J.P. MORGAN ACCEPTANCE CORPORATION II ABS-15G
Exhibit 99.38
| Seller | Loan ID | Seller Loan ID | Investor Loan ID | Queue | Created Date | Last Modified Date | Finding Status | Event Level | Finding Category | Finding Sub Category | Finding Name | Reviewer Comments | Seller Comments | Finding Resolution | Finding Document | Reviewer Comp Factors | Originator Comp Factors | State | Occupancy | Loan Purpose | Refinance Purpose | Unique Finding ID | Acknowledged / Waived By | Waiver in File? |
| XXXXX | XXXXX | XXXXX | 304898973 | Closed | 2026-01-08 05:23 | 2026-01-22 15:25 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-01/22/2026 Ready for Review-According to the lender guidelines, verification is not required on mortgage loans not reporting on the credit bureau. - Due Diligence Vendor-01/22/2026 Ready for Review-Constructive guidelines do not require 12 month VOM/payment history for subject property mortgage. Verification is not required. - Due Diligence Vendor-01/21/2026 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. VOM/12 months housing history is missing for subject property. - Due Diligence Vendor-01/08/2026 |
Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-01/22/2026 | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 305031449 | Closed | 2026-02-09 12:42 | 2026-04-01 11:56 | Resolved | 1 - Information | Credit | Borrower | Missing required documentation for debt paid by others | Resolved-Agree with lender, however, the rental loss should be subtracted from the income. In this case the T&I were considered in the DTI calculation. - Due Diligence Vendor-04/01/2026 Counter-When reviewing XXXXXXX XXX guidance's, if it's clear the business is responsible for the payment, the full PITIA can be excluded from the DTI calculation since it appears the mortgage was just added to the XXXX Tax returns, more proof of PITIA payment is needed. Finding remains. - Due Diligence Vendor-02/17/2026 Ready for Review-2/16 XX: According to the XXXXXX XXX guidance if a rental property is reporting income and expenses on Form 8825 and a mortgage and/or other expenses (taxes, insurance, HOA dues) from the same property are being included in the liabilities, the PITIa can be excluded from the debt ratio as the expenses are already being considered in the self-employment calculation. NOTE: In this case, the guidance surrounding debts paid by the borrower’s business does not apply and the underwriter is not required to document 12 months of payments by the business to exclude the debt. - Due Diligence Vendor-02/16/2026 Open-Documentation for debt(s) paid by other than borrower does not meet requirements for exclusion from DTI calculations. The loan file is missing documentation to support exclusion of mortgage on REO 3b on the final loan application. The loan was originated on XX/XXXX; and the mortgage statement reflects monthly interest of $X,XXX.XX. The borrower's XXXX business tax returns reflect interest of only $X,XXX.XX which covers less than 3 months interest. The tax returns are not sufficient proof that the business is paying for the mortgage. The loan file did not contain 12 months business cancelled checks to support exclusion of this debt from the borrower's ratios. - Due Diligence Vendor-02/09/2026 |
Resolved-Agree with lender, however, the rental loss should be subtracted from the income. In this case the T&I were considered in the DTI calculation. - Due Diligence Vendor-04/01/2026 | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 305031449 | Closed | 2026-02-09 12:00 | 2026-04-01 09:37 | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements | Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-04/01/2026 Resolved-Agree with lender, however, the rental loss should be subtracted from the income. In this case the T&I were considered in the DTI calculation. - Due Diligence Vendor-04/01/2026 Counter-When reviewing XXXXXX XXX guidance's, if it's clear the business is responsible for the payment, the full PITIA can be excluded from the DTI calculation since it appears the mortgage was just added to the XXXX Tax returns, more proof of PITIA payment is needed. Finding remains. - Due Diligence Vendor-02/17/2026 Ready for Review-2/16 XX: According to the XXXXXX XXX guidance if a rental property is reporting income and expenses on Form 8825 and a mortgage and/or other expenses (taxes, insurance, HOA dues) from the same property are being included in the liabilities, the PITIa can be excluded from the debt ratio as the expenses are already being considered in the self-employment calculation. NOTE: In this case, the guidance surrounding debts paid by the borrower’s business does not apply and the underwriter is not required to document 12 months of payments by the business to exclude the debt. - Due Diligence Vendor-02/17/2026 Open-ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements The loan file is missing documentation to support exclusion of mortgage on REO 3b on the final loan application. - Due Diligence Vendor-02/09/2026 |
Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-04/01/2026 Resolved-Agree with lender, however, the rental loss should be subtracted from the income. In this case the T&I were considered in the DTI calculation. - Due Diligence Vendor-04/01/2026 |
XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 304898980 | Closed | 2026-01-08 10:07 | 2026-03-04 18:24 | Acknowledged | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Acknowledged-Client obtained lender statement indicating exception was approved internally and noted on data tape. Client acknowledged and requested downgrade. - Due Diligence Vendor-03/05/2026 Counter-2nd QC review of the Appendix K guidelines determines that a minimum FICO of 700 is required for a No Cash Out refinance at 80% LTV. FICO range of 680-699 at 80% LTV related only to a purchase transaction. - Due Diligence Vendor-03/04/2026 Counter-Audit has reviewed the lender’s comments, Appendix K Expanded Overlay Matrix on page 37 indicate a FICO of 680-699 for Purchase at maximum 80% LTV and Refinance No Cash Out at maximum 75% LTV, the Matrix also reflects a FICO of 700-719 required for purchase at maximum 80% LTV and a Refinance No Cashout at maximum 80% LTV. In this case, the Audited FICO of 682 is less than the minimum FICO of 700 required for a No Cashout Refinance at 80% LTV. Condition remains. - Due Diligence Vendor-02/16/2026 Ready for Review-Guidelines section appendix J is only applied to Standard overlay guidelines and does not apply to Expanded overlay. Expanded overlay guidelines are found in Appendix K. The correct overlay for this loan is Expanded. Credit score is 682. The Matrix found on page 37 shows that credit scores from 680-699 allow for up to 80% LTV on purchase and R/T Refinance transactions on expanded - Due Diligence Vendor-02/13/2026 Counter-According to the recent lender guidelines effective XX/XX/XXXX, Appendix J and Appendix K Expanded Overlay indicate the minimum FICO for Refinance No Cash Out at 80% is 700 FICO. Condition remains. - Due Diligence Vendor-01/22/2026 Ready for Review-Constructive guidelines as reflected in the expanded appendix allow for credit scores down to 680 with LTVs up to 80% on RT refinances. Loan is within guidelines. - Due Diligence Vendor-01/21/2026 Open-Audited FICO of 682 is less than Guideline FICO of 720 - Due Diligence Vendor-01/08/2026 |
Acknowledged-Client obtained lender statement indicating exception was approved internally and noted on data tape. Client acknowledged and requested downgrade. - Due Diligence Vendor-03/05/2026 | XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305030476 | Closed | 2026-01-27 13:30 | 2026-03-09 11:59 | Waived | 2 - Non-Material | Credit | Eligibility | Audited FICO is less than Guideline FICO | Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-03/09/2026 Open-Audited FICO of 699 is less than Guideline FICO of 700 - Due Diligence Vendor-03/09/2026 Ready for Review-Audited FICO of 699 is less than guideline FICO of 700, exception approved for 1 point credit score less than required 700. - Due Diligence Vendor-03/06/2026 Open-Audited FICO of 699 is less than Guideline FICO of 700 The lender provided an approved exception dated prior to consummation, and all compensating factors were validated. Audited FICO of 699 is less than client overlay of 700. - Due Diligence Vendor-01/27/2026 |
Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-03/09/2026 | XXXXXXX_1.pdf | 1. DSCR greater than 1.21%. 2. 57.95 months reserves 3. Excellent mortgage payment history dating back to XXXX 4. Experienced Investor |
XX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | ||
| XXXXX | XXXXX | XXXXX | 305030476 | Closed | 2026-01-27 13:09 | 2026-02-19 20:18 | Resolved | 1 - Information | Compliance | Missing Doc | PUD Rider is Missing | Resolved-The PUD Rider is Present or is Not Applicable (Property Type is PUD) - Due Diligence Vendor-02/17/2026 Ready for Review-Mortgage document Uniform Covenants #38 provides the relevant terms for the PUD. - Due Diligence Vendor-02/17/2026 Ready for Review-Please note: We do not include riders because we already include the relevant terms within the security instrument, or we have the terms changed and replace rather than using a rider to edit boilerplate language which leaves ambiguity and interpretation in the courts in a dispute. - Due Diligence Vendor-02/10/2026 Open-Missing Mortgage Riders – PUD Rider - Due Diligence Vendor-01/27/2026 |
Resolved-The PUD Rider is Present or is Not Applicable (Property Type is PUD) - Due Diligence Vendor-02/17/2026 | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 305030441 | Closed | 2026-02-02 12:12 | 2026-03-10 10:30 | Waived | 2 - Non-Material | Credit | Assets | Cash Out Does Not Meet Guideline Requirements | Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-03/10/2026 Ready for Review-Updated Exception - uploaded - Due Diligence Vendor-03/10/2026 Counter-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated for the maximum cashout of $XXX,XXX. Cash out amount of $XXX,XXX.XX exceeds client overlay of maximum cash out of $XXX,XXX. - Due Diligence Vendor-02/16/2026 Ready for Review-Please see the attached updated exception. Thank you. - Due Diligence Vendor-02/05/2026 Open-Cash Out Does Not Meet Guideline Requirements A lender exception in file for max cash out is XXXX, indicates a decision of conditioned. Lender Exception also indicates a DSCR of 1.10 , with rental amount of $XXXX, lease in file indicates a rental amount of $XXXX. Cash out amount of $XXX,XXX.XX exceeds client overlay of maximum cash out of $XXX,XXX. - Due Diligence Vendor-02/02/2026 |
Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-03/10/2026 | XXXXXXX_1.pdf XXXXXXX_1.pdf |
126.90 months reserves, LTV 63.42% < 70% max, experienced investor, DSCR 1.41%, subj is new construction with well supported value | XX | Investment | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | ||
| XXXXX | XXXXX | XXXXX | 305030441 | Closed | 2026-02-02 12:03 | 2026-02-16 17:12 | Resolved | 1 - Information | Credit | Missing Doc | Borrower 1 Lease Agreements Missing | Resolved-An updated lease agreement was received. - Due Diligence Vendor-02/16/2026 Ready for Review-Please see corrected lease with Borrowers initials reflecting XXXX end date. - Due Diligence Vendor-02/05/2026 Open-Lease agreement provided indicates a start date of XX/XX/XXXX and an end date of XX/XX/XXXX. An updated lease agreement with correct end date is missing. - Due Diligence Vendor-02/02/2026 |
Resolved-An updated lease agreement was received. - Due Diligence Vendor-02/16/2026 | XXXXXXX_1.pdf | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305030356 | Closed | 2026-01-31 11:58 | 2026-04-16 11:21 | Waived | 2 - Non-Material | Credit | Eligibility | Insufficient Reserves Number of Months (Client Overlay) | Waived-Client approved exception to purchase criteria. Reserves within Lender guidelines. Finding downgraded. - Due Diligence Vendor-02/15/2026 Counter- - Due Diligence Vendor-02/13/2026 Ready for Review-Per Client overlays, 6 months of reserves are required, Finding remains. - Due Diligence Vendor-02/13/2026 Ready for Review-Guidelines only require 3 months reserves - Due Diligence Vendor-02/09/2026 Open-Audited Reserves of 5.17 month(s) are less than Guideline Required Reserves of 6 month(s) allowed by client overlays. - Due Diligence Vendor-01/31/2026 |
Waived-Client approved exception to purchase criteria. Reserves within Lender guidelines. Finding downgraded. - Due Diligence Vendor-02/15/2026 | 25.32% DTI < 50% max, 718 FICO, 5 months reserves > 3 months minimum. | XX | Primary Residence | Refinance | Cash Out - Other | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305030331 | Closed | 2026-01-31 08:21 | 2026-04-16 11:29 | Waived | 2 - Non-Material | Credit | Missing Doc | Borrower 1 Business Bank Statements Missing | Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-02/23/2026 Ready for Review-Please see attached - Due Diligence Vendor-02/19/2026 Counter-Lender provided Exception for 1 month of bank statement not provided, however the exception is not valid due 14 mos. reserves vs audit of 13.1 reserves and Residual income shows XXXX VS Audit of XXX. Corrected Doc requested. Finding remains. - Due Diligence Vendor-02/13/2026 Ready for Review-Borrower qualifies using P&L only guidelines. Business bank statement is not required. - Due Diligence Vendor-02/04/2026 Open-Borrower 1 Business Bank Statements Missing Additional conditions may result upon receipt of missing documentation - Due Diligence Vendor-01/31/2026 |
Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-02/23/2026 | XXXXXXX_1.pdf | 1. Qualifying FICO 743. 2. LTV 57.445% (max LTV allowed is 80%). 3. Reserves of 13.1 months via cash in hand proceeds to borrower at closing. 4. Residual income $XX,XXX.Underwriter used the following information pre-consummation to support loan approval: 1. P&L completed by CPA through XX/XX/XXXX. 2. CPA Letter 3. CPA Verification 4. Business bank statement from XXXXX #XXXX for XX/XX/XXXX through XX/XX/XXXX for account holder XXXXXXXX XXXXXX XXXXXXX. 5. Credit history dating back to XXXX and mortgages paid as agreed since XXXX. 6. Sufficient verified assets for funds to close plus reserves. 7. Clean A property with well supported value. |
XX | Primary Residence | Refinance | Cash Out - Other | XXXX | Originator Post-Close | No | ||
| XXXXX | XXXXX | XXXXX | 305030331 | Closed | 2026-01-31 08:21 | 2026-04-16 11:27 | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements | Resolved- - Due Diligence Vendor-04/16/2026 Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-02/23/2026 Ready for Review-Please see attached - Due Diligence Vendor-02/19/2026 Counter-Lender provided Exception for 1 month of bank statement not provided, however the exception is not valid due 14 mos. reserves vs audit of 13.1 reserves and Residual income shows XXX vs Audit of XXX. Corrected Doc requested. Finding remains. - Due Diligence Vendor-02/13/2026 Ready for Review-Please see attached exception - Due Diligence Vendor-02/05/2026 Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements No business bank statements were provided in the loan file - Due Diligence Vendor-01/31/2026 |
Resolved- - Due Diligence Vendor-04/16/2026 Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-02/23/2026 |
XXXXXXX_1.pdf XXXXXXX_1.pdf |
1. Qualifying FICO 743. 2. LTV 57.445% (max LTV allowed is 80%). 3. Reserves of 13.1 months via cash in hand proceeds to borrower at closing. 4. Residual income $XX,XXX.Underwriter used the following information pre-consummation to support loan approval: 1. P&L completed by CPA through XX/XX/XXXX. 2. CPA Letter 3. CPA Verification 4. Business bank statement from XXXXX #XXXX for XX/XX/XXXX through XX/XX/XXXX for account holder XXXXXXXX XXXXXX XXXXXXXX. 5. Credit history dating back to XXXX and mortgages paid as agreed since XXXX. 6. Sufficient verified assets for funds to close plus reserves. 7. Clean A property with well supported value. |
XX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||
| XXXXX | XXXXX | XXXXX | 305030331 | Closed | 2026-01-27 06:55 | 2026-01-31 08:36 | Acknowledged | 2 - Non-Material | Compliance | Missing Doc | Privacy Notice Required - Missing or Incomplete | Acknowledged-Privacy Notice Required - Missing or Incomplete. - Due Diligence Vendor-01/27/2026 | Acknowledged-Privacy Notice Required - Missing or Incomplete. - Due Diligence Vendor-01/27/2026 | XX | Primary Residence | Refinance | Cash Out - Other | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305030327 | Closed | 2026-04-15 14:22 | 2026-04-15 14:22 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-04/15/2026 | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-04/15/2026 | XX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305030327 | Closed | 2026-01-30 15:19 | 2026-02-23 15:31 | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Loan Estimate Mailed/Delivered Within Three Business Days of Application | Resolved-Received verification the Lender is closed on Saturdays. Condition cleared. - Due Diligence Vendor-02/23/2026 Resolved-Resolved - Due Diligence Vendor-02/23/2026 Ready for Review-Please see attached - Due Diligence Vendor-02/18/2026 Counter-Per Lender Attestation does not show XXXXXXXXX is closed on Saturdays, need proof XXXXXXXXX is closed for business on Saturdays. Finding remains. - Due Diligence Vendor-02/13/2026 Ready for Review-Saturday should not be included in the business day calculation since XXXXXXXXX is not open for business. Additionally, XX/XX/XXXX was a holiday and should also not be included. (6) Business day means a day on which the creditor's offices are open to the public for carrying on substantially all of its business functions. However, for purposes of rescission under §§ 1026.15 and 1026.23, and for purposes of §§ 1026.19(a)(1)(ii), 1026.19(a)(2), 1026.19(e)(1)(iii)(B), 1026.19(e)(1)(iv), 1026.19(e)(2)(i)(A), 1026.19(e)(4)(ii), 1026.19(f)(1)(ii), 1026.19(f)(1)(iii), 1026.20(e)(5), 1026.31, and 1026.46(d)(4), the term means all calendar days except Sundays and the legal public holidays specified in 5 U.S.C. 6103(a), such as New Year's Day, the Birthday of Martin Luther King, Jr., Washington's Birthday, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving Day, and Christmas Day. - Due Diligence Vendor-02/05/2026 Open- - Due Diligence Vendor-01/30/2026 Open- - Due Diligence Vendor-01/30/2026 Open-The Initial Disclosure Date (XX/XX/XXXX) is more than 3 business days from the Application Date (XX/XX/XXXX). Three business days from the Application Date is (XX/XX/XXXX). Under Regulation Z, a Loan Estimate must be delivered or placed in the mail not later than the third business day after receiving a consumer's application.(12 CFR 1026.19(e)(1)(iii)) . - Due Diligence Vendor-01/30/2026 Open- - Due Diligence Vendor-01/30/2026 |
Resolved-Received verification the Lender is closed on Saturdays. Condition cleared. - Due Diligence Vendor-02/23/2026 Resolved-Resolved - Due Diligence Vendor-02/23/2026 |
XXXXXXX_1.pdf | XX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305030327 | Closed | 2026-01-30 15:19 | 2026-02-23 15:29 | Acknowledged | 2 - Non-Material | Compliance | Tolerance:Disclosure | Federal - Homeownership Counseling Disclosure Delivery | Acknowledged- - Due Diligence Vendor-02/23/2026 Acknowledged-The Homeownership Counseling Organization Disclosure Sent Date (XX/XX/XXXX) is more than 3 business days from the Application Date (XX/XX/XXXX). Three business days from the Application Date is (XX/XX/XXXX). Under 12 CFR 1024.20, not later than three business days after receipt of an application, or information sufficient to complete an application, the lender must provide the applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. (12 CFR 1024.20) . - Due Diligence Vendor-01/30/2026 Open- - Due Diligence Vendor-01/30/2026 Open- - Due Diligence Vendor-01/30/2026 Open- - Due Diligence Vendor-01/30/2026 |
Acknowledged-The Homeownership Counseling Organization Disclosure Sent Date (XX/XX/XXXX) is more than 3 business days from the Application Date (XX/XX/XXXX). Three business days from the Application Date is (XX/XX/XXXX). Under 12 CFR 1024.20, not later than three business days after receipt of an application, or information sufficient to complete an application, the lender must provide the applicant with a clear and conspicuous written list of homeownership counseling organizations that provide relevant counseling services in the loan applicant's location. (12 CFR 1024.20) . - Due Diligence Vendor-01/30/2026 | XX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305030283 | Closed | 2026-03-26 14:41 | 2026-04-16 11:31 | Acknowledged | 2 - Non-Material | Property | Value | Secondary Valuation Product Only Supports Value Used to Calculate LTV | Acknowledged- - Due Diligence Vendor-03/26/2026 Open-Secondary valuation product does not support the appraised value but does support the value used to calculate the LTV. This finding will be rated A for KBRA, DBRS and Moody's, B for Fitch, and C for S&P. - Due Diligence Vendor-03/26/2026 |
XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | |||||
| XXXXX | XXXXX | XXXXX | 305030283 | Closed | 2026-01-27 14:55 | 2026-03-26 14:48 | Resolved | 1 - Information | Property | Value | Missing Post Close Valuation - 1 | Resolved-The CDA supports the sales price which was used to calculate the LTV, finding resolved. - Due Diligence Vendor-03/26/2026 Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-03/26/2026 Ready for Review-XXXXXXXXXXX came in at $XXX,XXX which is lower than the CDA that was in file at $XXX,XXX but is just under a 1% variance. It is noted that the underwriter used the purchase price of $XXX,XXX (which is also the CDA value) to qualify loan amount, not the appraised value of $XXX,XXX. XXXXXXXXX loan amount of $XXX,XXX against purchase price of $XXX,XXX is 80%. - Due Diligence Vendor-03/25/2026 Counter-Reviewed Lender's rebuttal; however, the document provided is not within the allowable 10% tolerance. As a result, an additional review product is required. Finding remains - Due Diligence Vendor-03/20/2026 Ready for Review-Final investor/XXX did full value review on each file and all came back acceptable. - Due Diligence Vendor-03/19/2026 Counter-CDA provided matches document contained in the original loan file. The CDA is not within 10% of the appraisal value. Finding remains - Due Diligence Vendor-02/19/2026 Ready for Review-Please see attached CDA - Due Diligence Vendor-02/18/2026 Counter-Document was not attached. Please upload document. A valid secondary valuation supporting the origination appraisal value is not present. - Due Diligence Vendor-02/16/2026 Ready for Review-Please see CDA attached. Thank you. - Due Diligence Vendor-02/05/2026 Open-A valid secondary valuation supporting the origination appraisal value is not present. - Due Diligence Vendor-02/02/2026 |
