact] in liquidity. Given the borrower's experience, liquidity, and performance history, the overall credit profile remains strong and consistent with program risk parameters. Client elects to waive with compensating factors: The borrower is a repeat client with 35 prior loans across FNF and DSCR and has completed 59 projects in the last 3 years, demonstrating a strong and consistent track record. The borrower also maintains ~[Redact] in liquidity. Given the borrower's experience, liquidity, and performance history, the overall credit profile remains strong and consistent with program risk parameters. |
Aggregator,[Redact] Aggregator |
Reviewer Comment (2026-03-19): Client elects to waive with compensating factors: The borrower is a repeat client with 35 prior loans across FNF and DSCR and has completed 59 projects in the last 3 years, demonstrating a strong and consistent track record. The borrower also maintains ~[Redact] in liquidity. Given the borrower's experience, liquidity, and performance history, the overall credit profile remains strong and consistent with program risk parameters. Seller Comment (2026-03-19): Compensating factor approved Reviewer Comment (2026-03-02): Per the guidelines 'Foreign Nationals: >1.30x DSCR 5% increase in LTV', file is not foreign national, by increasing the LTV will not change the FICO requirement of 720, also we can't reduce 5%, subject is not vacant refinance. a cash out refinance with an LTV of 75.00%, requires a FICO score of 720+. The max LTV for a cash out refi with a FICO of 700-719 is 70.00%. Condition is valid and remains open. Seller Comment (2026-02-27): Guidelines: 700-719 FICOs: >1.20x DSCR 5% increase in LTV |
03/19/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| [Redact] | 10106471 | [Redact] | 35835063 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. Coverage shortfall [Redact]. Provide updated Hazard Insurance Policy with Dwelling Coverage of at least [Redact] or Replacement Cost Estimator. | Reviewer Comment (2026-03-25): RCE email provided by the insurance company. Exception Cleared. Seller Comment (2026-03-24): email confirmation providing the proof that the HOI agent provided these figures and excel. Reviewer Comment (2026-03-24): Unable to verify the Replacement Cost Coverage identified as coming from the HOI agent. Documentation from the HOI company verifying the replacement cost or verifying the current policy has Guaranteed Replacement Cost coverage is required. Exception Remains. Seller Comment (2026-03-24): [Redact] Agent provided an Excel with the Replacement Cost Estimate (RCE) calculated at [Redact]/SF (Column H) We added Column I to calculate 80% of the RCE. Using the same methodology (consistent with reviewer comments and Fannie Mae guidelines) Insurance coverage was compared to this 80% threshold to confirm sufficiency. Column K reflects the variance between coverage and 80% of the RCE. A positive variance indicates sufficient coverage. In this case, the variance is positive, confirming coverage meets requirements. |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106472 | [Redact] | 35830556 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Employer Identification Number (EIN) not provided. | Reviewer Comment (2026-03-18): Docs provided. Exception cleared. Seller Comment (2026-03-17): [Redact] is a pass through entity for [Redact] and use the same EIN. EIN for [Redact] uploaded Reviewer Comment (2026-03-04): Received EIN for '[Redact]'. Please provide the EIN for '[Redact]'. Exception Remains. Seller Comment (2026-03-03): EIN |
03/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106472 | [Redact] | 35830591 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Insurance Coverage Amount is insufficient. Coverage shortfall [Redact]. Provide updated Hazard Insurance Policy with Dwelling Coverage of at least [Redact] or Replacement Cost Estimator. | Reviewer Comment (2026-03-25): RCE email provided by the insurance company. Exception Cleared. Seller Comment (2026-03-24): email confirmation providing the proof that the HOI agent provided these figures and excel. Reviewer Comment (2026-03-24): Unable to verify the Replacement Cost Coverage identified as coming from the HOI agent. Documentation from the HOI company verifying the replacement cost or verifying the current policy has Guaranteed Replacement Cost coverage is required. Exception Remains. Seller Comment (2026-03-24): [Redact] Agent provided an Excel with the Replacement Cost Estimate (RCE) calculated at [Redact]/SF (Column H) We added Column I to calculate 80% of the RCE. Using the same methodology (consistent with reviewer comments and Fannie Mae guidelines) Insurance coverage was compared to this 80% threshold to confirm sufficiency. Column K reflects the variance between coverage and 80% of the RCE. A positive variance indicates sufficient coverage. In this case, the variance is negative, confirming coverage does not meets requirements. Please raise to [Redact] to clear. Reviewer Comment (2026-03-04): Received same Hazard insurance policy again. Hazard Insurance Coverage Amount is insufficient. Coverage shortfall [Redact]. Provide updated Hazard Insurance Policy with Dwelling Coverage of at least [Redact] or Replacement Cost Estimator. Exception Remains. Seller Comment (2026-03-03): Ins |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106486 | [Redact] | 35917057 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | The file is missing a copy of the Corporate Resolution. | Reviewer Comment (2026-03-12): Operating Agreement provided and meets guideline requirements. Exception cleared. Seller Comment (2026-03-11): Document Reviewer Comment (2026-03-04): Received Operating agreement for the different business. Please provide the Corporate Resolution for the business '[Redact]'. Exception Remains. Seller Comment (2026-03-03): Corp docs |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106486 | [Redact] | 36151322 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Upon further review, the taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of [Redact] per month. | Reviewer Comment (2026-03-27): Received and associated Tax Certificate. Exception Cleared Seller Comment (2026-03-27): uploaded |
03/27/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106494 | [Redact] | 35937657 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2026-03-04): Received and associated Business Purpose Certificate. Exception Cleared. Seller Comment (2026-03-03): Business Purpose Certificate |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||||
| [Redact] | 10106494 | [Redact] | 35937658 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | Reviewer Comment (2026-03-12): Received and associated Business Purpose Certificate. Exception cleared. Seller Comment (2026-03-12): Document Seller Comment (2026-03-11): documents |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||||
| [Redact] | 10106494 | [Redact] | 35937659 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Reviewer Comment (2026-03-04): Received and associated Closing Protection Letter. Exception Cleared. Seller Comment (2026-03-03): CPL |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||||
| [Redact] | 10106494 | [Redact] | 35937660 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Reviewer Comment (2026-03-04): Received and associated Guarantor Agreement. Exception Cleared. Seller Comment (2026-03-03): Guarantor |
03/04/2026 | 1 | D | A | D | A | D | A | D | A | D | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||||
| [Redact] | 10106494 | [Redact] | 35937727 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: Property is located in a FEMA Disaster area and has not been inspected. | - | Reviewer Comment (2026-03-04): Received and associated Appraisal & Desk Review. Exception Cleared. |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | |||||||||||||||
| [Redact] | 10106494 | [Redact] | 35937749 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | - | Reviewer Comment (2026-03-04): Received and associated Appraisal & Desk Review. Exception Cleared. |
03/04/2026 | 1 | D | A | D | A | D | A | D | A | D | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | |||||||||||||||
| [Redact] | 10106494 | [Redact] | 35937822 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Address: [Redacted] | Address: [Redacted] | Reviewer Comment (2026-03-04): Received and associated Appraisal & Desk Review. Exception Cleared. Seller Comment (2026-03-03): [Redacted] |
03/04/2026 | 1 | D | A | D | A | D | A | D | A | D | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| [Redact] | 10106494 | [Redact] | 35937864 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Reviewer Comment (2026-03-04): Received and associated Appraisal & Desk Review. Exception Cleared. |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||||
| [Redact] | 10106495 | [Redact] | 35849625 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Evidence of title is missing | Reviewer Comment (2026-03-04): Title commitment provided Reviewer Comment (2026-03-04): Received and associated Title Commitment. Title final policy is missing. Exception Remains. Seller Comment (2026-03-03): Title |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106495 | [Redact] | 35849626 | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing | Evidence of title is missing | Reviewer Comment (2026-03-04): Received and associated Title Commitment. Exception cleared. |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106497 | [Redact] | 35862424 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | The Hazard Insurance Policy Effective Date is after closing. | Hazard Insurance Policy Effective Date ___, Disbursement Date: ___ | The homeowner's insurance declarations page in the file verified an effective date of [Redacted] which is after the consummation date of [Redacted]. Provide a revised homeowner's. | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .[Redacted]. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Debt Service Coverage Ratio: [Redacted] Reserves: [Redacted]; Guideline Requirement: [Redacted] Guidelines Representative FICO: [Redacted]; Representative FICO: [Redacted] |
[Redact],Aggregator Aggregator,[Redact] Aggregator,[Redact] |
Reviewer Comment (2026-03-31): Client elected to waive the condition with compensating factors Seller Comment (2026-03-30): The letter attached confirming that there have been no losses on the policy confirming that from the closing date to the effective date there were no lapses in coverage is all we can provide at this point. Escalating to [Redacted] to see if this can be accepted. Reviewer Comment (2026-03-25): Required Hazard Insurance Policy effective [Redacted]5. The policy must have an effective date on or prior to the closing/note date [Redacted]. Exception remains Seller Comment (2026-03-24): Claims Lost History |
03/31/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| [Redact] | 10106497 | [Redact] | 35902874 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Per the guidelines, the max LTV for a cash out refinance with a representative FICO score between [Redacted] is [Redacted]%. | Reviewer Comment (2026-03-03): Client provided updated guidance regarding the qualifying FICO method. The method was updated and the condition is no longer applicable. Seller Comment (2026-03-02): Mid FICO [Redacted] using the highest score between the [Redacted]-guarantors. |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106498 | [Redact] | 35937985 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Hazard Insurance Policy missing effective and expiration dates | Reviewer Comment (2026-03-04): Received and associated Hazard Insurance Policy. Exception cleared. Seller Comment (2026-03-03): Insurance |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106505 | [Redact] | 35927113 | Credit | Missing Document | General | Missing Document | Missing Document: Condo/PUD Warranty not provided | The file is missing documentation confirming the condo project is warrantable. | Reviewer Comment (2026-03-03): Seller provided confirmation the project is non-warrantable. |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106507 | [Redact] | 35861658 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | The file was missing a copy of the Closing Protection Letter. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least 4 months. The representative FICO score exceeds the guideline minimum by at least 40 points. |
Reserves: 68.95 Representative FICO: 790 |
[Redact],Aggregator Aggregator,[Redact] |
Reviewer Comment (2026-03-31): Client elected to waive the condition with compensating factors. Reviewer Comment (2026-03-18): Client to review. Seller comment: Title was provided by [Redact] corporate office. As a direct operation, they typically do not issue CPLs. In these instances, when ordering a [Redact], we submit a copy of the title commitment in place of a CPL. Title has confirmed that they are a direct operation of [Redact] and are not an agency and that this request would be unusual for them. Additionally, we have a loan policy on file that provides the necessary title insurance coverage. Client to review and advise. Seller Comment (2026-03-17): Title was provided by [Redact] corporate office. As a direct operation, they typically do not issue CPLs. In these instances, when ordering a [Redact], we submit a copy of the title commitment in place of a CPL. Title has confirmed that they are a direct operation of [Redact] and are not an agency and that this request would be unusual for them. Additionally, we have a loan policy on file that provides the necessary title insurance coverage. Seller Comment (2026-03-17): Uploaded. |
03/31/2026 | 2 | C | B | C | B | C | B | C | B | C | B | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| [Redact] | 10106507 | [Redact] | 35905443 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | Reviewer Comment (2026-03-03): Seller provided confirmation the project is non-warrantable. Reviewer Comment (2026-03-03): We have received the same set of documents that were previously included in the file. Please Provide Condo warrantable/Project Approval. Exception Remains Seller Comment (2026-03-02): Condo questionnaire attached |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||||
| [Redact] | 10106516 | [Redact] | 35891858 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Reviewer Comment (2026-02-27): Received and associated Credit application. Exception Cleared. Seller Comment (2026-02-26): loan application cert Seller Comment (2026-02-26): Loan application |
02/27/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106516 | [Redact] | 35891860 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | Reviewer Comment (2026-03-02): Received and associated Purchase Agreement / Sales Contract. Exception cleared. Seller Comment (2026-03-02): PSA Seller Comment (2026-03-02): OFAC |
03/02/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106516 | [Redact] | 36151814 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Upon further review, the taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of [Redact] per month. | Reviewer Comment (2026-03-27): Received and associated Tax Certificate. Exception Cleared Seller Comment (2026-03-27): uploaded |
03/27/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106518 | [Redact] | 35933664 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | The file was missing a copy of the Business Purpose Certificate. | Reviewer Comment (2026-03-04): Received and associated Business Purpose Certificate. Exception cleared. Seller Comment (2026-03-03): BP |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106518 | [Redact] | 35933666 | Credit | Missing Document | General | Missing Document | Missing Document: Cash-Out Utilization not provided | The file was missing a copy of the Cash-out Utilization. | Reviewer Comment (2026-03-05): Received and associated Business Purpose Certificate. Exception cleared. |
03/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106518 | [Redact] | 35933667 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | The file was missing a copy of the Flood Certificate. | Reviewer Comment (2026-03-04): Received and associated Flood Certificate. Exception cleared. Seller Comment (2026-03-03): Insurance |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106518 | [Redact] | 35933670 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | The file was missing a copy of the Hazard Insurance Policy. | Reviewer Comment (2026-03-05): HOI dec page provided |
03/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106518 | [Redact] | 35933677 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | The file was missing a copy of the HUD/CD. | Reviewer Comment (2026-03-05): Closing statement provided Reviewer Comment (2026-03-04): Received and associated Closing Statement. Exception cleared. Seller Comment (2026-03-03): HUD Seller Comment (2026-03-03): Insurance |
03/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106518 | [Redact] | 35935195 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Please provide 2025 tax certificate for [Redact] annually | Reviewer Comment (2026-03-19): Tax worksheet provided. Reviewer Comment (2026-03-18): As per the closing statement, D0128 taxes are [Redact] monthly. The provided tax certificate does not match the closing statement, as it shows County taxes of [Redact] and City taxes of [Redact]. Please provide a tax certificate that supports the monthly tax amount of [Redact]. Exception Remains Seller Comment (2026-03-18): Per [Redact], providing the workbook and the fact that we are conservative on the taxes we escrowed not UNDER escrowing these should all be clearing. Please advise if you are seeing something else Reviewer Comment (2026-03-18): Received Tax certificate however tax amount used is higher than the lender used tax amount for the qualification [Redact] annually. We are unable to determine the lender used tax amount. Please provide tax certificate which lender used for the qualification. Exception Remains. Seller Comment (2026-03-17): Underwriting conservatively used the purchase price for the adjusted tax amount to avoid a tax shortage post closing. Tax calc uploaded for clarification. Seller Comment (2026-03-17): Tax Calc Reviewer Comment (2026-03-12): Received the Tax Certificate showing a annually amount of [Redact] and [Redact]. However, the final Closing statement reflects property taxes of [Redact] per annually. Please provide a corrected HUD or supporting documentation to verify the annually tax amount of [Redact]. Exception Remains Seller Comment (2026-03-12): Document Seller Comment (2026-03-11): Document Reviewer Comment (2026-03-04): Received a Tax Certificate doesn't not match with Final HUD. However, the lender must provide the correct Tax Certificate or HUD supporting the tax value used to qualify. Exception Remains. Seller Comment (2026-03-03): Tax Cert |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106518 | [Redact] | 35936948 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Reviewer Comment (2026-03-04): Received and associated Closing Protection Letter. Exception cleared. Seller Comment (2026-03-03): CPL |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106518 | [Redact] | 35984191 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Upon further review, the file is missing a copy of the Guaranty Agreement. | Reviewer Comment (2026-03-17): Received and associated Guarantor Agreement. Exception Cleared. Seller Comment (2026-03-17): OA uploaded. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106519 | [Redact] | 35891027 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Reviewer Comment (2026-03-02): Received and associated 1003. Exception cleared. Seller Comment (2026-02-27): Loan application cert attached Seller Comment (2026-02-27): Loan Application attached |
03/02/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106537 | [Redact] | 35890886 | Credit | Guideline | Guideline Issue | Guideline | The borrower has Open Public Records/Collections/Charge Off accounts. | - Public Record type: ___; Account Status: ___ Public Record type: ___; Account Status: ___ |
Borrower's Experience/Track Record Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
Client elects to waive with compensating factors: experienced borrower with [Redacted]-rental properties held Client elects to waive with compensating factors: $[Redacted] net worth and $[Redacted] cash out proceeds. |
Originator,Aggregator Originator,Aggregator,[Redact] [Redact] |
Reviewer Comment (2026-03-30): Client elects to waive with compensating factors. Reviewer Comment (2026-03-20): Client to review and advise if they wish to approve exception with compensating factors. Seller Comment (2026-03-19): Additionally, we have a loan policy on file that provides the necessary title insurance coverage. Reviewer Comment (2026-03-05): Elevated to the client for review for a possible exception. Seller Comment (2026-03-02): Exception approved for $[Redacted]judgment based on the following strengths & mitigating factors: [Redacted] $[Redacted] net worth, [Redacted] $[Redacted] cash out proceeds, ([Redacted]) >[Redacted]x DSCR, ([Redacted]) experienced borrower with [Redacted] -rental properties held, ([Redacted]) nominal $[Redacted] amount below $[Redacted] and ([Redacted]) aged outside of [Redacted] $[Redacted] was the demand amount, no judgment was entered and case dismissed [Redacted] |
03/30/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | |||||||||||
| [Redact] | 10106540 | [Redact] | 35926044 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Please provide [Redacted] tax certificate for $[Redacted] per month per HUD-1. | Reviewer Comment (2026-03-12): Received and associated Tax Certificate. Exception cleared. Seller Comment (2026-03-12): Document Reviewer Comment (2026-03-04): Tax cert provided was the same as the tax cert in the initial file and verified annual taxes of $[Redacted]. Provide a tax cert or proof of calculation for the taxes of $[Redacted] used to qualify. Exception remains Seller Comment (2026-03-03): Tax Cert |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106541 | [Redact] | 35917268 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Missing Tax Cert to verify Taxes used on Final HUD. | Reviewer Comment (2026-03-12): Received and associated Tax Certificate. Exception cleared. Seller Comment (2026-03-12): Document Seller Comment (2026-03-11): Document Reviewer Comment (2026-03-03): Received a Tax Certificate for a different property. The lender must provide the correct Tax Certificate supporting the tax value used to qualify. Exception Remains. Seller Comment (2026-03-02): Tax Bill |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106544 | [Redact] | 35930602 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Certificate of Good Standing is not provided. | Reviewer Comment (2026-03-04): Received and associated Certificate of Good Standing. Exception cleared. Seller Comment (2026-03-03): [Redacted] |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106544 | [Redact] | 35930604 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Corporate Resolution is not provided. | Reviewer Comment (2026-03-04): Documentation provided Seller Comment (2026-03-03): Corporate Resolution |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106544 | [Redact] | 35930605 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | HUD/CD is not provided. | Reviewer Comment (2026-03-04): HUD provided Seller Comment (2026-03-03): HUD Seller Comment (2026-03-03): Corporate Resolution |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106555 | [Redact] | 35893388 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | The file is missing a copy of the credit application for the guarantor(s) | Reviewer Comment (2026-03-13): Credit application provided |
03/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106558 | [Redact] | 35892213 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | The file is missing a copy of the credit application for the guarantor(s) | Reviewer Comment (2026-03-13): Credit application provided |
03/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106558 | [Redact] | 35892218 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Closing Protection Letter not provided. | Reviewer Comment (2026-03-13): CPL provided |
03/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106558 | [Redact] | 35892231 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Hazard Insurance Policy not provided. | Reviewer Comment (2026-03-04): Received Hazard insurance policy. Exception Cleared. Seller Comment (2026-03-03): Page 214 |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106562 | [Redact] | 35936650 | Credit | Guideline | Guideline Issue | Guideline | The borrower has Open Public Records/Collections/Charge Off accounts. | - Public Record type: ___; Account Status: ___ Public Record type: ___; Account Status: ___ |
Tax Liens do not total > $[Redacted] so they are not required to be paid off per guidelines. | The qualifying DSCR on the loan is greater than the guideline minimum. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
Client elects to waive with compensating factors: [Redacted] DSCR Client elects to waive with compensating factors: $[Redacted] net worth, $[Redacted] verified liquidity |
Originator,Aggregator Originator,Aggregator,[Redact] |
Reviewer Comment (2026-03-30): Client elects to waive with compensating factors. Reviewer Comment (2026-03-19): Lender exception request for Tax Liens not being paid off. Client to review and advise if approved. Seller Comment (2026-03-18): Exception Provided. |
03/30/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| [Redact] | 10106571 | [Redact] | 35872424 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | The file was missing 1003 Final. | Reviewer Comment (2026-03-02): Received and associated 1003 Final. Exception cleared. Seller Comment (2026-02-27): Loan Application |
03/02/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106571 | [Redact] | 35872430 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | The file was missing Articles of Organization. | Reviewer Comment (2026-03-03): Received Articles of Organization. Exception Cleared. Seller Comment (2026-03-02): Articles |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106571 | [Redact] | 35872431 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The file was missing Certificate of Good Standing. | Reviewer Comment (2026-03-03): Received Certificate of Good Standing. Exception Cleared. Seller Comment (2026-03-02): Certificate of Good Standing |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106571 | [Redact] | 35872434 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | The file was missing Corporate Resolution. | Reviewer Comment (2026-03-03): Received Corporate Resolution. Exception Cleared. Seller Comment (2026-03-02): Corporate Resolution |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106571 | [Redact] | 35872439 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | The file was missing Employer Identification Number (EIN). | Reviewer Comment (2026-03-02): Received and associated Employer Identification Number (EIN). Exception cleared. Seller Comment (2026-02-27): EIN attached |
03/02/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106571 | [Redact] | 35872440 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | The file was missing Operating Agreement. | Reviewer Comment (2026-03-03): Received Operating Agreement. Exception Cleared. Seller Comment (2026-03-02): Operating Agreement Seller Comment (2026-03-02): Operating Agreement and Corp documents |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106575 | [Redact] | 35872448 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | Reviewer Comment (2026-03-03): Seller provided confirmation the project is non-warrantable. Reviewer Comment (2026-03-03): Please Provide Condo warrantable/Project Approval. Exception Remains Seller Comment (2026-03-02): Condo questionnaire attached Seller Comment (2026-03-02): Condo Questionnaire |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| [Redact] | 10106577 | [Redact] | 35835602 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to a FEMA disaster. | The most recent dated valuation inspection is [Redacted] dated prior to a FEMA disaster [Redacted] | Reviewer Comment (2026-03-13): Post-disaster inspection provided Seller Comment (2026-03-12): Document Reviewer Comment (2026-03-11): The post-disaster inspection provided was completed by the Lender/Seller. A third party post-disaster inspection is required. Condition is valid and remains open |
03/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106577 | [Redact] | 35857731 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Calculated loan to value percentage of [Redacted]% exceeds Guideline loan to value percentage of [Redacted]%. | The Debt Service Coverage Ratio (DSCR) is greater than the guideline requirement by .[Redacted]. The representative FICO score exceeds the guideline minimum by [Redacted] points. |
Client elects to waive with compensating factors: Strong DSCR [Redacted] Client elects to waive with compensating factors:[Redacted] FICO |
Originator,Aggregator,[Redact] Originator,Aggregator |
Reviewer Comment (2026-03-30): Client elects to waive with compensating factors. Seller Comment (2026-03-24): Flipping to [Redacted] to review Reviewer Comment (2026-03-24): Received exception form for LTV. Please provide the exception approval in the [Redacted] exception form. Exception Remains. Seller Comment (2026-03-23): [Redacted] Internal Exception Granted for this specific Loan. Please escalate to [Redacted] for review. Thanks Reviewer Comment (2026-03-17): [Redacted] required for Cash Out. Condition remains. Seller Comment (2026-03-17): Expected resolution based on guidelines provided on [Redacted] Exception should be cleared based on [Redacted]% LTV allowable for [Redacted] FICO with >[Redacted]x DSCR Reviewer Comment (2026-03-02): Guidelines provided for review does not have additional tolerances to allow a [Redacted]% increase in LTV with a DSCR > [Redacted]. The condition is valid and remains open Seller Comment (2026-03-02): Guidelines: [Redacted]-[Redacted] FICOs: >[Redacted]x DSCR [Redacted]% increase in LTV |
03/30/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| [Redact] | 10106579 | [Redact] | 35837180 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to a FEMA disaster. | The subject property is located in a FEMA disaster area that does not have a declared end date. The appraisal was performed after the FEMA declaration start date but prior to the declared end date [Redacted]. | Reviewer Comment (2026-03-13): Post-disaster inspection provided Seller Comment (2026-03-12): Document Reviewer Comment (2026-03-11): The post-disaster inspection provided was completed by the Lender/Seller. A third party post-disaster inspection is required. Condition is valid and remains open |
03/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106579 | [Redact] | 35859993 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Borrower did not meet minimum score requirements for [Redacted]% LTV. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The qualifying DSCR on the loan is greater than the guideline minimum. |
Reserves: [Redacted] The DSCR of [Redacted] is greater than the minimum required DSCR of [Redacted]. |
[Redact],Aggregator Aggregator |
Reviewer Comment (2026-03-31): Client elected to waive the condition with compensating factors. Seller Comment (2026-03-24): Flipping to [Redacted] to review Reviewer Comment (2026-03-17): [Redacted] FICO required for [Redacted]% LTV for Cash Out. Guidelines do not state that there is a [Redacted]% increase for [Redacted] DSCR. Condition remains. Seller Comment (2026-03-17): "Expected resolution based on guidelines provided on [Redacted] Exception should be cleared based on [Redacted]% LTV allowable for [Redacted]FICO with >[Redacted]x DSCR " Reviewer Comment (2026-03-02): Guidelines provided for review does not have additional tolerances to allow a [Redacted]% increase in LTV with a DSCR > [Redacted]. The condition is valid and remains open Seller Comment (2026-03-02): Guidelines: [Redacted]-[Redacted] FICOs: >[Redacted]x DSCR [Redacted]% increase in LTV |
