Exhibit 99.03 - Schedule 2
| Loan Number | Loan ID | Finding # | Last Name | Note Date | DD Start Date | DD Delivery Date | Audit Category | Audit Issue | Finding ID | Exception Finding | Remediation Status | Exception Rebuttal | Exception Response | Status Comment | Compensating Factors | SOL Expiration Date | Initial Findings Grade | Final Findings Grade | Initial Loan Grade | Final Loan Grade |
| XXXX | 2124418 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was:XX/XX/XXXX. The loan is a compliant HPML. Escrow and prepayment requirements have been met. | Acknowledged | 1 | 1 | 3 | 1 | |||||
| XXXX | 2124418 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | QM - Rebuttable Presumption | XXXX | This loan does not qualify for a safe harbor level of compliance with the qualified mortgage rule. (12 CFR §1026.43(b)(4), (e)(1)). This loan does not qualify for a safe harbor. The loan has an APR of XXXX%. The APR threshold to qualify for a safe harbor is XXXX%. | Acknowledged | 2 | 1 | 3 | 1 | |||||
| XXXX | 2124418 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) HOI |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2124418 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Other/Missing | XXXX | Guidelines for bank statement income require the CPA letter to verify the length of self-employment and state that the business is active and/or in good standing. These are missing from the provided CPA letter. A revised letter or other documentation to support these points is required per guidelines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) CPA docs |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2124418 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2124416 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2124416 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The required funds to close were from a bridge loan secured by the borrower's depXXXXe residence on XXXX. The debt was included in the borrower's total liabilities. The investor guidelines required a copy of the Note to support the terms of repayment. Required documentation was not provided. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2124416 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142254 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142254 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142254 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2151538 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2151538 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2151538 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137038 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137038 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137038 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142255 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142255 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142255 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139726 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The borrower name on the Security Instrument is inconsistent with the XXXX. The Entity listed on the Security Instrument is not the same Entity reflected as current vested on XXXX. Missing Copy of deed. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) commitment and commercial mortgage borrower names are the same. please see attached from closing package. Rebuttal 2 (XX/XX/XXXX XX:XXPM) inside the box development LLC has owned the property since Jan XXXX. This should not apply. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The Title Commitment provided indicates the vesting is to be in the name of the borrower, XXXX; however, the Warranty Deed from the Estate of XXXX to XXXX has not been provided for review. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The information provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139726 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Borrower Info | XXXX | The appraisal and the XXXXd reflect the Borrower's name and the Owner's name as XXXX instead of the actual borrower and owner. Appraisal and XXXXd need to be corrected to reflect current borrower and owner. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) please see updated. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
4 | 1 | 3 | 1 | |||
| XXXX | 2139726 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2140075 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140075 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140075 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2151539 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term does not conform to the requirements for the lender's license type in the state where the property is located. The state regulation of XXXX allows for a maximum XXXX%,XXXX%,XXXX%,XXXX%,XXXX% and XXXX-month prepayment term, the loan has a XXXX% and XXXX-month prepayment term. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2151539 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The loan file was missing adequate documentation of Rent Loss insurance totaling XXXX months of PITIA. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Documentation uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2151539 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Rental Property/Missing Lease | XXXX | The current lease for the subject property was missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Documentation uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2151539 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142232 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142232 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142232 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133374 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Missing (All) | XXXX | There is no evidence of a HUD-XXXX Settlement Statement provided in the loan file. As a result the following reviews could not be performed: TILA Accuracy, MDIA, XXXX, XXXX, QM XXXX, XXXX, XXXX, RESPA XXXX review, and final HUD-XXXX accuracy. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.8(a) | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) please see HUD attached. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133374 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Report - Alerts | XXXX | The credit report contain a fraud alert for the borrower. The investor guidelines required all fraud alerts to be properly addressed and resolved. Required documentation to clear the alert was not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) “Alert” on file is a credit monitoring alert not an actual flag. LN report and borrower application along with XXXX confirms borrower identity Rebuttal 2 (XX/XX/XXXX XX:XXAM) cert attached. |
Response 1 (XX/XX/XXXX XX:XXAM) XXXX on credit requires the lender to contact the borrower at the specified number to clear the alert, (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133374 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | The subject closed in the name of an Entity, XXXX. The investor guidelines required a certificate of XXXX dated within XXXX days of the Note date which was XX/XX/XXXX. Required documentation was not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133374 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142219 | 1 of 9 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the Settlement statement provided in the loan file was the FINAL binding Settlement statement, as it was not signed, stamped or certified. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2142219 | 2 of 9 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | Missing required business documentation per guidelines. The operating agreement for XXXX, LLC is not signed. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please see attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142219 | 3 of 9 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. Guidelines require a minimum Property Value of individual properties in a portfolio loan be at least $XXXX. The subject property located at XXXX is valued at only $XXXX and does not meet the minimum requirement. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Can you please clarify? This property is over $XXXX higher than the minimum value of $XXXX. This should not be an exception. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Resolved) |
1 | 1 | 3 | 2 | |||
| XXXX | 2142219 | 4 of 9 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. The subject borrowing entity is XXXX whose members are XXXX% XXXX, XXXX% XXXX and XXXX% XXXX. XXXX has a sole member of XXXX. The members for XXXX are XXXX and XXXX. The Note was not signed by XXXX. The guaranty for XXXX is missing from the loan file. Without XXXX as an additional guarantor, only XXXX% of the borrowing entity has signed when a minimum of XXXX% is required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please see attached guaranty for XXXX. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142219 | 5 of 9 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The guidelines indicate that for leased properties, the rental income must be validated with a Lease Agreement and the verification of at least XXXX month’s collected rent. A lease is present in the loan file for the subject property located at XXXX; however, evidence of XXXX month's collected rent as required is not present in the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) - Tenant never moved in, Property was vacant at time of appraisal. Market rent was used. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient, (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142219 | 6 of 9 | XXXX | XXXX | XXXX | XXXX | Credit | Final Application - Missing | XXXX | The Final application is missing as required by guides. Guidelines require a loan application for each entity owner. The loan file does not contain an application for any member. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Signed final application attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142219 | 7 of 9 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. The evidence of insurance in the loan file for all subject properties does not reflect evidence of all perils coverage. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please see page XXXX of this policy, under coverages for all perils conformation. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142219 | 8 of 9 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance deductible over allowed 5% of coverage amount. | XXXX | Deductible over the allowed XXXX% of coverage amount. The evidence of insurance for the property located at XXXX reflects a $XXXX deductible which is the equivalent of XXXX% of the dwelling coverage in the amount of $XXXX. The evidence of insurance for the property located at XXXX reflects a $XXXX deductible which is the equivalent of XXXX% of the dwelling coverage in the amount of $XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) previously cleared on all of this borrower&#XXXX;s loans. Small loan amounts. See attached |
Response 1 (XX/XX/XXXX XX:XXAM) The deductible is only $XXXX. It exceeds XXXX% only slightly, and due to loan amounts of less than $XXXX. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142219 | 9 of 9 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX which support the appraised values. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144739 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144739 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144739 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129728 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Missing | XXXX | There is no evidence the Borrower received The Notice of Right to Receive Copy of Appraisal within XXXX business days from application. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c)?. Informational Only. | Acknowledged | 1 | 1 | 3 | 1 | |||||
| XXXX | 2129728 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Missing - One or More Reports Missing | XXXX | The origination credit for the borrower/guarantor, XXXX, was not provided as required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) reports attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2129728 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | The subject closed in the name of an entity, XXXX. The investor guidelines required a background report on the entity. Additionally, a Certificate of Good Standing dated within XXXX days of the Note date was required. The background report on the entity and the Certification for XXXX were not provided as required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) reports attached. Rebuttal 2 (XX/XX/XXXX XX:XXPM) Please see attached. |
Response 1 (XX/XX/XXXX XX:XXAM) The printout date is not contained on the COGS. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2129728 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Final Application - Missing | XXXX | The Final application for the borrower/guarantor, XXXX, is missing as required by guides. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) signed app attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2129728 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136957 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Missing | XXXX | There is no evidence the Borrower received The Notice of Right to Receive Copy of Appraisal within XXXX business days from application. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c). Informational only | Acknowledged | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136957 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | The subject closed in the name of an Entity, XXXX. The investor guidelines required a certificate of XXXX dated within XXXX days of the Note date which was XX/XX/XXXX. Required documentation was not provided.. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) cogs attached, |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136957 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136959 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Missing | XXXX | There is no evidence the Borrower received The Notice of Right to Receive Copy of Appraisal within XXXX business days from application. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c). Inforational only | Acknowledged | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136959 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Other | XXXX | The subject transaction was a rate and term refinance and the Closing Disclosure reflected closing funds required in the amount of $XXXX. In addition, the investor guidelines required reserves in the amount of $XXXX. Total required funds for the transaction were $XXXX. The total borrower's funds were $XXXX resulting in a shortage of $XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Assets - they used the proceeds from the refinance of XXXX for the cash to close and reserves. HUD attached reflecting cash to borrower of $XXXX |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136959 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Missing - One or More Reports Missing | XXXX | The origination credit for the borrower/guarantor, XXXX, was not provided as required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Gus&#XXXX; credit report attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136959 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | The subject closed in the name of an Entity, XXXX. The investor guidelines required a certificate of XXXX dated within XXXX days of the Note date which was XX/XX/XXXX. Required documentation was not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Signed app and cogs attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136959 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Final Application - Missing | XXXX | The Final application for the borrower/guarantor, XXXX, was not provided as required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) cogs attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136959 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133372 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133372 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | The subject closed in the name of XXXX. The investor guidelines required a Certificate of Good Standing dated within XXXX days of the subjects Note date of XX/XX/XXXX. Required documentation was not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133372 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Cash-Out, Delayed Financing | XXXX | The borrower is ineligible for a cash-out transaction as the property was purchased within the prior XXXX months and the loan does not meet the delayed financing exception in the Guidelines. The subject was a cash out refinance with a note date of XX/XX/XXXX. The subject's original purchase date o XX/XX/XXXX was XXXX months prior to the subject's transaction date and was a cash purchase. The investors guidelines guidelines required the documentation of source of funds for the original purchase transaction. Required closing funds at time of purchase were $XXXX plus $XXXX EMD funds. Required funds were not documented as required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) $XXXXk repair list included (attached again for reference) XXXX is eligible for cash out between XXXX-XXXX months with proof of rehab, which we have. Property was originally purchased free and clear in cash – no payoff and wasn’t run as delayed purchase, therefore proof of funds is not a requirement. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133372 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144731 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 4 | 1 | |||||
| XXXX | 2144731 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Bank Statements | XXXX | The subject transaction required closing funds in the amount of $XXXX and reserves in the amount of $XXXX for a total of $XXXX. A partial printout for a bank account with XXXX with a balance of $XXXX covering only transactions from XX/XX/XXXX. The printout did not report the account number or the owner of the account. The investor guidelines required a XXXX day history of the account with the owners name on the statement/printout. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached sale HUD reflecting cash to borrower of $XXXX |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
4 | 1 | 4 | 1 | |||
| XXXX | 2144731 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 4 | 1 | |||||
| XXXX | 2136958 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136958 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Missing - One or More Reports Missing | XXXX | A credit report along with the borrower authorization form is missing from the file for the borrower as required. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) please see attached. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136958 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Final Application - Missing | XXXX | An application for the borrower along with the borrower authorization form is missing from the file as required by the guidelines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) signed app attached. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136958 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance deductible over allowed 5% of coverage amount. | XXXX | Deductible over the allowed XXXX% of coverage amount. Dwelling coverage $XXXX and deductible $XXXX which exceeds XXXX% or $XXXX. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Deductible greater than XXXX% Previously cleared for this borrower in this same development. COI for XXXX - XXXX attached for reference. All policies have had a $XXXX deductible Rebuttal 2 (XX/XX/XXXX XX:XXPM) Investor approved to waive. |
Response 1 (XX/XX/XXXX XX:XXPM) Investor exception required. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Investor approved to waive based on compensating factors. (Waived) |
Comp factors - XXXX. Reserves $XXXX and DSCR XXXX | 3 | 2 | 3 | 2 | ||
| XXXX | 2136958 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144732 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144732 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Missing - One or More Reports Missing | XXXX | Not all required credit reports are within the file. The loan file did not contain a credit report or Borrower's Authorization for the borrower as required. Additional conditions may apply upon review. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please see attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144732 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Final Application - Missing | XXXX | The Final application is missing as required by guides. The loan file did not contain a Final loan application as required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) see attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144732 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX which supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133373 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133373 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Report - Alerts | XXXX | The borrowers credit report contain fraud alerts which have not been adequately addressed in the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) “Alert” on file is a credit monitoring alert not an actual flag. LN report and borrower application along with XXXX confirms borrower identity Rebuttal 2 (XX/XX/XXXX XX:XXPM) please see attached. |
Response 1 (XX/XX/XXXX XX:XXAM) XXXX on credit requires the lender to contact the borrower at the number specified to clear the alert. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133373 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | The subject closed in the name of XXXX. The guidelines required a Certificate of Good Standing for the LLC dated within XXXX days of the Note date. Required documentation was not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX attached. Rebuttal 2 (XX/XX/XXXX XX:XXPM) please see attached for both conditions. |
Response 1 (XX/XX/XXXX XX:XXAM) The lookup date is cut off. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133373 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133375 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133375 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Cash-Out, Delayed Financing | XXXX | The borrower is ineligible for a cash-out transaction as the property was purchased within the prior XXXX months and the loan does not meet the delayed financing exception in the Guidelines. The subject was a cash out refinance with a note date of XX/XX/XXXX. The subject's original purchase date of XX/XX/XXXX was XXXX months prior to the subject's transaction date and was a cash purchase. The investors guidelines guidelines required the documentation of source of funds for the original purchase transaction. Required closing funds at time of purchase were $XXXX. Source of closing funds were not documented as required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) if owned between XXXX-XXXX months, use appraised value only if there is proof of improvements being made to the property. See attached rehab completed since original purchase XXXX months ago totaling $XXXX.Further supported by the appraisal. please see XXXX remodeled less then XXXX year ago; XXXX remodeled less than XXXX year ago. This is not an exception. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133375 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139729 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139729 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139729 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139730 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139730 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139730 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139728 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139728 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139728 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144734 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144734 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Loan Amount | XXXX | The loan amount exceeds maximum allowable under the guidelines. The minimum loan amount allowed per guidelines is $XXXX; however, the subject loan closed with a loan amount of only $XXXX which does not meet the minimum required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) please see attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144734 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142220 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142220 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Interested Party Contribution - Exceeds | XXXX | The HUD reflects $XXXX seller contribution and total closing costs $XXXX. Per the guidelines, seller concessions must not exceed the lower of XXXX% of the purchase price ($XXXX) or $XXXX, and seller concessions cannot exceed the buyer's closing costs. In this case, the seller contribution exceeds XXXX% of the purchase price of $XXXX. The Interested Party Contributions exceed allowable guidelines and cause the recalculated LTV of XXXX% to exceed maximum allowed LTV of XXXX% per the matrix. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please see exception approval email. |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
XXXX. XXXX SSCR. XXXX months of reserves. | 3 | 2 | 3 | 2 | ||
| XXXX | 2142220 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142221 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142221 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142221 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142228 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142228 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142228 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142225 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142225 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142225 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142224 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142224 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142224 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144737 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144737 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144737 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136960 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136960 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Missing - One or More Reports Missing | XXXX | The loan closed XX/XX/XXXX. The file contains a credit report dated XX/XX/XXXX for XXXX. A soft pull dated within XXXX days of loan closing is required to determine if a drop in the score XXXX points or more and is missing from the file. If so, a hard pull required to validate reason for score change. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) please see attached. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136960 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | The file is missing the EIN for XXXX. The EIN provided in the file is for XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) EIN - Typo on IRS Doc. There is no entity for XXXX. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136960 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Final Application - Missing | XXXX | An application is missing for the borrower along with a borrower authorization form as required by the guidelines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) please see attached. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136960 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144735 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144735 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144735 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142231 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142231 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142231 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142233 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142233 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Cash to Close | XXXX | The subject is a purchase and required closing funds were $XXXX which includes the $XXXX EMD. Assets required for reserves were $ XXXX. Total required funds for the transaction were $XXXX. Documentation provided included an XXXX business checking account with a balance of $XXXX. No other assets were stated or provided. Total required funds were short by $XXXX. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Borrower conducted a Cash-Out refinance on XXXX/XXXX to have the liquidity to close this loan. See attached. Cash to borrower was $XXXX |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142233 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains an AVM dated XX/XX/XXXX with a confidence score of .XXXX and FSD of .XXXX; however, the loan file also contained a CDA dated XX/XX/XXXX which supports the appraised value. As the CDA was a second valuation product, per the rating agencies, this is graded as an EV2. | Acknowledged | Rebuttal 1 (XX/XX/XXXX XX:XXAM) What is the ask here if any? |
Response 1 (XX/XX/XXXX XX:XXAM) There is no ask. The first valuation product was an AVM but the Confidence score and FSD were under what is allowed. A second valuation product was provided in a CDA and it did support. Because it took the second valuation product to support the rating agencies require that to be a non-material grade EV2 or B. Nothing more is required. (Acknowledged) |
2 | 2 | 3 | 2 | |||
| XXXX | 2142234 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142234 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142234 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2143082 | 1 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2143082 | 2 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Cash to Close | XXXX | The file did not contain evidence the borrower had the proper amount of funds required to close or for reserves. The borrower was required to evidence XXXX months reserves, which isthe equivalent of $XXXX in reserves. This is in addition to the requirement of$XXXX in funds to close. Therefore,the borrower was required to evidence a total of $XXXX in funds for thesubject transaction. The loan file only contained evidence of $XXXX inqualifying assets. As a result, there is a $XXXX shortage in verified assets. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See attached VOD for both bank accounts pulled on XX/XX/XXXX that shows sufficient assets required to close. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2143082 | 3 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. Guidelines indicate that vacant properties are ineligible for refinances with DSCR <XXXX. The subject property is vacant with a qualifying DSCR of .XXXX. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached GL exception approval from investor. |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
XXXX. Experienced Investor. XXXX months of reserves | 3 | 2 | 3 | 2 | ||
| XXXX | 2143082 | 4 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The current hazard insurance policy on the subject property is missing XXXX mortgagee clause. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See attached policy with PPF in the mortgagee clause. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2143082 | 5 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | The LTV does not meet the program eligibility guidelines. The maximum allowed LTV for a rate and term refinance of a vacant property with a qualifying DSCR of .XXXX is XXXX%. Further, guidelines require properties listed for sale within the last XXXX months that the lesser of the most recent list price or appraised value be used as the qualifying value in determining the LTV. The appraisal reflects the subject property was removed from the market on XX/XX/XXXX with a most recent list price of $XXXX, which is less than the appraised value of $XXXX. As a result, the qualifying LTV is XXXX%, which exceeds the maximum allowed. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached GL exception approval from investor. |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
XXXX. Experienced Investor. XXXX months of reserves | 3 | 2 | 3 | 2 | ||
| XXXX | 2143082 | 6 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Property - Currently Listed for Sale | XXXX | The property is currently listed for sale. The appraisal reflects that the subject was listed for sale and removed from the market on XX/XX/XXXX. According to an audit property search, the subject property was listed for sale again on XX/XX/XXXX for $XXXX, the price lowered to $XXXX on XX/XX/XXXX and is still currently listed for sale. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Property no longer for sale and rental listing has been removed. - see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2143082 | 7 of 7 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value of an appraisal with an effective date of XX/XX/XXXX and value of $XXXX. The appraisal in the loan file is dated XX/XX/XXXX with a value of $XXXX and is accompanied by an update report dated XX/XX/XXXX. XXXX for the subject qualifying appraisal and dated within an acceptable timeframe is required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See attached XXXXn report - grade A. Rebuttal 2 (XX/XX/XXXX XX:XXPM) See attached updated XXXXn Report. Rebuttal 3 (XX/XX/XXXX XX:XXAM) Updated CDA provided. |
Response 1 (XX/XX/XXXX XX:XXAM) DVR received was conducted XXXX months prior to the appraisal. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Correct CDA provided and supports original appraised value. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144736 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144736 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144736 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144738 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144738 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144738 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144740 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144740 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144740 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144733 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is inaccurate. The principal amount on the note of $XXXX does not match the principal amount on the Security Instrument, Settlement Statement or Title of $XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) please see attached. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144733 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144733 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2101703 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2101703 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2101703 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137572 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Inaccurate | XXXX | The Note is inaccurate. The prepayment penalty rider is missing all terms. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Prepayment rider attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137572 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137572 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139896 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Late | XXXX | The Appraisal Report Disclosure, issued on XX/XX/XXXX was not disclosed within XXXX days of the application date, XX/XX/XXXX. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c) Informational Only. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139896 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is a XXXX year fixed close-end product. The Open-end form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security Instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2139896 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. The loan file was missing evidence of all perils for the subject properties located at XXXX, XXXX, XXXX, XXXX, XXXX and XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Confirmation of All Other Perils from insurance agent attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139896 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX which support the appraised values. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139891 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Late | XXXX | The Appraisal Report Disclosure, issued on XX/XX/XXXX was not disclosed within XXXX days of the application date, XX/XX/XXXX. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c) Informational Only. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139891 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is a XXXX year fixed close-end product. The Open-end form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security Instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2139891 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. The loan file contained no evidence of all perils coverage for any of the subject properties. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Confirmation of All Other Perils from insurance agent attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139891 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX which support the appraised values. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139889 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Late | XXXX | The Appraisal Report Disclosure, issued on XX/XX/XXXX was not disclosed within XXXX days of the application date, XX/XX/XXXX. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c) Informational Only. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139889 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is a XXXX year fixed close-end product. The Open-end form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security Instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2139889 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. The loan file contained no evidence of all perils coverage for any of the subject properties. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Confirmation of All Other Perils from insurance agent attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139889 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Missing or Incomplete Lease Agreement | XXXX | Missing Lease agreement or not complete per guidelines. The loan file contains a signed deposit addendum for the subject property located at XXXX; along with a tenant ledger reflecting a deposit receipt, move in date of XX/XX/XXXX and reflects no rent amount. The subject loan closed on XX/XX/XXXX; however, the lease and evidence of rent amount is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Lease for the subject property attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139889 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX which support the appraised values. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139894 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Late | XXXX | The Appraisal Report Disclosure, issued on XX/XX/XXXX was not disclosed within XXXX days of the application date, XX/XX/XXXX. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c) Informational Only. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139894 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is a XXXX year fixed close-end product. The Open-end form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security Instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2139894 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. The loan file contained no evidence of all perils for any of the subject properties. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Confirmation of All Other Perils from insurance agent attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139894 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX which support the appraised values. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139895 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Late | XXXX | The Appraisal Report Disclosure, issued on XX/XX/XXXX was not disclosed within XXXX days of the application date, XX/XX/XXXX. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c) Informational Only. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139895 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is a XXXX year fixed close-end product. The Open-end form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security Instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2139895 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. The loan file contained no evidence of all perils coverage for any of the subject properties. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Confirmation of Wind/Hail and All Other Perils attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139895 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX which support the appraised values. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139890 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Late | XXXX | The XXXX report disclosure, issued on XX/XX/XXXX was not disclosed within XXXX days of the application date, XX/XX/XXXX. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c) Informational Only. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139890 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is a XXXX year fixed close-end product. The Open-end form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security Instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2139890 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. The loan file was missing evidence of all perils for the subject properties located at XXXX, XXXX, XXXX, XXXX, XXXX, XXXX and XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Confirmation of All Other Perils from insurance agent attached. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139890 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost. Guidelines require a minimum of $XXXX of general liability coverage. Evidence of general liability coverage is missing from the loan file for the subject property located at XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) General Liability coverage attached for XXXX |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139890 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Missing or Incomplete Lease Agreement | XXXX | Missing Lease agreement or not complete per guidelines. The loan file contains a signed deposit addendum for the subject property located at XXXX; along with a tenant ledger reflecting a deposit receipt, move in date of XX/XX/XXXX and reflects no rent amount. The subject loan closed on XX/XX/XXXX; however, the lease and evidence of rent amount is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Lease for the subject property attached. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139890 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX which support the appraised values. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139892 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Late | XXXX | The Appraisal Report Disclosure, issued on XX/XX/XXXX was not disclosed within XXXX days of the application date, XX/XX/XXXX. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c) Informational Only | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139892 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is a XXXX year fixed close-end product. The Open-end form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security Instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2139892 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. The loan file contained no evidence of all perils for the subject properties located at XXXX, XXXX, XXXX, XXXX, XXXX, XXXX, XXXX, XXXX and XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Confirmation of Wind/Hail and All Other Perils attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139892 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Missing or Incomplete Lease Agreement | XXXX | Missing Lease agreement or not complete per guidelines. The lease agreement for the property located at XXXX is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Lease and rent ledger attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139892 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX which support the appraised values. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139893 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Late | XXXX | The XXXX report disclosure, issued on XX/XX/XXXX was not disclosed within XXXX days of the application date, XX/XX/XXXX. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c) Informational Only. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139893 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is a XXXX year fixed close-end product. The Open-end form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security Instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2139893 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. The loan file contained no evidence of all perils for any of the subject properties. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Confirmation of All Other Perils from insurance agent attached. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139893 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX which support the appraised values. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137579 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137579 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137579 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137580 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137580 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137580 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137574 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Missing | XXXX | There is no evidence the Borrower received The Notice of Right to Receive Copy of Appraisal within XXXX business days from application. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c). Informational only | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137574 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137574 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137575 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Missing | XXXX | There is no evidence the Borrower received The Notice of Right to Receive Copy of Appraisal within XXXX business days from application. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c). Informational only | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137575 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137575 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139875 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 4 | 1 | |||||
| XXXX | 2139875 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Bank Statements | XXXX | The bank and/or asset statements are incomplete. Assets - Bank Statements. The bank and/or asset statements are incomplete. The loan file contains incomplete bank statements for the borrower which are needed to satisfy sufficient reserves. The XXXX acct #XXXX dated XX/XX/XXXX should be a total of XXXX pages, however only page XXXX of XXXX is in the loan file. The XXXX acct #XXXX dated XX/XX/XXXX should be a total of XXXX pages, however only page XXXX of XXXX is in the loan file | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Full December and January bank statements for account *XXXX. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
4 | 1 | 4 | 1 | |||
| XXXX | 2139875 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 4 | 1 | |||||
| XXXX | 2139879 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is a XXXX year fixed close-end product. The Open-end form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security Instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139879 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139879 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139880 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is a XXXX-year fixed close-end product. The Open-end Form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139880 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139880 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139881 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The security instrument was not completed accurately. The loan is a XXXX-year fixed close-end product. The Open-end Form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139881 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139881 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139882 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is a XXXX-year fixed close-end product. The Open-end Form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139882 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139882 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139883 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is a XXXX-year fixed close-end product. The Open-end Form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139883 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139883 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139873 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is a XXXX year fixed close-end product. The Open-end form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security Instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139873 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139873 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139885 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately.The loan is a XXXX-year fixed close-end product. The Open-end Form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139885 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139885 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139874 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139874 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139874 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139876 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is a XXXX year fixed close-end product. The Open-end form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security Instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139876 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139876 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX which supported the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139886 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139886 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139886 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX which supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137578 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137578 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137578 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139888 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139888 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139888 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139884 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. XXXX is a XXXX-year fixed close-end product. The Open-end Form was utilized for the Security Instrument when a Close-end form should have been used; however, the Security instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139884 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139884 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137723 | 1 of 8 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: The Prepayment Addendum references a XXXX month period for prepayment penalties, but the schedule only provides for XXXX months. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Condition cleared by Investor. Rebuttal 2 (XX/XX/XXXX XX:XXPM) Although note and prepayment addendum show prepayment for XXXX months, both note and prepayment addendum do not show a prepayment penalty past XXXX months, which correctly reflects the prepayment on this loan. Please see attached. Rebuttal 3 (XX/XX/XXXX XX:XXPM) Please see attached. Cleared in ELL portal Rebuttal 4 (XX/XX/XXXX XX:XXPM) Investor has agreed to buy the loan with the caveat that we have XXXX days to satisfy it with DR or we will buy it back. PPF currently has this correction in process - trying to confirm if buyer has signed off on it. See attached email from investor. Rebuttal 5 (XX/XX/XXXX XX:XXPM) See attached revised addendum. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The screenshot provided does not specify the correct term of the Prepayment Penalty. To cure the exception, please provide a corrected Prepayment addendum to the Note executed by the borrower with the correct PPP term. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The Note addendum provided has not been updated. The PPP addendum must disclose the correct terms. The term of the PPP is disclosed as XXXX months; however the declining structure is only for XXXX months. Please provide an updated PPP addendum with the correct terms executed by the borrower. (XXXX) Response 3 (XX/XX/XXXX XX:XXAM) Documents not received as indicated. Please re-submit. (XXXX) Response 4 (XX/XX/XXXX XX:XXAM) Exception remains until seller provides documentation to clear the PPP addendum to the Note. (XXXX) Response 5 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137723 | 2 of 8 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Missing Rider/Addendum | XXXX | The following referenced Riders / Legal Addendum(s) are missing: XXXX-XXXX Family Rider, XXXX, Prepayment Rider, Business Loan Rider, SFR Entity Borrower Rider, and Business Purpose and XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137723 | 3 of 8 | XXXX | XXXX | XXXX | XXXX | Credit | Condo - Documentation | XXXX | Loan file did not contain required condo documentation (Master HOI and XXXX). Noted, this documentation was provided in the prefund review file. Additional conditions may apply after review. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached condo docs. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137723 | 4 of 8 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | Missing required business documentation per guidelines. The file is missing the EIN and the Certificate of Good Standing for XXXX. Noted, this documentation was provided in the prefund review file. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See all entity docs attached. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137723 | 5 of 8 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. The file is missing the Business Purpose Cert required at closing. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137723 | 6 of 8 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. The file is missing the OFAC for the borrower and for XXXX. Noted, this documentation was provided in the prefund review file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137723 | 7 of 8 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. The subject transaction is delayed financing (subject purchased XX/XX/XXXX). Guidelines require the source of funds for the original acquisition of the subject property. The file is missing this documentation. Noted, the guidelines used for the prefund review did not require this documentation; however, required under the new guidelines. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Investor cleared this condition, please see attached. Rebuttal 2 (XX/XX/XXXX XX:XXAM) Please see attached docs for source of funds for the original purchase as well as the original purchase settlement statement. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation not received. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137723 | 8 of 8 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contained a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2140071 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | HMDA - Government Monitoring | XXXX | The Government Monitoring Section on the application was not completed and/or acknowledged. Home Mortgage Disclosure Act (Regulation C) 12 CFR 1003.4(b) Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX | Acknowledged | 2 | 2 | 4 | 2 | |||||
| XXXX | 2140071 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Report - Adverse Credit | XXXX | Adverse credit information, such as late payments, lawsuits, or judgements, were not adequately explained by the applicants. The judgment search in the loan file reflects a judgment in the amount of $XXXX dated XX/XX/XXXX. The loan file contained no evidence that this judgment was explained or satisfied. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please see attached paid in full letter regarding this judgment. Please clear. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
4 | 1 | 4 | 2 | |||
| XXXX | 2140071 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 4 | 2 | |||||
| XXXX | 2137724 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137724 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137724 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. No value supporting documentation was present in the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See attached - grade A. Rebuttal 2 (XX/XX/XXXX XX:XXAM) See attached - grade A. |
Response 1 (XX/XX/XXXX XX:XXAM) DVR does not belong to subject property. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2127772 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2127772 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The file contains only an insurance estimate that covers the period from XX/XX/XXXX-XX/XX/XXXX. The premium amount does not match the amount used for the monthly insurance amount ($XXXX vs $XXXX) per the payment letter. HOI policy must be provided and specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached EOI and email confirmation from agent confirming DP3 (all perils). |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2127772 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133276 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Late | XXXX | The Notice of Right to Receive Copy of Appraisal, issued on XX/XX/XXXX was not disclosed within XXXX days of the application date, XX/XX/XXXX. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c) Informational Only | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2133276 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - Other | XXXX | The Note is missing from the loan file. The Note provided in the additional documents folder is for another property. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached Note and Riders |
Response 1 (XX/XX/XXXX XX:XXPM) XXXX and all Riders provided. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2133276 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing HUD | XXXX | The HUD provided in the loan file is the preliminary HUD. The final HUD was not provided for our review. Reviewer unable to confirm final cash to close. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Final SS |
Response 1 (XX/XX/XXXX XX:XXPM) Final HUD provided and borrower meets cash to close and reserves. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2133276 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file is missing the Guaranty Agreement. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Attached. |
Response 1 (XX/XX/XXXX XX:XXPM) Executed Guaranty Agreement provided. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2133276 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | The subject closed at XXXX% LTV. According to the Matrix the maximum LTV is XXXX%. LTV calculated using the lower of the sales price of XXXX versus appraised value of XXXX. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached - PPF accepts from investor. Rebuttal 2 (XX/XX/XXXX XX:XXPM) Please see attached. GL approved in ELL portal Rebuttal 3 (XX/XX/XXXX XX:XXPM) See attached GL approval. |