Resolved-The CDA supports the sales price which was used to calculate the LTV, finding resolved. - Due Diligence Vendor-03/26/2026 Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-03/26/2026 |
XXXXXXX_1.pdf XXXXXXX_1.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305030274 | Closed | 2026-02-01 08:31 | 2026-03-12 15:27 | Waived | 2 - Non-Material | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-03/12/2026 Ready for Review-The Post Closing Guideline Exception Form has been uploaded along with alternative supporting documentation to support that borrower owns business that EMD of $XXXX was provided. - Due Diligence Vendor-03/12/2026 Open-Asset Qualification Does Not Meet Guideline Requirements The $XXX,XXX earnest money deposit came out of a business account. There are no documents in the file to verify the borrower's ownership of this business. - Due Diligence Vendor-02/01/2026 |
Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-03/12/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
743 FICO, 7.34 months in reserves, experienced investor | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | ||
| XXXXX | XXXXX | XXXXX | 305030160 | Closed | 2026-02-02 13:26 | 2026-04-16 11:36 | Waived | 2 - Non-Material | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Client approved exception to purchase criteria. LTV within Lender guidelines. Finding downgraded. - Due Diligence Vendor-02/16/2026 Ready for Review-Please see attached matrix confirming max on a BP Accelerator loan is 80%. - Due Diligence Vendor-02/04/2026 Open-Audited LTV of 80% exceeds Guideline LTV of 75% Lender guideline matrix only allows a max LTV of 75% for DSCR < 1. - Due Diligence Vendor-02/02/2026 |
Waived-Client approved exception to purchase criteria. LTV within Lender guidelines. Finding downgraded. - Due Diligence Vendor-02/16/2026 | XXXXXXX_1.pdf | 1) FICO 721 > 700 minimum required 2) Subject property is new construction with well supported value 3) Credit history dating back to XXXX and accounts paid as agreed 3+ years | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | ||
| XXXXX | XXXXX | XXXXX | 305030160 | Closed | 2026-01-29 14:28 | 2026-03-10 12:34 | Waived | 2 - Non-Material | Credit | Eligibility | Debt Service Coverage Ratio below guideline minimum | Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-03/10/2026 Ready for Review-Please see attached exception - Due Diligence Vendor-03/10/2026 Counter-Reviewed lender's rebuttal regarding calculation of PITIA. The lender calculated the property taxes at $XXX.XX per month; however, based on the tax bill in file, the property taxes are $X,XXX.XX per month. The loan file also contains a property tax estimate from the title company reflecting annual taxes of $X,XXX.XX or $XXX.XX per month. Please provide documentation to support monthly taxes of $XXX. Finding remains - Due Diligence Vendor-03/09/2026 Ready for Review-Please see PC Finding Review - Due Diligence Vendor-03/06/2026 Counter-DSCR of 0.911 does not meet client overlay DSCR of 1. Condition remains. - Due Diligence Vendor-02/16/2026 Ready for Review-See matrix attached. Max ltv permitted with a 721 mid is 80% on a purchase. Thank you. - Due Diligence Vendor-02/04/2026 Open-Audited DSCR of 0.911 is below guideline minimum of 1 . Lender guideline matrix only allows a max LTV of 75% for DSCR < 1. - Due Diligence Vendor-02/02/2026 |
Waived-Lender provided approved exception dated post consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-03/10/2026 | XXXXXXX_1.pdf XXXXXXX_1.pdf XXXXXXX_1.pdf |
1) FICO 721 > 700 minimum required 2) Subject property is new construction with well supported value 3) Credit history dating back to XXXX and accounts paid as agreed 3+ years | XX | Investment | Purchase | NA | XXXX | Originator Post-Close | No | ||
| XXXXX | XXXXX | XXXXX | 305030160 | Closed | 2026-01-29 13:34 | 2026-02-16 15:35 | Resolved | 1 - Information | Credit | Missing Doc | Missing Mortgage Riders - Condo Rider | Resolved-The Condo Rider is Present - Due Diligence Vendor-02/16/2026 Ready for Review-Mortgage document Uniform Covenants #38 provides the relevant terms for the condominium property. - Due Diligence Vendor-02/16/2026 Ready for Review-Please note: We do not include riders because we already include the relevant terms within the security instrument, or we have the terms changed and replace rather than using a rider to edit boilerplate language which leaves ambiguity and interpretation in the courts in a dispute. - Due Diligence Vendor-02/04/2026 Open-Condo Rider is Missing - Due Diligence Vendor-01/29/2026 |
Resolved-The Condo Rider is Present - Due Diligence Vendor-02/16/2026 | XX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 305030148 | Closed | 2026-01-30 10:45 | 2026-03-10 09:14 | Resolved | 1 - Information | Credit | Missing Doc | Citizenship Documentation Not Provided | Resolved-Lender provided ITIN letter with CPA letter, finding resolved. - Due Diligence Vendor-03/10/2026 Counter-Lender provided CPA letter with ITIN letter, however per guidelines need acceptable VISA, condition remains - Due Diligence Vendor-02/13/2026 Ready for Review-ITIN borrower- ITIN letter and CPA letter. - Due Diligence Vendor-02/05/2026 Open-Borrower 1 Citizenship Documentation Is Missing Missing a valid VISA with entry stamps as required by the lender guidelines. - Due Diligence Vendor-01/30/2026 |
Resolved-Lender provided ITIN letter with CPA letter, finding resolved. - Due Diligence Vendor-03/10/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305030106 | Closed | 2026-01-26 12:10 | 2026-02-13 10:15 | Resolved | 1 - Information | Compliance | Mavent | Fees: Limited | Resolved-Lender provided breakdown of Recording fee, which included XXXX Foreclosure Prevention Fee, Finding resolved - Due Diligence Vendor-02/13/2026 Resolved-Resolved - Due Diligence Vendor-02/13/2026 Ready for Review-Please see attached the Foreclosure Prevention Fee Audit and PCCD. This fee was included in the section E recording fees - Due Diligence Vendor-02/05/2026 Open- - Due Diligence Vendor-01/26/2026 Open-XXXX requires every borrower in a residential mortgage loan to pay an $XX Foreclosure Prevention Fee. The System did not find an $XX fee titled "Foreclosure Prevention", "Foreclosure Prevention Fee", nor "XXXX Foreclosure Prevention Fee". "Residential mortgage loan" means any loan primarily for personal, family, or household use that is secured by a mortgage, deed of trust, or other consensual security interest on a dwelling, as defined in the Truth in Lending Act, or residential real estate upon which is constructed or intended to be constructed a dwelling. (RCW 61.24; RCW 31.04.015(24)) - Due Diligence Vendor-01/26/2026 Open- - Due Diligence Vendor-01/26/2026 |
Resolved-Lender provided breakdown of Recording fee, which included XXXXXXXXXX Foreclosure Prevention Fee, Finding resolved - Due Diligence Vendor-02/13/2026 Resolved-Resolved - Due Diligence Vendor-02/13/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305030038 | Closed | 2026-01-30 14:53 | 2026-02-15 20:40 | Waived | 2 - Non-Material | Credit | Eligibility | Insufficient Reserves Number of Months (Client Overlay) | Waived-Client approved exception to purchase criteria. Reserves within Lender guidelines. Finding downgraded. - Due Diligence Vendor-02/16/2026 Counter-Per Client overlays, 6 months of reserves are required. Finding remains. - Due Diligence Vendor-02/13/2026 Ready for Review-Guidelines only require 3 months reserves - Due Diligence Vendor-02/09/2026 Open-Audited Reserves of 5.78 month(s) are less than Guideline Required Reserves of 6 month(s) allowed by client overlays. - Due Diligence Vendor-01/30/2026 |
Waived-Client approved exception to purchase criteria. Reserves within Lender guidelines. Finding downgraded. - Due Diligence Vendor-02/16/2026 | 17.18% dti < 45% max 773 FICO > 720 min |
XX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305029971 | Closed | 2026-02-09 14:03 | 2026-03-09 13:56 | Resolved | 1 - Information | Credit | Assets | Asset 1 Does Not Meet Guideline Requirements | Resolved-Received ownership documents, finding resolved. - Due Diligence Vendor-03/09/2026 Ready for Review-Please see documents to support borrower's ownership, please review and advise. - Due Diligence Vendor-03/06/2026 Open-Verification of borrower’s ownership of business account #XXXX is missing. - Due Diligence Vendor-02/09/2026 |
Resolved-Received ownership documents, finding resolved. - Due Diligence Vendor-03/09/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305029971 | Closed | 2026-02-09 14:07 | 2026-02-24 15:42 | Resolved | 1 - Information | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Payment History and Property Report provided. Property Report confirms borrower as a primary owner. Finding resolved - Due Diligence Vendor-02/24/2026 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-02/24/2026 Ready for Review-Property profile; Bwr owns property - Due Diligence Vendor-02/20/2026 Counter-The loan application reflects the borrower is unmarried and living rent free and the attached mortgage payment history is not in the borrower's name. Lender's guidelines require a letter of explanation for the person the borrower is living with confirming relationship and that they are living rent free with time frame. Finding remains - Due Diligence Vendor-02/18/2026 Ready for Review-Borrower owns primary residence. See attached VOM - Due Diligence Vendor-02/11/2026 Open-Missing a rent-free letter for borrower's primary residence. - Due Diligence Vendor-02/09/2026 |
Resolved-Payment History and Property Report provided. Property Report confirms borrower as a primary owner. Finding resolved - Due Diligence Vendor-02/24/2026 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-02/24/2026 |
XXXXXXX_1.pdf XXXXXXX_1.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 304875288 | Closed | 2026-04-15 15:09 | 2026-04-15 15:09 | Acknowledged | 2 - Non-Material | Property | Value | Secondary valuation supports within 10%, PIW grading applies | Acknowledged-Secondary valuation support within 10%, PIW in file for a GSE loan. - Due Diligence Vendor-04/15/2026 | Acknowledged-Secondary valuation support within 10%, PIW in file for a GSE loan. - Due Diligence Vendor-04/15/2026 | XX | Second Home | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 304875288 | Closed | 2025-12-26 11:13 | 2026-01-14 17:58 | Resolved | 1 - Information | Property | Value | Missing Post Close Valuation - 1 | Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-01/14/2026 Ready for Review-AVM - Due Diligence Vendor-01/13/2026 Counter-Documents provided for review are not a valid secondary valuation; condition remains. - Due Diligence Vendor-12/31/2025 Ready for Review-PIW Disclosure & UW Findings - Due Diligence Vendor-12/30/2025 Open-A valid secondary valuation supporting the origination appraisal value is not present. - Due Diligence Vendor-12/26/2025 |
Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-01/14/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_1.pdf |
XX | Second Home | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 304875288 | Closed | 2025-12-22 13:28 | 2026-01-14 17:57 | Resolved | 1 - Information | Compliance | Missing Doc | PUD Rider is Missing | Resolved-The PUD Rider is Present or is Not Applicable (Property Type is PUD) - Due Diligence Vendor-01/14/2026 Resolved-Received PUD rider. Condition cleared. - Due Diligence Vendor-01/05/2026 Ready for Review-PUD Rider - Due Diligence Vendor-01/02/2026 Open-Missing Mortgage Riders – PUD Rider - Due Diligence Vendor-12/22/2025 |
Resolved-The PUD Rider is Present or is Not Applicable (Property Type is PUD) - Due Diligence Vendor-01/14/2026 Resolved-Received PUD rider. Condition cleared. - Due Diligence Vendor-01/05/2026 |
XXXXXXX_1.pdf | XX | Second Home | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 304875288 | Closed | 2026-01-05 08:21 | 2026-01-05 08:23 | Resolved | 1 - Information | Compliance | Closing | Note Address Does Not Match Deed of Trust Address | Resolved-Note Address of XXXX X XXXXXX XX, XXXX XXXXX, XX, XXXXX Matches Deed of Trust Address of XXXX X XXXXXX XX, XXXX XXXXX, XX, XXXXX - Due Diligence Vendor-01/05/2026 Open-Note Address of XXXX X XXXXXX XX, XXXX XXXXX, XX, XXXXX Does Not Match Deed of Trust Address of XXXX X XXXXXX XX, XXXX XXXXX, XX, XXXXX - Due Diligence Vendor-01/05/2026 |
Resolved-Note Address of XXXX X XXXXXX XX, XXXX XXXXX, XX, XXXXX Matches Deed of Trust Address of XXXX X XXXXXX XX, XXXX XXXXX, XX, XXXXX - Due Diligence Vendor-01/05/2026 | XX | Second Home | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 304894708 | Closed | 2026-01-12 23:42 | 2026-02-24 16:43 | Resolved | 1 - Information | Compliance | Disclosure | TILA: CHARM Booklet is Missing or Incomplete | Resolved-CHARM Booklet is Present or Not Applicable - Due Diligence Vendor-02/24/2026 Ready for Review-Charm Booklet and proof of delivery - Due Diligence Vendor-02/24/2026 Counter-Received a copy of the handbook. Provide evidence that Charm Booklet was provided to borrowers within 3 days of application date. Condition remains. - Due Diligence Vendor-02/04/2026 Ready for Review-Consumer Handbook - Due Diligence Vendor-02/03/2026 Open-TILA: CHARM Booklet is Missing or Incomplete Provide evidence that Charm Booklet was provided to borrowers within 3 days of application date. - Due Diligence Vendor-01/13/2026 |
Resolved-CHARM Booklet is Present or Not Applicable - Due Diligence Vendor-02/24/2026 | XXXXXXX_1.pdf XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 304894708 | Closed | 2026-01-13 00:30 | 2026-02-04 15:33 | Resolved | 1 - Information | Compliance | Disclosure | ECOA: Appraisal Not Provided to Applicant | Resolved-ECOA Compliant: Appraisal present; evidence appraisal was provided to applicant. - Due Diligence Vendor-02/04/2026 Ready for Review-Proof of appraisal receipt by borrower - Due Diligence Vendor-02/03/2026 Open-ECOA Non-Compliant: Appraisal present; no evidence appraisal was provided to applicant. Appraisal present: no evidence appraisal was provided to applicant. - Due Diligence Vendor-01/13/2026 |
Resolved-ECOA Compliant: Appraisal present; evidence appraisal was provided to applicant. - Due Diligence Vendor-02/04/2026 | XXXXXXX_1.pdf | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 304894708 | Closed | 2026-01-16 08:58 | 2026-01-16 08:58 | Acknowledged | 2 - Non-Material | Compliance | Right to Rescind | TILA: Incorrect NORTC model provided - H8 equal or after XX/XX/XXXX (non-material jurisdictions) | Acknowledged-TILA: Incorrect NORTC model provided - H8 equal or after XX/XX/XXXX (non-material jurisdictions) SFA Position - B exception grade for circuits in which there is no ruling. - Due Diligence Vendor-01/16/2026 |
Acknowledged-TILA: Incorrect NORTC model provided - H8 equal or after XX/XX/XXXX (non-material jurisdictions) SFA Position - B exception grade for circuits in which there is no ruling. - Due Diligence Vendor-01/16/2026 |
XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305030935 | Closed | 2026-02-16 09:24 | 2026-02-25 11:07 | Acknowledged | 1 - Information | Compliance | QM-ATR | Change in Originator Qualified Mortgage Designation | Acknowledged-This finding is informational only. No further action is required. - Due Diligence Vendor-02/25/2026 Ready for Review-XX 2/24: Please advise what further is needed from us to clear this finding - Due Diligence Vendor-02/25/2026 Acknowledged-The lender changed the originator qualified mortgage designation from QM to Non QM. This finding is informational only. No further action is required. - Due Diligence Vendor-02/16/2026 |
Acknowledged-This finding is informational only. No further action is required. - Due Diligence Vendor-02/25/2026 Acknowledged-The lender changed the originator qualified mortgage designation from QM to Non QM. This finding is informational only. No further action is required. - Due Diligence Vendor-02/16/2026 |
XX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305030935 | Closed | 2026-02-10 06:46 | 2026-02-16 09:29 | Resolved | 1 - Information | Compliance | AbilityToRepay:TermAndFeatures | Federal - Qualified Mortgage Loan Features (01/14) | Resolved-Client acknowledges this loan does not meet QM requirements. QM status changed to Non-QM. - Due Diligence Vendor-02/16/2026 Ready for Review-XX 2/13. This loan is not subject to QM - Due Diligence Vendor-02/13/2026 Open- - Due Diligence Vendor-02/11/2026 Open-This loan cannot be a General Qualified Mortgage. The (XXXX) months interest only payments make it ineligible. (12 CFR 1026.43(e)(2)(i)(B)) Updated as per documents and spreadsheet - QM file and XXXX months initial interest file. - Due Diligence Vendor-02/10/2026 Open- - Due Diligence Vendor-02/10/2026 |
Resolved-Client acknowledges this loan does not meet QM requirements. QM status changed to Non-QM. - Due Diligence Vendor-02/16/2026 | XX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 304866589 | Closed | 2026-01-04 06:16 | 2026-01-09 07:17 | Resolved | 1 - Information | Credit | Missing Doc | Missing Payoff Statement for prior loan | Resolved-Received payoff statement and settlement statements. Verified lien was paid off through 2 refinances, condition cleared. - Due Diligence Vendor-01/09/2026 Resolved-Payoff Statement for prior loan provided. - Due Diligence Vendor-01/09/2026 Ready for Review-01/08/26 - XX: Please see the attached payoff statement for XXXX XXX XXXXXXX. The XXXX XXX XXXXXXXX XXXXXXXX was obtained for both XXX XXXXXXXX XXXXX XX as well as XXXX X XX XXXXX XXX, XXXXXX, XX XXXXX per the provided settlement statement dated XX/XX/XXXX. $XXX,XXX.XX of the total payoff amount was paid via XXX loan #XXXXXXXXXX, and the remaining balance of $XXX,XXX.XX was paid via XXX loan #XXXXXXXXX. The final settlement statements for both XXX transactions have been attached as well. - Due Diligence Vendor-01/08/2026 Open-Missing Payoff Statement for prior loan. - Due Diligence Vendor-01/04/2026 |
Resolved-Received payoff statement and settlement statements. Verified lien was paid off through 2 refinances, condition cleared. - Due Diligence Vendor-01/09/2026 Resolved-Payoff Statement for prior loan provided. - Due Diligence Vendor-01/09/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf XXXXXXX_4.pdf |
XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 304908705 | Closed | 2026-01-13 07:39 | 2026-01-13 07:39 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. - Due Diligence Vendor-01/13/2026 | Acknowledged-S&P RA Only - Value grade equals B, secondary product within tolerance. - Due Diligence Vendor-01/13/2026 | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 304904457 | Closed | 2026-01-23 08:55 | 2026-01-30 08:39 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Satisfactory mortgage history for the subject property is reporting on the credit report, condition resolved. - Due Diligence Vendor-01/30/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-01/30/2026 Ready for Review-1/29 XX- see attached - Due Diligence Vendor-01/29/2026 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Mortgage (VOM) Document is incomplete for subject property - Due Diligence Vendor-01/23/2026 |
Resolved-Satisfactory mortgage history for the subject property is reporting on the credit report, condition resolved. - Due Diligence Vendor-01/30/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-01/30/2026 |
XXXXXXX_1.pdf | XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305026599 | Closed | 2026-01-08 12:14 | 2026-01-13 07:15 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Both REOs have been verified, one closed with the lender, and one was rejected. Condition cleared. - Due Diligence Vendor-01/13/2026 Ready for Review-1/12 XX: Please see attached CD for REO XXXX X XXXXXXXX XX XXXXXXXXXXXX, XXXXXXX XXXXX that shows the loan closed on XX/XX/XXXX. No mtg statement would be available yet. For the REO XXX XXXXXXX XXX please see the rejected status approval and denial letter for the property. No new XXX mtg was obtained. - Due Diligence Vendor-01/12/2026 Open-1003 application indicates REO properties #3b and #3c with a new mortgage with the lender. A copy of the Note and or final closing disclosure for REO properties #3b and #3c with new mortgage as reflected on the 1003 application is missing. - Due Diligence Vendor-01/08/2026 |
Resolved-Both REOs have been verified, one closed with the lender, and one was rejected. Condition cleared. - Due Diligence Vendor-01/13/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf XXXXXXX_4.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305026598 | Closed | 2026-01-07 08:17 | 2026-01-12 14:42 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Verified 1 REO closed with the lender and 1 REO was rejected. Condition cleared. - Due Diligence Vendor-01/12/2026 Ready for Review-1/12 XXX: Please see the attached final CD and Note for the property at XXXX X XXXXXXXX XX. Please note that the purchase of the property at XXX XXXXXXX XXX was not completed, and a copy of the Denial Letter and evidence of the loan's Rejected status have been included to confirm. - Due Diligence Vendor-01/12/2026 Open-1003 application indicates 2 REO properties with new mortgages with the lender. A copy of the Note and or final closing disclosure for the 2 new mortgages reflected on the 1003 application are missing. - Due Diligence Vendor-01/07/2026 |
Resolved-Verified 1 REO closed with the lender and 1 REO was rejected. Condition cleared. - Due Diligence Vendor-01/12/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf XXXXXXX_4.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 304909608 | Closed | 2026-01-20 17:08 | 2026-02-18 05:21 | Resolved | 1 - Information | Credit | Assets | Asset 3 Does Not Meet Guideline Requirements | Resolved-XXXX statement received and cleared. - Due Diligence Vendor-02/18/2026 Resolved-Asset Record 3 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-02/18/2026 Ready for Review-02/11/26 - XX: Please see attached. - Due Diligence Vendor-02/11/2026 Open-Asset Record 3 Does Not Meet G/L Requirements Per lender guidelines, assets must be sourced and seasoned for a minimum of 60 days. The file is missing two consecutive months of bank statements for the account ending in XXXX—only one month was provided. Without the additional statements, the borrower is short on cash to close and required reserves. - Due Diligence Vendor-01/20/2026 |