03/31/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||
| [Redact] | 10106580 | [Redact] | 35852167 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to a FEMA disaster. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos, and the property must be re-inspected on or after [Redacted] declared end date. | Reviewer Comment (2026-03-13): Post-disaster inspection provided Seller Comment (2026-03-12): Document Reviewer Comment (2026-03-11): The post-disaster inspection provided was completed by the Lender/Seller. A third party post-disaster inspection is required. Condition is valid and remains open |
03/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106582 | [Redact] | 35939429 | Credit | Missing Document | General | Missing Document | Missing Document: Condo/PUD Warranty not provided | The file is missing documentation confirming the condo projects ([Redacted]) are warrantable. | Reviewer Comment (2026-03-03): Seller provided confirmation the project is non-warrantable. |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106582 | [Redact] | 36151883 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | Upon further review, the file is missing a copy of the purchase agreement that identifies the sales price for each property. The doc in file provides the gross sales price of $[Redacted] only. Note: the allocated loan amount for each property was also not located in the file. | Reviewer Comment (2026-03-31): Addendum to contract verifying the allocated loan amount and purchase price for each property was provided Seller Comment (2026-03-31): Purchase price allocation uploaded. Please clear. Reviewer Comment (2026-03-30): Provided purchase agreement doesn't include all the properties also unable to determine the unit classification. Please provide the purchase agreement including all the properties with the purchase price. Exception Remains. Seller Comment (2026-03-27): uploaded purchase price allocation and allocated loan amounts per property on the individual loan level and combined, PSA, PSA Assignment, PSA Amendments, final Purchase Price $[Redacted] across [Redacted]-loan #[Redacted], [Redacted], [Redacted]. [Redacted][Redacted] Unit [Redacted] was removed from the purchase ($[Redacted] purchase price) and borrower purchased cash outside these loan transactions. Reference the Exhibit A within the PSA [Redacted] Addendum representing each loan closed purchase price for the subject properties. Seller Comment (2026-03-27): uploaded purchase price allocation and allocated loan amounts per property on the individual loan level and combined, PSA, PSA Assignment, PSA Amendments, final Purchase Price $[Redacted] across [Redacted]-loan #[Redacted], [Redacted], [Redacted]. [Redacted][Redact] Unit [Redacted] was removed from the purchase ($[Redacted] purchase price) and borrower purchased cash outside these loan transactions. Reference the Exhibit A within the PSA [Redacted] Addendum representing each loan closed purchase price for the subject properties. |
03/31/2026 | 1 | A | A | A | A | A | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||||||||
| [Redact] | 10106585 | [Redact] | 35827789 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | The file is missing documentation confirming the condo project is warrantable. | Reviewer Comment (2026-03-03): Seller provided confirmation the project is non-warrantable. |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| [Redact] | 10106588 | [Redact] | 35828014 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | The file is missing a copy of the Final 1003. | Reviewer Comment (2026-03-12): Received and associated Credit Application. Exception Cleared. Seller Comment (2026-03-11): Loan Application Attached |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106588 | [Redact] | 35828048 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | The file is missing documentation confirming the condo project is warrantable. | Reviewer Comment (2026-03-03): Seller provided confirmation the project is non-warrantable. |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| [Redact] | 10106589 | [Redact] | 35827345 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | The file is missing documentation confirming the condo project is warrantable. | Reviewer Comment (2026-03-03): Seller provided confirmation the project is non-warrantable. |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| [Redact] | 10106590 | [Redact] | 35827701 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | Reviewer Comment (2026-03-03): Seller provided confirmation the project is non-warrantable. |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106601 | [Redact] | 35935701 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | File does not contain documentation from lender/seller confirming condos are warrantable. | Reviewer Comment (2026-03-03): Seller provided confirmation the project is non-warrantable. Seller Comment (2026-03-03): Confirming condo is non-warrantable. Per [Redacted] this will clear. Please advise. |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106601 | [Redact] | 35935910 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Address: [Redacted] | The taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of $[Redacted] per month. | Reviewer Comment (2026-03-12): Received and associated Tax Certificate. Exception cleared. Seller Comment (2026-03-12): Document Reviewer Comment (2026-03-04): Received a Tax Certificate for all properties. The lender must provide the correct Tax Certificate supporting the tax value used to qualify. Exception Remains. Seller Comment (2026-03-03): [Redacted] |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106602 | [Redact] | 35926391 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | The file was missing a copy of the Credit Application. | Reviewer Comment (2026-03-13): Credit application provided |
03/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106602 | [Redact] | 35926395 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | The file is missing a copy of the Credit Report. | Reviewer Comment (2026-03-04): Received and associated Credit Report. Exception cleared. Seller Comment (2026-03-03): 1003 Seller Comment (2026-03-03): Credit |
03/04/2026 | 1 | D | A | D | A | D | A | D | A | D | A | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106602 | [Redact] | 35927528 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | Reviewer Comment (2026-03-03): Seller provided confirmation the project is non-warrantable. |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||||
| [Redact] | 10106604 | [Redact] | 35923359 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of $[Redacted] per month. | Reviewer Comment (2026-03-12): Received and associated Tax Certificate. Exception cleared. Seller Comment (2026-03-12): Document Seller Comment (2026-03-11): Document Reviewer Comment (2026-03-04): The lender calculated property taxes of $[Redacted] per month on the HUD, which is higher than the actual annual tax amount of $[Redacted] annually shown on the tax certificate. This creates an difference of $[Redacted] per month. Exception Remains. Seller Comment (2026-03-03): Taxes on HUD are higher than actual provided on tax cert. Please advise on what exception is. Reviewer Comment (2026-03-03): Received the Tax Certificate showing an annual amount of $[Redacted]. However, the final HUD reflects Property Taxes of $[Redacted] per month. Please provide a corrected HUD or supporting documentation to verify the tax amount of $[Redacted] per month. Exception Remains. Seller Comment (2026-03-02): Attached is copy of Tax Cert from Title & copy of Tax Calc by UW |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106605 | [Redact] | 35925443 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of $[Redacted] per month. | Reviewer Comment (2026-03-12): Received and associated Tax Certificate. Exception cleared. Seller Comment (2026-03-12): Document Reviewer Comment (2026-03-04): Tax cert provided was the same as the tax cert in the initial file and verified annual taxes of $[Redacted]. Provide a tax cert or proof of calculation for the taxes of $[Redacted] used to qualify. Exception remains Seller Comment (2026-03-03): Tax cert |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106625 | [Redact] | 35929280 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Deeds / Warranty / Grant / Quit-Claim is missing. | Reviewer Comment (2026-03-20): Received Deeds / Warranty / Grant / Quit-Claim. Exception cleared. Seller Comment (2026-03-20): Deed and guaranty uploaded Seller Comment (2026-03-20): providing all [Redacted]again Seller Comment (2026-03-20): providing all [Redacted] again Reviewer Comment (2026-03-18): Deed/Warranty/Grant/Quit-Claim is not provided. Exception Remains Seller Comment (2026-03-17): Uploaded Seller Comment (2026-03-17): Uploaded. Reviewer Comment (2026-03-12): Received the security instrument; however, the Deed/Warranty/Grant/Quit-Claim is still required. Exception Remains Seller Comment (2026-03-11): Document Reviewer Comment (2026-03-04): Deeds / Warranty / Grant / Quit-Claim is not received. Exception Remains Seller Comment (2026-03-03): Guaranty Seller Comment (2026-03-03): DOT |
03/20/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106625 | [Redact] | 35929283 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | Guarantor Agreement is not provided. | Reviewer Comment (2026-03-18): Received and associated Guarantor Agreement. Exception cleared. Seller Comment (2026-03-17): Uploaded |
03/18/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106625 | [Redact] | 35929295 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] | 02/28/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106629 | [Redact] | 35924712 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $[Redacted] is less than Cash from Borrower $[Redacted]. | Reviewer Comment (2026-03-19): Received and associated Bank statant. Exception cleared. Seller Comment (2026-03-19): Exception should be cleared, uploaded liquidity memo, including an enlarged image of the [Redacted] statement and bank statement activity history representing $[Redacted] balance as of [Redacted]. Reviewer Comment (2026-03-13): Received same bank statements and the activity statement provided for account #[Redacted] doesn't show the balance and its not legible. Please provide additional bank statement to meet the asset requirement. Exception Remains. Seller Comment (2026-03-12): Document |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106629 | [Redact] | 35924753 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [Redacted] is less than Guideline PITIA months reserves of [Redacted]. | Reviewer Comment (2026-03-19): Received and associated Bank statant. Exception cleared. Seller Comment (2026-03-19): Exception should be cleared, uploaded liquidity memo, including an enlarged image of the [Redacted] statement and bank statement activity history representing $[Redacted] balance as of [Redacted]. |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106629 | [Redact] | 35935329 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of $[Redacted] per month. | Reviewer Comment (2026-03-19): Received and associated Tax Certificate. Exception Cleared Seller Comment (2026-03-19): Tax workbook calc uploaded Reviewer Comment (2026-03-05): Received Tax Information annually showing $[Redacted]. However qualified annual tax is $[Redacted]. Please provide the tax certificate for the remaining tax amount. Exception Remains. Seller Comment (2026-03-03): Tax Cert |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106631 | [Redact] | 35918471 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Reviewer Comment (2026-03-12): Received and associated Tax Certificate. Exception cleared. Seller Comment (2026-03-12): Document Reviewer Comment (2026-03-03): Received the Tax Certificate showing an annual amount of $[Redacted]. However, the final HUD reflects Property Taxes of $[Redacted] per month. Please provide a corrected HUD or supporting documentation to verify the tax amount of $[Redacted] per month. Exception Remains. Seller Comment (2026-03-02): Tax Cert |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106632 | [Redact] | 35927486 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of $[Redacted] per month. | Reviewer Comment (2026-03-04): Received the associated Tax Certificate showing an annual amount of $[Redacted]. Exception Cleared Seller Comment (2026-03-03): Tax Cert Uploaded Seller Comment (2026-03-03): Tax Cert |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106633 | [Redact] | 35926003 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of $[Redacted] per month. | Reviewer Comment (2026-03-12): Received and associated Tax Certificate. Exception cleared. Seller Comment (2026-03-12): Document Reviewer Comment (2026-03-04): Tax cert provided was the same as the tax cert in the initial file and verified annual taxes of $[Redacted]. Provide a tax cert or proof of calculation for the taxes of $[Redacted] used to qualify. Exception remains Seller Comment (2026-03-03): Tax Cert |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106633 | [Redact] | 35926102 | Credit | Guideline | Guideline Issue | Guideline | The borrower has Open Public Records/Collections/Charge Off accounts. | - Public Record type: ___; Account Status: ___ | Lien is less than $[Redacted]and is not required to be paid per guidelines. | Reviewer Comment (2026-03-20): Received Lender Exception is approved. Exception cleared. Seller Comment (2026-03-19): Exception should be cleared based on lien is less than $[Redacted] and is not required to be paid per guidelines. Exception approval uploaded. |
03/20/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||
| [Redact] | 10106636 | [Redact] | 35922380 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Taxes do not match the HUD (recent build) | Reviewer Comment (2026-03-03): Received the associated Tax Certificate showing an annual amount of $[Redacted]. Exception Cleared. Seller Comment (2026-03-02): Attached is copy of Tax Cert from Title & copy of Tax Calc by UW Seller Comment (2026-03-02): Tax Cert |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106644 | [Redact] | 35928019 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | - | Fraud Report for Guarantor - Individual(s) not provided. | Reviewer Comment (2026-03-04): Received and associated Fraud Report. Exception cleared. Seller Comment (2026-03-03): [Redacted] to order fraud reports. Please clear |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| [Redact] | 10106644 | [Redact] | 35928039 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Fraud Report for Guarantor - Individual(s) not provided. | Reviewer Comment (2026-03-04): Received and associated Fraud Report. Exception cleared. Seller Comment (2026-03-03): [Redacted] to order Fraud Report. Please clear |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106644 | [Redact] | 35928236 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of $[Redacted] per month. | Reviewer Comment (2026-03-12): Received and associated Tax Certificate. Exception cleared. Seller Comment (2026-03-12): Document Seller Comment (2026-03-11): Document Reviewer Comment (2026-03-04): The lender calculated property taxes of $[Redacted] per month on the Closing Statement, which is higher than the actual monthly tax amount of $[Redacted] reflected on the tax certificate. The lender's calculation results in an annual tax amount of $[Redacted] ($[Redacted]). Please provide a corrected tax certificate or other documentation verifying the tax amount used by the lender to qualify of $[Redacted] per month. Exception Remains. Seller Comment (2026-03-03): Tax Cert |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106644 | [Redact] | 35928416 | Credit | Credit | Credit Documentation | Credit | Background check is missing. | - | Background Check for Guarantor - Individual(s) not provided. | Reviewer Comment (2026-03-04): Received and associated Fraud Report. Exception cleared. Seller Comment (2026-03-03): [Redacted] |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| [Redact] | 10106644 | [Redact] | 35928417 | Credit | Credit | Credit Documentation | Credit | Background check is missing. | - | Background Check for Guarantor - Individual(s) not provided. | Reviewer Comment (2026-03-04): Received and associated Fraud Report. Exception cleared. Seller Comment (2026-03-03): Please reference other exception for missing [Redacted]. |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||
| [Redact] | 10106650 | [Redact] | 35913934 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of $[Redacted] per month. | Reviewer Comment (2026-03-12): Received and associated Tax Certificate. Exception cleared. Seller Comment (2026-03-12): Document Reviewer Comment (2026-03-03): Received the Tax Certificate showing an annual amount for state tax is $[Redacted] and City tax is $[Redacted]. However, the final HUD reflects Property Taxes of $[Redacted] per month. Please provide a corrected HUD or supporting documentation to verify the tax amount of $[Redacted] per month. Exception Remains. Seller Comment (2026-03-02): tax cert |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106650 | [Redact] | 35913935 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | The file is missing documentation from the seller confirming the condo is warrantable. Note: the HOA questionnaire in file from the HOA is not acceptable. | Reviewer Comment (2026-03-03): Seller provided confirmation the project is non-warrantable. Reviewer Comment (2026-03-03): We have received the HOA Questionnaire that was previously provided. Lender or seller must provide confirmation that the condo is warrantable or Project Approval. Exception Remains. Seller Comment (2026-03-02): Condo questionnaire attached Seller Comment (2026-03-02): Non-Warrantable Condo |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| [Redact] | 10106650 | [Redact] | 35913938 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | Per the guidelines, [Redacted] months statements are required. The file only contained page [Redacted] of [Redacted] month with an end date of [Redacted]. Provide the complete statements for [Redacted] consecutive months. | Reviewer Comment (2026-03-03): Received two consecutive months of bank statements from [Redacted] Investments. Exception cleared. Seller Comment (2026-03-02): $[Redacted] verified liquidity. Guidelines do not require reserves to be held in escrow. |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||
| [Redact] | 10106652 | [Redact] | 35843016 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | The file is missing Flood Certificate. | Reviewer Comment (2026-03-02): Flood Cert provided Seller Comment (2026-03-02): floodcert |
03/02/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106652 | [Redact] | 35843017 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | File is missing a copy of Hazard Insurance Policy. | Reviewer Comment (2026-03-02): HOI provided Seller Comment (2026-03-02): hazard insurance |
03/02/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106652 | [Redact] | 35845086 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of ___ is less than Guideline PITIA months reserves of ___. | Calculated PITIA months reserves of [Redacted] is less than Guideline PITIA months reserves of [Redacted]. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Representative FICO: [Redacted] | [Redact],Aggregator [Redact] |
Reviewer Comment (2026-03-31): Client elected to waive the condition with compensating factors. Seller Comment (2026-03-26): Uploaded copy of EMD check received from an escrow account, no further verification required. Reviewer Comment (2026-03-25): Received Check showing EMD $[Redacted]. Please provide the bank statement showing source of EMD $[Redacted]. Exception remains. Seller Comment (2026-03-24): Proof of EMD shown, now should be able to clear this exception taking out [Redacted] from your calculation and using the previous memo uploaded it should be satisfied. Reviewer Comment (2026-03-24): Please provide the asset documentation to meet the reserve requirement. Exception Remains. Seller Comment (2026-03-23): Please see liquidity analysis. We do not require proof of EMD this is something escrow handles verification off. Please let us know if there is still any confusion. Reviewer Comment (2026-03-20): Please provide bank statement showing source of EMD and official check or provide the additional bank statement to meet the asset requirement. Exception Remains. Seller Comment (2026-03-19): If you look at purchase agreement, EMD was paid at time of signing purchase agreement. Escrow wouldn't even open without the EMD, so this is not required to be brought again. Seller Comment (2026-03-19): EMD of $[Redacted] already paid pre-closing not required to be brought at closing. Should not be included in reserve/liquidity calc. Reviewer Comment (2026-03-19): As per the latest bank statement dated [Redacted] for account [Redacted], the ending balance is $[Redacted]. Please provide the additional bank statement. Exception Remains. Seller Comment (2026-03-19): Exception should be cleared, uploaded liquidity memo, HUD and bank statement ending balance representing $[Redacted] as of [Redacted]. Reviewer Comment (2026-03-12): Additional asset documents are required to meet the reserves requirement. Exception Remains. Seller Comment (2026-03-12): Document Seller Comment (2026-03-11): Document Reviewer Comment (2026-03-04): Received the bank statement included in the initial package. Additional asset documents are required to meet the reserves requirement. Exception Remains. Seller Comment (2026-03-03): Uploaded Bank Statement shows ~$[Redacted], of eligible verifiable assets (all savings accounts). This clears the cash to close + Reserves condition. Please review and clear. Reviewer Comment (2026-03-02): EXCEPTION HISTORY - Exception Explanation was updated on [Redacted] PRIOR Exception Explanation: Calculated PITIA months reserves of [Redacted] is less than Guideline PITIA months reserves of [Redacted]. Reviewer Comment (2026-03-01): Per guidelines >[Redacted]% LTV = [Redacted] months reserves are required. Please provide the asset documentation. Exception Remains. Seller Comment (2026-02-27): Reserves are verified, not required to be held in escrow |
03/31/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| [Redact] | 10106652 | [Redact] | 35845087 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | File is missing a copy of Hazard Insurance Policy. | Reviewer Comment (2026-03-04): Received and associated Replacement Cost Estimator. Exception cleared. Seller Comment (2026-03-03): Documents uploaded Seller Comment (2026-03-03): Ins. Doc [Redacted] Seller Comment (2026-03-03): Insurance Documents Uploaded. |
03/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106652 | [Redact] | 35845102 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | Guidelines require ___ of reserves, and verified reserves are ___. | Guidelines require $[Redacted] of reserves, and verified reserves are $[Redacted]. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Representative FICO: [Redacted] | [Redact],Aggregator [Redact] |
Reviewer Comment (2026-03-31): Client elected to waive the condition with compensating factors. Seller Comment (2026-03-26): Uploaded copy of EMD check received from an escrow account, no further verification required. Reviewer Comment (2026-03-25): Received Check showing EMD $[Redacted]. Please provide the bank statement showing source of EMD $[Redacted]. Exception remains. Seller Comment (2026-03-24): Proof of EMD shown, now should be able to clear this exception taking out [Redacted] from your calculation and using the previous memo uploaded it should be satisfied. Seller Comment (2026-03-24): [Redacted]EMD uploaded from escrow. Seller Comment (2026-03-24): [Redacted] EMD uploaded from escrow. Reviewer Comment (2026-03-24): Please provide the asset documentation to meet the reserve requirement. Exception Remains. Seller Comment (2026-03-23): Please see liquidity analysis. We do not require proof of EMD this is something escrow handles verification off. Please let us know if there is still any confusion. Reviewer Comment (2026-03-20): Please provide bank statement showing source of EMD and official check or provide the additional bank statement to meet the asset requirement. Exception Remains. Seller Comment (2026-03-19): If you look at purchase agreement, EMD was paid at time of signing purchase agreement. Escrow wouldn't even open without the EMD, so this is not required to be brought again. Seller Comment (2026-03-19): EMD of $[Redacted] already paid pre-closing not required to be brought at closing. Should not be included in reserve/liquidity calc. Reviewer Comment (2026-03-19): Received the bank statement included in the initial package [Redacted] dated [Redacted], which shows an ending balance of $[Redacted]. The latest bank statement dated [Redacted] ([Redacted]) reflects an ending balance of $[Redacted]; therefore, the qualifying balance considered is $[Redacted]. Additional asset documentation is required to meet the reserve requirement. Exception Remains Seller Comment (2026-03-19): Bank statements with [Redacted]shown. Please elaborate on why this is not clearing?? Reviewer Comment (2026-03-04): Received the bank statement included in the initial package. Additional asset documents are required to meet the reserves requirement. Exception Remains. Seller Comment (2026-03-03): Insurance Documents Uploaded. Seller Comment (2026-03-03): Uploaded Bank Statement shows ~$[Redacted], of eligible verifiable assets (all savings accounts). This clears the cash to close + Reserves condition. Please review and clear. |
03/31/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| [Redact] | 10106652 | [Redact] | 35845105 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | ___, and verified reserves are ___. | Guidelines require $[Redacted] of reserves, and verified reserves are $[Redacted]. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. |
Representative FICO: [Redacted] | [Redact],Aggregator [Redact] |
Reviewer Comment (2026-03-31): Client elected to waive the condition with compensating factors. Seller Comment (2026-03-26): Uploaded copy of EMD check received from an escrow account, no further verification required. Reviewer Comment (2026-03-25): Received Check showing EMD $[Redacted]. Please provide the bank statement showing source of EMD $[Redacted]. Exception remains. Seller Comment (2026-03-24): Proof of EMD shown, now should be able to clear this exception taking out [Redacted] from your calculation and using the previous memo uploaded it should be satisfied. Seller Comment (2026-03-24): EMD uploaded from escrow. Reviewer Comment (2026-03-24): Please provide the asset documentation to meet the reserve requirement. Exception Remains. Seller Comment (2026-03-23): Please see liquidity analysis. We do not require proof of EMD this is something escrow handles verification off. Please let us know if there is still any confusion. Reviewer Comment (2026-03-20): Please provide bank statement showing source of EMD and official check or provide the additional bank statement to meet the asset requirement. Exception Remains. Seller Comment (2026-03-19): If you look at purchase agreement, EMD was paid at time of signing purchase agreement. Escrow wouldn't even open without the EMD, so this is not required to be brought again. Seller Comment (2026-03-19): EMD was already paid not required to be brought at closing, so should not be in account for calculated liquidity requirements. Removing that $[Redacted] sponsor has enough liquidity. Reviewer Comment (2026-03-19): Received the bank statement included in the initial package [Redacted] dated [Redacted], which shows an ending balance of $[Redacted]. The latest bank statement dated [Redacted] ([Redacted]) reflects an ending balance of $[Redacted]; therefore, the qualifying balance considered is $[Redacted]. Additional asset documentation is required to meet the reserve requirement. Exception Remains Seller Comment (2026-03-19): Broken down liquidity analysis uploaded. Please elaborate on why this is not clearing..... Seller Comment (2026-03-19): Not sure how Showing on a bank statement is not clearing this condition? Please elaborate. Reviewer Comment (2026-03-04): Received the bank statement included in the initial package. Additional asset documents are required to meet the reserves requirement. Exception Remains. Seller Comment (2026-03-03): Uploaded Bank Statement shows ~$[Redacted], of eligible verifiable assets (all savings accounts). This clears the cash to close + Reserves condition. Please review and clear. Reviewer Comment (2026-03-02): Additional copies of the bank statements provided. The statements verified total assets of $[Redacted]. Per the closing statement, funds to close were $[Redacted] ($[Redacted] EMD + $[Redacted] cash due at closing). Reserves of $[Redacted] remained which were insufficient to meet the guideline requirement of $[Redacted] ([Redacted] months). Note: proof of the EMD (wire, source of deposit, etc.) will clear the condition. Condition remains Seller Comment (2026-03-02): Reserves are verified, not required to be held in escrow |
03/31/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||
| [Redact] | 10106652 | [Redact] | 35863310 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Tax certificate that shows Lender's qualified taxes on HUD was not provided. | Reviewer Comment (2026-03-19): Received and associated Tax Certificate. Exception cleared. Seller Comment (2026-03-19): uploaded Reviewer Comment (2026-03-04): Received same tax certificate again. The tax cert verified total taxes of $[Redacted]/month; however, taxes of $[Redacted]/month were escrowed on the settlement statement and Note document. Unable to determine the tax calculation for the amount used to qualify. Please provide the tax certificate for the remaining tax amount. Condition remains open. Seller Comment (2026-03-03): Please refer to tax cert for actual taxes. Underwriter may have been conservative due to uncertain nature/timing of receiving tax cert. More taxes were escrowed, not sure why condition remains. Please review Seller Comment (2026-03-03): Tax Cert Uploaded. Reviewer Comment (2026-03-02): An additional copy of the tax cert in the initial file was provided. The tax cert verified total taxes of $[Redacted]/month; however taxes of $[Redacted]/month were escrowed on the settlement statement. Unable to determine the tax calculation for the amount used to qualify. Condition remains open Seller Comment (2026-03-02): tax cert |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106653 | [Redact] | 35842823 | Property | Valuation | Valuation Issue | Valuation | The desk review has a effective date that is other than what the appraisal effective date is. The desk review should have the same effective date as the appraisal | The Desk Review effective date does not match the Appraisals effective date. | Reviewer Comment (2026-03-12): Corrected Desk Review provided. Exception cleared. Seller Comment (2026-03-11): Document |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | C | A | N/A | No | ||||||||||||||
| [Redact] | 10106653 | [Redact] | 35842851 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Subject hazard insurance policy effective date is missing from evidence of insurance. | Subject hazard insurance policy effective date is missing from evidence of insurance. |
Reviewer Comment (2026-03-12): HOI policy provided. Exception cleared. |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | C | A | N/A | No | ||||||||||||||
| [Redact] | 10106653 | [Redact] | 35842856 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Subject hazard insurance policy expiration date is missing from evidence of insurance. | Subject hazard insurance policy expiration date is missing from evidence of insurance. | Reviewer Comment (2026-03-12): HOI policy provided. Exception cleared. |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | C | A | N/A | No | ||||||||||||||