Response 1 (XX/XX/XXXX XX:XXAM) XXXX could not be completed. Investor granted exception up to XXXX% LTV. Actual LTV is XXXX%. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation not received. (XXXX) Response 3 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
XXXX. XXXX months of reserves. (Resolved) | 3 | 2 | 3 | 2 | ||
| XXXX | 2133276 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX supportive of value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2143081 | 1 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2143081 | 2 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - OFAC Screening | XXXX | The loan file does not contain evidence the Borrower(s) passed the OFAC screening process. The file contained the OFAC for the Entity; however, is missing the OFAC for the borrower. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached OFAC for the borrower. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143081 | 3 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | Missing required business documentation per guidelines. The file contains a business license search for XXXX LLC dated XX/XX/XXXX which is the borrowing entity. The search appears to reflect the entity status as Suspended and Inactive as of XX/XX/XXXX. If accurate, Entity would be ineligible. In addition, the file is missing the Operating Agreement for this Entity. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached report showing entity in active status. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143081 | 4 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. The judgment/XXXX section of the XXXX for the borrower reflected multiple tax liens which were not satisfied. Guidelines are vague on tax liens as far as how old they may be and not have to be paid or if a certain amount has to be paid. Review of tax liens and status should be conducted. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Per PPF UW, we closed several RTL files for this borrower and COO is aware of the liens and waived them. EF requested we document release of liens - see attached. Please clear. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143081 | 5 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Mortgage History - Missing/Incomplete | XXXX | The mortgage history in the loan file was incomplete or missing. The file is missing the VOM for the XXXX mortgages being paid off with the subject loan. In addition, the file contained the payoff for XXXX; however, did not contain the payoff for the additional mortgage. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143081 | 6 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Title Commitment - Other | XXXX | The file is missing the XXXX month Chain of Title as required by guidelines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached vesting deed showing current borrower took ownership of the property in XXXX - about XXXX years ago. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143081 | 7 of 7 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a CDA dated XX/XX/XXXX which supports the value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2140070 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2140070 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Final Application - Missing | XXXX | The application is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2140070 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2134080 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2134080 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2134080 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2143085 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2143085 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Other | XXXX | Program Parameters - Property Type. The subject loan does not meet Program Parameters for Property Type. Per guides, the minimum square footage for Attached and Detached SFR, PUD, and Townhome is XXXX. For the subject XXXX unit property all units are XXXX ft. which does not meet guidelines. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Per appraisal (see attached) this is a fourplex, so total square footage for the property is XXXX. Units are not condos or townhomes. Please clear. |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Void) |
1 | 1 | 3 | 1 | |||
| XXXX | 2143085 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | Hazard Insurance - All Perils. XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. The policy provided does not reflect all perils coverage. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached email from insurance agent confirming policy has all perils coverage |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143085 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved0 |
3 | 1 | 3 | 1 | |||
| XXXX | 2144928 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144928 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Other | XXXX | There are additional appraisal findings. The appraisal reflects the subject is tenant occupied; however, the loan file does not contain a lease and the appraisal photos indicate the subject is vacant. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Confirmed property is vacant and the cash-out loan was structured off of this. DSCR at XXXX and borrower FICO is XXXX so per PPF guidelines, XXXX months of reserves were required. Payment based on the sizer and executed note is $XXXX, so reserves required is $XXXX. XXXX in the file shows borrower has $XXXX which meets guidelines. LTV is also < XXXX%. See attached documents. Please clear. Rebuttal 2 (XX/XX/XXXX XX:XXPM) See attached appraisal showing property is vacant. |
Response 1 (XX/XX/XXXX XX:XXPM) Please have appraisal changed to Vacant. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144928 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. The CDA is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached - grade A |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143080 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2143080 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Minimum Reserves | XXXX | Sufficient reserves to meet underwriting requirements and PITI were not verified in the file. The borrower was required to evidence XXXX months reserves, which is the equivalent of $XXXX in reserves. The loan file only contained evidence of $XXXX in qualifying assets. As a result, there is a $XXXX shortage in verified assets. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached additional bank statement. Should have sufficient assets when you include this statement. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143080 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | Missing required business documentation per guidelines. The loan file contained a certificate of good standing for an entity by the name of XXXX; however, the loan file did not contain a copy of the certificate of good standing as required for the borrowing entity known as XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached entity docs. Rebuttal 2 (XX/XX/XXXX XX:XXPM) XXXX is active - see attached from XXXX website |
Response 1 (XX/XX/XXXX XX:XXAM) Still missing certificate of good standing as required specifically for the borrowing entity known as XXXX. Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143080 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. No value supporting documentation was present in the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached XXXXn report. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2140072 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140072 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140072 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2143084 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2143084 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | The LTV does not meet the program eligibility guidelines. The maximum LTV for a rate and term refinance with a qualifying of DSCR XXXX and a qualifying credit XXXX is XXXX%. The subject loan closed with an LTV of XXXX% which exceeds the maximum allowed. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached exception approval from investor. |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX. Experienced Investor. XXXX months of reserves. | 3 | 2 | 3 | 2 | ||
| XXXX | 2143084 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. No value supporting documentation was present in the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2143083 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2143083 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Final Application - Missing | XXXX | The application for XXXX is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143083 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2134079 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2134079 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2134079 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM by XXXX, CDA, or XXXX to support the origination appraised value. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached. |
Response 1 (XX/XX/XXXX XX:XXAM) CDA provided and supports original appraised value. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143088 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2143088 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The loan file contained insurance quotes for the subject property; however, an actual binder confirming perils coverage was not present in the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143088 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Missing or Incomplete Lease Agreement | XXXX | Missing Lease agreement or not complete per guidelines. Guidelines require a copy of the lease be present in the loan file for all occupied units. The appraisal indicates that XXXX of the XXXX subject property units are leased; however, a copy of the lease agreements are not present in the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached lease agreements for all XXXX units. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143088 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Mortgage History - Missing/Incomplete | XXXX | The mortgage history was missing from the loan file. The Matrix requires a mortgage rating of 1x30x12 or better. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached VOM |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143088 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137450 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137450 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the options provided in overlay to Correspondent. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Confirmation from hoi agent |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137450 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137436 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137436 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. No evidence of all perils coverage for all subject properties. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) confirmation from HOI agent |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137436 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX and XX/XX/XXXX which supports the appraised values. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133356 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133356 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133356 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133347 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133347 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Borrower Info | XXXX | The borrower's name on the appraisal does not match other loan file documentation. The appraisal reflects the borrower's name of XXXX. While XXXX did sign a guaranty, they are not the borrower per the note. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX gty Rebuttal 2 (XX/XX/XXXX XX:XXPM) Based on the OA, XXXX XXXX% ownership in XXXX and an active manager |
Response 1 (XX/XX/XXXX XX:XXAM) The borrower's name is XXXX . (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
4 | 1 | 3 | 1 | |||
| XXXX | 2133347 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Missing or Incomplete Lease Agreement | XXXX | Missing Lease agreement or not complete per guidelines. The lease for the 2nd unit of the subject property is missing from the loan file. The appraisal reflects that the rent for Unit XXXX is $XXXX per month and photos reflect the unit is occupied; however, the lease is missing. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Property was only half occupied. XXXX unit leased and XXXX unit vacant Rebuttal 2 (XX/XX/XXXX XX:XXPM) Attached |
Response 1 (XX/XX/XXXX XX:XXAM) According to the appraisal, both units are rented and furnished. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133347 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133341 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133341 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Borrower Info | XXXX | The borrower's name on the appraisal does not match other loan file documentation. The appraisal reflects the borrower's name of XXXX. While XXXX did sign a guaranty, they are not the borrower per the note. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX GTY Rebuttal 2 (XX/XX/XXXX XX:XXPM) XXXX owns XXXX% of XXXX. OA attached |
Response 1 (XX/XX/XXXX XX:XXAM) The borrower's name is XXXX. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133341 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2129315 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129315 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129315 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133355 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133355 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133355 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133332 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133332 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - Other | XXXX | There are additional observations that could impact the credit decision and/or quality of the loan. The subject loan closed in the name of an LLC; however, the loan file did not contain a valid Certificate of Good Standing as required per the guidelines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Entity Status |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133332 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133338 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133338 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133338 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129320 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Missing Rider/Addendum | XXXX | The following referenced Rider is missing: Pages XXXX and XXXX of PUD Rider are missing. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) MTG w/ full PUD rider |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2129320 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2129320 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133343 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133343 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133343 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137451 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137451 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137451 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX which supports the appraised values. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133352 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133352 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133352 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133354 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The Entity name on the Security Instrument is inconsistent with the title. The Title reflects current vested interest is XXXX; however, the mortgage lists XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133354 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | Original LTV was calculated using the higher of the appraised value vs Cost basis/Purchase price and should be lower of the Cost basis of $XXXX. Using the lower cost basis, the calculated LTV was XXXX% and exceeds the maximum LTV allowable of XXXX%. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) We calculate LTV as XXXX divided by the “As-Is” value. XXXX/XXXX here provided LTV is XXXX%. please waive this exception. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133354 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137439 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The XXXX name on the Security Instrument is inconsistent with the title. The Title reflects current vested interest is XXXX and XXXX; however, the mortgage lists XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) LOX attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) Deed |
Response 1 (XX/XX/XXXX XX:XXAM) The LOX provided is not sufficient to cure the finding. The loan file contained a Quit Claim Deed for the transfer of ownership; however, the Quit Claim Deed was not executed. Please provided the fully executed Quit Claim Deed. (upheld) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137439 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. HOI for all properties is missing evidence of all perils coverage. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Agent confirming XXXX perils |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137439 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX and XX/XX/XXXX which supports the appraised values. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133336 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Inaccurate | XXXX | The Note in inaccurate. The loan is secured by a XXXX; however, the Note was only signed by the borrower as trustee and not as an individual. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Please check attached |
Response 1 (XX/XX/XXXX XX:XXAM) Finding cited in error. (void) |
1 | 1 | 1 | 1 | |||
| XXXX | 2133336 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is secured by a XXXX; however, the Mortgage was only signed by the borrower as trustee and not as an individual. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Attached Note doc is executed as XXXX . XXXX, as Trustee of The XXXX Trust. This can be accepted, Please waive this exception. |
Response 1 (XX/XX/XXXX XX:XXAM) Finding cited in error. (void) |
1 | 1 | 1 | 1 | |||
| XXXX | 2133336 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133336 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137437 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137437 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Other | XXXX | There are additional appraisal findings. The appraisal for the subject property located at XXXX indicates that the appraiser was not granted access to the basement nor the front bedroom of the property and therefore, could not complete the assessment of the property in full. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXXD for the bedroom and basement of XXXX. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137437 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX and XX/XX/XXXX which supports the appraised values. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2129310 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2129310 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) HOI agent sent over this packet to show Special Form Coverage. Then endorsement on the declarations page matches the perils packet |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2129310 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137440 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137440 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. The evidence of all perils coverage is missing for both properties. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Confirmation of all perils |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137440 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX and XX/XX/XXXX. The CDA for XXXX reflected a variance of XXXX%; however, the value of $XXXX was input rather than the appraised value of $XXXX. The actual variance is XXXX%. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137453 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137453 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Other | XXXX | There are additional appraisal findings. The appraisal for the subject property located at XXXX reflected a broken window, a broken bath room mirror and broken window panes in a door.The appraisal for the subject property located at XXXX reflected no smoke detectors observed.The loan file did not contain any evidence of these items having been addressed. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) We allow up to XXXX% deferred maintenance and total cost to repair was only $XXXX Rebuttal 2 (XX/XX/XXXX XX:XXPM) door and windows fixed. Also the invoice |
Response 1 (XX/XX/XXXX XX:XXAM) XXXX glass, unsecured entry, and lack of smoke detectors are health and safety issues. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137453 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Missing or Incomplete Lease Agreement | XXXX | Missing Lease agreement or not complete per guidelines. The loan file contains a security deposit receipt for the subject property located at XXXX XXXX; however, a copy of the actual lease is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) property is only half leased. Lease agreement for the leased unit is attached |
Response 1 (XX/XX/XXXX XX:XXPM) Lease agreement for one until provided and although file includes a copy of the security deposit for the 2nd unit its not required as one unit can be vacant. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137453 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX, XX/XX/XXXX and XX/XX/XXXX which supports the appraised values. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133342 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: Page XXXX of XXXX of the referenced loan agreement is missing the closing date. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2133342 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX month prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2133342 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2133342 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137438 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137438 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137438 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX which supports the appraised values. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133345 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2133345 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Other | XXXX | The XXXX's name is incorrect on the CDA and reflects "XXXX XXXX" vs. XXXX. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Investor approved to waive. |
Response 1 (XX/XX/XXXX XX:XXPM) Investor approved to waive based on compensating factors. (Waived) |
Comp factors - Reserves $XXXX, DSCR XXXX and experienced investor. | 3 | 2 | 3 | 2 | ||
| XXXX | 2133345 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2133351 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: Page XXXX of the note is missing. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133351 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) are incomplete: Pages XXXX and XXXX are missing from the Security Instrument. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133351 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Large Deposits/Unacceptable | XXXX | The guidelines indicate any XXXX, defined as any deposit representing more than XXXX% of the monthly average deposit balancewhich exceeds $XXXX, must be sourced/evaluated. Any unsourced large deposits will not be counted towards the Verified Liquidity figures. The XXXX acct #XXXX reflects a large deposit of $XXXX on XX/XX/XXXX. The loan file contains an LOE from the XXXX indicating the funds were transferred from a brokerage account, however account documentation for the brokerage account was not provided to support the sourcing of funds. Excluding the $XXXX deposit from eligible assets would make the XXXX short $XXXX in closing funds and $XXXX in required reserves. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) LOX for large deposits |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133351 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | The guidelines indicate Guarantors should be able to support a minimum of three tradelines: (i) minimum of XXXX active trade line(s), (ii) at least XXXX trade line with XXXX+ month rating, and (iii) XXXX lines must be rated for XXXX months and may be open or closed. Deals which do not meet these qualifications may be subject to approval with a XXXX% LTV/LTC reduction. The Borrower/Guarantor is a XXXX with a credit report and does not meet the minimum tradeline requirements. A XXXX% LTV reduction is required to the XXXX% program XXXX for a XXXX ( XXXX% max LTV). The loan closed with a XXXX% LTV. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Borrower is a Foreign National but has some credit history. XXXX for a FN Purchase is XXXX% |
Response 1 (XX/XX/XXXX XX:XXAM) XXXX% allowed for a foreign national. (Void) |
1 | 1 | 3 | 1 | |||
| XXXX | 2133351 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137443 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137443 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137443 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX and XX/XX/XXXX which supports the appraised values. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133353 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133353 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133353 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129396 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129396 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129396 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133346 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: The Loan Agreement is missing the date of acknowledgment. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Attached |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133346 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133346 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133340 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133340 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The loan was missing current hazard insurance policy on the subject property with sufficient rent loss coverage per the guidelines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) here we got sufficient Fair rental value of $XXXX. Please waive this exception. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133340 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a Desk Review dated XX/XX/XXXX that supported the value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2138642 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138642 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138642 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138646 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138646 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138646 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144930 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144930 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144930 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140074 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2140074 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The loan is missing the current hazard insurance policy on the subject property with sufficient rent loss insurance coverage. The guidelines require rent loss coverage equaling the lessor of XXXX months market rents or XXXX% of the dwelling coverage amount, excluding any extra replacement cost coverage. The evidence of insurance in the loan file reflects no rent loss insurance. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached EOI with rental loss coverage included. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2140074 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2143087 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2143087 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Appraisal Missing | XXXX | Missing required appraisal from the file along with market rent survey. Unable to determine DSCR. File contains DSCR of 1.4717 (purchase transaction). Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached appraisal. Rebuttal 2 (XX/XX/XXXX XX:XXPM) See attached appraisal and vision report. |
Response 1 (XX/XX/XXXX XX:XXPM) Appraisal provided is not for the subject property. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143087 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The file contains an Insurance Quote for the subject property. Policy required to include required dwelling coverage, mortgagee clause, all perils coverage, and lessor of XXXX months rent loss or XXXX% of the dwelling coverage amount, excluding any extra replacement cost coverage. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached EOI documents for this file. Rebuttal 2 (XX/XX/XXXX XX:XXPM) See attached EOI and email from insurance agent confirming all perils policy. Please clear. |
Response 1 (XX/XX/XXXX XX:XXPM) XXXX provided is not for the subject property. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143087 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM by XXXX, CDA, or XXXX to support the origination appraised value. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached XXXXn - grade = A. Rebuttal 2 (XX/XX/XXXX XX:XXAM) XXXX uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) CDA provided is not for subject address. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143086 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The Vested Interest on the Security Instrument cannot be verified as accurate due to Title Commitment missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached commitment. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143086 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - OFAC Screening | XXXX | The loan file does not contain evidence the Borrowers passed the OFAC screening process. Evidence of OFAC for the guarantor and borrowing entity are missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached. Rebuttal 2 (XX/XX/XXXX XX:XXPM) See attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Still missing OFAC for XXX XXXX. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143086 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Title Commitment - Missing/Incomplete | XXXX | The title commitment/policy is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143086 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2140073 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140073 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140073 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2143090 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2143090 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2143090 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144929 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144929 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144929 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. The loan file does not contain a secondary valuation product. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) CDA attached. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2143089 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2143089 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2143089 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX supportive of value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144932 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term does not conform to the State Regulations where the property is located. The state of XXXX does not allow a prepayment term for XXXX-XXXX units with a loan amount less than $XXXX, the loan has a XXXX month prepayment term and loan amount of $XXXX. The loan fails the prepayment test by XXXX months. | Acknowledged | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Our loan documents set the source law as XXXX and we are exempt from prepayment penalty restrictions. Please waive. |
Response 1 (XX/XX/XXXX XX:XXAM) The property is located in XXXX and the PPP does apply; however, the grade is an EV2. (Acknowledged) |
3 | 2 | 3 | 2 | |||
| XXXX | 2144932 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144932 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144931 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144931 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144931 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2094920 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2094920 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2094920 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2133357 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133357 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133357 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. No value supporting documentation was present in the loan file for the subject property located XXXXXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ssr |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2141283 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141283 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141283 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139911 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139911 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow a borrower living rent free without verification of XXXX months rent being paid to the borrower. Determined non-material based on compensating factors (waived). | Waived | Compensating factors: DSCR >XXXX, XXXX+ mons reserves | 2 | 2 | 2 | 2 | ||||
| XXXX | 2139911 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow financing to a borrower with less than XXXX months investment property ownership at XXXX months with no primary residence ownership. Determined non-material based on compensating factors (waived). | Waived | Compensating factors: DSCR >XXXX, XXXX+ mons reserves | 2 | 2 | 2 | 2 | ||||
| XXXX | 2139911 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2138652 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - 10% Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Title-Courier/Messenger, Title-Document Storage/Archive/Copies, Title-E-Doc, Title-Lender's Title Insurance, Title-Meets & Bounds, Title-Preparation of Notice of Settlement, Title-Secondary Mortgage, Title-Tax Certificate, Title-Tidelands Search(XXXX), Title-Title Examination, Title-Transaction Platform, Title-XXXXearch, and Title-Wire Transfer Fees. In addition, the loan file did not contain a service provide list therefore all fees for title services were subject to XXXX%. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) SSPL provided. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2138652 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2138652 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a 2nd appraisal dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2103333 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. Rebuttal 2 (XX/XX/XXXX XX:XXPM) See the attached agreement page |
Response 1 (XX/XX/XXXX XX:XXAM) The Lender executed Loan Agreement was not provided. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2103333 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Mortgage is missing the Notary Acknowledgement. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2103333 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Missing required 1004 D | XXXX | The origination appraisal was made subject to repairs, and the loan file did not contain a XXXXD confirming the repairs were completed. The loan file did contain an escrow holdback agreement for the required repairs; however, lender guidelines require senior management approval for escrow holdbacks and the loan file did not contain evidence of senior management approval as required. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Documentation uploaded. Rebuttal 2 (XX/XX/XXXX XX:XXPM) XXXXD-confirming repairs are complete |
Response 1 (XX/XX/XXXX XX:XXAM) XXXXD reflects repairs ongoing. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2103333 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Borrower 1 was XXXX%/XXXX% owner of the borrowing entity, XXXX, LLC, with a non-borrower, XXXX. Lender guidelines require a Personal Guaranty to be signed by one or more owners representing a majority ownership (XXXX%). The loan file contained the signed guaranty by both guarantors as required. However, the loan file did not contain a XXXX) limited application that includes name, address, date birth, social security number, and citizenship, XXXX) authorization for credit report XXXX) background check and XXXX) picture XXXX as a driver's license, passport, or similar for the non-borrowing guarantor as required. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2103333 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | HOI policy must specifically state “XXXX” this is missing from the hazard policy. Provide documentation showing all perils for the hazard insurance policy. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2103333 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2156413 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Signature Discrepancy | XXXX | The signature on the Note and Note XXXX was executed as only individual (XXXX XXXX) instead of as the entity (XXXX). | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) SEE ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2156413 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Signature Discrepancy | XXXX | The signature on the Mortgage/Deed of Trust, XXXX-XXXX Rider, Title Insurance Identification Rider, and PPP Rider was executed as only individual (XXXX) instead of as the entity (XXXX). | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) SEE ATTACHED AOC |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2156413 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Report - Aged | XXXX | The loan file contains an exception to allow a credit report to be aged to XXXX days, guidelines state the XXXX is XXXX days. Determined non-material based on compensating factors (waived). | Waived | Response 1 (XX/XX/XXXX XX:XXPM) Determined non-material based on compensating factors (waived). |
Compensating Factors: XXXX+ mons reserves, experienced investor | 2 | 2 | 3 | 2 | |||
| XXXX | 2156413 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2130358 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD - Loan Information/Loan Type | XXXX | The CD issued on XX/XX/XXXX does not reflect the correct Loan Type. The Loan Type is reflected as Other; however it should be Conventional. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(5)(iv). | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2130358 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD - Section B incorrect payee | XXXX | The loan contains a fee where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For on the revised CD issued on XX/XX/XXXX: Desk Review Fee. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2130358 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2130358 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137034 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Missing Signature | XXXX | The Security Instrument and Rider were not fully executed by all required parties. The borrower and notary signatures were missing. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Signed Mortgage attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137034 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Missing - One or More Reports Missing | XXXX | Not all required credit reports are within the file. Guidelines require a Gap Credit Report if the Note date is greater than XXXX days after the credit report. The Note date is XX/XX/XXXX and the credit report is dated XX/XX/XXXX; therefore, XXXX days exceeded. Noted, prelim HUD provided at prefund was not dated; therefore, anticipated closing date unable to be determined at prefund. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) UDN from date of funding attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137034 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Report - Other | XXXX | There are additional credit findings. Automatic Payment Authorization Form for the subject loan is missing from the loan file. Noted, finding made on prefund review and was requested to be provided at post close. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXAM) automatic payments were rejected by the borrower at closing, so the form was not signed/provided. please clear condition. |
Response 1 (XX/XX/XXXX XX:XXPM) Please provide referenced rejection form. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Upon Senior Management review this is not a requirement for the borrower to sign. (Void) |
1 | 1 | 3 | 1 | |||
| XXXX | 2137034 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. Field Review dated XX/XX/XXXX supports appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2124354 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete:The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2124354 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The loan file is missing a mortgage statement, or other documentation, verifying the mortgage with XXXX secured against XXXX XXXX, is an escrowed account. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) docs for XXXX uploaded. please see property profile for tax amount |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2124354 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The lender provided an exception to allow for a rural property. Considered non-material based on compensating factors (waived). | Waived | Compensating factors: XXXX, XXXX mos reserves | 2 | 2 | 3 | 2 | ||||
| XXXX | 2124354 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Verification Documentation - VOE/Missing | XXXX | A VOE is missing from the loan file. The loan file is missing a VOE for the borrower. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Please see attached VOE email from employer. |
Response 1 (XX/XX/XXXX XX:XXPM) VOE from new employer and offer letter provided. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2124354 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CDA provided and supports original appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137486 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2137486 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137486 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2133283 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133283 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133283 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136048 | 1 of 8 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Non-Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a non-compliant HPML due to the following: no evidence appraisal report was provided at least XXXX days prior to consummation. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136048 | 2 of 8 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD - Section B incorrect payee | XXXX | The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. XXXX. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2136048 | 3 of 8 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Underwriting Fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The COC dated XX/XX/XXXX has been provided and is valid for the increase to the Points - Loan Discount fee; however, the increase to the XXXX fee is not rate dependent. Please provide a valid COC for the increase to the XXXX fee. A cost to cure in the amount of $XXXX remains. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2136048 | 4 of 8 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Missing required 1004 D | XXXX | Missing required XXXX to validate value or required repairs. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX is subject to obtaining new survey (not anything to do with property). Please see attached new survey meeting the appraiser&#XXXX;s requirement. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136048 | 5 of 8 | XXXX | XXXX | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The loan file is missing documentation supporting the omission of the XXXX student loan from qualifying ratios. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Borrower&#XXXX;s parents are paying the student loan. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136048 | 6 of 8 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The lender provided an exception to allow for a DTI of XXXX%for a FTHB. Considered non-material based on compensating factors (waived). | Waived | Compensating factors:XXXX, XXXX mos reserves | 2 | 2 | 3 | 2 | ||||
| XXXX | 2136048 | 7 of 8 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The lender provided an exception to allow for a rural property. Considered non-material based on compensating factors (waived). | Waived | Compensating factors:XXXX, 11mos reserves | 2 | 2 | 3 | 2 | ||||
| XXXX | 2136048 | 8 of 8 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142473 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2142473 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided for "a borrower with a XXXX to waive impounds" Determined non-material based on compensating factors (waived). | Waived | comp factors experienced fico XXXX reserves XXXX or more properties | 2 | 2 | 3 | 2 | ||||
| XXXX | 2142473 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided for "allow to cash in hand to exceed 100k with ltv over XXXX% for the fico under XXXX." Determined non-material based on compensating factors (waived). | Waived | comp factors reserves XXXX or more properties fico XXXX | 2 | 2 | 3 | 2 | ||||
| XXXX | 2142473 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142473 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2128073 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2128073 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | The required background check for XXXX is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See the attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2128073 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Proof of EIN for XXXX is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See the attached EIN Rebuttal 2 (XX/XX/XXXX XX:XXPM) Request to revisit. XXXX is the sole member of XXXX with attached FEIN confirmation Rebuttal 3 (XX/XX/XXXX XX:XXPM) Please see the attached |
Response 1 (XX/XX/XXXX XX:XXPM) EIN provided is not for XXXX. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) The IRS EIN documentation received was for XXXX. The no hit search performed on XXXX is not documentation of the EIN. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
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| XXXX | 2128073 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133223 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2133223 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2133223 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139910 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139910 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139910 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2133219 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2133219 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2133219 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX supportive of value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2136047 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2136047 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2136047 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2136045 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2136045 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DTI - Exceeds Guidelines | XXXX | DTI of XXXX% at audit exceeds lenders final DTI of XXXX%and program maximum of XXXX%. The variance appears to be due to lender using monthly liability payments which are less than those reflected on the credit report. In addition it appears the lender did not properly calculate net rental income/ loss for each REO as that section in the final XXXX is simply blank where it should be reflecting a positive (income) negative (loss) or even “XXXX” if it’s a complete XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) We have been doing this type of calculation since we started doing bank statement loans for our flippers and RE investors. We take a larger expense factor to account for all of the mortgages on rental properties. We did this on XXXX purpose with no issues. This is the same program. We used a XXXX% expense factor that washes out the REO expenses & rents as they are run through the business. |
Response 1 (XX/XX/XXXX XX:XXPM) Using that method, the expense factor would be XXXX% due to income from real estate only. Including primary residence and subject negative rental the DTI would be XXXX%. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) For income solely from real estate investment, the expense ratio is XXXX%. Recalculated DTI XXXX%. (Resolved) |
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| XXXX | 2136045 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | A personal Guaranty is required from one or more owners representing a majority ownership interest and any individual whose assets were used to qualify for the loan. (XXXX% or more), The following are missing for XXXX XXXX) A limited application that includes their name, address, date of birth, social security number, and citizenship. XXXX) An authorization for a credit report and background report XXXX) Identification documentation must be provided as in a driver's license, passport, or similar | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) guarantor docs |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136045 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137488 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2137488 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137488 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports a appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2130364 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2130364 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Borrower 1 was XXXX%/XXXX% owner of the borrowing entity, XXXX XXXX, with a non-borrower, XXXX. Lender guidelines require a Personal Guaranty to be signed by one or more owners representing a majority ownership (XXXX%). The loan file contained the Guaranty for both guarantors. However, the loan file did not contain a XXXX) limited application that includes name, address, date of birth, social security number, and citizenship XXXX) authorization for credit report XXXX) background check XXXX) picture XXXX as a driver's license, passport, or similar for non-borrowing guarantor as required. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) guarantor docs |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2130364 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2126908 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Condo Rider is missing the 'condominium project known as' name. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) condo rider Rebuttal 2 (XX/XX/XXXX XX:XXPM) Docs uploaded. Rebuttal 3 (XX/XX/XXXX XX:XXPM) Please see attached recorded Mortgage correction removing the Condo Rider. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The Condo Rider provided was in the original loan file and is missing the name of the condo project. Please provide a completed XXXX for review. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2126908 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | The background check that includes a liens and judgments search for entity XXXX is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) background |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2126908 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139908 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139908 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow the loan amount of $XXXX. XXXX guidelines require a minimum loan amount of $XXXX. Determined non-material based on compensating factors (waived). | Waived | Compensating Factors: Payment history of 0x30x12, fico score is XXXX pints greater than the minimum fico score and has ten plus active tradelines with no derogatory credit. | 2 | 2 | 2 | 2 | ||||
| XXXX | 2139908 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a Field Review dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139912 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139912 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139912 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139914 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2139914 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Signature Discrepancy | XXXX | The borrower is an entity. The borrowers signature does not include the entity name or their title on the Note, PPP XXXX and Loan Agreement. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the attached |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139914 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Signature Discrepancy | XXXX | The borrower is an entity. The borrowers signature does not include the entity name or their title on the Mortgage and XXXX-XXXX Rider. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Corrected DOT-recorded |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139914 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139914 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139915 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139915 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139915 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139925 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139925 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139925 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142474 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Clear to Close indicates that a Prepayment Penalty applies to this loan, however there is no Prepayment Addendum to the Note. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached PPP addendum, this was uploaded on XXXX/XXXX, |
Response 1 (XX/XX/XXXX XX:XXAM) The Prepayment addendum has been provided and is sufficient to cure the exception. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142474 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2142474 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142474 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139926 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2139926 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. XXXX guidelines require seasoned assets for XXXX days and sourcing required. Lender approval showing assets coming from XXXX #XXXX. Need documentation of the final Hud-XXXX for assets to close this file Short Funds to Close $XXXX. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See the attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139926 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a Field Review dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139913 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139913 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139913 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139924 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139924 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139924 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a Field Review dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2128079 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2128079 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2128079 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139927 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139927 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139927 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2136049 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2136049 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided to proceed with XXXX of XXXX% on Rater/Term purchased less than XXXX months prior. Determined non-material based on compensating factors (waived). | Waived | Compensating Factors: DSCR greater than XXXX, Reserves exceed XXXX months. | 2 | 2 | 2 | 2 | ||||
| XXXX | 2136049 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137489 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2137489 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow the use of the higher of rents. Lease in file and XXXX months proof of rents billed and deposited into the XXXX account. XXXX guidelines lease may be used with XXXX months canceled checks to support the higher rent. Determined non-material based on compensating factors (waived). | Waived | Compensating Factors: DSCR XXXX, no mortgage lates and repeat XXXX client. | 2 | 2 | 2 | 2 | ||||
| XXXX | 2137489 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2128083 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs provided |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2128083 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2128083 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2136052 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136052 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136052 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2153535 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2153535 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file is missing the XX/XX/XXXX -XXXX/XXXX/XXXX statements forFound XXXX and the XX/XX/XXXX -XXXX/XXXX/XXXX statements for Found XXXX | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) used account XXXX from XXXX to XXXX and account XXXX from XXXX to XXXX. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153535 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137493 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2137493 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137493 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139928 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139928 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139928 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137490 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2137490 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | The loan file is missing the full background report to include a judgment and XXXX search for the borrowing entity. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) background |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2137490 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided to allow condo conversion. Determined non-material based on compensating factors (waived). | Waived | comp factors: dscr XXXX, experienced, XXXX | 2 | 2 | 3 | 2 | ||||
| XXXX | 2137490 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided to use short term rents from XXXX instead of STR Pro report. Determined non-material based on compensating factors (waived). | Waived | comp factors dscr XXXX, experienced str investor | 2 | 2 | 3 | 2 | ||||