Resolved-Oct statement received and cleared. - Due Diligence Vendor-02/18/2026 Resolved-Asset Record 3 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-02/18/2026 |
XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305030647 | Closed | 2026-02-05 18:00 | 2026-02-05 18:47 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-02/06/2026 | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-02/06/2026 | XX | Primary Residence | Refinance | Cash Out - Other | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 304993657 | Closed | 2025-12-24 04:52 | 2026-01-07 07:07 | Resolved | 1 - Information | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Updated title with coverage of $XXX,XXX received and cleared. - Due Diligence Vendor-01/07/2026 Resolved-Title Coverage Amount of $XXXXXX is equal to or greater than Total Amount of Subject Lien(s) $XXXXXX - Due Diligence Vendor-01/07/2026 Ready for Review-1/6 XX please see attached - Due Diligence Vendor-01/06/2026 Counter-Please provide verification that the title policy covers the loan amount. Per XXX Investor Flex Underwriting Guides - The amount of title insurance coverage on the final title policy must be at least equal to the original principal amount of the mortgage. - Due Diligence Vendor-01/06/2026 Ready for Review-1/6 XX per XXXXX at XXX, these conditions are to be waived and not a Grade C, please refer to XXX if needed, please waive thank you - Due Diligence Vendor-01/06/2026 Open-Title Coverage Amount of $XXXXXX.XX is Less than Total Amount of Subject Lien(s) of $XXXXXX.XX - Due Diligence Vendor-12/24/2025 |
Resolved-Updated title with coverage of $XXX,XXX received and cleared. - Due Diligence Vendor-01/07/2026 Resolved-Title Coverage Amount of $XXXXXX is equal to or greater than Total Amount of Subject Lien(s) $XXXXXX - Due Diligence Vendor-01/07/2026 |
XXXXXXX_1.pdf | XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305012671 | Closed | 2026-02-20 18:14 | 2026-02-26 16:07 | Resolved | 1 - Information | Credit | Assets | Asset Qualification Does Not Meet Guideline Requirements | Resolved-Guidelines do not require documentation of the receipt of funds. Finding resolved. - Due Diligence Vendor-02/26/2026 Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-02/26/2026 Ready for Review-2/24 XX: Per the guidelines: " When used for the down payment or closing costs, if the value of the asset (as determined above) is at least 20% more than the amount of funds needed for the down payment and closing costs, no documentation of the borrower’s actual receipt of funds realized from the sale or liquidation is required." Since the total balance of $XXX,XXX.XX exceeds the $XX,XXX.XX + Reserves of $XX,XXX.XX, liquidation is not required here. - Due Diligence Vendor-02/24/2026 Open-Asset Qualification Does Not Meet Guideline Requirements XXXX statement used for funds to close. According to the lender guidelines, the withdrawal and borrower's receipt of funds required. - Due Diligence Vendor-02/21/2026 |
Resolved-Guidelines do not require documentation of the receipt of funds. Finding resolved. - Due Diligence Vendor-02/26/2026 Resolved-Asset Qualification Meets Guideline Requirements - Due Diligence Vendor-02/26/2026 |
XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 305034617 | Closed | 2026-02-06 14:10 | 2026-03-11 09:53 | Resolved | 1 - Information | Credit | Insurance | Hazard Insurance Effective Date is after the Disbursement Date | Resolved-Received prior hazard insurance policy covering disbursement date, finding resolved. - Due Diligence Vendor-03/11/2026 Resolved-Hazard Insurance Effective Date of XX/XX/XXXX is prior to or equal to the Disbursement Date of XX/XX/XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-03/11/2026 Ready for Review-03/11/26 - XX: The attached policy reflects a term covering XX/XX/XXXX - XX/XX/XXXX. - Due Diligence Vendor-03/11/2026 Counter-Document provided matches hazard insurance document from the loan file, the effective date of the insurance is after the disbursement date. Finding remains - Due Diligence Vendor-03/02/2026 Ready for Review-02/27/26 - XX: Please see attached. - Due Diligence Vendor-02/27/2026 Open-Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX - Due Diligence Vendor-02/06/2026 |
Resolved-Received prior hazard insurance policy covering disbursement date, finding resolved. - Due Diligence Vendor-03/11/2026 Resolved-Hazard Insurance Effective Date of XX/XX/XXXX is prior to or equal to the Disbursement Date of XX/XX/XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-03/11/2026 |
XXXXXXX_1.pdf XXXXXXX_1.pdf |
XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305029236 | Closed | 2026-01-27 15:32 | 2026-03-18 10:26 | Resolved | 1 - Information | Property | Appraisal | Subject property appraisal is not on an as-is basis (Primary Value) | Resolved-Received "as is" appraisal, finding resolved. - Due Diligence Vendor-03/18/2026 Resolved-Primary Value Subject Property Appraisal is completed on an As-Is Basis or Not Applicable - Due Diligence Vendor-03/18/2026 Ready for Review-3/18 XX: Please see attached updated appraisal report. - Due Diligence Vendor-03/18/2026 Counter-The appraiser must identify items needed for repair or provide "as is" appraisal. Any immediate or necessary repairs must be completed and re-inspected as required by guides. Finding remains - Due Diligence Vendor-02/25/2026 Ready for Review-2/18 XX: XXX does understand that the appraisal does say that the appraisal is subject to completion and to see addendum for commentary. Since the appraisal has no additional commentary about what repairs need to be done and the pictures don't disclose that there is anything incomplete, are we able to proceed with the file as is. Positive factors include FICO 799 & borrower has personal funds that can equal up to 2 years in reserves. - Due Diligence Vendor-02/18/2026 Counter-Appraisal and all addendums were reviewed, and the appraiser doesn't list what repairs are required. Verification of repairs and proof they have been completed are required. If repairs are not required, please provide an appraisal marked "as is". Condition remains. - Due Diligence Vendor-02/03/2026 Ready for Review-2/2 XX: The appraisal was marked subject to a final inspection however, a new appraisal is not required to show as is and the value will not be impacted. - Due Diligence Vendor-02/02/2026 Open-A copy of the appraisal was provided to the Due Diligence Firm on XX/XX/XXXX; however, the appraisal was completed “subject to.” A condition for a final inspection was added on XX/XX/XXXX. - Due Diligence Vendor-XX/XX/XXXX Open-Primary Value Subject Property Appraisal is not on an As-Is Basis - Due Diligence Vendor-XX/XX/XXXX |
Resolved-Received "as is" appraisal, finding resolved. - Due Diligence Vendor-03/18/2026 Resolved-Primary Value Subject Property Appraisal is completed on an As-Is Basis or Not Applicable - Due Diligence Vendor-03/18/2026 |
XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305029236 | Closed | 2026-01-11 08:54 | 2026-03-18 10:25 | Resolved | 1 - Information | Property | Missing Doc | Missing Appraisal (Property) | Resolved-Appraisal provided - Due Diligence Vendor-01/27/2026 Resolved-Appraisal or other primary valuation product was provided - Due Diligence Vendor-01/27/2026 Ready for Review-01/26/26 - XX: Please see the attached appraisal which includes the comparable rent schedule - Due Diligence Vendor-01/26/2026 Open-Appraisal or other primary valuation product is missing Appraisal or other primary valuation product along with rent schedule is missing - Due Diligence Vendor-01/11/2026 |
Resolved-Appraisal provided - Due Diligence Vendor-01/27/2026 Resolved-Appraisal or other primary valuation product was provided - Due Diligence Vendor-01/27/2026 |
XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305037881 | Closed | 2026-02-05 09:27 | 2026-03-02 09:19 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Final CD and proof previously F&C provided, finding resolved. - Due Diligence Vendor-03/02/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/02/2026 Ready for Review-2/27 XXX: Please note that the final CD that was provided in the loan file confirms that the property was free and clear prior to the mortgage with XXX XXXXXXXX XXX, as page 3 shows there was no prior mortgage paid off in the refinance. Please also see the attached property report to show there was no mortgage at the initial acquisition of the property in XXXX. - Due Diligence Vendor-02/27/2026 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Verification of Mortgage (VOM) Document is incomplete for primary residence as per GL 12 months required. If property was free and clear prior to refinance, missing evidence of free and clear. - Due Diligence Vendor-02/05/2026 |
Resolved-Final CD and proof previously F&C provided, finding resolved. - Due Diligence Vendor-03/02/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/02/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305037881 | Closed | 2026-02-23 17:58 | 2026-03-02 09:17 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Final Closing Disclosure received, finding resolved. - Due Diligence Vendor-03/02/2026 Ready for Review-2/27 XXX: Please see the attached CD for the property at XX XXXXXXX XX. - Due Diligence Vendor-02/27/2026 Open-1003 application indicate REO properties #3c with a new mortgage with the lender. A copy of the Note and or final closing disclosure for the REO (XX XXXXXXX) reflected on the 1003 application is missing. - Due Diligence Vendor-02/23/2026 |
Resolved-Final Closing Disclosure received, finding resolved. - Due Diligence Vendor-03/02/2026 | XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305051449 | Closed | 2026-03-13 14:22 | 2026-04-01 10:18 | Acknowledged | 2 - Non-Material | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Acknowledged-XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 777, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades findings - Due Diligence Vendor-04/01/2026 Counter-Section 11 of Residential Mortgage Purchase Criteria overlay document states business assets cannot be used as reserves. Lender's rebuttal indicates an exception was granted; however, no approved exception form was uploaded. Finding remains - Due Diligence Vendor-03/19/2026 Ready for Review-3/18 XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 777, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. - Due Diligence Vendor-03/18/2026 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) Audited Reserves of 0 months are less than Guideline Required Reserves of 3 months due to Guideline overlays do not allow the use of business assets for reserves. - Due Diligence Vendor-03/13/2026 |
Acknowledged-XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 777, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades findings - Due Diligence Vendor-04/01/2026 |
XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 777, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305051449 | Closed | 2026-03-13 14:19 | 2026-04-01 10:17 | Acknowledged | 2 - Non-Material | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Acknowledged-XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 777, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades findings - Due Diligence Vendor-04/01/2026 Counter-Section 11 of Residential Mortgage Purchase Criteria overlay document states business assets cannot be used as reserves. Lender's rebuttal indicates an exception was granted; however, no approved exception form was uploaded. Finding remains - Due Diligence Vendor-03/19/2026 Ready for Review-3/18 XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 777, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. - Due Diligence Vendor-03/18/2026 Open-Total Qualified Assets for Reserves Post-Close of $X is less than Total Required Reserve Amount of $XXXX.XX. Guideline overlays do not allow the use of business assets for reserves. - Due Diligence Vendor-03/13/2026 |
Acknowledged-XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 777, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades findings - Due Diligence Vendor-04/01/2026 |
XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 777, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305047103 | Closed | 2026-02-27 15:14 | 2026-03-11 14:14 | Acknowledged | 2 - Non-Material | Credit | Eligibility | Transaction Ineligible | Acknowledged-The DSCR condition can be downgraded. Client Acknowledges and downgrades - Due Diligence Vendor-03/11/2026 Counter-Although the XXXX County tax bill does not include the solid waste tax, the tax is reflected on the title and needs to be included in the DSCR calculation. Finding remains - Due Diligence Vendor-03/04/2026 Ready for Review-03/04/2026 - XX: Please see attached. Per the XXXX County website, the $XX payment for the XXXXX XXXXX tax is collected separately from the subject's property taxes. The total annual property taxes of $X,XXX.XX is correct. - Due Diligence Vendor-03/04/2026 Open-DSCR of 0.999 is less than guideline minimum requirement DSCR of 1. Lender’s DSCR = 1.00. DSCR variance is due to lender utilized a tax amount of $XXX.XX vs $XXX.XX per the title. - Due Diligence Vendor-02/27/2026 |
Acknowledged-The DSCR condition can be downgraded. Client Acknowledges and downgrades - Due Diligence Vendor-03/11/2026 | XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305034611 | Closed | 2026-03-02 13:25 | 2026-03-06 08:33 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Received final Closing Disclosures for REO's reflecting closing dates of XX/XXXX, finding resolved. - Due Diligence Vendor-03/06/2026 Ready for Review-03/05 XX: see attach CDs for the REOs - Due Diligence Vendor-03/05/2026 Open-1003 application indicates the following REO properties with a new mortgage with the lender. A copy of the Note and or final closing disclosure for REOs are missing, XXXX XXXXXXX XXX, XXXX XXXXXXX XXX, and XXXX XXXXXXXX. - Due Diligence Vendor-03/02/2026 |
Resolved-Received final Closing Disclosures for REO's reflecting closing dates of XX/XXXX, finding resolved. - Due Diligence Vendor-03/06/2026 | XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305046017 | Closed | 2026-03-11 13:44 | 2026-03-17 10:32 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Copies of Notes received for REO 3d and 3e showing no payments due until XX/XX/XXXX, finding resolved. - Due Diligence Vendor-03/17/2026 Ready for Review-3/16 XX: Please see attached copy of note - Due Diligence Vendor-03/16/2026 Open-1003 application indicates REO properties #3d and #3e with new mortgages financed by the lender. Copies of the Notes and/or Final Closing Disclosure, for REO properties #3d and #3e with new mortgages as reflected on the 1003 application, are missing. - Due Diligence Vendor-03/11/2026 |
Resolved-Copies of Notes received for REO 3d and 3e showing no payments due until XX/XX/XXXX, finding resolved. - Due Diligence Vendor-03/17/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305034535 | Closed | 2026-02-23 12:26 | 2026-04-16 11:39 | Waived | 2 - Non-Material | Credit | Eligibility | Transaction Ineligible | Waived- - Due Diligence Vendor-04/16/2026 Acknowledged-XXX: XXX acknowledges that the borrower is a first time home buyer, however, we would like to request an exception on the loan as we believe the loan is still of credit worthiness. The qualifying FICO is 811, the DSCR is 1.50, and the borrower documented 99+ months in reserves on the file. Additionally, the property is currently listed for rent for an amount higher than what was used to qualify the loan. Please downgrade based on the comp factors noted by XXX. Client acknowledges and downgrades findings. - Due Diligence Vendor-04/01/2026 Open-Borrower is a first-time homebuyer. According to the lender guideline, first time homebuyers not permitted. - Due Diligence Vendor-02/23/2026 |
Acknowledged-XXX: XXX acknowledges that the borrower is a first time home buyer, however, we would like to request an exception on the loan as we believe the loan is still of credit worthiness. The qualifying FICO is 811, the DSCR is 1.50, and the borrower documented 99+ months in reserves on the file. Additionally, the property is currently listed for rent for an amount higher than what was used to qualify the loan. Please downgrade based on the comp factors noted by XXX. Client acknowledges and downgrades findings. - Due Diligence Vendor-04/01/2026 |
Qualifying FICO is 811, the DSCR is 1.50, and the borrower documented 99+ months in reserves. | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305038990 | Closed | 2026-03-19 15:31 | 2026-03-29 13:44 | Resolved | 1 - Information | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Received copy of Settlement Statement reflecting no open mortgage along with source of funds. Meets lender's guidelines for Delayed Financing, finding resolved. - Due Diligence Vendor-03/29/2026 Resolved-Audited LTV of 80% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-03/29/2026 Ready for Review-03/27/2026 - XX: Please see the attached settlement statement for the purchase of the subject and bank statements reflecting payment of $XX,XXX.XX on XX/XX/XXXX - Due Diligence Vendor-03/27/2026 Counter-Reviewed Lender's response indicating transaction is delayed financing but the loan file does not contain the documentation required for a delayed financing transaction. The loan file does not contain a settlement statement confirming no mortgage financing was used to obtain the subject property and is also missing the sources of funds used to acquire the property. Finding remains - Due Diligence Vendor-03/26/2026 Ready for Review-03/25/26 - XX: This is a delayed financing transaction. Investor Guidelines required the file to submitted as a cash-out refinance, but the file is underwritten per rate . and term parameters. An LTV of 80% is sufficient - Due Diligence Vendor-03/25/2026 Open-Audited LTV of 80% exceeds Guideline LTV of 75% . Client overlay guidelines require a maximum LTV of 75% for a Cash-out Refinance. However, the current LTV of the subject is 80%. - Due Diligence Vendor-03/20/2026 |
Resolved-Received copy of Settlement Statement reflecting no open mortgage along with source of funds. Meets lender's guidelines for Delayed Financing, finding resolved. - Due Diligence Vendor-03/29/2026 Resolved-Audited LTV of 80% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-03/29/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305053697 | Closed | 2026-03-03 17:29 | 2026-03-09 16:23 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Received Notes and Final Closing Disclosures for REO's reflecting first payment due date of XX/XX/XXXX, finding resolved. - Due Diligence Vendor-03/09/2026 Ready for Review-03/09/26 - XX: Please see attached. - Due Diligence Vendor-03/09/2026 Open-1003 application indicates the following REO properties with a new mortgage with the lender. A copy of the Note and or final closing disclosure for REOs are missing, XXX-XXX XXXXXXX, XXX XXXXX, XXX XXX XX, XXX-XXXX XXXXX, XXX-XXX XXXXXXXXX, XXX XXXXXXXX . - Due Diligence Vendor-03/03/2026 |
Resolved-Received Notes and Final Closing Disclosures for REO's reflecting first payment due date of XXXX, finding resolved. - Due Diligence Vendor-03/09/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf XXXXXXX_4.pdf XXXXXXX_5.pdf XXXXXXX_6.pdf XXXXXXX_7.pdf XXXXXXX_8.pdf XXXXXXX_9.pdf XXXXXXX_10.pdf XXXXXXX_11.pdf XXXXXXX_12.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305051378 | Closed | 2026-03-03 12:49 | 2026-03-30 16:05 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Received copies of Notes and final Closing Disclosures for aforementioned REO's, finding resolved. - Due Diligence Vendor-03/30/2026 Ready for Review-03/30/26 - XX: Please see attached. - Due Diligence Vendor-03/30/2026 Counter-Received rejection note for REO 3j; however, documentation still missing for REO 3h, 3i, 3k, 3l, 3b, 3c, and 3d. Finding remains - Due Diligence Vendor-03/12/2026 Ready for Review-03/12/2026 - XX: Please see attached. Loan #XXXXXXXXXX for XXX and XXX XXX XXXXXX XX, XXXXXXXXXXX was rejected. A revised 1003 has been attached as well. - Due Diligence Vendor-03/12/2026 Open-1003 application indicates XXX with a new mortgage with the lender. A copy of the Note and or final closing disclosure is in the file for all new loans except the property listed on the URLA under 3j. Please provide note and CD for this property. - Due Diligence Vendor-03/03/2026 |
Resolved-Received copies of Notes and final Closing Disclosures for aforementioned REO's, finding resolved. - Due Diligence Vendor-03/30/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf XXXXXXX_4.pdf XXXXXXX_5.pdf XXXXXXX_6.pdf XXXXXXX_7.pdf XXXXXXX_8.pdf XXXXXXX_9.pdf XXXXXXX_10.pdf XXXXXXX_11.pdf XXXXXXX_12.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305038037 | Closed | 2026-02-18 05:10 | 2026-03-09 15:43 | Resolved | 1 - Information | Credit | Missing Doc | Missing Business Purpose Affidavit | Resolved-Received signed Business Purpose Affidavit, finding resolved. - Due Diligence Vendor-03/09/2026 Resolved-Business Purpose Affidavit provided - Due Diligence Vendor-03/09/2026 Ready for Review-XX 3/9 Please see attached - Due Diligence Vendor-03/09/2026 Counter-Business Purpose affidavit is not signed. Finding remains - Due Diligence Vendor-02/26/2026 Ready for Review-XX 2/23: Please see the attached // - Due Diligence Vendor-02/24/2026 Open-The loan file is missing the Business Purpose Affidavit as required by Lender guidelines. - Due Diligence Vendor-02/18/2026 |
Resolved-Received signed Business Purpose Affidavit, finding resolved. - Due Diligence Vendor-03/09/2026 Resolved-Business Purpose Affidavit provided - Due Diligence Vendor-03/09/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_1.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305038716 | Closed | 2026-02-27 08:10 | 2026-03-06 14:05 | Resolved | 1 - Information | Property | Appraisal | Subject property appraisal is not on an as-is basis (Primary Value) | Resolved-Received foundation inspection report which concluded no recommendation of any foundation work or repairs and that the home appears to be structurally sound and the foundation is performing as intended. Finding resolved - Due Diligence Vendor-03/06/2026 Ready for Review-03/06 XX: An inspection report was provided following the appraiser's recommendation. The inspection, conducted by XXXXXXXXXXX XXXXX, XXX, concluded with the statement: 'I am not recommending any foundation work or repairs at this time. The home appears to be structurally sound and the foundation is performing as intended.' A 1004D form is not required; an inspection report will suffice, as both the inspector and the appraiser have indicated that there are no issues needing repair. - Due Diligence Vendor-03/06/2026 Open-Primary Value Subject Property Appraisal is not on an As-Is Basis . Appraisal was completed subject to inspection from a qualified contractor. Inspection provided. An updated Appraisal and or 1004 D is missing. - Due Diligence Vendor-03/03/2026 |