| [Redact] | 10106658 | [Redact] | 35935369 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | The file is missing a copy of the Purchase Agreement / Sales Contract. | Reviewer Comment (2026-03-12): Received and associated Purchase Agreement / Sales Contract. Exception cleared. Seller Comment (2026-03-11): Document |
03/12/2026 | 1 | D | A | D | A | D | A | D | A | D | A | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106658 | [Redact] | 35935370 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Title Preliminary not provided | The file is missing a copy of the Title Preliminary. | Reviewer Comment (2026-03-20): Confirmed Legal matches Deed and Final Title provided. Exception cleared. Seller Comment (2026-03-20): [Redacted] proposes we discuss with [Redacted] and Purchaser. We have uploaded the Recorded Security Instrument, the Preliminary Report and the Final Title Policy. The legal description aligns in ALL of these documents which align with the recorded security instrument that lists the property address. If you click the link on Schedule B Legal Description, it will bring you to the plot maps on [Redacted] for the continugous lots. The property address can be verified by these documents. Reviewer Comment (2026-03-17): Received the title commitment; however, the property address cannot be verified. Exception Remains. Seller Comment (2026-03-17): Title Policy & Report uploaded. Please clear. |
03/20/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Purchase | D | A | D | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106661 | [Redact] | 35930428 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | The file was missing a copy of the final title policy. | Reviewer Comment (2026-03-11): Title commitment and Final Title policy provided |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106661 | [Redact] | 35930431 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Title Preliminary not provided | The file was missing a copy of the Title Preliminary. | Reviewer Comment (2026-03-11): Title commitment and Final Title policy provided |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106661 | [Redact] | 35930434 | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing | The file was missing a copy of the Title Preliminary. | Reviewer Comment (2026-03-11): Title commitment and Final Title policy provided |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106661 | [Redact] | 35930439 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | FEMA Disaster Issue: The most recent valuation inspection is dated prior to a FEMA disaster. | The property is located in FEMA Disaster area. Provide a post-disaster inspection verifying there was no damage. The inspection must include exterior photos and the property must be re-inspected on or after [Redacted]declared end date. | Reviewer Comment (2026-03-13): Post-disaster inspection provided Seller Comment (2026-03-12): Document Reviewer Comment (2026-03-11): The post-disaster inspection provided was completed by the Lender/Seller. A third party post-disaster inspection is required. Condition is valid and remains open |
03/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106661 | [Redact] | 35930456 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Bylaws not provided | The file was missing a copy of the Bylaws for [Redacted]., [Redacted]. | Reviewer Comment (2026-03-11): Bylaws provided |
03/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106661 | [Redact] | 35930457 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | The file was missing a copy of the Certificate of Good Standing for [Redacted]., [Redacted]. | Reviewer Comment (2026-03-18): Received and associated Certificate of Good Standing. Exception Cleared. Seller Comment (2026-03-17): Uplaoded Seller Comment (2026-03-17): [Redacted] Reflecting Active Reviewer Comment (2026-03-12): Required a Certificate of Good Standing that reflects an active status. Exception remains Seller Comment (2026-03-11): Document |
03/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106661 | [Redact] | 35930462 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | The file was missing a copy of the Corporate Resolution for [Redacted]., [Redacted]. | Reviewer Comment (2026-03-18): Received and associated shareholder agreement. Exception cleared. Seller Comment (2026-03-18): also uploading shareholder agreement to clear corp resolution commentary. please confirm this clears Seller Comment (2026-03-17): Uploaded entity cert to resolve |
03/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106661 | [Redact] | 35930469 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | The file was missing a copy of the Purchase Agreement / Sales Contract for [Redacted]., [Redacted]. | Reviewer Comment (2026-03-11): Purchase agreement provided |
03/11/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106661 | [Redact] | 35930745 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[Redacted]lacement cost estimate supporting current coverage amount. | Reviewer Comment (2026-03-20): Received Replacement Cost Estimator. Exception cleared. Seller Comment (2026-03-20): RCE email coverage uploaded |
03/20/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106662 | [Redact] | 35945988 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2026-03-12): Received and associated Business Purpose Certificate. Exception cleared. Seller Comment (2026-03-12): Document Seller Comment (2026-03-11): Document |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||
| [Redact] | 10106662 | [Redact] | 35945990 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | No assets were provided in the loan file. | Reviewer Comment (2026-03-24): Additional assets provided Seller Comment (2026-03-23): Additional Liquidity Uploaded to satisfy. Reviewer Comment (2026-03-17): Guidelines require $[Redacted] of reserves, and verified reserves are $[Redacted]. Additional assets are required to meet the reserve requirements. Exception Remains. Seller Comment (2026-03-17): Bank Statements Uploaded showing sufficient reserves. Please clear. |
03/24/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | ||||||||||||||
| [Redact] | 10106662 | [Redact] | 35945991 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | Reviewer Comment (2026-03-24): Additional assets provided Seller Comment (2026-03-23): Agree [Redacted] Bank Statement shows $[Redacted] However please see attached for additional proof of funds showing MORE than enough to cover reserves even at the [Redacted]% qualification of IRA. Reviewer Comment (2026-03-17): Guidelines require $[Redacted] of reserves, and verified reserves are $[Redacted]. Additional assets are required to meet the reserve requirements. Exception Remains. Seller Comment (2026-03-17): Bank Statements Uploaded. Please clear. Reviewer Comment (2026-03-13): Asset documents are not available within the received documents. Exception Remains. Seller Comment (2026-03-12): Document |
03/24/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||
| [Redact] | 10106662 | [Redact] | 35945993 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Reviewer Comment (2026-03-17): Received Closing Statement. Exception Cleared. Seller Comment (2026-03-17): Bank Statements Uploaded. Please clear. |
03/17/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||
| [Redact] | 10106662 | [Redact] | 35946001 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2026-03-17): Received and associated Desk Review. Exception Cleared. Seller Comment (2026-03-17): Appraisal And ARR Uploaded. |
03/17/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||
| [Redact] | 10106662 | [Redact] | 35946011 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | 1003 Error: Birth Date was not provided | Reviewer Comment (2026-03-17): Received driver's License. Exception cleared. Seller Comment (2026-03-17): Loan App Uploaded. Reviewer Comment (2026-03-05): EXCEPTION HISTORY - Exception Detail was updated on [Redacted] PRIOR Exception Detail: Borrower: [Redacted] |
03/17/2026 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||
| [Redact] | 10106662 | [Redact] | 35946014 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Reviewer Comment (2026-03-24): Additional assets provided Seller Comment (2026-03-23): Additional Liquidity uploaded which will clear condition. Thanks Reviewer Comment (2026-03-17): Calculated PITIA months reserves of [Redacted]is less than Guideline PITIA months reserves of [Redacted]. Additional assets are required to meet the reserve requirements. Exception Remains. Seller Comment (2026-03-17): Please refer to the other [Redacted] exceptions related to reserves and use those bank statements to clear this exception. Let me know if any issues. Thanks |
03/24/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||
| [Redact] | 10106662 | [Redact] | 35947391 | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | The flood certificate is for a different property. Please provide the flood certificate for the subject property. | Reviewer Comment (2026-03-17): Received and associated Flood Certificate. Exception cleared. Seller Comment (2026-03-17): Flood Cert attached references the correct property. Please clear. |
03/17/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | ||||||||||||||
| [Redact] | 10106662 | [Redact] | 35947682 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | The file contains a Closing Statement for property. Please provide the Closing Statement for the subject property. | Reviewer Comment (2026-03-17): Received and associated Closing Statement. Exception cleared. Seller Comment (2026-03-17): HUD uploaded. Please clear. |
03/17/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | ||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975707 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | Upon further review, the file is missing the credit report for the guarantor, [Redacted]. | Reviewer Comment (2026-03-17): Received and associated Credit Report. Exception cleared. Seller Comment (2026-03-17): Credit Report Uploaded. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975717 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Verification of Identification not provided | Upon further review, the file is missing the verification of identification for the guarantor, [Redacted]. | Reviewer Comment (2026-03-17): Received and associated Verification of Identification. Exception cleared. Seller Comment (2026-03-17): ID uploaded. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975726 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Upon further review, the file is missing the credit application for the guarantor, [Redacted]. | Reviewer Comment (2026-03-19): Received and associated Credit Application. Exception cleared. Seller Comment (2026-03-18): This requirement is a Consumer based requirement for consumer mortgage loans. We do not have 1003s. We have Business Purpose Loan Applications. Since we are not a consumer lender, the rules of TRID/RESPA do not apply which is where the rule you are citing is coming from. Furthermore, all other business purpose loan applications we have submitted to date have been cleared and this one is no different. Please waive and speak with the Buyer. Reviewer Comment (2026-03-17): Received the credit application signed on [Redacted]. However, the credit application is required as of the consummation date. Exception Remains Seller Comment (2026-03-17): Loan Application Uploaded. |
03/19/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975732 | Credit | Credit | Credit Documentation | Credit | Missing Document: OFAC not provided | Upon further review, the file is missing the fraud report/background check/OFAC for the guarantor, [Redacted]. | Reviewer Comment (2026-03-17): Received and associated Fraud Report. Exception cleared. Seller Comment (2026-03-17): [Redacted] to order Fraud Reports on our behalf please clear Seller Comment (2026-03-17): Background uploaded. Fraud Report to be waived. Please clear. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975733 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Upon further review, the file is missing the fraud report/background check/OFAC for the guarantor, [Redacted]. | Reviewer Comment (2026-03-17): Received and associated Fraud Report. Exception cleared. Seller Comment (2026-03-17): [Redacted] to order Fraud Reports on our behalf. Credit, Background, ID already uploaded. Please reference the same exception listed multiple times. Please clear. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975734 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Background Check not provided | Upon further review, the file is missing the fraud report/background check/OFAC for the guarantor,[Redacted]. | Reviewer Comment (2026-03-17): Received and associated Fraud Report. Exception cleared. Seller Comment (2026-03-17): [Redacted] to order Fraud Reports on our behalf. Background, credit, ID and Loan app already uploaded. Please clear. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975759 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Upon further review, the file is missing all [Redacted]verification docs for the borrower, [Redacted]. | Reviewer Comment (2026-03-17): Received and associated Articles of Organization/Formation. Exception cleared. Seller Comment (2026-03-17): Articles Uploaded. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975760 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Upon further review, the file is missing all [Redacted] verification docs for the borrower, [Redacted]. | Reviewer Comment (2026-03-17): Received and associated Certificate of Good Standing. Exception cleared. Seller Comment (2026-03-17): Cert of Good Standing Uploaded. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975770 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Title Preliminary not provided | Upon further review, the file is missing the prelim and final title. | Reviewer Comment (2026-03-17): Received and associated Title Preliminary. Exception cleared. Seller Comment (2026-03-17): Title policy and report uploaded. Please clear. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975771 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Upon further review, the file is missing the tax cert. | Reviewer Comment (2026-03-17): Received and associated Tax Certificate. Exception cleared. Seller Comment (2026-03-17): Tax Cert Uploaded. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975786 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | Upon further review, the file is missing the lease agreement. | Reviewer Comment (2026-03-17): Received and associated Lease Agreement. Exception cleared. Seller Comment (2026-03-17): Lease and proof of payment uploaded. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975792 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deal Summary not provided | Upon further review, the file is missing the Key Provisions Summary | Reviewer Comment (2026-03-17): Received and associated Key Provisions Summary. Exception cleared. Seller Comment (2026-03-17): What is a Deal Summary?? |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975861 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Instructions not provided | Upon further review, the file is missing the closing instructions for the subject transaction. Initial file loaded contained docs for another transaction. | Reviewer Comment (2026-03-17): Received and associated Closing Instructions. Exception cleared. Seller Comment (2026-03-17): Closing Instructions Uploaded. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975919 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | Upon further review, the file is missing the closing protection letter. Initial file loaded contained docs for another transaction. | Reviewer Comment (2026-03-17): Received and associated Closing Protection Letter. Exception Cleared. Seller Comment (2026-03-17): CPL uploaded. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975947 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Upon further review, the file is missing all [Redacted] verification docs for the borrower, [Redacted]. | Reviewer Comment (2026-03-17): Received and associated Employer Identification Number (EIN). Exception cleared. Seller Comment (2026-03-17): EIN Letter Uploaded. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35975959 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Operating Agreement not provided | Upon further review, the file is missing all [Redacted] verification docs for the borrower, [Redacted]. | Reviewer Comment (2026-03-17): Received and associated Operating Agreement. Exception cleared. Seller Comment (2026-03-17): [Redacted] Uploaded. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35977933 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Upon further review, the file is missing all [Redacted] verification docs for the borrower, [Redacted]. | Reviewer Comment (2026-03-17): Received and associated Operating Agreement. Exception cleared. Seller Comment (2026-03-17): Note Uploaded. Should have corporate res. rider signed in there. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35978379 | Credit | Credit | Credit Calculation / Analysis | Guideline | Guideline Requirement: Representative FICO score discrepancy. | Upon further review, the file is missing the credit report.. | Reviewer Comment (2026-03-17): Received and associated Credit Report. Exception cleared. Seller Comment (2026-03-17): Please use updated FICO methodology of higher of the scores and please clear. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35978696 | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing | Reviewer Comment (2026-03-17): Received and associated Title Final. Exception Cleared. Seller Comment (2026-03-17): Title Policy and Report Uploaded. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | ||||||||||||||||||||
| [Redact] | 10106662 | [Redact] | 35978777 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Reviewer Comment (2026-03-17): Received and associated Title Final. Exception Cleared. Seller Comment (2026-03-17): Title Policy and Report Uploaded. |
03/17/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | C | A | D | A | N/A | No | ||||||||||||||||||||
| [Redact] | 10106668 | [Redact] | 35892873 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of [Redacted]% exceeds Guideline loan to value percentage of [Redacted]%. | Reviewer Comment (2026-03-18): Client provided updated guidance regarding the qualifying LTV & FICO method. The method was updated and the condition is no longer applicable. Seller Comment (2026-03-17): Expected resolution based on guidelines provided on [Redacted] Exception should be cleared based on [Redacted]% LTV allowable for [Redacted] FICO with >[Redacted]x DSCR |
03/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106672 | [Redact] | 35842786 | Credit | Title | General | Title | Final Title Policy Coverage is less than Original Loan Amount. | The preliminary title report in file disclosed $[Redacted] of title insurance coverage; however, this is less than the loan amount of $[Redacted]. Provide a copy of the final title policy or an addendum to the preliminary report verifying title insurance of at least the loan amount. | Reviewer Comment (2026-03-31): Endorsement to final title provided verifying sufficient title insurance coverage Seller Comment (2026-03-31): Here is the endorsement showing updated reflected title policy coverage amount. Does not need to be escalated to buyer. Situs can you review and clear. Reviewer Comment (2026-03-18): Seller has requested that this condition be waived as the request for an updated title with the title insurance amount increase has been requested. Seller Comment (2026-03-18): Signed closing instructions uploaded. requested revision to final title policy to be in line with closing instructions letter signed by title. This unconditionally commits title to issue the final policy with the correct amount. This is also a trailing document item for the trade and should not hold up clearing this exception. Please ask buyer to waive Seller Comment (2026-03-17): Final Title Policy Reviewer Comment (2026-03-12): No document provided. Please resend. Seller Comment (2026-03-12): Document |
03/31/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106672 | [Redact] | 35863347 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Tax certificate that shows Lender's qualified taxes on HUD was not provided. | Reviewer Comment (2026-03-19): Received and associated Tax Certificate. Exception Cleared Seller Comment (2026-03-19): Proof of calculation uploaded. Reviewer Comment (2026-03-18): Tax cert provided was the same as the tax cert in the initial file and verified annual taxes of $[Redacted]. Provide a tax cert or proof of calculation for the taxes of $[Redacted] used to qualify. Exception Remains. Seller Comment (2026-03-17): Tax Cert AND proof of calculation uploaded. Please clear. Reviewer Comment (2026-03-04): Tax cert provided was the same as the tax cert in the initial file and verified annual taxes of $[Redacted]. Provide a tax cert or proof of calculation for the taxes of $[Redacted] used to qualify. Exception remains Seller Comment (2026-03-03): Tax Cert Uploaded. |
03/19/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106673 | [Redact] | 35840724 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Reviewer Comment (2026-03-12): Received and associated Articles of Organization/Formation. Exception cleared. Seller Comment (2026-03-11): Document |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106679 | [Redact] | 35844554 | Credit | Business Purpose | General | Business Purpose | Insufficient funds for Reserves. | Guidelines require $[Redacted] of reserves, and verified reserves are $[Redacted]. | Reviewer Comment (2026-03-03): Received the associated bank statements from [Redacted] account ending in [Redacted]. Sufficient funds have been provided. Exception cleared. Seller Comment (2026-03-02): Uploaded bank statements. $[Redacted] verified liquidity. Guidelines do not require reserves to be held in escrow. Reviewer Comment (2026-03-01): Per guidelines <=[Redacted]% ltv="[Redacted]" months reserves are required. Please provide the asset documentation. Exception Remains. Seller Comment (2026-02-27): Reserves are verified, not required to be held in escrow |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106679 | [Redact] | 35844555 | Credit | Asset | Asset Documentation | Asset | Insufficient funds for Reserves. Guidelines require | Guidelines require $[Redacted] of reserves, and verified reserves are $[Redacted]. | Reviewer Comment (2026-03-03): Received the associated bank statements from [Redacted] account ending in [Redacted]. Sufficient funds have been provided. Exception cleared. Seller Comment (2026-03-02): Uploaded bank statements. $[Redacted] verified liquidity. Guidelines do not require reserves to be held in escrow. Reviewer Comment (2026-03-01): Per guidelines <=[Redacted]% ltv="[Redacted]" months reserves are required. Please provide the asset documentation. Exception Remains. Seller Comment (2026-02-27): Reserves are verified, not required to be held in escrow |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106679 | [Redact] | 35844559 | Credit | Asset | Asset Calculation / Analysis | Asset | Available for Closing is insufficient to cover Cash From Borrower. | Documented qualifying Assets for Closing of $[Redacted] is less than Cash From Borrower $[Redacted]. | Reviewer Comment (2026-03-03): Received the associated bank statements from [Redacted] account ending in [Redacted]. Sufficient funds have been provided. Exception cleared. Seller Comment (2026-03-02): Uploaded bank statements. $[Redacted] verified liquidity. Guidelines do not require reserves to be held in escrow. |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106679 | [Redact] | 35844563 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | Calculated PITIA months reserves of [Redacted]is less than Guideline PITIA months reserves of [Redacted]. | Reviewer Comment (2026-03-03): Received the associated bank statements from [Redacted] account ending in [Redacted]. Sufficient funds have been provided. Exception cleared. Seller Comment (2026-03-02): Uploaded bank statements. $[Redacted] verified liquidity. Guidelines do not require reserves to be held in escrow. Reviewer Comment (2026-03-01): Per guidelines <=[Redacted]% ltv="[Redacted]" months reserves are required. Please provide the asset documentation. Exception Remains. Seller Comment (2026-02-27): Reserves are verified, not required to be held in escrow |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106679 | [Redact] | 36151853 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Upon further review, the taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of $[Redacted] per month. | Reviewer Comment (2026-03-30): Received and associated Tax Certificate. Exception cleared. Seller Comment (2026-03-27): uploaded |
03/30/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106680 | [Redact] | 35926301 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Missing tax certificate for [Redacted] taxes of $[Redacted] per month per HUD-1 | Reviewer Comment (2026-03-12): Received and associated Tax Certificate. Exception cleared. Seller Comment (2026-03-12): Document Reviewer Comment (2026-03-04): Tax cert provided was the same as the tax cert in the initial file and verified annual taxes of $[Redacted]. Provide a tax cert or proof of calculation for the taxes of $[Redacted] used to qualify. Exception Remains. Seller Comment (2026-03-03): Tax Cert |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106682 | [Redact] | 35925280 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of $[Redacted] per month. | Reviewer Comment (2026-03-12): Received and associated Tax Certificate. Exception cleared. Seller Comment (2026-03-12): Document Reviewer Comment (2026-03-04): Tax cert provided was the same as the tax cert in the initial file and verified annual taxes of $[Redacted]. Provide a tax cert or proof of calculation for the taxes of $[Redacted] used to qualify. Exception Remains. Seller Comment (2026-03-03): Tax Cert |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106683 | [Redact] | 35921283 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | The taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of $[Redacted] per month. | Reviewer Comment (2026-03-03): Received the associated Tax Certificate showing an annual amount of $[Redacted]. Exception Cleared. Seller Comment (2026-03-02): Attached is copy of Tax Cert from Title & copy of Tax Calc by UW |
03/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106688 | [Redact] | 35836340 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | The file was missing a copy of the flood Certificate. | Reviewer Comment (2026-03-12): Received and associated Flood Certificate. Exception cleared. Seller Comment (2026-03-11): Document |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106688 | [Redact] | 35836346 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | The file was missing a copy of the Hazard Insurance Policy. | Reviewer Comment (2026-03-18): Received and associated Hazard Insurance Policy. Exception cleared. Seller Comment (2026-03-17): Uploaded |
03/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106699 | [Redact] | 36165542 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Upon further review, the taxes used by the lender to qualify were greater than the taxes verified on the tax bill in file. Provide a tax cert or other documentation verifying the tax amount used by the lender to qualify of $[Redacted] per month. | Reviewer Comment (2026-03-30): Received Tax Certificate. Exception Cleared. Seller Comment (2026-03-28): uploaded |
03/30/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106700 | [Redact] | 35924347 | Credit | Loan Package Documentation | Loan File | Missing Document | Missing Document: Hazard Insurance Policy not provided | Copy of Hazard Insurance Policy is not available in file. | Reviewer Comment (2026-03-12): Received and associated Hazard Insurance Policy. Exception Cleared Seller Comment (2026-03-12): Document Seller Comment (2026-03-11): Document |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| [Redact] | 10106700 | [Redact] | 35924348 | Credit | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal not provided | Copy of Appraisal is not available in file. | Reviewer Comment (2026-03-17): Received and associated 1025 Appraisal. Exception Cleared Seller Comment (2026-03-17): Secondary Value Seller Comment (2026-03-17): Appraisal |
03/17/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| [Redact] | 10106700 | [Redact] | 35924353 | Credit | Loan Package Documentation | Application / Processing | Insurance | Missing Document: Flood Certificate not provided | Copy of Flood Certificate is not available in file. | Reviewer Comment (2026-03-23): Flood cert provided Seller Comment (2026-03-20): [Redacted] suggests a call with [Redacted] and Purchaser. The Flood Cert shows one property but it's because both [Redacted] and [Redacted] are one APN so the one APN is validated by the flood cert. We are uploading the title report, tax cert and legal to show our work. Reviewer Comment (2026-03-17): Received the flood certificate showing the property address as [Redacted]; however, the note reflects [Redacted]/ [Redacted]. An updated address is required as per the note. Exception Remains Seller Comment (2026-03-17): flood cert |
03/23/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| [Redact] | 10106700 | [Redact] | 35924360 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Appraisal is missing. Sec ID: 1 | Copy of Appraisal is not available. | Reviewer Comment (2026-03-17): Received and associated 1025 Appraisal. Exception Cleared Seller Comment (2026-03-17): Appraisal Uploaded. |
03/17/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| [Redact] | 10106700 | [Redact] | 35924403 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Waterfall due to appraisal missing, unable to verify appraisal value. | Reviewer Comment (2026-03-17): Received and associated 1025 Appraisal. Exception Cleared Seller Comment (2026-03-17): AIV [Redacted] - LTV [Redacted]% |
03/17/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | ||||||||||||||
| [Redact] | 10106700 | [Redact] | 35984085 | Credit | Missing Document | General | Missing Document | Missing Document: Lease Agreement not provided | Upon further review, the file is missing the lease agreements for both units of the subject. Note: the appraisal is missing and unable to verify both units are tenant occupied. | Reviewer Comment (2026-03-24): Received Lease agreement and rent roll analysis. Exception Cleared. Seller Comment (2026-03-23): Relevant documents Uploaded to review. [Redacted] Lease, [Redacted] Lease, Rent Roll, Lease Appraisal memo. Please let us know if anything is still not clear. Thanks Reviewer Comment (2026-03-20): We have received the lease agreement for Unit [Redacted] covering the period from [Redacted] to [Redacted]. Please provide the current lease agreement for Unit [Redacted]. The exception remains Seller Comment (2026-03-20): [Redacted] suggests a call with [Redacted] and Purchaser. The Flood Cert shows one property but it's because both [Redacted] and [Redacted] are one APN so the one APN is validated by the flood cert. We are uploading the title report, tax cert and legal to show our work. Seller Comment (2026-03-20): same comment Seller Comment (2026-03-20): [Redacted] recommends we discuss with [Redacted] and Purchaser. I am looking at what we uploaded which is for the two units [Redacted] and [Redacted]- uploading again for review. Please advise if there are issues with this lease. Reviewer Comment (2026-03-17): Required Lease Agreement for [Redacted]Units. Exception Remains. Seller Comment (2026-03-17): Loan agreement uploaded. Appraisals uploaded |