| XXXX | 2137490 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139932 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2139932 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Name Discrepancy | XXXX | The borrowers name on XXXX has been listed as the individual (XXXX) and not the Entity (XXXX). | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) SEE ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139932 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The borrowers name on the Assignment of Leases and XXXX has been listed as the individual (XXXX) and not the Entity (XXXX). | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) SEE ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139932 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139932 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136055 | 1 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136055 | 2 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Missing required 1004 D | XXXX | The appraisal photos of the subject property reflect bars on some windows, but there are no appraiser comments regarding safety release latches/slides which are required or for the bars to be removed from all windows. Guidelines require a XXXXD completion report that the bars have been removed (or) comments on the current appraisal from the appraiser the safety latches/slides are present. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) appraisal with comment safety latches |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136055 | 3 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Other | XXXX | The appraisal for the XXXX unit property was included in the loan file but the photos for Unit XXXX could not be located, the appraiser also comments on the bottom of page XXXX of the report that access provided for XXXX of the XXXX units. Guidelines require interior photos on all units, please provide all interior photos for Unit XXXX. Additional conditions may apply. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) exception regarding interior pics |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating factors: Low LTV, XXXX+ mons PITI | 3 | 2 | 3 | 2 | ||
| XXXX | 2136055 | 4 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Other | XXXX | The loan file contains a lender exception to allow a transferred appraisal on a XXXX-XXXX unit property which requires management approval. Determined non-material based on compensating factors (waived). | Waived | Compensating factors: Low LTV, XXXX+ mons PITI | 2 | 2 | 3 | 2 | ||||
| XXXX | 2136055 | 5 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | Perthe guidelines, a background report including a liens and judgment search isrequired on the borrowing entity. The background check including a lien/judgment search could not be located for XXXX XXXX withing the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) background uploaded |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136055 | 6 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The loan file contains a lender exception to allow the hazard to have co-insurance which guidelines do not allow. Determined non-material based on compensating factors (waived). | Waived | Compensating factors: Low LTV, XXXX+ mons PITI | 2 | 2 | 3 | 2 | ||||
| XXXX | 2136055 | 7 of 7 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136053 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2136053 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2136053 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2136054 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2136054 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2136054 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2136057 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2136057 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2136057 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137497 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. The final printed HUD-XXXX was not signed by borrower. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The HUD provided is not signed by the borrower or Stamped as True and Certified. (XXXX) |
2 | 2 | 2 | 2 | |||
| XXXX | 2137497 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2137497 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137497 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137498 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The borrower did not initial Pg XXXX of the Mortgage. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Please see the attached |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137498 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137498 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139931 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139931 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided to proceed with the cash-out refi for property listed as rural. Determined non-material based on compensating factors (waived). | Waived | Compensating Factors: XXXX, LTV XXXX% | 2 | 2 | 2 | 2 | ||||
| XXXX | 2139931 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which support the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2136058 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 4 | 1 | |||
| XXXX | 2136058 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Bank Statements | XXXX | The loan file is missing XXXX consecutive months statements for XXXX verifying a minimum balance of at leas $XXXX | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the attached statement Rebuttal 2 (XX/XX/XXXX XX:XXAM) Request to XXXX funds to close per XXXX are $XXXX with required reserves are $XXXX totaling $XXXX. Borrower has sufficient funds without the XXXX from XXXX calculation. Crypto can be used for reserves if needed. |
Response 1 (XX/XX/XXXX XX:XXPM) Please clarify. The account is cryptocurrency. It appears an exception is required for cryptocurrency. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Explanation and documentation received is sufficient. (Resolved) |
4 | 1 | 4 | 1 | |||
| XXXX | 2136058 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value O | Cleared | 1 | 1 | 4 | 1 | |||||
| XXXX | 2136064 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2136064 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: The XXXX did not acknowledge whether the Loan Agreement was signed by 'physical presence' or 'online notarization'. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) see attached XXXX, the notary section is complete and signed by lender. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136064 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136064 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133202 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2133202 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2133202 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2136062 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. Rebuttal 2 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2136062 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The XXXX section is incomplete: the date is incorrect in the XXXX section. . | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136062 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136062 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136063 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2136063 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2136063 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137496 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137496 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | Per the guidelines a background report that includes a search for liens and judgments on the entity must be completed. The required background check for XXXX is missing from the loan file. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) background |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137496 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines the underwriter is to perform a Google search of the borrower and entity. The required google search for the borrower and entity are missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) google search |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137496 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144876 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144876 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144876 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136061 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2136061 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2136061 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139933 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139933 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139933 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139934 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139934 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The lender provided an exception to allow for a XXXX for the non-borrowing guarantor. Considered non-material based on compensating factors (waived) | Waived | Compensating factors: XXXX XXXX reserves, low LTV | 2 | 2 | 2 | 2 | ||||
| XXXX | 2139934 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142471 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142471 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142471 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda datedXX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142476 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete:The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142476 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142476 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137495 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2137495 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137495 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139935 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2139935 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines the underwriter is to perform a Google search of borrower and entity. The XXXX search for both borrower and entity XXXX is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) google search Rebuttal 2 (XX/XX/XXXX XX:XXPM) borrower google search uploaded |
Response 1 (XX/XX/XXXX XX:XXPM) XXXX was not searched. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139935 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2130387 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2130387 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2130387 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139938 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139938 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139938 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139938 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2136068 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2136068 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow a borrower with a XXXX-fico score to finance to an LTV of XXXX%. XXXX guidelines DSCR cashout refinance transaction with an LTV greater than XXXX% requires a borrower to have a fico XXXX plus. Determined non-material based on compensating factors (waived). | Waived | Compensating Factors: Borrower has a XXXX plus year credit history, borrower is an experienced investor managing three rental properties and will have XXXX months’ excess reserves. | 2 | 2 | 2 | 2 | ||||
| XXXX | 2136068 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142477 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2142477 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2142477 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139909 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139909 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139909 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144879 | 1 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: The Note was executed by an entity, but the entity documents are not executed. Unable to determine if signatures on mortgage are accurate. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) SIGNED OA ATTACHED. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144879 | 2 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Signature Discrepancy | XXXX | The borrower is an entity. The borrowers name on XXXX and PPP XXXX does not include their title or include 'By' bringing this to a EV2 exception. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144879 | 3 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Signature Discrepancy | XXXX | The borrower is an entity. The borrowers name on the XXXX does not include their title, however, the entity name and 'By' is included bringing this to an EV2 exception. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144879 | 4 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Mortgage was executed by an entity, but the entity documents are not executed. Unable to determine if signatures on mortgage are accurate. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) SIGNED OA ATTACHED. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144879 | 5 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Signature Discrepancy | XXXX | The borrower is an entity. The borrowers name on the Mortgage and XXXX-XXXX Rider does not include their title, however, the entity name and 'By' is included bringing this to an EV2 exception. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144879 | 6 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. The subject loan was delivered a XXXX% LTV cash out refinance with a qualifying XXXX. Lender guidelines require an Automatic Payment Authorization (ACH) Form to be included in the loan file for a cashout refinance transactions with a qualifying score of less than XXXX, and the loan file did not contain the required AVHC form filled out and signed/dated by borrower as required. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) SEE ATTACHED ACH |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144879 | 7 of 7 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Documentation uploaded. Rebuttal 2 (XX/XX/XXXX XX:XXPM) SEE ATTACHED CDA |
Response 1 (XX/XX/XXXX XX:XXAM) Upon further review, a CDA is required on cash-out refinances. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
1 | 1 | 3 | 2 | |||
| XXXX | 2136067 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2136067 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2136067 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144882 | 1 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: The Note was executed by an entity, but the entity documents are not executed. Unable to determine if signatures on note are accurate. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) SEE ATTACHED SIGNED OA |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144882 | 2 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Signature Discrepancy | XXXX | The borrower is an entity. The borrowers name on the Loan Agreement does not include their title or 'By' bringing this to an EV2 exception. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144882 | 3 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Signature Discrepancy | XXXX | The borrower is an entity. The borrowers name on the Note and PPP does not include their title, however the entity name and 'By' is included bringing this to an EV2 exception. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144882 | 4 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Mortgage was executed by an entity, but the entity documents are not executed. Unable to determine if signatures on mortgage are accurate. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) SEE ATTACHED SIGNED OA |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144882 | 5 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Signature Discrepancy | XXXX | The borrower is an entity. The borrowers name on the Mortgage and XXXX-XXXX Rider does not include their title, however the entity name and 'By' is included bringing this to an EV2 exception. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144882 | 6 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. The subject loan was delivered a XXXX% LTV cash out refinance with a qualifying XXXX. Lender guidelines require an Automatic Payment Authorization (ACH) Form to be included in the loan file for a cashout refinance transaction with a qualifying score of less than XXXX, and the loan file did not contain the required ACH form filled out and signed/dated by borrower as required. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) SEE ATTACHED ACH |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144882 | 7 of 7 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Escalated. Rebuttal 2 (XX/XX/XXXX XX:XXAM) SEE ATTACHED CDA |
Response 1 (XX/XX/XXXX XX:XXAM) Upon further review, a CDA is required on cash-out refinanced. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
1 | 1 | 3 | 2 | |||
| XXXX | 2144885 | 1 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: The Note was executed by an entity, but the entity documents are not executed. Unable to determine if signatures on mortgage are accurate. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) SEE ATTACHED SIGNED OA |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144885 | 2 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Signature Discrepancy | XXXX | The borrower is an entity. The borrowers name on XXXX and PPP does not include their title or "By' bringing this to an EV2 exception. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144885 | 3 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Signature Discrepancy | XXXX | The borrower is an entity. The borrowers name on the XXXX does not include their title, however the entity name and 'By' is included bringing this to an EV2 exception. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144885 | 4 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Mortgage was executed by an entity, but the entity documents are not executed. Unable to determine if signatures on mortgage are accurate. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) SEE ATTACHED SIGNED OA |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144885 | 5 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Signature Discrepancy | XXXX | The borrower is an entity. The borrowers name on the Mortgage and XXXX-XXXX Rider does not include their title, however the entity name and 'By' is included bringing this to an EV2 exception. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144885 | 6 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. The subject loan was delivered a XXXX% LTV cash out refinance with a qualifying XXXX. Lender guidelines require an Automatic Payment Authorization (ACH) Form to be included in the loan file for a cashout refinance transaction with a qualifying score of less than XXXX, and the loan file did not contain the required ACH form filled out and signed/dated by borrower as required. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) SEE ATTAHED ACH. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144885 | 7 of 7 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Escalated. Rebuttal 2 (XX/XX/XXXX XX:XXAM) SEE ATTACHED CDA |
Response 1 (XX/XX/XXXX XX:XXAM) Upon further review, a CDA is required on cash-out refinances. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
1 | 1 | 3 | 2 | |||
| XXXX | 2144883 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2144883 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided to allow condo conversion from apartments to condos and fully stable per management. Determined non-material based on compensating factors (waived). | Waived | Response 1 (XX/XX/XXXX XX:XXPM) XXXX non-material based on compensating factors. |
Compensating factors: XXXX, DSCR over XXXX. | 2 | 2 | 2 | 2 | |||
| XXXX | 2144883 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139936 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2139936 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow XXXX% of the calculated rent from the XXXX report instead of only XXXX% as guidelines require. Determined non-material based on compensating factors (waived). | Waived | Compensating factors: FICO XXXX points greater than min req, 0x30 XXXX mons VOM | 2 | 2 | 2 | 2 | ||||
| XXXX | 2139936 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139941 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139941 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139941 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137502 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2137502 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2137502 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137502 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144880 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2144880 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines the underwriter is to perform a google search of the borrowers and entity. The loan file is missing the google searches for each borrower and entity XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) google search borrowers and business |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144880 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided to allow refinance for property listed as rural. Determined non-material based on compensating factors (waived). | Waived | Compensating Factors: Experienced Investors, Favorable DSCR greater than XXXX | 2 | 2 | 3 | 2 | ||||
| XXXX | 2144880 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142478 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2142478 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow financing for a property marked to be in a rural area. XXXX guidelines rural property types are ineligible and require management review and approval. Determined non-material based on compensating factors (waived). | Waived | Compensating Factor: XXXX score XXXX, DTI less than XXXX percent, borrower will qualify without the use of income derived from the subject property. | 2 | 2 | 2 | 2 | ||||
| XXXX | 2142478 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow the borrower to proceed without having a previous history of owning and managing another rental within XXXX miles of there primary residence. XXXX guidelines a rental in close proximity to their primary residence are subject to the following XXXX) borrower must have a long-term lease agreement with current landlord and provide XXXX months verification of rental payments and XXXX) have a history of owning at least one rental property in the last XXXX months within XXXX miles of the primary residence. Determined non-material based on compensating factors (waived). | Waived | Compensating Factor: XXXX score XXXX, DTI less than XXXX percent, borrower will qualify without the use of income derived from the subject property. | 2 | 2 | 2 | 2 | ||||
| XXXX | 2142478 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144886 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Incomplete | XXXX | The settlement statement is incomplete. Page XXXX Signature Page is missing. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2144886 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2144886 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2144886 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144886 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2136070 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2136070 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2136070 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2142466 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142466 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142466 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137501 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2137501 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137501 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2136072 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2136072 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2136072 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137503 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2137503 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | Perthe guidelines, a background report including a liens and judgments search isrequired on the borrowing entity. The loan file contained a background checkwith status, but the background including the liens and judgments was notlocated within the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) background check |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137503 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142479 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142479 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142479 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139944 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. The HUD-XXXX was not signed, marked as Final, and/or stamped as certified true and accurate. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is not sufficient to clear the finding. The HUD provided was in the original loan file and is not signed or marked as True and Certified. (Acknowledged) |
2 | 2 | 3 | 2 | |||
| XXXX | 2139944 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2139944 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | The background check for XXXX is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139944 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139939 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139939 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139939 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142475 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following sections of the note are incomplete: The Loan Agreement addendum is missing the lenders signature. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142475 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142475 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value and CU score XXXX. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137500 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2137500 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137500 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137505 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2137505 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137505 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137507 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137507 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137507 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136076 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2136076 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Other | XXXX | XXXX appraisal was transferred from XXXX. Per the guidelines, a transfer letter prepared on letterhead of the original lender is required but could not be located within the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) transfer letter |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136076 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow financing on a single family residence less than XXXX square feet at XXXX square feet total. Determined non-material based on compensating factors (waived). | Waived | Compensating factors: XXXX+ mons reserves, Impounds w/ PPP | 2 | 2 | 3 | 2 | ||||
| XXXX | 2136076 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142481 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142481 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142481 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Condo - Other | XXXX | Lender exception provided to allow financing of subject while currently involved in a litigation. XXXX non material based on compensating factors (waived). | Waived | Compensating factors: XXXX, experienced investor, | 2 | 2 | 2 | 2 | ||||
| XXXX | 2142481 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Condo - Other | XXXX | Lender exception provided to allow non warrantable condo with greater than XXXX% of its units XXXX days delinquent in HOA dues. XXXX non material based on compensating factors (waived). | Waived | Compensating factors: XXXX, experienced investor, XXXX DSCR. | 2 | 2 | 2 | 2 | ||||
| XXXX | 2142481 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX supportive of value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142484 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142484 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142484 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142483 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142483 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142483 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139943 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreementwas not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) DOos uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2139943 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment amount that does not conform to the State Regulations where the property is located. The state of (XXXX) allows for a maximum prepayment penalty amount of (XXXX Months), the loan has a prepayment penalty amount of (XXXX Months). The loan fails the prepayment test by (XXXX Months). | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139943 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139943 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137508 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2137508 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | The loan file is missing the required background check for XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137508 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | A personal Guaranty is required from one or more owners representing a majority ownership interest and any individual whose assets were used to qualify for the loan. (XXXX% or more). The following are missing for XXXX XXXX) A limited application that includes their name, address, date of birth, social security number, and citizenship. XXXX) An authorization for a credit report and background report. XXXX) Identification documentation must be provided as in a driver's license, passport, or similar | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137508 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2156406 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2156406 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2156406 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136073 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2136073 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: The Loan Agreement is missing Exhibits A, B, and C. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the exhibits |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136073 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception for a non-warrantable condo commercial space is XXXX% or less per appraisal. Determined non-material based on compensating factors (waived). | Waived | Compensating Factors: XXXX score XXXX, assets exceeds required reserves by XXXX months, borrower has lived in primary residence for XXXX plus years. | 2 | 2 | 3 | 2 | ||||
| XXXX | 2136073 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception for XXXX property is litigation but not for construction or structural for parking and stormwater. Determined non-material based on compensating factors (waived). | Waived | Compensating Factors: XXXX score XXXX, assets exceed required reserves by XXXX months, borrower has lived in primary residence for XXXX plus years. | 2 | 2 | 3 | 2 | ||||
| XXXX | 2136073 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142482 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) Response 2 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2142482 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2142482 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139942 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2139942 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | Per the guidelines the Entity Certificate/Articles of Organization must be provided. The required documents for entity XXXX is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) articles |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139942 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines an ACH form for cash-out refinances with a qualifying FICO below XXXX is required. The completed ACH form is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ACH |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139942 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines the UW is to perform a google search of the borrower and entity. The required google searches for both borrower and entity are missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) google search for entity and borrower |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139942 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139945 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) DOos uploaded. Rebuttal 2 (XX/XX/XXXX XX:XXAM) DOos uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2139945 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139945 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139947 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2139947 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Borrower 1 was XXXX%/XXXX% owner of the borrowing entity, XXXX, with a non-borrower, XXXX. Lender guidelines require a Personal Guaranty to be signed by one or more owners representing a majority ownership (XXXX%). The loan file contained the Guaranty for both guarantors. However, the loan file did not contain a XXXX) limited application that includes name, address, date of birth, social security number, and citizenship XXXX) authorization for credit report XXXX) and background check for the non-borrowing guarantor as required. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139947 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136077 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2136077 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided to allow cash-out refi for MLS listing removed less than XXXX days from the note date. Determined non-material based on compensating factors (waived). | Waived | XXXX. XXXX% LTV. Experienced Investor. XXXX DSCR. | 2 | 2 | 2 | 2 | ||||
| XXXX | 2136077 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144891 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) DOos uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2144891 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144891 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137506 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2137506 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow for a credit report to be valid for XXXX days. XXXX guidelines state that credit reports are only valid for XXXX days. Determined non-material based on compensating factors (waived). | Waived | Compensating Factors: Years at present address XXXX years, DSCR greater than XXXX, borrower is an experienced investor with at least four investment properties. | 2 | 2 | 2 | 2 | ||||
| XXXX | 2137506 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137511 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2137511 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided for "to proceeds to use expired credit report and extend thru march XXXX" Determined non-material based on compensating factors (waived). | Waived | comp factors FICO 711 Payment history dscr XXXX | 2 | 2 | 2 | 2 | ||||
| XXXX | 2137511 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137513 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2137513 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The lender provided and exception to allow for an expired credit report at closing. Considered non-material based on compensating factors (waived). | Waived | Compensating Factors: XXXX, XXXX XXXX reserves | 2 | 2 | 2 | 2 | ||||
| XXXX | 2137513 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139950 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139950 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139950 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137512 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2137512 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided to allow rent free living within XXXX miles of subject property. Determined non-material based on compensating factors (waived). | Waived | comp factors: repeat client, XXXX, experienced investor. | 2 | 2 | 2 | 2 | ||||
| XXXX | 2137512 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139949 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2139949 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139949 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139948 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2139948 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | According to guidelines all guarantors are required to provide a limited application which includes the name, address, date of birth, Social Security Number, and citizenship, authorization for a credit report and background report, with credit scores meeting the minimum qualifying score, and Identification documentation such as a credit report or passport for all guarantors. The loan file did not contain any of the required documentation for the non-borrowing guarantor, XXXX | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See the attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) See the attached |
Response 1 (XX/XX/XXXX XX:XXPM) Please provide the No Hit results. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139948 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136078 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2136078 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The XXXX did not acknowledge if the borrower was 'personally known to them' or 'if the borrower produced identification.' | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136078 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136078 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139946 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139946 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139946 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142480 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142480 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142480 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139952 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139952 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139952 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142487 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142487 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided for "allow to accept appraisal with a rural property ." Determined non-material based on compensating factors (waived). | Waived | comp factors : XXXX excessive reserves years at current address | 2 | 2 | 2 | 2 | ||||
| XXXX | 2142487 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142489 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142489 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided for "appraisal in rural area." Determined non-material based on compensating factors (waived). | Waived | comp factors: XXXX large reserves and experienced | 2 | 2 | 2 | 2 | ||||
| XXXX | 2142489 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. the loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2153489 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2153489 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2153489 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2142488 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2142488 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2142488 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139954 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139954 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139954 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139956 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2139956 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139956 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139951 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2139951 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139951 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2136079 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2136079 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow financing on a rural property, which guidelines prohibit. Determined non-material based on compensating factors (waived). | Waived | Compensating factors: DSCR >XXXX, Reserves XXXX+ mons | 2 | 2 | 2 | 2 | ||||
| XXXX | 2136079 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144890 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The HUD provided was in the original loan file and cannot be determined to be final. Please provide an executed HUD or stamped as True and Certified. (Acknowledged) |
2 | 2 | 2 | 2 | |||
| XXXX | 2144890 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2144890 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144890 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142485 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2142485 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2142485 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137516 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137516 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137516 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144888 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2144888 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The borrower is living rent free with mother and the subject property is less than XXXX miles from primary. According to guidelines purchase transactions are not eligible when the borrower is living rent free and the subject property is within XXXX miles of primary residence. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX% LTV. Experienced Investor. XXXX months of reserves. | 3 | 2 | 3 | 2 | ||
| XXXX | 2144888 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144889 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2144889 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144889 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2142493 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142493 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142493 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144893 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2144893 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144893 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142492 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2142492 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2142492 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2142494 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2142494 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Borrower 1 was XXXX%/XXXX% Owner of the borrowing entity, XXXX, with a non-borrower, XXXX. Lender guidelines require Personal Guaranty to be signed by one or more owners representing a majority ownership (XXXX%). However, the loan file did not contain a XXXX) limited application that includes name, address, date of birth, social security number and citizenship XXXX) authorization for credit report XXXX) background check as required. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142494 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139953 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2139953 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: The Loan Agreement is missing the Table of Contents and Pg XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) table of XXXX |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139953 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Pages XXXX and XXXX are missing from the Loan File. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) pg XXXX qnd XXXX of mortgage.pdf |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139953 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139953 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144898 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | Response 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. Response 2 (XX/XX/XXXX XX:XXPM) The HUD provided is not signed by the borrowers or stamp True and Certified; unable to determine if the HUD is Final. (Acknowledged) |
2 | 2 | 2 | 2 | ||||
| XXXX | 2144898 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2144898 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144898 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137515 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2137515 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137515 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137523 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2137523 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137523 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139961 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2139961 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | According to guidelines all guarantors arerequired to provide a limited application which includes the name, address,date of birth, Social Security Number, and citizenship, authorization for acredit report and background report, with credit scores meeting the minimumqualifying score, and Identification documentation such as a driver's XXXX passport for all guarantors. The loan file did not contain any of therequired documentation for the non-borrowing guarantor, XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) guarantor docs |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139961 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided for " allow a XXXX day extension for the credit report has expired on XX/XX/XXXX." Determined non-material based on compensating factors (waived). | Waived | comp factors XXXX experienced DSCR XXXX | 2 | 2 | 3 | 2 | ||||
| XXXX | 2139961 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139959 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. Rebuttal 2 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2139959 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139959 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX that supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137522 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2137522 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Minimum Reserves | XXXX | Assets were required in the amount of $XXXX ($XXXX funds due at closing + $XXXX reserves). Assets were verified in the amount of $XXXX (XXXX savings $XXXX + XXXX checking $XXXX + $XXXX EMD verified via XXXX) resulting in short reserves in the amount of $XXXX. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the attached exception. |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Experienced Investor. XXXX DSCR. XXXX% LTV. | 3 | 2 | 3 | 2 | ||
| XXXX | 2137522 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142491 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. Rebuttal 2 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2142491 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: The Note is missing Pg XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) p3 attached |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142491 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines guarantors are required to complete a limited application that includes their name, address, date of birth, social security number and citizenship. Guarantors must provide authorization to pull credit report background report along with providing identification such as a driver's license or passport. The required documents for guarantor XXXX is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142491 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines the underwriter is to perform a google search of the borrower and entity. The loan file is missing the required google searches for both the borrower and entity. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142491 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided to proceed with Operating Agreement addendum showing XXXX/XXXX ownership and removal of a non-active business after the application date. Determined non-material based on compensating factors (waived). | Waived | Compensating Factors: Favorable DSCR greater than XXXX%, Cash back reserves greater than XXXX months. | 2 | 2 | 3 | 2 | ||||
| XXXX | 2142491 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2153488 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term does not conform to the State Regulations where the property is located. The state of XXXX allows for XXXX% prepayment penalty with a maximum XXXX prepayment term, the loan has a XXXX% prepayment penalty with a XXXX prepayment term. The loan fails the prepayment test by XXXX%. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2153488 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided for " allow for escrow holdback $XXXX for stove to be installed "Determined non-material based on compensating factors (waived). | Waived | Response 1 (XX/XX/XXXX XX:XXPM) Determined non-material based on compensating factors (waived). |
comp factors fico XXXX dscr XXXX | 2 | 2 | 2 | 2 | |||
| XXXX | 2153488 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139962 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139962 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139962 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142490 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2142490 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Other | XXXX | There are additional asset findings. The loan file is short of assets to close. The loan is using XXXX withdrew from heloc loan. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Documentation |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142490 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided for "allow entity to each have XXXX% ownership of entity" Determined non-material based on compensating factors (waived). | Waived | comp factors XXXX DSCR XXXX | 2 | 2 | 3 | 2 | ||||
| XXXX | 2142490 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided for "first time investor to finance purchase with XXXX% LTV" Determined non-material based on compensating factors (waived). | Waived | comp factors XXXX DSCR XXXX | 2 | 2 | 3 | 2 | ||||
| XXXX | 2142490 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139960 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139960 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139960 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142497 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142497 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142497 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137524 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2137524 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137524 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2153487 | 1 of 10 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance Finding - Missing Business Purpose Documentation | XXXX | There are additional XXXX. Missing the following Business purpose documentation: A cash-out letter is missing. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) BP cert |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153487 | 2 of 10 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The loan agreement is missing pages. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) all pages of loan agreement |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153487 | 3 of 10 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The Vested Interest on the Security Instrument cannot be verified as accurate due to Title Commitment missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) title prelim |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153487 | 4 of 10 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - Other | XXXX | Guidelines require a XXXX month payment history reflecting a maximum of 1x30 for the subject property mortgages listed on the final HUD-XXXX; XXXX for the XXXXst lien, and XXXX for the 2nd lien. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX and regarding XXXX |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153487 | 5 of 10 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - Other | XXXX | The payoffs for the XXXXst (first) XXXX with XXXX or the XXXXnd (second) XXXX with XXXX on the subject property could not be located within the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) payoffs XXXX and XXXX |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153487 | 6 of 10 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guidelines state if the borrower is currently living rent free, verification of the lease with verification of XXXX months rent paid to the borrower is required but the subject property is vacant per the appraisal so verification of XXXX months rent paid to the borrower cannot be verified. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Escalated. |
Response 1 (XX/XX/XXXX XX:XXPM) Borrower can live rent free when the subject property is vacant as long as the borrower does not live XXXX miles or less from the subject. Property is in XXXX. Borrower lives in XXXX. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153487 | 7 of 10 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The current hazard insurance policy on the subject property with sufficient coverage/replacement cost, and deductibles could not be located within the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) eoi |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153487 | 8 of 10 | XXXX | XXXX | XXXX | XXXX | Credit | Title Report - Lien Position | XXXX | The preliminary or final title reports could not be located within the loan file to verify the liens/ownership of the subject property, and that XXXX will remain in 1st (first) XXXX position. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) title prelim |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153487 | 9 of 10 | XXXX | XXXX | XXXX | XXXX | Credit | Verification Documentation - VOR | XXXX | Per the initial XXXX the borrower is living rent free at XXXX Orlando, XXXX XXXX but the rent free letter with verification no ownership could not be located within the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Rent free letter. Rebuttal 2 (XX/XX/XXXX XX:XXPM) Escalated. |
Response 1 (XX/XX/XXXX XX:XXPM) Rent free letter must be written by the responsible renter or owner of the property where the borrower lives rent free, as opposed to the actual borrower. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Borrower resides with domestic partner. Documentation is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153487 | 10 of 10 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142498 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) DOos uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2142498 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The notary did not acknowledge if the signee was 'personally know to them' or 'produced identification.' | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See the attached |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142498 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The loan file contains a lender exception to allow the hazard insurance to have a shortage of the required XXXX months, the borrower is short by $XXXX using seasoned funds to cover the remainder. Determined non-material based on compensating factors (waived). | Waived | Compensating factors: DCSR >XXXX, XXXX+ mons PITI | 2 | 2 | 3 | 2 | ||||
| XXXX | 2142498 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144897 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) DOcs uplaoded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2144897 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The XXXX did not add their stamp or complete the notary section of the Mortgage/Deed of Trust pg XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the attached |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144897 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guidelines state if the lease agreement(s) reflect higher rents than the form XXXX or Form XXXX, the lease amount can be used if with XXXX% tolerance And verification of XXXX months' rent paid to the borrower. Required for all three (XXXX) leases at $XXXX, $XXXX, and $XXXX totaling $XXXX but verification could not be located within the loan file. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please see the attached |
Response 1 (XX/XX/XXXX XX:XXAM) XXXX case or worst case rent, the DSCR is within guides. (Void) |
1 | 1 | 3 | 1 | |||
| XXXX | 2144897 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144878 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: The Note Pg XXXX is missing the borrowers initial. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144878 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided to allow the acceptance of transferred appraisal for a XXXX unit property. Determined non-material based on compensating factors (waived). | Waived | Compensating Factors: Experienced Investor, Favorable DSCR greater than XXXX% | 2 | 2 | 3 | 2 | ||||
| XXXX | 2144878 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142495 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142495 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142495 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144895 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144895 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144895 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX which supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137520 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2137520 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137520 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139957 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139957 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139957 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139919 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2139919 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139919 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137521 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2137521 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2137521 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144896 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2144896 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Borrower purchased subject property on XX/XX/XXXX for $XXXX; and has owned subject property less than XXXX months at the time of closing on XX/XX/XXXX. A cash out refi for a property owned greater than XXXX months but less than XXXX months is allowed with certain conditions. Per the guidelines the loan amount cannot exceed the total cost of the property (purchase price, settlement cost and any improvements made after purchase). The loan file is missing the purchase final HUD and renovation budget which is required to determine to determine the eligible cash-out loan amount. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs were signed on XX/XX/XXXX on All docs. XXXX signed docs after XXXX months on XX/XX/XXXX. Rebuttal 2 (XX/XX/XXXX XX:XXAM) Escalated. |