Resolved-Received foundation inspection report which concluded no recommendation of any foundation work or repairs and that the home appears to be structurally sound and the foundation is performing as intended. Finding resolved - Due Diligence Vendor-03/06/2026 | XXXXXXX_1.pdf | XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305051371 | Closed | 2026-02-25 11:34 | 2026-03-06 12:24 | Resolved | 1 - Information | Credit | Missing Doc | Flood Insurance Policy Missing | Resolved-Flood insurance received, finding resolved. - Due Diligence Vendor-03/06/2026 Resolved-Flood Insurance Policy is fully present - Due Diligence Vendor-03/06/2026 Ready for Review-3/5 XX: Since this property is a condo. There is a master flood insurance policy in the file. - Due Diligence Vendor-03/05/2026 Open-Missing Flood Insurance Policy - Due Diligence Vendor-02/25/2026 |
Resolved-Flood insurance received, finding resolved. - Due Diligence Vendor-03/06/2026 Resolved-Flood Insurance Policy is fully present - Due Diligence Vendor-03/06/2026 |
XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305042045 | Closed | 2026-03-06 13:41 | 2026-03-11 12:49 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 2 | Resolved-Received copies of Final Closing Disclosures showing no payments due until XX/XX/XXXX, finding resolved. - Due Diligence Vendor-03/11/2026 Ready for Review-03/11 XX: Please see the attachment for the final CD for both REOs. - Due Diligence Vendor-03/11/2026 Open-1003 application indicates the following REO properties with a new mortgage with the lender. A copy of the Note and or final closing disclosure for REOs are missing, XXXX XXXXXXX XXX and XXXX XXXXX XXXXX. - Due Diligence Vendor-03/06/2026 |
Resolved-Received copies of Final Closing Disclosures showing no payments due until XX/XX/XXXX, finding resolved. - Due Diligence Vendor-03/11/2026 | XXXXXXX_1.pdf | XX | Investment | Refinance | Rate and Term | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305042045 | Closed | 2026-03-06 13:44 | 2026-03-11 12:46 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 3 | Resolved-Received Final Closing Disclosure reflecting borrower as owner, finding resolved. - Due Diligence Vendor-03/11/2026 Ready for Review-03/11 XX: Please see the attachment showing the ownership - Due Diligence Vendor-03/11/2026 Open-Missing verification of borrower's ownership of REO XXXX XXXXXXX (XXX XXX) - Due Diligence Vendor-03/06/2026 |
Resolved-Received Final Closing Disclosure reflecting borrower as owner, finding resolved. - Due Diligence Vendor-03/11/2026 | XXXXXXX_1.pdf | XX | Investment | Refinance | Rate and Term | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305042045 | Closed | 2026-03-06 13:41 | 2026-03-11 12:42 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Received corrected application, copy of lease and 12-month payment history for the primary residence, finding resolved. - Due Diligence Vendor-03/11/2026 Ready for Review-03/11 XX: The borrower's current primary residence is XXXX XXXXXXXXXX XX, as confirmed by the lease agreement and the payments made to the landlord. Please refer to the attached document for evidence of the borrower's 12-month payment history. It should be noted that the closing disclosure initially generated by XXX contained an incorrect address for the primary residence, which has now been corrected. - Due Diligence Vendor-03/11/2026 Open-1003 application indicates the subject property as the borrower’s primary residence. Appraisal indicates the property is vacant, missing evidence of borrower’s primary residence as well as a 12 month housing history - Due Diligence Vendor-03/06/2026 |
Resolved-Received corrected application, copy of lease and 12-month payment history for the primary residence, finding resolved. - Due Diligence Vendor-03/11/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Refinance | Rate and Term | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305042043 | Closed | 2026-03-05 16:07 | 2026-03-10 17:40 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Borrower's primary residence is the property on XXXXXXXXXX, received updated application, copy of lease agreement and copies of cancelled checks for payment history on primary residence. Finding resolved - Due Diligence Vendor-03/10/2026 Ready for Review-03/10/26 - XX: Please see the attached revised 1003 and documentation supporting the borrower's rental payment history for XXXX XXXXXXXXXX XX - Due Diligence Vendor-03/10/2026 Open-1003 application indicates the subject property as the borrower’s primary residence. Appraisal indicates the property is vacant, missing evidence of borrower’s primary residence as well as a 12-month housing history. - Due Diligence Vendor-03/05/2026 |
Resolved-Borrower's primary residence is the property on XXXX, received updated application, copy of lease agreement and copies of cancelled checks for payment history on primary residence. Finding resolved - Due Diligence Vendor-03/10/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf XXXXXXX_4.pdf |
XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305042043 | Closed | 2026-03-05 16:08 | 2026-03-10 17:35 | Resolved | 1 - Information | Credit | Missing Doc | Missing VOM or VOR | Resolved-12-month housing payment history for primary residence received, finding resolved. - Due Diligence Vendor-03/10/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - Due Diligence Vendor-03/10/2026 Ready for Review-03/10/26 - XX: Please see attached. - Due Diligence Vendor-03/10/2026 Open-Missing a 12-month housing history for borrower's primary residence. - Due Diligence Vendor-03/05/2026 |
Resolved-12-month housing payment history for primary residence received, finding resolved. - Due Diligence Vendor-03/10/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not Missing - Due Diligence Vendor-03/10/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305042043 | Closed | 2026-03-05 16:55 | 2026-03-10 17:19 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 2 | Resolved-Received copies of Notes and Closing Disclosures for properties on XXXXXX and XXXXX, finding received. - Due Diligence Vendor-03/10/2026 Ready for Review-03/10/26 - XX: Please see attached. - Due Diligence Vendor-03/10/2026 Open-1003 application indicates the following REO properties with a new mortgage with the lender. A copy of the Note and or final closing disclosure for REOs are missing, XXXX XXXXXX XXX and XXXX XXXXX XXXXX. - Due Diligence Vendor-03/05/2026 |
Resolved-Received copies of Notes and Closing Disclosures for properties on XXXX, finding received. - Due Diligence Vendor-03/10/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf XXXXXXX_4.pdf |
XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305059708 | Closed | 2026-03-16 15:22 | 2026-03-29 14:10 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Received documentation that the property on XXX XXXXXX XXXXX is not owned by the borrower, finding resolved. - Due Diligence Vendor-03/29/2026 Ready for Review-03/27/2026 - XX: Please see attached. The loan for the purchase of XXXX XXX XXXXXX XXXXX, XXXXXXX XXXX, XX XXXXX was never submitted to underwriting, and the property detail report confirms the property had not been purchased by the borrower. - Due Diligence Vendor-03/27/2026 Counter-The property located on XXX XXXXXX is not shown on the loan application but was identified on other documents in the loan file. Finding remains - Due Diligence Vendor-03/23/2026 Ready for Review-03/23/26 - XX: Please provide additional clarification. The borrower's loan application does not reflect ownership of any properties with a street name of XXX XXXXXX XXXXX. - Due Diligence Vendor-03/23/2026 Open-Missing final closing disclosure or Note for recent purchase with the current lender for property located on XXX XXXXXX XXXXX. - Due Diligence Vendor-03/18/2026 |
Resolved-Received documentation that the property on XXX XXXXXXX XXXXX is not owned by the borrower, finding resolved. - Due Diligence Vendor-03/29/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305053696 | Closed | 2026-03-03 08:45 | 2026-03-12 17:39 | Resolved | 1 - Information | Credit | Eligibility | Ineligible Borrower (Borrower 2) | Resolved-Documentation confirming B2 is not a first-time homebuyer received, finding resolved. - Due Diligence Vendor-03/12/2026 Ready for Review-3/12 XX: Please see attached third party report that confirms that Borrower 2 (XXXXX) was an owner on title in the last 5 years prior to the transfer to XXX XXXXXXXXXX Due Diligence Vendor-03/12/2026 Open-Borrower 2 is a first-time homebuyer, which is ineligible. - Due Diligence Vendor-03/03/2026 |
Resolved-Documentation confirming B2 is not a first-time homebuyer received, finding resolved. - Due Diligence Vendor-03/12/2026 | XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305053696 | Closed | 2026-03-03 08:42 | 2026-03-11 13:55 | Acknowledged | 2 - Non-Material | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Acknowledged-Given this is a business-purpose loan and the borrower is 100% owner of the business, we are okay downgrading the asset condition. Client Acknowledges and downgrades - Due Diligence Vendor-03/11/2026 Counter-Reviewed Lender's rebuttal regarding the use of business assets for reserves. The Asset Eligibility Notes, Section 11, indicate business assets cannot be used as reserves. Finding remains - Due Diligence Vendor-03/06/2026 Ready for Review-03/06 XX: According to the established guidelines with XX and XXX, we are permitted to utilize business assets to meet the required reserves. - Due Diligence Vendor-03/06/2026 Open-Total Qualified Assets for Reserves Post-Close of $0 is less than Total Required Reserve Amount of $XXXX.XX Lender overlays don't allow for business assets to be used for reserves. The only assets in the file are business assets. - Due Diligence Vendor-03/03/2026 |
Acknowledged-Given this is a business-purpose loan and the borrower is 100% owner of the business, we are okay downgrading the asset condition. Client Acknowledges and downgrades - Due Diligence Vendor-03/11/2026 | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305053696 | Closed | 2026-03-03 08:43 | 2026-03-11 13:52 | Acknowledged | 2 - Non-Material | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Acknowledged-Given this is a business-purpose loan and the borrower is 100% owner of the business, we are okay downgrading the asset condition. Client Acknowledges and downgrades - Due Diligence Vendor-03/11/2026 Counter-Reviewed Lender's rebuttal regarding the use of business assets for reserves. The Asset Eligibility Notes, Section 11, indicate business assets cannot be used as reserves. Finding remains - Due Diligence Vendor-03/06/2026 Ready for Review-03/06 XX: According to the established guidelines with XXX and XXX, we are permitted to utilize business assets to meet the required reserves. - Due Diligence Vendor-03/06/2026 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) Lender overlays don't allow for business assets to be used for reserves. The only assets in the file are business assets. - Due Diligence Vendor-03/03/2026 |
Acknowledged-Given this is a business-purpose loan and the borrower is 100% owner of the business, we are okay downgrading the asset condition. Client Acknowledges and downgrades - Due Diligence Vendor-03/11/2026 | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305054682 | Closed | 2026-03-04 12:18 | 2026-03-30 16:37 | Resolved | 1 - Information | Credit | Eligibility | Trust/POA Does Not Meet Guideline Requirements | Resolved-Received evidence the limited POA was recorded along with the Mortgage, finding resolved. - Due Diligence Vendor-03/30/2026 Resolved-Trust/POA Meets Guideline Requirements - Due Diligence Vendor-03/30/2026 Ready for Review-XX 3/30 Please see attached. - Due Diligence Vendor-03/30/2026 Open-Trust/POA Does Not Meet Guideline Requirements. A limited Power of Attorney (POA) was utilized. According to the lender guidelines the POA is acceptable when the following requirements are met, POA is recorded with the mortgage. Missing evidence the POA was recorded with the mortgage. - Due Diligence Vendor-03/04/2026 |
Resolved-Received evidence the limited POA was recorded along with the Mortgage, finding resolved. - Due Diligence Vendor-03/30/2026 Resolved-Trust/POA Meets Guideline Requirements - Due Diligence Vendor-03/30/2026 |
XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305054682 | Closed | 2026-03-04 12:46 | 2026-03-04 12:56 | Waived | 2 - Non-Material | Property | Property | Ineligible Property | Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Condominiums less than 600 square feet are not allowed. The subject property is a 599 sq ft condo. A lender exception is present in the loan file, dated after consummation, providing adequate comp factors. - Due Diligence Vendor-03/04/2026 |
Waived-Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Condominiums less than 600 square feet are not allowed. The subject property is a 599 sq ft condo. A lender exception is present in the loan file, dated after consummation, providing adequate comp factors. - Due Diligence Vendor-03/04/2026 |
Compensating factors: 792 FICO, additional 10 months reserves. | XX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | |||
| XXXXX | XXXXX | XXXXX | 305063739 | Closed | 2026-03-18 17:29 | 2026-03-18 17:31 | Waived | 2 - Non-Material | Credit | Eligibility | Ineligible Property Type | Waived-Property type is ineligible due to Property is zoned mixed use. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-03/18/2026 |
Waived-Property type is ineligible due to Property is zoned mixed use. Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. Finding is non-material, and loan will be graded a B. - Due Diligence Vendor-03/18/2026 |
LTV 75% DSCR 1.25 FICO 682 Reserves $XXX,XXX.XX (3 mon = $XXXX.XX + $XXX,XXX.XX surplus) |
XX | Investment | Purchase | NA | XXXX | Originator Pre-Close | Yes | |||
| XXXXX | XXXXX | XXXXX | 305056849 | Closed | 2026-03-18 06:46 | 2026-03-23 15:38 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-12 month payment history received for REO 3d, finding resolved. - Due Diligence Vendor-03/23/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/23/2026 Ready for Review-03/23/26 - XX: Please see attached. The refinance of XXXX X XXXXXXXXX via loan #XXXXXXXXXX was rejected due to the property being mixed use and ineligible. Please see the attached mortgage payment history for the XXX XXXXXXXX xXXXX. - Due Diligence Vendor-03/23/2026 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Housing History Does Not Meet Guideline Requirements copy of the Note and/or Final Closing Disclosure was not provided for the recent refinance of the borrower's other real estate-owned property. REO#3d, XXXX X XXXXXXXXX XX. - Due Diligence Vendor-03/18/2026 |
Resolved-12 month payment history received for REO 3d, finding resolved. - Due Diligence Vendor-03/23/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/23/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf XXXXXXX_4.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305054929 | Closed | 2026-03-04 08:10 | 2026-03-17 10:03 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-The loan file contains a copy of the Note and corresponding bank statements reflecting payment history, finding resolved. - Due Diligence Vendor-03/17/2026 Ready for Review-3/16 XX: There was a settlement statement in the file from XX/XXXX for the property XXXXX XXXXXXXXXXX XXXX however the buyer is a XXX. The borrower did disclose that a NEW XXX XXX would be opened for this home but it was not finalized. Please see attached document from XXX that shows it was rejected. - Due Diligence Vendor-03/16/2026 Open-1003 application reveals a recently opened mortgage on REO located at XXXXX XXXXXXXXXX XX. Although a copy of the Settlement Statement was provided, it does not disclose either an account number, or a monthly payment, to match to the monthly payments documented on XXXX XXXXXXX XXXXXX XXXXX, neither of which coincide with the payment disclosed on the 1003 application for the new mortgage with XXX. An acceptable payment history is therefore considered to be missing. - Due Diligence Vendor-03/04/2026 |
Resolved-The loan file contains a copy of the Note and corresponding bank statements reflecting payment history, finding resolved. - Due Diligence Vendor-03/17/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305046014 | Closed | 2026-03-13 13:47 | 2026-03-20 10:57 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Received copy of Note and final Closing Disclosure for REO on XXXX, finding resolved - Due Diligence Vendor-03/20/2026 Ready for Review-03/20/26 - XX: Please see attached. - Due Diligence Vendor-03/20/2026 Open-1003 application discloses an additional REO property located at XXXX XXXXXXXX XXXXX that was financed by new mortgage with the lender. Copy of the Note, Final Closing Disclosure, or Mortgage Payment History for this additional Real Estate Owned is missing. - Due Diligence Vendor-03/13/2026 |
Resolved-Received copy of Note and final Closing Disclosure for REO on XXXX, finding resolved - Due Diligence Vendor-03/20/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305047091 | Closed | 2026-03-11 14:05 | 2026-03-17 08:35 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/17/2026 Resolved-Copy of Note received for REO 3c, finding resolved. - Due Diligence Vendor-03/17/2026 Ready for Review-3/16 XXX: Please see attached note for property XX XXXX XXXX XXX XXXXXX XXX, XXXXXXXX XXXXX - Due Diligence Vendor-03/16/2026 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing copy of Note for new loan for REO 3c reflecting no payments currently due. - Due Diligence Vendor-03/11/2026 |
Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/17/2026 Resolved-Copy of Note received for REO 3c, finding resolved. - Due Diligence Vendor-03/17/2026 |
XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305047089 | Closed | 2026-03-05 19:23 | 2026-03-12 10:17 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Received copy of Note and final Closing Disclosure for REO 3c, finding resolved. - Due Diligence Vendor-03/12/2026 Ready for Review-03/11/26 - XX: Please see attached. - Due Diligence Vendor-03/11/2026 Open-1003 application indicates the following REO property with a new mortgage with the lender. A copy of the Note and or final closing disclosure for the REO XX XXXXX XXXXX XXX. is missing. - Due Diligence Vendor-03/06/2026 |
Resolved-Received copy of Note and final Closing Disclosure for REO 3c, finding resolved. - Due Diligence Vendor-03/12/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305054990 | Closed | 2026-03-02 13:21 | 2026-03-11 13:20 | Resolved | 1 - Information | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received payment history from XX/XXXX - XX/XXXX for subject along with copy of Note for REO 3h showing no payment until XX/XX/XXXX, finding resolved. - Due Diligence Vendor-03/11/2026 Ready for Review-3/11 XX: Please see attached payment history for the REO XXXX XX XXXX XXX - Due Diligence Vendor-03/11/2026 Counter-Reviewed lender's rebuttal regarding payment history for the subject property. The payment history for the subject property from XX/XXXX - XX/XXXX is still missing. Received copy of Note for REO XX. Finding remains - Due Diligence Vendor-03/06/2026 Ready for Review-3/5 XX: Please see the attached note for the property that is under XX XXXX XX XXXX XXX that shows the mtg just closed on XX/XX/XXXX making the 1st payment XX/XX/XXXX. For the property reporting on XX XXXX XXXXXXXXX XXXX XXXXXX XXXXX, XXXXXXX XXXXX Please see attached note showing it closed on XX/XXXX making the first payment XX/XXXX. There would not be a 12 month history to provide. - Due Diligence Vendor-03/05/2026 Open-Housing History Does Not Meet Guideline Requirements Guidelines require a 12-month payment history (or since origination, whichever is less) for all mortgages (including subordinate liens). The following REO listed on the final loan application did not contain a housing history: subject property REO listed on 3a, and REO listed on 3h. If the REO properties listed did not require a mortgage payment; then, provide a copy of the note reflecting that no payments are required. - Due Diligence Vendor-03/02/2026 |
Resolved-Received payment history from XX/XXXX - XX/XXXX for subject along with copy of Note for REO 3h showing no payment until XX/XX/XXXX, finding resolved. - Due Diligence Vendor-03/11/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305054990 | Closed | 2026-02-24 18:00 | 2026-03-06 10:26 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Received copy of Note for REO 3h showing first payment due date of XX/XX/XXXX, finding resolved. - Due Diligence Vendor-03/06/2026 Ready for Review-3/5 XX: Please see attached note - Due Diligence Vendor-03/05/2026 Open-1003 application indicates REO property #3h with a new mortgage with the subject lender. A copy of the Note and or final closing disclosure for REO property #3h with new mortgage as reflected on the 1003 application is missing. - Due Diligence Vendor-02/25/2026 |
Resolved-Received copy of Note for REO 3h showing first payment due date of XX/XX/XXXX, finding resolved. - Due Diligence Vendor-03/06/2026 | XXXXXXX_1.pdf | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305047520 | Closed | 2026-02-28 15:44 | 2026-03-09 16:39 | Resolved | 1 - Information | Credit | Missing Doc | Flood Certificate Partially Provided | Resolved-The Flood Cert does not contain a Map Number or Community-Panel Number. Loan meets guidelines, finding resolved. - Due Diligence Vendor-03/09/2026 Resolved-Flood Certificate is fully present - Due Diligence Vendor-03/09/2026 Ready for Review-03/09/2026 - XX: The NFIP Map Panel Effective/Revision section is blank due to there being no NFIP Map Number, which is reflected in boxes #1 and #5. The provided flood cert is complete. - Due Diligence Vendor-03/09/2026 Open-Flood Certificate is Partially Provided NFIP Map Panel Effective/Revised Date is missing in Flood certificate. - Due Diligence Vendor-02/28/2026 |
Resolved-The Flood Cert does not contain a Map Number or Community-Panel Number. Loan meets guidelines, finding resolved. - Due Diligence Vendor-03/09/2026 Resolved-Flood Certificate is fully present - Due Diligence Vendor-03/09/2026 |
XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 305047520 | Closed | 2026-03-03 18:42 | 2026-03-09 16:35 | Resolved | 1 - Information | Credit | Missing Doc | Missing Operating Agreement | Resolved-Received evidence of borrower's ownership in borrowing entity, finding resolved. - Due Diligence Vendor-03/09/2026 Ready for Review-03/09/26 - XX: Please see the attached corporate resolution for XXXX XXXXXXXX, XXX. - Due Diligence Vendor-03/09/2026 Open-The loan file is missing an operating agreement or other documentation to verify ownership. Missing Operating Agreement for business (XXXX XXXXXXXX). - Due Diligence Vendor-03/04/2026 |
Resolved-Received evidence of borrower's ownership in borrowing entity, finding resolved. - Due Diligence Vendor-03/09/2026 | XXXXXXX_1.pdf | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305047864 | Closed | 2026-03-13 06:59 | 2026-03-19 09:00 | Resolved | 1 - Information | Credit | Missing Doc | Missing Borrowing Entity of Evidence of Good Standing | Resolved-Evidence of Good Standing provided - Due Diligence Vendor-03/19/2026 Ready for Review-3/18 XX: Please see attached document - Due Diligence Vendor-03/18/2026 Open-Missing Evidence of Good Standing. - Due Diligence Vendor-03/13/2026 |
Resolved-Evidence of Good Standing provided - Due Diligence Vendor-03/19/2026 | XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305056845 | Closed | 2026-03-13 10:18 | 2026-03-24 13:39 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Received rent-free letter and evidence the primary residence is not owned by the borrower, finding resolved. - Due Diligence Vendor-03/24/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/24/2026 Ready for Review-3/24 XX: Please see attached LOX from borrower confirming that he lives with his XXXX and does not pay on her mortgage or paying monthly payment. I have also attached the mtg note to the current primary to show our borrower is not obligated. - Due Diligence Vendor-03/24/2026 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Borrower staying in No primary Housing expenses, LOE was not provided. - Due Diligence Vendor-03/13/2026 |
Resolved-Received rent-free letter and evidence the primary residence is not owned by the borrower, finding resolved. - Due Diligence Vendor-03/24/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/24/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305055828 | Closed | 2026-03-20 11:42 | 2026-03-25 17:20 | Resolved | 1 - Information | Credit | Assets | Asset 3 Does Not Meet Guideline Requirements | Resolved-Received documentation from the bank reflecting the borrower as an active user of the account, finding resolved. - Due Diligence Vendor-03/25/2026 Resolved-Asset Record 3 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-03/25/2026 Ready for Review-03/25/26 - XX: Please see attached. The borrower is listed as an authorized and active manager of the XXXX business account ending xXXXX. - Due Diligence Vendor-03/25/2026 Open-Asset Record 3 Does Not Meet G/L Requirements Missing access letter from non-borrowing owners for business account #XXXX. - Due Diligence Vendor-03/20/2026 |
Resolved-Received documentation from the bank reflecting the borrower as an active user of the account, finding resolved. - Due Diligence Vendor-03/25/2026 Resolved-Asset Record 3 Meets G/L Requirements Or Not Applicable - Due Diligence Vendor-03/25/2026 |
XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305055828 | Closed | 2026-03-13 06:22 | 2026-03-25 17:05 | Resolved | 1 - Information | Property | Value | Missing Valuation Review Product - 1 | Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-03/25/2026 Ready for Review-03/25/2026 - XX: Please see the attached FHLMC SSRs reflecting an LCA risk score of 1. - Due Diligence Vendor-03/25/2026 Open-A valid secondary valuation supporting the origination appraisal value is not present. - Due Diligence Vendor-03/13/2026 |
Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-03/25/2026 | XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305051873 | Closed | 2026-03-15 10:52 | 2026-03-19 08:33 | Resolved | 1 - Information | Credit | Closing | Evidence of Good Standing age exceeds guidelines | Resolved-Updated evidence of good standing received, finding resolved. - Due Diligence Vendor-03/19/2026 Resolved-Evidence of Good Standing in file is dated XX/XX/XXXX and note is dated XX/XX/XXXX. Document age of days is within guidelines. - Due Diligence Vendor-03/19/2026 Ready for Review-3/18 XX: Please see attached document - Due Diligence Vendor-03/18/2026 Open-Evidence of Good Standing in file is dated XX/XX/XXXX and note is dated XX/XX/XXXX. Document age of days exceeds guidelines. Evidence of Good Standing in file is dated XX/XX/XXXX and note is dated XX/XX/XXXX. Document age of XXXX days exceeds guidelines. - Due Diligence Vendor-03/15/2026 |
Resolved-Updated evidence of good standing received, finding resolved. - Due Diligence Vendor-03/19/2026 Resolved-Evidence of Good Standing in file is dated XX/XX/XXXX and note is dated XX/XX/XXXX. Document age of days is within guidelines. - Due Diligence Vendor-03/19/2026 |
XXXXXXX_1.pdf | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305057542 | Closed | 2026-03-03 18:33 | 2026-03-11 09:09 | Resolved | 1 - Information | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Sufficient documentation provided for REO properties on XXXXXXXX and XXXX XXXXXX, finding resolved. - Due Diligence Vendor-03/11/2026 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-03/11/2026 Ready for Review-03/09 XX: Please see attachment for XXXXXXXX XXX showing this loan was rejected. - Due Diligence Vendor-03/11/2026 Open-Housing History Does Not Meet Guideline Requirements XXXX Ave Refinance: Please provide the Note and/or Final Closing Disclosure from the recent refinance. XXXX XXXXXX XXXXXXXX: We need a copy of the Note for the private lien held by XXXX XXXXXXX. This is required to verify that no monthly payments were due prior to it being paid off during the most recent refinance. - Due Diligence Vendor-03/04/2026 |
Resolved-Sufficient documentation provided for REO properties on XXXXXXXX and XXXX XXXXXX, finding resolved. - Due Diligence Vendor-03/11/2026 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-03/11/2026 |
XXXXXXX_1.pdf | XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305054926 | Closed | 2026-03-12 11:47 | 2026-03-18 09:33 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Received copies of Notes for REO 3b and 3c showing first payment due date of XX/XX/XXXX. Finding resolved - Due Diligence Vendor-03/18/2026 Ready for Review-3/17 XX: Please see attached notes for the properties identified as 3d & 3c - Due Diligence Vendor-03/17/2026 Open-1003 application discloses 2 additional REO properties, identified as #3b and #3c, financed by new mortgages with the lender. Copies of the Notes, Final Closing Disclosures, or Mortgage Payment Histories for these additional Real Estate Owned are missing. - Due Diligence Vendor-03/12/2026 |
Resolved-Received copies of Notes for REO 3b and 3c showing first payment due date of XX/XX/XXXX. Finding resolved - Due Diligence Vendor-03/18/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305062330 | Closed | 2026-03-19 14:39 | 2026-04-01 10:11 | Acknowledged | 2 - Non-Material | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Acknowledged-MM: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 804, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades finding - Due Diligence Vendor-04/01/2026 Counter-Reviewed Lender's rebuttal regarding an approved exception request; however, no approved exception form was uploaded. Please upload approved exception. - Due Diligence Vendor-03/24/2026 Ready for Review-3/24 XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 804, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. - Due Diligence Vendor-03/24/2026 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) Audited Reserves of 0 months are less than Guideline Required Reserves of 3 months. Guideline overlays do not allow the use of business funds for reserves. - Due Diligence Vendor-03/19/2026 |
Acknowledged-XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 804, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades finding - Due Diligence Vendor-04/01/2026 |
XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 804, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305062330 | Closed | 2026-03-19 14:37 | 2026-04-01 10:10 | Acknowledged | 2 - Non-Material | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Acknowledged-XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 804, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades finding - Due Diligence Vendor-04/01/2026 Counter-Reviewed Lender's rebuttal regarding an approved exception request; however, no approved exception form was uploaded. Please upload approved exception. - Due Diligence Vendor-03/24/2026 Ready for Review-3/24 XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 804, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. - Due Diligence Vendor-03/24/2026 Open-Total Qualified Assets for Reserves Post-Close of $0 is less than Total Required Reserve Amount of $XXXX.XX Guideline overlays do not allow the use of business funds for reserves. - Due Diligence Vendor-03/19/2026 |
Acknowledged-XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 804, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades finding - Due Diligence Vendor-04/01/2026 |
XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 804, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305061013 | Closed | 2026-03-04 06:12 | 2026-03-09 17:14 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Received evidence of XXXXXXXX and XXXX rent payments along with a DataTree report that does not show any open liens for property on XXXX, finding resolved. - Due Diligence Vendor-03/09/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/09/2026 Ready for Review-03/09 XX: Please see attach document showing the rent amount and the non-ownership. - Due Diligence Vendor-03/09/2026 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. 12 Months of mortgage history missing for Borrower Primary Residence. The loan file contains 10 months bank statements verifying rent payments for XX/XXXX - XX/XXXX and XX/XXXX - XX/XXXX and contained a LOE from Landlord and Borrower indicating XXXXXXXX and XXXX payments had rent adjustments due to maintenance. Missing XXXXXXXX and XXXX bank statements to verify rent payments for those 2 months verifying a 12-month rental history and supporting the LOE for rent adjustments. In addition, verification of mortgage on property XXXX XXXXXX XXX or verification the property is owned free and clear was not found in file. - Due Diligence Vendor-03/04/2026 |
Resolved-Received evidence of XXXXXXXX and XXXX rent payments along with a XXXXXX report that does not show any open liens for property on XXXXXX, finding resolved. - Due Diligence Vendor-03/09/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/09/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305060668 | Closed | 2026-03-05 03:09 | 2026-04-01 10:19 | Acknowledged | 2 - Non-Material | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Acknowledged-XX: The greed upon guidelines does not list business assets as an ineligible source of funds for reserves. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades findings - Due Diligence Vendor-04/01/2026 Counter-Section 11 (Asset Eligibility Notes) of client overlays document states business assets cannot be used as reserves. Finding remains - Due Diligence Vendor-03/12/2026 Ready for Review-03/12/26 - XX: The agreed upon guidelines between XXX and XXX does not list business assets as an unacceptable source of funds for reserves. - Due Diligence Vendor-03/12/2026 Open-Audited Reserves of 0.07 month(s) are less than Guideline Required Reserves of 3 month(s) . Lender overlays don't allow for business assets to be used for reserves. - Due Diligence Vendor-03/09/2026 |
Acknowledged-XX: The greed upon guidelines does not list business assets as an ineligible source of funds for reserves. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades findings - Due Diligence Vendor-04/01/2026 |
XX: The greed upon guidelines does not list business assets as an ineligible source of funds for reserves. | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305060668 | Closed | 2026-03-05 03:03 | 2026-04-01 10:19 | Acknowledged | 2 - Non-Material | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Acknowledged-XX: The greed upon guidelines does not list business assets as an ineligible source of funds for reserves. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades findings - Due Diligence Vendor-04/01/2026 Counter-Section 11 (Asset Eligibility Notes) of client overlays document states business assets cannot be used as reserves. Finding remains - Due Diligence Vendor-03/12/2026 Ready for Review-03/12/26 - XX: The agreed upon guidelines between XXX and XXX does not list business assets as an unacceptable source of funds for reserves. - Due Diligence Vendor-03/12/2026 Open-Total Qualified Assets for Reserves Post-Close of $XXX.X is less than Total Required Reserve Amount of $XXXX.X . Lender overlays don't allow for business assets to be used for reserves. - Due Diligence Vendor-03/09/2026 |
Acknowledged-XX: The greed upon guidelines does not list business assets as an ineligible source of funds for reserves. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades findings - Due Diligence Vendor-04/01/2026 |
XX: The greed upon guidelines does not list business assets as an ineligible source of funds for reserves. | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305042048 | Closed | 2026-03-22 09:44 | 2026-04-23 13:28 | Resolved | 1 - Information | Property | Value | Missing Valuation Review Product - 1 | Resolved-A second full appraisal was received, finding resolved. - Due Diligence Vendor-03/25/2026 Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-03/25/2026 Ready for Review-03/25/26 - XX: A second full appraisal dated XX/XX/XXXX was obtained as a secondary valuation. Please see attached. - Due Diligence Vendor-03/25/2026 Open-A valid secondary valuation supporting the origination appraisal value is not present. - Due Diligence Vendor-03/22/2026 |
Resolved-A second full appraisal was received, finding resolved. - Due Diligence Vendor-03/25/2026 Resolved-A valid secondary valuation supporting the origination appraisal value was provided. - Due Diligence Vendor-03/25/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305042048 | Closed | 2026-03-25 16:25 | 2026-04-23 13:28 | Resolved | 1 - Information | Property | Appraisal | The appraiser was not licensed (Primary Value) | Resolved-Primary Value appraiser's license was effective prior to the Valuation Date and expired after the Valuation Date Or Primary Valuation Is Not Selected Or Appraiser License Dates Are Not Provided - Due Diligence Vendor-03/25/2026 Open-Primary Value appraiser's license was not effective prior to the Valuation Date or expired prior to the Valuation Date - Due Diligence Vendor-03/25/2026 |
Resolved-Primary Value appraiser's license was effective prior to the Valuation Date and expired after the Valuation Date Or Primary Valuation Is Not Selected Or Appraiser License Dates Are Not Provided - Due Diligence Vendor-03/25/2026 | XX | Investment | Purchase | NA | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 305070041 | Closed | 2026-03-26 12:51 | 2026-03-31 11:12 | Resolved | 1 - Information | Credit | Missing Doc | HO6 Insurance Policy is Partial | Resolved-Received premium for HO-6 insurance, finding resolved. - Due Diligence Vendor-03/31/2026 Resolved-HO-6 Insurance Policy is fully present - Due Diligence Vendor-03/31/2026 Ready for Review-03/31 XX: Please find attached the previous insurance policy, which indicates a premium of $XXX.XX. We can use the policy number from this document to link it to the current insurance. - Due Diligence Vendor-03/31/2026 Open-HO-6 Insurance Policy Partially Provided Missing evidence of hazard insurance premium. - Due Diligence Vendor-03/26/2026 |
Resolved-Received premium for HO-6 insurance, finding resolved. - Due Diligence Vendor-03/31/2026 Resolved-HO-6 Insurance Policy is fully present - Due Diligence Vendor-03/31/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305056363 | Closed | 2026-03-17 15:01 | 2026-03-23 13:59 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Received copy of Note and final Closing Disclosure for lien #2 on REO 3h, finding resolved. - Due Diligence Vendor-03/23/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/23/2026 Ready for Review-3/20 XX: Please see attached note/CD for the REO XXX X XXXXXX XXX XXXXXXXXXX, XXXXXXXX XXXXX. - Due Diligence Vendor-03/20/2026 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Missing Note and final CD for lien #2 on REO 3h. - Due Diligence Vendor-03/17/2026 |
Resolved-Received copy of Note and final Closing Disclosure for lien #2 on REO 3h, finding resolved. - Due Diligence Vendor-03/23/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/23/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 304897449 | Closed | 2026-01-09 13:27 | 2026-01-12 11:22 | Acknowledged | 2 - Non-Material | Compliance | Missing Doc | ECOA: Most Recent Primary Appraisal Not Provided to Applicant | Acknowledged-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. ECOA: Most Recent Primary Appraisal Date of XX/XX/XXXX is after the Primary Appraisal Delivery Date of XX/XX/XXXX. - Due Diligence Vendor-01/09/2026 | Acknowledged-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. ECOA: Most Recent Primary Appraisal Date of XX/XX/XXXX is after the Primary Appraisal Delivery Date of XX/XX/XXXX. - Due Diligence Vendor-01/09/2026 | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 304874817 | Closed | 2026-01-25 16:54 | 2026-02-18 10:15 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 2 | Resolved-According to the lender the borrower does not own this property. The final 1003 application does not reflect the property. - Due Diligence Vendor-02/18/2026 Ready for Review-2/4 XX: This was not reflected on the final 1003, borrower does not own this property. - Due Diligence Vendor-02/04/2026 Counter-The full address is XXXX XXXXXX XXXX, XXXXXXXXX XX - reflected on the initial 1003 dated XX/XX/XXXXX as property 3c. - Due Diligence Vendor-01/30/2026 Ready for Review-1/29 XX: Please clarify full address of the REO in question, 1003 did not include any REOs on XXXXXX XX and we are unsure where this is coming from - Due Diligence Vendor-01/29/2026 Open-Missing evidence REO XXXXXXX XX is owned free and clear. - Due Diligence Vendor-01/25/2026 |
Resolved-According to the lender the borrower does not own this property. The final 1003 application does not reflect the property. - Due Diligence Vendor-02/18/2026 | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 304874817 | Closed | 2026-01-25 16:53 | 2026-01-30 14:29 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-The Closing Disclosures for all five recently closed loans have been provided, condition resolved. - Due Diligence Vendor-01/30/2026 Ready for Review-1/29 XX: See attached CDs - Due Diligence Vendor-01/29/2026 Open-1003 application indicates REO properties # 3c, 3d, 3e, 3f, and 3g with a new mortgage with the lender. A copy of the Note and or final closing disclosure for the REOS with new mortgages as reflected on the 1003 application is missing. - Due Diligence Vendor-01/25/2026 |
Resolved-The Closing Disclosures for all XXXX recently closed loans have been provided, condition resolved. - Due Diligence Vendor-01/30/2026 | XXXXXXX_1.pdf | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 304875241 | Closed | 2026-01-14 17:51 | 2026-01-26 20:22 | Resolved | 1 - Information | Credit | Missing Doc | Missing Payoff Statement for prior loan | Resolved-Payoff Statement for prior loan provided. - Due Diligence Vendor-01/27/2026 Ready for Review-1/23 XX: Please see attached document - Due Diligence Vendor-01/24/2026 Open-Missing payoff statement for prior loan. Payoff statement not found in file and is required - Due Diligence Vendor-01/14/2026 |
Resolved-Payoff Statement for prior loan provided. - Due Diligence Vendor-01/27/2026 | XXXXXXX_1.pdf | XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305027360 | Closed | 2026-01-29 15:49 | 2026-01-29 15:49 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-01/29/2026 | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-01/29/2026 | XX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305027514 | Closed | 2026-01-16 10:59 | 2026-01-25 15:26 | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements | Resolved-. - Due Diligence Vendor-01/25/2026 Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-01/25/2026 Open-ATR Risk - Monthly Debt Obligations taken into consideration do not meet requirements The AUS required proof that past due payment have been satisfied prior to or at closing. Missing proof that Liability #5 (XXXXXXX XXXX opened XX/XXXX ending in XXXXX) has been brought up to date. The credit supplement dated XX/XX/XXXX did not address this account. - Due Diligence Vendor-01/16/2026 |
Resolved-. - Due Diligence Vendor-01/25/2026 Resolved-ATR Risk - Monthly Debt Obligations taken into consideration meet requirements - Due Diligence Vendor-01/25/2026 |
XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 305027514 | Closed | 2026-01-15 09:23 | 2026-01-25 15:23 | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-Received updated credit report. Condition cleared. - Due Diligence Vendor-01/25/2026 Ready for Review-1/23 XX: Please see attached credit supplement that the XXXX loan has been closed and satisfied. - Due Diligence Vendor-01/24/2026 Open-The AUS required proof that past due payment have been satisfied prior to or at closing. Missing proof that Liability #5 (XXXXXXX XXXX opened XX/XXXX ending in XXXXX) has been brought up to date. The credit supplement dated XX/XX/XXXX did not address this account. - Due Diligence Vendor-01/15/2026 |
Resolved-Received updated credit report. Condition cleared. - Due Diligence Vendor-01/25/2026 | XXXXXXX_1.pdf | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 304898181 | Closed | 2025-12-19 08:24 | 2026-01-05 08:29 | Resolved | 1 - Information | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Updated title with coverage amount of $XXX,XXX received and cleared. - Due Diligence Vendor-01/05/2026 Resolved-Title Coverage Amount of $XXXXXX is equal to or greater than Total Amount of Subject Lien(s) $XXXXXX - Due Diligence Vendor-01/05/2026 Ready for Review-Title Policy - Due Diligence Vendor-01/02/2026 Open-Title Coverage Amount of $XXXXXX is Less than Total Amount of Subject Lien(s) of $XXXXXX.XX - Due Diligence Vendor-12/19/2025 |