03/24/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | D | A | N/A | No | |||||||||||||||||||
| [Redact] | 10106718 | [Redact] | 35922476 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | - | The File was Missing the Secondary Valuation required for Securitization purposes | Reviewer Comment (2026-03-12): Received and associated Desk Review. Exception cleared. Seller Comment (2026-03-11): Document |
03/12/2026 | 1 | D | A | D | A | D | A | D | A | D | A | Investment | Refinance - Cash-out - Other | D | A | A | A | D | A | N/A | No | ||||||||||||||
| [Redact] | 10106718 | [Redact] | 35922477 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | - | The File was Missing the Secondary Valuation required for Securitization purposes | Reviewer Comment (2026-03-17): Received and associated Desk Review. Exception Cleared. Seller Comment (2026-03-17): All [Redacted] Secondary Valuations Uploaded. Please clear. |
03/17/2026 | 1 | D | A | D | A | D | A | D | A | D | A | Investment | Refinance - Cash-out - Other | D | A | A | A | D | A | N/A | No | ||||||||||||||
| [Redact] | 10106720 | [Redact] | 35939562 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Reviewer Comment (2026-03-24): Received Credit Application. Exception Cleared. Seller Comment (2026-03-23): Uploaded. Reviewer Comment (2026-03-23): The credit application was not provided, The e-signature certificate of completion was provided. A copy of the full credit application will clear the condition. Condition is valid and remains open Seller Comment (2026-03-23): uploaded Reviewer Comment (2026-03-19): Provided single page of credit application. Please provide the complete signed and dated credit application. Exception Remains. Seller Comment (2026-03-18): This requirement is a Consumer based requirement for consumer mortgage loans. We do not have 1003s. We have Business Purpose Loan Applications. Since we are not a consumer lender, the rules of TRID/RESPA do not apply which is where the rule you are citing is coming from. Furthermore, all other business purpose loan applications we have submitted to date have been cleared and this one is no different. Please waive and speak with the Buyer. Reviewer Comment (2026-03-18): Provided single page of credit application. Please provide the complete signed and dated final credit application. Exception Remains. Seller Comment (2026-03-17): Loan app uploaded. |
03/24/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| [Redact] | 10106720 | [Redact] | 35939629 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Title Preliminary not provided | Reviewer Comment (2026-03-12): Received and associated Title Preliminary. Exception cleared. Seller Comment (2026-03-11): Document |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||||
| [Redact] | 10106953 | [Redact] | 36000011 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Upon further review, the calculated DSCR of [Redacted] was less than the guideline requirement of [Redacted]. | Reviewer Comment (2026-03-12): Client provided updated guidance regarding qualifying FICO and DSCR method. The method was updated and the condition is no longer applicable. Seller Comment (2026-03-11): Exception should be cleared [Redacted]x DSCR is allowable for [Redacted]-FICO per guidelines. Underwriting used: $[Redacted] appraisal market rents, $[Redacted] P&I, $[Redacted] monthly taxes, $[Redacted] monthly insurance, for [Redacted]x PITIA DSCR. |
03/12/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | N/A | No | |||||||||||||||||||
| [Redact] | 10156621 | [Redact] | [Redact] | 35807230 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-12): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-06): See attached collateral package |
03/12/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10156623 | [Redact] | [Redact] | 35807424 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-04-02): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-04-01): (Rate Lock) [Redacted] |
04/02/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10156623 | [Redact] | [Redact] | 36189588 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted]vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted]or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted]0 and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%) | Reviewer Comment (2026-03-31): Client elected to waive the condition on the Non-QM 1st lien |
03/31/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10156752 | [Redact] | [Redact] | 35808042 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-27): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-25): (Rate Lock) [Redacted] |
03/27/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10156752 | [Redact] | [Redact] | 36121708 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | The file was missing a copy of the approval. | Reviewer Comment (2026-04-03): Received Approval. Exception cleared. Seller Comment (2026-04-02): The subject loan is a Correspondent TPR delivery. The file contains evidence that the Third Party Review (TPR) was completed and cleared with a Final Grade [Redacted], confirming the loan met investor credit requirements. In Correspondent TPR transactions, TPR clearance serves as the credit approval in lieu of a traditional underwriting approval certificate. Attaching supporting documentation to evidence TPR clearance and loan purchase to clear. Please Cancel. |
04/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10156752 | [Redact] | [Redact] | 36121733 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three [Redacted] business days prior to closing, and appraisal was not provided at or before closing. | 03/24/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10156753 | [Redact] | [Redact] | 35808762 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-03): Waived on Rate Lock: Collateral cleared by Custodian |
03/03/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10156753 | [Redact] | [Redact] | 35931782 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Mortgage Loan Payoff Statement not provided | The file is missing a copy of the payoff statement for the [Redacted] mortgage and the HELOC paid off at closing. | Reviewer Comment (2026-03-05): Proof of the payoff for the 1st mortgage was provided. The HELOC in question, was not on the subject property and a payoff statement is not required Reviewer Comment (2026-03-05): Payoff for the private first mortgage was provided. File is still missing payoff for HELOC and confirmation the HELOC was closed when paid off. Condition remains Seller Comment (2026-03-04): please see attached investor memo Reviewer Comment (2026-03-02): Neither the VOM or the statement for the HELOC identified a payoff amount, good thru date and per diem interest. The condition is valid and remains open Seller Comment (2026-03-02): please see VOM doc [Redacted] for private mortgage payoff amount as of [Redacted] and statement doc [Redacted] for HELOC payoff amount as of [Redacted] |
03/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10156756 | [Redact] | [Redact] | 35808832 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-06): Waived on Rate Lock: Collateral cleared by Custodian |
03/06/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10156756 | [Redact] | [Redact] | 35956819 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-03-03): Sufficient Cure Provided At Closing |
03/03/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | A | A | A | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10156768 | [Redact] | [Redact] | 35808836 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-02-27): Waived on Rate Lock: Collateral cleared by Custodian |
02/27/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10156768 | [Redact] | [Redact] | 35892814 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Commitment in file. | 02/24/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10156768 | [Redact] | [Redact] | 35892863 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2026-02-24): Client elected to waive the condition on the Non-QM [Redacted] lien |
02/24/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10156768 | [Redact] | [Redact] | 35892866 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-02-24): Sufficient Cure Provided At Closing |
02/24/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10156768 | [Redact] | [Redact] | 35892867 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-02-24): Sufficient Cure Provided At Closing |
02/24/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10156768 | [Redact] | [Redact] | 35892868 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-02-24): Sufficient Cure Provided At Closing |
02/24/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | B | B | B | B | B | B | A | A | Non QM | Non QM | Yes | ||||||||
| [Redact] | 10156768 | [Redact] | [Redact] | 35893472 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Verification appraisal was delivered to borrower was not provided. | 02/24/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Cash-out - Other | B | B | B | B | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10157965 | [Redact] | [Redact] | 35816295 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-11): Waived on Rate Lock: Collateral cleared by Custodian |
03/11/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10158965 | [Redact] | [Redact] | 35830878 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-05): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-04): Tracking Number [Redacted] |
03/05/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10158965 | [Redact] | [Redact] | 35928527 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) | Reviewer Comment (2026-02-26): Client elected to waive the condition on the Non-QM [Redacted] lien |
02/26/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10159068 | [Redact] | [Redact] | 35832699 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-12): Waived on Rate Lock: Collateral cleared by Custodian |
03/12/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10159068 | [Redact] | [Redact] | 35959271 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted]([Redacted]) (an overage of $[Redacted] or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted]. | Reviewer Comment (2026-03-05): Client elected to waive the condition on the Non-QM [Redacted] lien |
03/05/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10159068 | [Redact] | [Redact] | 35965554 | Compliance | Compliance | Federal Compliance | Missing Required Data (other than HUD-1 or Note) | Disparity in Occupancy - High Cost as Primary | The mortgage loan file contains documenting evidence the consumer intends to occupy the subject property as their primary residence. (Compliance testing performed based on the Occupancy Type of Investment). If tested as primary residence, loan exceeds one or more high cost thresholds. | The final 1003 identified the co-borrower would occupy the subject as a primary residence. The loan failed the High-Cost testing due to the prepayment penalty of [Redacted]% for [Redacted] year, exceeds the max of [Redacted]% of the amount prepaid. Note: In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the [Redacted] and confirming the occupancy is required. | Reviewer Comment (2026-03-10): Borrower attestation provided verifying occupancy. Client elected to waive the condition Reviewer Comment (2026-03-10): Regraded based on borrower attestation confirming there is no intent to occupy the property. Seller Comment (2026-03-09): borrower signed attestation Reviewer Comment (2026-03-06): The declarations section of the revised 1003 provided still identified the co-borrower would occupy the subject as a primary residence. Note: A revised 1003 will not clear this condition. The loan failed High Cost testing when tested as a primary residence. In order to consider a downgrade of the condition, an attestation from the BORROWER(s) detailing the reason for the error in the declarations section of the 1003 and confirming the occupancy is required. Condition is valid and remains open Seller Comment (2026-03-06): Updated 1003 correcting page [Redacted]. loan closed as an investment property |
03/10/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10159068 | [Redact] | [Redact] | 35985565 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Mismatch of data related to Occupancy. | - | The declarations section of the final 1003 identified the co-borrower would occupy the subject as a primary residence. Provide a revised 1003 correcting the declarations section. | Reviewer Comment (2026-03-12): Revised 1003, correcting the declarations section was provided Seller Comment (2026-03-10): corrected 1003 Reviewer Comment (2026-03-10): The attestation will not clear this condition. The declarations section of the revised 1003 provided still identified the co-borrower would occupy the subject as a primary residence. A revised 1003 correcting the declarations section is required. Condition is valid and remains open Seller Comment (2026-03-10): attestation uploaded Reviewer Comment (2026-03-06): The declarations section of the revised 1003 provided still identified the co-borrower would occupy the subject as a primary residence. Condition is valid and remains open Seller Comment (2026-03-06): Updated 1003 correcting page [Redacted]. loan closed as an investment property |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | C | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10159101 | [Redact] | [Redact] | 35833645 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-20): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-19): collateral delivered [Redacted] via [Redacted] tracking [Redacted] |
03/20/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10159101 | [Redact] | [Redact] | 36036456 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[Redacted]. Provide updated policy reflecting minimum coverage of $[Redacted] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. Note: the Replacement Cost Estimator in file states there is current coverage of $[Redacted] which is sufficient coverage; however the declarations page in file only verified coverage of $[Redacted]. | Reviewer Comment (2026-03-25): Received and associated Hazard Insurance Policy. Exception Cleared. Seller Comment (2026-03-24): hoi Reviewer Comment (2026-03-23): Received coverage confirmation with updated dwelling coverage $[Redacted]. Please provide the hazard insurance policy to support the same coverage. Exception Remains. Seller Comment (2026-03-20): Please see attached evidence of coverage with RCE quote. Reviewer Comment (2026-03-18): Received the same documents which were already available in the file; however, please provide the RCE for sufficient coverage. Exception Remains Seller Comment (2026-03-18): hoi calc |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 10159101 | [Redact] | [Redact] | 36148225 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. | Revised HOI was provided to verify sufficient coverage and the premium increased. As a result, the DSCR is below the guideline minimum of [Redacted] and the loan does not meet the guideline requirements for a DSCR < [Redacted]. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redacted] post-close reserves ([Redacted] months or [Redacted]) | [Redact],Aggregator [Redact] [Redact] |
Reviewer Comment (2026-04-01): Client elected to waive the condition with the following Comp factors: - [Redacted]% LTV is [Redacted]% below max ([Redacted]%) - $[Redacted] post-close reserves ([Redacted] months or [Redacted]) - [Redacted] years ownership in primary residence |
04/01/2026 | 2 | B | B | B | B | B | [Redact] | Investment | Purchase | C | B | C | B | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10159105 | [Redact] | [Redact] | 35834625 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-04-09): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-04-08): (Rate Lock) [Redacted] |
04/09/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10159105 | [Redact] | [Redact] | 36241307 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2026-04-07): Client elected to waive the condition on the Non-QM [Redacted]lien |
04/07/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10159105 | [Redact] | [Redact] | 36250348 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three [Redacted] business days prior to closing, and appraisal was not provided at or before closing. | 04/07/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10159123 | [Redact] | [Redact] | 35835130 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-12): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-11): (Rate Lock) [Redacted] |
03/12/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10159123 | [Redact] | [Redact] | 35973005 | Credit | Documents | Missing Document | Documents | File does not contain documentation from lender/seller confirming the condo is warrantable. | - | File does not contain documentation from lender/seller confirming the condo is warrantable | Reviewer Comment (2026-03-25): Verification that the project is warrantable must come from the lender and not the HOA/management company. However, in the rebuttal comments, the lender confirms the project is warrantable. Seller Comment (2026-03-25): The file contains a completed Conventional Limited Review Condominium Questionnaire confirming the project meets all limited review eligibility requirements. Page [Redacted] of [Redacted] (Doc ID [Redacted]) reflects all required criteria marked "Yes," including [Redacted]% project completion, [Redacted]% sold, HOA control turnover, and compliance with applicable LTV and occupancy parameters. The document is fully executed by the HOA/management company and supports that the project is warrantable under limited review guidelines. Please Cancel. |
03/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10159964 | [Redact] | [Redact] | 35841441 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-13): Waived on Rate Lock: Collateral cleared by Custodian |
03/13/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10159964 | [Redact] | [Redact] | 36030398 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | The Preliminary Title Policy is within [Redacted] and does not reflect a coverage amount (no Final Title Policy in file). Unable to determine if appropriate coverage is provided. | 03/11/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10160008 | [Redact] | [Redact] | 35842251 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-13): Tracking Number [Redacted] |
03/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10160008 | [Redact] | [Redact] | 35984759 | Credit | Insurance | Insurance Documentation | Insurance | Hazard Insurance Error: Subject hazard insurance policy number is missing from evidence of insurance. | Reviewer Comment (2026-03-12): HOI with Policy number provided. Exception cleared. Seller Comment (2026-03-11): hoi with policy number at the very top of the page |
03/12/2026 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10160008 | [Redact] | [Redact] | 35984789 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-03-05): Sufficient Cure Provided At Closing |
03/05/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Second Home | Purchase | Final CD evidences Cure | C | A | C | A | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10160008 | [Redact] | [Redact] | 35993924 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing proof of the HOA dues for the primary borrower, [Redact]', primary residence. The 1008 qualified with HOA dues of $[Redacted]. | Reviewer Comment (2026-03-12): HOA docs provided. Exception cleared. Seller Comment (2026-03-11): please see attached investor memo and hoa dues statement |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10091786 | [Redact] | 35842376 | Credit | Collateral | Missing/Incorrect | Collateral | Collateral report shows issues with Note. | Address mismatch note Vs CDA, 1025, HOI, Title. Note does not show [Redact], however other docs like CDA, 1025, HOI, Title show [Redact]. Require corrected note and flood cert. |
Reviewer Comment (2025-11-11): Noted. CPL exception cleared. Buyer Comment (2025-11-10): cpl Reviewer Comment (2025-11-07): Received Title Document with correction Property address per Note, however still missing CPL as it shows [Redacted]. Exception Remains Buyer Comment (2025-11-05): title commitment reflecting [Redacted] as the city Reviewer Comment (2025-10-30): Noted. CDA, HOI policy, Appraisal Report 1025 with correct City Name. Title Commitment report is pending with correct City Name as [Redacted]. exception remains. Buyer Comment (2025-10-29): CDA reflecting the city of [Redacted] Reviewer Comment (2025-10-27): Provide updated CDA showing the city as [Redacted]. Buyer Comment (2025-10-23): certification validating '[Redacted]' as the valid city Buyer Comment (2025-10-23): zip code look up Buyer Comment (2025-10-23): HOI, [Redacted] as the city Buyer Comment (2025-10-23): appraisal, [Redacted] as the city |
11/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10091781 | [Redact] | 35842377 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-11-17): Received CDA with Different City name, however City [Redacted] and [Redacted]share the same zip code [Redacted] as per [Redacted] search. Exception Cleared Buyer Comment (2025-11-13): Per Seller : please see [Redacted] USPS: This is a situation where the USPS recognizes both cities so there should be no issue at all. When USPS recognizes both, there is policy to say it has to be one or the other on all documents. Reviewer Comment (2025-11-12): Received CDA with incorrect city name as [Redacted]. Provide corrected appraisal report and CDA with city name corrected to [Redacted]. Exception remains. Buyer Comment (2025-11-11): CDA |
11/17/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | A | A | A | A | A | D | A | N/A | No | ||||||||||||
| [Redact] | 10091815 | [Redact] | 35842379 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | The file is missing a copy of the secondary valuation required for securitization purposes. | Reviewer Comment (2025-11-18): Received CDA .Exception cleared Buyer Comment (2025-11-14): Desk review |
11/18/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | B | A | A | B | B | D | A | N/A | No | ||||||||||||
| [Redact] | 10091815 | [Redact] | 35842380 | Compliance | Compliance | State Compliance | State Late Charge | Note Error: Note late charge percentage exceeds maximum per state | Note late charge percentage exceeds maximum per state | Buyer Comment (2025-11-07): Acknowledged non-material [Redacted] |
11/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | D | B | A | A | B | B | D | A | N/A | No | ||||||||||||
| [Redact] | 10091833 | [Redact] | 35842382 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Tax Certificate is missing in file for the subject property for $[Redacted]/year-$[Redacted]/month. | Reviewer Comment (2025-11-21): Provided tax certificate reflects tax amount of $[Redacted] with update 1003 which matches the DSCR ratio. Exception cleared Buyer Comment (2025-11-19): Per Lender: please see corrected 1003 prop tax to match cert Buyer Comment (2025-11-19): 1003 Reviewer Comment (2025-11-11): Receive same Tax cert which does match Lender used amount of $[Redacted]/Yearly or $[Redacted]/monthly. Exception Remains Buyer Comment (2025-11-07): Property taxes |
11/21/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | ||||||||||||
| [Redact] | 10091833 | [Redact] | 35842383 | Compliance | Compliance | State Compliance | State Late Charge | Note Error: Note late charge percentage exceeds maximum per state | Buyer Comment (2025-11-05): Acknowledged non-material [Redacted] |
11/05/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | |||||||||||||
| [Redact] | 10091819 | [Redact] | 35842385 | Compliance | Compliance | State Compliance | State Late Charge | Note Error: Note late charge percentage exceeds maximum per state | Buyer Comment (2025-11-07): Acknowledged non-material [Redacted] |
11/07/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | |||||||||||||
| [Redact] | 10091819 | [Redact] | 35842386 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Missing Document: Appraisal was made "subject to" and Form 1004D/442 was not provided. | - | Appraisal is subject to repairs. Missing completion certificate for 1004D/442. | Reviewer Comment (2025-11-26): Revised appraisal reflecting as is provided. Buyer Comment (2025-11-26): Good morning, The appraisal I uploaded has pictures. I have attached to email. Can you please re-review. Thanks, Reviewer Comment (2025-11-25): Provided updated appraisal report does not reflect subject property images and appraiser signature is also missing. Exception remains Buyer Comment (2025-11-21): updated appraisal |
11/26/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | N/A | No | ||||||||||||||||
| [Redact] | 10091828 | [Redact] | 35842388 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | The loan file must include a Loan Approval indicating the loan is DSCR. | Reviewer Comment (2025-11-20): Rate lock received show loan is DSCR. Exception cleared. Buyer Comment (2025-11-18): Rate Lock |
11/20/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10091828 | [Redact] | 35842389 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | The loan file must include a DSCR Calculation Worksheet detailing the DSCR calculation. | Reviewer Comment (2025-11-28): Received DSCR Calculation worksheet. Exception Cleared Buyer Comment (2025-11-25): DSCR Reviewer Comment (2025-11-20): DSCR calculation not reflects on worksheet provided. exception remains. Buyer Comment (2025-11-18): DSCR Worksheet |
11/28/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10091836 | [Redact] | 35842391 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Fraud Report not provided | Require Fraud report for business "[Redacted]" | Reviewer Comment (2025-12-05): Received Fraud Report for business entity. Exception Cleared Buyer Comment (2025-12-03): [Redacted] Reviewer Comment (2025-11-17): Separate Fraud report Require for Business entity, Name included In watchlist Not suffice the requirement. Fraud report from one of the "Business Fraud reports: [Redacted], [Redacted], Drive report, [Redacted]" Exception Remains Buyer Comment (2025-11-13): Per Lender: Hello [Redacted] was ran and showing on pg [Redacted] of Fraud Guard provided in original package. Please find attached Buyer Comment (2025-11-13): Fraud Guard |
12/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | ||||||||||||
| [Redact] | 10091836 | [Redact] | 35842392 | Compliance | Compliance | State Compliance | State Late Charge | Note Error: Note late charge percentage exceeds maximum per state | Note late charge percentage exceeds maximum per state. | Buyer Comment (2025-11-11): - Acknowledged non-material [Redacted] |
11/11/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | N/A | No | ||||||||||||
| [Redact] | 10091829 | [Redact] | 35842396 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Collateral Desktop Analysis (CDA) from [Redact] or Appraisal Risk Review (ARR) from [Redacted] is missing | Reviewer Comment (2025-11-17): Received CDA. Exception Cleared Buyer Comment (2025-11-17): CDA |
11/17/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | ||||||||||||
| [Redact] | 10091829 | [Redact] | 35842398 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | Rent loss insurance covering a minimum of [Redacted] months' rent is required for the subject property. | Reviewer Comment (2025-11-17): Received insurer email Confirms 6 months Rent coverage. Exception Cleared Buyer Comment (2025-11-17): Rent Loss Email |
11/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | ||||||||||||
| [Redact] | 10091829 | [Redact] | 35842399 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Approval not provided | Available Approval does not indicate program type as DSCR. Per guideline. the loan file must include a Loan Approval indicating the loan is DSCR. | Reviewer Comment (2025-11-17): Received Approval which noted Loan program as DSCR. Exception cleared Buyer Comment (2025-11-13): Approval |
11/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | ||||||||||||
| [Redact] | 10091829 | [Redact] | 35842400 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Letter of Explanation (LOE) not provided | Primary property is free and clear, per guideline, free and clear letter from the borrower is required, only Fraud Report provided. | Reviewer Comment (2025-11-17): Received LOX from borrower Confirmed Property is free and cleared. Exception Cleared Buyer Comment (2025-11-13): LOE |
11/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | ||||||||||||
| [Redact] | 10091829 | [Redact] | 35842401 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Track Record Report not provided | Borrower LOX provided for experience however, per guideline, experience must verify with document may includes :Lease agreement and proof of ownership (e.g., tax bill or property record).• Other third-party documentation. (No information available for REO shown in Final 1003 to meet investor experience requirement). | Reviewer Comment (2025-12-05): Received Property Profile report and Evidence of Owner [Redacted] belong to Borrower[Redacted]. Exception Cleared Buyer Comment (2025-12-03): Lease, Listing, LOE Reviewer Comment (2025-11-17): Received REO properties Lease agreement however Start date shows from [Redacted] which does not meet [Redacted]Months experience Requirement. Exception Remains Buyer Comment (2025-11-13): Lease |
12/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | ||||||||||||
| [Redact] | 10091829 | [Redact] | 35842402 | Credit | Missing Document | General | Missing Document | Incomplete Document: 1003 Final is incomplete | Provide updated Final 1003 with corrected declarations. Borrower showed to occupy as primary residence, subject is a DSCR investment property. | Reviewer Comment (2025-11-17): Received updated 1003 with correction in Occupancy Declaration Exception cleared Buyer Comment (2025-11-13): 1003 |
11/17/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | C | A | A | A | D | A | N/A | No | ||||||||||||
| [Redact] | 10091827 | [Redact] | 35842405 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Required updated CDA with correct subject property street address and borrower name, provided CDA reflects street name as "[Redacted]" and borrower name as "[Redacted]" which is incorrect as per note. | Reviewer Comment (2025-12-03): Received Updated CDA with Correction in Borrower Name and Property address.. Exception Cleared Buyer Comment (2025-12-01): cda |
12/03/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 10091826 | [Redact] | 35842406 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | A CDA is required and was not provided. | Reviewer Comment (2025-11-26): Received CDA. Exception cleared Buyer Comment (2025-11-24): Hello Please find the CDA. Thank you |
11/26/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | A | A | A | A | D | A | N/A | No | ||||||||||||
| [Redact] | 10091823 | [Redact] | 35842409 | Credit | Guideline | General | Guideline | DSCR does not meet guideline requirements. | Lender Exception: Borrower not having primary housing history (1st in spouse name and 2nd is HELOC in both name with[Redacted] balance [Redacted] to present vs must document primary housing history. Comp Factor: Credit Score [Redacted] points> minimum required [Redacted] ([Redacted]). Reserves exceeded requirement by [Redacted] months or more - [Redacted] months; Current primary home ownership [Redacted] years > [Redacted] years: Experienced Investor; DSCR [Redacted] > [Redacted]. Exception approved [Redacted]. Review for acceptability and downgrade consideration. |