Response 1 (XX/XX/XXXX XX:XXAM) The date is XX/XX/XXXX. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) The Note was executed on XX/XX/XXXX, but the Mortgage was executed on XX/XX/XXXX , which would support the required timeframe. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144896 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines the underwriter is to perform a Google search of borrower and entity. The loan file is missing the Google searches for the borrower and entity XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) google search |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144896 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139917 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139917 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139917 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file has a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137528 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2137528 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file is missing proof that “XXXX” is currently active and in good standing | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2137528 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The lender provided an exception to allow XXXX% seller concessions. Considered non-material based on compensating factors (waived). | Waived | Compensating factors: XXXX, XXXX mos reserves | 2 | 2 | 3 | 2 | ||||
| XXXX | 2137528 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137527 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2137527 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Contract - Concessions | XXXX | Total seller concessions of $XXXX exceed XXXX seller concessions allow per program guidelines of $XXXX (XXXX% of purchase price). LTV cannot be increased to compensate as LTV is at the program maximum. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please see attached exception allowing all XXXX XXXX files to allow up to XXXX% XXXX seller credit |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
XXXX. XXXX% DTI. XXXX months of reserves. | 3 | 2 | 3 | 2 | ||
| XXXX | 2137527 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The loan file is missing verification of the new debt with XXXX for $XXXX and a monthly payment of $XXXX | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2137527 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file is missing proof that XXXX is currently active and in good standing | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2137527 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137529 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2137529 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file is missing verification of the new debt with XXXX for $XXXX and a monthly payment of $XXXX | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2137529 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The lender provided an exception to allow XXXX% seller concessions. Considered non-material based on compensating factors (waived). | Waived | Compensating factors: XXXX mos reserves, XXXX | 2 | 2 | 3 | 2 | ||||
| XXXX | 2137529 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137526 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2137526 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The loan file is missing verification of the new debt with XXXX or $XXXX and a monthly payment of $XXXX | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2137526 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The lender provided an exception to allow XXXX% seller concessions. Considered non-material based on compensating factors (waived). | Waived | Compensating factors: XXXX mos reserves, XXXX | 2 | 2 | 3 | 2 | ||||
| XXXX | 2137526 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137525 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2137525 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The loan file is missing verification of the new debt with XXXX for $XXXX and a monthly payment of $XXXX | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2137525 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The lender provided an exception to allow XXXX% seller concessions. Considered non-material based on compensating factors (waived). | Waived | Compensating factors: XXXX mos reserves, XXXX | 2 | 2 | 3 | 2 | ||||
| XXXX | 2137525 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144894 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2144894 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144894 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144905 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the Settlement statement provided in the loan file was the FINAL binding Settlement statement, as it was not signed, stamped or certified. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The HUD provided was not executed by the borrowers or stamped as True and Certified; unable to determine if the HUD is Final. (XXXX) |
2 | 2 | 2 | 2 | |||
| XXXX | 2144905 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2144905 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan has a prepayment term. (XXXX. Comp. XXXX §438.31c(XXXX)(c) Under XXXX. Comp. XXXX §438.31c(XXXX)(c), a loan secured by a single-family dwelling unit shall not charge a prepayment fee or penalty in excess of XXXX% of the amount of any prepayment made within XXXX years of the date of the loan, or any prepayment fee or penalty at all thereafter, or prohibit prepayment at any time. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2144905 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144905 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144903 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. Rebuttal 2 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2144903 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | Under XXXX. Comp. XXXX §438.31c(XXXX)(c), a loan secured by a single-family dwelling unit shall not charge a prepayment feeor penalty in excess of XXXX% of the amount of any prepayment made within XXXX years of the date of the loan, or any prepayment fee orpenalty at all thereafter, or prohibit prepayment at any time. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2144903 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144903 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139920 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2139920 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | Missing background check per guidelines for XXXX | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please see the attached background report |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139920 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139923 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139923 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139923 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan files contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142496 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2142496 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: The notary did not acknowledge if the signee was personally known to them or provided evidence to be the person who appeared before them. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) they all show that the person appeared before them. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2142496 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Bank Statements | XXXX | All pages of the XXXX checking account statements could not be located within the loan file, all pages of the documents are required. Account ending in XXXX XXXX-XXXX of XXXX for XX/XX/XXXX; Accounts ending in XXXX and XXXX (Both on XXXX statement) XXXX-XXXX of XXXX for XX/XX/XXXX. Please provide all pages listed. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) all pages of bank statements for the mentioned accounts |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
4 | 1 | 3 | 1 | |||
| XXXX | 2142496 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139964 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139964 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Report - Other | XXXX | XXXX provided for "The Borrower's XXXX XXXX is < XXXX program minimum required." ?Determined non-material based on compensating factors (waived). | Waived | Compensating Factors: Residual monthly Income $XXXX, LTV XXXX% < Program XXXX, XXXX months PITI Reserves | 3 | 2 | 3 | 2 | ||||
| XXXX | 2139964 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144866 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144866 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Other | XXXX | The subject appraisal is in the name of XXXX. guidelines require a transfer letter prepared on letterhead of the original lender but could not be located within the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144866 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The borrower is currently living rent free, per the guidelines the subject property cannot be within XXXX miles of the primary residence, but the subject is XXXX miles from the primary residence. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the attached exception |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
XXXX. XXXX% LTV. Experienced Investor. | 3 | 2 | 3 | 2 | ||
| XXXX | 2144866 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144901 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144901 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144901 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142503 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142503 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142503 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. The loan file also contained a CDA dated XX/XX/XXXX that supported the value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144906 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Exhibit B of the loan agreement was not dated. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) exhibit B uploaded |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144906 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2144906 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144906 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144902 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: the loan agreement addendum is missing the lenders signature. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144902 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | Missing background check per guidelines. The background report for the borrowing entity XXXX is missing from the loan file. Although the entity newly established, evidence of an attempt of background check was not present in the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) llc background |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144902 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139965 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139965 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139965 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2153485 | 1 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2153485 | 2 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD - Loan Information/Loan Type | XXXX | The CD issued on XX/XX/XXXX does not reflect the correct Loan Type. The Loan Type is reflected as Other; however it should be Conventional. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(5)(iv) | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2153485 | 3 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Initial LE/Delivery Date (from application) | XXXX | The loan failed the Initial Loan Estimate delivery date test (from application). The Initial LE issued on XX/XX/XXXX was not disclosed within XXXX days of the application date, XX/XX/XXXX. Truth in XXXX (Regulation Z) 12 CFR 1026.19(e)(1)(iii)(A) | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See the attached XXXX LE |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2153485 | 4 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (Disclosure Timing Fail) | XXXX | The loan failed the charges that cannot increase test. Because the loan failed the Initial LE date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following additions/increases: Loan Discount Points $XXXX, Origination Fee $XXXX, Broker Fee $XXXX, XXXX $XXXX, Credit Report Fee $XXXX, and Third Party Processing Fee $XXXX. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2153485 | 5 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (Disclosure Timing Fail) | XXXX | The loan failed the charges that cannot increase test. Because the loan failed the Initial LE date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following additions/increases: Title - E-Recording Service Fee $XXXX, Title - Lender's Title Insurance $XXXX, Title - Notary Fee $XXXX and Title - Settlement Fee $XXXX. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2153485 | 6 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The lender provided an exception to allow for a rural property. Considered non-material based on compensating factors (waived). | Waived | Response 1 (XX/XX/XXXX XX:XXPM) Considered non-material based on compensating factors (waived). |
Compensating factors: Low LTV, XXXX mos reserves | 2 | 2 | 3 | 2 | |||
| XXXX | 2153485 | 7 of 7 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144904 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2144904 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow a borrower to live rent free and the subject is vacant which guidelines will not allow. Determined non-material based on compensating factors (waived). | Waived | Compensating factors: XXXX+ mons XXXX, DSCR >XXXX | 2 | 2 | 2 | 2 | ||||
| XXXX | 2144904 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139966 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2139966 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139966 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144907 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144907 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | Per the guidelines, a background report including a liens and judgments search is required on the borrowing entity. The background report verifying no liens/judgments was not located within the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) SEE ATTACHED. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144907 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The appraisal reflects the subject is a XXXX-unit owner occupied property but XXXX% of the market rent of $XXXX was used to calculate the DSCR. There was no VOR or verification of rental payments made to verify the borrower rents at XXXX as the XXXX reflects. Being that the subject is XXXX% owner occupied only XXXX% of the market rent can be used to qualify at $XXXX a month. This causes the DSCR calculation to go to XXXX which is lower than the minimum required of at least XXXX. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) TEAM-SUBJECT PROPERTY ADDRESS IS XXXX-XXXX- THE XXXX IS CURRENT ADDRESS- PLEASE REVIEW AND ADVISE Rebuttal 2 (XX/XX/XXXX XX:XXAM) SEE ATTACHED |
Response 1 (XX/XX/XXXX XX:XXAM) Please provide the VOR for XXXX. In addition, please have the occupancy corrected. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144907 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2156391 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2156391 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2156391 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2153482 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2153482 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2153482 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144913 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2144913 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144913 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2153445 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2153445 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2153445 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142500 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2142500 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Borrower 1 was XXXX%/XXXX% owner of the borrowing entity, XXXX, with a non-borrower, XXXX f/k/a XXXX. Lender guidelines require a Personal Guaranty to be signed by one or more owners representing a majority ownership XXXX%XXXX%). The loan file contained the signed XXXX by both guarantors as required. However, the loan file did not contain a XXXX) limited application that includes name, address, date of birth, social security number, and citizenship XXXX) authorization for credit report XXXX) background check XXXX) picture XXXX as a driver's license, passport, or similar for the non-borrowing guarantor as required. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Please provide the No-Hit results. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142500 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file appraisal shows trend of declining property values. XXXX guidelines for declining markets, if appraiser defines the subject property market trend as a "Declining Market," then reduce the credit matrix XXXX by XXXX%. The maximum LTV for a cashout refinance with a fico XXXX is XXXX% therefore the LTV should be reduced by XXXX% and subject property LTV would be XXXX% maximum. Additional conditions may apply. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX. XXXX XXXX. XXXX months of reserves. | 3 | 2 | 3 | 2 | ||
| XXXX | 2142500 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144908 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2144908 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144908 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139921 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2139921 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2139921 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2142501 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142501 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The subject loan closed in the name of an entity that has XXXX members. The borrower having XXXX% interest and the other entity member having XXXX% interest. Per the guidelines, when a loan closes in an entity, a personal guarantor with a least XXXX% majority is required. Since neither of the members have XXXX% interest in the entity, both members must be guarantor. In addition, guarantors must provide a limited application with name, address, DOB, SSN, citizenship and provide an XXXX such as a driver's license or passport. A credit report and fraud report, along with authorization to pull, must be obtained with guarantor meeting minimum credit score requirements. Entity member XXXX, provided his driver's license as identification. In addition he is required to sign the guaranty agreement and provide all missing required documentation. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) SEE ATTACHED, PROVIDED XXXX THE ORIGINAL XXXX. Rebuttal 2 (XX/XX/XXXX XX:XXAM) Documentation uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) Still missing XXXX% non-borrower signature on the Guaranty. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142501 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided to proceed with transferred appraisal dated more than XXXX days after the application date. Determined non-material based on compensating factors (waived). | Waived | Compensating Factors: XXXX, Cash Proceeds of excess reserves greater than XXXX months. | 2 | 2 | 3 | 2 | ||||
| XXXX | 2142501 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The loan file did not contain a CDA, Field Review, or 2nd Appraisal to support the origination appraised value. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) SEE ATTACHED PROVIDED XXXX THE ORIGINAL XXXX. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142506 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142506 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142506 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142509 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2142509 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2142509 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX supportive of value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144911 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: the loan agreement addendum is missing the lenders signature. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2144911 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Name Discrepancy | XXXX | The Borrowers' name on the Note, XXXX, and Loan Agreement was not accurate. The XXXX' name reflects XXXX; however, vesting reflects XXXX, LLC -XXXX XXXX, a separate series of XXXX, LLC. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. Rebuttal 2 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144911 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The Mortgage Page XXXX has the Borrower as XXXX - XXXX while the signature line on Page 9 and the applicable riders reflect XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. Rebuttal 2 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144911 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guidelines require all guarantors to provide the following: XXXX) A limited application that includes their name, address, date of birth, social security number, and citizenship XXXX) An authorization to obtain a credit report and background report XXXX) Identification documentation as in a driver'slicense, passport, or similar.. This could not be located within the loan file for XXXX and XXXX who are XXXX% owners of XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Documentation uploaded. Rebuttal 2 (XX/XX/XXXX XX:XXAM) See the attached No Hit reports |
Response 1 (XX/XX/XXXX XX:XXPM) In this case entity structure is not the issue. Everyone that signs the Guaranty Agreement must provide the requested documentation. All XXXX individuals signed the agreement. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144911 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow XXXX% financing on a rate and term refinance when XXXX allowed is XXXX%. Determined non-material based on compensating factors (waived). | Waived | Compensating factors: DSCR >XXXX, XXXX+ mons reserves | 2 | 2 | 3 | 2 | ||||
| XXXX | 2144911 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144912 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2144912 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144912 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2142508 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2142508 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2142508 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144914 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2144914 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow changes in percentage of ownership of the LLC after the initial application date, guidelines require management approval. Determined non-material based on compensating factors (waived). | Waived | Compensating factors: DSCR >XXXX, LTV XXXX% less than XXXX allowed | 2 | 2 | 2 | 2 | ||||
| XXXX | 2144914 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2153513 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2153513 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2153513 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow XXXX% LTV for a cash out with XXXX credit score. Getting approximately $XXXX back. Fits in matrix requirements. Determined non-material based on compensating factors (waived). | Waived | Response 1 (XX/XX/XXXX XX:XXPM) Determined non-material based on compensating factors (waived). |
Compensating Factors: DSCR greater than XXXX%, Experienced Investor owning three plus properties. | 2 | 2 | 2 | 2 | |||
| XXXX | 2153513 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2153512 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2153512 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2153512 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow XXXX% LTV for a cash out with XXXX credit score. Getting approximately $XXXX back after land contract payoff. Determined non-material based on compensating factors (waived). | Waived | Response 1 (XX/XX/XXXX XX:XXPM) Determined non-material based on compensating factors (waived). |
Compensating Factors: DSCR greater than XXXX%, Experienced Investor owning three plus properties. | 2 | 2 | 2 | 2 | |||
| XXXX | 2153512 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains the CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2156388 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2156388 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided for " allow for private party lender on primary residence per vom and note in file ." Determined non-material based on compensating factors (waived). | Waived | Response 1 (XX/XX/XXXX XX:XXAM) XXXX non- material based on based on compensating factors (waived). |
comp factors :XXXXXXXX dscr XXXX | 2 | 2 | 2 | 2 | |||
| XXXX | 2156388 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan contained a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144910 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2144910 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow borrower lives rent free but more than XXXX miles from the subject property. XXXX guidelines state not eligible when borrower is living rent-free, and the subject property is within XXXX miles of primary residence. Determined non-material based on compensating factors (waived). | Waived | Compensating Factors: XXXX score XXXX, borrowr owns an investment property for mor than XXXX months in the past XXXX months. DSCR over XXXX. | 2 | 2 | 2 | 2 | ||||
| XXXX | 2144910 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144910 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144869 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2144869 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2144869 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144869 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142507 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142507 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142507 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan File contains CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142467 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2142467 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142467 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144915 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2144915 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144915 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2153511 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2153511 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2153511 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2153511 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2153476 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2153476 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Borrower 1 was XXXX%/XXXX% owner of the borrowing entity, XXXX, with a non-borrower, XXXX. XXXX guidelines require a Personal Guaranty to be signed by one or more owners representing a majority ownership (XXXX%). The loan file contains the signed XXXX for both guarantors. However, the loan file is missing the XXXX) limited application that includes name, address, date of birth, social security number, and citizenship XXXX) authorization for credit XXXX) background check XXXX) a picture XXXX as a driver's license, passport, or similar for the non-borrowing guarantor XXXX, as required. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153476 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144871 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2144871 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Name Discrepancy | XXXX | The XXXX' name on the Note, addendums, and Loan Agreement was not accurate. The XXXX' name reflects XXXX; however, vesting reflects XXXX XXXX Series, a separate series of XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) OA ORGINAL PM Series and addendum confirming "Series XXXX" vesting |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144871 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The Page XXXX has the Borrower as XXXX XXXX Series while the signature line on Page 13 and the applicable riders reflect XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) OA ORGINAL PM Series and addendum confirming "Series XXXX" vesting |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144871 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Borrower 1 was XXXX%/XXXX% owner of the borrowing entity, XXXX, with a non-borrower, XXXX. XXXX guidelines require a Personal Guaranty to be signed by one or more owners representing a majority ownership (XXXX%). The loan file contains the Guaranty for both guarantors. However, the loan file is missing the XXXX) limited application that includes name, address, date of birth, social security number, and citizenship XXXX) authorization for credit XXXX) background check XXXX) a picture XXXX as a driver's license, passport, or similar for the non-borrowing guarantor XXXX, as required. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144871 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144867 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2144867 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The XXXX has the borrower on Pg XXXX as 'Easy Home Today LLC XXXX Series' while Pg XXXX has the borrower on signature line as 'XXXX'. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) OA ORGINAL PM Series and addendum confirming "Series XXXX" vesting |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144867 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The borrower's name on the Security Instrument is inconsistent with the Note. The borrower is XXXX however Mortgage/vesting reflects XXXX XXXX Series, a separate series of XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) OA ORGINAL PM Series and addendum confirming "Series XXXX" vesting |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144867 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Borrower 1 was XXXX%/XXXX% owner of the borrowing entity, XXXX, with a non-borrower, XXXX. XXXX guidelines require a Personal Guaranty to be signed by one or more owners representing a majority ownership (XXXX%). The loan file contains the Guaranty for both guarantors. However, the loan file is missing the XXXX) limited application that includes name, address, date of birth, social security number, and citizenship XXXX) authorization for credit XXXX) background check XXXX) a picture XXXX as a driver's license, passport, or similar for the non-borrowing guarantor XXXX, as required. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144867 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142468 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2142468 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Condo - Other | XXXX | XXXX provided for "allow a borrower with XXXX to finance the purchase of a Condo unit." ?Determined non-material based on compensating factors (Waived). | comp factors DTI under XXXX LTV XXXX years in present address | 3 | 2 | 3 | 2 | |||||
| XXXX | 2142468 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144916 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2144916 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144916 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144870 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2144870 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144870 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144868 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2144868 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: XXXX is missing the date, 'intent to be legally bound'. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144868 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines the underwriter is to perform a google search of the borrower and the entity. The google searches for the borrower and entity XXXX is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See the attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144868 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2153510 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2153510 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2153510 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2156385 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2156385 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2156385 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2153475 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2153475 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Late Fees Test | XXXX | This loan failed the late fees test. The loan has late fees that do not conform to the requirements for the lender's license type in the state where the property is located. The state regulation of XXXX allows for a maximum XXXX% late fee, the loan has a XXXX% late fee. The loan fails the late fees test by XXXX%. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2153475 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Accordingto guidelines all guarantors are required to provide a limited application which includes the name, address, date of birth, Social Security Number, and citizenship, authorization for a credit report and background report, with credit scores meeting the minimum qualifying score, and Identification documentation such as a driver's license or passport for all guarantors. The loan file did not contain any of the required documentation for the non-borrowing guarantor, XXXX.. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2153475 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144920 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2144920 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144920 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144872 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2144872 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | According to guidelines all guarantors are required to provide a limited application which includes the name, address, date of birth, Social Security Number, and citizenship, authorization for a credit report and background report, with credit scores meeting the minimum qualifying score, and Identification documentation such as a driver's license or passport for all guarantors. The loan file contained a credit report; however, none of the other required documentation was provided for the non-borrowing guarantor, XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) See the attached |
Response 1 (XX/XX/XXXX XX:XXAM) Please provide the Credit Report and No Hit results for XXXX. She is only a Loan Participant on the Drive Report. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144872 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142470 | 1 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) DOcs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2142470 | 2 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: The Loan Agreement Pages XXXX-XXXX, Exhibit A and B have parts that illegible. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the attached and legible print of pages XXXX-XXXX |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142470 | 3 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - Other | XXXX | Per the final XXXX the borrower is living rent free with parents but a rent free letter from them and verification the borrower has no ownership in the property could not be located within the loan file. Additional conditions may apply. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Request to revisit with the Rent Free LOX in mind |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
Compensating factors: DSCR >XXXX, XXXX+ mons reserves | 3 | 2 | 3 | 2 | ||
| XXXX | 2142470 | 4 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guidelines state if the borrower is currently living rent free XXXX months most recent rent paid to the borrower needs to be verified. XXXX handwritten payment receipts for rent paid were located but not the XXXX months most recent bank statements all pages verifying the rent was received could not be located within the loan file. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Per our XXXX, "Additionally, bwr does not deposit his cash rent he receives from the tenants as he has to withdraw cash to pay his contractors anyway." |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142470 | 5 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the final XXXX the borrower is living rent free withXXXXXXXX XXXX, XXXX XXXX, the subject is XXXX miles from where the borrower is currently living rent free. Guidelines state if the borrower is living rent free the subject cannot be within XXXX miles of the primary residence, this loan is ineligible for financing. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See the attached |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating factors: DSCR >XXXX, XXXX+ mons reserves | 3 | 2 | 3 | 2 | ||
| XXXX | 2142470 | 6 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception to allow a borrower with XXXX months experience instead of the XXXX months guidelines require. Determined non-material based on compensating factors (waived). | Waived | Compensating factors: DSCR >XXXX, XXXX+ mons reserves | 2 | 2 | 3 | 2 | ||||
| XXXX | 2142470 | 7 of 7 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2153509 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2153509 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2153509 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144873 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144873 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144873 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX supportive of value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2153470 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2153470 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file does not meet the minimum DSCR per guidelines of XXXX for a short term rental. Lender used short term, per month, rental of $XXXX but it is unclear where that figure came from. The XXXX month history for the property averages to $XXXX/XXXX while the appraisal (which cant be used for a refi) shows monthly STR of $XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See the attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153470 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144919 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: the loan agreement addendum is missing the lenders signature. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2144919 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Minimum Reserves | XXXX | Assets were required in the amount of $XXXX ($XXXX due at closing + $XXXX reserves). Assets were verified in the amount of $XXXX (XXXX $XXXX + Cash to borrower $XXXX) resulting in short reserves in the amount of $XXXX. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See the attached |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX. XXXX% LTV. Experienced Investor. | 3 | 2 | 3 | 2 | ||
| XXXX | 2144919 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2153469 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2153469 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2153469 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144874 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the Settlement statement provided in the loan file was the FINAL binding Settlement statement, as it was not signed, stamped or certified. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2144874 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2144874 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144874 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2156384 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Missing | XXXX | There is no evidence the Borrower received The Notice of Right to Receive Copy of Appraisal within XXXX business days from application. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c). Informational only | Acknowledged | 1 | 1 | 2 | 1 | |||||
| XXXX | 2156384 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2156384 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2156384 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports a appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2153464 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2153464 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. Guidelines state that the Borrower’s primary residence if owned may not be currently listed or listed for sale in the last XXXX days when qualifying for a DSCR loan under XXXX products. XXXX provided for Borrower's primary currently listed for sale. Determined non-material based on compensating factors (waived). | Waived | Response 1 (XX/XX/XXXX XX:XXPM) Determined non-material based on compensating factors (waived). |
Comp Factors - Experienced Long-Term Investor with active lease on subject and DSCR XXXX. | 2 | 2 | 2 | 2 | |||
| XXXX | 2153464 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144917 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2144917 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2144917 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144917 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2153463 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - 10% Tolerance Violation (No Valid COC) | XXXX | This loan failed the charges that in total cannot increase more than XXXX% test. (12 CFR §1026.19(e)(3)(ii)). A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fee was not accepted: Recording fee on the revised CD issued on XX/XX/XXXX. A cost to cure in the amount of $XXXX is required, of which $XXXX was cured on the final CD and $XXXX is still required. If curing the violation with a refund, the following documents are required: LOE to consumer, PCCD, copy of the refund and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2153463 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD - Section B incorrect payee | XXXX | The loan contains a fee where 'compensation to' reflects either 'Lender or Broker' under Section B - Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX: Credit Report. However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2153463 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2153463 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144918 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note is incomplete: the loan agreement addendum is missing the lenders signature. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2144918 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | Per the guidelines, a background report including a liens and judgments search is required on the borrowing entity; XXXX. The loan file contains a background check for XXXX, but could not be located for XXXX. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) background |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144918 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2153507 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2153507 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | XXXX provided to allow XXXX day extension for credit report that expired on XX/XX/XXXX. Determined non-material based on compensating factors (waived). | Waived | Response 1 (XX/XX/XXXX XX:XXPM) Determined non-material based on compensating factors (waived). |
Compensating Factors: XXXX+ year credit history, Excess Reserves from cash on hand exceed XXXX months | 2 | 2 | 2 | 2 | |||
| XXXX | 2153507 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144921 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the Settlement statement provided in the loan file was the FINAL binding Settlement statement, as it was not signed, stamped or certified. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144921 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 2 | |||
| XXXX | 2144921 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | .According to guidelines all guarantors are required to provide a limited application which includes the name, address, date of birth, Social Security Number, and citizenship, authorization for a credit report and background report, with credit scores meeting the minimum qualifying score, and Identification documentation such as or passport for all guarantors. The loan file did not contain any of the required documentation for the non-borrowing guarantor, XXXX, other than Driver's License. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) guarantor docs |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144921 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144923 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2144923 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | A personal Guaranty is required from one or more owners representing a majority ownership interest and any individual whose assets were used to qualify for the loan. (XXXX% or more). The following are missing for XXXX XXXX XXXX) A limited application that includes their name, address, date of birth, social security number, and citizenship XXXX) An authorization for a credit report and background report. XXXX) Identification documentation must be provided as in a driver's license, passport, or similar | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) guarantor background |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144923 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2153461 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2153461 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2153461 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144926 | 1 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2144926 | 2 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | The background check for entity XXXX that includes a search for liens and judgments is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) background |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144926 | 3 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines guarantors are required to complete a limited application that includes their name, date of birth, social security number and citizenship. The limited application for entity member XXXX is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) guarantor application |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144926 | 4 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines guarantors are to provide identification documentation such as a driver's license or passport. The required identification documents for XXXX is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) guarantor XXXX |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144926 | 5 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines guarantors must provide authorization for a credit report and background report. The guarantor must meet the credit and background requirements set forth in the guide. The required forementioned documents are missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) guarantor background and credit |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144926 | 6 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines the underwriter is to perform a google search of the borrower and entity. The loan file is missing the google search for the borrower. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) google search |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144926 | 7 of 7 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144924 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2144924 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144924 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144927 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 2 | |||
| XXXX | 2144927 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guidelines state management approval is required for changes to the business operating agreement after the initial application date which was approved. Determined non-material based on compensating factors (waived). | Waived | Compensating factors: DSCR >XXXX, FICO 40 pts higher then min required | 2 | 2 | 2 | 2 | ||||
| XXXX | 2144927 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2156382 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2156382 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2156382 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2156381 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2156381 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines a limited application that includes the guarantor's name, address, date of birth, social security number and citizenship is required. The loan file is missing the required document for guarantor XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) GUARANTOR APPLICATION |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2156381 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines guarantors must provide authorization for a credit report and background report. The guarantor must meet the credit and background requirements set forth. The loan file is missing the required documents for guarantor XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) guarantor docs |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2156381 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines guarantors must provide identification documentation such as a driver's license or passport. The required identification documents for XXXX is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2156381 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2156378 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2156378 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2156378 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX supportive of value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144925 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2144925 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2144925 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2153455 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2153455 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2153455 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2153453 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) Response 2 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2153453 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file is missing the required entity background search for the entity, XXXX, to include liens and judgments search. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153453 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144922 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144922 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | Missing background check per guidelines. The background is missing liens and judgements for the entity. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See the attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144922 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost. The loan file is missing the rents on the policy. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) See the attached and remark section |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144922 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a cda dated XX/XX/XXXX which supports the appraised. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2153502 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 3 | 1 | |||
| XXXX | 2153502 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines Guarantors are required to complete a limited application that includes their name, address, date of birth, social security number and citizenship. The loan file is missing the limited application for Guarantor XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) guarantor app |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153502 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines Guarantors must provide authorization for a credit report and background check. The guarantor must meet the credit and background requirements set forth in the guide. The guarantor's credit score must meet the program minimum qualifying score. The required documentation for Guarantor XXXX is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) guarantor background and credit uploaded |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153502 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the guidelines the underwriter is to perform a Google search of the XXXX and Entity. The required Google searches for both the XXXX and Entity are missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) google search borrower and llc |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2153502 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated, XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2156367 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2156367 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2156367 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2156366 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement was not executed by the lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
2 | 1 | 2 | 1 | |||
| XXXX | 2156366 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2156366 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 1 | |||||
| XXXX | 2156362 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2156362 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The lender provided an exception to allow for a DTI over XXXX%for a FTHB. Considered non-material based on compensating factors (waived) | Waived | Response 1 (XX/XX/XXXX XX:XXPM) Considered non-material based on compensating factors (waived) |
Compensating factors: XXXX mos reserves, XXXX | 2 | 2 | 2 | 2 | |||
| XXXX | 2156362 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2141284 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141284 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141284 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141281 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Appraisal Notice - Late | XXXX | The Notice of Right to Receive Copy of Appraisal, issued on XX/XX/XXXX was not disclosed within XXXX days of the application date, XX/XX/XXXX. Equal Credit Opportunity Act (Regulation B) 12 CFR XXXX Truth In Lending Act (Regulation Z) [HPML] 12 CFR 1026.35(a),(c) Informational Only | Acknowledged | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141281 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) policy |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2141281 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141282 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141282 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141282 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. No secondary product provided at origination (Appraisal Only). | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) CDA |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136919 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136919 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136919 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136920 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136920 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136920 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138644 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2138644 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | The subject transaction closed in the name of XXXX. The investor guidelines required a Certificate of Good Standing for the entity dated within XXXX days of the Note date. Required documentation was not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Certificate of Good Standing for the entity attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2138644 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136924 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136924 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136924 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133359 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133359 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost, all perils and rent loss coverage. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please see the remarks Including coverage for special conditions and coverage/replacement cost |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133359 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144559 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144559 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144559 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138645 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2138645 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | The subject closed in the name of XXXX. The investor guidelines required a Certificate of Good Standing for the entity dated within XXXX days of the Note date. Required documentation was not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2138645 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The subject transaction closed with an LTV of XXXX%. The DSCR calculation at origination was not provided. XXXX has a new lease effective XX/XX/XXXX for $XXXX monthly. The comparable rent schedule indicated a market rent of $XXXX. Guidelines required XXXX months of rent verification to use the higher of the lease in the DSCR calculation. The DSCR based on the lease agreement would be XXXX% which allows a maximum LTV of XXXX%. The DSCR based on the market rents would be .XXXX% with a maximum LTV of XXXX%. Proof of XXXX months receipt of rents per the lease were required and not provided to use the higher amount. If not provided, the LTV for the subject transaction would exceed the guidelines max. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX months Proof of rent attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2138645 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The loan was missing current hazard insurance policy on the subject property with sufficient coverage/replacement cost, rent loss coverage for XXXX months, and all perils. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Insurance coverage is marked off as Basic + Wind protection which covers all perils. Rebuttal 2 (XX/XX/XXXX XX:XXPM) Please see the email chain with the insurance agent confirming the coverage has been updated and all hazards are covered |
Response 1 (XX/XX/XXXX XX:XXPM) All Perils is typically "special". (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Upon 2nd review email provided from HOI Insurer stating policy includes all perils. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2138645 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. Required CDA not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) CDA attached |
Response 1 (XX/XX/XXXX XX:XXAM) CDA provided and supports original appraised value. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144554 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144554 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. Per the lender's guidelines an OFAC check is required for all Borrowers, Guarantors, Key Principals (entity and individuals), and any entityManager(s). The loan file did not contain an OFAC check for the borrower or the entity. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) Entity OFAC attached |