Resolved-Updated title with coverage amount of $XXX,XXX received and cleared. - Due Diligence Vendor-01/05/2026 Resolved-Title Coverage Amount of $XXXXXX is equal to or greater than Total Amount of Subject Lien(s) $XXXXXX - Due Diligence Vendor-01/05/2026 |
XXXXXXX_1.pdf | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305013582 | Closed | 2026-01-06 12:15 | 2026-01-14 15:08 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-XXX additional REO on URLA verified with final CDs. Condition cleared. - Due Diligence Vendor-01/14/2026 Ready for Review-1/14 XX: CDs for all attached. No mortgage history is required because the first payment due dates were not due before the application date. - Due Diligence Vendor-01/14/2026 Open-Lender guidelines require a 12- month payment history for all mortgages. 1003 application reflect XXX REO properties #3c thru 3m and 3b, a 12-month payment history for these REO properties were not provided. - Due Diligence Vendor-01/06/2026 |
Resolved-12 additional REO on URLA verified with final CDs. Condition cleared. - Due Diligence Vendor-01/14/2026 | XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305042288 | Closed | 2026-02-12 08:51 | 2026-02-25 10:42 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Blanket verification of mortgage received, finding resolved. - Due Diligence Vendor-02/25/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-02/25/2026 Ready for Review-2/18 XXX: Please not that the XXXXXX XXXXXXX XXXXXXXX is a blanket mortgage that encompassed multiple properties that the borrower owned. Please see the attached VOMs to confirm that the blanket mortgage had 0 late payments in the last 12 months, along with the payoff statement for the portion that the subject transaction was paying off to confirm that the subject was included in the blanket. - Due Diligence Vendor-02/18/2026 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. VOM document is missing for subject property. - Due Diligence Vendor-02/12/2026 |
Resolved-Blanket verification of mortgage received, finding resolved. - Due Diligence Vendor-02/25/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-02/25/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305029169 | Closed | 2026-01-16 10:19 | 2026-01-27 16:58 | Resolved | 1 - Information | Credit | Missing Doc | Missing Resolution | Resolved-Corporate Resolution provided, condition cleared. - Due Diligence Vendor-01/27/2026 Ready for Review-1/27 XX: Please see attached document - Due Diligence Vendor-01/27/2026 Counter-Operating Agreement provided. However, a Corporate Resolution is still required. Per lender guidelines under the Limited Liability Companies (LLC) section, for multi-member entities (two or more owners) in which only one member is a borrower on the loan, a Corporate Resolution must be obtained. Therefore, the condition remains. - Due Diligence Vendor-01/27/2026 Ready for Review-1/23 XX: Please see attached operating agreement - Due Diligence Vendor-01/24/2026 Open-Missing Resolution. Audit was unable to locate a Corporate Resolution, which is required by lender guidelines for multi-member entities. - Due Diligence Vendor-01/16/2026 |
Resolved-Corporate Resolution provided, condition cleared. - Due Diligence Vendor-01/27/2026 | XXXXXXX_1.pdf XXXXXXX_1.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305029169 | Closed | 2026-01-12 13:31 | 2026-01-26 19:44 | Resolved | 1 - Information | Property | Appraisal | Subject property appraisal is not on an as-is basis (Primary Value) | Resolved-Per the appraisal under Physical Deficiencies or Adverse Conditions, the appraiser noted they are not a structural expert and observed moisture-related staining, recommending further evaluation by a qualified professional. A licensed professional has since provided confirmation that the basement is dry and free of mold. Although the confirmation letter is not on business letterhead, a printout of the company’s website was provided, and the final CD reflects a Home Inspection fee paid to the same company. Condition is cleared. - Due Diligence Vendor-01/27/2026 Resolved-Primary Value Subject Property Appraisal is completed on an As-Is Basis or Not Applicable - Due Diligence Vendor-01/27/2026 Ready for Review-1/23 XX: The appraisal value is sufficient. The appraisal was just marked subject to inspection. The property inspection report is approved. - Due Diligence Vendor-01/24/2026 Open-Primary Value Subject Property Appraisal is not on an As-Is Basis - Due Diligence Vendor-01/12/2026 |
Resolved-Per the appraisal under Physical Deficiencies or Adverse Conditions, the appraiser noted they are not a structural expert and observed moisture-related staining, recommending further evaluation by a qualified professional. A licensed professional has since provided confirmation that the basement is dry and free of mold. Although the confirmation letter is not on business letterhead, a printout of the company’s website was provided, and the final CD reflects a Home Inspection fee paid to the same company. Condition is cleared. - Due Diligence Vendor-01/27/2026 Resolved-Primary Value Subject Property Appraisal is completed on an As-Is Basis or Not Applicable - Due Diligence Vendor-01/27/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305024444 | Closed | 2026-01-15 20:17 | 2026-01-27 08:32 | Resolved | 1 - Information | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Satisfactory mortgage history provided, condition resolved. - Due Diligence Vendor-01/27/2026 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-01/27/2026 Ready for Review-1/26 XXX: Please note that all three mortgages for the REO properties listed were reflected on the credit supplement provided in the original loan file. Please see page 2 of attached documentation. - Due Diligence Vendor-01/26/2026 Open-Housing History Does Not Meet Guideline Requirements Verification of mortgage for the following REO properties are missing, XXX XXXXX XXXXX, XXXX XXXXXXX and XXXX XXXXXXXXX. - Due Diligence Vendor-01/16/2026 |
Resolved-Satisfactory mortgage history provided, condition resolved. - Due Diligence Vendor-01/27/2026 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-01/27/2026 |
XXXXXXX_1.pdf | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305024444 | Closed | 2026-01-15 20:31 | 2026-01-27 08:29 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Copies or the Notes and CDs provided for the properties requested, condition resolved. - Due Diligence Vendor-01/27/2026 Ready for Review-1/26 XXX: Please note that the final CD or Note (or both documents) were provided in the original loan file for these properties. Please see documentation reattached to confirm the XXX mortgages. - Due Diligence Vendor-01/26/2026 Open-1003 application indicates REO properties #3d, 3e, 3f and 3c (314 Park) with a new mortgage with the lender. A copy of the Note and or final closing disclosure for REO properties #3d, 3e, 3f, and 3c (XXX XXXX) with new mortgage as reflected on the 1003 application is missing. - Due Diligence Vendor-01/16/2026 |
Resolved-Copies or the Notes and CDs provided for the properties requested, condition resolved. - Due Diligence Vendor-01/27/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf XXXXXXX_4.pdf XXXXXXX_5.pdf XXXXXXX_6.pdf XXXXXXX_7.pdf |
XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305027173 | Closed | 2026-02-19 11:44 | 2026-02-22 16:25 | Resolved | 1 - Information | Compliance | TRID Tolerance | Insufficient Change of Circumstance (50001252) | Resolved-Received 12/19/2025 CD. Condition cleared. - Due Diligence Vendor-02/22/2026 Resolved-. - Due Diligence Vendor-02/22/2026 Resolved- - Due Diligence Vendor-02/22/2026 Ready for Review-XX 2/20 Please see attached redisclosure - Due Diligence Vendor-02/20/2026 Open-The amounts disclosed on the last Closing Disclosure for the following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the last Closing Disclosure and placed within the Cannot Increase Category: Inspection Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed, or the creditor provides an additional credit for the increase in Closing Costs above the legal limit. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4); 12 CFR 1026.19(f)(2)(v)). The loan file contains a change of circumstance, dated XX/XX/XXXX. The loan file did not contain a revised LE/CD dated within 3 days of the COC. No Cure. - Due Diligence Vendor-02/19/2026 Open- - Due Diligence Vendor-02/19/2026 Open- - Due Diligence Vendor-02/19/2026 |
Resolved-Received XX/XX/XXXX CD. Condition cleared. - Due Diligence Vendor-02/22/2026 Resolved-. - Due Diligence Vendor-02/22/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305027173 | Closed | 2026-02-19 11:44 | 2026-02-22 16:25 | Resolved | 1 - Information | Compliance | TRID Tolerance | Charges That Cannot Increase Test (50001251) | Resolved-Received 12/19/2025 CD. Condition cleared. - Due Diligence Vendor-02/22/2026 Resolved-. - Due Diligence Vendor-02/22/2026 Resolved- - Due Diligence Vendor-02/22/2026 Ready for Review-XX 2/20 Please see attached redisclosure - Due Diligence Vendor-02/20/2026 Open-The following fee(s) have either increased above the amount disclosed within each fee(s) baseline disclosure OR have been added to the Cannot Increase Category: Inspection Fee. Each fee within the Cannot Increase category cannot increase or be added unless a new disclosure is provided and there is a valid changed circumstance associated with the increased fee that is re-disclosed. (12 CFR 1026.19(e)(3); 12 CFR 1026.19(e)(4)). The loan file contains a COC dated XX/XX/XXXX for the addition of the Inspection Fee; however, the loan file is missing the initial or Revised Closing Disclosure that is associated with the COC. Compliance to be re-reviewed upin receipt of the required additional documentation. - Due Diligence Vendor-02/19/2026 Open- - Due Diligence Vendor-02/19/2026 Open- - Due Diligence Vendor-02/19/2026 |
Resolved-Received XX/XX/XXXX CD. Condition cleared. - Due Diligence Vendor-02/22/2026 Resolved-. - Due Diligence Vendor-02/22/2026 |
XX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 305027173 | Closed | 2026-02-06 10:05 | 2026-02-22 16:24 | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Closing Disclosure and Consummation Date | Resolved-Received XX/XX/XXXX CD. Condition cleared. - Due Diligence Vendor-02/22/2026 Resolved-. - Due Diligence Vendor-02/22/2026 Resolved- - Due Diligence Vendor-02/22/2026 Ready for Review-XX 2/20 Please see attached redisclosure - Due Diligence Vendor-02/20/2026 Open-The Initial Closing Disclosure Received Date of (XX/XX/XXXX) is not three business days before the consummation date of (XX/XX/XXXX). Three business days before the consummation date is (XX/XX/XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) The initial CD is missing from the loan file. Additional conditions may apply. No Cure. - Due Diligence Vendor-02/19/2026 Open- - Due Diligence Vendor-02/19/2026 Open- - Due Diligence Vendor-02/19/2026 Open- - Due Diligence Vendor-02/19/2026 Open- - Due Diligence Vendor-02/06/2026 Open- - Due Diligence Vendor-02/06/2026 |
Resolved-Received XX/XX/XXXX CD. Condition cleared. - Due Diligence Vendor-02/22/2026 Resolved-. - Due Diligence Vendor-02/22/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Primary Residence | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305056905 | Closed | 2026-02-25 19:42 | 2026-03-06 13:18 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Documentation regarding payment history for subject received, finding resolved. - Due Diligence Vendor-03/06/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/06/2026 Ready for Review-3/5 XXX: Please see that the subject mortgage is not a traditional mortgage, no payments were made between the time the property was acquired until the time the property was paid off. The original amount of $XXX,XXX from the original note is the same combined amount listed on the payoff ($XX,XXX and $XX,XXX). This is enough to show there is no required pay history. - Due Diligence Vendor-03/05/2026 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. VOM for Subject property is missing. - Due Diligence Vendor-02/26/2026 |
Resolved-Documentation regarding payment history for subject received, finding resolved. - Due Diligence Vendor-03/06/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/06/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305029230 | Closed | 2026-01-22 12:55 | 2026-02-18 10:49 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Twelve month pay histories provided was provided for REO properties 3a, 3b, 3c, 3d,and 3e, REO 3h is owned by XXX. - Due Diligence Vendor-02/18/2026 Ready for Review-02/04/26 - XX: Please see the attached pay histories for each property. The mortgage on XX XXXXX XX is held in the name of XXX XXXX XXX. The borrower is not personally obligated to any debts associated with this property. - Due Diligence Vendor-02/04/2026 Open-1003 application indicates REO properties 3a, 3b, 3c, 3d, 3e, 3h with a new mortgage with the lender. A copy of the Note and or final closing disclosure for REO properties 3a, 3b, 3c, 3d, 3e, 3h with new mortgage as reflected on the 1003 application is missing. - Due Diligence Vendor-01/22/2026 |
Resolved-Twelve month pay histories provided was provided for REO properties 3a, 3b, 3c, 3d,and 3e, REO 3h is owned by LLC. - Due Diligence Vendor-02/18/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf XXXXXXX_4.pdf XXXXXXX_5.pdf XXXXXXX_6.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305035589 | Closed | 2026-02-17 08:25 | 2026-02-17 08:25 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-02/17/2026 | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-02/17/2026 | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305057941 | Closed | 2026-03-23 10:26 | 2026-03-29 14:43 | Resolved | 1 - Information | Property | Appraisal | Subject property appraisal is not on an as-is basis (Primary Value) | Resolved-Received Lead-Based Paint inspection report indicating the flooring throughout the home was entirely covered with new vinyl flooring and carpet. The inspection also states no paint, paint chips or visible dust were observed and the flooring encapsulated any painted floors underneath. Finding resolved. - Due Diligence Vendor-03/29/2026 Ready for Review-3/27 XX: Please see attached property inspection report. A1004D is not required - Due Diligence Vendor-03/27/2026 Open-Primary Value Subject Property Appraisal is not on an As-Is Basis . A 1004D completion cert is missing. - Due Diligence Vendor-03/24/2026 |
Resolved-Received Lead-Based Paint inspection report indicating the flooring throughout the home was entirely covered with new vinyl flooring and carpet. The inspection also states no paint, paint chips or visible dust were observed and the flooring encapsulated any painted floors underneath. Finding resolved. - Due Diligence Vendor-03/29/2026 | XXXXXXX_1.pdf | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305057941 | Closed | 2026-03-20 10:07 | 2026-03-29 14:36 | Resolved | 1 - Information | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Loan file meets guideline requirements for delayed financing, finding resolved. - Due Diligence Vendor-03/29/2026 Resolved-Audited LTV of 80% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-03/29/2026 Ready for Review-3/27 XX: According to the IF pink guidance with delayed financing we can go up to 80% LTV as a cash out. - Due Diligence Vendor-03/27/2026 Open-Audited LTV of 80% exceeds Guideline LTV of 75% - Due Diligence Vendor-03/20/2026 |
Resolved-Loan file meets guideline requirements for delayed financing, finding resolved. - Due Diligence Vendor-03/29/2026 Resolved-Audited LTV of 80% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-03/29/2026 |
XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 305038776 | Closed | 2026-03-09 10:37 | 2026-04-01 10:21 | Acknowledged | 2 - Non-Material | Credit | Eligibility | Insufficient Reserves Number of Months (Client Overlay) | Acknowledged-XX: The greed upon guidelines does not list business assets as an ineligible source of funds for reserves. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades findings - Due Diligence Vendor-04/01/2026 Counter-Section 11 (Asset Eligibility Notes) of client overlays document states business assets cannot be used as reserves. Finding remains - Due Diligence Vendor-03/12/2026 Ready for Review-03/12/26 - XX: The agreed upon guidelines between XXX and XXX does not list business assets as an unacceptable source of funds for reserves. - Due Diligence Vendor-03/12/2026 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s). Business assets can't be used for reserves per client overlays. - Due Diligence Vendor-03/09/2026 |
Acknowledged-XX: The greed upon guidelines does not list business assets as an ineligible source of funds for reserves. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades findings - Due Diligence Vendor-04/01/2026 |
XX: The greed upon guidelines does not list business assets as an ineligible source of funds for reserves. | XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305038776 | Closed | 2026-03-09 10:36 | 2026-04-01 10:21 | Acknowledged | 2 - Non-Material | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Acknowledged-XX: The greed upon guidelines does not list business assets as an ineligible source of funds for reserves. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades findings - Due Diligence Vendor-04/01/2026 Counter-Section 11 (Asset Eligibility Notes) of client overlays document states business assets cannot be used as reserves. Finding remains - Due Diligence Vendor-03/12/2026 Ready for Review-03/12/2026 - XX: The agreed upon guidelines between XXX and XXX does not list business assets as an unacceptable source of funds for reserves. - Due Diligence Vendor-03/12/2026 Open-Total Qualified Assets for Reserves Post-Close of $0 is less than Total Required Reserve Amount of $XXXX.XX. Business assets can't be used for reserves per client overlays. - Due Diligence Vendor-03/09/2026 |
Acknowledged-XX: The greed upon guidelines does not list business assets as an ineligible source of funds for reserves. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades findings - Due Diligence Vendor-04/01/2026 |
XX: The greed upon guidelines does not list business assets as an ineligible source of funds for reserves. | XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305037858 | Closed | 2026-02-06 05:51 | 2026-02-18 13:26 | Resolved | 1 - Information | Credit | Closing | Borrower 1 Non-US Document Identification is expired | Resolved-Borrower Non-US identity document expiration date is XX/XX/XXXX and note is dated XX/XX/XXXX. - Due Diligence Vendor-02/18/2026 Ready for Review-The Notice of Action provided indicates borrower’s permanent resident card was extended for 48 months. - Due Diligence Vendor-02/18/2026 Ready for Review-2/17 XXX: Please see the attached I-797 Notice of Action form that was included in the original loan file. The document states that Homeland Security has extended the validity period on the borrower's Permanent Resident Card for XXXX months (XXXX years). - Due Diligence Vendor-02/17/2026 Open-Borrower Non-US identity document expiration date is XX/XX/XXXX and note is dated XX/XX/XXXX. - Due Diligence Vendor-02/06/2026 |
Resolved-Borrower Non-US identity document expiration date is XX/XX/XXXX and note is dated XX/XX/XXXX. - Due Diligence Vendor-02/18/2026 | XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305031477 | Closed | 2026-02-06 09:32 | 2026-03-23 15:02 | Resolved | 1 - Information | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received Final Title Policy with sufficient coverage, finding resolved. - Due Diligence Vendor-03/23/2026 Resolved-Title Coverage Amount of $XXXXXX is equal to or greater than Total Amount of Subject Lien(s) $XXXXXX.XX - Due Diligence Vendor-03/23/2026 Ready for Review-please see attached doc JK 3.23 - Due Diligence Vendor-03/23/2026 Open-Title Coverage Amount of $XXXXXX.XX is Less than Total Amount of Subject Lien(s) of $XXXXXX.XX - Due Diligence Vendor-02/06/2026 |
Resolved-Received Final Title Policy with sufficient coverage, finding resolved. - Due Diligence Vendor-03/23/2026 Resolved-Title Coverage Amount of $XXXXXX is equal to or greater than Total Amount of Subject Lien(s) $XXXXXX.XX - Due Diligence Vendor-03/23/2026 |
XXXXXXX_1.pdf | XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305044897 | Closed | 2026-02-12 09:07 | 2026-03-10 18:02 | Resolved | 1 - Information | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Received final title with sufficient coverage, finding resolved. - Due Diligence Vendor-03/10/2026 Resolved-Title Coverage Amount of $XXXXX is equal to or greater than Total Amount of Subject Lien(s) $XXXXX - Due Diligence Vendor-03/10/2026 Ready for Review-please see attached doc JK 3.10 - Due Diligence Vendor-03/10/2026 Open-Title Coverage Amount of $XXXXX.XX is Less than Total Amount of Subject Lien(s) of $XXXXX - Due Diligence Vendor-02/12/2026 |
Resolved-Received final title with sufficient coverage, finding resolved. - Due Diligence Vendor-03/10/2026 Resolved-Title Coverage Amount of $XXXXX is equal to or greater than Total Amount of Subject Lien(s) $XXXXX - Due Diligence Vendor-03/10/2026 |
XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305044897 | Closed | 2026-02-12 09:22 | 2026-03-03 10:34 | Resolved | 1 - Information | Credit | Insurance | Hazard Insurance Effective Date is after the Disbursement Date | Resolved-Received hazard insurance with effective date that matches the closing date, finding resolved. - Due Diligence Vendor-03/03/2026 Resolved-Hazard Insurance Effective Date of XX/XX/XXXX is prior to or equal to the Disbursement Date of XX/XX/XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-03/03/2026 Ready for Review-3/2 XX: Please see attached. The insurance policy for the subject is effective XX/XX/XXXX and the loan closed on XX/XX/XXXX. - Due Diligence Vendor-03/02/2026 Open-Hazard Insurance Effective Date of XX/XX/XXXX is after the Disbursement Date of XX/XX/XXXX - Due Diligence Vendor-02/12/2026 |
Resolved-Received hazard insurance with effective date that matches the closing date, finding resolved. - Due Diligence Vendor-03/03/2026 Resolved-Hazard Insurance Effective Date of XX/XX/XXXX is prior to or equal to the Disbursement Date of XX/XX/XXXX Or Hazard Insurance Effective Date Is Not Provided - Due Diligence Vendor-03/03/2026 |
XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305050808 | Closed | 2026-03-03 09:46 | 2026-03-11 13:59 | Acknowledged | 2 - Non-Material | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Acknowledged-Given this is a business-purpose loan and the borrower is 100% owner of the business, we are okay downgrading the asset condition. Client Acknowledges and downgrades - Due Diligence Vendor-03/11/2026 Counter-Reviewed Lender's rebuttal. Asset Eligibility Notes under Section 11 of Residential Mortgage Purchase Criteria doc indicates business assets cannot be used as reserves. Finding remains - Due Diligence Vendor-03/09/2026 Ready for Review-03/06/2026 - XX: Please escalate to buyer. The agreed upon guidelines between XXX and XXX do not list business assets as an unacceptable source of funds for reserves. - Due Diligence Vendor-03/06/2026 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) Per Lender overlay guidelines - Business assets cannot be used as reserves. The only assets in the file are business assets. - Due Diligence Vendor-03/03/2026 |
Acknowledged-Given this is a business-purpose loan and the borrower is 100% owner of the business, we are okay downgrading the asset condition. Client Acknowledges and downgrades - Due Diligence Vendor-03/11/2026 | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305050808 | Closed | 2026-03-03 09:45 | 2026-03-11 13:58 | Acknowledged | 2 - Non-Material | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Acknowledged-Given this is a business-purpose loan and the borrower is 100% owner of the business, we are okay downgrading the asset condition. Client Acknowledges and downgrades - Due Diligence Vendor-03/11/2026 Counter-Reviewed Lender's rebuttal. Asset Eligibility Notes under Section 11 of Residential Mortgage Purchase Criteria doc indicates business assets cannot be used as reserves. Finding remains - Due Diligence Vendor-03/09/2026 Ready for Review-03/06/2026 - XX: Please escalate to buyer. The agreed upon guidelines between XXX and XXX do not list business assets as an unacceptable source of funds for reserves. - Due Diligence Vendor-03/06/2026 Open-Total Qualified Assets for Reserves Post-Close of $0 is less than Total Required Reserve Amount of $XXXX.XX Per Lender overlay guidelines - Business assets cannot be used as reserves. The only assets in the file are business assets. - Due Diligence Vendor-03/03/2026 |
Acknowledged-Given this is a business-purpose loan and the borrower is 100% owner of the business, we are okay downgrading the asset condition. Client Acknowledges and downgrades - Due Diligence Vendor-03/11/2026 | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305057680 | Closed | 2026-03-23 13:32 | 2026-03-28 12:45 | Resolved | 1 - Information | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received denial letter for REO property, finding resolved. - Due Diligence Vendor-03/28/2026 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-03/28/2026 Ready for Review-03/27 XX: Please see the attached documentation. The property located at XXX XXXXXX was denied and this transaction did not continue. No additional documentation was obtained due to the cancellation of the transaction. - Due Diligence Vendor-03/27/2026 Open-Housing History Does Not Meet Guideline Requirements Copy of the Note and/or Final Closing Disclosure was not provided for the recent purchase of the borrower's other real estate-owned property. REO (XXX XXXXXX) - Due Diligence Vendor-03/23/2026 |
Resolved-Received denial letter for REO property, finding resolved. - Due Diligence Vendor-03/28/2026 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-03/28/2026 |
XXXXXXX_1.pdf | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305059689 | Closed | 2026-03-17 17:48 | 2026-03-23 15:49 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Evidence of ownership provided for property on XXXX, finding resolved. - Due Diligence Vendor-03/23/2026 Ready for Review-03/23/26 - XX: Please see attached. - Due Diligence Vendor-03/23/2026 Open-Please provide documentation confirming the borrower is not a first-time home buyer, as this is an eligibility requirement for the Investor Flex product. While the 1003 indicates the borrower may own a property on XXXX, we are missing supporting documents such as the Note or Final Closing Disclosure (CD) to verify ownership. - Due Diligence Vendor-03/17/2026 |
Resolved-Evidence of ownership provided for property on XXXX, finding resolved. - Due Diligence Vendor-03/23/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305051357 | Closed | 2026-02-27 08:22 | 2026-03-09 10:14 | Resolved | 1 - Information | Credit | Missing Doc | Missing Documentation 1 | Resolved-Received Note and Final CD along with a loan approval for a property that has not closed yet for REO 3e and 3f, finding resolved. - Due Diligence Vendor-03/09/2026 Ready for Review-03/06/26 - XX: Please see attached. Loan #XXXXXXXXXX for the purchase of XXXX XXXXXXXX XXX has not been cleared to close. - Due Diligence Vendor-03/06/2026 Open-1003 application indicates REO properties #3e and #3f with a new mortgage with the lender. A copy of the Note and or final closing disclosure for REO properties #3e and #3f with new mortgage as reflected on the 1003 application is missing. - Due Diligence Vendor-02/27/2026 |
Resolved-Received Note and Final CD along with a loan approval for a property that has not closed yet for REO 3e and 3f, finding resolved. - Due Diligence Vendor-03/09/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305054677 | Closed | 2026-03-03 06:30 | 2026-03-06 08:55 | Resolved | 1 - Information | Credit | Eligibility | Housing History Does Not Meet Guideline Requirements | Resolved-Received final Closing Disclosure and Note for REO 3a and 3e reflecting no payment due until XX/XXXX, finding resolved. - Due Diligence Vendor-03/06/2026 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-03/06/2026 Ready for Review-3/5 XX: Please see attached notes for the REOs on 3A & 3E - Due Diligence Vendor-03/05/2026 Open-Housing History Does Not Meet Guideline Requirements Guidelines require a 12-month payment history (or since origination) for all mortgages including subordinate liens. Initial 1003 reflects XXXX with subject lender for REO 3a and 3e. Provide mortgage history or copy of note indicating that no payment is due. - Due Diligence Vendor-03/03/2026 |
Resolved-Received final Closing Disclosure and Note for REO 3a and 3e reflecting no payment due until XX/XX/XXXX, finding resolved. - Due Diligence Vendor-03/06/2026 Resolved-Housing History Meets Guideline Requirements - Due Diligence Vendor-03/06/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305066752 | Closed | 2026-03-23 13:28 | 2026-04-01 09:18 | Resolved | 1 - Information | Credit | Eligibility | Audited HCLTV Exceeds Guideline HCLTV | Resolved-Documentation confirming transaction is delayed financing provided and LTV adjusted to rate and term parameters, finding resolved. - Due Diligence Vendor-04/01/2026 Resolved-Audited HLTV of 80% is less than or equal to Guideline HCLTV of 80% - Due Diligence Vendor-04/01/2026 Ready for Review-03/31/2026 - XX: This is a delayed financing transaction, and the file is subject to rate and term parameters and pricing. Please see the attached settlement statement and source of funds used to purchase the subject. - Due Diligence Vendor-03/31/2026 Open-Audited HLTV of 80% exceeds Guideline HCLTV of 75% - Due Diligence Vendor-03/25/2026 |
Resolved-Documentation confirming transaction is delayed financing provided and LTV adjusted to rate and term parameters, finding resolved. - Due Diligence Vendor-04/01/2026 Resolved-Audited HLTV of 80% is less than or equal to Guideline HCLTV of 80% - Due Diligence Vendor-04/01/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305066752 | Closed | 2026-03-23 13:28 | 2026-04-01 09:17 | Resolved | 1 - Information | Credit | Eligibility | Audited CLTV Exceeds Guideline CLTV | Resolved-Documentation confirming transaction is delayed financing provided and LTV adjusted to rate and term parameters, finding resolved. - Due Diligence Vendor-04/01/2026 Resolved-Audited CLTV of 80% is less than or equal to Guideline CLTV of 80% - Due Diligence Vendor-04/01/2026 Ready for Review-03/31/2026 - XX: This is a delayed financing transaction, and the file is subject to rate and term parameters and pricing. Please see the attached settlement statement and source of funds used to purchase the subject. - Due Diligence Vendor-03/31/2026 Open-Audited CLTV of 80% exceeds Guideline CLTV of 75% - Due Diligence Vendor-03/25/2026 |
Resolved-Documentation confirming transaction is delayed financing provided and LTV adjusted to rate and term parameters, finding resolved. - Due Diligence Vendor-04/01/2026 Resolved-Audited CLTV of 80% is less than or equal to Guideline CLTV of 80% - Due Diligence Vendor-04/01/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305066752 | Closed | 2026-03-23 13:28 | 2026-04-01 09:17 | Resolved | 1 - Information | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Resolved-Documentation confirming transaction is delayed financing provided and LTV adjusted to rate and term parameters, finding resolved. - Due Diligence Vendor-04/01/2026 Resolved-Audited LTV of 80% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-04/01/2026 Ready for Review-03/31/2026 - XX: This is a delayed financing transaction, and the file is subject to rate and term parameters and pricing. Please see the attached settlement statement and source of funds used to purchase the subject. - Due Diligence Vendor-03/31/2026 Open-Audited LTV of 80% exceeds Guideline LTV of 75% for a cash out refinance. - Due Diligence Vendor-03/26/2026 |
Resolved-Documentation confirming transaction is delayed financing provided and LTV adjusted to rate and term parameters, finding resolved. - Due Diligence Vendor-04/01/2026 Resolved-Audited LTV of 80% is less than or equal to Guideline LTV of 80% - Due Diligence Vendor-04/01/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305056347 | Closed | 2026-03-09 06:25 | 2026-03-12 11:42 | Resolved | 1 - Information | Credit | Title | Title Coverage is Less than Subject Lien(s) Total | Resolved-Title Coverage Amount of $XXXXX is equal to or greater than Total Amount of Subject Lien(s) $XXXXX - Due Diligence Vendor-03/12/2026 Ready for Review-Title Policy - Due Diligence Vendor-03/12/2026 Open-Title Coverage Amount of $XXXXX is Less than Total Amount of Subject Lien(s) of $XXXXX Provided updated title commitment or closing instructions to the title company with the correct coverage amount. - Due Diligence Vendor-03/09/2026 |
Resolved-Title Coverage Amount of $XXXXX is equal to or greater than Total Amount of Subject Lien(s) $XXXXX - Due Diligence Vendor-03/12/2026 | XXXXXXX_1.pdf | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305061077 | Closed | 2026-03-16 11:52 | 2026-03-20 08:28 | Resolved | 1 - Information | Credit | Missing Doc | Required Documentation is Missing | Resolved-Received executed HUD-1 from the cash purchase, finding resolved. - Due Diligence Vendor-03/20/2026 Ready for Review-3/19 XXX: Please see attached. - Due Diligence Vendor-03/19/2026 Open-The subject loan was approved as delayed financing. Lender guidelines require evidence or original purchase price, clear title showing no liens and source of funds for original purchase. Despite this requirement, a copy of either the HUD from the purchase or recorded deed transfer documents were not provided. - Due Diligence Vendor-03/16/2026 |
Resolved-Received executed HUD-1 from the cash purchase, finding resolved. - Due Diligence Vendor-03/20/2026 | XXXXXXX_1.pdf | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305060996 | Closed | 2026-03-06 09:16 | 2026-04-16 11:50 | Waived | 2 - Non-Material | Credit | Eligibility | Debt Service Coverage Ratio below guideline minimum | Waived- - Due Diligence Vendor-04/16/2026 Acknowledged-XX: XXX acknowledges the difference in taxes, however, we believe the loan is still as of investment quality. We are asking for an exception to utilize the .99 DSCR with positive factors of 738 FICO, 79.27% CLTV/HCLTV, Borrowers have a history with rental properties, no derogatory credit history. Please downgrade based on the comp factors noted by XXX. Client acknowledges and downgrades findings. - Due Diligence Vendor-04/01/2026 Open-Audited DSCR of 0.987 is below guideline minimum of 1 DSCR is due to Taxes. Lender used $XXX.XX vs audit of $XXX.XX per tax certificate in file. Lender to provide tax documentation to support lower taxes and DSCR of 1.0. - Due Diligence Vendor-03/06/2026 |
Acknowledged-XX: XXX acknowledges the difference in taxes, however, we believe the loan is still as of investment quality. We are asking for an exception to utilize the .99 DSCR with positive factors of 738 FICO, 79.27% CLTV/HCLTV, Borrowers have a history with rental properties, no derogatory credit history. Please downgrade based on the comp factors noted by XXX. Client acknowledges and downgrades findings. - Due Diligence Vendor-04/01/2026 |
738 FICO, 79.27% CLTV/HCLTV, Borrowers have a history with rental properties, no derogatory credit history. | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305067107 | Closed | 2026-03-22 13:41 | 2026-04-01 08:47 | Resolved | 1 - Information | Credit | Assets | Insufficient asset documentation in file - assets do not cover closing costs | Resolved-Updated bank statements provided reflecting sufficient funds for cash to close and reserves, finding resolved. - Due Diligence Vendor-04/01/2026 Resolved-Sufficient asset documentation provided. - Due Diligence Vendor-04/01/2026 Ready for Review-03/31/2026 - XX: Please see attached. The borrower's reserve requirement of $X,XXX.XX has been satisfied. - Due Diligence Vendor-03/31/2026 Open-Insufficient asset documentation in file - assets do not cover closing costs. - Due Diligence Vendor-03/22/2026 |
Resolved-Updated bank statements provided reflecting sufficient funds for cash to close and reserves, finding resolved. - Due Diligence Vendor-04/01/2026 Resolved-Sufficient asset documentation provided. - Due Diligence Vendor-04/01/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305067107 | Closed | 2026-03-22 13:41 | 2026-04-01 08:47 | Resolved | 1 - Information | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Resolved-Updated bank statements provided reflecting sufficient funds for cash to close and reserves, finding resolved. - Due Diligence Vendor-04/01/2026 Resolved-Total Qualified Assets for Reserves Post-Close of $XXXXX.XX is equal to or greater than Total Required Reserve Amount of $XXXX.XX - Due Diligence Vendor-04/01/2026 Ready for Review-03/31/2026 - XX: Please see attached. The borrower's reserve requirement of $X,XXX.XX has been satisfied. - Due Diligence Vendor-03/31/2026 Open-Total Qualified Assets for Reserves Post-Close of $0 is less than Total Required Reserve Amount of $XXXX.XX - Due Diligence Vendor-03/25/2026 |
Resolved-Updated bank statements provided reflecting sufficient funds for cash to close and reserves, finding resolved. - Due Diligence Vendor-04/01/2026 Resolved-Total Qualified Assets for Reserves Post-Close of $XXXXX.XX is equal to or greater than Total Required Reserve Amount of $XXXX.XX - Due Diligence Vendor-04/01/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305067107 | Closed | 2026-03-25 12:23 | 2026-04-01 08:46 | Resolved | 1 - Information | Credit | Eligibility | Insufficient Reserves Number of Months (Client Overlay) | Resolved-Updated bank statements provided reflecting sufficient funds for cash to close and reserves, finding resolved. - Due Diligence Vendor-04/01/2026 Resolved-Audited Reserves of 21.49 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) allowed by client overlays. - Due Diligence Vendor-04/01/2026 Ready for Review-03/31/2026 - XX: Please see attached. The borrower's reserve requirement of $X,XXX.XX has been satisfied. - Due Diligence Vendor-03/31/2026 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) allowed by client overlays. - Due Diligence Vendor-03/25/2026 |
Resolved-Updated bank statements provided reflecting sufficient funds for cash to close and reserves, finding resolved. - Due Diligence Vendor-04/01/2026 Resolved-Audited Reserves of 21.49 month(s) are greater than or equal to Guideline Required Reserves of 3 month(s) allowed by client overlays. - Due Diligence Vendor-04/01/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305060710 | Closed | 2026-03-19 17:36 | 2026-04-01 10:08 | Acknowledged | 2 - Non-Material | Credit | Eligibility | Audited Reserves are less than Guideline Required Reserves (Number of Months) | Acknowledged-XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 804, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades finding - Due Diligence Vendor-04/01/2026 Counter-Reviewed Lender's rebuttal regarding an exception; however, an approved exception form was not uploaded. Please upload approved exception request form. - Due Diligence Vendor-03/24/2026 Ready for Review-3/24 XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 809, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. - Due Diligence Vendor-03/24/2026 Open-Audited Reserves of month(s) are less than Guideline Required Reserves of 3 month(s) Audited Reserves of 0 months are less than Guideline Required Reserves of 3 months. Guideline overlays do not allow the use of business assets for reserves. - Due Diligence Vendor-03/19/2026 |
Acknowledged-XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 804, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades finding - Due Diligence Vendor-04/01/2026 |
XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 804, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305060710 | Closed | 2026-03-19 17:34 | 2026-04-01 10:07 | Acknowledged | 2 - Non-Material | Credit | Assets | Total Qualified Assets for Reserves Post-Close is less than Total Required Reserve Amount | Acknowledged-XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 809, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades finding - Due Diligence Vendor-04/01/2026 Counter-Reviewed Lender's rebuttal regarding an exception; however, an approved exception form was not uploaded. Please upload approved exception request form. - Due Diligence Vendor-03/24/2026 Ready for Review-3/24 XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 809, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. - Due Diligence Vendor-03/24/2026 Open-Total Qualified Assets for Reserves Post-Close of $0 is less than Total Required Reserve Amount of $XXXX.XX Guideline overlays do not allow the use of business assets for reserves. - Due Diligence Vendor-03/19/2026 |
Acknowledged-XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 809, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. Since the borrower is 100% owner, we are ok using the business reserves. Client Acknowledges and downgrades finding - Due Diligence Vendor-04/01/2026 |
XX: XXX does understand that XXX overlays do not allow business assets to be used for reserves however, is asking for an exception to still accept the loan. Positive factor include FICO: 809, no mtg lates, borrower does have more than enough funds in business account to cover the cash to close amount. | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305038998 | Closed | 2026-02-07 08:39 | 2026-02-07 08:39 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-02/07/2026 | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-02/07/2026 | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305029924 | Closed | 2026-03-03 06:36 | 2026-03-12 15:04 | Acknowledged | 2 - Non-Material | Credit | Eligibility | Insufficient Reserves Number of Months (Client Overlay) | Acknowledged-Despite not meeting the purchase criteria, this meets lender guidelines. Client acknowledged and downgraded finding. - Due Diligence Vendor-03/12/2026 Ready for Review-The Post Closing Guideline Exception Form has been uploaded. - Due Diligence Vendor-03/12/2026 Open-Audited Reserves of 3.85 month(s) are less than Guideline Required Reserves of 6 month(s) allowed by client overlays. - Due Diligence Vendor-03/03/2026 |
Acknowledged-Despite not meeting the purchase criteria, this meets lender guidelines. Client acknowledged and downgraded finding. - Due Diligence Vendor-03/12/2026 | XXXXXXX_1.pdf | XX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305029924 | Closed | 2026-02-27 10:05 | 2026-03-12 15:00 | Resolved | 1 - Information | Credit | Eligibility | OFAC Check Not Completed and/or Cleared | Resolved-XXXX Check Completed and Cleared - Due Diligence Vendor-03/12/2026 Ready for Review-Report was in file and is attached. - Due Diligence Vendor-03/12/2026 Open-XXXX Check Not Completed and/or Cleared - Due Diligence Vendor-02/27/2026 |
Resolved-OFAC Check Completed and Cleared - Due Diligence Vendor-03/12/2026 | XXXXXXX_1.pdf | XX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305029924 | Closed | 2026-02-27 10:05 | 2026-03-12 14:59 | Resolved | 1 - Information | Credit | Missing Doc | Third Party Fraud Report not Provided | Resolved-Third Party Fraud Report was provided - Due Diligence Vendor-03/12/2026 Ready for Review-Report was in file and is attached. - Due Diligence Vendor-03/12/2026 Open-Missing Third Party Fraud Report - Due Diligence Vendor-02/27/2026 |
Resolved-Third Party Fraud Report was provided - Due Diligence Vendor-03/12/2026 | XXXXXXX_1.pdf | XX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305029916 | Closed | 2026-02-02 14:45 | 2026-03-12 13:30 | Resolved | 1 - Information | Compliance | TRID Tolerance | Insufficient Tolerance Cure (50001028) | Resolved-COC for program change was provided. Condition cleared. - Due Diligence Vendor-03/12/2026 Ready for Review-Please see attached XX/XX/XXXX LE and COC - Due Diligence Vendor-03/11/2026 Counter-Agree. The $X.XX credit was taken into consideration already. The Initial Loan Estimate reflects no charges for Commitment Fee or Verification Fee. The Final Closing Disclosure reflects a Commitment Fee of $X,XXX and a Verification Fee of $X.XX. The loan file did not contain a valid COC to support the increase. A tolerance cure of $X,XXX.XX is required. Section J reflects a $X.XX tolerance cure that is insufficient. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-03/10/2026 Ready for Review-Please see attached Final CD. A $X.XX RESPA was in section J. - Due Diligence Vendor-03/10/2026 Open-A Lender Credit for Excess Charges of ($X.XX), Principal Reduction for Excess Charges of ($0.00), and general or specific lender credit increases of ($0.00) were applied to the total fee variance of ($X,XXX.XX) between the baseline disclosure and the last Closing Disclosure. Since the lender credits and principal reduction (if applicable) are less than the total fee variance amount, they are not sufficient to cure the variance. The Initial Loan Estimate reflects no charges for Commitment Fee or Verification Fee. The Final Closing Disclosure reflects a Commitment Fee of $X,XXX and a Verification Fee of $X.XX. The loan file did not contain a valid COC to support the increase. A tolerance cure of $X,XXX.XX is required. Section J reflects a $X.XX tolerance cure that is insufficient. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-02/02/2026 Open- - Due Diligence Vendor-02/02/2026 Open- - Due Diligence Vendor-02/02/2026 |