Reviewer Comment (2025-12-02): Received Rent Free letter signed by Both parties and it is Lender internal exception and not investor exception. Rent Free Borrower acceptable. Borrower is experience Investor. Buyer Comment (2025-11-28): rent free letter from borrower Buyer Comment (2025-11-28): rent free letters from spouse Reviewer Comment (2025-11-24): As per guide, rent-free letters must be provided by both the borrower and the individual providing housing, unless both parties are borrowers on the subject loan. Provided rent free letter is from borrower. Exception remains Buyer Comment (2025-11-20): Was this reviewed to [Redacted] guides? The Lender exception in file is the Seller making an internal exception, not [Redacted]. Please add all exceptions that apply to [Redacted]/rental history guides in [Redacted]. [Redacted] is not making exceptions to their guides at this time |
12/02/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10091849 | [Redact] | 35842418 | Credit | Credit | Credit Documentation | Credit | No evidence of fraud report in file | Fraud Report is missing for [Redacted], a [Redacted]. | Reviewer Comment (2025-12-22): Fraud report for the entity "[Redacted]" received. Exception Cleared. Buyer Comment (2025-12-19): [Redacted] |
12/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10091844 | [Redact] | 35842422 | Credit | Missing Document | General | Missing Document | Missing Document: Source of Funds/Deposit not provided | Source of funds document require to evidenced large deposit of $[Redacted] which reflect from #[Redacted] [Redacted]. | Reviewer Comment (2025-12-04): Large Source is CD liquidated and deposited into savings. Exception Cleared Buyer Comment (2025-12-02): Additional documentation. Large Source is CD liquidated and deposited into savings |
12/04/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10091832 | [Redact] | 35842424 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Tax Certificate not provided | Tax Certificate is missing for subject property. | Reviewer Comment (2025-12-01): Lender used higher tax amount. Cleared. Buyer Comment (2025-11-28): per seller: Lender considered a higher amount for purpose of qualification. Reviewer Comment (2025-11-26): Noted Tax information sheet reflects as annual Tax $[Redacted] / [Redacted] = $[Redacted] vs Lender considered tax amount of $[Redacted] / [Redacted] = $[Redacted]. exception remains. Buyer Comment (2025-11-24): Tax Cert |
12/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10091832 | [Redact] | 35842426 | Credit | Loan Package Documentation | Closing / Title | Missing Document | Missing Document: Rider - Other not provided | Inter Vivos Revocable Trust Rider is missing. | Reviewer Comment (2025-11-26): Noted Inter Vivos Revocable Trust Rider. Exception cleared. Buyer Comment (2025-11-24): Revocable Trust Rider |
11/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10091832 | [Redact] | 35842427 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $[Redacted] is less than the note amount of $[Redacted] based on the Preliminary in file. | Reviewer Comment (2025-12-01): Email from title company stating policy will be issued for $[Redacted] Buyer Comment (2025-11-26): Email |
12/01/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 10091832 | [Redact] | 35842428 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Trust Agreement not provided | Trust Agreement is missing in file. | Reviewer Comment (2025-11-26): Noted Trust Agreement. exception cleared. Buyer Comment (2025-11-24): Trust Cert |
11/26/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10091780 | [Redact] | 35842618 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Require updated Hazard Insurance document with Subject property address updated as "[Redacted]" as In current Hazard Insurance document subject address is mentioned as "[Redacted]" instead of "[Redacted]" direction [Redacted] is missing as given in Note, Security and other documents. | Reviewer Comment (2025-12-05): Received updated HOI with correction in Property address per Note. Exception Cleared Buyer Comment (2025-12-03): HOI |
12/05/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | N/A | N/A | No | |||||||||||
| [Redact] | 10091780 | [Redact] | 35842619 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Not Provided at or Before Closing (3-Day Waiver In File) | ECOA Valuations Rule (Dodd-Frank 2014): Borrower waived right to receive a copy of the appraisal at least three[Redacted] business days prior to closing, and appraisal was not provided at or before closing. | Borrower waived right to receive a copy of the appraisal at least three [Redacted] business days prior to closing, and appraisal was not provided at or before closing. | Reviewer Comment (2025-12-02): Received appraisal delivery Evidence. Timing Waiver already available. Exception cleared Buyer Comment (2025-11-28): Appraisal acknowledgment |
12/02/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | B | A | A | A | N/A | N/A | No | ||||||||||
| [Redact] | 10160355 | [Redact] | [Redact] | 35844361 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-30): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-27): Collateral delivered on [Redacted] via [Redacted] tracking number [Redacted]. |
03/30/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10160381 | [Redact] | [Redact] | 35844921 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-12): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-11): (Rate Lock) [Redacted] |
03/12/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10160381 | [Redact] | [Redact] | 35969817 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | The file is missing a copy of Insurance verification and HOA document. | Reviewer Comment (2026-04-03): Considered insurance from mortgage statement. Exception cleared. Seller Comment (2026-04-01): Documentation supporting HOA and insurance requirements is included in the file. HOA verification for the subject property at [Redacted] is provided on pages [Redacted]o f [Redact] (Doc ID [Redacted]), confirming applicable HOA dues. The loan statement on page [Redacted]of [Redact] (Doc ID [Redacted]) reflects escrow collected for taxes and hazard insurance, evidencing that hazard insurance is included in the monthly payment. The Note on page [Redacted]of [Redacted] (Doc ID [Redacted]) confirms the subject property address, tying the escrowed payment directly to the subject property. The required documentation is in the file Please Clear. Reviewer Comment (2026-03-26): The mortgage statement provided paid by the non-borrower. However, we are not able to determine the exact insurance amount that borrower is paying used for the qualification. Remaining other payments $[Redacted]. Please provide the hazard insurance policy. Exception remains. Seller Comment (2026-03-25): The file contains insurance verification for the subject REO property at [Redacted]. Page 1212 of [Redacted] (Doc ID [Redacted]) reflects the loan statement showing escrow collected for taxes and insurance, evidencing that hazard insurance is in place and included in the monthly payment. Please Cancel. Reviewer Comment (2026-03-25): Received HOA Verification. Please provide the Insurance verification for the property #[Redacted]. Exception remains. Seller Comment (2026-03-24): DOC Seller Comment (2026-03-24): The file contains HOA verification for the subject property at [Redacted], reflecting an HOA amount of $[Redacted] annually ($[Redacted] monthly equivalent). The required documentation has been provided. Please Clear. |
04/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||
| [Redact] | 10160381 | [Redact] | [Redact] | 35969827 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] | Reviewer Comment (2026-03-05): Client elected to waive the condition on the Non-QM [Redacted]lien |
03/05/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 9610948 | [Redact] | 35857858 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Zip Code on Note is [Redacted] and insurance policy reflects zip code as [Redacted]. | Reviewer Comment (2026-01-12): Received 1008 with DSCR calculation. Exception cleared. Buyer Comment (2026-01-12): Updated 1008 Reviewer Comment (2026-01-05): Noted. Received updated final 1003 and PCCD with escrow amount updated. however DSCR ratio calculation needs to be corrected. provide updated DSCR calculation worksheet with updated PITIA and DSCR ratios. Exception remains. Buyer Comment (2026-01-05): updated 1003 and PCCD Reviewer Comment (2025-12-29): Noted revised hazard policy with correct subject street address however annual premium of $[Redacted] and $[Redacted] / month but HUD-1 and Final 1003 reflects annual premium of $[Redacted] and $[Redacted]/month which is not matching with the revised hazard premium of $[Redacted]. so require updated CD and final 1003 to match with correct premium. exception remains. Buyer Comment (2025-12-29): New HOI docs Reviewer Comment (2025-12-17): i) "[Redacted]" missing in Street address of subject property, require updated Hazard Policy with "[Redacted]" updated. ii) Policy period should covers the Note date [Redacted]. iii) Require updated DSCR calculation worksheet with increased hazard premium iv) require updated Final 1003, PCCD to account change in premium amount exception remains Buyer Comment (2025-12-13): Updated HOI Reviewer Comment (2025-11-13): Noted. Provided HOI Policy received has the zip code corrected however address now reflects address as [Redacted] instead of [Redacted]. provided corrected policy. Exception remains. Buyer Comment (2025-11-12): hoi policy with correct zip code |
01/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9610948 | [Redact] | 35857860 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[Redacted]. Provide updated policy reflecting minimum coverage of (enter amount) OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2026-01-05): Revised HOI policy received with updated coverage. Exception cleared. Buyer Comment (2026-01-05): updated 1003 and PCCD Reviewer Comment (2025-12-29): Noted revised hazard policy with correct subject street address however annual premium of $[Redacted] and $[Redacted] / month but HUD-1 and Final 1003 reflects annual premium of $[Redacted] and $[Redacted]/month which is not matching with the revised hazard premium of $[Redacted]. so require updated CD and final 1003 to match with correct premium. exception remains. Buyer Comment (2025-12-29): New HOI docs Reviewer Comment (2025-12-17): i) "[Redacted]" missing in Street address of subject property, require updated Hazard Policy with "[Redacted]" updated. ii) Policy period should covers the Note date [Redacted]. iii) Require updated DSCR calculation worksheet with increased hazard premium iv) require updated Final 1003, PCCD to account change in premium amount exception remains Buyer Comment (2025-12-13): Increased coverage Reviewer Comment (2025-11-13): Noted as per the email received from insurance company it states it is an actual cash / market value. We either need the dwelling to cover the loan amount or an RCE supporting the coverage amount. Exception remains. Buyer Comment (2025-11-12): hoi email regarding replacement increase |
01/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9610948 | [Redact] | 35857861 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | DSCR Calculation Worksheet missing in file. | Reviewer Comment (2025-11-06): Received DSCR calculation Worksheet. exception cleared Buyer Comment (2025-11-04): DSCR |
11/06/2025 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 9610948 | [Redact] | 35857862 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | As per provided Note addendum, Stated Penalty Amount was calculated as per [Redacted] days period, but Rate lock and Final CD reflect calculation as per [Redacted]%; provided corrected Note prepayment addendum. | Reviewer Comment (2025-12-10): Updated Note Addendum - Prepayment provided with correct payment structure as per rate lock and CD. Exception Cleared Buyer Comment (2025-12-09): Note addendum |
12/10/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | N/A | Yes | ||||||||||||
| [Redact] | 9610948 | [Redact] | 35857863 | Credit | Guideline | Guideline Issue | Guideline | Verification of housing pay history is required. | Provide updated mortgage history for #[Redacted]. DLA [Redacted] and credit report dated [Redacted]. All payment histories must reflect [Redacted] measured from the credit report date. On the credit report date, the existing mortgage(s) must be current, which means that no more than [Redacted] days have elapsed since the last paid installment date. |
Reviewer Comment (2025-11-07): Received letter from lender and satisfaction of mortgage confirming the mortgage #[Redacted] is paid in full on [Redacted]. Exception cleared. Buyer Comment (2025-11-05): pd in full statement |
11/07/2025 | 1 | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | N/A | No | |||||||||||||||||
| [Redact] | 9610948 | [Redact] | 35857864 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Debt Service Coverage Ratio (Subject DSCR) discrepancy. | Calculated Debt Service Coverage Ratio (Subject DSCR) of ___ does not meet Guideline Debt Service Coverage Ratio (Subject DSCR) ___. | New exception as a result of document provided. HOI Premium increased thus resulting in DSCR ratio beyond tolerance. Exception remains. | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redact] [Redact] |
Reviewer Comment (2026-01-09): Investor exception provided. Buyer Comment (2026-01-07): investor exception approval |
01/09/2026 | 2 | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10162813 | [Redact] | [Redact] | 35858325 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-16): Waived on Rate Lock: Collateral cleared by Custodian |
03/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10162813 | [Redact] | [Redact] | 36030283 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2026-03-12): Received and associated E-Sign Consent Agreement. Exception cleared. Seller Comment (2026-03-12): econsent |
03/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10162813 | [Redact] | [Redact] | 36030294 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Transfer Tax. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-03-10): Sufficient Cure Provided At Closing |
03/10/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Cash-out - Other | Final CD evidences Cure | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | |||||||||
| [Redact] | 10162813 | [Redact] | [Redact] | 36030305 | Credit | Hazard Insurance | Insufficient Coverage | Hazard Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[Redacted] Provide updated policy reflecting minimum coverage of $[Redacted] OR provide copy of insurer's replacement cost estimate supporting current coverage amount. | Reviewer Comment (2026-03-13): RCE provided Seller Comment (2026-03-12): replacement cost was lower then the coverage amount. Seller Comment (2026-03-12): replacement cost |
03/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10162813 | [Redact] | [Redact] | 36035121 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three [Redacted] business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/11/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10162814 | [Redact] | [Redact] | 35858415 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-13): Waived on Rate Lock: Collateral cleared by Custodian |
03/13/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10162814 | [Redact] | [Redact] | 36030399 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | The Title Policy Amount of $[Redacted]is less than the note amount of $[Redacted] based on the Commitment in file. | 03/11/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10162814 | [Redact] | [Redact] | 36030488 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Review Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-03-10): Sufficient Cure Provided At Closing |
03/10/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | B | B | B | B | A | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10163245 | [Redact] | [Redact] | 35859856 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-18): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-17): (Rate Lock) [Redacted] |
03/18/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10163245 | [Redact] | [Redact] | 35984985 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted] or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted] ([Redacted]) (an overage of $[Redacted]5 or .[Redacted]%). | Reviewer Comment (2026-03-06): Client elected to waive the condition on the Non-QM 1st lien |
03/06/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10163245 | [Redact] | [Redact] | 35988215 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three [Redacted] business days prior to consummation. | Verification appraisal was delivered to borrower was not provided. | 03/06/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | ||||||||||
| [Redact] | 10175676 | [Redact] | [Redact] | 35862589 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-12): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-10): (Rate Lock) Delivered [Redacted]. Tracking [Redacted] |
03/12/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | D | B | D | A | D | B | A | A | N/A | No | ||||||||||||
| [Redact] | 10175676 | [Redact] | [Redact] | 35972277 | Credit | Loan Package Documentation | Closing / Title | Title | Title: Evidence of title is missing | Title: Evidence of title is missing in file | Reviewer Comment (2026-03-06): Title commitment provided Seller Comment (2026-03-06): (Rate Lock) Title. Thanks! |
03/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | D | B | A | A | N/A | No | |||||||||||
| [Redact] | 10175676 | [Redact] | [Redact] | 35972290 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Legal / Regulatory / Compliance | Final Title Policy is missing. No evidence of title in file. | Title Evidence is Missing in file. | Reviewer Comment (2026-03-06): Title commitment provided Seller Comment (2026-03-06): (Rate Lock) Final Title Policy is a trailing doc and should not be required for purchase. Thanks! |
03/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | D | B | A | A | N/A | No | |||||||||||
| [Redact] | 10175676 | [Redact] | [Redact] | 35972332 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | The file is missing a copy of the Business Purpose Certificate. | Reviewer Comment (2026-03-06): Business purpose Cert provided Seller Comment (2026-03-06): (Rate Lock) Business purpose cert. |
03/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | D | B | A | A | N/A | No | |||||||||||
| [Redact] | 10175676 | [Redact] | [Redact] | 35972342 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Closing Protection Letter not provided | The file is missing a copy of the Closing Protection Letter. | Reviewer Comment (2026-03-06): CPL provided Seller Comment (2026-03-06): (Rate Lock) CPL |
03/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | D | B | A | A | N/A | No | |||||||||||
| [Redact] | 10175676 | [Redact] | [Redact] | 35972344 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | The file is missing a copy of the HUD/CD. | Reviewer Comment (2026-03-06): CD provided Seller Comment (2026-03-06): (Rate Lock) final CD and ALTA Settlement Statement |
03/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | D | B | A | A | N/A | No | |||||||||||
| [Redact] | 10175676 | [Redact] | [Redact] | 35972350 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | The file is missing a copy of the Purchase Agreement / Sales Contract. | Reviewer Comment (2026-03-06): Purchase agreement provided Seller Comment (2026-03-06): (Rate Lock) Purchase contract. |
03/06/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | B | D | A | D | B | A | A | N/A | No | |||||||||||
| [Redact] | 10175676 | [Redact] | [Redact] | 35972355 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Rider - Prepayment not provided | The file is missing a copy of the Rider - Prepayment. | Reviewer Comment (2026-03-06): Prepay Rider provided Seller Comment (2026-03-06): (Rate Lock) Executed PPP Rider. |
03/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | D | B | A | A | N/A | No | |||||||||||
| [Redact] | 10175676 | [Redact] | [Redact] | 35972357 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - PUD not provided | The file is missing a copy of the Rider - PUD. | Reviewer Comment (2026-03-06): PUD Rider provided Seller Comment (2026-03-06): (Rate Lock) Executed PUD Rider. |
03/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | B | D | A | D | B | A | A | N/A | No | |||||||||||
| [Redact] | 10175676 | [Redact] | [Redact] | 35972374 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three [Redacted] business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three [Redacted] business days prior to consummation. | 03/05/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | D | B | D | A | D | B | A | A | N/A | No | |||||||||||
| [Redact] | 10175676 | [Redact] | [Redact] | 35972375 | Compliance | Compliance | Federal Compliance | TRID Defect | Missing Closing Disclosure: No Document Used For Fee Testing | Missing Final Closing Disclosure. No document containing fees provided. Any applicable Federal, State or Local compliance testing is unreliable. | Missing Final Closing Disclosure. | Reviewer Comment (2026-03-06): CD provided Seller Comment (2026-03-06): (Rate Lock) Final CD and ALTA settlement statement |
03/06/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | B | D | A | D | B | A | A | N/A | No | ||||||||||
| [Redact] | 10175676 | [Redact] | [Redact] | 35992370 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Note Addendum - Prepayment not provided | Upon further review, the file is missing the Prepayment Penalty Addendum to the Note. | Reviewer Comment (2026-03-11): Received and associated Note Addendum - Prepayment. Exception cleared. Seller Comment (2026-03-10): (Rate Lock) Prepay addendum to NOTE. |
03/11/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Purchase | D | B | D | A | D | B | A | A | N/A | Yes | ||||||||||||||||
| [Redact] | 10175676 | [Redact] | [Redact] | 35992374 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Missing Final 1003 | Upon further review, the file is missing a copy of the final 1003 for both borrowers. | Reviewer Comment (2026-03-11): Received and associated final 1003. Exception cleared. Seller Comment (2026-03-10): (Rate Lock) Final 1003 for both borrowers. |
03/11/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Purchase | D | B | D | A | D | B | A | A | N/A | No | ||||||||||||||||
| [Redact] | 10175676 | [Redact] | [Redact] | 35992503 | Credit | Credit | AUS Discrepancy / Guidelines Discrepancy | Guideline | Guideline Requirement: PITIA reserves months discrepancy. | The final CD was received and the cash from the borrower was updated, As a result, the assets verified were insufficient to meet the [Redacted] month PITIA reserve requirement. The assets included on the 1003 in file (prelim 1003) matched the assets used to qualify and reserves were short by $[Redacted]. | Reviewer Comment (2026-03-12): Final 1003 provided including retirement funds verified in the initial file. These funds were not used to qualify on the initial 1003. The assets verified in file were sufficient for the funds needed to close and reserves. Seller Comment (2026-03-11): (Rate Lock) We have [Redacted] verified in liquid assets. With updated CTC amount, we have $[Redacted] in reserves, covering more than 2 months reserves. Please waive condition. |
03/12/2026 | 1 | A | A | A | A | A | [Redact] | Investment | Purchase | D | B | D | A | D | B | A | A | N/A | No | ||||||||||||||||
| [Redact] | 10026797 | [Redact] | 35872552 | Compliance | Loan Package Documentation | Application / Processing | Missing, Incorrect, or Incomplete Final or Initial 1003 | Missing Document: Missing Lender's Initial 1003 | The file was missing a copy of 1003 Initial | Reviewer Comment (2025-12-01): Initial 1003 provided Buyer Comment (2025-11-25): Clear 1003 |
12/01/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10026797 | [Redact] | 35872554 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Check Loan Designation Match - ATR | Ability to Repay (Dodd-Frank 2014): Originator Loan Designation of Non QM does not match Due Diligence Loan Designation of ATR Fail. | Insufficient income documents | Reviewer Comment (2025-12-01): Additional bank statements provided Buyer Comment (2025-11-25): Clear ATR |
12/01/2025 | 1 | B | A | C | A | B | A | C | A | B | A | [Redact] | Primary | Purchase | Lender to provide updated ATR/QM status | D | B | D | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10026797 | [Redact] | 35872555 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | General Ability To Repay Provision Income and Assets - Bank Statement Guidelines Number of Bank Statements Requirement not met | Ability to Repay (Dodd-Frank 2014): The number of bank statements provided for borrower's bank statement income was less than the number required by guidelines. | The file was missing Account Statements for [Redact], [Redact], and [Redact] for Bank Statement income. | Reviewer Comment (2025-12-01): Additional bank statements provided Buyer Comment (2025-11-25): Clear Assets |
12/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10026797 | [Redact] | 35872556 | Compliance | Compliance | Federal Compliance | ATR/QM Defect | Loan does not meet one or more guideline components which could impact the borrower's ability to repay. | Ability to Repay (Dodd-Frank 2014): Based on the loan failing one or more guideline components, the loan is at ATR risk. | Insufficient income documents | Reviewer Comment (2025-12-01): Additional bank statements provided Buyer Comment (2025-11-25): Clear Assets |
12/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10026797 | [Redact] | 35872559 | Compliance | Compliance | Federal Compliance | ATR/QM | NonQM ATR | Ability-to-Repay (Dodd-Frank 2014): General Ability-to-Repay requirements not satisfied. | The file was missing Account Statements for [Redact], [Redact], and [Redact] for Bank Statement income. | Reviewer Comment (2025-12-01): Additional bank statements provided |
12/01/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10026797 | [Redact] | 35872561 | Credit | Income / Employment | Income Documentation | Income / Employment | Income Docs Missing: | - ___ | The file was missing Account Statements for [Redact], [Redact], and [Redact] for Bank Statement income. | Reviewer Comment (2025-12-01): Additional bank statements provided Buyer Comment (2025-11-25): Clear bank statement |
12/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10026797 | [Redact] | 35872562 | Credit | Credit | Credit Documentation | Missing Document | Missing Document: Credit Report not provided | A gap credit report is required within 10 days of closing | Reviewer Comment (2025-12-03): Received and associated Gap Credit report. Exception Cleared Buyer Comment (2025-12-01): see attached Reviewer Comment (2025-12-01): Received Gap Credit report for the borrower; reports are required for both borrowers, but the co-borrower "[Redact]" report is missing. Exception Remains. Buyer Comment (2025-11-24): Clear gap credit Buyer Comment (2025-11-24): Clear gap credit. |
12/03/2025 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Primary | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10026797 | [Redact] | 35872563 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redact] or Final Disclosure APR of [Redact] is equal to or greater than the threshold of APOR [Redact] + 1.5%, or [Redact]. Non-Compliant Higher Priced Mortgage Loan. | Reviewer Comment (2025-12-01): Appraisal delivery provided Buyer Comment (2025-11-25): this is a NON-QM loan, it is fine to be HPML- it just cannot be "High Cost" which it is not. |
12/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10026797 | [Redact] | 35872564 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Creditor did not provide a copy of each valuation to applicant three (3) business days prior to consummation. | Reviewer Comment (2025-12-01): Appraisal delivery provided Buyer Comment (2025-11-25): Clear condition |
12/01/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10026797 | [Redact] | 35872565 | Compliance | Compliance | Miscellaneous Compliance | Missing Non-Required Data | Paid To party cannot be determined on the Closing Disclosure. For compliance testing purposes, Paid To of Lender will be considered in lieu of UTD. | - ___ | Says TBD | Reviewer Comment (2025-12-03): Letter of Explanation & Corrected Closing Disclosure provided Buyer Comment (2025-12-03): LOE attached Reviewer Comment (2025-12-03): This is not a tolerance violation. This is in regards to the payee not being listed for the fee on the Final CD which was corrected on the PC-CD. An LOE to the borrower is required to complete the cure. Buyer Comment (2025-12-02): initially disclose the fee on ALL DISCLOSURES, it even went down by the PCCD. No cure is needed. CD from docs, both initial CDs, both locked and initial LE show [Redact] and the final CD shows [Redact] Reviewer Comment (2025-12-01): Received PC-CD. Pending receipt of LOE to borrower to cure. Buyer Comment (2025-12-01): see attached PCCD |
12/03/2025 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | D | B | D | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10026797 | [Redact] | 35872566 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Section 1 of VOR is not completed as well as 12 months cancelled checks required for private party VOR. | Reviewer Comment (2025-12-05): Received and associated VOR and 12 months cancelled. Exception Cleared Buyer Comment (2025-12-03): see attached Reviewer Comment (2025-12-03): Received VOR for Co-Borrower ([Redact]). However, the required VOR for Borrower ([Redact]) is incomplete-Section 1 of the VOR is not filled in. Additionally, 12 months of cancelled checks are required for the private party VOR. Exception remains. Buyer Comment (2025-12-01): see attached Reviewer Comment (2025-12-01): VOR Part I is still blank, and 12 months of cancelled rent checks have not been received. Required: 12 months of cancelled checks for paid rents. Exception Remains. Buyer Comment (2025-11-24): Clear VOR |
12/05/2025 | 1 | A | A | A | A | A | [Redact] | Primary | Purchase | D | B | D | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||||||
| [Redact] | 10026792 | [Redact] | 35872583 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Max for use of gift funds | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redact] [Redact] [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2026-01-07): Client elects to waive with verified compensation factors Buyer Comment (2026-01-06): see exception attached |
01/07/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||
| [Redact] | 10176999 | [Redact] | [Redact] | 35873132 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-11): Waived on Rate Lock: Collateral cleared by Custodian |
03/11/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | B | B | A | A | B | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10176999 | [Redact] | [Redact] | 35997043 | Compliance | Compliance | Federal Compliance | GSE | Fannie Mae 2014 - 3% Points and Fees | Fannie Mae 2014 [Redacted]% Points and Fees Test. Points and Fees on subject loan of [Redacted]% is in excess of the investor allowable maximum of [Redacted]% of the Federal Total Loan Amount. Points and Fees total $[Redacted] on a Federal Total Loan Amount of $[Redacted] vs. an investor allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2026-03-09): Client elected to waive the condition on the Non-QM 1st lien |
03/09/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Refinance - Cash-out - Other | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10177966 | [Redact] | [Redact] | 35906142 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-13): Waived on Rate Lock: Collateral cleared by Custodian |
03/13/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | B | B | B | B | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10177966 | [Redact] | [Redact] | 36016538 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | The Title Policy Amount of ___ is less than the note amount of ___ based on the ___ in file. | Title Policy Coverage is less than Original Loan Amount. | 03/10/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Refinance - Limited Cash-out GSE | B | B | B | B | A | A | A | A | N/A | No | |||||||||||