Response 1 (XX/XX/XXXX XX:XXAM) Still missing OFAC for entity. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144554 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. Per the lender's guidelines eligible properties must have a minimum property value of $XXXX. The appraisal reflects the appraised value of the subject property is $XXXX. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) This loan was approved by the investor Rebuttal 2 (XX/XX/XXXX XX:XXPM) The exception for the low loan amount being approved is common sense, that the value will be under $XXXXk. Please approve. Rebuttal 3 (XX/XX/XXXX XX:XXAM) The value is listed in the exception request |
Response 1 (XX/XX/XXXX XX:XXAM) Specific exception not received. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Loan amount and value are mutually exclusive findings, both requiring individual exceptions. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) Per direction from Investor, this can be waived. (Waived) |
XXXX. XXXX DSCR. Experienced Investor. | 3 | 2 | 3 | 2 | ||
| XXXX | 2144554 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. Per the lender's guidelines the minimum loan amount is $XXXX. The subject loan amount is $XXXX. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Loan amount was approved by the investor |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
XXXX. XXXX DSCR. Experienced Investor. | 3 | 2 | 3 | 2 | ||
| XXXX | 2144554 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144553 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144553 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Under remarks, Special Form-DP3 is included. Ensuring all perils are covered |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144553 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144551 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144551 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144551 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144555 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144555 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Loan Amount | XXXX | The loan amount exceeds maximum allowable under the guidelines. Per guidelines, the minimum loan amount is $XXXX. The subject loan closed with a loan amount of $XXXX, which is $XXXX below the minimum required. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX approval attached showing low loan and low appraised value. |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
XXXX. Experienced Investor. XXXX DSCR. | 3 | 2 | 3 | 2 | ||
| XXXX | 2144555 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2141209 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141209 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141209 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144556 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144556 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Under XXXX, Special Form-DP3 is included to cover all perils |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144556 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141206 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141206 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141206 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2132143 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2132143 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The subject is a purchase transaction with a XXXX and closed at an LTV of XXXX%. Per the investor guidelines, the maximum LTV was XXXX%. LTV exceeds the maximum. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Per XXXX&#XXXX;s Guides a XXXX+ FICO is required for XXXX% leverage. XXXX&#XXXX;s guides takes priority over XXXX guides. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132143 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Title Commitment - Missing/Incomplete | XXXX | The loan file is missing the title commitment to include a XXXX month chain of title as required by the investor guidelines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please see XXXX month chain of title in attached Rebuttal 2 (XX/XX/XXXX XX:XXAM) Please see chain of title on Page 5. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation not received. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Document provided as required. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132143 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2132142 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2132142 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | Missing background check per guidelines. The background check in the loan file does not reflect a judgments/liens search. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) At the bottom of the file: Report section(s) with no matches. The borrower did not appear in any judgment or XXXX searches |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132142 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) HOI Marked special insurance, which covers all peril |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132142 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | The LTV does not meet the program eligibility guidelines. The subject is a purchase transaction with a XXXX and closed at an LTV of XXXX%. Per the investor guidelines, the maximum LTV was XXXX%. LTV exceeds the maximum. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX% LTV purchase is allowed per XXXX&#XXXX;s guides. XXXX&#XXXX;s guides take priority over XXXX Guidelines |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132142 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Title Commitment - Missing/Incomplete | XXXX | The title commitment/policy is incomplete/missing. The loan file is missing the title commitment to include a XXXX month chain of title as required by the investor guidelines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please see XXXX month chain of title on page XXXX |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132142 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2140079 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140079 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140079 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137760 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance Finding - Missing Business Purpose Documentation | XXXX | There are additional XXXX. Missing AKA for co-borrower. The name listed on note does not match the name listed on Operating Agreement for XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Please see the attached same name affidavit for the co-borrower. Please accept and clear the condition. Thank you. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2137760 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Please provide the state statute pertaining to the condition. Thank you. |
Response 1 (XX/XX/XXXX XX:XXPM) Per our outside XXXX, XXXX ( In the state of XXXX a PPP is allowable if the entity is specifically a corporation. The statute only clearly exempts XXXX borrowers” from the PPP restriction, and with no caselaw which clearly holds that other corporate entities such as LLCs would likewise be exempt. We are aware that some in the market take the position that LLCs should also be included, but the XXXX statute does not specifically carve them (or other business types like partnerships, LPs, etc.) out, and accordingly. As a result, we will grade prepays to LLC in XXXX as EV2. (Acknowledged) |
2 | 2 | 3 | 2 | |||
| XXXX | 2137760 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137760 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA datedXX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2140080 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2140080 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent. Provided policy does not reflect All Perils coverage. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Insurance agent contacted and asked to confirm policy covers all perils. Agent provided rental dwelling coverage document and satisfies condition. Please see upload. Rebuttal 2 (XX/XX/XXXX XX:XXPM) All perils confirmed |
Response 1 (XX/XX/XXXX XX:XXAM) Coverage PDF referenced in the email was not received. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2140080 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2143106 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2143106 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Report - Inquiries | XXXX | The credit report dated XX/XX/XXXX reflects inquiries on XX/XX/XXXX which is within XXXX days that have not been addressed as required per the guidelines. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Condition not valid. XXXX XXXX – DSF30 program Credit (section 12) guidelines don’t required credit inquiry explanation. Please waive condition. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation and documentation received is sufficient. (Void) |
1 | 1 | 3 | 2 | |||
| XXXX | 2143106 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The subject acreage is XXXX. Guidelines do not allow acreage greater than XXXX acres. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX approved post close exception for subject property acreage XXXX over XXXX acre limit. |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
XXXX. XXXX% LTV. Experienced Investor. | 3 | 2 | 3 | 2 | ||
| XXXX | 2143106 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Upload support all perils are covered. Policy number referenced XXXX, on upload, matches to policy number on HOI dec page already in file. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2143106 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Mortgage History - Missing/Incomplete | XXXX | The credit report reflects a HELOC with XXXX with a monthly payment of $XXXX and balance of $XXXX with last date reported of XXXX/XXXX that is not reflected on the Schedule of Real Estate Owned on the application. It cannot be determined if this is tied to the primary residence as both the subject property and primary residence housing history must be verified. In which case, a mortgage statement or other documentation as outlined in the guidelines is required to ensure the HELOC is current through the month prior to the XXXX date, or through XXXX/XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Recorded deed of trust for XXXX confirms tied to XXXX. XXXX is already disclosed in application/reo section and is an investment property. Updated XXXX shows heloc mapped to XXXX XXXX. Updated XXXX & recorded dot uploaded. No further mortgage rating required due to heloc not tied to subject nor primary residence. Condition satisfied. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation and documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2143106 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144934 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144934 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144934 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144933 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144933 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144933 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. CU Score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137761 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137761 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137761 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137759 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137759 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137759 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140081 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140081 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State HPML | XXXX | This loan failed the XXXX COMAR higher-priced mortgage loan test. (XXXX COMAR 09.03.06.02B(XXXX), COMAR 09.03.09.02B(XXXX))Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the Code of XXXX Regulations (COMAR). The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140081 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140081 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136961 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136961 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136961 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a CDA, dated XX/XX/XXXX, that supports the value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2132148 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2132148 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - OFAC Screening | XXXX | The loan file does not contain evidence the Co-Borrower, XXXX, passed the OFAC screening process. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See attached OFAC Search |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132148 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Missing - One or More Reports Missing | XXXX | Not all required credit reports are within the file. The loan file is missing the credit report for the Co-borrower XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX is a non-guarantor and credit is not required Rebuttal 2 (XX/XX/XXXX XX:XXAM) Please see attached |
Response 1 (XX/XX/XXXX XX:XXAM) Please provide the Guaranty Agreement. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132148 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | Missing background check per guidelines. The loan file is missing the background check, to include criminal, bankruptcy, and judgments/liens for the Co-Borrower XXX XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX check attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132148 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Final Application - Missing | XXXX | The Final application is missing as required by guides. The loan file does not contain a loan application for any borrower. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Loan Application attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132148 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. The loan file is missing the CDA. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) New CDA attached. XXXX% Variance. Rebuttal 2 (XX/XX/XXXX XX:XXAM) CDA attached |
Response 1 (XX/XX/XXXX XX:XXAM) CDA for wrong property. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133358 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133358 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133358 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2127025 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2127025 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2127025 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138651 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138651 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138651 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2132145 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2132145 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The subject transaction was a purchase transaction with an LTV of XXXX%. Per the investor guidelines, the maximum LTV allowable was XXXX%. LTV exceeds the maximum allowed LTV. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX allows a XXXX% purchase for XXXX fico Borrowers. XXXX&#XXXX;s XXXX take precedent over XXXX. Rebuttal 2 (XX/XX/XXXX XX:XXPM) XXXX allows a XXXX% purchase for XXXX fico Borrowers. XXXX&#XXXX;s XXXX take precedent over XXXX. |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132145 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2132147 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2132147 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | Missing background check per guidelines. The background check in the loan file does not reflect a judgments/liens search. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) On the bottom of the file (Report section(s) with no matches) our borrower did not appear in any judgment or XXXX searches |
Response 1 (XX/XX/XXXX XX:XXPM) Doumentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132147 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) HOI Marked special insurance, which covers all peril |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132147 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | The LTV does not meet the program eligibility guidelines. The subject is a purchase transaction with a XXXX and closed at an LTV of XXXX%. Per the investor guidelines, the maximum LTV was XXXX%. LTV exceeds the maximum. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Per XXXX&#XXXX;s guides XXXX% LTV is allowed. XXXX&#XXXX;s guides take priority. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132147 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Title Commitment - Missing/Incomplete | XXXX | The title commitment/policy is incomplete/missing. The loan file is missing the title commitment to include a XXXX month chain of title as required by the investor guidelines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please see XXXX month chain of title on page XXXX |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132147 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. The loan file does not contain a CDA. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) CDA Attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144557 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144557 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144557 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141205 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141205 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | The subject closed in the name of XXXX. The investor guidelines required the stock certificate/Share Ledger and Corporate Resolution to confirm shareholders ownership interest. The required documentation was not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX and Resolution attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2141205 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The loan file contained XXXX separate insurance policies (flood Insurance, liability insurance and rental/hazard insurance). The flood insurance policy reflected a premium for the flood coverage. The premiums for the liability insurance and the rental/hazard insurance policies were not provided. The HUD for the subject lumped all insurance into one lump sum. Without a breakdown of the premiums for the liability insurance and the rental/hazard policy, it was not possible to determine that all coverages were escrowed and that final PITIA was calculated correctly. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please see attached Insurance costs breakdown |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2141205 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133360 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133360 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The subject loan does not meet Program Parameters. Guidelines require LTV reduction or removal for properties in declining markets. The subject property is in a declining market. The subject closed at the max LTV of XXXX%. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) XXXX attached showing stable market. |
Response 1 (XX/XX/XXXX XX:XXAM) Updated appraisal provided and reflects Stable. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133360 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2138643 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The loan is a XXXX-year fixed closed-end product. The Open-ended form was utilized for the Security Instrument when a Closed-end form should have been used; however, the Security Instrument covers the correct debt and terms. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2138643 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2138643 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144552 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144552 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | Missing background check for the Entity per guidelines. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) The entity doesn&#XXXX;t have a background check - not sure what this means. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Void) |
1 | 1 | 1 | 1 | |||
| XXXX | 2144552 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141212 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141212 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141212 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138647 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138647 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138647 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138650 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138650 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138650 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136964 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136964 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing Entity Documentation | XXXX | Missing required business documentation per guidelines. The certificate of good standing, Exhibit XXXX of the operating agreement and articles of organization are missing from the loan file for the entity XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Attached COGS for XXXX Rebuttal 2 (XX/XX/XXXX XX:XXAM) Articles of Org attached for XXXX Also attaching a signed resolution removing Exhibit B from the OA as it was a clerical error. |
Response 1 (XX/XX/XXXX XX:XXAM) Still missing Exhibit XXXX of the operating agreement and articles of organization. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136964 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains CDAs, dated XX/XX/XXXX which supports the appraised values. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144558 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX Months prepayment term, the loan has a XXXX Months prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144558 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent. The loan file includes a HOI policy that does not reflects Broad coverage and does not indicate of all other perils are covered. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Insurance is marked off with special coverage ensuring all perils are met |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144558 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2141207 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141207 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141207 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141208 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141208 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141208 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138649 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138649 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138649 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141210 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141210 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141210 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141211 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141211 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141211 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138648 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138648 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2138648 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140077 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140077 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2140077 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2143107 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2143107 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2143107 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2143105 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2143105 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2143105 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144561 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The title commitment reflects the property is currently vested in entity XXXX; however, the borrower is entity XXX LLC. The loan file does not includes a quit claim deed intended to transfer ownership from entity to entity. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) The property was transferred over via the attached XXXX. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144561 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent. The included HOI policy reflects basic coverage and does indicate that perils are covered. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) insurance covering all perils attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144561 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144560 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The Vested Interest on the Security Instrument is inconsistent with Title. The Security Instrument reflects XXXX which does not match the current Vested Interest on Title. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) The property was transferred over via the attached XXXX. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144560 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing background check | XXXX | Missing background check for the Entity. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) There is no background check on the entity. Please remove this finding |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Void) |
1 | 1 | 3 | 1 | |||
| XXXX | 2144560 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied.T he loan file contains a CDA, dated XX/XX/XXXX, which supports theappraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136915 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136915 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Financed Properties | XXXX | The subject loan does not meet Program Parameters for Financed Properties. Per the lender's guidelines exposure XXXX is XXXX loans or XXX UPB. The loan file reflects the borrower owns XXXX properties. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Good morning, it is our understanding, our XXXX Non-QM guidelines are used for our Non-QM loans. Please see attached, referencing multiple financed properties in Section XXXX Thank you XXXX Rebuttal 2 (XX/XX/XXXX XX:XXAM) XXXX is regarding total financed properties between any lenders XXXX is the limit with XXXX only- which is our XXXX exposure - not the limit on financed properties |
Response 1 (XX/XX/XXXX XX:XXAM) Please clarify why section XXXX is in conflict with section XXXX. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Explanation and documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136915 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136911 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Exhibit B of the Loan Agreement is missing the Entity name. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Exxhibit B with Entity name |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136911 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Signature Discrepancy | XXXX | The signature on the XXXX does not appear to match loan documents. The borrower is an entity however the Note and Prepayment addendum were signed as Individual and as Member. Page one of mortgage only listed the entity and XXXX listed borrower as entity. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2136911 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136911 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2127042 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2127042 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The subject file is missing the required business purpose affidavit. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) This was included with the initial upload thank you for clearing |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2127042 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA datedXX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2127041 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2127041 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2127041 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136910 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Exhibit B of the loan agreement is missing the entity name. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) PAGE XXXX OF EXHIBIT B WITH ENTITY NAME Rebuttal 2 (XX/XX/XXXX XX:XXPM) Exhibit B w/ entity name Rebuttal 3 (XX/XX/XXXX XX:XXPM) EXHIBIT B W/ENTITY NAME ON TOP |
Response 1 (XX/XX/XXXX XX:XXPM) Documents not received. Please resubmit. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The Top of the Exbibit B provided discloses the name of the individuals; the Entity name should be disclosed. (XXXX) Response 3 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to cure the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2136910 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Signature Discrepancy | XXXX | The signature on the XXXX does not appear to match loan documents. The borrower is an entity however the Note and Prepayment addendum were signed as Individual and as Member. Page one of mortgage only listed the entity and XXXX listed borrower as entity. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2136910 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136910 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136922 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136922 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136922 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136913 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136913 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Missing or Incomplete Lease Agreement | XXXX | At origination, the investor used a lease amount of $XXXX to calculate the DSCR. The appraisal indicated the subject was tenant occupied and indicated lease income of $XXXX. The lease agreement was not provided as required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Lease Rebuttal 2 (XX/XX/XXXX XX:XXPM) lease |
Response 1 (XX/XX/XXXX XX:XXPM) Lease provided is not for the subject property. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136913 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136923 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136923 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136923 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136912 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Exhibit B of the Loan Agreement is missing the Entity name. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Exhibit B with Entity Name |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136912 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Signature Discrepancy | XXXX | The signature on the XXXX does not appear to match loan documents. The borrower is an entity however the Note and Prepayment addendum were signed as Individual and as Member. Page one of mortgage only listed the entity and Title only listed borrower as entity. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2136912 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The subject property closed in the name of an LLC, borrower lives in XXXX and subject property is located in XXXX. XXXX is a community property state. The investor guidelines stated personal guarantees from community property states must be accompanied with a Spousal Consent To Pledge. Required documentation was not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) This is in the closing package and appears to be executed by the wife giving him authorization. this should clear the condition so let XXXX know if you still need the spousal pledge Rebuttal 2 (XX/XX/XXXX XX:XXPM) see attached |
Response 1 (XX/XX/XXXX XX:XXPM) The resolution is for the LLC. There is still the matter of personal Spousal Consent. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Attorney Letter provided is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136912 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2125785 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2125785 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2125785 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136909 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Inaccurate | XXXX | The Note in inaccurate. The borrower is an Entity; however, page XXXX of the referenced loan agreement and exhibit B reflects the borrower as a an individual. In addition, exhibit B is also missing the Entity name. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Loan Agreement pg XXXX and Exhibit B w/ entity name |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136909 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Inaccurate | XXXX | The Note in inaccurate. The borrower is an entity, vesting on title and mortgage as an entity; however, the note was signed as an individual in addition to a member. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2136909 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Other | XXXX | There are additional appraisal findings. The appraisal reflects photos of the subject property having bars on all windows; however, there is no comment if there are safety latches present on all windows. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) There are no bars present on the subjects windows.. Please clear. Rebuttal 2 (XX/XX/XXXX XX:XXAM) Appraisal with Appraisers comments on XXXX page XXXX confirming quick release latches |
Response 1 (XX/XX/XXXX XX:XXAM) Appraisal photos reflect bars on every window. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136909 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136917 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Signature Discrepancy | XXXX | The subject loan is vested on the mortgage and title as an LLC; however, the note was signed as individuals in addition to as members. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2136917 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2136917 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2136908 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Inaccurate | XXXX | The Note in inaccurate. The borrower is an Entity; however, page XXXX of the referenced loan agreement and exhibit B reflects the borrower as a an individual. In addition, exhibit B is also missing the Entity name. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Page XXXX of Loan Agreement and Page XXXX Exhibit B with Entity name Rebuttal 2 (XX/XX/XXXX XX:XXPM) Exhibit B w/ entity name at top |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The Exhibit B has not been corrected; the top of the Exhibit B discloses the Individual name. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136908 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Inaccurate | XXXX | The Note in inaccurate. The borrower is an entity, vesting on title and mortgage as an entity; however, the note was signed as an individual in addition to a member. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2136908 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136908 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136914 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Loan Agreement is missing the notary acknowledged and Exhibit B is missing the date of execution, The Entity name and Title on the signature line. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) EXHIBIT B |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136914 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Name Discrepancy | XXXX | The Loan Agreement listed the borrowers in their individual name, however the borrower is the entity. The top of page one as well as the of Exhibit B require borrower name to be corrected to reflect the entity name and not the individuals. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX and Exhibit B - Final |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136914 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The notary section is missing acknowledge of "Personally before XXXX or remotely online" | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) RECORDED DOT Rebuttal 2 (XX/XX/XXXX XX:XXPM) DOT WITH CORRECTION AND LETTER OF INTENT |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The Recorded Mortgage provided has been provided; however, the XXXX section has not been updated to disclose if the borrower appeared personally before the notary or if it was notarized remotely online. Without the information, the notary section is considered incomplete. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136914 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136914 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144818 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is inaccurate: The XXXX does not match the NLMS site. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Please see the attached updated Note & DOT (draft) and NMLS XXXX for the correction. Before we proceed with re-signing and re-recording, could you please confirm it this would suffice if we could provide NOTE & DOT with Intent to Re-record? Signature date will be the current date of the signing. Rebuttal 2 (XX/XX/XXXX XX:XXPM) Please find attached Note which NMLS XXXX is corrected. |
Response 1 (XX/XX/XXXX XX:XXPM) The corrected document will be acceptable when executed. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144818 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The Loan Origination Company Identifier does not match the NLMS site. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Please see the attached updated Note & DOT (draft) and NMLS XXXX for the correction. Before we proceed with re-signing and re-recording, could you please confirm it this would suffice if we could provide NOTE & DOT with Intent to Re-record? Signature date will be the current date of the signing. Rebuttal 2 (XX/XX/XXXX XX:XXPM) Please find attached DOT which NMLS XXXX is corrected. |
Response 1 (XX/XX/XXXX XX:XXPM) The corrected document will be acceptable when executed and evidence of re-recording. An LOI is not sufficient; evidence the documents have been sent to the county to re-record or the re-recording will be needed. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144818 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable | XXXX | Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Please find Locked LE and Initial CD attached. Sorry for the inconvenience, some of the TRID Documents were not included in the closing package. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144818 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the addition to the following fees was not accepted: Collateral Desktop Analysis. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Sorry for the inconvenience. We have provided the wrong Initial LE in the closing package. Since there were also omission for the Locked LE & Initial CD in the closing package, we are to provide a full TRID documents which CDA fee $XXXX was already disclosed on Initial LE. Could you please review and clear the condition? |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144818 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144818 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137720 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137720 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137720 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142235 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142235 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142235 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137721 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137721 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137721 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2116794 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD/Lender Credits that Cannot Decrease (Disclosure Timing Fail) | XXXX | The loan failed the Lender Credits that Cannot Decrease Test. Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following decreases: Lender Credits. A cost to cure in the amount of $XXXX, is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ATTACHED Rebuttal 2 (XX/XX/XXXX XX:XXAM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) Documents not received. Please resubmit. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2116794 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable | XXXX | Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ICD Rebuttal 2 (XX/XX/XXXX XX:XXAM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) Documents not received. Please resubmit. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2116794 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (Disclosure Timing Fail) | XXXX | The loan failed the charges that cannot increase test. Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following increases: Points. Reimbursement in the amount of $XXXX was paid at closing and remaining cost to cure in the amount of $XXXX is still required. The violation may be cured if documentation is provided showing the disclosure was delivered timely. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ATTACHED Rebuttal 2 (XX/XX/XXXX XX:XXAM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) Documents not received. Please resubmit. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The Points - Loan Discount Fee increased on the CD issued on XX/XX/XXXX without a valid COC. A COC in the loan file issued on XX/XX/XXXX appears o be for eh increase ; however, the fee was not disclosed until the CD issued on XX/XX/XXXX and not within XXXX days of the change. A cost to cure int he amount of $XXXX remains. (XXXX) Response XXXX (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2116794 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file contains a lender exception to allow a cash out refinance on an agricultural property which is an unacceptable property type per guidelines. Determined non-material based on compensating factors (waived). | Waived | Compensating Factors: LTV less than XXXX, Same employer XXXX+ years | 2 | 2 | 3 | 2 | ||||
| XXXX | 2116794 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score of XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2127925 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2127925 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2127925 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2101843 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2101843 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Other | XXXX | The photos provided by the appraiser reflect ceiling water leakage in one of the basement bedrooms. There is significant ceiling damage which may be a result of the leakage. There is potential for mold and possible roof/structure issues which can pose an environmental hazard and requires the inspection of a professional contractor. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Documentation uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2101843 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The lease agreement in file for the subject property reflects the XXXX as XXXX and not XXXX or XXXX. the loan file is missing a property management agreement between XXXX and XXXX or XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Doc provided Rebuttal 2 (XX/XX/XXXX XX:XXAM) Agreement is provided. |
Response 1 (XX/XX/XXXX XX:XXPM) Still missing Property Management Agreement. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2101843 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Loan Amount | XXXX | XXXX in file was needed because the $XXXX loan amount is < $XXXX. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) exception provided |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating Factors: XXXX Fico, XXXX months PITI Reserves, XXXX months 0x30 XXXX history | 3 | 2 | 3 | 2 | ||
| XXXX | 2101843 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2112661 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prohibited Fees | XXXX | The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Lender Closing Fee. The loan fails the prohibited fees test by $XXXX. This loan failed the first XXXX prohibited fees test. (XXXX §XXXX:11C-XXXX, XXXX §§XXXX:XXXX-XXXX). | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2112661 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower - Residency Alien Documentation | XXXX | The front of the Resident Alien Card is missing for XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX provided |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
4 | 1 | 3 | 2 | |||
| XXXX | 2112661 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Pay Stubs Missing | XXXX | The most recent pay stub for Melourde XXXX is missing. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) XXXX provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2112661 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2126936 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: . The loan is a compliant HPML. Escrow and prepayment requirements have been met. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2126936 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Report - Other | XXXX | The credit report only reflects one score per borrower. Per guidelines, a minimum of XXXX scores are required per borrower. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) exception provided |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX. $XXXX per month residual income. | 3 | 2 | 3 | 2 | ||
| XXXX | 2126936 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142407 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142407 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Loan Amount | XXXX | The loan file contains an exception as the loan amount is $XXXX while the minimum loan amount is $XXXXk. Client to approve downgrading finding based on compensating factors. ? | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) approval |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX (XX/XX/XXXX XX:XXPM) Investor reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, DSCR XXXX, $XXXX verified reserves |
compensating factors: LTV XXXX%, reserves > $XXXXk, credit XXXX, experienced investor | 3 | 2 | 3 | 2 | |
| XXXX | 2142407 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2131373 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2131373 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Mortgage History - Missing/Incomplete | XXXX | The mortgage history in the loan file was incomplete or missing. The payment history for the mortgage on the subject property was not reflected on the credit report. The mortgage was privately held. It should also be noted that this XXXX was cross collateralized with another property (XXXX) not owned by the borrower Per the lender's guidelines the housing payment history (mortgage and/or rent) must be verified and documented when not shown on the credit report. Private party VOM verifications also require XXXX months consecutive cancelled checks to verify the mortgage rating, except on an exception basis. If a VOM is not received, XXXX months consecutive cancelled checks are sufficient. The loan file did not contain the required documentation. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) This private mortgage was opened in XXXX, and we have payments going out from borrowers’ account starting XXXX to XXXX. Please find the XXXX month payment proof |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2131373 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Occupancy | XXXX | The subject loan does not meet Program Parameters for Occupancy. The subject loan closed as a cash-out refinance of a primary residence. However, the loan file contains a signed Business Purpose & Occupancy Affidavit indicating the transaction is for business purposes only and the intent is to operate the property as one ore more rental units for profit. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) What is needed to clear? Rebuttal 2 (XX/XX/XXXX XX:XXAM) LOE Provided showing the purpose of the cash proceed would make this a consumer transaction, not business purpose. The document was incorrectly provided Rebuttal 3 (XX/XX/XXXX XX:XXAM) XXXX from LO confirming it was an error on their side Rebuttal 4 (XX/XX/XXXX XX:XXAM) There was no attachment, they were asking if they could execute the LOE. XXXX should be sufficient as the partner confirms it was their doc drawing error the document was in the doc package. Rebuttal 5 (XX/XX/XXXX XX:XXPM) Email attachment provided from the LO stating it was their doc error Rebuttal 6 (XX/XX/XXXX XX:XXPM) LOE provided |
Response 1 (XX/XX/XXXX XX:XXAM) The conflicting occupancy must be resolved. Is this property owner occupied or investment? (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) LOE confirming primary occupancy an erroneous business purpose affidavit not received. (XXXX) Response 3 (XX/XX/XXXX XX:XXAM) Attachment referenced in email not received. (XXXX) Response 4 (XX/XX/XXXX XX:XXAM) Attachments not received. Nothing new since XX/XX/XXXX. (XXXX) Response 5 (XX/XX/XXXX XX:XXPM) Once again, only the email chain was provided. Please provide the letter of explanation to clear this. (XXXX) Response 6 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2131373 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CDA provided and supported original appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2093329 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The borrower's signature line on the Security Instrument was not dated by the borrower. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) DOT provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2093329 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Title Commitment - Missing/Incomplete | XXXX | The title commitment in file is missing the required information as it pertains to the current transaction, including the Lender's name and the required coverage amount. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Title update provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2093329 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A second appraisal was obtained dated XX/XX/XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139985 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (Revised Disclosure Late) | XXXX | The loan failed the charges that cannot increase test. Because the change occurred on XX/XX/XXXX, and consumer was not provided the disclosure within XXXX days of the change, the increase to the following fees was not accepted as valid: Employment Verification increased on revised CD XX/XX/XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139985 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139985 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133300 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The Assignment of Leases and XXXX have the individual listed as the borrower on Pg XXXX rather than being the Entity as signed on Pg XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Authorized user. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133300 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133300 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2101665 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2101665 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2101665 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. Appraisal in file reflects value of $XXXX as well as all other docs for value. CDA was submitted with a value of $XXXX showing a XXXX% valuation difference but was submitted with wrong appraised value and is actually -XXXX% under appraised value. | Resolved | Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
XXXX (XX/XX/XXXX XX:XXAM) please see field review |
3 | 1 | 3 | 1 | |||
| XXXX | 2104844 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Missing Rider/Addendum | XXXX | The following referenced Rider is missing: Renewals & Extensions | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2104844 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2104844 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144403 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Transfer Tax. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2144403 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144403 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2133294 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2133294 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Entity docs provided are for XXXX, the note and prepayment addendum was executed as XXXX. There are no entity documents or resolution to support the LLC name of XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED Rebuttal 2 (XX/XX/XXXX XX:XXPM) Management vested with Members clause |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The Operating Agreement lists four total members. For the mortgage transaction, only two of the four members signed the loan documents. The issue is that the Operating Agreement does not include any language stating that these two members have authority to sign on behalf of the company for major obligations like a mortgage. There is no delegation clause, manager-authorization provision, or voting/consent language that would allow only two members to execute binding documents. Please provide a separate written approval such as a Member Resolution granting them that authority. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2133294 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The Entity docs provided are for XXXX, however the Mortgage, assignment of leases and rents rider and the Prepayment Rider were executed as XXXX. There are no entity documents or resolution to support the LLC name of XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED Rebuttal 2 (XX/XX/XXXX XX:XXPM) Management vested with members cause. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The Operating Agreement lists four total members. For the mortgage transaction, only two of the four members signed the loan documents. The issue is that the Operating Agreement does not include any language stating that these two members have authority to sign on behalf of the company for major obligations like a mortgage. There is no delegation clause, manager-authorization provision, or voting/consent language that would allow only two members to execute binding documents. Please provide a separate written approval such as a Member Resolution granting them that authority. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2133294 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - Other | XXXX | The file is missing the required final HUD1 stating the prior mortgage being paid at closing. Cash out funds stated in review taken from lender approval. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2133294 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | A lender exception was provided to allow for an LTV of XXXX% when the guidelines state the max LTV for a shot term rental is XXXX%. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating Factors: XXXX credit score and 0x30 on all mortgage history. | 3 | 2 | 3 | 2 | ||
| XXXX | 2133294 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2135992 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD/Lender Credits that Cannot Decrease (Disclosure Timing Fail) | XXXX | The loan failed the Lender Credits that Cannot Decrease Test. Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following decreases: Lender Credits. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ICD |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2135992 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable | XXXX | Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ICD issued XX/XX/XXXX. CD, e-consent, audit trail for ICD viewed XX/XX/XXXX. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2135992 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (Disclosure Timing Fail) | XXXX | The loan failed the charges that cannot increase test. Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following addition: Loan Discount Point Fee. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ICD |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2135992 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Miscalculated/DTI Exceeds Tolerance | XXXX | The income is miscalculated. The loan application reflects the borrower was self-employed as the owner of a ranch earning $XXXX monthly. The loan application for the co-borrower reflects no employment and no income. The borrowers qualified using the bank statement loan program. The operating agreement confirmed the borrowers owned the business XXXX% each. Income was calculated based on the XXXX #XXXX business account. The origination income was calculated based on XXXX% ownership factor for the borrower which is incorrect. Applying an XXXX% ownership factor results in qualifying monthly income of $XXXX for the borrower. Therefore, the DTI increased to XXXX% which exceeds the maximum allowable DTI of XXXX%. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) income |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2135992 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2116808 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2116808 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Minimum Reserves | XXXX | Sufficient reserves to meet underwriting requirements were not verified in the file. Six months of PITIA reserves were required, equal to $XXXX ($XXXX x XXXX = $XXXX). The total documented assets were $XXXX minus POCs, EMD and cash to close totaling $XXXX which resulted in remaining assets of $XXXX for reserves. As a result, there was a $XXXX shortage of verified funds for reserves. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Total assets verified: $XXXX Cash to close per CD: $XXXX Remaining funds : $XXXX Reserves of : $XXXX/XXXX.4 = XXXX months EMD is already verified in XXXX instalments of $XXXX on XX/XX/XXXX from XXXX account and XX/XX/XXXX from XXXX account. Attached all the docs from Asset other folder to verify EMD. Rebuttal 2 (XX/XX/XXXX XX:XXPM) Please advise where the $XXXX cash calc is coming from. We have $XXXX on the XXXX Rebuttal 3 (XX/XX/XXXX XX:XXAM) XXXX XXXX $XXXX XXXX XXXX $XXXX XXXX XXXX $XXXX |
Response 1 (XX/XX/XXXX XX:XXAM) Funds required: $XXXX POC + $XXXX EMD + $XXXX cash to close + $XXXX reserves = $XXXX total required. Funds available: $XXXX Cleared EMD #XXXX + $XXXX Cleared EMD #XXXX + $XXXX cash in bank = $XXXX total available. $XXXX shortage. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) XXXX #XXXX $XXXX + XXXX #XXXX $XXXX + XXXX #XXXX $XXXX + XXXX #XXXX $XXXX = $XXXX. (XXXX) Response 3 (XX/XX/XXXX XX:XXAM) Rebuttal reflects XXXX #XXXX $XXXX. The most recent XXXX #XXXX in file dated XX/XX/XXXX reflects a balance of $XXXX. (XXXX) Response 4 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX (XX/XX/XXXX XX:XXPM) Client reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, XXXX% DTI, $XXXX monthly residual income |
Compensating factors: FICO higher than XXXX and at least XXXX points higher than guidelines minimum | 3 | 2 | 3 | 2 | |
| XXXX | 2116808 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Interested Party Contribution - Exceeds | XXXX | XXXX in file as the subject loan does not meetProgram Parameters for Interested Party Contributions (IPCs). The subjecttransaction is a purchase of a primary residence at XXXX% LTV. Per the lender’sguidelines the maximum allowable contribution from interested parties with anLTV greater than XXXX% is XXXX%. The CDreflects IPCs of XXXX% or $XXXX. Client to approve downgrading finding basedon compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) exception provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Waiver) |