Resolved-COC for program change was provided. Condition cleared. - Due Diligence Vendor-03/12/2026 | XXXXXXX_1.pdf XXXXXXX_1.pdf |
XX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305029916 | Closed | 2026-02-02 14:45 | 2026-03-12 13:27 | Resolved | 1 - Information | Compliance | TRID Tolerance | Insufficient Tolerance Cure (50001026) | Resolved-COC for program change was provided. Condition cleared. - Due Diligence Vendor-03/12/2026 Ready for Review-Please see attached XX.XX LE and COC - Due Diligence Vendor-03/11/2026 Counter-Agree. The $X.XX credit was taken into consideration already. The Initial Loan Estimate reflects no charges for Commitment Fee or Verification Fee. The Final Closing Disclosure reflects a Commitment Fee of $X,XXX and a Verification Fee of $X.XX. The loan file did not contain a valid COC to support the increase. A tolerance cure of $X,XXX.XX is required. Section J reflects a $X.XX tolerance cure that is insufficient. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-03/10/2026 Ready for Review-Please see attached Final CD. A $X.XX RESPA was in section J. - Due Diligence Vendor-03/10/2026 Open-A Lender Credit for Excess Charges of ($X.XX), Principal Reduction for Excess Charges of ($0.00), and general or specific lender credit increases of ($0.00) were applied to the total fee variance of ($X,XXX.XX) between the baseline disclosure and the actual fee amounts. Since the lender credits and principal reduction (if applicable) are less than the total fee variance amount, they are not sufficient to cure the variance. - Due Diligence Vendor-02/02/2026 Open- - Due Diligence Vendor-02/02/2026 Open- - Due Diligence Vendor-02/02/2026 |
The Initial Loan Estimate reflects no charges for Commitment Fee or Verification Fee. The Final Closing Disclosure reflects a Commitment Fee of $X,XXX and a Verification Fee of $X.XX. The loan file did not contain a valid COC to support the increase. A tolerance cure of $X,XXX.XX is required. Section J reflects a $X.XX tolerance cure that is insufficient. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - 02/02/2026 |
Resolved-COC for program change was provided. Condition cleared. - Due Diligence Vendor-03/12/2026 | XXXXXXX_1.pdf XXXXXXX_1.pdf |
XX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | ||
| XXXXX | XXXXX | XXXXX | 305029916 | Closed | 2026-01-26 11:55 | 2026-02-02 15:01 | Acknowledged | 2 - Non-Material | Compliance | Disclosure | ECOA: Appraisal Not Provided to Applicant | Acknowledged-ECOA Non-Compliant: Appraisal present; no evidence appraisal was provided to applicant. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-01/26/2026 | Acknowledged-ECOA Non-Compliant: Appraisal present; no evidence appraisal was provided to applicant. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-01/26/2026 | XX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305029916 | Closed | 2026-01-26 11:55 | 2026-02-02 15:01 | Acknowledged | 2 - Non-Material | Compliance | Disclosure | ECOA: Second Appraisal Not Provided to Applicant | Acknowledged-ECOA Non-Compliant: Secondary Appraisal present; no evidence appraisal was provided to applicant. ECOA Non-Compliant: Appraisal present; no evidence appraisal was provided to applicant. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-01/26/2026 | Acknowledged-ECOA Non-Compliant: Secondary Appraisal present; no evidence appraisal was provided to applicant. ECOA Non-Compliant: Appraisal present; no evidence appraisal was provided to applicant. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-01/26/2026 | XX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305043004 | Closed | 2026-03-02 09:46 | 2026-04-16 14:41 | Resolved | 1 - Information | Compliance | QM-ATR | ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements | Resolved-. - Due Diligence Vendor-03/09/2026 Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-03/09/2026 Ready for Review-Evidence of funds used to close - Due Diligence Vendor-03/05/2026 Open-ATR Risk - Either Current Income or Current Assets must be utilized to meet ATR requirements Missing verification of receipt of bridge loan funds in the amount of $XXXX. - Due Diligence Vendor-03/02/2026 |
Resolved-. - Due Diligence Vendor-03/09/2026 Resolved-ATR Risk - Current Income or Current Assets were considered - Due Diligence Vendor-03/09/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305043004 | Closed | 2026-03-02 09:45 | 2026-03-09 17:01 | Resolved | 1 - Information | Credit | Missing Doc | Missing Asset Documentation | Resolved-Received wire transfer doc. Condition cleared. - Due Diligence Vendor-03/09/2026 Ready for Review-ATTACHED - Due Diligence Vendor-03/06/2026 Open-Missing Asset Documentation. Missing verification of receipt of bridge loan funds in the amount of $XXX,XXX.XX. - Due Diligence Vendor-03/02/2026 |
Resolved-Received wire transfer doc. Condition cleared. - Due Diligence Vendor-03/09/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305047505 | Closed | 2026-03-04 05:39 | 2026-03-07 08:24 | Waived | 2 - Non-Material | Credit | Eligibility | Audited LTV Exceeds Guideline LTV | Waived-Audited LTV of 78.83% exceeds Guideline LTV of 75% Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-03/04/2026 | Waived-Audited LTV of 78.83% exceeds Guideline LTV of 75% Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-03/04/2026 | FICO greater than 740, 20 points higher than GL minimum Reserves 4 months greater than required DSCR greater than 1.1 and 0.1 higher than GL maximum Housing history 0x30x24 |
XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | |||
| XXXXX | XXXXX | XXXXX | 305047505 | Closed | 2026-03-04 05:39 | 2026-03-07 08:23 | Waived | 2 - Non-Material | Credit | Eligibility | Audited CLTV Exceeds Guideline CLTV | Waived-Audited CLTV of 78.83% exceeds Guideline CLTV of 75% Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-03/04/2026 | Waived-Audited CLTV of 78.83% exceeds Guideline CLTV of 75% Lender provided approved exception dated prior to consummation and all lender compensating factors have been documented and validated. - Due Diligence Vendor-03/04/2026 | FICO greater than 740, 20 points higher than GL minimum Reserves 4 months greater than required DSCR greater than 1.1 and 0.1 higher than GL maximum Housing history 0x30x24 |
XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | Originator Pre-Close | Yes | |||
| XXXXX | XXXXX | XXXXX | 305046010 | Closed | 2026-03-03 14:32 | 2026-03-13 16:30 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-VOR completed by property manager, finding resolved. - Due Diligence Vendor-03/13/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/13/2026 Ready for Review-The borrowers current address is owned by XXXX, the VOR was completed by the property manager. 12 months checks should not be required. - Due Diligence Vendor-03/13/2026 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. Lender guidelines require 12 months of the Borrower's cancelled checks or bank statements to verify rental payments when a VOR is prepared by a private party. Despite this requirement, no bank payment history was provided. - Due Diligence Vendor-03/03/2026 |
Resolved-VOR completed by property manager, finding resolved. - Due Diligence Vendor-03/13/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-03/13/2026 |
XXXXXXX_1.pdf XXXXXXX_2.pdf |
XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305046010 | Closed | 2026-02-28 08:55 | 2026-03-06 08:20 | Resolved | 1 - Information | Credit | Insurance | Hazard Insurance Shortfall | Resolved-Received Master Policy along with HO6 coverage, finding resolved. - Due Diligence Vendor-03/06/2026 Resolved-Hazard Insurance Coverage Amount of $ is equal to or greater than Total Amount of Subject Lien(s) or Guaranteed Replacement Coverage is present - Due Diligence Vendor-03/06/2026 Ready for Review-Master policy attached - other insurance is H06 - Due Diligence Vendor-03/05/2026 Open-Hazard Insurance Coverage Amount of $XXXXXX is less than Total Amount of Subject Lien(s) of $XXXXXX - Due Diligence Vendor-02/28/2026 |
Resolved-Received Master Policy along with HO6 coverage, finding resolved. - Due Diligence Vendor-03/06/2026 Resolved-Hazard Insurance Coverage Amount of $ is equal to or greater than Total Amount of Subject Lien(s) or Guaranteed Replacement Coverage is present - Due Diligence Vendor-03/06/2026 |
XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305046134 | Closed | 2026-02-27 06:49 | 2026-02-27 06:49 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-02/27/2026 | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-02/27/2026 | XX | Primary Residence | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305050070 | Closed | 2026-02-27 15:06 | 2026-03-05 14:47 | Cured | 2 - Non-Material | Compliance | TRID | TRID 0% Tolerance Violation | Cured-Received LOX, PCCD with Principal curtailment and Transaction details showing the disbursement amount. Condition cured - Due Diligence Vendor-03/05/2026 Ready for Review-ATTACHED - Due Diligence Vendor-03/05/2026 Open-The Loan Estimate dated XX/XX/XXXX Land Survey Fee of $XXX.XX. The Final CD dated XX/XX/XXXX reflects Land Survey Fee of $XXX.XX. The loan file did not contain a valid COC to support the increase. No evidence of a tolerance cure was provided in file. A tolerance cure of $XX.XX is required. Provide Letter of Explanation, Proof of Refund, Corrected PCCD, and Proof of Delivery to Borrower. - Due Diligence Vendor-02/27/2026 |
Cured-Received LOX, PCCD with Principal curtailment and Transaction details showing the disbursement amount. Condition cured - Due Diligence Vendor-03/05/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Primary Residence | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305060739 | Closed | 2026-03-05 11:57 | 2026-03-05 11:57 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-03/05/2026 | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-03/05/2026 | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305055885 | Closed | 2026-03-12 12:17 | 2026-03-16 16:18 | Resolved | 1 - Information | Compliance | Tolerance:Disclosure | Federal - Closing Disclosure and Consummation Date | Resolved-Received verification of the Initial CD receipt date. Condition cleared. - Due Diligence Vendor-03/16/2026 Ready for Review-Was viewed on 2/25/2026 - Due Diligence Vendor-03/13/2026 Open- - Due Diligence Vendor-03/12/2026 Open-The Initial Closing Disclosure Received Date of (XX/XX/XXXX) is not three business days before the consummation date of (XX/XX/XXXX). Three business days before the consummation date is (XX/XX/XXXX). Under Regulation Z, a consumer must receive the Initial Closing Disclosure reflecting the actual terms of the transaction no later than three business days before consummation. (12 CFR 1026.19(f)(1)(ii)(A)); 1026.19(f)(1)(iii)) Initial CD reflects Date Issued of XX/XX/XXXX. Borrower acknowledged receipt of initial C.D. on XX/XX/XXXX which is less than 3 business days prior to consummation. No Cure. - Due Diligence Vendor-03/12/2026 Open- - Due Diligence Vendor-03/12/2026 Open- - Due Diligence Vendor-03/12/2026 |
Resolved-Received verification of the Initial CD receipt date. Condition cleared. - Due Diligence Vendor-03/16/2026 | XXXXXXX_1.pdf XXXXXXX_2.pdf XXXXXXX_3.pdf |
XX | Second Home | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 304889827 | Closed | 2026-03-02 13:01 | 2026-03-04 10:14 | Resolved | 1 - Information | Credit | Eligibility | Audited FICO is less than Guideline FICO | Resolved-Lender's guidelines and overlays allow for a 660 FICO for LTV of 70%, finding resolved. - Due Diligence Vendor-03/04/2026 Resolved-Audited FICO of 674 is greater than or equal to Guideline FICO of 660 - Due Diligence Vendor-03/04/2026 Ready for Review-Expanded guideline as shown on page 37 in Appendix K for Cash out refinance with LTV of 70% allow for credit score down to 660. Loan is within guideline. Please clear. - Due Diligence Vendor-03/04/2026 Open-Audited FICO of 674 is less than Guideline FICO of 680 - Due Diligence Vendor-03/02/2026 |
Resolved-Lender's guidelines and overlays allow for a 660 FICO for LTV of 70%, finding resolved. - Due Diligence Vendor-03/04/2026 Resolved-Audited FICO of 674 is greater than or equal to Guideline FICO of 660 - Due Diligence Vendor-03/04/2026 |
XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 304898971 | Closed | 2026-02-18 16:35 | 2026-02-27 07:39 | Resolved | 1 - Information | Compliance | Missing Doc | PUD Rider is Missing | Resolved-PUD Rider embedded in the Mortgage doc, finding resolved. - Due Diligence Vendor-02/27/2026 Ready for Review-PUD is not required; property is not in PUD. Please clear - Due Diligence Vendor-02/25/2026 Open-Missing Mortgage Riders – PUD Rider - Due Diligence Vendor-02/18/2026 |
Resolved-PUD Rider embedded in the Mortgage doc, finding resolved. - Due Diligence Vendor-02/27/2026 | XX | Investment | Refinance | Cash Out - Other | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 305024311 | Closed | 2026-02-19 18:37 | 2026-03-05 12:37 | Acknowledged | 2 - Non-Material | Credit | Eligibility | Credit score does not meet client overlay guidelines | Acknowledged-This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-03/05/2026 Open-Audited FICO of 684 is less than Guideline FICO of 700 allowed by client overlays. Credit score of 684 is less than 700, the minimum credit score required per client overlay guidelines for a cash out refinance. - Due Diligence Vendor-02/20/2026 |
Acknowledged-This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-03/05/2026 | XX | Investment | Refinance | Cash Out - Other | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305039421 | Closed | 2026-02-12 13:33 | 2026-04-16 11:51 | Resolved | 1 - Information | Credit | Eligibility | Audited FICO is less than Guideline FICO | Resolved- - Due Diligence Vendor-04/16/2026 Acknowledged-Based on client Expanded guidelines 680 min FICO required for 80% LTV. Condition cleared. - Due Diligence Vendor-03/19/2026 Open-Audited FICO of 686 is less than Guideline FICO of 720 Matrix requires minimum 720 FICO for R/T refi at 80% LTV - Due Diligence Vendor-02/12/2026 |
Acknowledged-Based on client Expanded guidelines 680 min FICO required for 80% LTV. Condition cleared. - Due Diligence Vendor-03/19/2026 | XX | Investment | Refinance | No Cash Out - Borrower Initiated | XXXX | N/A | N/A | ||||
| XXXXX | XXXXX | XXXXX | 305039415 | Closed | 2026-02-06 07:19 | 2026-03-04 18:15 | Acknowledged | 2 - Non-Material | Property | Appraisal | Appraisal is Expired | Acknowledged-Client obtained lender statement indicating exception was approved internally and noted on data tape. Client acknowledged and requested downgrade. - Due Diligence Vendor-03/05/2026 Acknowledged-Client acknowledges and downgraded - Due Diligence Vendor-03/04/2026 Counter-Comments indicate an approved exception was granted; however, no exception form found in file. Please submit approved exception form. Finding remains - Due Diligence Vendor-02/17/2026 Ready for Review-This was an approved UW exception. "Appraisal dated XX/XX/XXXX. 120-day Expiration –XX/XX/XXXX. Additional 10-day extension granted to accommodate closing - updated expiration is XX/XX/XXXX. Note must be dated on or prior to XX/XX/XXXX." Requirement of XX/XX/XXXX deadline met, please downgrade/waive or clear. Thank you. - Due Diligence Vendor-02/16/2026 Open-Primary Value Appraisal is Expired - Due Diligence Vendor-02/06/2026 |
Acknowledged-Client obtained lender statement indicating exception was approved internally and noted on data tape. Client acknowledged and requested downgrade. - Due Diligence Vendor-03/05/2026 Acknowledged-Client acknowledges and downgraded - Due Diligence Vendor-03/04/2026 |
XX | Investment | Refinance | Cash Out - Other | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305039388 | Closed | 2026-02-09 14:59 | 2026-04-16 11:55 | Waived | 2 - Non-Material | Credit | Eligibility | Appraised Value is less than guideline minimum | Waived- - Due Diligence Vendor-04/16/2026 Acknowledged-Client obtained lender statement indicating exception was approved internally and noted on data tape. Client acknowledged and requested downgrade. - Due Diligence Vendor-03/05/2026 Acknowledged-Client acknowledges and downgrades - Due Diligence Vendor-03/04/2026 Counter-Lender indicates an approved exception was granted; however, no approved exception form was located in file. Please submit approved exception form. Finding remains - Due Diligence Vendor-02/17/2026 Ready for Review-This was an approved UW exception, "Exception Approved, expanded product for Appraised property value under $XX,XXX. Subject loan amount meets the required minimum. FICO 783, DSCR > 1.5, good asset reserves to service the subject loan." please downgrade/waive or clear. Thank you. - Due Diligence Vendor-02/16/2026 Open-Audited Qualifying Appraised Value of $ is less than the Guideline Minimum Appraised Value of $XXXXX. Appraised Value is less than guideline minimum - Due Diligence Vendor-02/09/2026 |
Acknowledged-Client obtained lender statement indicating exception was approved internally and noted on data tape. Client acknowledged and requested downgrade. - Due Diligence Vendor-03/05/2026 Acknowledged-Client acknowledges and downgrades - Due Diligence Vendor-03/04/2026 |
FICO 783, DSCR > 1.5, good asset reserves to service the subject loan | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | |||
| XXXXX | XXXXX | XXXXX | 305043808 | Closed | 2026-02-24 05:58 | 2026-03-16 15:08 | Acknowledged | 2 - Non-Material | Credit | Eligibility | Borrower 1 Credit Report is Expired | Acknowledged-Downgrading the remaining open credit exception with comp factors including a 732 fico and 0x30 mortgage/credit history. Client Acknowledges and downgrades finding. - Due Diligence Vendor-03/16/2026 Open-Lender guidelines required that the credit be obtained no more than 90 days prior to the Note date. Despite this requirement, the credit report was dated 96 days prior to the Note. Additional conditions may apply upon receipt of the missing documentation. - Due Diligence Vendor-02/24/2026 |
Acknowledged-Downgrading the remaining open credit exception with comp factors including a 732 fico and 0x30 mortgage/credit history. Client Acknowledges and downgrades finding. - Due Diligence Vendor-03/16/2026 | XX | Investment | Purchase | NA | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 304898050 | Closed | 2025-12-26 13:00 | 2026-01-13 14:27 | Resolved | 1 - Information | Credit | Borrower | Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete | Resolved-Mortgage statement received shows last payment made XX/XX/XXXX with no lates and next payment due XX/XX/XXXX. Condition cleared. - Due Diligence Vendor-01/13/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-01/13/2026 Ready for Review-Please review the XXXXXX xXXXX mtg statements to satisfy the payment history from XX - XXX XXXX - Due Diligence Vendor-01/13/2026 Counter-Primary - The application date for this loan is XX/XX/XXXX. The credit report is dated XX/XX/XXXX. The borrower's primary is only reporting on the credit report thru XX/XX/XXXX, with date of last activity XX/XX/XXXX. Please provide proof of payment thru the application date. Per GLs - For all occupancies, no mortgage payment, including subordinate liens, may be (through application date): No more than one (1) 30 or more days past due in the last 12 months (1x30). Additional REO - Section 3b of the URLA shows an additional REO and mortgage that is not listed on the credit report. There are no mortgage statements, payment history, Final CD/Note or verification of when this mortgage originated. Please provide documentation for this REO to verify payments meet lender guidelines. - Due Diligence Vendor-01/07/2026 Ready for Review-Per guidelines a VOM is not required. We can go off of credit report date - Due Diligence Vendor-01/06/2026 Open-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is incomplete. The borrower's primary residence mortgage is only reporting through XX/XXXX on the credit report. Please provide XX/XXXX and XX/XXXX verification of mortgage payments. The Borrower has an additional investment REO on the URLA with no mortgage documentation on the credit report or in the file. Please provide VOM for additional REO on the URLA. - Due Diligence Vendor-12/26/2025 |
Resolved-Mortgage statement received shows last payment made XX/XX/XXXX with no lates and next payment due XX/XX/XXXX. Condition cleared. - Due Diligence Vendor-01/13/2026 Resolved-Verification of Rent (VOR)/Verification of Mortgage (VOM) Document is not partially present. - Due Diligence Vendor-01/13/2026 |
XXXXXXX_1.pdf | XX | Investment | Purchase | NA | XXXX | N/A | N/A | |||
| XXXXX | XXXXX | XXXXX | 305053764 | Closed | 2026-03-03 13:50 | 2026-03-03 13:52 | Acknowledged | 2 - Non-Material | Compliance | Missing Doc | ECOA: Most Recent Primary Appraisal Not Provided to Applicant | Acknowledged-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. ECOA: Most Recent Primary Appraisal Date of XX/XX/XXXX is after the Primary Appraisal Delivery Date of XX/XX/XXXX. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-03/03/2026 | Acknowledged-ECOA Non-Compliant: Most Recent Primary Appraisal Not Provided to Applicant. ECOA: Most Recent Primary Appraisal Date of XX/XX/XXXX is after the Primary Appraisal Delivery Date of XX/XX/XXXX. This finding is non-material and will be rated a B for all agencies. - Due Diligence Vendor-03/03/2026 | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | Investor Post-Close | No | ||||
| XXXXX | XXXXX | XXXXX | 305053764 | Closed | 2026-03-03 13:50 | 2026-03-03 13:52 | Acknowledged | 1 - Information | Property | Value | S&P value equals B, secondary product within tolerance | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-03/03/2026 | Acknowledged-S&P value equals B, secondary product within tolerance. This finding will be rated a B for S&P. All other agencies will be rated as A. - Due Diligence Vendor-03/03/2026 | XX | Primary Residence | Refinance | No Cash Out - Borrower Initiated | XXXX | Investor Post-Close | No |