| [Redact] | 10179067 | [Redact] | [Redact] | 35922841 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-13): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-11): (Rate Lock) [Redacted] |
03/13/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10179650 | [Redact] | [Redact] | 35928390 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-11): Waived on Rate Lock: Collateral cleared by Custodian |
03/11/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10179650 | [Redact] | [Redact] | 35983911 | Credit | Title | Document Error | Title | The Preliminary title policy is within [Redact] or [Redact] and does not reflect a coverage amount (no final title policy in file). Unable to determine if appropriate coverage is provided. | Title Policy Amount not Provided on The Preliminary Document | 03/06/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | B | B | B | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10084759 | [Redact] | 35928972 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Rider - PUD not provided | Rider-PUD missing in file. | Reviewer Comment (2026-01-06): PUD rider provided Buyer Comment (2026-01-05): attached |
01/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10085006 | [Redact] | 35928991 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Appraisal Provided Prior to Date Performed | ECOA Valuations Rule (Dodd-Frank 2014): Date valuation provided to applicant is prior to the date when valuation was performed. Unable to determine compliance with appraisal timing requirements. | Appraisal receipt date [Redacted], however appraisal report was signed [Redacted]. | Reviewer Comment (2026-01-20): Prior appraisal received dated [Redacted]; Exception cleared. Buyer Comment (2026-01-16): Appraisal completed [Redacted]. |
01/20/2026 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10084821 | [Redact] | 35928994 | Compliance | Compliance | State Compliance | State HPML | (State HPML) [Redact] Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) | [Redact] Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Compliant Higher Priced Loan. | Buyer Comment (2026-01-20): Appraisal and escrows |
01/20/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | No obvious cure | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10084821 | [Redact] | 35928996 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Missing Electronic Consent. | Reviewer Comment (2026-01-22): E-sign consent received and associated in file; Exception cleared. Buyer Comment (2026-01-20): in file at the time of review. |
01/22/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10084931 | [Redact] | 35929003 | Compliance | Compliance | State Compliance | State HPML | (State HPML) [Redact] Higher-Priced Mortgage Loan (APR Exceeds HPML Threshold) | [Redacted] Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Compliant Higher Priced Loan. | Buyer Comment (2026-01-21): Appraisal and Escrow included |
01/21/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | No obvious cure | B | B | A | A | B | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10179683 | [Redact] | [Redact] | 35929298 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-16): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-13): Tracking Number [Redacted] |
03/16/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10026808 | [Redact] | 35929688 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Last Date Rate Set and Initial Rate Lock Date not provided | Reviewer Comment (2026-02-05): Rate lock provided Buyer Comment (2026-02-04): see attached |
02/05/2026 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10026808 | [Redact] | 35929690 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three [Redacted] business days prior to closing. | Closing Disclosure not provided to Borrower(s) at least three [Redacted] business days prior to closing. | Reviewer Comment (2026-02-05): [Redacted] received initial CD. Buyer Comment (2026-02-04): see attached |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | No Defined Cure | D | A | D | A | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10026808 | [Redact] | 35929692 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | 10% tolerance was exceeded by $[Redacted] due to increase of recording fee. No valid COC provided, nor evidence of cure in file. | Reviewer Comment (2025-12-09): Sufficient Cure Provided At Closing |
12/09/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | D | A | D | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10026808 | [Redact] | 35929694 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Gap Credit Report provided within [Redacted] days of closing | Reviewer Comment (2026-02-10): Received and associated Credit Report - Gap. Exception cleared. Buyer Comment (2026-02-06): Gap credit report Reviewer Comment (2026-02-06): The lender exception provided is to allow the gap credit 1 day past [Redacted] days, however there is no gap credit report in file. Provide the gap report and the condition can be waived is > [Redacted] days after. Buyer Comment (2026-02-05): exception form from [Redacted] to allow current gap credit 1 day past the [Redacted] days |
02/10/2026 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Primary | Purchase | D | A | D | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10026790 | [Redact] | 35929754 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Lender Credit Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure:Zero Percent Fee Tolerance exceeded for Lender Credits. Final Lender Credit of $[Redacted] exceeds tolerance of $[Redacted]. Insufficient or no cure was provided to the borrower. | COC just indicates rate was locked. No valid reasoning provided for lender credit decrease. | Reviewer Comment (2026-02-04): [Redacted] received valid COC document Buyer Comment (2026-02-03): see attached |
02/04/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | B | B | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10026790 | [Redact] | 35929755 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Re-Inspection Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted]0 over legal limit. Insufficient or no cure was provided to the borrower. | COC states fee was added, however fee was increased. No valid reasoning provided for fee increase. | Reviewer Comment (2026-02-09): [Redacted] received Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD. Buyer Comment (2026-02-06): Attached Reviewer Comment (2026-02-04): [Redacted] received Changed Circumstance dated [Redacted], but it does not give sufficient information on why the appraisal re-inspection fee was increased. In order to determine if the changed circumstance is valid more information is necessary on reason fee increased to $[Redacted] and when lender became aware of the change. A valid COC or cure is required. Cure documents consist of PCCD, LOE, proof of mailing and copy of refund check. Buyer Comment (2026-02-03): see attached Reviewer Comment (2026-01-29): [Redacted]: The COC that was provided in the trailing images was also provided in the original loan package. but it does not give sufficient information on what impacts and why the additional 1004D fee was added on [Redacted] CD. In order to determine if the changed circumstance is valid more information is necessary on reason for the fee increase and when lender became aware of the change. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2026-01-28): see attached |
02/09/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Second Home | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | C | B | C | B | B | B | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10026790 | [Redact] | 35929756 | Property | Property - Appraisal | Appraisal Reconciliation | Property - Appraisal | Appraisal is required to be in name of Lender | - | Transfer letter not provided | Buyer Comment (2026-01-28): Ev2 |
01/28/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Second Home | Purchase | C | B | C | B | C | B | B | B | Non QM | Non QM | No | ||||||||||
| [Redact] | 10026790 | [Redact] | 35929757 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Blanket HOI and Blanket Flood Insurance Policies: City does not match Note | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redact] [Redact] [Redact] [Redact] [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2026-02-12): Client elects to waive with verified compensation factors Buyer Comment (2026-02-11): Attached Reviewer Comment (2026-02-10): The address is exactly the same as the subject property with the exception of the cities. This needs to be updated on both blanket policies for flood and HOI. Buyer Comment (2026-02-09): The subject property address on the master policy shows the city of [Redacted]. The HOA could have a different address than the subject unit. Reviewer Comment (2026-02-04): The policy provided is the borrower's HO6. As noted in the original condition and comments on [Redacted], the city does not match on the Blanket HOI and Blanket Flood Policies. Buyer Comment (2026-02-03): see attached Reviewer Comment (2026-01-30): Per the original condition, the city does not match. City is [Redacted]. City on documents is [Redacted] for Blanket HOI and Blanket Flood Policies. Buyer Comment (2026-01-28): Please advise- I am seeing the same address |
02/12/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Second Home | Purchase | C | B | C | B | C | B | B | B | Non QM | Non QM | No | |||||||||
| [Redact] | 10026790 | [Redact] | 35929758 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Appraisal, [Redacted] and CDA: City does not match Note | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redact] [Redact] [Redact] [Redact] [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2026-02-12): Client elects to waive with verified compensation factors |
02/12/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Second Home | Purchase | C | B | C | B | C | B | B | B | Non QM | Non QM | No | ||||||||
| [Redact] | 10026783 | [Redact] | 35929761 | Property | Property - Appraisal | Appraisal Documentation | Property - Appraisal | Loan is to be securitized. Secondary valuation is missing. Sec ID: 2 | Reviewer Comment (2026-01-30): CDA provided Buyer Comment (2026-01-28): see attached |
01/30/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Primary | Purchase | D | A | A | A | A | A | D | A | Non QM | Non QM | No | ||||||||||||
| [Redact] | 10026783 | [Redact] | 35929765 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Credit Report Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2025-12-17): Sufficient Cure Provided At Closing |
12/17/2025 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | D | A | A | A | A | A | D | A | Non QM | Non QM | Yes | ||||||||||
| [Redact] | 10026772 | [Redact] | 35929788 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Title Evidence: ___ | Reviewer Comment (2026-01-30): FTP provided |
01/30/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10026772 | [Redact] | 35929792 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the clear title policy. [Redact] lien on title. | Reviewer Comment (2026-01-30): Clear FTP provided Buyer Comment (2026-01-28): see attached |
01/30/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10026761 | [Redact] | 35929803 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file was missing a copy of the final title policy. | Reviewer Comment (2026-01-21): FTP provided |
01/21/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10026761 | [Redact] | 35929806 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the clear title policy. Judgment on title and marital case on title. | Reviewer Comment (2026-01-21): Clear FTP provided Buyer Comment (2026-01-21): see attached |
01/21/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10026748 | [Redact] | 35929807 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-01-20): FTP provided |
01/20/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Non QM | Non QM | No | ||||||||||||
| [Redact] | 10026748 | [Redact] | 35929810 | Compliance | Compliance | State Compliance | State Defect | (State High Cost) [Redact] High-Cost Loan (Points and Fees) | [Redacted] Home Ownership Security Act: Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of [Redacted]% of the Total Loan Amount. Points and Fees total $[Redacted] on a Total Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] (an overage of $[Redacted] or [Redacted]%). Compliant High Cost Loan. | Missing undiscounted rate and price. Also, Lender did not include $[Redacted] courier fee and their TLA calculation did not consider financed fees. | Reviewer Comment (2026-02-03): Lender provided undiscounted rate and price. Re-tested. Condition no longer applies. Reviewer Comment (2026-02-03): Disclosure provided notes what the undiscounted rate is but not the undiscounted rate price which is the premium or amount of discount points required to obtain the Undiscounted Interest Rate. This is not the same as the discount points paid by borrower as reflected on the CD. This information can typically be derived from documentation such as a Rate Sheet or Price Engine Printout showing the Buy Up and Buy Down options. Buyer Comment (2026-01-30): see attached Reviewer Comment (2026-01-30): Re-opening rescission does not cure or clear this condition. See comments from [Redacted]: There is a courier fee in Section H of the Final CD which the lender did not include in their TLA calculations financed fees. Cure for this exception already expired and can no longer be cured. Cure provisions were: Within [Redacted] days of closing, provide: (1) Letter of Explanation; (2) refund of amount over the covered loan threshold maximum; and (3) proof of mailing (must be in transit with courier). Buyer Comment (2026-01-28): see attached Reviewer Comment (2026-01-23): There is a courier fee in Section H of the Final CD which the lender did not include in their TLA calculations financed fees. Cure for this exception already expired and can no longer be cured. Cure provisions were: Within 45 days of closing, provide: (1) Letter of Explanation; (2) refund of amount over the covered loan threshold maximum; and (3) proof of mailing (must be in transit with courier). Buyer Comment (2026-01-23): Please advise- there is no courier fee on the final docs why is there a cure for it? |
02/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Cash-out - Other | Within 45 days of closing, provide: (1) Letter of Explanation; (2) refund of amount over the covered loan threshold maximum; and (3) proof of mailing (must be in transit with courier). (Limited Use Bona Fide Errors - Compliance and Client Approval Required) Within 365 days of closing, provide: (1) Legal opinion from originating lender with loan-specific details on how a high-cost loan was made despite procedures to prevent and confirms (i) the failure constitutes a bona fide error for the jurisdiction in which the property is located, and (ii) that the lender has not received any notice from the borrower of the failure; (2) procedures or explanation of controls in place to prevent such errors; (3) client written approval accepting use of the bona fide error cure; (4) Letter of Explanation to borrower; (5) refund of amount over the high-cost threshold maximum; and (6) proof of mailing (must be in transit with courier). Note, a cure may not be accepted if the seller/lender has certified a fix has been made to their system and the same issue continues to occur after the fix has been put into place. |
D | B | D | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10026748 | [Redact] | 35929811 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | TILA Notice of Right to Cancel Expiration Date Prior or equal to Disbursement Date | Truth in Lending Act: Actual Date(s) on Notice of Right to Cancel occurs prior to expected date(s). | Expiration date is the same as the transaction date. [Redacted] days rescission not provided. Rescission must be re-opened. | Reviewer Comment (2026-01-30): Letter of Explanation, Proof of Delivery, and Re-open Rescission provided Buyer Comment (2026-01-28): see attached |
01/30/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | B | D | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10026748 | [Redact] | 35929812 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the updated 1008/1003. Borrower is receiving > [Redacted]% of loan amount. [Redacted] vs. Rate and Term. | Reviewer Comment (2026-01-20): Updated 1003/1008 provided Buyer Comment (2026-01-18): see attached |
01/20/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10026748 | [Redact] | 35929813 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Provide the deed transferring the property to the borrower. Must be dated at or prior to closing. Title does not reflect borrower as vested. | Reviewer Comment (2026-01-20): FTP provided with deed transfer date to borrower only dated prior to closing. Buyer Comment (2026-01-20): see attached |
01/20/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10026748 | [Redact] | 35929814 | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | ISAOA is missing | Reviewer Comment (2026-01-20): Updated HOI provided Buyer Comment (2026-01-20): see attached |
01/20/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Cash-out - Other | D | B | D | A | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10026789 | [Redact] | 35929817 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Provide the VOR for the previous primary residence on [Redacted] for a complete [Redacted] month history. Borrower has been renting current primary on [Redacted] for [Redacted] months. | Reviewer Comment (2026-02-04): Lease and pay history provided Reviewer Comment (2026-02-03): Received same documents which were available in file. Please Provide the VOR for the previous primary residence on [Redacted], for a complete [Redacted]-month history. Exception remains. Buyer Comment (2026-01-30): see attached |
02/04/2026 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026782 | [Redact] | 35929818 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-02-05): FTP provided |
02/05/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10026782 | [Redact] | 35929819 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | HOI coverage is insufficient by $[Redacted]. Provide the RCE. | Reviewer Comment (2026-01-08): RCE provided Buyer Comment (2026-01-08): RCE attached |
01/08/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026782 | [Redact] | 35929820 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Provide the Unanimous Consent. An LOE is not acceptable as a [Redacted] has specific verbiage. | Reviewer Comment (2026-02-03): [Redacted] addendum provided with UC consent to Guarantor. Buyer Comment (2026-01-30): see attached |
02/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026782 | [Redact] | 35929821 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the clear title policy. Blanket lien on title, item #[Redacted], [Redacted]. | Reviewer Comment (2026-02-05): FTP provided Buyer Comment (2026-02-05): Clear title policy Reviewer Comment (2026-02-03): The full lien was not paid through closing as it is a blanket lien for $[Redacted]. Provide the clear title policy. Buyer Comment (2026-01-30): The lien was paid at closing please clear condition Reviewer Comment (2026-01-26): Please see comments from [Redacted]: Provide the clear title policy as their is a blanket lien on title #[Redacted], Schedule C. Buyer Comment (2026-01-23): Please advise which schedule the lien is listed on Reviewer Comment (2026-01-08): The same title policy was provided that was in file at time of revie wand is not the final. Provide the clear title policy as their is a blanket lien on title #[Redacted], Schedule C. Buyer Comment (2026-01-08): Final Title Policy |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026782 | [Redact] | 35929822 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | The Guarantor Agreement in file does not have the correct loan amount and appears to be for the concurrent transaction. The agreement with the correct loan amount is not executed or notarized. | Reviewer Comment (2026-02-05): Corrected [Redacted] agreement provided Buyer Comment (2026-02-04): Guarantor agreement Reviewer Comment (2026-02-03): Received same documents which were available in file. The Guarantor Agreement in file does not have the correct loan amount and appears to be for the concurrent transaction. The agreement with the correct loan amount is not executed or notarized. Exception remains. Buyer Comment (2026-01-30): see attached |
02/05/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026781 | [Redact] | 35929823 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Hazard Policy coverage shortfall of $[Redacted]. Provide the RCE. | Reviewer Comment (2026-02-05): RCE provided Buyer Comment (2026-02-04): RCE Reviewer Comment (2026-02-03): The RCE provided is not for the subject property address. Subject property is [Redacted] and RCE reflects [Redacted]. Buyer Comment (2026-01-30): see attached |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026781 | [Redact] | 35929824 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-02-05): FTP provided |
02/05/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10026781 | [Redact] | 35929825 | Credit | Asset | Asset Documentation | Asset | Guideline Issue:Insufficient asset documentation. | - | [Redacted] months required | Reviewer Comment (2026-01-26): Additional statement month provided Buyer Comment (2026-01-23): see attached |
01/26/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||
| [Redact] | 10026781 | [Redact] | 35929826 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the clear title policy. Blanket lien on title. | Reviewer Comment (2026-02-05): FTP provided Buyer Comment (2026-02-05): Clear title policy Reviewer Comment (2026-02-03): The full lien was not paid through closing as it is a blanket lien for $[Redacted]. Provide the clear title policy. Buyer Comment (2026-01-30): This lien was paid at closing Reviewer Comment (2026-01-26): The same title policy was provided that was in file at time of review. Please review the original condition. Provide the clear title policy. Blanket lien on title. Buyer Comment (2026-01-23): see attached |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026781 | [Redact] | 35929827 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Provide the Unanimous Consent. An LOE is not acceptable as a [Redacted] has specific verbiage. | Reviewer Comment (2026-02-03): [Redacted] addendum provided with UC consent to Guarantor. Buyer Comment (2026-01-30): see attached |
02/03/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026776 | [Redact] | 35929832 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Articles of Organization/Formation not provided | Reviewer Comment (2026-02-05): Received and associated Articles of Organization/Formation. Exception cleared. Buyer Comment (2026-02-04): Certificate of Formation Reviewer Comment (2026-01-26): The Cert of Good Standing (Cert of Fact), Unanimous Consent and EIN were provided. Condition calls for the Articles of Formation/Organization. Buyer Comment (2026-01-23): see attached |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10026776 | [Redact] | 35929833 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2026-01-26): COGS provided Buyer Comment (2026-01-23): see attached |
01/26/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10026776 | [Redact] | 35929834 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Employer Identification Number (EIN) not provided | Reviewer Comment (2026-01-26): EIN provided Buyer Comment (2026-01-23): see attached |
01/26/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10026774 | [Redact] | 35929838 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Purchase Agreement / Sales Contract not provided | Sale Escrow Instructions in file, however amended escrow instructions addendum not signed by the property seller ([Redacted]). Also, guidelines do not state if these are allowed in lieu of a traditional purchase contract. | Reviewer Comment (2026-02-06): Signed amendment provided Buyer Comment (2026-02-06): seller signed amended escrow instructions Reviewer Comment (2026-02-06): Comments from [Redacted] indicating allowing the use of Escrow Instructions for [Redacted] transaction in [Redacted]. However, this does not fully address the condition. As noted in the original condition, an amended escrow instructions addendum is not signed by the property seller. There is no page number however the paragraph verbiage is "All executory terms, conditions, and/or contingencies required to be fulfilled for purposes of closing this escrow have been satisfied, waived or otherwise addressed to the satisfaction of the parties and Escrow Holder is instructed to close transaction." Buyer Comment (2026-02-04): Our guidelines do not specifically speak to using escrow instrcutions in pleace of a purchase contract. But as long as they speak to the fact it's the only written agreement betweedn said parties and it's signed by both parties then we accept it. And this one does in section Q For-Sale-By-Owner. Please allow. thank you Buyer Comment (2026-02-04): Email from title saying that it's not required to be signed by seller since it's the buyers choice on how they want to vest Buyer Comment (2026-02-04): Signed amended escrow instructions |
02/06/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026769 | [Redact] | 35929839 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-01-28): FTP provided |
01/28/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | |||||||||||||||
| [Redact] | 10026769 | [Redact] | 35929840 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Estimated settlement statement already in file | Reviewer Comment (2026-01-28): Final stamped settlement statement provided Buyer Comment (2026-01-27): see attached |
01/28/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026769 | [Redact] | 35929841 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Title Policy: #[Redacted] not reflected | Reviewer Comment (2026-01-28): Updated and final title policy provided Buyer Comment (2026-01-28): see attached |
01/28/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026769 | [Redact] | 35929842 | Credit | Insurance | Insurance Documentation | Insurance | Rent loss insurance is required on all properties and there is no evidence of this insurance in the file. | The HOI states rent loss included, however does not reflect how much. [Redacted] months rents used to qualify is required. | Reviewer Comment (2026-01-28): Updated HOI provided Buyer Comment (2026-01-28): see attached |
01/28/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026769 | [Redact] | 35929843 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Appraisal: #[Redacted] is missing | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redact] [Redact] [Redact] |
Reviewer Comment (2026-02-17): The client elects to waive. Buyer Comment (2026-02-17): Please review and clear |
02/17/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | |||||||||||
| [Redact] | 10026769 | [Redact] | 35929844 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | CDA: [Redacted] and #[Redacted] is missing | Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redact] [Redact] [Redact] |
Reviewer Comment (2026-02-17): The client elects to waive. Buyer Comment (2026-02-17): Please review and clear |
02/17/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | |||||||||||
| [Redact] | 10026769 | [Redact] | 35929845 | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | Flood Cert: [Redacted] and #[Redacted] is missing | Reviewer Comment (2026-01-28): Updated flood cert provided Buyer Comment (2026-01-28): see attached- Buyer Comment (2026-01-27): see attached |
01/28/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026769 | [Redact] | 35929846 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | HOI: #[Redacted] is missing | Reviewer Comment (2026-01-28): Updated HOI provided Buyer Comment (2026-01-28): see attached |
01/28/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026763 | [Redact] | 35929856 | Credit | Guideline | Guideline Issue | Guideline | Short Term Rental property consistently used as a seasonal or vacation rental (i.e., [Redact]) and evidence of at least 12 months of Operating History is not present in the loan file. | 12-month lookback required for all refinances. 1007 only provided with [Redacted]. | Reviewer Comment (2026-02-06): Vacation listing provided that matches appraisal pics and 12 month lookback. Buyer Comment (2026-02-05): attached is the [Redacted] listing. You can see from the pictures this is our subject property. The name of the listing is [Redacted]-private pool which matches the name on the ledger. Also this shows it's hosted by [Redacted] which matches the ledger which is our borrower. Reviewer Comment (2026-02-05): The ledger provided does not reflect an address as to what property this is for. Buyer Comment (2026-02-05): [Redacted] month [Redacted] ledger for short term rental |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026763 | [Redact] | 35929857 | Credit | Loan Package Documentation | Closing / Title | Loan Package Documentation | Missing Document: Power of Attorney (POA) not provided | The POA does not contain an expiration date. | Reviewer Comment (2026-02-05): Per client confirmation, [Redacted] considers the consummation of the transaction as the expiration of the POA, since the subject title transaction is specifically noted on the document. Requested clearance. |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026763 | [Redact] | 35929858 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Max for [Redacted]. | Reviewer Comment (2026-02-05): Client requested re-review to [Redacted] cash flow advantage matrix which does not have this requirement. Reviewer Comment (2026-02-05): The matrix provided was not provided to [Redacted] for review of this file. If the loan needs to be re-reviewed to new guidelines and matrices, then [Redacted] will need to email the new guidelines and matrices to management and request a re-underwrite of the loan. Buyer Comment (2026-02-05): Here is the matrix from [Redacted] which would be the one used and it does not have a max LTV for short term rental Reviewer Comment (2026-02-05): The matrix provided for this review is dated [Redacted] which has this requirement for STR refinance Buyer Comment (2026-02-05): current matrix for Cash Flow Advantage does now have a max LTV for short term rental. |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026758 | [Redact] | 35929859 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | The file was missing a copy of the final title policy. | Reviewer Comment (2026-02-03): FTP provided |
02/03/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026758 | [Redact] | 35929860 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2026-02-03): FTP provided Buyer Comment (2026-01-30): see attached |
02/03/2026 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | |||||||||||||||
| [Redact] | 10026758 | [Redact] | 35929861 | Credit | Borrower and Mortgage Eligibility | Mortgage / Program Eligibility | Borrower and Mortgage Eligibility | Guideline Requirement: Loan to value discrepancy. | Calculated loan to value percentage of ___ exceeds Guideline loan to value percentage of ___. | Cash Flow Advantage - [Redacted]- Max[Redacted]% for refinance. | The representative FICO score exceeds the guideline minimum by at least [Redacted] points. The qualifying DSCR on the loan is greater than the guideline minimum. |
DSCR > [Redacted] | [Redact] [Redact],Aggregator |
Reviewer Comment (2026-01-15): Client elects to waive with verified compensation factors Buyer Comment (2026-01-15): see attached Reviewer Comment (2026-01-08): As noted in the original condition, STR allows up to [Redacted]% for refinances (short term rental). Also, the matrix provided for review is version [Redacted] vs screen shot which reflects [Redacted]. Buyer Comment (2026-01-08): per matrix allowed up to 80% on refii rate/term |