Compensating factors: FICO higher than XXXX and at least XXXX points higher than guidelines minimum | 3 | 2 | 3 | 2 | ||
| XXXX | 2116808 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2131374 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2131374 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Pay Stubs Missing | XXXX | The paystub from IHSS dated XX/XX/XXXX, reflecting a year to date income of $XXXX, is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) paystub provided |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2131374 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2135993 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2135993 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2135993 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139470 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139470 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Per the lender’s guidelines a current mortgage/rental history is required. Current means the borrower(s) have made all mortgage payments due in the month prior to the note date. The credit supplement dated XX/XX/XXXX reflected the following mortgage payments were due on XX/XX/XXXX: XXXX XXXX #XXXX; XXXX #XXXX; and XXXXCB Home #XXXX. The subject note date is XX/XX/XXXX. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Doc provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139470 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133439 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133439 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133439 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144416 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144416 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The loan current master hazard insurance policy on the subject property was missing a certificate of insurance covering theindividual unit, including the borrower’s name, and property address. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Client request to waive. |
Response 1 (XX/XX/XXXX XX:XXPM) Client request to waive based on compensating factors. (Waived) |
Comp factors - XXXX, LTV XXXX%, DSCR XXXX and Reserves $XXXX. | 3 | 2 | 3 | 2 | ||
| XXXX | 2144416 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2127055 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2127055 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file is missing the required Business Purpose Affidavit | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2127055 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The guidelines indicate the amount of hazard insurance coverage must at least equal the lesser of the insurers established Replacement Cost or the unpaid principal balance of the mortgage, as long as it equals a minimum of XXXX% of the property’s insurable replacement cost (as established by the property insurer). The insurers established Replacement Cost amount is $XXXX. The evidence of insurance reflects Dwelling/Other Structure coverage totaling $XXXX. The $XXXX coverage amount is > the $XXXX unpaid principal balance of the mortgage, but is not a minimum of XXXX% ($XXXX) of the property’s insurable replacement cost. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) $XXXX RCV Rebuttal 2 (XX/XX/XXXX XX:XXPM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) Coverage does not meet guidelines. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2127055 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144404 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144404 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144404 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2112649 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Prepayment Addendum is missing. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED Rebuttal 2 (XX/XX/XXXX XX:XXPM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The Mortgage and PPP rider have been provided; please provide the PPP addendum to the Note. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2112649 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2112649 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2127949 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2127949 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Other | XXXX | The XXXX #XXXX statement reflected a large transfer on XX/XX/XXXX for $XXXX. The source of the funds was XXXX #XXXX-XXXX located in XXXX. The statement provided is in Spanish. Per the lender's guidelines all documents in the mortgage file must either be in English or accompanied by a translation into English. The translation must be prepared by an unaffiliated 3rd party that cannot be the borrower, lender, loan officer, or anyone with a direct interest in the transaction. The loan file did not contain a translation. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2127949 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Power of Attorney | XXXX | The subject loan closed using a POA. Per the lender’s guidelines the borrower may use an attorney-in-fact, who is an authorized person to act by a power of attorney, to sign documents on their behalf at closing based on certain circumstances, such as active military duty, where the service member is on overseas duty or on an unaccompanied tour and cannot be present to execute loan documents at the closing. To complete the loan transaction using an attorney-in-fact the following requirements must be met: The borrower must explain the hardship for the use of a POA, describing why the borrower was unable to execute documents in person and at least one borrower on the transaction must physically sign the loan documents, unless the borrower is military service member on active duty and the attorney-in-fact is the service member’s relative. The letter of explanation does not explain the hardship for use of the POA, only stating a close family member is ill and she may have to travel on short notice before closing. This does not qualify as a hardship. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) LOE provided. |
Response 1 (XX/XX/XXXX XX:XXPM) LOE provided and POA being put in place due to a ill family member and borrower may have to travel at a moments notice. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2127949 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144414 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144414 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144414 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137623 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137623 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137623 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144407 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144407 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144407 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133440 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133440 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133440 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133446 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133446 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133446 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2112663 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2112663 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2112663 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144665 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2144665 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144665 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139972 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139972 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139972 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2129530 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. Page XXXX of the Assignment of Leases and XXXX does not reflect the borrower as an "authorized person" for the entity as assignor. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2129530 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2129530 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2123306 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2123306 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Employment History | XXXX | The subject loan does not meet Program Parameters for employment history. XXXX for The loan application reflects the co-borrower was employed at a school for XXXX year and XXXX months. The file contained a WVOE dated XX/XX/XXXX that reflects the co-borrower was a custodian with a start date of XX/XX/XXXX which is XXXX year and XXXX months. Per the lender's guidelines a minimum history of XXXX years of employment is recommended. No compensating factors were listed. Client to approve downgrading finding. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) exception provided |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
XXXX. $XXXX per month residual income. XXXX months of reserves. | 3 | 2 | 3 | 2 | ||
| XXXX | 2123306 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2123293 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2123293 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2123293 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129531 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) refund to borrower |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2129531 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2129531 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. LCA score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2120079 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2120079 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Cash to Close | XXXX | The file did not contain evidence the borrower had the proper amount of funds required to close and for reserves. The subject transaction is the purchase of an investment property and closed in the name of the borrower’s business (XXXX% owner), XXXX. Total required assets to close $XXXX and reserves $XXXX total $XXXX. The loan file contained a bank statement, ENT #XXXX and retirement funds in the Empower accounts (#XXXX; #XXXX), are in the name of the non-borrowing spouse only. Use of NBS assets and/or gift funds are not allowed on purchase of investment properties. Funds from XXXX #XXXX/XXXX in the name of XXXX are not allowed. Per the lender’s guidelines the business account must be related to a business that the borrower owns and that is reflected on the loan application. Additionally, less than XXXX% ownership requires an access letter from partners allowing the use of the business funds by the borrower and evidence that the withdrawal of funds for the transaction will not have a negative impact on the business. XXXX is not reflected on the loan application and the borrower is XXXX% owner. An access letter was not provided and a CPA letter, CFA or other underwriter justification that the use of the funds will not have a negative impact on the business was not in the file. Investment property transactions require all funds to come from the borrower’s own funds. The NBS is not a member of the LLC (XXXX). As a result, there was a total asset shortage of $XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Additional doc provided. |
Response 1 (XX/XX/XXXX XX:XXPM) Additional asset doc in the name of the borrower provided and meets cash to close and reserves. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2120079 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2123307 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable | XXXX | Non- Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ICD and proof received provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2123307 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Interested Party Contribution - Exceeds | XXXX | The subject transaction is a purchase of a primary residence at XXXX% LTV. Per the lender’s guidelines the maximum allowable contribution from interested parties with an LTV greater than XXXX% is XXXX% (XXXX% = $XXXX). The CD reflects IPCs of $XXXX. | Waived | Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
XXXX (XX/XX/XXXX XX:XXPM) Investor reviewed and elects to waive. Noted Compensating factors: XXXX qualifying credit score, $XXXX verified reserves, |
XXXX. XXXX months of reserves. $XXXX per month residual income. | 3 | 2 | 3 | 2 | ||
| XXXX | 2123307 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137624 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137624 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137624 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144674 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144674 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144674 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148769 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148769 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148769 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137625 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137625 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137625 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2116857 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2116857 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2116857 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2114570 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2114570 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | Lender exception in file as the subject loan does not meet Program Parameters for housing history. The loan application reflected the borrower was renting. A VOR from a private individual was provided; however, only XXXX, XXXX and XXXX payments could be independently verified. Additionally, the borrower was a FTHB and the property was in a declining market. Per the lender's guidelines borrowers who live rent-free or without a complete XXXX-month housing history are allowed, with the following restrictions: Maximum XXXX% LTV. The subject loan was the purchase of a primary residence at XXXX% LTV. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) excepti9on provided |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating factors: Monthly reserves are verified and at least XXXX months more than guidelines minimum; XXXX less than XXXX% and at least XXXX% less than guideline maximum; Borrower has worked in same job more than XXXX years; Borrower has worked in same industry more than XXXX years; Borrower has verified residual income (disposal income) of at least $XXXX per month | 3 | 2 | 3 | 2 | ||
| XXXX | 2114570 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2123319 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2123319 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Property Type | XXXX | XXXX in file for one unit of the two-unit property being less than XXXX square feet. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
Compensating Factors: Monthly reserves are verified and at least XXXX months more than guideline minimum. | 3 | 2 | 3 | 2 | ||
| XXXX | 2123319 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA Dated XX/XX/XXXX supported the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2121281 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2121281 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2121281 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2135995 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2135995 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The file is missing the EIN/W9 required for loans vested in an LLC. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2135995 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | A lender exception was provided to allow for unverifiable housing history on the subject loan. XXXX months cancelled checks were not provide. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating Factors: borrower has a XXXX credit score and the LTV is XXXX. | 3 | 2 | 3 | 2 | ||
| XXXX | 2135995 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | A lender exception was provided to allow for use of XXXX rental and waiving lease for the tenant occupied property. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating Factors: borrower has a XXXX credit score and the LTV is XXXX. | 3 | 2 | 3 | 2 | ||
| XXXX | 2135995 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2126959 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2126959 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State HPML | XXXX | The loan failed the State HPML. This loan failed the XXXX rate spread home loan test. (XXXX GS §XXXX-XXXXF(a)(XXXX)) The loan is a rate spread home loan, as defined in the legislation. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2126959 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2126959 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137001 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prohibited Fees | XXXX | The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Lender closing fee. The loan fails the prohibited fees test by $XXXX. The loan amount is $XXXX or more, and the transaction's total points and fees is $XXXX, which exceeds XXXX percent of thetotal loan amount of $XXXX | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2137001 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137001 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2127934 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2127934 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2127934 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2120075 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Appraisal fee and Credit Report fee. A cost to cure in the amount of $XXXX is required of which $XXXX was cured at closing. A remaining cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Lender became aware of the fee XXXX/XXXX and re-disclosed XXXX/XXXX Rebuttal 2 (XX/XX/XXXX XX:XXAM) invoice provided shows there was a management fee added Rebuttal 3 (XX/XX/XXXX XX:XXPM) PCCD docs provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The Appraisal Invoice has been provided and the increase to the Appraisal fee was disclosed within XXXX days as required; however, a reason for the increase has not been provide. Please provide details as to why the Appraisal fee increased. A cost to cure in the amount of $XXXX remains. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The addition of a Management fee is not a valid reason for the XXXX fee to increase. A cost to cure in the amount of $XXXX remains. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2120075 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Liabilities - Collection Account | XXXX | Lender exception in file as the subject loan does not meet guidelines for Judgements, Liens, Charge-Offs, Collections. The credit report reflected a collection/settlement agreement with XXX XXX, a student loan, with a settlement balance of $XXXX and monthly payment of $XXXX. Per the lender’s guidelines the collections and charge-offs equal to or greater than XXXX months old with a balance greater than $XXXX per occurrence must be paid in full prior to or at closing. The collection was not paid off at closing. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) exception provided |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
Compensating factors: Monthly reserves are verified and at least XXXX months more than guidelines minimum; Borrower has worked in same job more than XXXX years; Borrower has worked in same industry more than XXXX years Borrower has verified residual income (disposal income) of at least $XXXX per month |
3 | 2 | 3 | 2 | ||
| XXXX | 2120075 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2121303 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The Assignment of Leases and XXXX is missing the borrowers printed names on the signature lines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ATTACHED Rebuttal 2 (XX/XX/XXXX XX:XXAM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to cure the finding.The executed Assignment of Leases and Rents rider has been reviewed and acceptable. The Letter of Intentcannot be used to cure the exception, re-recording the document is thecure. Please provide evidence when the documents have been recorded. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2121303 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Investor approved to resolve. |
Response 1 (XX/XX/XXXX XX:XXPM) Investor approved to resolve overlay as correspondent will take on the risk under reps and warrants. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2121303 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The guidelines indicate a FTHB is ineligible. The XXXX has rented their primary residence for XXXX years and has never had ownership interest in real property. | Waived | Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
XXXX (XX/XX/XXXX XX:XXAM) Investor reviewed and elects to waive. Noted compensating factors: DSCR of XXXX, $XXXX in reserves, XXXX with XXXX lates. |
XXXX. XXXX DSCR. Experienced Investor. | 3 | 2 | 3 | 2 | ||
| XXXX | 2121303 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2127942 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2127942 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | Lender exception in file as the subject loan does not meet Program Parameters for housing history. The loan application reflected the borrower was renting. The XXXX, XXXX and XXXX payments were made by the non-borrowing spouse (NBS). The first four monthly payments were made by the borrower. Prior to renting the borrower owned a property from XXXX – XXXX. Per the lender's guidelines borrowers without a complete XXXX-month housing history are allowed, with the following restrictions: Maximum XXXX% LTV. The subject loan was the purchase of a primary residence at XXXX% LTV. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating factors: Housing payment history is 0x30x24 or better; Borrower has worked in same job more than XXXX years; Borrower has worked in same industry more than XXXX years; Borrower has verified residual income (disposal income) of at least $XXXX per month; NBS made last XXXX months existing primary rent payments will also be on title and reside in the subject property. Using NBS assets. | 3 | 2 | 3 | 2 | ||
| XXXX | 2127942 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2133445 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2133445 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | XXXX provided for 1x90 mortgage late with mortgage being in dispute. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Attached Rebuttal 2 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) Exception not received. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
Compensating Factors: DSCR XXXX | 3 | 2 | 3 | 2 | ||
| XXXX | 2133445 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2127932 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2127932 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state “All Perils” or meet one of the three options provided in overlay to Correspondent. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Investor approved to resolve. |
Response 1 (XX/XX/XXXX XX:XXPM) Investor approved to resolve overlay as correspondent will take on the risk under reps and warrants. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2127932 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score was XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2132470 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The name of the XXXX on the PUD rider, XXXX, differs from the name of the PUD stated in the Legal Description and appraisal, XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Appraisal confirms the neighborhood name is XXXX |
Response 1 (XX/XX/XXXX XX:XXPM) The information provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2132470 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Minimum Reserves | XXXX | The guidelines state XXXX months reserves are required. The file is short $XXXX the required XXXX months reserves. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) exception provided |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
XXXX. $XXXX per month residual income. | 3 | 2 | 3 | 2 | ||
| XXXX | 2132470 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The file is missing verification of taxes for the borrowers property located at XXXX XXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) doc provided |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2132470 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2132212 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2132212 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2132212 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136989 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136989 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136989 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2121299 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - 10% Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Recording Fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX provided showing fees reduced within tolerance Rebuttal 2 (XX/XX/XXXX XX:XXAM) PCCD provided showing lower fees |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The ALTA has bene provided with the updated fees. Please provide an LOE and PCCD with updates fees for review and testing. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2121299 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Minimum Reserves | XXXX | The file is short of the required reserves by $XXXX. Cash to close $XXXX, POC's $XXXX Required reserves $XXXX = $XXXX. Assets XXXX $XXXX, XXXX XXXX $XXXX, XXXX $XXXX, XXXX $XXXX & XXXX $XXXX = $XXXX. Short reserves of $XXXX. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Investor approved to waive. |
Response 1 (XX/XX/XXXX XX:XXPM) Investor approved to waive based on compensating factors. (Waived) |
Compensating Factors: XXXX, Monthly reserves are verified AND at least XXXX months more than guideline minimum, Borrower has worked in same job more than XXXX years | 3 | 2 | 3 | 2 | ||
| XXXX | 2121299 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | XXXX provided for: VOR is completed by a individual - sourced payments except XXXX and Nov that were paid cash. Requesting anexception for unverifiable housing history. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Exception provided |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
Compensating Factors: XXXX, Monthly reserves are verified AND at least XXXX months more than guideline minimum, Borrower has worked in same job more than XXXX years | 3 | 2 | 3 | 2 | ||
| XXXX | 2121299 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2122541 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2122541 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2122541 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2127943 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2127943 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2127943 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137668 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137668 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137668 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2123320 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2123320 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | Lender exception for guidelines only allowed a maximum LTV of XXXX% when a borrower lived rent-free for the prior XXXX-month period. The application and rent-free letter indicate the borrower has lived rent free for XXXX years and the LTV was XXXX%. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
Compensating Factors: XXXX, Employed XXXX years, XXXX months of reserves | 3 | 2 | 3 | 2 | ||
| XXXX | 2123320 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Occupancy | XXXX | XXXX for guidelines did not allow investment properties when a borrower lived rent-free for the prior XXXX-month period. The application and rent-free letter indicate the borrower has lived rent free for XXXX years and the subject was an investment property. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
Compensating Factors: XXXX, Employed XXXX years, XXXX months of reserves | 3 | 2 | 3 | 2 | ||
| XXXX | 2123320 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2121301 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. Page one of the Assignment of Lease and Rents Rider lists the borrowers in their individual name; however, the borrower is an entity. The top of page one the borrowers name to be corrected to reflect the entity name not the individuals. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2121301 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2121301 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2129539 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129539 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129539 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2125255 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2125255 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | State HPML | XXXX | The loan failed the State HPML. This loan failed the XXXX HOEPA higher-priced mortgage loan test.The loan is a higher-priced mortgage loan, as defined in the legislation. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2125255 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - 10% Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Closing Protection Letter $XXXX, Lender's Title Insurance Policy $XXXX, Title - Document Preparation Fee $XXXX and Title Examination Fee $XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) PC Rebuttal 2 (XX/XX/XXXX XX:XXPM) cure |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to cure the finding. The baseline from the Initial LE included the following fees that were not included on the Final CD: Title - Binder/Commitment $XXXX and Title - Lenders Endorsements $XXXX. If a disclosed fee listed on the LE that was originally in the XXXX% bucket is not charged on the Final CD, then it has to be removed from the total amount in the XXXX% bucket for good faith comparison purposes. The baseline is $XXXX, XXXX. A cost to cure in the amount of $XXXX remains. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2125255 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2125255 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2127951 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The Assignment of Lease and Rents Rider lists the borrowers in their individual names, however the borrower is the entity. Require borrower name to be corrected to reflect the entity name and not the individuals. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ATTACHED Rebuttal 2 (XX/XX/XXXX XX:XXAM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The corrected Assignment of Leases and rents has been provided along with a Processors Cert stating a request for re-recording. Please provide the re-recorded documents for review or evidence from the county they have been sent for recording. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2127951 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | Lender exception in file as the subject loan does not meet program parameters for LTV. The subject property is rural; therefore, the maximum allowable LTV/CTLV is XXXX%. The subject loan closed at XXXX% LTV. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) Response 2 (XX/XX/XXXX XX:XXAM) Apologies. Waiver granted by Investor. (Waived) |
Compensating factors: Housing payment history is 0x30x24 or better | 3 | 2 | 3 | 2 | ||
| XXXX | 2127951 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2129543 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129543 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129543 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129541 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the Settlement statement provided in the loan file was the FINAL binding Settlement statement, as it was not signed, stamped or certified. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2129541 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Signature Discrepancy | XXXX | The borrower is an entity however the XXXX was signed as Individual. Page one of mortgage only listed the entity and Title only listed borrower as entity. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) corrected note & tracking |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2129541 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The borrower is an entity. The 1st page of the Assignment of Rents lists the borrower as an Individual; the entity name should be listed. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) intent, re-record Rebuttal 2 (XX/XX/XXXX XX:XXPM) recorded XXXX/XXXX |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The LOI and corrected Mortgage have been provided; the LOI cannot be used to cure the finding; please provide evidence of re-recording. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2129541 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The Mortgage and all riders have been signed by the individual. The borrower is the entity only, not the individual based on pg.XXXX of the Mortgage and Title Policy. A new Mortgage and Assignment of Leases and XXXX executed only as the member of the entity is required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) intent, re-record Rebuttal 2 (XX/XX/XXXX XX:XXPM) recorded XXXX/XXXX |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The LOI and corrected Mortgage have been provided; the LOI cannot be used to cure the finding; please provide evidence of re-recording. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2129541 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | XXXX in the file for XXXX unit subject property with one unit under XXXX square feet. Client to approve downgrading finding based on compensating factors. ? | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) approval |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
Compensating Factors: LTV Less than XXXX% and at least XXXX% less than guideline maximum, XXXX higher than XXXX and at least XXXX greater than guideline minimum, Housing payment history is XXXX x XXXX x XXXX | 3 | 2 | 3 | 2 | ||
| XXXX | 2129541 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX supported the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136039 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136039 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136039 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2135998 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Compliance Finding - Missing Business Purpose Documentation | XXXX | There are additional XXXX. There are conflicting Occupancy Certification in file. The Affidavit of Occupancy dated XX/XX/XXXX was hand marked by the borrower as XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) LOE provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2135998 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Missing | XXXX | The Security Instrument (Mortgage/Deed of Trust) is missing. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) dot provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
4 | 1 | 3 | 1 | |||
| XXXX | 2135998 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2135998 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA Dated XX/XX/XXXX supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2129569 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129569 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129569 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2127936 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2127936 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2127936 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141223 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 2 | 2 | |||||
| XXXX | 2141223 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | State HPML | XXXX | This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX, XXXX Financial Code Division XXXX 4995(a))Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 2 | 2 | |||||
| XXXX | 2141223 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prohibited Fees | XXXX | The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Collateral desktop analysis. The loan fails the prohibited fees test by $XXXX. The loan charged more than one appraisal fee. (XXXX Fin. Code §XXXX) | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2141223 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2141223 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142408 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142408 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Appraisal - Repairs | XXXX | Theappraisal photos of the subject property reflect bars on the only exit within the bedroom, butthere are no appraiser comments regarding safety release latches/slides which is required or for the bars to be removed from the bedroom window. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXAM) XXXX, smoke detectors, bedroom security bars with safety release latches. XXXX detectors are not installed nor required. Appliances are considered personal property. Appraiser comments are on page XXXX |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Resolved) |
1 | 1 | 2 | 2 | |||
| XXXX | 2142408 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Condo - Other | XXXX | The loan file contains a lender exception to allow a condo HOA master policy with insufficient fidelity coverage with less than XXXX months at $XXXX the minimum required is XXXX months at $XXXX. Client to approve based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating Factors: XXXX+ mons reserves, experienced investors | 3 | 2 | 2 | 2 | ||
| XXXX | 2142408 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU is XXXX. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2129571 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129571 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129571 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133447 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133447 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | XXXX provided for the credit report being XXXX days old as of the application date. Client to approve downgrading finding based on compensating factors. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) exception provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
Compensating Factors: XXXX months Reserves, Housing payment history is 0x30x24 or better, Borrower has worked in same job more than XXXX years | 3 | 1 | 3 | 1 | ||
| XXXX | 2133447 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2129584 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX% the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2129584 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Credit Report Fee. A cost to cure in the amount of $XXXX is required. Additionally, a valid change of circumstance was not provided for the increase to the Recording Fee. Therefore, the increase was not accepted. A total cost to cure in the amount of $XXXX is required, of which $XXXX was cured at closing. There is a remaining cost to cure in the amount of $XXXX. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) principal reduction for lender cure |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2129584 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Earnest Money Deposit | XXXX | The earnest money deposit was not properly documented and/or sourced. The subject transaction was the purchase of a for sale by owner, purchased by the borrower from the current landlord. Therefore, the transaction is non-arm’s length and at-interest party transaction. Per the lender’s guidelines for this type of transaction a cancelled check verifying the earnest money deposit is required. The loan file only contained a letter from the escrow holder stating a $XXXX EMD was made; however, a copy of the check was not provided as required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) EMD |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
4 | 1 | 3 | 2 | |||
| XXXX | 2129584 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | The LTV does not meet the minimum program eligibility guidelines. The subject transaction was the purchase of a for sale by owner, purchased by the borrower from the current landlord. Therefore, the transaction is non-arm’s length and at-interest party transaction. Per the lender’s guidelines for this type of transaction the maximum LTV/CLTV is XXXX%. The subject transaction closed at XXXX% LTV/CLTV. | Waived | Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX (XX/XX/XXXX XX:XXPM) Client reviewed and elects to waive. Noted Compensating factors: XXXX% DTI, $XXXX monthly verified reserves, $XXXX verified reserves |
XXXX. XXXX% DTI. XXXX months of reserves. | 3 | 2 | 3 | 2 | ||
| XXXX | 2129584 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2135996 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 4 | 1 | |||||
| XXXX | 2135996 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Borrower - Residency Alien Documentation | XXXX | The loan application reflects the co-borrower is a permanent resident alien. Per the lender's guidelines evidence of the borrower’s legal right to live and work in the XXXX is required with a copy of Permanent Resident Card (Form I-XXXX also known as the “Green Card”); front and back of the card required. This was not found in the loan file. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) perm res card |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
4 | 1 | 4 | 1 | |||
| XXXX | 2135996 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 4 | 1 | |||||
| XXXX | 2129545 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129545 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2129545 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133296 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133296 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133296 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2132219 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The borrower is an entity. The 1st page of the Assignment of Rents lists the borrower as an Individual; the entity name should be listed. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) scriveners recorded to correct borrower name on page XXXX of ALR rider |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132219 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2132219 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141242 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141242 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141242 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144439 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term does not conform to the State Regulations where the property is located. The state of XXXX does not allow a prepayment term for XXXX-XXXX units with a loan amount less than $XXXX, the loan has a XXXX month prepayment term and loan amount of $XXXX. The loan fails the prepayment test by XXXX months. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Per our guidelines, a prepayment penalty is allowed if loan is vested in an LLC. See section 202. |
Response 1 (XX/XX/XXXX XX:XXAM) The information provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144439 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144439 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. The loan file did not contain a CDA and the CU score is XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) CDA |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2148766 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148766 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148766 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136002 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136002 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136002 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136020 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | ROR - Timing | XXXX | The XXXX does not provide the borrower with XXXX business days to rescind the transaction. The rescission date is XXXX business days after the consummation date, the date the borrower receives the Final TIL/HUD-XXXX, or the date the borrower receives the Notice of Right to Cancel, whichever occurs last. The rescission date noted on the Right to Cancel Notice is XX/XX/XXXXl the finding date is XX/XX/XXXX. The borrower was not given XXXX business days to rescind. Truth in XXXX (Regulation Z) 12 CFR 1026.23(b)(1)(v), (a). Additionally, rescission needs to be re-opened. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Final SS shows the loan funded XXXX/XXXX and is compliant |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136020 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD - Closing Information/Disbursement Date | XXXX | Additional Finding: XX/XX/XXXX. The CD issued on XX/XX/XXXX does not reflect the correct Disbursement Date when compared to the ALTA Statement. Truth in XXXX (Regulation Z) 12 CFR 1026.38(a)(3)(iii) | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2136020 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136020 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2127063 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2127063 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The borrower is an entity. The 1st page of the Assignment of Rents lists the borrower as an Individual; the entity name should be listed. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2127063 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2127063 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX supported the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2131379 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2131379 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | XXXX provided for Borrower acting as real estate agent and will apply his commission toward closing costs. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) approval |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
Compensating Factors: XXXX, Housing payment history is 0x30x24 or better | 3 | 2 | 3 | 2 | ||
| XXXX | 2131379 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2135997 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD/Lender Credits that Cannot Decrease (Disclosure Timing Fail) | XXXX | The loan failed the Lender Credits that Cannot Decrease Test. Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following decrease: Lender credit. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) CIC provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2135997 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable | XXXX | Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ICD provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2135997 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (Disclosure Timing Fail) | XXXX | The loan failed the charges that cannot increase test. Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following increase: Credit Report. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) PCCD docs provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2135997 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2135997 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2129546 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - LE/Revised Delivery Date (after issue of CD) | XXXX | The loan failed the Loan Estimate delivery date test (after issuance of Closing Disclosure). The Initial Loan Estimate issued on XX/XX/XXXX and signed by the borrower on XX/XX/XXXX was issued after the CD issued on XX/XX/XXXX signed by the borrower on XX/XX/XXXX. Truth in XXXX (Regulation Z) 12 CFR 1026.19(e)(4)(ii) | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2129546 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2129546 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133457 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The Assignment of Leases and XXXX does not accurately reflect the Entity name as the borrower on page XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2133457 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133457 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2132215 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable | XXXX | Non- Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ICD provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132215 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Interested Party Contribution - Exceeds | XXXX | The final CD reflects a broker credit from XXXX for $XXXX. Per the lender's guidelines all IPCs must be properly disclosed in the sales contract, appraisal documents, Loan Estimate and Closing Disclosure and be compliant with applicable federal, state, and local law. The appraisal and purchase agreement did not indicate any IPCs/broker credits and the loan file did not contain an addendum for broker credits. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) XXXX provided |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132215 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133453 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2133453 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | A lender exception was provided to allow for the subject property with a LTV of XXXX%, which exceeds the XXXX for rural cash-out refinances of XXXX%. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) approval |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
Compensating Factors: XXXX credit score and more than XXXX months reserves. | 3 | 2 | 3 | 2 | ||
| XXXX | 2133453 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2129557 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2129557 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | XXXX provided for XXXX% LTV when the borrower lives rent free. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) approval |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
Compensating Factors: XXXX, DTI XXXX% | 3 | 2 | 3 | 2 | ||
| XXXX | 2129557 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CDA provided and supports original appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136033 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX . The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136033 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | The LTV does not meet the program eligibility guidelines. The subject transaction is the purchase of a primary residence at XXXX% LTV based on an appraised value of $XXXX. The loan file contained an exception to use the higher of the two values. Per the exception the first appraisal value was $XXXX and a reconsideration of value was completed at $XXXX. The exception was not approved and was subject to commentary from the appraiser. The appraisal reflects the subject property value is $XXXX; however, the final opinion of value was rounded up to $XXXX per the appraiser. Using the lower of the two values the LTV increases to XXXX% which exceeds the maximum allowable of XXXX%. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Approved exception to use higher of the values |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX. XXXX%. XXXX months of reserves. | 3 | 2 | 3 | 2 | ||
| XXXX | 2136033 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136042 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136042 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136042 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141257 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2141257 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - Other | XXXX | Lender exception provided for borrower living rent free and unable to obtain a signed and dated letter from the owner stating borrower living rent-free and what relationship to the borrower as borrower and individual no longer living together and not on speaking terms. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) exception provided |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating factors: DTI XXXX% vs XXXX allowed DTI XXXX%; borrower same line of work since XXXX. | 3 | 2 | 3 | 2 | ||
| XXXX | 2141257 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Missing - One or More Reports Missing | XXXX | The credit report is dated XX/XX/XXXX with reissue date of XX/XX/XXXX. The loan closed XX/XX/XXXX. Guidelines require a gap credit or Undisclosed Monitoring report no more than XXXX days prior to loan closing or any time after closing and is missing from the file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) UDM provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2141257 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please clear |
Response 1 (XX/XX/XXXX XX:XXPM) No longer required for this XXXX. (Void) |
1 | 1 | 3 | 2 | |||
| XXXX | 2141257 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2127948 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2127948 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Contract - Concessions | XXXX | The loan file reflects seller concessions of $XXXX, exceeding the XXXX allowable amount of $XXXX by $XXXX. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) The total closing cost is XXXX, which includes the $XXXX appraisal fee paid outside of closing. Seller concessions do not exceed this amount. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Void) |
1 | 1 | 1 | 1 | |||
| XXXX | 2127948 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136006 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136006 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136006 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141227 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2141227 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2141227 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2136996 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136996 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - Other | XXXX | The loan file is missing a gap credit or undisclosed debt monitoring report dated no more than XXXX days prior to the loan closing or any time after as required per investor guidelines. The credit report is dated XX/XX/XXXX with a note date of XX/XX/XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) UDM provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136996 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2127950 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Credit Report. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2127950 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2127950 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. LCA Score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2132473 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2132473 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2132473 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2135999 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2135999 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2135999 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133454 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2133454 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2133454 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2129574 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2129574 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Title Commitment - Other | XXXX | The proposed lender name on the title policy reflects The XXXX. Policy should reflect XXXX.. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2129574 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136017 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136017 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136017 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136012 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136012 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The subject loan does not meet Program Parameters for housing history. The loan application reflects the borrower rents their primary residence for XXXX years $XXXX per month. The loan file contained a VOR from a private individual. Per the lender’s guidelines if the source of the VOR is a party other than a professional management company XXXX months of borrower’s canceled checks or bank statements are required. The loan file did not contain XXXX months borrower’s canceled checks or bank statements. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Cert provided |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation and documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136012 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137014 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137014 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137014 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136030 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136030 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136030 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136000 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136000 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136000 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142431 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142431 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - Other | XXXX | There are additional observations that could impact the credit decision and/or quality of the loan. The loan file did not contain a UDD/Undisclosed Debt Disclosure report as require per the guidelines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) UDM provided |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2142431 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - Other | XXXX | There are additional observations that could impact the credit decision and/or quality of the loan. The loan file did not contain documentation evidencing the borrower's ownership in the business as required per the guidelines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) The business is "XXXX" and we are using personal statements so logically we can conclude XXXX is the sole owner |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2142431 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Verification Documentation - VOE Self-Employed/Missing | XXXX | A VOE is missing from the loan file. The loan file is missing a Verification of Self-Employment for the borrower as required per the guidelines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Doc provided is within XXXX days of note date as required per guidelines Rebuttal 2 (XX/XX/XXXX XX:XXAM) VOE provided showing business was receiving deposits XXXX/XXXX and the business is open and doing business |