01/15/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Rate/Term | C | B | C | B | A | A | N/A | No | ||||||||||
| [Redact] | 10026755 | [Redact] | 35929864 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Provide the RCE | Reviewer Comment (2026-02-05): Agent email provided with RCE coverage on both dwelling and ADU along with RCE on main dwelling. Buyer Comment (2026-02-05): RCE |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026755 | [Redact] | 35929866 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | PPP reflects [Redacted]% for [Redacted] years which does not meet the guideline requirement of minimum [Redacted]% in a fixed or declining structure. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redact] [Redact] [Redact] |
Reviewer Comment (2026-01-28): Client elects to waive with verified compensation factors Buyer Comment (2026-01-27): see attached |
01/28/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||
| [Redact] | 10026755 | [Redact] | 35929867 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Address reflects an extra unit vs. all other documents which do not. | Reviewer Comment (2026-02-05): Agent email noting HOI also covers ADU on property and cannot update the address. Buyer Comment (2026-02-05): email from insurance agent that they cannot change the address on the dec page. Please accept this and waive condition. |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | B | C | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026754 | [Redact] | 35929869 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | Address reflects an extra unit vs. all other documents which do not. | Reviewer Comment (2026-01-21): Agent email provided reflecting address cannot be updated as it included the ADU. Provided the supporting documentation regarding this address. Client email states accepting and requested clearance. |
01/21/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026754 | [Redact] | 35929870 | Credit | Insurance | Insurance Analysis | Insurance | Insufficient Coverage: Hazard insurance coverage amount is insufficient. | Provide the RCE. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redact] [Redact] [Redact] |
Reviewer Comment (2026-01-21): Client provided updated HOI with updated ext replacement cost coverage. Reviewer Comment (2026-01-21): Client elects to waive with verified compensation factors Buyer Comment (2026-01-21): see attached Reviewer Comment (2026-01-21): Re-opened. Per agent email, both structures for dwelling and ADU are covered under this policy. The ADU is using income to qualify. RCE provided for ADU and main dwelling which reflects $[Redacted] for [Redacted] and $[Redacted] for [Redacted]. Total $[Redacted]. Agent email verifies $[Redacted] in ext replacement cost coverage and main dwelling coverage is $[Redacted]. Total $[Redacted]. Coverage is short by $[Redacted]. Reviewer Comment (2026-01-20): Updated HOI with increased dwelling with effective date at closing along with RCE. Buyer Comment (2026-01-18): see attached |
01/21/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10026753 | [Redact] | 35929872 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Document does not have a pull date. Must be within [Redacted] days of closing. | Reviewer Comment (2026-01-21): Dated COGS provided Buyer Comment (2026-01-20): see attached Reviewer Comment (2026-01-14): The COGS provided is for [Redacted] and Borrowing Entity is [Redacted] Buyer Comment (2026-01-14): see attached |
01/21/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026752 | [Redact] | 35929874 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Document does not have a pull date. Must be within [Redacted] days of closing. | Reviewer Comment (2026-01-21): Dated COGS provided Buyer Comment (2026-01-20): see attached Reviewer Comment (2026-01-14): The COGS provided is for [Redacted]. Borrowing Entity is [Redacted]. Buyer Comment (2026-01-14): see attached |
01/21/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026752 | [Redact] | 35929875 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | The Guarantor Agreement on page [Redacted] has the incorrect loan amount. | Reviewer Comment (2026-01-14): Corrected GA provided Buyer Comment (2026-01-14): see attached |
01/14/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026751 | [Redact] | 35929877 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Document does not have a pull date. Must be within [Redacted] days of closing. | Reviewer Comment (2026-02-05): Dated [Redacted] uploaded for the correct LLC Buyer Comment (2026-02-05): attached printout from [Redacted] site shows [Redacted] on the top left and shows status active. Reviewer Comment (2026-02-04): None of the documents provided are for the Borrowing Entity which is [Redacted]. Also, please note the original exception that notes the COGs in file for the Borrowing Entity does not have a pull date and must be within 120 days of closing. Buyer Comment (2026-02-03): [Redacted] GOOD STANDING Buyer Comment (2026-02-03): Good Standing |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106047 | [Redact] | 35929968 | Compliance | Compliance | Federal Compliance | Federal HPML | Federal HPML 2014 Non Compliant | Federal Higher-Priced Mortgage Loan: APR on subject loan of [Redacted]% or Final Disclosure APR of [Redacted]% is equal to or greater than the threshold of APOR [Redacted]% + [Redacted]%, or [Redacted]%. Non-Compliant Higher Priced Mortgage Loan. | Creditor did not provide a copy of each valuation to applicant three [Redacted] business days prior to consummation. | Reviewer Comment (2026-01-12): Appraisal delivery provided Buyer Comment (2026-01-12): Please review and clear. |
01/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | D | B | D | B | C | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10106047 | [Redact] | 35929969 | Compliance | Compliance | Federal Compliance | Federal HPML | (Fed HPML Provision) Federal Higher-Priced Mortgage Loan (Timing of Appraisal to Consumer) | TILA HPML Appraisal Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three [Redacted]business days prior to consummation. | Reviewer Comment (2026-01-12): Appraisal delivery provided Buyer Comment (2026-01-12): Appraisal receipt acknowledgement. |
01/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | D | B | D | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10106047 | [Redact] | 35929972 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-01-07): Sufficient Cure Provided At Closing |
01/07/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | D | B | D | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| [Redact] | 10106047 | [Redact] | 35929973 | Compliance | Compliance | Federal Compliance | TRID | TRID Zero Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Appraisal Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Reviewer Comment (2026-01-07): Sufficient Cure Provided At Closing |
01/07/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | Final CD evidences Cure | D | B | D | B | C | A | A | A | Non QM | Non QM | Yes | ||||||||||
| [Redact] | 10106047 | [Redact] | 35929974 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three [Redacted] business days prior to closing. | Evidence of earlier receipt | Reviewer Comment (2026-01-13): [Redacted] received initial CD. Buyer Comment (2026-01-12): Attached Signed Initial CD |
01/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | No Defined Cure | D | B | D | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10106047 | [Redact] | 35929976 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | Reviewer Comment (2026-01-12): E-Consent provided Buyer Comment (2026-01-12): Attached e-consent agreement |
01/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | D | B | D | B | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10106047 | [Redact] | 35929978 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | A gap credit report provided within 10 days of closing is missing from file. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redact] [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2026-02-12): Client elects to waive with verified compensation factors Buyer Comment (2026-02-11): current gap credit to support exception Buyer Comment (2026-02-11): exception to use gap credit that is older than 10 days Reviewer Comment (2026-01-15): The document was provided after closing; however, required to be obtained at least 10 days prior to the closing date. Exception Remains. Buyer Comment (2026-01-13): Evidence of rents Buyer Comment (2026-01-13): Updated Gap Reviewer Comment (2026-01-13): Condition cannot be cleared. The gap credit report is > [Redacted] days from closing. Gap credit [Redacted]. Loan closed [Redacted] Buyer Comment (2026-01-12): Gap credit attached. Please clear the condition. |
02/12/2026 | 2 | C | B | C | B | C | B | C | B | D | B | [Redact] | Primary | Purchase | D | B | D | B | C | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10106040 | [Redact] | 35929991 | Credit | Title | General | Title | Title Policy Coverage is less than Original Loan Amount. | Reviewer Comment (2026-02-10): FTP provided Buyer Comment (2026-02-08): Attached |
02/10/2026 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| [Redact] | 10106040 | [Redact] | 35929992 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-02-10): FTP provided |
02/10/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| [Redact] | 10106040 | [Redact] | 35929994 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide evidence the first installment of taxes have been paid as they are now delinquent. | Reviewer Comment (2026-02-10): Clear final title policy Buyer Comment (2026-02-08): Final policy shows them paid please review |
02/10/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10106035 | [Redact] | 35930008 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Mortgage Broker Fee. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Insufficient or no cure provided at closing. LE reflects Loan Origination Fee amount of $[Redacted] and CD reflects Mortgage Broker Fee of [Redacted]. Fee name changed | Reviewer Comment (2026-02-12): [Redacted] received corrected PCCD and LOE with corrected fee name. Buyer Comment (2026-02-11): attached |
02/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | B | A | A | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10106035 | [Redact] | 35930010 | Compliance | Compliance | Federal Compliance | Other TILA Violations | TILA NMLSR - Individual Originator License Status Not Approved | Truth in Lending Act (NMLSR Dodd- Frank 2014): Individual Loan Originator not in approved license status to conduct loan origination activities. | Per the NMLS, LO"s license was inactive from [Redacted]-[Redacted]26. The LO must be in active license status from loan application to loan closing. Provide an attestation from the LO to the effects if any business was conducted during the inactive period for review to consider a downgrade to an [Redacted]. | Reviewer Comment (2026-02-13): Client elects to waive Reviewer Comment (2026-02-13): Condition was downgraded to an EV2/B with the attestation. Client can elect to waive as an EV2/B. Buyer Comment (2026-02-12): Attached |
02/13/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | C | B | A | A | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10106030 | [Redact] | 35930014 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | The supplement reflects [Redacted] Mortgage was modified. Provide the modification agreement. Must meet guideline seasoning requirements. | Reviewer Comment (2026-02-10): Per client clarification on guidelines, modification only required if mortgage reported lates. Lates not on credit report. Buyer Comment (2026-02-06): We would only require the modification agreement if lates were reflecting on the credit report. Please clear this condition. |
02/10/2026 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Primary | Refinance - Cash-out - Other | D | A | D | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10106027 | [Redact] | 35930020 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-02-11): FTP provided |
02/11/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| [Redact] | 10106027 | [Redact] | 35930023 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Non-Arms: All liens on title to be paid in full and reflected on the settlement statement. There are [Redacted] liens on title and only [Redacted] paid through closing. | Reviewer Comment (2026-02-12): Final stamped settlement statement and release of lien not on title provided. Buyer Comment (2026-02-11): Please see the Final and stamped ALTA Settlement Statement Buyer Comment (2026-02-11): Please see the attached Certificate of Satisfaction for the DOT [Redacted] for $[Redacted] Buyer Comment (2026-02-11): Release for the other lien on title Buyer Comment (2026-02-11): Final Stamped settlement statement Reviewer Comment (2026-02-11): FTP provided, however the guidelines require the settlement statement to reflect all liens paid. There were 2 and only 1 paid. If there was only 1 lien paid, then provide the release for the additional lien along with the final stamped settlement statement or provide the final stamped settlement statement reflecting both liens paid. Buyer Comment (2026-02-10): Please see the attached Final Title Policy. Pending the certified Settlement Statement. Will upload once I receive it. |
02/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10106042 | [Redact] | 35930039 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Reviewer Comment (2026-02-06): COGS provided Buyer Comment (2026-02-05): Please see the attached Cert of Good Standing Reviewer Comment (2026-01-26): The document provided is not a Cert of Good Standing but an Articles of Organization/Formation. Guidelines do not exempt newly formed entities from the cert of good standing requirement. Buyer Comment (2026-01-23): Please see the attached Certificate of Good Standing |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106033 | [Redact] | 35930042 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-02-11): FTP provided |
02/11/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106033 | [Redact] | 35930043 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Letter of Explanation (LOE) not provided | The borrower is required to provide an adequate explanation with supporting documentation on why they live and plan to remain in their current primary residence. | Reviewer Comment (2026-02-11): Received and associated Letter for current primary residence. Exception cleared. Buyer Comment (2026-02-10): primary residence LOE |
02/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106033 | [Redact] | 35930044 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Provide the deed transferring the property from the [Redacted]to borrower. | Reviewer Comment (2026-02-11): Received and associated updated Deeds / Warranty / Grant / Quit-Claim. Exception cleared. Buyer Comment (2026-02-10): signed deed |
02/11/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106033 | [Redact] | 35930045 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the clear title policy. Blanket mortgage on title. | Reviewer Comment (2026-02-11): FTP provided Buyer Comment (2026-02-10): final title policy |
02/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106031 | [Redact] | 35930048 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-02-05): FTP provided |
02/05/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106031 | [Redact] | 35930049 | Credit | Credit | Miscellaneous | Credit | Missing Document: Credit Letter of Explanation (LOE) not provided | The borrower is required to provide an adequate explanation with supporting documentation on why they live and plan to remain in their current primary residence. | Reviewer Comment (2026-02-11): Received and associated Letter for current primary residence. Exception cleared. Buyer Comment (2026-02-09): Please see attached |
02/11/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106031 | [Redact] | 35930050 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Deeds / Warranty / Grant / Quit-Claim not provided | Provide the deed transferring the property from the [Redacted] to borrower. | Reviewer Comment (2026-02-05): FTP provided in individual name. Deed provided is post-close. Buyer Comment (2026-02-04): Please see the attached Deed |
02/05/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106031 | [Redact] | 35930051 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Provide the clear title policy. Blanket mortgage on title. | Reviewer Comment (2026-02-05): FTP provided Buyer Comment (2026-02-04): Please see the attached Final Title Policy |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106029 | [Redact] | 35930053 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Guarantor Agreement not provided | The Guarantor Agreement was not provided for [Redacted]. The [Redacted] is not executed or notarized. | Reviewer Comment (2026-01-28): Received and associated Guarantor Agreement. Exception Cleared Buyer Comment (2026-01-26): Please see the file of the [Redacted] for both [Redact] and [Redacted] signed and notarized. |
01/28/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106024 | [Redact] | 35930058 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | Borrowing [Redacted] is owned by [Redacted]. [Redacted] only provided for [Redacted]C. Provide the [Redacted] for [Redacted], [Redacted]C, and [Redacted]. | Reviewer Comment (2026-02-16): Per [Redacted], only verification of borrower's % owned in borrowing entity is required. [Redacted] for [Redacted] provided in which Guarantor owns [Redacted]%. This Entity owns [Redacted]% of Borrowing Entity. Reviewer Comment (2026-02-13): This condition is not in regards to layered entity. That condition was already cleared based on [Redacted] response regarding case by case. This condition is in reference to the Entities that own the LLC. Per [Redacted] management email, no other owning Entity documents were required outside of evidence of our Guarantor's ownership % in the Borrowing LLC. The Borrowing Entity [Redacted] is owned by the 4 Entities listed in the original condition. It is not known what % our borrower owns of the Borrowing LLC without the [Redacted] for the other owning Entites identifiying his ownership. Buyer Comment (2026-02-11): This is not needed! Layered vesting is allowed on a case by case basis. Our underwriter confirmed the ownership was acceptable. Reviewer Comment (2026-02-10): The condition cannot be cleared as the borrowing entity is owned by 4 other LLC's in which we do not know the Guarantor's ownership %. Per client email, evidence of ownership % is only required on the owning LLC's. Condition updated to require only the [Redacted]. Buyer Comment (2026-02-08): These items are only required from the vesting entity Please clear |
02/16/2026 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106024 | [Redact] | 35930059 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Corporate Resolution not provided | Provide the Unanimous Consent for [Redacted]. | Reviewer Comment (2026-02-16): Per [Redacted], only verification of borrower's % owned in borrowing entity is required. [Redacted] for [Redacted] provided in which Guarantor owns [Redacted]%. This Entity owns [Redacted]% of Borrowing Entity. [Redacted] for Borrowing Entity gives binding authority. Reviewer Comment (2026-02-13): This condition is not in regards to layered entity. That condition was already cleared based on [Redacted] response regarding case by case. This condition is in reference to the Entities that own the LLC. Per [Redacted] management email, no other owning Entity documents were required outside of evidence of our Guarantor's ownership % in the Borrowing LLC. The Borrowing Entity [Redacted] is owned by the 4 Entities listed in the original condition. It is not known what % our borrower owns of the Borrowing LLC without the [Redacted] for the other owning Entites identifiying his ownership. Buyer Comment (2026-02-11): Our borrower is a managing member. No unanimous requirement is required. Reviewer Comment (2026-02-10): Condition cannot be cleared as [Redacted] was not provided for Borrowing Entity either. Updated condition to only require for Borrowing Entity. Buyer Comment (2026-02-08): Only required for the vesting entity. Please clear |
02/16/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106024 | [Redact] | 35930060 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Layered vesting will be reviewed on a case-by-case basis. Borrowing [Redacted] is owned by multiple [Redacted]. | Reviewer Comment (2026-02-10): Per client, case by case in guidelines is not an exception. [Redacted] stated they will determine. Requested clearance. Buyer Comment (2026-02-08): Case by case does not mean exception. the underwriter was able to trace ownership through the entities. Please clear. |
02/10/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106022 | [Redact] | 35930062 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | The Final Settlement Statement is not stamped certified. | Reviewer Comment (2026-02-12): Final stamped settlement statement provided Buyer Comment (2026-02-11): This one is stamped certified right below the disbursement date on the right side Reviewer Comment (2026-02-10): The same document was provided that was in file at time of review. Per the original condition, the Final Settlement Statement is not stamped certified. Buyer Comment (2026-02-09): see attached |
02/12/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Purchase | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106018 | [Redact] | 35930065 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Document does not have a pull date. Must be within [Redacted] days of closing. | Reviewer Comment (2026-02-10): Received and associated Certificate of Good Standing. Exception Cleared. Buyer Comment (2026-02-06): Attached |
02/10/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106014 | [Redact] | 35930067 | Credit | Property - Appraisal | General Appraisal Requirements | Property - Appraisal | Subject is a refinance and property is listed for sale. | - | Provide evidence the subject property was withdrawn from the MLS. Last change was [Redacted] but doesn't say what. | Reviewer Comment (2026-02-05): Evidence listing removed on [Redacted] provided Buyer Comment (2026-02-04): see attached |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Rate/Term | C | A | C | A | A | A | N/A | No | |||||||||||||
| [Redact] | 10106013 | [Redact] | 35930069 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | The subject property housing mortgage statements with [Redacted] reflect a deferred balance. Provide the deferral/modification agreement. Must meet guidelines. | Reviewer Comment (2026-02-10): Per client confirmation on guidelines, mod agreement is only required if lates occurred. Mortgage statements do not reflect any [Redacted] day lates. Late charges are for paying past the first per each statement. Buyer Comment (2026-02-08): this is only required if delinquencies are notice. Guideline: A copy of the modification documents will be required if the mortgage history for said tradeline is either incomplete or has a derogatory history. Examples of modifications include (but are not limited to) |
02/10/2026 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||||
| [Redact] | 10106013 | [Redact] | 35930070 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The DOT reflects a PUD rider attached, however the appraisal does not reflect PUD or any HOA dues. Note: Title also reflects verbiage pertaining to an HOA. | Borrower has owned the subject property for at least [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
[Redact] [Redact] |
Reviewer Comment (2026-02-10): Client elects to waive with verified compensation factors Buyer Comment (2026-02-09): Please clear Reviewer Comment (2026-02-05): If the property is in a PUD, then the appraisal will need to be updated to reflect PUD and HOA dues. Buyer Comment (2026-02-05): see attached Buyer Comment (2026-02-05): see attached and provide resolution. |
02/10/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Investment | Refinance - Cash-out - Other | D | B | D | B | A | A | N/A | No | ||||||||||||
| [Redact] | 10194343 | [Redact] | [Redact] | 35947006 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-20): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-19): (Rate Lock) [Redacted] |
03/20/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | A | A | A | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10198642 | [Redact] | [Redact] | 35968159 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-03-31): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-03-30): (Rate Lock) [Redacted] |
03/31/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10198642 | [Redact] | [Redact] | 36140418 | Compliance | Compliance | Federal Compliance | GSE | FNMA Points and Fees | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted]2 on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted]([Redacted]) (an overage of $[Redacted] or [Redacted]%). | FNMA Points and Fees on subject loan of [Redacted]% is in excess of the allowable maximum of the greater of [Redacted]% of the Original Loan Amount and $[Redacted] ([Redacted]). FNMA Finance Charge total $[Redacted] on a Original Loan Amount of $[Redacted] vs. an allowable total of $[Redacted] and $[Redacted]([Redacted]) (an overage of $[Redacted] or [Redacted]%). | Reviewer Comment (2026-03-25): Client elected to waive the condition on the Non-QM 1st lien |
03/25/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Investment | Purchase | LOE, copy of check and proof of mailing/delivery. Note: Testing is optional based on deal settings. | B | B | A | A | B | B | A | A | Exempt from ATR | Exempt from ATR | Yes | ||||||||
| [Redact] | 10200239 | [Redact] | [Redact] | 35975727 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-04-03): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-04-03): (Rate Lock) [Redacted] |
04/03/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | A | A | A | A | A | A | A | A | Exempt from ATR | Exempt from ATR | No | |||||||||||
| [Redact] | 10202608 | [Redact] | [Redact] | 36004354 | Credit | Collateral | Missing/Incorrect | Collateral | Mortgage note not yet reviewed or approved by custodian. If applicable, please provide tracking number for delivery of collateral file. | Buyer Comment (2026-04-09): Waived on Rate Lock: Collateral cleared by Custodian Seller Comment (2026-04-08): collateral delivered [Redacted] via [Redacted] tracking [Redacted] |
04/09/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Investment | Purchase | A | A | A | A | A | A | A | A | N/A | No | ||||||||||||
| [Redact] | 10084740 | [Redact] | 36039025 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Business Purpose Certificate not provided | Reviewer Comment (2025-12-30): Received the BPC. Buyer Comment (2025-12-29): business purpose cert |
12/30/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10084805 | [Redact] | 36039040 | Compliance | Compliance | Federal Compliance | Missing Non-Required Data | (Missing Data) Last Rate Set Date | Last Date Rate Set and Initial Rate Lock Date not provided. Worst Case Scenario between Creditor Application Date and Transaction Date used to determine rate used for testing. | Reviewer Comment (2026-01-21): LE can be used. Cleared Reviewer Comment (2026-01-21): Loan estimate is not valid source of document for initial rate lock; provide initial rate lock agreement; Exception remains. Buyer Comment (2026-01-20): loan estimate showing lock |
01/21/2026 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10084805 | [Redact] | 36039042 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of [Redact] exceeds tolerance of [Redact]. [Redact] over legal limit. Insufficient or no cure was provided to the borrower. | Loan Discount Points were increased to [Redact] on CD dated [Redact], with no valid change provided. | Reviewer Comment (2026-01-26): A valid changed circumstance received. Buyer Comment (2026-01-23): [Redact] COC for the rate lock Reviewer Comment (2026-01-22): [Redact] Received revised LE dated [Redact] showing rate lock; however, COC or lock document does not present in file. Provide Valid COC or rate lock document. Buyer Comment (2026-01-21): Loan Estimate shows the increase in fees on [Redact] when loan was locked. |
01/26/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10139401 | [Redact] | 36140565 | Compliance | Compliance | Federal Compliance | Compliance | Disclosed Note P&I payment does not equal calculated P&I payment | Disclosed Note P&I payment does not equal calculated P&I payment. Note P&I of $[Redacted] does not match calculated P&I of $[Redacted]. Note P&I was used for the APR calculation and compliance testing. | Reviewer Comment (2025-12-22): [Redacted] received documentation of interest schedule. Reviewer Comment (2025-11-10): $[Redacted] x [Redacted]% = $[Redacted]/[Redacted] = [Redacted]. Interest only payments on note do not seem to match interest only payments on the CD. Buyer Comment (2025-11-07): Please be advised this is an interest only loan and the P&I payment on the CD matches the terms of the Note as well as the amortization schedule. |
12/22/2025 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | C | A | A | A | C | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10139401 | [Redact] | 36140567 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Principal and Interest | TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [Redacted] disclosed a Principal and Interest Payment that does not match the actual payment for the loan. | Final Closing Disclosure provided on [Redacted] disclosed a Principal and Interest Payment that does not match the actual payment for the loan | Reviewer Comment (2025-12-22): [Redacted] received documentation of interest schedule. Buyer Comment (2025-12-22): The CD we disclosed is accurate, the note and CD are reflecting the payment based on the above calculation, which is allowed by regulation. $[Redacted] Loan Amount *[Redacted]% Interest Rate/[Redacted]*[Redacted] = $[Redacted] Reviewer Comment (2025-11-10): $[Redacted] x [Redacted]% = $[Redacted]/[Redacted] = [Redacted]. Interest only payments on note do not seem to match interest only payments on the CD. Buyer Comment (2025-11-07): Please be advised this is an interest only loan and the P&I payment on the CD matches the terms of the Note as well as the amortization schedule. |
12/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission if Applicable | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10139401 | [Redact] | 36140568 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Projected P&I Payment Min Payment Fixed Rate Initial Payment | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed a periodic principal and interest payment for payment stream [Redacted] that does not match the actual payment for the loan. | Final Closing Disclosure provided on [Redacted] disclosed a periodic principal and interest payment for payment stream [Redacted] that does not match the actual payment for the loan | Reviewer Comment (2025-12-22): [Redacted] received documentation of interest schedule. Buyer Comment (2025-12-22): The CD we disclosed is accurate, the note and CD are reflecting the payment based on the above calculation, which is allowed by regulation. $[Redacted] Loan Amount *[Redacted]% Interest Rate/[Redacted]*[Redacted] = $[Redacted] Reviewer Comment (2025-11-10): $[Redacted] x [Redacted]% = $[Redacted]/[Redacted] = [Redacted]. Interest only payments on note do not seem to match interest only payments on the CD. Buyer Comment (2025-11-07): Please be advised this is an interest only loan and the P&I payment on the CD matches the terms of the Note as well as the amortization schedule. |
12/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10139401 | [Redact] | 36140570 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Amount Financed Test | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an Amount Financed disclosed an inaccurate Amount Financed. The disclosed Amount Financed in the amount of $[Redacted] is over disclosed by $[Redacted] compared to the calculated Amount Financed of $[Redacted] and the disclosed Finance Charge is not accurate within applicable tolerances for Amount Financed to be considered accurate (fee amounts included in Amount Financed and Finance Charge calculations are based on Closing Disclosure dated [Redacted]). | Final Closing Disclosure disclosed an amount financed of $[Redacted]; calculated amount financed is $[Redacted]. Variance is $[Redacted]. | Reviewer Comment (2025-12-22): [Redacted] received documentation of interest schedule. Buyer Comment (2025-12-22): The CD we disclosed is accurate, the note and CD are reflecting the payment based on the above calculation, which is allowed by regulation. $[Redacted] Loan Amount *[Redacted]% Interest Rate/[Redacted]*[Redacted] = $[Redacted] Reviewer Comment (2025-11-10): $[Redacted] x [Redacted]% = $[Redacted]/[Redacted] = [Redacted]. Interest only payments on note do not seem to match interest only payments on the CD. Buyer Comment (2025-11-07): Please refer to the itemization of credits dated [Redacted] confirming the total seller paid credits of $[Redacted] to exclude any seller paid fees from the finance charge. |
12/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10139401 | [Redact] | 36140571 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Finance Charge | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Finance Charge on page [Redacted] that does not match the actual Finance Charge for the loan. The disclosed Finance Charge in the amount of $[Redacted] is under disclosed by $[Redacted] compared to the calculated Finance Charge of $[Redacted] which exceeds the $[Redacted] threshold (fee amounts included in Finance Charge calculation are based on Closing Disclosure dated [Redacted]). | Final Closing Disclosure disclosed an financed Charge of $[Redacted]; calculated financed Charge is $[Redacted]. Variance is $[Redacted]. | Reviewer Comment (2025-12-22): [Redacted] received documentation of interest schedule. Buyer Comment (2025-12-22): The CD we disclosed is accurate, the note and CD are reflecting the payment based on the above calculation, which is allowed by regulation. $[Redacted] Loan Amount *[Redacted]% Interest Rate/[Redacted]*[Redacted] = $[Redacted] Reviewer Comment (2025-11-10): $[Redacted] x [Redacted]% = $[Redacted]/[Redacted] = [Redacted]. Interest only payments on note do not seem to match interest only payments on the CD. Buyer Comment (2025-11-07): Please refer to the itemization of credits dated [Redacted] confirming the total seller paid credits of $[Redacted] to exclude any seller paid fees from the finance charge. |
12/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10139401 | [Redact] | 36140572 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Total Of Payments | TILA-RESPA Integrated Disclosure - Loan Calculations: Final Closing Disclosure provided on [Redacted] disclosed an inaccurate Total of Payments on page [Redacted] that does not match the actual total of payments for the loan (fee amounts included in TOP calculation are based on Closing Disclosure dated [Redacted]). The disclosed Total of Payments in the amount of $[Redacted] is under disclosed by $[Redacted] compared to the calculated total of payments of $[Redacted] which exceeds the $[Redacted] threshold. | Final Closing Disclosure disclosed a Total of Payments of $[Redacted]; calculated Total of Payments is $[Redacted]. Variance is $[Redacted]54. | Reviewer Comment (2025-12-22): [Redacted] received documentation of interest schedule. Buyer Comment (2025-12-22): The CD we disclosed is accurate, the note and CD are reflecting the payment based on the above calculation, which is allowed by regulation. $[Redacted] Loan Amount *[Redacted]% Interest Rate/[Redacted]*[Redacted] = $[Redacted] Reviewer Comment (2025-11-10): $[Redacted] x [Redacted]% = $[Redacted]/[Redacted] = [Redacted]. Interest only payments on note do not seem to match interest only payments on the CD. Buyer Comment (2025-11-07): Please refer to the itemization of credits dated [Redacted] confirming the total seller paid credits of $[Redacted] to exclude any seller paid fees from the finance charge. |
12/22/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Refund check for underdisclosed equivalent amount, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10139401 | [Redact] | 36140573 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure AP Table First Change Test | TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on [Redacted] disclosed a First Change minimum, maximum, and payment period that does not match the actual terms for the loan. | First change payment amount using [Redacted] is $[Redacted] rather than the $[Redacted] noted. Please verify calculations. | Reviewer Comment (2026-01-26): Per [Redacted] guidance, no explicit prohibition to disclose using different basis for different periods of loan |
01/26/2026 | 1 | A | A | A | A | A | [Redact] | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [Redact] | 10139401 | [Redact] | 36140574 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure AP Table Maximum Payment | TILA-RESPA Integrated Disclosure - Adjustable Payment Table: Final Closing Disclosure provided on [Redacted] disclosed a Maximum Payment amount and period that does not match the actual terms for the loan. | First change payment amount using [Redacted] is $[Redacted] rather than the $[Redacted] noted. Please verify calculations. | Reviewer Comment (2026-01-26): Per [Redacted] guidance, no explicit prohibition to disclose using different basis for different periods of loan |
01/26/2026 | 1 | A | A | A | A | A | [Redact] | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [Redact] | 10139401 | [Redact] | 36140575 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Payment Max Amount | TILA-RESPA Integrated Disclosure - Loan Terms: Final Closing Disclosure provided on [Redacted] with an increasing payment disclosed the maximum possible amount of principal and interest that does not match the actual maximum amount for the loan. | First change payment amount using [Redacted] is $[Redacted] rather than the $[Redacted] noted. Please verify calculations. | Reviewer Comment (2026-01-26): Per [Redacted] guidance, no explicit prohibition to disclose using different basis for different periods of loan |
01/26/2026 | 1 | A | A | A | A | A | [Redact] | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [Redact] | 10139401 | [Redact] | 36140576 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Projected P&I Min Payment Fixed Rate Subsequent Payments | TILA-RESPA Integrated Disclosure - Projected Payments: Final Closing Disclosure provided on [Redacted] disclosed a periodic principal and interest payment for payment stream [Redacted] that does not match the actual payment for the loan. | First change payment amount using [Redacted] is $[Redacted] rather than the $[Redacted] noted. Please verify calculations. | Reviewer Comment (2026-01-26): Per [Redacted] guidance, no explicit prohibition to disclose using different basis for different periods of loan |
01/26/2026 | 1 | A | A | A | A | A | [Redact] | Primary | Purchase | TILA Material Disclosure Cure - Provide the following: Letter of Explanation, Proof of Delivery, Corrected CD, and Re-open Rescission (required on rescindable transactions) | C | A | A | A | C | A | A | A | Non QM | Non QM | Yes | ||||||||||||||
| [Redact] | 10106015 | [Redact] | 36191374 | Credit | Legal / Regulatory / Compliance | Title / Lien Defect | Title | Title Policy is Preliminary or Commitment, and not a Final Title Policy. | Reviewer Comment (2026-02-24): FTP provided |
02/24/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||||
| [Redact] | 10106015 | [Redact] | 36191376 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The title reflects a PUD endorsement on page [Redacted], however the appraisal does not reflect PUD or any HOA dues. The DOT also does not include a PUD rider. | Reviewer Comment (2026-02-24): FTP provided removing PUD endorsement. Buyer Comment (2026-02-24): Attached |
02/24/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10106015 | [Redact] | 36191377 | Credit | Insurance | Insurance Analysis | Insurance | Insurance address does not match Note address. | HOI: Note + addendums, DOT + riders, 1003 and Final CD reflect a unit of #[Redacted] in the main address vs. all other documents which do not. | Reviewer Comment (2026-02-12): Agent email provided on no filed claims. Buyer Comment (2026-02-11): see attached Reviewer Comment (2026-02-10): Effective date of change is [Redacted] which is post close. Provide the agent email that no claims have been filed prior to the change. Buyer Comment (2026-02-09): see attached |
02/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10106015 | [Redact] | 36191378 | Credit | System | General | System | Flood Certificate Subject Address does not match Note address. | Flood Cert: Note + addendums, DOT + riders, 1003 and Final CD reflect a unit of #[Redacted] in the main address vs. all other documents which do not. | Reviewer Comment (2026-02-10): Updated flood cert provided Buyer Comment (2026-02-09): Attached |
02/10/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10106015 | [Redact] | 36191379 | Credit | System | General | Appraisal Reconciliation | Valuation address does not match Note address. | - | Appraisal & CDA: Note + addendums, DOT + riders, 1003 and Final CD reflect a unit of #[Redacted] in the main address vs. all other documents which do not. | Reviewer Comment (2026-02-12): Corrected CDA provided Buyer Comment (2026-02-11): Attached Reviewer Comment (2026-02-10): Received corrected appraisal. Pending receipt of corrected CDA. Buyer Comment (2026-02-09): Appraisal attached |
02/12/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10106015 | [Redact] | 36191380 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Title Policy: Note + addendums, DOT + riders, 1003 and Final CD reflect a unit of #[Redacted] in the main address vs. all other documents which do not. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The representative FICO score exceeds the guideline minimum by at least [Redacted] points. |
[Redact] [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2026-02-24): The client elects to waive. Reviewer Comment (2026-02-24): FTP was provided, however still notes the same address missing #[Redacted]. Reviewer Comment (2026-02-13): The title policy address needs to be updated per the condition to contain #[Redacted] since the other conditions on the file were updated to contain this to match the Note. Buyer Comment (2026-02-12): What more docs need to be updated? |
02/24/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | C | B | C | B | A | A | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10106048 | [Redact] | 36191384 | Compliance | Compliance | Federal Compliance | TRID | TRID Ten Percent Tolerance Violation With Sufficient Cure Provided At Closing | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. Sufficient or excess cure was provided to the borrower at Closing. | Sufficient Cure Provided At Closing | Reviewer Comment (2026-01-20): Sufficient Cure Provided At Closing |
01/20/2026 | 1 | A | A | A | A | A | A | A | A | A | A | [Redact] | Primary | Refinance - Cash-out - Other | Final CD evidences Cure | D | B | C | B | D | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10106048 | [Redact] | 36191385 | Compliance | Compliance | Federal Compliance | TILA Right-to-Cancel Missing, Incorrect, Incomplete and/or provided on the wrong form | Notice of Right to Cancel Missing | Truth in Lending Act: Notice of Right to Cancel was not provided. | Reviewer Comment (2026-03-17): Letter of Explanation, Proof of Delivery, and Re-open Rescission provided Reviewer Comment (2026-03-13): Mailing label tracking reflects delivered [Redacted]. Condition cannot be cured until expiration of new rescission period on [Redacted]. Reviewer Comment (2026-03-11): Dated RTC's, LOE and mailing label provided. However, label reflects in transit. Must reflect delivered to determine if a new [Redacted] day rescission period was granted. Further, condition cannot be cured until after the new rescission period ends. Buyer Comment (2026-03-11): Please see the attached RTC Reviewer Comment (2026-03-04): The RTC forms is signed but is blank. There is no transaction date or expiration dates on the form. Rescission needs to be re-opened. This cannot be added by the lender/borrower after the fact. Buyer Comment (2026-03-04): Please see attached Right to Cancel Reviewer Comment (2026-02-04): The condition cannot be cleared. The [Redacted] Home Equity Notice of Right to Rescind is not the Right to Cancel form. Provide the Right to Cancel forms. Buyer Comment (2026-02-04): Please see the attached Right to Rescind. Due to special requirements on [Redacted] loans, the attached file is correct and should be cleared. |
03/17/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Refinance - Cash-out - Other | TILA ROR - Provide the following: Letter of Explanation, Proof of Delivery, and Re-open Rescission using the correct model form | D | B | C | B | D | B | A | A | Non QM | Non QM | Yes | ||||||||||
| [Redact] | 10106048 | [Redact] | 36191386 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The DOT reflects the Other Rider box on page [Redacted] checked, however does not specify what is to be included nor are there any riders in file. Provide the corrected and executed DOT, executed rider (if applicable), LOE to borrower, evidence of delivery to the borrower and lender's letter of intent to re-record. | Reviewer Comment (2026-03-13): LOE and evidence of delivery provided Buyer Comment (2026-03-12): attached Reviewer Comment (2026-03-12): The same document was provided that was provided on [Redacted]. Please review comments on [Redacted]. Pending receipt of LOE to borrower and evidence of delivery to the borrower. LOE provided is for the RTC issue vs. DOT issue. Buyer Comment (2026-03-11): Attached Reviewer Comment (2026-03-11): The same document was provided that was provided on [Redacted]. Please review comments on [Redacted]. Pending receipt of LOE to borrower and evidence of delivery to the borrower. LOE provided is for the RTC issue vs. DOT issue. Buyer Comment (2026-03-11): Please see the attached and recoded DOT Reviewer Comment (2026-03-04): The LOE to borrower is for the RTC issue vs. DOT issue. Also, evidence of delivery was not provided either. Reviewer Comment (2026-03-04): Received corrected and re-record DOT removing the rider box. Provide LOE to borrower and evidence of delivery to borrower to clear. Buyer Comment (2026-03-04): Attached |
03/13/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Cash-out - Other | D | B | C | B | D | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10106048 | [Redact] | 36191387 | Compliance | Compliance | State Compliance | State Defect | ([Redact]50(a)(6)) [Redact] Cash-out Loan (Acknowledgment of Fair Market Value Disclosure Not Signed by the Lender) | [Redact] Constitution Section [Redacted]: Acknowledgment of the Fair Market Value not properly executed by the Lender. | Disclosure is not signed and dated by lender | Reviewer Comment (2026-02-06): Signed and dated disclosure provided Buyer Comment (2026-02-06): Disclosure document Buyer Comment (2026-02-06): Requested document. |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Primary | Refinance - Cash-out - Other | To Remediate: the lender or holder may either: (1) Deliver to the borrower the required disclosure documents, (AFMV signed by the lender), and obtain an executed copy; OR (2) refund or credit the borrower $1,000 and offer the borrower the right to refinance the extension of credit for the remaining term of the loan at no cost to the borrower on the same terms, including interest, as the original extension of credit with any modifications necessary to comply with this section or on terms on which the borrower and the lender or holder otherwise agree. Letter of explanation and proof of delivery of cure documents required, and, if cured with refund or credit, copy of refund check or evidence of principal reduction also required. | D | B | C | B | D | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10106048 | [Redact] | 36191388 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Ten Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Ten Percent Fee Tolerance exceeded. Total amount of $[Redacted] exceeds tolerance of $[Redacted] plus [Redacted]% or $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Sufficient cure provided on Final CD, however this condition will be addressed once all other violations have been addressed. | Reviewer Comment (2026-02-08): Sufficient cure provided. Full cure amount for tolerance violation was provided at or before closing (on final CD) resulting in a cleared exception. Buyer Comment (2026-02-08): Please review the cure provided at closing. this condition should be cleared. |
02/08/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | C | B | D | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10106048 | [Redact] | 36191389 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | COC in file only states discount points increased. Does not indicate why discount points increased. A valid reasoning must be provided. | Reviewer Comment (2026-02-08): [Redacted] received a valid COC. Buyer Comment (2026-02-06): Please review new COC and rate locks and clear |
02/08/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Cash-out - Other | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | C | B | D | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10106048 | [Redact] | 36191390 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | Loan Extension in file extending maturity date for [Redacted] months from [Redacted] on existing lien. New maturity would be [Redacted]. Loan closed [Redacted]. No additional extensions in file. Further, per guidelines, cash out not allowed on matured loans. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. |
[Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2026-02-13): Client elects to waive with verified compensation factors Buyer Comment (2026-02-12): Loan mod to show maturity date Buyer Comment (2026-02-12): UW exception to clear condition along with the Loan Mod |
02/13/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Refinance - Cash-out - Other | D | B | C | B | D | B | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10106037 | [Redact] | 36191395 | Credit | Credit | Miscellaneous | Guideline | Credit Exception: | The Note was executed by [Redacted]as Individually and Trustee, however no credit documents were provided for [Redacted]. | Reviewer Comment (2026-03-06): LOE, evidence of delivery and lender attesation provided Reviewer Comment (2026-03-05): Received the corrected and executed Note. Still pending receipt of all other items noted on [Redacted] which included LOE to borrower and evidence of delivery to the borrower along with a lender attestation that the incorrect Note will be destroyed. Buyer Comment (2026-03-04): Attached Reviewer Comment (2026-02-06): To clear, we would need all pages of the newly executed Note removing [Redacted] as Individually and Trustee if that was not the intent, LOE to borrower and evidence of delivery to the borrower along with a lender attestation that the incorrect Note will be destroyed. Buyer Comment (2026-02-05): Waiting on the original but can you make the attached work? Reviewer Comment (2026-02-04): When a Trustee signed the Note as Individually and Trustee, they are obligating themselves to the loan. No credit documents were provided for this individual. Buyer Comment (2026-02-04): No income documents were required for [Redacted] -she was only required to sign necessary documents since vested under the Trust name |
03/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Refinance - Rate/Term | C | A | C | A | A | A | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10106045 | [Redact] | 36191401 | Credit | Missing Document | General | Missing Document | Missing Document: HUD/CD not provided | Reviewer Comment (2026-02-23): Final signed settlement statement provided Buyer Comment (2026-02-23): Attached |
02/23/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | |||||||||||||||
| [Redact] | 10106045 | [Redact] | 36191402 | Credit | Loan Package Documentation | Application / Processing | Loan Package Documentation | Missing Document: Certificate of Good Standing not provided | Cert of good standing > [Redacted] days old in file. | Reviewer Comment (2026-02-25): Received and associated Business Entity Listing. Exception cleared. Buyer Comment (2026-02-23): Attached |
02/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Cash-out - Other | C | A | C | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026745 | [Redact] | 36191532 | Credit | Loan Package Documentation | Closing / Title | Missing, Incorrect, or Incomplete HUD-1 | Missing Final HUD-1 | Estimate settlement statement only in file. | Reviewer Comment (2026-02-11): Final settlement statement provided Buyer Comment (2026-02-10): Sorry uploaded in the other condition. |
02/11/2026 | 1 | D | A | D | A | D | A | D | A | D | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026745 | [Redact] | 36191533 | Credit | Hazard Insurance | Document Error | Hazard Insurance | Hazard Insurance policy does not list Lender or Servicer and its successors and assigns, per guideline requirements. | ISAOA is missing | Reviewer Comment (2026-02-20): Agent email provided verifying no claims filed Buyer Comment (2026-02-20): Attached Reviewer Comment (2026-02-19): The policy provided is dated 2 months post close. Provide agent email verifying if any claims have been filed to clear. Buyer Comment (2026-02-19): see attached Reviewer Comment (2026-02-11): The same policy was provided that was in file at time of review. Per the original condition, ISAOA is missing from the mortgagee clause. Buyer Comment (2026-02-10): Attached Buyer Comment (2026-02-10): G1 is a subsidiary of [Redact].. please see attached |
02/20/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Refinance - Limited Cash-out GSE | D | A | D | A | A | A | N/A | No | ||||||||||||||
| [Redact] | 10026805 | [Redact] | 36191537 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Initial Closing Disclosure Timing without Waiver Test | TILA-RESPA Integrated Disclosure: Closing Disclosure not provided to Borrower(s) at least three [Redacted] business days prior to closing. | Initial Closing Disclosure not provided. | Reviewer Comment (2026-02-05): [Redacted] received [Redacted] CD received [Redacted] business days prior to consummation. Buyer Comment (2026-02-04): see attached |
02/05/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | No Defined Cure | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10026805 | [Redact] | 36191539 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Zero Percent Tolerance Violation Without Sufficient Cure Provided | TILA-RESPA Integrated Disclosure: Zero Percent Fee Tolerance exceeded for Loan Discount Points. Fee Amount of $[Redacted] exceeds tolerance of $[Redacted]. $[Redacted] over legal limit. Insufficient or no cure was provided to the borrower. | Insufficient or no cure provided at closing. Valid COC not provided for change in fee. | Reviewer Comment (2026-02-18): [Redacted] received valid changed circumstance. Buyer Comment (2026-02-17): COC, please review Reviewer Comment (2026-02-09): [Redacted] received LE dated [Redacted] but corresponding COC is not provided for increase in discount points. LE provided is with locked rate but no rate lock document or COC document present in file to verify the rate lock date. Please provide COC/rate lock to re-baseline the fee. Buyer Comment (2026-02-06): The LE was sent on the [Redacted]. We used the [Redacted] day mail rule so signature not required. Reviewer Comment (2026-02-05): [Redacted] Received CD dated [Redacted]; however, file is missing COC for CD dated [Redacted]. Discount point fee increased on CD dated [Redacted] without valid COC. A valid Changed Circumstance or cure is required. Cure consists of Corrected CD, LOE to borrower, proof of mailing and copy of refund check. Buyer Comment (2026-02-04): Loan redisclosed on [Redacted] and final CD shows fee corrected |
02/18/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | Fee Tolerance Refund Provide the Following: Letter of Explanation, Proof of Delivery, Copy of Refund Check, and Corrected CD | D | B | D | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10026805 | [Redact] | 36191540 | Credit | Disclosure | Missing Document | Disclosure | E-sign Consent Agreement is missing. | - | E-sign Consent Agreement is missing. | Reviewer Comment (2026-03-06): E-Consent provided Buyer Comment (2026-03-05): Attached |
03/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | D | B | D | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10026805 | [Redact] | 36191541 | Credit | Credit | Credit Documentation | Guideline | Missing Document: Verification of Rent (VOR) / Verification of Mortgage (VOM) not provided | Lender exception in file for less than [Redacted] months Housing History provided. | Borrower has been employed in the same industry for more than [Redacted] years. Borrower has verified disposable income of at least $[Redacted]. Borrower has worked in the same position for more than [Redacted] years. Borrower's monthly reserves have been verified and exceed the amount required based on the guidelines by at least [Redacted] months. Borrowers made a down payment from their own funds on this purchase transaction of at least [Redacted]% and $[Redacted]. The Combined Loan to Value (CLTV) on the loan is less than the guideline maximum by at least [Redacted]%. The Loan to Value (LTV) on the loan is less than the guideline maximum by at least [Redacted]%. The qualifying DTI on the loan is at least [Redacted]% less than the guideline maximum. |
[Redact] [Redact] [Redact] [Redact] [Redact] [Redact] [Redact] [Redact] |
Reviewer Comment (2026-01-26): Client elects to waive with verified compensation factors |
01/26/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||
| [Redact] | 10026805 | [Redact] | 36191542 | Credit | Loan Package Documentation | Application / Processing | Missing Document | Missing Document: Other not provided | A gap credit report is required within [Redacted] days of closing. | Reviewer Comment (2026-02-10): Received and associated Credit Report - Gap. Exception cleared. Buyer Comment (2026-02-06): Attached Reviewer Comment (2026-02-06): Received post-closing credit report. Please provide Gap Credit Report within [Redacted] days of closing. Exception remains. Buyer Comment (2026-02-04): see attached |
02/10/2026 | 1 | C | A | C | A | C | A | C | A | D | A | [Redact] | Primary | Purchase | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10026805 | [Redact] | 36191543 | Credit | Missing Document | General | Missing Document | Missing Document: Evidence of Access to Funds not provided | Business Assets: A letter from a CPA must be obtained verifying that the withdrawal of funds for the transaction will not have a negative impact on the business. If a CPA letter is not provided, a cash flow analysis of the business assets and liabilities (balance sheet) must be completed by the client to determine if the withdrawal of funds from the business is acceptable. | Reviewer Comment (2026-02-06): Received and associated Evidence of Access to Funds. Exception cleared. Buyer Comment (2026-02-04): see attached |
02/06/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | D | B | D | B | C | B | A | A | Non QM | Non QM | No | |||||||||||
| [Redact] | 10026805 | [Redact] | 36191544 | Compliance | Compliance | Federal Compliance | TRID Defect | TRID Final Closing Disclosure Non Escrow Costs Year 1 Underdisclosed - October 2018 | TILA-RESPA Integrated Disclosure - Loan Disclosures: Non Escrowed Property Costs over Year [Redacted] of [Redacted] on Final Closing Disclosure provided on [Redacted] are underdisclosed. | Borrower has [Redacted] HOI policies and only [Redacted] was escrowed. Non-Escrowed property costs not completed on Final CD. | Reviewer Comment (2026-03-06): [Redacted] received PCCD and LOE. Reviewer Comment (2026-03-04): [Redacted] received PCCD and LOE but as per file there are 2 insurances in file one with an annual premium of $[Redacted] and other is with an annual premium of $[Redacted]. Per escrow disclosures and final CD only $[Redacted] is escrowed. The other premium should be updated under non-escrowed cost. Provie the corrected PCCD along with the LOE to borrower to cure this exception. Buyer Comment (2026-03-03): Attached |
03/06/2026 | 2 | C | B | C | B | C | B | C | B | C | B | [Redact] | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | D | B | D | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10026805 | [Redact] | 36191545 | Compliance | Compliance | Miscellaneous Compliance | Missing Non-Required Data | Paid To party cannot be determined on the Closing Disclosure. For compliance testing purposes, Paid To of Lender will be considered in lieu of UTD. | - ___ | Fee reflects TBD | Buyer Comment (2026-02-04): [Redacted] elects to waive |
02/04/2026 | 2 | B | B | B | B | B | B | B | B | B | B | [Redact] | Primary | Purchase | Letter of Explanation & Corrected Closing Disclosure | D | B | D | B | C | B | A | A | Non QM | Non QM | Yes | |||||||||
| [Redact] | 10026805 | [Redact] | 36191546 | Credit | Income / Employment | Income Documentation | Missing Document | REO Documents are missing. | - | Provide evidence the property is free and clear and borrower has vested ownership. An LOE is not acceptable. | Reviewer Comment (2026-02-25): Deed provided with ownership transfer so borrower is not a FTHB. Buyer Comment (2026-02-24): see attached Reviewer Comment (2026-02-20): Title policy was provided reflecting the home is free and clear but does not verify borrower has vested ownership which would make them a FTHB with a shock > [Redacted]%. Payment shock for FTHB is capped at [Redacted]%. If this is accurate, please confirm and a condition can be added for payment shock and [Redacted] can elect to waive that with verified compensation factors. Buyer Comment (2026-02-18): attached Reviewer Comment (2026-02-06): Received the Owner's declaration and other documents are not signed. Please provide signed documents confirming that the property is free and clear, and that the borrower holds vested ownership. Exception remains. Buyer Comment (2026-02-04): see attached |
02/25/2026 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Primary | Purchase | D | B | D | B | C | B | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 10084926 | [Redact] | 36250171 | Compliance | Compliance | Federal Compliance | ECOA | ECOA Appraisal - Copy of Appraisal Not Provided 3 Business Days Prior to Consummation | ECOA Valuations Rule (Dodd-Frank 2014): Creditor did not provide a copy of each valuation to applicant three [Redacted] business days prior to consummation. | Appraisal report dated [Redacted], missing evidence of receipt. | Reviewer Comment (2026-02-10): Received the confirmation of delivery from the Borrower. Buyer Comment (2026-02-06): uploaded |
02/10/2026 | 1 | B | A | B | A | B | A | B | A | B | A | [Redact] | Primary | Purchase | B | A | A | A | B | A | A | A | Non QM | Non QM | No | ||||||||||
| [Redact] | 9613770 | [Redact] | 36352783 | Credit | Income / Employment | Income Documentation | Income / Employment | Income documentation requirements not met. | CPA Letter in file is undated. | Reviewer Comment (2025-11-11): CPA Letter with corresponding email that shows the CPA sent it on [Redacted] provided Buyer Comment (2025-11-10): Providing CPA Letter with corresponding email that shows the CPA sent it on [Redacted]. |
11/11/2025 | 1 | C | A | C | A | C | A | C | A | C | A | [Redact] | Investment | Purchase | C | A | C | A | A | A | A | A | Non QM | N/A | No |