Response 1 (XX/XX/XXXX XX:XXPM) PTIN validation was over XXXX days old on the XXXX date. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2142431 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133450 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133450 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133450 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136013 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136013 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136013 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2132474 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The Assignment of Leases and XXXX does not accurately reflect the Entity name as the borrower on page XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) intent and scriveners affidavit Rebuttal 2 (XX/XX/XXXX XX:XXAM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The LOI and XXXX have been provided; the LOIF cannot be used to cure the finding; please provide evidence of re-recording. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132474 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - Other | XXXX | The Note was dated XX/XX/XXXX. The lender guidelines and underwriting conditional approval required a gap credit or undisclosed debt monitoring report no more than XXXX days prior to the loan closing or any time after closing. The undisclosed debt monitoring report was not provided as required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) gap cr |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2132474 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136011 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136011 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | HELOC - Closure Letter | XXXX | Loan file does not contain evidence to verify XXXX #XXXX closure as required. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) HE loan paid off |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation and documentation received is sufficient. (Void) |
1 | 1 | 3 | 2 | |||
| XXXX | 2136011 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | The LTV does not meet the program eligibility guidelines. The subject transaction was approved as a cash-out refinance of a primary residence at XXXX% LTV. The appraisal reflects the subject property is in a rural area. The max LTV for a cash-out rural property is XXXX%. Additionally, the subject property was recently listed for sale and withdrawn from the market on XX/XX/XXXX (Note date XX/XX/XXXX). Per the lender’s guidelines for cash-out transactions, if the subject property was listed for sale in the XXXX months prior to application date, a XXXX% LTV reduction from the maximum available for the specific transaction is required. As a result, the XXXX allowable LTV is XXXX%. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Exception provided |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX. XXXX months of reserves. $XXXX per month residual income. | 3 | 2 | 3 | 2 | ||
| XXXX | 2136011 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137667 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137667 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137667 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136023 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136023 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136023 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137635 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137635 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137635 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2132220 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - 10% Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Recording Fees. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Lender Cure |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2132220 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (Revised Disclosure Late) | XXXX | The loan failed the charges that in total cannot increase more than XXXX% test. Because the change occurred on XX/XX/XXXX, and consumer was not provided the disclosure within XXXX days of the change, the increase to the following fees was not accepted as valid: Credit Report Fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Lender Cure |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2132220 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2132220 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2151736 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2151736 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | XXXX provided to allow a Non-Arm’ s-Length and At-Interest Transaction with XXXX% LTV. The buyer is the acting real estate agent. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating Factors: XXXX, DTI XXXX, Reserves exceed XXXX months | 3 | 2 | 3 | 2 | ||
| XXXX | 2151736 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137658 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137658 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137658 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137660 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137660 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137660 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141260 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141260 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141260 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136991 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section of the Note is incomplete: The Note indicates that a Prepayment Penalty addendum is attached, however there is no Prepayment Addendum to the Note. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) doc provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136991 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136991 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137645 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137645 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137645 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141249 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141249 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141249 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, that supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136021 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136021 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136021 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136037 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136037 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Minimum Reserves | XXXX | Sufficient reserves to meet underwriting requirements were not verified in the file. The subject transaction is a rate/term refinance of a primary residence. Per the lender’s guidelines less than XXXX% ownership requires an access letter from partners allowing the use of the business funds by the borrower. The business account with XXXX #XXXX, in the name of XXXX was used towards reserves. The business narrative and CPA letter confirm the borrower is XXXX% owner of this business. An access letter from the other partners was not found in the loan file. As a result, the borrower was short $XXXX in reserves. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) access letter provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136037 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The subject loan does not meet Program Parameters for a rateand term refinance. The loan file contained an escrow waiver. The closingdisclosure reflected XXXX months property taxes paid to XXXX TaxCollector. Per the lender’s guidelines no portion of the loan proceeds may beused to pay property taxes for a rate/term refinance transaction. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Proceeds aren&#XXXX;t being used as borrower is required to bring funds to close |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Void) |
1 | 1 | 3 | 1 | |||
| XXXX | 2136037 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2133461 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133461 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133461 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141255 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141255 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141255 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142411 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142411 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142411 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136003 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136003 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136003 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144409 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144409 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144409 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139973 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139973 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Missing - One or More Reports Missing | XXXX | Credit report dated XX/XX/XXXX. Guidelines require a gap credit report or Undisclosed Monitoring report no more than XXXX days prior to the loan closing or any time after closing. The loan closed XX/XX/XXXX and the report is missing from the file as required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) UDM provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139973 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Please clear |
Response 1 (XX/XX/XXXX XX:XXPM) No longer required for XXXX. (Void) |
1 | 1 | 3 | 2 | |||
| XXXX | 2139973 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Mortgage History - Missing/Incomplete | XXXX | Guidelines require mortgage payments to be current in the month prior to the note date which is XX/XX/XXXX. The mortgage statement with XXXX due for XX/XX/XXXX for the property at XXXX. and is not current as required. | Waived | Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX (XX/XX/XXXX XX:XXPM) Investor reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, XXXX% DTI, $XXXX monthly residual income |
XXXX. XXXX% DTI. XXXX months of reserves. | 3 | 2 | 3 | 2 | ||
| XXXX | 2139973 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136993 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Name Discrepancy | XXXX | The Prepayment XXXX lists the borrowers in their individual name, however the borrower is the entity. The signature line only listed the individual name needs to be corrected to reflect the entity name and XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) docs provided |
Response 1 (XX/XX/XXXX XX:XXAM) The documents provided are sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136993 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The Prepayment Rider lists the borrowers in their individual name, however the borrower is the entity. The signature line only listed the individual name needs to be corrected to reflect the entity name and XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) doc provided |
Response 1 (XX/XX/XXXX XX:XXAM) The documents provided are sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136993 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136993 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141224 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141224 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141224 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136007 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136007 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136007 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142425 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142425 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142425 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136005 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136005 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Title Commitment - Other | XXXX | The Title Commitment is missing the Lender's name as the insured. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136005 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136008 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136008 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | XXXX provided for LLC with less than XXXX years history. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
Compensating Factors: XXXX, DTI XXXX% | 3 | 2 | 3 | 2 | ||
| XXXX | 2136008 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136019 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136019 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136019 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136010 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136010 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Title Commitment - Missing/Incomplete | XXXX | The title commitment/policy is missing. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136010 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139974 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139974 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - Other | XXXX | Address Discrepancy. The Note, Mortgage, Closing Disclosure reflect the city as Duluth. The Flood Certification, Tax Certification, and the borrower's Driver License reflect the city as XXX. A XXX address look up pulled reflects the city as XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please confirm what docs need corrected Rebuttal 2 (XX/XX/XXXX XX:XXAM) Escalated. |
Response 1 (XX/XX/XXXX XX:XXPM) Please correct the city on the Note, Mortgage, and Closing Disclosure to reflect XXXX. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139974 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Missing - One or More Reports Missing | XXXX | The credit report is dated XX/XX/XXXX and the loan closed XX/XX/XXXX. Guidelines require a gap credit or Undisclosed Debt Monitoring report no more than XXXX days prior to the loan closing or any time after closing and is missing from the file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) udm |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139974 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please clear |
Response 1 (XX/XX/XXXX XX:XXPM) No longer required for XXXX. (Void) |
1 | 1 | 3 | 1 | |||
| XXXX | 2139974 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137659 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section of the Security Instrument (Mortgage/Deed of Trust) is incomplete: The legal Description exhibit A is missing. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137659 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137659 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137011 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137011 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) PCCD docs provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2137011 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137011 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137007 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137007 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137007 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136036 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136036 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136036 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137640 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137640 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137640 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137628 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Credit Report Fee. Although the loan file contained a COC document it did not provide a reason for the increase. In addition, the loan file contained an invoice dated XX/XX/XXXX that reflects the charge of $XXXX was paid on XX/XX/XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) cure check to be mailed out by end of today Rebuttal 2 (XX/XX/XXXX XX:XXAM) cure |
Response 1 (XX/XX/XXXX XX:XXPM) Client to Provide documents/response when issued. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2137628 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137628 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2141234 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141234 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141234 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139988 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139988 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | The loan file contains a lender exception for a lease that has expired that does not convert to month-to-month. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) approval |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating factors: XXXX score, XXXX months reserves. | 3 | 2 | 3 | 2 | ||
| XXXX | 2139988 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137629 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137629 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The business narrative form for XXX is missing. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Doc provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137629 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137647 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137647 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137647 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU score of XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133456 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133456 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2133456 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141261 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141261 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141261 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141265 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141265 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable | XXXX | Non- Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ICD provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2141265 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (Disclosure Timing Fail) | XXXX | The loan failed the charges that cannot increase test. Because the loan failed the initial closing disclosure delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following addition: Discount points. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) CIC provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2141265 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141265 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141267 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141267 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141267 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144666 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144666 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144666 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141225 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141225 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141225 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137012 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | Title was in the name of XXXX, but the new mortgage, Assignment of leases and rents rider and Prepayment Rider are in the name of XXXX XXX XXXX. There is no deed transferring title and the AKA only shows them known as XXXX Genea XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) XXXX provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137012 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137012 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136014 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136014 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136014 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137650 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137650 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Missing - One or More Reports Missing | XXXX | The credit report is dated XX/XX/XXXX and the loan closed XX/XX/XXXX. Guidelines require a gap credit or undisclosed monitoring report no more than XXXX days prior to the loan closing or any time after closing and is missing from the file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) UDM provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137650 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142422 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142422 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Score - FICO Refresh | XXXX | The Lender's guidelines requires a minimum credit XXXX for a XXXX contract employee. The origination credit report dated XX/XX/XXXX reflects the Borrower's credit score to be XXXX, which is lower than the required XXXX. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) The XXXX requirement is only applicable for XXXX% LTV, please see guidelines section 206. |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Void) |
1 | 1 | 3 | 2 | |||
| XXXX | 2142422 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Other | XXXX | Exception for YTD income on XXXX borrower being XXXX% less than prior year earnings. (Waived) | Waived | XXXX% DTI. $XXXX per month residual income. XXXX months of reserves. | 2 | 2 | 3 | 2 | ||||
| XXXX | 2142422 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137634 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137634 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Contract - Concessions | XXXX | The seller concessions exceed allowable guidelines by $XXXX. Per guidelines, the maximum amount of concessions allowed for XXXX% is XXXX% or $XXXX. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX% of XXXX = $XXXX Closing costs of $XXXX + items paid in advance by seller $XXXX = TOTAL $XXXX IPCs are within both of these amounts |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Void) |
1 | 1 | 3 | 2 | |||
| XXXX | 2137634 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | The LTV exceeds the program eligibility guidelines by XXXX%. Per guidelines, the maximum LTV for a purchase transaction with a XXXX XXXX is XXXX%. A XXXX% LTV deduction must be applied when the property is located in a declining market, which makes the maximum LTV for this loan file XXXX%. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Please waive per investor comments |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX (XX/XX/XXXX XX:XXPM) Investor reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, $XXXX monthly residual income, Self-employed XXXX years |
XXXX. XXXX% LTV. | 3 | 2 | 3 | 2 | |
| XXXX | 2137634 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137643 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137643 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Minimum Reserves | XXXX | Lender exception in file to allow the borrower to provide evidence of XXXX months reserves at closing as opposed to XXXX months. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Exception provided |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating Factors: LTV under XXXX% & FICO of XXXX | 3 | 2 | 3 | 2 | ||
| XXXX | 2137643 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137669 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137669 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - CLTV | XXXX | Per Lender's guides, XXXX for borrowers living rent free is XXXX%. The borrower lives rent free with parents for the past XXXX years. The CLTV is XXXX%, which exceeds the max of XXXX%. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Please waive based off investor comments |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX (XX/XX/XXXX XX:XXPM) Investor reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, XXXX% DTI, $XXXX monthly residual income |
XXXX. XXXX% DTI. XXXX months reserves. | 3 | 2 | 3 | 2 | |
| XXXX | 2137669 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144415 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144415 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144415 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141226 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141226 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141226 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136031 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136031 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136031 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137631 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - 10% Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the addition to the following fees was not accepted: Survey. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ATTACHED Rebuttal 2 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The E-mail trail does not provide a valid reason for the addition of the Survey or when the Survey was required to determine if the addition was disclosed within XXXX days; the Title - Survey Fee was disclosed on the CD issued on XX/XX/XXXX. A cost to cure in the amount of $XXXX remains. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137631 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137631 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136016 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136016 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136016 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. The loan file contains a CU Score of XXXX | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) CDA provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136038 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136038 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136038 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137632 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following sections of the Note are incomplete: The Loan Agreement and Exhibit B to the Loan agreement show the borrower as an individual and should be shown as the Entity name. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Does not apply, FNMA note does not mention loan agreement. |
Response 1 (XX/XX/XXXX XX:XXPM) The information provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137632 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137632 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142438 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142438 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142438 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a CDA, dated XX/XX/XXXX, that supports the value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136018 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prohibited Fees | XXXX | The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Collateral desktop analysis. The loan fails the prohibited fees test by $XXXX. The loan charged more than one appraisal fee. (XXXX Fin. Code §XXXX) | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2136018 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | Significant debts were not verified on the credit report and not independently verified. The loan file contains a lease agreement for XXXX #XXXX, XXXX. This property is not disclosed on the loan application. Per the lender's guidelines monthly mortgage principal and interest, hazard and flood insurance, real estate taxes, special assessments, association dues and any subordinate financing payments for all real estate owned by the borrower must be included in the DTI. The loan file does not contain any documentation reflecting the costs associated with this property. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) It appears that the lease may have been in this file by accident, uploaded to the wrong loan. I don’t see any of our borrowers listed on it and I pulled the property profile attached and do not see that the borrowers own that property. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation and documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2136018 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137633 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137633 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137633 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136029 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136029 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136029 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142421 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | HOC - Missing | XXXX | The Homeownership Counseling Disclosure (HOC) is missing. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.20(a). | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2142421 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Missing - One or More Reports Missing | XXXX | The credit report is dated XX/XX/XXXX and also XX/XX/XXXX. The loan closed on XX/XX/XXXX. Guidelines require a gap credit or Undisclosed Debt Monitoring report no more than XXXX days prior to loan closing or any time after closing and is missing from the file as required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) UDM provided |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142421 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2141232 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) COC was done due to RUSH being placed at time of order |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2141232 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141232 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139987 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139987 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139987 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141247 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 4 | 1 | |||||
| XXXX | 2141247 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Other | XXXX | The required documentation for the LLC, XXXX , is missing. Per guidelines, the following is missing: filed articles of organization to evidence the existence of the LLC (or equivalent documentation), fully executed operating agreement, and EIN. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) this info is only needed if loan vesting in LLC. Please waive. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Resolved) |
4 | 1 | 4 | 1 | |||
| XXXX | 2141247 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 4 | 1 | |||||
| XXXX | 2137654 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Regulations | XXXX | The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2137654 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137654 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file had a CDA dated XX/XX/XXXX, which supports value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2141262 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141262 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141262 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137664 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137664 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137664 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142409 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142409 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Report - Other | XXXX | The investor guidelines required either a gap credit or undisclosed debt monitoring report no more than XXXX days prior to loan closing or any time after closing. Required documentation was not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) UDM provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2142409 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136041 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136041 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136041 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the current appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137016 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137016 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State HPML | XXXX | The loan failed the State HPML. This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX, XXXX Financial Code Division XXXX 4995(a)). Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXXX Financial Code. The loan is a compliant HPML. Escrow, Prepayment, and XXXX requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137016 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137016 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148787 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2148787 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The loan file is missing statements transaction history spanning XX/XX/XXXX-XX/XX/XXXX for XXXX XXXX | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Escalated. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2148787 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144686 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144686 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144686 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141253 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note are incomplete: XXXX is blank. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Doc provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2141253 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141253 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136028 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136028 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136028 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139980 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term does not conform to the State Regulations where the property is located. The state of XXXX does not allow a prepayment term for XXXX-XXXX units <$XXXX, the loan has a XXXX month prepayment term and loan amount of $XXXX. The loan fails the prepayment test by XXXX months. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Borrower is an LLC |
Response 1 (XX/XX/XXXX XX:XXPM) Finding voided. (Void) |
1 | 1 | 1 | 1 | |||
| XXXX | 2139980 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139980 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137000 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137000 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137000 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141233 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prohibited Fees | XXXX | The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Document Preparation Fee, Lender Closing Fee, Title Certification Fee and Document Storage/Warehousing Fee. The loan fails the prohibited fees test by $XXXX. This loan failed the first XXXX prohibited fees test. (XXXX §XXXX:11C-XXXX, XXXX §§XXXX:XXXX-XXXX). | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2141233 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2141233 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2141238 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141238 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141238 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144667 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144667 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144667 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141228 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD - Loan Disclosures/Escrow Account | XXXX | The Escrow Account Disclosure on the CD issued on XX/XX/XXXX is inaccurate due to the following: The escrow section on the disclosure does not have one of the two boxes checked stating whether the reason they will not have escrows is because they declined it or because the lender does not offer it. Truth in XXXX (Regulation Z) 12 CFR 1026.38(l)(7) | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2141228 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The subject loan does not meet Program Parameters for a cash-out refinance. The loan file contained an escrow waiver. The title reflected the property taxes were past due. The closing disclosure reflected XXXX months property taxes paid to Riverside Tax Collector. Per the lender’s guidelines no portion of the loan proceeds may be used to pay delinquent property taxes (taxes past due more than XXXX days) on a cash-out refinance transaction. | Waived | Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX (XX/XX/XXXX XX:XXPM) Investor reviewed and elects to waive. Noted compensating factors: XXXX% DTI, XXXX qualifying credit score, $XXXX monthly residual income |
XXXX. XXXX% DTI. XXXX% LTV. | 3 | 2 | 3 | 2 | ||
| XXXX | 2141228 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137671 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137671 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137671 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136022 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136022 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136022 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142440 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142440 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142440 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contained a CDA dated XX/XX/XXXX that supported the value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141235 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2141235 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The loan file is missing a recent mortgage statement and/or other documentation to support the $XXXX mortgage payment reflected on the credit report is inclusive of escrows. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Tax cert attached Rebuttal 2 (XX/XX/XXXX XX:XXAM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) Please provide hazard insurance bill for XXXX as well. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX. XXXX% DTI. | 3 | 2 | 3 | 2 | ||
| XXXX | 2141235 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Property Type | XXXX | The guidelines indicate the maximum LTV for the purchase of a Rural property is XXXX%. The subject property is Rural and closed with a XXXX%LTV. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX was updated on XX/XX/XXXX to Suburban - appraiser makes comments on the text addendum to address this Rebuttal 2 (XX/XX/XXXX XX:XXPM) The appraisal was updated on XX/XX/XXXX to reflect Suburban - Revision Request XX/XX/XXXX The subject location was revised to suburban. Although it does have rural characteristics it is only XXXX miles from a supermarket, restaurants, shopping and other services. The subject&#XXXX;s rural characteristic within close proximity to suburban type amenities enhances marketability. |
Response 1 (XX/XX/XXXX XX:XXPM) Property is still considered rural due to agricultural zoning, comp distance, and stable. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The rural and agricultural attributes of the property outweigh the appraiser's unknown reason for changing the designation from rural to suburban. An Investor exception is required. (XXXX) Response 3 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX (XX/XX/XXXX XX:XXPM) Investor reviewed and elects to waive. Noted compensating factors: XXXX% DTI, $XXXX monthly residual income, XXXX qualifying credit score |
XXXX. XXXX% DTI. | 3 | 2 | 3 | 2 | |
| XXXX | 2141235 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137009 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137009 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137009 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142417 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | HOC - Missing | XXXX | The Homeownership Counseling Disclosure (HOC) is missing. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.20(a). | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2142417 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Bank Statements | XXXX | Subject is a purchase money transaction and closing funds including the EMD and POC's in the amount of $XXXX were required. Additionally, reserves in the amount of $XXXX were required to be verified for a total required funds of $XXXX. Final XXXX indicated XXXX business account ending in #XXXX were utilized for the required funds. Subject Note date was XX/XX/XXXX and investor guidelines required XXXX months of the most recent bank statements to support the required funds. Current bank statements were not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) addtl stmts, wire receipt |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
4 | 1 | 3 | 2 | |||
| XXXX | 2142417 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | Borrower owns an additional investment property located on XXXX, XXXX, XXXX. The final XXXX reflected a XXXX mortgage with a monthly payment of $XXXX and expenses in the amount of $XXXX. Documentation to support the mortgage payment and the additional expenses were not provided as required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) REO docs |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142417 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Other/Missing | XXXX | The subjects qualifying income was calculated from XXXX months of business bank statement dating from XX/XX/XXXX through XX/XX/XXXX from XXXX # XXXX. The XXXX months of bank statements were not provided as required. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) stmts |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142417 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Verification Documentation - VOE Self-Employed/Missing | XXXX | Borrower is self employed with XXXX. The qualifying income was from XXXX months of business bank statements. The investor guidelines required self employment to be verified/supported with a Business Narrative Form or equivalent and verification that borrower is minimum XXXX% owner of the business such as operating agreement, Articles of Incorporation, or equivalent stating ownership percentage. Requires documentation was not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) LLC docs |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142417 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2141250 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | State Disclosure - Texas Acknowledgment of Receipt of Loan Closing Document Copies/Missing | XXXX | The Acknowledgement of Receipt of Loan Closing Document Copies is missing from the file (or there is no other evidence in the file that the XXXX received copies of all documents signed at closing). The loan is a Home Equity Loan pursuant to XXXX Constitution Article XXXX, XXXX(a)(XXXX); the Acknowledgement of Receipt of Loan Closing Document Copies should have been provided (or other evidence that the XXXX received copies of all documents signed at closing should have been provided). | Void | Response 1 (XX/XX/XXXX XX:XXPM) Voided |
1 | 1 | 1 | 1 | ||||
| XXXX | 2141250 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | State Disclosure - Texas Fair Market Value of Homestead Property Acknowledgement/Missing | XXXX | The Fair Market Value of Homestead Property Acknowledgement (Affidavit of Fair Market Value) is Missing. Required to be provided in connection with a XXXX. XXXX Constitution - Home Equity Loan Provisions XXXX. Const. art. XVI, 50(a)(6)(Q)(ix); (XXXX)(h) | Void | Response 1 (XX/XX/XXXX XX:XXPM) Voided |
1 | 1 | 1 | 1 | ||||
| XXXX | 2141250 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | State Disclosure - Texas Home Equity Loan Consumer Disclosure (12-Day Letter)/Form | XXXX | The XXXX Consumer Disclosure (XXXX-Day Letter) was on the incorrect form. Required to be provided in connection with a XXXX. Content of the disclosure must conform to statutory requirements. XXXX Constitution - Home Equity Loan Provisions XXXX. Const. art. XVI, 50(a)(6)(M)(i), 50(g); XXXX XXXX. Admin. Code XXXX, XXXX | Void | Response 1 (XX/XX/XXXX XX:XXPM) Voided |
1 | 1 | 1 | 1 | ||||
| XXXX | 2141250 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | State Disclosure - Texas Home Equity Loan Interest and Fees Preclosing Disclosure/Missing | XXXX | The XXXX Interest and Fees Preclosing Disclosure is Missing. Required to be provided in connection with a XXXX. XXXX Constitution - Home Equity Loan Provisions XXXX. Const. art. XVI, XXXX(a)(XXXX)(M)(ii); XXXX XXXX. XXXX. Code XXXX | Void | Response 1 (XX/XX/XXXX XX:XXPM) Voided |
1 | 1 | 1 | 1 | ||||
| XXXX | 2141250 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141250 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The file contains a CDA, dated XX/XX/XXXX, that supports the value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144411 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144411 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Title Commitment - Other | XXXX | Lender exception in file for Survey exceptions noted on title and not allowed per guidelines pg XXXX. Per title, XXXX is crossing into easement, not property line. Client to approve downgrading finding based on compensating factors. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
Compensating factors: DTI less than XXXX%, residual income of at least $XXXX per month, borrower has worked in same industry ore than XXXX years | 3 | 1 | 3 | 1 | ||
| XXXX | 2144411 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137670 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137670 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137670 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144410 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144410 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144410 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141259 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 3 | |||||
| XXXX | 2141259 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 3 | |||||
| XXXX | 2141259 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. The loan file contains a CDA, dated XX/XX/XXXX, which did not support the appraised value within 10%. | Cleared | 1 | 3 | 1 | 3 | |||||
| XXXX | 2141230 | 1 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Signature Discrepancy | XXXX | The vested interest on the Security Instrument cannot be verified as accurate due to the Title Commitment is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Title provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2141230 | 2 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prohibited Fees | XXXX | The loan failed the XXXX prohibited lender fees test. This test includes the following fees: Collateral desktop analysis. The loan fails the prohibited fees test by $XXXX. The loan charged more than one appraisal fee. (XXXX Fin. Code §XXXX) | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2141230 | 3 of 7 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - 10% Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Recording Fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) PCCD attached and evidence it was sent to bwr |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 2 | 3 | 2 | |||
| XXXX | 2141230 | 4 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Missing - One or More Reports Missing | XXXX | The credit report is dated XX/XX/XXXX. The loan closed XX/XX/XXXX. Guidelines require a gap credit or Undisclosed Debt Monitoring report no more than XXXX days prior to the loan closing or any time after closing and is missing from the file as required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) UDM provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2141230 | 5 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Mortgage History - Missing/Incomplete | XXXX | The mortgage payment history for XXXX reflects a history date through XX/XX/XXXX. Guidelines require the mortgage to be current up to the month prior to the note date and current as of the application date. The subject refinance closed XX/XX/XXXX and verification the mortgage is current through XXXX/XXXX missing from the file. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED Rebuttal 2 (XX/XX/XXXX XX:XXAM) Payoff does not reflect any lates - please review |
Response 1 (XX/XX/XXXX XX:XXPM) Still missing December XXXX, January XXXX, and February XXXX mortgage payments. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) There are no required payments on the referenced mortgage. (Void) |
1 | 1 | 3 | 2 | |||
| XXXX | 2141230 | 6 of 7 | XXXX | XXXX | XXXX | XXXX | Credit | Title Commitment - Missing/Incomplete | XXXX | The title commitment/policy is missing from the file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Title provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2141230 | 7 of 7 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. File contains CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2136027 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - 10% Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: Recording Fees. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Attached is the PCCD sent to the borrower and the FSS from escrow |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2136027 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2136027 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144412 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD/Lender Credits that Cannot Decrease (Disclosure Timing Fail) | XXXX | This loan failed the lender credits that cannot decrease test. ( 12 CFR §1026.19(e)(3)(i) ). The final sum of specific and non-specific credits ($XXXX) does not exceed or equal the comparable sum of specific and non-specific lender credits. The loan failed the Lender Credits that Cannot Decrease Test. Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following additions/decrease: Loan amount points, lender credit decrease. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144412 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Initial CD/Delivery Date (prior to consummation)- Rescindable | XXXX | Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ICD was sent XXXX/XXXX making the ESD XXXX/XXXX per mailbox rule. Loan closed XXXX/XXXX this is compliant |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144412 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (Disclosure Timing Fail) | XXXX | The loan failed the charges that cannot increase test. Because the loan failed the initial CD delivery date test, any values that would change under a valid changed circumstance if the disclosure had been delivered timely, will not be considered valid for tolerance purposes. Therefore, baseline did not reset as a result of the following addition: loan amount points. A cost to cure in the amount of $XXXX is required. The violation may be cured if documentation is provided showing the disclosure was delivered timely. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144412 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144412 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144427 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD - Section B incorrect payee | XXXX | The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' or TBD under Section B- Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. Verification of Employment. However, this fee should not be retained by the lender or broker or TBD. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144427 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Contract Addendum - Missing | XXXX | The Sales Contract Addendum is missing that reflects final sales price of $XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) addendum |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation uploaded. |
3 | 1 | 3 | 2 | |||
| XXXX | 2144427 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | A gap credit or Undisclosed Debt Monitoring Report is required no more than XXXX days prior to loan closing or any time after closing. The report is missing from the file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) UDM |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144427 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144695 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144695 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144695 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136032 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136032 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136032 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141251 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141251 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141251 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141229 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2141229 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Contract - Concessions | XXXX | The seller concessions of $XXXX exceeds the maximum XXXX% allowed, $XXXX, by $XXXX. | Waived | Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX (XX/XX/XXXX XX:XXPM) Investor reviewed and elects to waive. Noted compensating factors: XXXX% DTI, XXXX qualifying credit score, $XXXX verified reserves |
XXXX% DTI. XXXX Score. XXXX months of reserves. | 3 | 2 | 3 | 2 | ||
| XXXX | 2141229 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137644 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137644 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137644 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139990 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139990 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139990 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137646 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137646 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137646 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142434 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142434 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prohibited Fees | XXXX | This loan failed the first XXXX prohibited fees test. (N.J.S.A. §XXXX:11C-XXXX, N.J.A.C. §§XXXX:XXXX-XXXX). The loan does charge fee(s) not provided for in this act, which is prohibited. This test includes the following fee: Lender Closing Fee $XXXX. The loan fails the prohibited fees test by $XXXX. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2142434 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable | XXXX | Non- Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ICD |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142434 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142434 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139473 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139473 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139473 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139976 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD - Broker NMLS Missing or Inaccurate | XXXX | The Loan Officer NMLS disclosed on the CD issued on XX/XX/XXXX does not match the XXXX site. Truth in XXXX (Regulation Z) 12 CFR 1026.38(r)(3), (XXXX) | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) PCCD Rebuttal 2 (XX/XX/XXXX XX:XXPM) LOE provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. The corrected PCCD has been provided and is acceptable . Please provide the PCCD LOE to the borrower. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139976 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139976 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144435 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144435 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144435 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142430 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142430 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | XXXX in file to allow an At-Interest transaction. The Borrower isowner of the broker company. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) approval |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
Compensating Factors: XXXX XXXX, Experienced Investor | 3 | 2 | 3 | 2 | ||
| XXXX | 2142430 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Property Type | XXXX | XXXX in file due to the subject property is located in a Commercial/Residential zonedarea. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) approval |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
Compensating Factors: XXXX, Experienced Investor | 3 | 2 | 3 | 2 | ||
| XXXX | 2142430 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139476 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139476 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Assets - Minimum Reserves | XXXX | Sufficient reserves to meet underwriting requirements were not verified in the file. Six months of PITIA reserves were required, equal to $XXXX ($XXXX x XXXX = $XXXX). The total documented assets were $XXXX minus POCs, EMD and cash to close totaling $XXXX which resulted in remaining assets of $XXXX for reserves. As a result, there was a $XXXX shortage of verified funds for reserves. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Please waive based off investor comments |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX (XX/XX/XXXX XX:XXPM) Investor reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, XXXX% DTI, $XXXX monthly residual income |
Compensating factors: FICO higher than XXXX and at least XXXX points higher than guidelines minimum; XXXX less than XXXX% and at least XXXX% less than guideline maximum; Borrower has worked in same job more than XXXX years; Borrower has verified residual income (disposal income) of at least $XXXX per month | 3 | 2 | 3 | 2 | |
| XXXX | 2139476 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Miscalculated/DTI Exceeds Tolerance | XXXX | The borrower’s income is miscalculated. The loan application reflects the borrower was self-employed as the owner of a cleaning business earning $XXXX monthly based on the XXXX #XXXX personal account. The borrower was qualified using the bank statement loan program. Per the lender’s guidelines the qualifying income may be determined by using a personal bank account with an applied business expense ratio. The origination income calculation shows an expense factor was not used.The business narrative reflects XXXX employee excluding the borrower. Per the Expense Factor Table for businesses that offer services with XXXX-XXXX number of employees a XXXX% expense factor should have been utilized which results in $XXXX monthly. As a result, the DTI increased from XXXX% to XXXX% which exceeds guideline maximum of XXXX%. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Within the bank statement folder we have two business statements outlining the transfers to the personal account we are using for income. Expenses are derived from the business account. Per the guidelines we are able to use a XXXX% expense factor when furnished with 2mos most recent business statements reflecting the transfers to the personal account. |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation and documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2139476 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | Lender exception in file as the subject loan does not meet Program Parameters for LTV borrower’s living rent free. Per the lender’s guidelines the maximum LTV for a borrower without a XXXX-month housing history (living rent free) is XXXX%. The loan closed with an LTV of XXXX%. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) approved exception provided |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating factors: FICO higher than XXXX and at least XXXX points higher than guidelines minimum; XXXX less than XXXX% and at least XXXX% less than guideline maximum; Borrower has worked in same job more than XXXX years; Borrower has verified residual income (disposal income) of at least $XXXX per month | 3 | 2 | 3 | 2 | ||
| XXXX | 2139476 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142414 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142414 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142414 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148795 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148795 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148795 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139978 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - 10% Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fees was not accepted: XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Docs uploaded. Rebuttal 2 (XX/XX/XXXX XX:XXPM) PCCD with updated recording fee. |
Response 1 (XX/XX/XXXX XX:XXPM) The Recording fee was disclosed to the borrower on the Initial LE in the amount of $XXXX. The fee increased to $XXXX on the CD issued on XX/XX/XXXX without a valid COC; the fee remained at $XXXX on the Final CD issued on XX/XX/XXXX. Updated testing results in a tolerance violation in the amount of $XXXX. Please provide a valid COC for the increase, a PCCD if the CD issued on XX/XX/XXXX does not reflect final fees or a reimbursement in the amount of $XXXX for review. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139978 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139978 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139977 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139977 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139977 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144413 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144413 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144413 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142419 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142419 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Missing - One or More Reports Missing | XXXX | Not all required credit reports are within the file. The most recent credit report is dated XX/XX/XXXX and the loan closed on XX/XX/XXXX. Guidelines require a gap credit report or undisclosed debt monitoring report no more than XXXX days prior to the closing date which is missing from the file. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) UDM |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2142419 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | HELOC - Closure Letter | XXXX | Loan file does not contain evidence to verify HELOC Closure as required. The subject loan paid off a HELOC originated with XXXX. The file did not contain the signed HELOC closure letter and no final title policy to confirm closed. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) HELOC closure/payoff |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2142419 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144677 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144677 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Interested Party Contribution - Exceeds | XXXX | Per Lender's guides, the max IPC limits for LTV/CLTVs above XXXX% is XXXX%. The subject's LTV is XXXX%; therefore, the IPC max is XXXX% or $XXXX. The seller credit the borrower $XXXX at closing per final CD, which exceeds the max of XXXX% or $XXXX. | Waived | Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX (XX/XX/XXXX XX:XXPM) Investor reviewed and elects to waive. Noted Compensating factors: XXXX% DTI, XXXX qualifying credit score, $XXXX monthly residual income |
Compensating factors: XXXX mid score, XXXX months reserves, $XXXX residual income per month. | 3 | 2 | 3 | 2 | ||
| XXXX | 2144677 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Property Type | XXXX | Lender's Exception - Lender allowed for the subject property's ADU to have sq ft of XXXX, which is larger than the subject property with XXXX sq ft. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating factors: XXXX mid score, XXXX months reserves, $XXXX residual income per month. | 3 | 2 | 3 | 2 | ||
| XXXX | 2144677 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144668 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144668 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144668 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139981 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2139981 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | XXXX in file due to the max LTV for a Non-Arms Length purchase transaction is XXXX%. The loan transaction is a Non-Arms Length purchase and the loan closed with a XXXX% LTV. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating Factors: XXXX XXXX, XXXX months PITI Reserves | 3 | 2 | 3 | 2 | ||
| XXXX | 2139981 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Verification Documentation - VOR | XXXX | XXXX in file as the subject loan transaction is considered an eligible Non-Arm’s Length purchase; the Borrower is the current renter of the subject property and is purchasing from landlord. The guidelines require XXXX months canceled checks to verify timely rent payments. The loan file contains XXXX months canceled checks verifying XXXXx30x12 months. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating Factors: XXXX XXXX, XXXX months PITI Reserves | 3 | 2 | 3 | 2 | ||
| XXXX | 2139981 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2137648 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The title commitment reflects the property is currently vested in an individual; however, the borrower is an entity. Although the loan file includes a quit claim deed intended to transfer ownership from the individual to the entity, the deed was not executed. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) recorded QCD |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137648 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137648 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137004 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The borrower is an entity. The 1st page of the Assignment of Rents lists the borrowers as an Individual; the entity name should be listed. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXAM) The 1st page of the Assignment of Rents lists the borrowers as a member |
Response 1 (XX/XX/XXXX XX:XXAM) The 1st page of the Assignment of Rents lists the borrowers as a member, not an individual. Finding is not valid,. (Void) |
1 | 1 | 1 | 1 | |||
| XXXX | 2137004 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137004 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. LCA score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142415 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | This loan failed the higher-priced mortgage loan test. (12 CFR 1026.35(a)(1)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX The date used for rate set is XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142415 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142415 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137672 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137672 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137672 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142444 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142444 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142444 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137649 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137649 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137649 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141236 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141236 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | HELOC - Closure Letter | XXXX | A HELOC with XXXX #XXXX was paid off at closing. The loan file does not contain evidence to verify the line of credit was closed as required. If an existing subordinate XXXX is left in place, then it must be re-subordinated to the new first mortgage loan, and the following documentation must be obtained: Copy of note/HELOC agreement prior to docs; and Fully executed Subordination Agreement prior to funding. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2141236 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137651 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2137651 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137651 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2141269 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141269 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141269 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142416 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142416 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142416 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139979 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD - Section B incorrect payee | XXXX | The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B - Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. (Credit Report Fee). However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139979 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139979 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2141273 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141273 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141273 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144670 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144670 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144670 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144418 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144418 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144418 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139992 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139992 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139992 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144456 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144456 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144456 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141237 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141237 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141237 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141240 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX prepayment term, the loan has a XXXX prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2141240 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2141240 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2141241 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141241 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141241 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2151741 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2151741 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2151741 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139982 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) are incomplete: The full/complete pages of the Security Instrument were not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) DOT provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2139982 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139982 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141243 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141243 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141243 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141239 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141239 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141239 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137656 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137656 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The EIN for XXXX is missing as is required per guidelines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) W9 provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137656 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137010 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137010 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137010 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144685 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | ROR - Timing | XXXX | This loan failed the TILA right of rescission test. Closed-end ( 12 CFR §1026.23(a)(3) , transferred from 12 CFR §226.23(a)(3) ), Open-end ( 12 CFR §1026.15(a)(3), transferred from 12 CFR §226.15(a)(3) ). The funding date, XX/XX/XXXX, is before the third business day following consummation, XX/XX/XXXX. Additionally, rescission needs to be re-opened. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) funded XXXX/XXXX |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144685 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144685 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141245 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX HUD in the file is not signed and not stamped final. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2141245 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2141245 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137018 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137018 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Missing HUD | XXXX | Missing HUD as required. The loan file did not contain the final XXXX. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) HUD provided Rebuttal 2 (XX/XX/XXXX XX:XXPM) HUD provided |
Response 1 (XX/XX/XXXX XX:XXAM) Mortgage paid off is not reflected on HUD provided. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2137018 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144423 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144423 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144423 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141244 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The Assignment of Leases and XXXX has the individual listed as the borrower on Pg XXXX rather than being the Entity as signed on Pg XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Recorded MTG attached this was corrected at time of closing |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2141244 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141244 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144672 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144672 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Report - Other | XXXX | The guidelines indicate a gap credit or Undisclosed Debt Monitoring report is required no more than XXXX days prior to loan closing or any time afterclosing. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) gap cr |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144672 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2148767 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2148767 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Report - Other | XXXX | The Note was dated XX/XX/XXXX. The lender guidelines required a gap credit or undisclosed debt monitoring report no more than XXXX days prior to the loan closing or any time after closing. The undisclosed debt monitoring report was not provided as required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) UDM provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2148767 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The subject transaction is a purchase transaction for a primary residence. The subject property is a XXXX unit property with an ADU . The investor guidelines for Accessory Dwelling Units (ADU) stated XXXX - XXXX unit properties with an accessory unit are not permitted. A lender exception for the property was provided; however, exception only address the minimum square footage as an issue. Subject property as a XXXX unit with an ADU is not permitted. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Exception states "Property is XXXX units with accessory. Unit XXXX is XXXX ft." and addresses it is a XXXX unit with ADU |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
Compensating factors: LTV of XXXX% is at lease XXXX% less than the guidelines maximum, XXXX of XXXX is at least XXXX points higher than minimum required score, qualifying DTI of XXXX% is less than the maximum allowed | 3 | 1 | 3 | 1 | ||
| XXXX | 2148767 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Property Type | XXXX | Lender exception in file as the subject property is XXXX units with on accessory. Unit XXXX is XXXX square ft. Investor guidelines state square footage less than XXXX square feed per unit is ineligible. Client to approve downgrading finding based on compensating factors. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) exception provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
Compensating factors: LTV of XXXX% is at lease XXXX% less than the guidelines maximum, XXXX of XXXX is at least XXXX points higher than minimum required score, qualifying DTI of XXXX% is less than the maximum allowed | 3 | 1 | 3 | 1 | ||
| XXXX | 2148767 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2137662 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2137662 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2137662 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144450 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD - $100 Tolerance Threshold/Non-Rescindable | XXXX | The loan failed the TILA Finance Charge tolerance test. Per Regulation Z, the Finance Charge is considered inaccurate if the disclosed Finance Charge is understated by more than $XXXX. The final (last revised) CD issued on XX/XX/XXXX has a disclosed Finance Charge of $XXXX, which is less than the system calculated Finance Charge of $XXXX. The Finance Charge on the final CD is understated by $XXXX, which is more than the allowable tolerance of $XXXX. The following fees were included in the Finance Charge calculation: Discount Points $XXXX, Flood Certification $XXXX, Gap Risk Coverage $XXXX, MERS $XXXX, Prepaid Interest $XXXX, Third Party Processing Fee $XXXX, Recording or eRecording $XXXX, Settlement Fee $XXXX, Tax Service $XXXX, Underwriting Fees $XXXX, XXXX Fee $XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Borrower shopped for title - please review |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144450 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144450 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2139991 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139991 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139991 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139993 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139993 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139993 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144457 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the HUD-XXXX provided in the loan file was the FINAL binding HUD-XXXX. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2144457 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144457 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2142426 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142426 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142426 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139984 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139984 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139984 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141270 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141270 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141270 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2151739 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2151739 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | Lender's Exception - Lender allowed the borrower to have less than XXXX years of self-employment as required. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXAM) exception provided |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
Compensating factors: $XXXX residual income per month, XXXX mid score, Low DTI | 3 | 2 | 3 | 2 | ||
| XXXX | 2151739 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2141276 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141276 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Debts - Not Verified | XXXX | The application lists significant debts that were not independently verified. The loan application reflects the borrower was retaining the depXXXXe residence for investment purposes. The credit report reflects a mortgage with XXXX $XXXX with a monthly payment of $XXXX. Per the lender’s guidelines the existing property PITIA (principal, interest, taxes, insurance, and HOA dues) payment must be counted as part of the borrower’s recurring monthly debt obligations. The loan file did not contain a mortgage statement or any other documentation to determine if this payment included taxes, insurance, and HOA. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Attached |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2141276 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142441 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142441 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD - Section B incorrect payee | XXXX | The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B - Services Borrower Did Not Shop For on the revised CD issued on XX/XX/XXXX. (Condo Certification Fee and Wire Transfer Fee). However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2142441 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Report - Other | XXXX | The loan file is missing a gap credit or undisclosed debt monitoring report no more than XXXX days prior to loan closing or any time after closing as required per investor guidelines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142441 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142449 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142449 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142449 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144449 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144449 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Report - Other | XXXX | The investor guidelines required either a gap credit or undisclosed debt monitoring report no more than XXXX days prior to loan closing or any time after closing. Required documentation was not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) UDM |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144449 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144417 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD - Loan Disclosures/Escrow Account | XXXX | The Escrow Account Disclosure on the CD issued on XX/XX/XXXX is inaccurate due to the following: It was not disclosed if the Borrower declined it or if the Lender does not offer an escrow account | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2144417 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Verification Documentation - VOE Self-Employed/Missing | XXXX | Per Lender's guides, the loan file is required to contain the borrower's operation agreement, articles of incorporation or equivalent stating ownership percentage of the business used to qualify. The loan file obtains a business narrative dated XX/XX/XXXX, completed by the Broker/Loan Officer reflecting XXXX% ownership and a business search dated XX/XX/XXXX, from the government website reflecting the borrower as President and Registered Agent of the business XXXX; however, the business search does not reflect a percentage of ownership, just the borrower's position within the company. The loan file does not contain any supporting documentation to reflect ownership percentage as required by the Lender. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) CPA letter |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144417 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is not supported within 10% of original appraisal amount | XXXX | The Loan file did not contain an AVM, CDA, Field Review, 2nd appraisal or CU score at XXXX or under to support the origination appraised value. CU score is XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) CDA |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144425 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144425 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144425 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144419 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144419 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Loan Amount | XXXX | The loan file contains an exception for the loan amount being below the required minimum amount of $XXXX. Client to approve downgrading finding based on compensating factors. | Waived | Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX (XX/XX/XXXX XX:XXPM) Investor reviewed and elects to waive. Noted compensating factors: Experienced Investor, DSCR XXXX, XXXX qualifying credit score |
Compensating factors: DSCR of XXXX, FICO of XXXX, XXXX% revolving credit utilization. | 3 | 2 | 3 | 2 | ||
| XXXX | 2144419 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2148784 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2148784 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2148784 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144420 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the addition to the following fees was not accepted: Points, CD XX/XX/XXXX. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) CD/COC before closing |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144420 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Credit Missing - One or More Reports Missing | XXXX | Not all required credit reports are within the file. The most recent credit report is dated XX/XX/XXXX and the loan closed on XX/XX/XXXX. Guidelines require a gap credit report or undisclosed debt monitoring report no more than XXXX days prior to the closing date. The UDD provided is dated XX/XX/XXXX; therefore, greater than XXXX days. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) UDM |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2144420 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Escalated. |
Response 1 (XX/XX/XXXX XX:XXPM) Not required from XXXX. (Void) |
1 | 1 | 3 | 2 | |||
| XXXX | 2144420 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The subject loan does not meet Program Parameters. XXXX in file as the subject loan does not meet Program Parameters for Property Type. The subject property is mixed use per the appraisal review which is not allowed per guidelines. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) approval |
Response 1 (XX/XX/XXXX XX:XXAM) Waiver granted by Investor. (Waived) |
Compensating factors: LTV less than XXXX%; FICO higher than XXXX and at least XXXX points higher than guideline minimum; monthly reserves at least XXXX months more than guideline minimum. | 3 | 2 | 3 | 2 | ||
| XXXX | 2144420 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144421 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144421 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144421 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148780 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the Settlement statement provided in the loan file was the FINAL binding Settlement statement, as it was not signed, stamped or certified. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2148780 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2148780 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144434 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144434 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Income - Other/Missing | XXXX | The loan application reflects the borrower had a second job as an assistant principal earning $XXXX monthly. The loan file contained XXXX paystub and XXXX years prior XXXX's. Per the lender's guidelines the monthly salary calculation for teachers may vary considerably based on location, school districts, and school year structure ( XXXX- or XXXX-month contracts). Additional documentation may be obtained to evidence the terms of employment and income: A fully completed WVOE or a copy of a valid employment contract. The earnings reflected on the paystub did not align with income reflected on the XXXX's. Additional conditions may apply. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX qualified borrower over XXXX months as most conservative approach. |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144434 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Liabilities - Missing Debts/ DTI Exceeds Tolerance | XXXX | The DTI did not reflect all of the borrowers' debts resulting in a DTI that exceeds allowable tolerances. The subject transaction is the purchase of a primary residence. The borrowers' depXXXXe residence was pending sale. The borrowers obtained a bridge loan. Per the lender's guidelines the borrower must qualify with the payments for the new home, current home, the bridge loan, and other obligations. The payment for the depXXXXe residence/bridge loan was not included in the DTI as required. The mortgage payment on the depXXXXe residence was $XXXX plus monthly HOA of $XXXX. As a result the DTI increased from XXXX% to XXXX% which exceeds the guidelines maximum of XXXX%. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) PITIA excluded per section XXXX of guidelines, see docs starting at page XXXX of XXXX pages for required documentation. |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144434 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141263 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141263 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141263 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142442 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142442 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142442 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137666 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137666 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2137666 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148771 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148771 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148771 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148791 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148791 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148791 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141279 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2141279 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - All Perils | XXXX | XXXX, HOI policy must specifically state All Perils or meet one of the three options provided in overlay to Correspondent. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please waive |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver must be granted by Investor. (Waived) Response 2 (XX/XX/XXXX XX:XXAM) No longer a requirement for the XXXX. (Void) |
XXXX. XXXX DSCR. XXXX% LTV. | 1 | 1 | 2 | 2 | ||
| XXXX | 2141279 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU dated XX/XX/XXXX with a score of XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144422 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144422 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144422 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144424 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD - Section B incorrect payee | XXXX | The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B - Services Borrower Did Not Shop For on the revised CD issued on XX/XX/XXXX. (Credit Report). However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2144424 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144424 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144689 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX and the calculated APR XXXX, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144689 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144689 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144440 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Missing (All) | XXXX | There is no evidence of a HUD-XXXX Settlement Statement provided in the loan file. As a result the following reviews could not be performed: TILA Accuracy, MDIA, XXXX, XXXX, QM XXXX, XXXX, XXXX, RESPA XXXX review, and final HUD-XXXX accuracy. Real Estate Settlement Procedures Act (Regulation X) 12 CFR 1024.8(a). The HUD is missing and the itemized fee worksheet is not marked final or signed. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) final HUD |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144440 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Incomplete | XXXX | The following section(s) of the Note are incomplete: The first page of the Note is missing. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) all pages |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144440 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) are incomplete: Exhibit C is missing from XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) exh C |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144440 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Missing | XXXX | The Security Instrument (Mortgage/Deed of Trust) is missing. The page where the borrower and notary signs is missing. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) deed |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
4 | 1 | 3 | 1 | |||
| XXXX | 2144440 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - Other | XXXX | There are additional observations that could impact the credit decision and/or quality of the loan. Loan file is missing the Final HUD-XXXX, unable to accurately determine amount of cash-out proceeds to borrower required for reserves. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) See line XXXX on page XXXX |
Response 1 (XX/XX/XXXX XX:XXAM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144440 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142435 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Initial CD/Delivery Date (prior to consummation) Non- Rescindable | XXXX | Non- Rescindable Transaction. The loan failed the Initial Closing Disclosure delivery date test due to the following: The Closing Disclosure was not received by the borrower at least three business days prior to the Consummation Date. The CD issued on XX/XX/XXXX was signed and dated at consummation, XX/XX/XXXX. If disclosure was delivered electronically evidence of receipt as well as the consumer's E-consent is required. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ICD |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2142435 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142435 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141256 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141256 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141256 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142424 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142424 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142424 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142436 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142436 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | The subject loan does not meet Program Parameters for Foreign Language Documents. The subject loan was approved using the bank statement. XXXX #XXXX bank statements were utilized for qualifying income. All XXXX-months bank statements were in Spanish. Per the lender’s guidelines all documents in the mortgage file must either be in English or accompanied by a translation into English. The translation must be prepared by an unaffiliated 3rd party that cannot be the borrower, lender, loan officer, or anyone with a direct interest in the transaction. An English translation was not in the file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) We did not request a transition since it is a standard XXXX statement and all pertinent transactions are in English. |
Response 1 (XX/XX/XXXX XX:XXAM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2142436 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142420 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term does not conform to the State Regulations where the property is located. The state of XXXX does not allow a prepayment term for XXXX-XXXX units with a loan amount less than $XXXX, the loan has a XXXX month prepayment term and loan amount of $XXXX. The loan fails the prepayment test by XXXX months. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Guides state: Allowed: XXXX% of the amount prepaid; XXXX–XXXX unit properties if the loan amount exceeds $XXXX, XXXX–XXXX unit properties no restrictions; XXXX–XXXX unit properties no restrictions if the borrower is an LLC" Loan is vested in an LLC therefore there is no restriction on this |
Response 1 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2142420 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142420 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144454 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144454 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144454 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144426 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144426 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144426 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144438 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144438 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144438 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139986 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139986 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139986 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144441 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144441 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144441 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148793 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR (XXXX%) and the calculated APR (XXXX%), the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148793 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148793 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2139989 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the Settlement statement provided in the loan file was the FINAL binding Settlement statement, as it was not signed, stamped or certified. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139989 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2139989 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2139989 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2141258 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141258 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141258 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA report dated XX/XX/XXXX which supports the original appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141275 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Missing Rider/Addendum | XXXX | The following referenced Rider(s) / Legal Addendum(s) are missing from the Security Instrument: The Legal Description / Exhibit A. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2141275 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2141275 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2148770 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148770 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148770 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141271 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141271 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141271 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144453 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144453 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144453 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141264 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141264 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141264 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144430 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144430 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144430 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144431 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The security instrument was not completed accurately. The title commitment reflects the property is currently vested in entity XXXX; however, the borrower is XXXX. Although the loan file includes a quit claim deed intended to transfer ownership from the entity to the individual, the deed was not executed. | Upheld | Rebuttal 1 (XX/XX/XXXX XX:XXAM) Attached |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144431 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144431 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144692 | 1 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Signature Discrepancy | XXXX | The vested interest on the Security Instrument cannot be verified as accurate due to the Title Commitment is missing from the loan file. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) TPOL |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144692 | 2 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | State Disclosure - Texas Fair Market Value of Homestead Property Acknowledgement/Missing | XXXX | The Fair Market Value of Homestead Property Acknowledgement (Affidavit of Fair Market Value) is Missing. Required to be provided in connection with a XXXX. XXXX Constitution - Home Equity Loan Provisions XXXX. Const. art. XVI, 50(a)(6)(Q)(ix); (XXXX)(h) | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) this is not a home equity loan. |
Response 1 (XX/XX/XXXX XX:XXPM) Finding voided. (Void) |
1 | 1 | 3 | 1 | |||
| XXXX | 2144692 | 3 of 5 | XXXX | XXXX | XXXX | XXXX | Compliance | State Disclosure - Texas Home Equity Loan Consumer Disclosure (12-Day Letter)/Missing | XXXX | The XXXX Consumer Disclosure (XXXX-Day Letter) is Missing. Required to be provided in connection with a XXXX. XXXX Constitution - Home Equity Loan Provisions XXXX. Const. art. XVI, 50(a)(6)(M)(i), 50(g); XXXX XXXX. Admin. Code XXXX, XXXX | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) this is not a home equity loan. |
Response 1 (XX/XX/XXXX XX:XXPM) Finding voided. (Void) |
1 | 1 | 3 | 1 | |||
| XXXX | 2144692 | 4 of 5 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144692 | 5 of 5 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144455 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144455 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144455 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142451 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142451 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142451 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144437 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144437 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144437 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142423 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142423 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142423 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144433 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144433 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144433 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142443 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142443 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142443 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2141277 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2141277 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - Other | XXXX | There are additional observations that could impact the credit decision and/or quality of the loan. The loan file did not contain a UDD/Undisclosed Debt Monitoring report as required per the guidelines. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) UDM provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2141277 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - LTV | XXXX | The LTV does not meet the program eligibility guidelines. XXXX for subject loan is a purchase of a primary with the borrower not having a mortgage payment history and an LTV of XXXX%. The loan file documents the borrowers depXXXXe residence was owned free and clear, and the appraisal report reflected the subject primary the borrower is purchasing is located in a declining market. The program guidelines reflect a maximum LTV of XXXX% when there is no mortgage payment history, and also require a XXXX% reduction in the maximum LTV for properties located in declining markets. The subject loan LTV is XXXX%, which exceeds all program guidelines, and as a result, the subject loan is an ineligible transaction. | Waived | Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
XXXX (XX/XX/XXXX XX:XXPM) Investor reviewed and elects to waive. Noted compensating factors: XXXX qualifying credit score, $XXXX reserves, Self-employed XXXX years, |
Comp Factors - Credit Score XXXX, DTI XXXX%, Reserves $XXXX/12mos, Residual $XXXX | 3 | 2 | 3 | 2 | ||
| XXXX | 2141277 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2148794 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148794 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148794 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144682 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144682 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144682 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148773 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - 10% Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that in total cannot increase more than XXXX% test. A valid change of circumstance was not provided in the loan file. Therefore, the increase/addition to the following fees was not accepted: Recording fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Final SS shows recording fees within tolerance Rebuttal 2 (XX/XX/XXXX XX:XXAM) docs provided |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is not sufficient to clear the finding. *The HUD with final fees has been provided. Please provide an LOE and PCCD. (XXXX) Response 2 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2148773 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2148773 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144683 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144683 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144683 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144447 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144447 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144447 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144436 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144436 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144436 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142428 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142428 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Program Parameters - Other | XXXX | XXXX in file as the subject loan does not meet Program Parameters requesting to not add additional account holders from personal acct #XXXX statement being used for income calculation. Client to approve downgrading finding based on compensating factors. | Waived | Rebuttal 1 (XX/XX/XXXX XX:XXPM) exception provided |
Response 1 (XX/XX/XXXX XX:XXPM) Waiver granted by Investor. (Waived) |
FICO is XXXX, Borrower has worked in same job more than XXXX years, Borrower has worked in same industry more than XXXX years. | 3 | 2 | 3 | 2 | ||
| XXXX | 2142428 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142427 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142427 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Hazard Insurance - Missing/Insufficient | XXXX | The guidelines indicate, for purchase transactions, the policy period must extend for a minimum of XXXX months from the date of closing. The closing date for the loan transaction was XX/XX/XXXX, however, the hazard insurance effective date is XX/XX/XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) FInal SS provided shows the loan disbursed XXXX/XXXX and HOI is effective prior to |
Response 1 (XX/XX/XXXX XX:XXPM) Explanation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2142427 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144684 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144684 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144684 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142446 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142446 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142446 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142429 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - Zero Tolerance Violation (No Valid COC) | XXXX | The loan failed the charges that cannot increase test. A valid change of circumstance was not provided in the loan file. Therefore, the increase to the following fee was not accepted: appraisal fee. A cost to cure in the amount of $XXXX is required. If curing the violation with a refund, the following documents are required: LOE to consumer(s), PCCD, copy of the refund, and proof of delivery. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) lender was made aware of fee XXXX/XXXX |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2142429 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Sales Contract - Missing/Incomplete | XXXX | The sales contract in the loan file did not reflect interested party contributions. The CD reflects $XXXX IPCs. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) XXXX for $XXXX credit provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2142429 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144687 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144687 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State HPML | XXXX | This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX, XXXX Financial Code Division XXXX 4995(a)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144687 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144687 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148798 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148798 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148798 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142437 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142437 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142437 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148781 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148781 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148781 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148782 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Name Discrepancy | XXXX | The security instrument was not completed accurately. The referenced Assignment of Leases and XXXX reflects an individual borrower on page XXXX of XXXX; however, the subject loan is an Entity. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) re-recorded with correction. Rebuttal 2 (XX/XX/XXXX XX:XXPM) borr advised of changes |
Response 1 (XX/XX/XXXX XX:XXAM) Although a change was made to page one of the rider and re-recorded, borrower needs to be aware of the changes made. Borrower to initial the manual edits to the previously executed document. (XXXX) Response 2 (XX/XX/XXXX XX:XXAM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2148782 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2148782 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2142439 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142439 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142439 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU Score XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144444 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144444 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Credit - Other | XXXX | The investor guidelines required either a gap credit or undisclosed debt monitoring report no more than XXXX days prior to loan closing or any time after closing. Required documentation was not provided. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) udm |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144444 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. A CDA dated XX/XX/XXXX was provided and supported the appraised value. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144443 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144443 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | DSCR - Program Parameters - Other | XXXX | Guideline requirement has not been met. The loan file is missing the required Business Purpose Affidavit | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Doc provided |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144443 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CU Score of XXXX | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144688 | 1 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144688 | 2 of 4 | XXXX | XXXX | XXXX | XXXX | Compliance | State HPML | XXXX | This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX, XXXX Financial Code Division XXXX 4995(a)) Using the greater of the disclosed APR and the calculated APR, the loan is a higher-priced mortgage loan, as defined in the XXXX Financial Code. While the XXXX Financial Code provisions specify that lenders may lawfully make this type of loan subject to certain disclosure requirements and additional limitations, some lenders and secondary market investors may prefer not to fund or buy higher-priced mortgage loans even if the additional conditions are met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144688 | 3 of 4 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144688 | 4 of 4 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU Score is XXXX | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144445 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Note - Name Discrepancy | XXXX | The borrowers' name on the XXXX does not appear to match loan documents and a Name Affidavit was not provided. The borrower is an entity. The borrower's names on page one of XXXX and it should be listed as XXXX. | Void | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Please void as the loan agreement is not applicable. The note does not specifically mention a loan agreement being attached/made part of the note thus this is out of scope. |
Response 1 (XX/XX/XXXX XX:XXPM) Finding voided. (Void) |
1 | 1 | 1 | 1 | |||
| XXXX | 2144445 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144445 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2144452 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Incomplete | XXXX | The following section(s) of the Security Instrument (Mortgage/Deed of Trust) is incomplete: Borrower signature is missing the date. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) Attached - was added before sent to be recorded per escrow |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 1 | |||
| XXXX | 2144452 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144452 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2144697 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2144697 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144697 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144694 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | State Testing - Prepayment Penalty | XXXX | This loan failed the prepayment test. The loan has a prepayment term that does not conform to the State Regulations where the property is located. The state of XXXX allows for a maximum XXXX months prepayment term, the loan has a XXXX month prepayment term. The loan fails the prepayment test by XXXX months. Borrower is an LLC. | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2144694 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144694 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2148790 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148790 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148790 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2142447 | 1 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142447 | 2 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | Security Instrument - Inaccurate | XXXX | The security instrument was not completed accurately. The notary acknowledgment date is XX/XX/XXXX; however, the Borrower and Non Borrower signed/dated the security instrument on XX/XX/XXXX. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXAM) ATTACHED |
Response 1 (XX/XX/XXXX XX:XXPM) The documentation provided is sufficient to clear the finding. (Resolved) |
3 | 1 | 3 | 2 | |||
| XXXX | 2142447 | 3 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | State HPML | XXXX | This loan failed the XXXX XXXX higher-priced mortgage loan test. (XXXX XXXX, XXXX Financial Code Division XXXX 4995(a)). Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142447 | 4 of 6 | XXXX | XXXX | XXXX | XXXX | Compliance | TRID - CD - Section B incorrect payee | XXXX | The loan contains a fee or fees where 'compensation to' reflects either 'Lender or Broker' under Section B - Services Borrower Did Not Shop For of the revised CD issued on XX/XX/XXXX. (Credit Report). However, this fee should not be retained by the lender or broker. Per regulation 1026.38(f)(2), the name of the person/company ultimately receiving payment for service should be listed. | Acknowledged | 2 | 2 | 3 | 2 | |||||
| XXXX | 2142447 | 5 of 6 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2142447 | 6 of 6 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 3 | 2 | |||||
| XXXX | 2144690 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | HUD1 - Not Final | XXXX | It could not be determined that the Settlement statement provided in the loan file was the FINAL binding Settlement statement, as it was not signed, stamped or certified. Real Estate Settlement Procedures Act (Regulation X) 12 CFR XXXX, XXXX | Acknowledged | 2 | 2 | 2 | 2 | |||||
| XXXX | 2144690 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2144690 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX which supports the appraised value. | Cleared | 1 | 1 | 2 | 2 | |||||
| XXXX | 2148796 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148796 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148796 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA, dated XX/XX/XXXX, which supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148797 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148797 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148797 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. The loan file contains a CDA dated XX/XX/XXXX that supports the appraised value. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148788 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2148788 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | Conflict of Interest | XXXX | XXXX in file as the transaction is a non-arm's length transaction. The seller and buyer are business partners. Client to approve downgrading finding based on compensating factors. | Resolved | Rebuttal 1 (XX/XX/XXXX XX:XXPM) approval |
Response 1 (XX/XX/XXXX XX:XXPM) Documentation received is sufficient. (Resolved) |
Compensating Factors: Monthly Reserves verified and at least XXXX months more than guideline minimum. | 3 | 1 | 3 | 1 | ||
| XXXX | 2148788 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score XXXX. | Cleared | 1 | 1 | 3 | 1 | |||||
| XXXX | 2151740 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Acknowledged | 1 | 1 | 1 | 1 | |||||
| XXXX | 2151740 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2151740 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148792 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | Federal - HPML APR/Compliant | XXXX | The loan failed the Federal HPML APR test. Using the greater of the disclosed APR XXXX% and the calculated APR XXXX%, the loan is a higher-priced mortgage loan, as defined in XXXX Rate Set was: XX/XX/XXXX. The loan is a compliant HPML. Escrow, prepayment, and appraisal requirements have been met. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148792 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2148792 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | Value is supported within 10% of original appraisal amount. The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU is XXXX. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136921 | 1 of 3 | XXXX | XXXX | XXXX | XXXX | Compliance | No Compliance Findings | XXXX | The loan is in compliance with all applicable laws and regulations. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136921 | 2 of 3 | XXXX | XXXX | XXXX | XXXX | Credit | No Credit Findings | XXXX | The loan meets all applicable credit guidelines. | Cleared | 1 | 1 | 1 | 1 | |||||
| XXXX | 2136921 | 3 of 3 | XXXX | XXXX | XXXX | XXXX | Valuation | Appraisal - Value is supported within 10% of original appraisal amount | XXXX | The appraised value was supported within 10% and all applicable appraisal guidelines were satisfied. CU score is XXXX. | Cleared | 1 | 1 | 1 | 1 |